Box, Inc. Earnings Recaps
Q2 2027
Aug 27, 2026
Box reported a mixed but generally in-line quarter, with revenue above its guidance and retention ahead of expectations, while the stock rose 1.2% after earnings. The modest move suggests investors saw solid execution but no major positive surprise in the results presented.
Key takeaways
- Q2 revenue grew 9% year over year, or 11% in constant currency, and exceeded company guidance.
- Non-GAAP operating margin was 29%.
- Net retention was 106%, versus management’s 105% expectation, with contributions from price-per-seat increases and seat expansion.
- Billings grew 17% and remaining performance obligations grew 15% year over year.
- Management cited record Q2 bookings and customer expansions tied to Enterprise Advanced, including a federal agency deal with a 4x seat expansion.
Q4 2026
Mar 4, 2026
Box reported solid fourth-quarter results, with revenue reaching $306 million, driven by strong demand for its AI-focused Enterprise Advanced offering, reflecting a 9% year-over-year increase.
Key takeaways
- Fiscal year 2026 revenue totaled $1.18 billion, an 8% increase year-over-year, with operating margins at 28%.
- The new Enterprise Advanced offering now accounts for 10% of revenue, demonstrating early traction and customer adoption.
- Box Extract was launched, enhancing capabilities for enterprises to transform unstructured data into actionable metadata using advanced AI technology.