Box (BOX) Gross Margin (2014 - 2026)
Box (BOX) reported Gross Margin of 80.1% for Q1 2026, up 113.0% on a YoY basis from 37.6% in Q1 2025, and up 0.69% quarter-over-quarter from 79.55% in Q4 2025.
Box (BOX) Gross Margin (2014 - 2026) Analysis & Trends
Box has reported Gross Margin for 13 years, with the latest figure at 80.1% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 113.0% year-over-year to 80.1%; the trailing twelve-month figure through Jan 2026 stood at 79.22% (up 14.0% YoY), and the FY2026 full-year result was 79.22%, up 14.0% from the prior year.
- Gross Margin for Q1 2026 stood at 80.1%, up from 79.55% in the prior quarter.
- The five-year high for Gross Margin was 80.1% in Q1 2026, with the low at 72.28% in Q1 2022.
- Historically, Gross Margin has averaged 76.64% across 5 years, with a median of 76.21% in 2023.
- Annual changes were most pronounced in 2023 — Gross Margin plunged 67 bps — and 2024, when it soared 633 bps.
- Box's Gross Margin stood at 74.2% in 2022, then decreased by 1 bps to 73.53% in 2023, then rose by 9 bps to 79.86% in 2024, then declined by 0 bps to 79.55% in 2025, then rose by 1 bps to 80.1% in 2026.
- The last three Gross Margin figures came in at 80.1% (Q1 2026), 79.55% (Q4 2025), and 79.07% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 67.63% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 61.73% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 88.06% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 86.78% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 73.59% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 76.12% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 80.29% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 73.54% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 71.21% |
| 10 | Box | 3.83 Bn | 3.35 Bn | 245.00 Mn | 80.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 80.10% |
| Oct 31, 2025 | 79.55% |
| Jul 31, 2025 | 79.07% |
| Apr 30, 2025 | 78.04% |
| Jan 31, 2025 | 78.97% |
| Oct 31, 2024 | 79.86% |
| Jul 31, 2024 | 79.44% |
| Apr 30, 2024 | 77.99% |
| Jan 31, 2024 | 76.14% |
| Oct 31, 2023 | 73.53% |
| Jul 31, 2023 | 74.37% |
| Apr 30, 2023 | 75.53% |
| Jan 31, 2023 | 76.21% |
| Oct 31, 2022 | 74.20% |
| Jul 31, 2022 | 73.64% |
| Apr 30, 2022 | 73.91% |
| Jan 31, 2022 | 72.28% |
| Oct 31, 2021 | 71.85% |
| Jul 31, 2021 | 71.66% |
| Apr 30, 2021 | 69.89% |