Box (BOX) Operating Expenses (2014 - 2026)

Box (BOX) posted Operating Expenses of $213.8 million for Q1 2026, little changed quarter-over-quarter from $214.5 million in Q4 2025, and up 5.42% year-on-year from $202.8 million in Q1 2025.

Box (BOX) Operating Expenses (2014 - 2026) Analysis & Trends

Box (BOX) has reported Operating Expenses for 13 consecutive years, with $213.8 million the latest figure, recorded in Q1 2026.

  • Operating Expenses for Q1 2026 came in at $213.8 million, up 5.42% year-over-year; the trailing twelve-month figure through Jan 2026 was $849.4 million (up 8.57% YoY), and the FY2026 annual result was $849.4 million, up 8.57% from the prior year.
  • Operating Expenses was $213.8 million for Q1 2026 at Box, roughly flat from $214.5 million in the prior quarter.
  • Over five years, Operating Expenses peaked at $214.5 million in Q4 2025 and troughed at $168.8 million in Q1 2022.
  • Average Operating Expenses over 5 years is $189.9 million, with a median of $184.5 million recorded in 2023.
  • The widest YoY moves for Operating Expenses: up 17.59% in 2022, down 0.02% in 2022.
  • Over 5 years, Operating Expenses stood at $172.1 million in 2022, then gained by 5.13% to $180.9 million in 2023, then advanced by 8.85% to $196.9 million in 2024, then advanced by 8.9% to $214.5 million in 2025, then slipped by 0.32% to $213.8 million in 2026.
  • Per Business Quant data, the three most recent Operating Expenses figures were $213.8 million in Q1 2026, $214.5 million in Q4 2025, and $211.9 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 10.85 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 13.05 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 662.79 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 1.51 Bn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 979.89 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 905.10 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 517.59 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 1.57 Bn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 3.08 Bn
10 Box 384,439.99 -477.68 Mn 245.00 Mn 213.79 Mn

Historic Data

Download Data
DateValue
Jan 31, 2026 213.79 Mn
Oct 31, 2025 214.47 Mn
Jul 31, 2025 211.90 Mn
Apr 30, 2025 209.26 Mn
Jan 31, 2025 202.80 Mn
Oct 31, 2024 196.95 Mn
Jul 31, 2024 194.25 Mn
Apr 30, 2024 188.40 Mn
Jan 31, 2024 178.99 Mn
Oct 31, 2023 180.93 Mn
Jul 31, 2023 184.54 Mn
Apr 30, 2023 181.91 Mn
Jan 31, 2023 175.75 Mn
Oct 31, 2022 172.10 Mn
Jul 31, 2022 178.03 Mn
Apr 30, 2022 175.60 Mn
Jan 31, 2022 168.85 Mn
Oct 31, 2021 172.06 Mn
Jul 31, 2021 159.81 Mn
Apr 30, 2021 151.76 Mn