Box (BOX) Net Margin (2014 - 2026)
Box (BOX) posted Net Margin of 22.41% for Q1 2026, up 878.66% on a QoQ basis from 2.29% in Q4 2025, and down 3773.0% year-over-year from 0.61% in Q1 2025.
Box (BOX) Net Margin (2014 - 2026) Analysis & Trends
Box's Net Margin history runs 13 years deep, the most recent figure standing at 22.41% for Q1 2026.
- Quarterly Net Margin fell 3773.0% year-over-year to 22.41% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 7.39% (down 1110.0% YoY) and the FY2026 annual result came in at 7.39%, down 1110.0% from the prior year.
- Net Margin was 22.41% for Q1 2026 at Box, up from 2.29% in the prior quarter.
- Across five years, Net Margin topped out at 60.14% in Q1 2025 and bottomed at 3.74% in Q2 2022.
- A 5-year average of 8.13% and a median of 2.29% in 2025 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2025 — Net Margin surged 2814 bps — and 2026, when it tumbled 3773 bps.
- Box's Net Margin stood at 1.99% in 2022, then rose by 8 bps to 2.16% in 2023, then grew by 28 bps to 2.76% in 2024, then fell by 17 bps to 2.29% in 2025, then soared by 879 bps to 22.41% in 2026.
- Business Quant data shows BOX's Net Margin at 22.41% in Q1 2026, 2.29% in Q4 2025, and 2.75% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | 38.34% |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | 13.90% |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | 30.88% |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | 53.68% |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | 16.65% |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | 4.71% |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | 28.90% |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | -3.58% |
| 10 | Box | 4.55 Bn | 4.07 Bn | 245.00 Mn | 22.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 22.41% |
| Oct 31, 2025 | 2.29% |
| Jul 31, 2025 | 2.75% |
| Apr 30, 2025 | 1.27% |
| Jan 31, 2025 | 60.14% |
| Oct 31, 2024 | 2.76% |
| Jul 31, 2024 | 5.31% |
| Apr 30, 2024 | 4.35% |
| Jan 31, 2024 | 31.99% |
| Oct 31, 2023 | 2.16% |
| Jul 31, 2023 | 2.20% |
| Apr 30, 2023 | 1.45% |
| Jan 31, 2023 | 5.89% |
| Oct 31, 2022 | 1.99% |
| Jul 31, 2022 | -1.32% |
| Apr 30, 2022 | -3.74% |
| Jan 31, 2022 | -3.71% |
| Oct 31, 2021 | -8.11% |
| Jul 31, 2021 | -5.82% |
| Apr 30, 2021 | -7.20% |