Bill.com (NYSE:BILL) shares plunged more than 26% on Friday after the company reported better-than-expected Q2 results, but its total payment volume (TPV) missed expectations.

Q2 EPS was $0.42, better than the Street estimate of $0.14. Revenue came in at $260 million, beating the Street estimate of $243.75 million. Total payment volume (TPV) was $63.7 billion, significantly below the Street estimate of $69.41 billion.

The company also announced that its Board of Directors approved a share repurchase program of up to $300 million of its common stock.

For Q3/23, the company expects EPS in the range of $0.22-$0.25, compared to the Street estimate of $0.12, and revenue in the range of $245-248 million, compared to the Street estimate of $250.8 million.

For fiscal 2023, EPS is expected to be in the range of $0.99-$1.05, compared to the Street estimate of $0.55, and revenue in the range of $999-1,007 million, compared to the Street estimate of $999 million.