Box (BOX) FCF Margin (2014 - 2026)

Box's FCF Margin history runs 13 years deep, the most recent figure standing at 35.46% for Q1 2026.

• Quarterly FCF Margin fell 87.0% year-over-year to 35.46% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 29.76% (down 48.0% YoY) and the FY2026 annual result came in at 29.76%, down 48.0% from the prior year.
• FCF Margin was 35.46% for Q1 2026 at Box, up from 23.68% in the prior quarter.
• Across five years, FCF Margin topped out at 49.09% in Q2 2024 and bottomed at 11.52% in Q3 2022.
• A 5-year average of 29.68% and a median of 27.9% in 2022 frame the typical range for FCF Margin.
• Annual changes were most pronounced in 2022 — FCF Margin tumbled 936 bps — and 2023, when it jumped 1487 bps.
• Box's FCF Margin stood at 27.9% in 2022, then slipped by 5 bps to 26.51% in 2023, then fell by 15 bps to 22.58% in 2024, then increased by 5 bps to 23.68% in 2025, then jumped by 50 bps to 35.46% in 2026.
• Business Quant data shows BOX's FCF Margin at 35.46% in Q1 2026, 23.68% in Q4 2025, and 14.93% in Q3 2025.