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| Date | Value |
|---|---|
| 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 |