Q3 25 EPS
$0.45
BEAT +6.46%
Est. $0.42
Q3 25 Revenue
$275.9M
BEAT +0.30%
Est. $275.1M
vs S&P Since Q3 25
-45.2%
TRAILING MARKET
BOX -24.6% vs S&P +20.7%
Market Reaction
Did BOX Beat Earnings? Q3 2025 Results
Box delivered a clean beat to close out its fiscal third quarter, with the cloud content management company posting non-GAAP EPS of $0.45 against a consensus estimate of $0.42, a 6.46% beat that marked a record for the metric and a significant step u… Read more Box delivered a clean beat to close out its fiscal third quarter, with the cloud content management company posting non-GAAP EPS of $0.45 against a consensus estimate of $0.42, a 6.46% beat that marked a record for the metric and a significant step up from $0.36 in the year-ago period. Revenue of $275.91 million edged past the $275.10 million Wall Street expected, rising 5.5% year-over-year, with the company crediting seat expansion and particularly strong momentum in Japan as key contributors. The more compelling story, however, was margin execution: Box hit a record non-GAAP operating margin of 29.1%, reflecting the operational discipline that management has been signaling for several quarters. Remaining performance obligations grew 13% year-over-year to $1.28 billion, offering a constructive forward revenue signal. Looking ahead, Box guided Q4 revenue to approximately $279 million and full-year FY25 revenue to approximately $1.09 billion, while prior quarters' estimates had already set a high bar for the company's consistency heading into year-end.
Key Takeaways
- • Record GAAP gross margin of 79.9% and non-GAAP gross margin of 81.9%
- • Record non-GAAP operating margin of 29.1%, up from 24.7% in the year-ago quarter
- • Remaining performance obligations grew 13% year-over-year to $1.282 billion
- • Operational discipline and efficient cost structure driving margin expansion
BOX YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
“We delivered strong Q3 financial results and unveiled the most transformational product line-up in Box history.”
— Aaron Levie, Q3 2025 Earnings Press Release
BOX Earnings Trends
BOX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BOX EPS Trend
Earnings per share: estimate vs actual
BOX Revenue Trend
Quarterly revenue: estimate vs actual
BOX Quarterly Results
12 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 BEAT | $0.36 | $0.37 | +2.01% | $305.9M | +0.61% |
| Q4 26 BEAT FY | $0.34 | $0.49 | +45.92% | $305.9M | +0.08% |
| FY Full Year | — | $1.44 | — | $1.18B | — |
| Q3 26 MISS | $0.31 | $0.31 | -1.21% | $301.1M | +0.73% |
| Q2 26 BEAT | $0.31 | $0.33 | +6.38% | $294.0M | +1.31% |
| Q1 26 BEAT | $0.26 | $0.30 | +17.19% | $276.3M | +0.55% |
| Q4 25 MISS FY | $0.42 | $0.42 | -0.59% | $279.5M | +0.12% |
| FY Full Year | — | $1.71 | — | $1.09B | — |
| Q3 25 BEAT | $0.42 | $0.45 | +6.46% | $275.9M | +0.30% |
| Q2 25 BEAT | $0.40 | $0.44 | +10.00% | $270.0M | +0.32% |
| Q2 24 BEAT | $0.35 | $0.36 | +2.86% | $261.4M | +0.12% |
| Q4 23 BEAT FY | $0.34 | $0.37 | +8.82% | $256.5M | +0.16% |
| FY Full Year | — | $1.20 | — | $990.9M | — |
| Q2 22 BEAT | $0.19 | $0.21 | +10.53% | $214.5M | +0.96% |
| Q1 22 BEAT | $0.17 | $0.18 | +5.88% | $202.4M | +0.98% |