Box (BOX) Operating Margin (2014 - 2026)
Box (BOX) reported Operating Margin of 10.21% for Q1 2026, down 1662.0% on a YoY basis from 0.65% in Q1 2025, and down 222.61% quarter-over-quarter from 8.32% in Q4 2025.
Box (BOX) Operating Margin (2014 - 2026) Analysis & Trends
Box has reported Operating Margin for 13 years, with the latest figure at 10.21% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 1662.0% year-over-year to 10.21%; the trailing twelve-month figure through Jan 2026 stood at 1.76% (down 554.0% YoY), and the FY2026 full-year result was 1.76%, down 554.0% from the prior year.
- Operating Margin for Q1 2026 stood at 10.21%, down from 8.32% in the prior quarter.
- The five-year high for Operating Margin was 8.48% in Q4 2024, with the low at 10.21% in Q1 2026.
- Historically, Operating Margin has averaged 3.97% across 5 years, with a median of 5.35% in 2022.
- Annual changes were most pronounced in 2024 — Operating Margin surged 1191 bps — and 2026, when it slumped 1662 bps.
- Box's Operating Margin stood at 5.35% in 2022, then dropped by 19 bps to 4.35% in 2023, then soared by 95 bps to 8.48% in 2024, then retreated by 2 bps to 8.32% in 2025, then slumped by 223 bps to 10.21% in 2026.
- The last three Operating Margin figures came in at 10.21% (Q1 2026), 8.32% (Q4 2025), and 7.0% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 46.33% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 6.91% |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 31.79% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 46.18% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 15.30% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 1.06% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 31.36% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 8.43% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | -9.69% |
| 10 | Box | 3.83 Bn | 3.35 Bn | 245.00 Mn | -10.21% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -10.21% |
| Oct 31, 2025 | 8.32% |
| Jul 31, 2025 | 7.00% |
| Apr 30, 2025 | 2.29% |
| Jan 31, 2025 | 6.42% |
| Oct 31, 2024 | 8.48% |
| Jul 31, 2024 | 7.51% |
| Apr 30, 2024 | 6.80% |
| Jan 31, 2024 | 8.05% |
| Oct 31, 2023 | 4.35% |
| Jul 31, 2023 | 3.78% |
| Apr 30, 2023 | 3.31% |
| Jan 31, 2023 | -3.86% |
| Oct 31, 2022 | 5.35% |
| Jul 31, 2022 | 1.28% |
| Apr 30, 2022 | 0.26% |
| Jan 31, 2022 | 8.40% |
| Oct 31, 2021 | -4.95% |
| Jul 31, 2021 | -2.85% |
| Apr 30, 2021 | -5.07% |