Companies /Technology

Box Inc - Class A

NYSE: BOX Software - Infrastructure
$33.89
▼ $0.23 (−0.68%) today
Markets open · 4:01pm ET

Q4 2026 Earnings

Reported Mar 3, 2026, 4:07pm ET · SEC source
$0.49
Beat +45.92%
EPS · est. $0.34
$305.9M
Beat +0.08%
Revenue · est. $305.6M
−4.5%
Trailing market
BOX vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−4%0+4%Mar 3Mar 4report 4:07pm ETearnings+1.1%+3.9%
−4%0+4%Mar 3Mar 4earnings+1.1%+3.9%
BOX +3.9%S&P 500 +1.1%
−4%0+4%Mar 3Mar 4report 4:07pm ETearnings+2.0%+3.9%
−4%0+4%Mar 3Mar 4earnings+2.0%+3.9%
BOX +3.9%NASDAQ +2.0%
−5%0+5%Mar 2Mar 11report 4:07pm ETearnings−1.0%−1.2%
−5%0+5%Mar 2Mar 11earnings−1.0%−1.2%
BOX −1.2%S&P 500 −1.0%
−5%0+5%Mar 2Mar 11report 4:07pm ETearnings+0.6%−1.2%
−5%0+5%Mar 2Mar 11earnings+0.6%−1.2%
BOX −1.2%NASDAQ +0.6%
+10.16%
Day of report
−0.95%
Next session
−6.41%
One week
−8.27%
30 days

S&P 500 over the same 30 days: −3.82%.

Did BOX Beat Earnings? Q4 2026 Results

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.

Key Takeaways
  • 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

Forward Guidance & Outlook

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

Q4 2026 vs Q4 2025 · SEC filings Q4 2025 Q4 2026
$0$90.0M$180.0M$270.0M$279.5M$305.9MRevenue$220.7M$245.0MGross Profit$17.9M$31.2MOperating Income$194.0M$81.7MNet Income
$0$90.0M$180.0M$270.0MRevenueGross ProfitOperating IncomeNet Income

Figures from SEC filings and company reports. Not investment advice.