Q3 26 EPS
$0.31
MISS 1.21%
Est. $0.31
Q3 26 Revenue
$301.1M
BEAT +0.73%
Est. $298.9M
vs S&P Since Q3 26
-18.5%
TRAILING MARKET
BOX -11.3% vs S&P +7.2%
Market Reaction
Did BOX Beat Earnings? Q3 2026 Results
Box delivered a mixed fiscal third-quarter report, posting revenue of $301.11 million, up 9.1% year-over-year and edging past the $298.93 million consensus by 0.73%, while non-GAAP diluted EPS of $0.31 came in just below the $0.31 estimate, a 1.21% m… Read more Box delivered a mixed fiscal third-quarter report, posting revenue of $301.11 million, up 9.1% year-over-year and edging past the $298.93 million consensus by 0.73%, while non-GAAP diluted EPS of $0.31 came in just below the $0.31 estimate, a 1.21% miss that snapped a five-quarter streak of beating EPS expectations. The earnings shortfall was largely a function of accounting mechanics rather than operational weakness; a $0.16 per-share headwind from non-cash deferred tax expense recognition weighed on the bottom line, compared to just $0.01 in the year-ago period. Beneath that noise, the company's Intelligent Content Management platform showed genuine momentum, with remaining performance obligations climbing 18% to $1.50 billion and net retention improving to 104%, driven by Box AI and Enterprise Advanced adoption lifting both price per seat and seat counts. CEO Aaron Levie and CFO Dylan Smith both executed pre-planned share sales around the report, though the company simultaneously expanded its buyback program by $150 million. Looking ahead, Box guided Q4 revenue of approximately $304 million and full-year fiscal 2026 revenue of approximately $1.18 billion.
Key Takeaways
- • Box AI and Enterprise Advanced adoption driving price per seat increases and seat expansion
- • Net retention rate improved to 104%
- • Revenue up 9% YoY with billings up 12%
- • Remaining performance obligations up 18% to $1.5 billion
- • Operating cash flow up 17% YoY
BOX YoY Financials
Q3 2026 vs Q3 2025, source: SEC Filings
“Our strong third quarter performance proves how quickly enterprises are embracing Box as their AI-powered Intelligent Content Management platform. Enterprises want one platform that brings together security, compliance, collaboration and AI. The power of Box is that customers can have a single agentic platform for managing and working with their unstructured data, leverage all of the leading AI models, and have integration across their tech stack.”
— Aaron Levie, Q3 2026 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% |