Box (BOX) Cost of Revenue (2014 - 2026)
Box (BOX) recorded Cost of Revenue of $67.18 million in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 9.2% from $61.52 million a year earlier.
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Analysis
Box (BOX) Cost of Revenue (2014 - 2026) Analysis & Trends
On a TTM basis, Box's Cost of Revenue came in at $251.16 million as of Jul 31, 2026, up 6.2% year-over-year; for FY2026 (ended Jan 31, 2026), it came in at $244.65 million, up 7.3% from FY2025.
- Annual Cost of Revenue has a five-year compound annual growth rate of 1.7% (FY2021 to FY2026).
- Across earlier fiscal years, Cost of Revenue came in at $228.11 million in FY2025 (-12.5%), $260.61 million in FY2024 (+3.2%), $252.56 million in FY2023 (+1.2%) and $249.48 million in FY2022 (+11.0%).
- The fiscal Q2 2027 figure is the highest quarterly Cost of Revenue since fiscal Q3 2024.
- On a year-over-year basis, Cost of Revenue rose in five of the last seven quarters, with growth averaging 1.8%.
- Peak year-over-year performance for Cost of Revenue in the last five years was growth of 11.0% in fiscal Q3 2022, against a decline of 19.7% in fiscal Q3 2025 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 92.94 Bn | 68.19 Bn | 6.00 Bn | 763.00 Mn |
| 2 | Atlassian | 48.88 Bn | 42.16 Bn | 1.53 Bn | 238.45 Mn |
| 3 | Twilio | 45.24 Bn | 35.23 Bn | 725.87 Mn | 773.22 Mn |
| 4 | Autodesk | 44.31 Bn | 32.34 Bn | 1.87 Bn | 176.00 Mn |
| 5 | Zoom Communications | 27.15 Bn | -3.64 Bn | 985.50 Mn | 291.72 Mn |
| 6 | Figma | 11.33 Bn | 4.84 Bn | 309.61 Mn | 60.47 Mn |
| 7 | Dropbox | 7.45 Bn | 3.08 Bn | 506.50 Mn | 125.00 Mn |
| 8 | Nice | 6.88 Bn | 5.35 Bn | 995.81 Mn | 439.04 Mn |
| 9 | RingCentral | 6.55 Bn | 6.05 Bn | 472.31 Mn | 184.70 Mn |
| 10 | Box | 4.73 Bn | 2.32 Bn | 253.97 Mn | 67.18 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 67.18 Mn |
| Jan 31, 2026 | 60.88 Mn |
| Oct 31, 2025 | 61.58 Mn |
| Jul 31, 2025 | 61.52 Mn |
| Apr 30, 2025 | 60.67 Mn |
| Jan 31, 2025 | 58.78 Mn |
| Oct 31, 2024 | 55.56 Mn |
| Jul 31, 2024 | 55.51 Mn |
| Apr 30, 2024 | 58.25 Mn |
| Jan 31, 2024 | 62.72 Mn |
| Oct 31, 2023 | 69.23 Mn |
| Jul 31, 2023 | 67.01 Mn |
| Apr 30, 2023 | 61.65 Mn |
| Jan 31, 2023 | 61.01 Mn |
| Oct 31, 2022 | 64.49 Mn |
| Jul 31, 2022 | 64.84 Mn |
| Apr 30, 2022 | 62.21 Mn |
| Jan 31, 2022 | 64.68 Mn |
| Oct 31, 2021 | 63.07 Mn |
| Jul 31, 2021 | 60.79 Mn |
API Access
Box Cost of Revenue API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BOX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "cost-of-revenue", "ticker": "BOX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=cost-of-revenue&ticker=BOX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();