Box (BOX) Operating Margin (2014 - 2026)
Box (BOX) posted Operating Margin of 10.2% for Q1 2026, up 22.59% on a QoQ basis from 8.32% in Q4 2025, and up 379.0% year-over-year from 2.13% in Q1 2025.
Box (BOX) Operating Margin (2014 - 2026) Analysis & Trends
Box's Operating Margin history runs 13 years deep, the most recent figure standing at 10.2% for Q1 2026.
- Quarterly Operating Margin rose 379.0% year-over-year to 10.2% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 7.07% (down 24.0% YoY) and the FY2026 annual result came in at 7.07%, down 24.0% from the prior year.
- Operating Margin was 10.2% for Q1 2026 at Box, up from 8.32% in the prior quarter.
- Across five years, Operating Margin topped out at 10.2% in Q1 2026 and bottomed at 0.07% in Q1 2022.
- A 5-year average of 5.35% and a median of 6.42% in 2025 frame the typical range for Operating Margin.
- Annual changes were most pronounced in 2022 — Operating Margin soared 1030 bps — and 2025, when it sank 451 bps.
- Box's Operating Margin stood at 5.35% in 2022, then fell by 19 bps to 4.35% in 2023, then surged by 95 bps to 8.48% in 2024, then slipped by 2 bps to 8.32% in 2025, then climbed by 23 bps to 10.2% in 2026.
- Business Quant data shows BOX's Operating Margin at 10.2% in Q1 2026, 8.32% in Q4 2025, and 7.0% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,336.48 Bn | 3,203.72 Bn | 60.48 Bn | 45.11% |
| 2 | PagSeguro Digital | 2,692.29 Bn | 2,692.29 Bn | 358.92 Mn | 75.95% |
| 3 | Oracle | 363.06 Bn | 331.17 Bn | - | 31.97% |
| 4 | Repay Holdings | 324.13 Bn | 323.98 Bn | - | - |
| 5 | Palantir Technologies | 293.80 Bn | 285.77 Bn | 1.42 Bn | 46.18% |
| 6 | Palo Alto Networks | 223.60 Bn | 219.07 Bn | 1.91 Bn | 15.30% |
| 7 | CrowdStrike Holdings | 183.24 Bn | 180.14 Bn | 993.68 Mn | 1.06% |
| 8 | Fortinet | 118.66 Bn | 115.37 Bn | 1.49 Bn | 31.36% |
| 9 | Cloudflare | 99.09 Bn | 98.14 Bn | 455.60 Mn | -9.69% |
| 10 | Box | 4.47 Bn | 3.99 Bn | 245.00 Mn | 10.20% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 10.20% |
| 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 | 7.68% |
| Oct 31, 2022 | 5.35% |
| Jul 31, 2022 | 1.28% |
| Apr 30, 2022 | 0.26% |
| Jan 31, 2022 | -0.07% |
| Oct 31, 2021 | -4.95% |
| Jul 31, 2021 | -2.85% |
| Apr 30, 2021 | -5.07% |