Box (BOX) Gross Margin (2014 - 2026)
Box's (BOX) quarterly Gross Margin came in at 79.08% in Q3 2026, up 1.0% on a YoY basis from 78.3% in Q3 2025, and down 1.27% quarter-over-quarter from 80.1% in Q1 2026.
Analysis
Box (BOX) Gross Margin (2014 - 2026) Analysis & Trends
Box (BOX) has reported Gross Margin for 13 consecutive years, with 79.08% the latest figure, recorded in Q3 2026.
- For the quarter ending Q3 2026, Gross Margin rose 1.0% year-over-year to 79.08%; the trailing twelve-month figure through Jul 2026 stood at 79.45% (up 46.0% YoY), and the FY2026 full-year result was 79.22%, up 14.0% from the prior year.
- Gross Margin fell to 79.08% in Q3 2026 per BOX's latest filing, from 80.1% in the prior quarter.
- Across five years, Gross Margin topped out at 80.1% in Q1 2026 and bottomed at 72.28% in Q1 2022.
- Historically, Gross Margin has averaged 76.77% across 5 years, with a median of 77.1% in 2023.
- The sharpest annual moves came in 2023 and 2024: Gross Margin sank 67 bps in 2023, then jumped 633 bps in 2024.
- Over 5 years, Gross Margin stood at 74.2% in 2022, then dropped by 1 bps to 73.53% in 2023, then advanced by 9 bps to 79.86% in 2024, then retreated by 0 bps to 79.55% in 2025, then slipped by 1 bps to 79.08% in 2026.
- According to Business Quant data, Gross Margin over the past three periods registered 79.08%, 80.1%, and 79.55% for Q3 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 46.19 Bn | 44.95 Bn | 1.53 Bn | 86.50% |
| 2 | Dropbox | 7.58 Bn | 6.47 Bn | 506.50 Mn | 80.21% |
| 3 | Open Text | 5.80 Bn | 4.85 Bn | 1.01 Bn | 74.98% |
| 4 | Box | 4.68 Bn | 4.24 Bn | 253.97 Mn | 79.08% |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn | 85.99% |
| 6 | Cheetah Mobile | 106.73 Mn | -79.52 Mn | 24.15 Mn | 64.31% |
| 7 | Upland Software | 10.32 Mn | -21.35 Mn | 37.47 Mn | 76.25% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 79.08% |
| 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% |