Box (BOX) Q4 2026 Earnings
How Did BOX Stock React to Q4 2026 Earnings?
S&P 500 over the same 30 days: −3.82%.
Did BOX Beat Earnings? Q4 2026 Results
Yes. Box reported Q4 2026 earnings of $0.49 a share on Mar 3, 2026, beating the $0.34 consensus estimate by 45.9%. Revenue was $305.9M against a $305.6M estimate.
Box delivered a sharply stronger-than-expected fourth quarter for fiscal 2026, posting non-GAAP EPS of $0.49 against a consensus estimate of $0.34, a beat of 45.92% that extended the company's streak of topping analyst EPS forecasts to five consecutive quarters. Revenue of $305.88 million grew 9.4% year-over-year, edging just above the $305.64 million consensus, while the more consequential story lay beneath the headline, where significant tax benefits contributed $0.14 per share to non-GAAP EPS and non-GAAP operating margin expanded to 30.6% from 27.3% a year earlier. The strategic engine driving results was Enterprise Advanced, Box's premium AI-powered tier, which already accounts for 10% of revenue and anchors the company's pivot toward Intelligent Content Management. Remaining performance obligations climbed 17% to $1.71 billion, signaling strengthening customer commitments. Looking ahead, Box guided full-year FY2027 revenue of approximately $1.28 billion, up 8%, though analysts have flagged that intensifying competition from hyperscalers with bundling advantages could constrain the pace of that growth.
- Enterprise Advanced adoption reaching 10% of revenue
- Significant improvement in net retention rate
- RPO growth of 17% year-over-year driven by longer-term contract commitments
- Non-GAAP operating margin expansion to 30.6% from 27.3%
- Revenue growth of 9% year-over-year
“Fiscal 2026 was a defining year for Box, as we executed on the launch of Enterprise Advanced, delivering customers our most powerful capabilities around advanced AI and intelligent workflow automation, all anchored in a secure platform.”
Box CEO, on the earnings call
What Was Box's Outlook in Q4 2026?
For Q1 FY2027, Box expects revenue of approximately $304 million (up 10% YoY, 9% constant currency), GAAP operating margin of approximately 8.5%, non-GAAP operating margin of approximately 27.5%, GAAP EPS of approximately $0.09, and non-GAAP EPS of approximately $0.36 on ~141 million diluted shares. For full-year FY2027, Box expects revenue of approximately $1.275 billion (up 8% YoY, 9% constant currency), GAAP operating margin of approximately 9.5%, non-GAAP operating margin of approximately 28%, GAAP EPS of approximately $0.45, and non-GAAP EPS of approximately $1.55 on ~141 million diluted shares. FX headwinds are expected to impact FY2027 revenue by approximately 60 basis points and non-GAAP EPS by $0.03. A lower expected tax rate will benefit both GAAP and non-GAAP EPS.
BOX YoY Financials
| Metric | Q4 2026 | Q4 2025 | Year over year |
|---|---|---|---|
| Revenue | $305.9M | $279.5M | +9.4% |
| Gross Profit | $245.0M | $220.7M | +11.0% |
| Operating Income | $31.2M | $17.9M | +74.0% |
| Net Income | $81.7M | $194.0M | −57.9% |
Figures from SEC filings and company reports. Not investment advice.