Box (BOX) Operating Expenses (2014 - 2026)
Box's (BOX) quarterly Operating Expenses came in at $213.8 million in Q1 2026, up 5.42% YoY from $202.8 million in Q1 2025, and little changed on a QoQ basis from $214.5 million in Q4 2025.
Box (BOX) Operating Expenses (2014 - 2026) Analysis & Trends
Box (BOX) has 13 years of Operating Expenses data on file, last reported at $213.8 million in Q1 2026.
- Quarterly Operating Expenses rose 5.42% year-over-year to $213.8 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $849.4 million (up 8.57% YoY) and the FY2026 annual result came in at $849.4 million, up 8.57% from the prior year.
- Operating Expenses was little changed at $213.8 million in Q1 2026, from $214.5 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $214.5 million in Q4 2025 to a low of $168.8 million in Q1 2022.
- A 5-year average of $189.9 million and a median of $184.5 million in 2023 frame the typical range for Operating Expenses.
- The widest YoY moves for Operating Expenses: up 17.59% in 2022, down 0.02% in 2022.
- Tracing BOX's Operating Expenses over 5 years: stood at $172.1 million in 2022, then grew by 5.13% to $180.9 million in 2023, then increased by 8.85% to $196.9 million in 2024, then increased by 8.9% to $214.5 million in 2025, then fell by 0.32% to $213.8 million in 2026.
- The last three Operating Expenses figures came in at $213.8 million (Q1 2026), $214.5 million (Q4 2025), and $211.9 million (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Box | 4.69 Bn | 4.21 Bn | 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 |