Box, Inc. Earnings Recaps
Q2 2027
Aug 27, 2026
Box’s shares declined modestly by 0.2% following Q2 results that were broadly in line with expectations. Revenue growth and product momentum continued, but the market’s muted response suggests cautious investor sentiment despite ongoing investments in AI-enabled offerings.
Key takeaways
- Revenue rose 9% year-over-year (11% in constant currency), slightly above guidance.
- Operating margins held steady at 29%, showing no signs of margin expansion or compression.
- Net retention rate improved to 106%, driven by price per seat increases and seat expansion.
- Billings grew 17% year-over-year, with remaining performance obligations up 15%, indicating solid demand visibility.
- Management emphasized strategic AI solutions and partnerships, but provided no significant upward revision to guidance or margin outlook, potentially tempering enthusiasm.
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.