Box (BOX) Gross Margin (2014 - 2026)
Box's (BOX) quarterly Gross Margin came in at 80.1% in Q1 2026, up 113.0% YoY from 37.6% in Q1 2025, and up 0.69% on a QoQ basis from 79.55% in Q4 2025.
Box (BOX) Gross Margin (2014 - 2026) Analysis & Trends
Box (BOX) has 13 years of Gross Margin data on file, last reported at 80.1% in Q1 2026.
- Quarterly Gross Margin rose 113.0% year-over-year to 80.1% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 79.22% (up 14.0% YoY) and the FY2026 annual result came in at 79.22%, up 14.0% from the prior year.
- Gross Margin climbed to 80.1% in Q1 2026, from 79.55% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 80.1% in Q1 2026 to a low of 72.28% in Q1 2022.
- A 5-year average of 76.64% and a median of 76.21% in 2023 frame the typical range for Gross Margin.
- Annual changes were most pronounced in 2023 — Gross Margin plunged 67 bps — and 2024, when it soared 633 bps.
- Tracing BOX's Gross Margin over 5 years: 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 | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 67.20% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 84.66% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 67.55% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 80.24% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 71.76% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 73.54% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 65.86% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 47.84% |
| 10 | Box | 4.69 Bn | 4.21 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% |