Box (BOX) Operating Margin (2014 - 2026)
Box's Operating Margin came in at 10.16% for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 3.16 percentage points from 7.00% a year earlier.
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Analysis
Box (BOX) Operating Margin (2014 - 2026) Analysis & Trends
Over the trailing twelve months to Jul 31, 2026, Box reported Operating Margin of 8.96%, up 2.89 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was 7.07%, down 0.24 percentage points from FY2025.
- Operating Margin carries a five-year change of +11.95 percentage points (FY2021 to FY2026).
- Going back by fiscal year, Operating Margin was 7.31% in FY2025 (+2.41 pp), 4.89% in FY2024 (+1.17 pp), 3.72% in FY2023 (+6.88 pp) and -3.16% in FY2022 (+1.72 pp).
- The five-year range for quarterly Operating Margin is -4.95% (fiscal Q3 2022) to 10.20% (fiscal Q4 2026).
- Year-over-year, Operating Margin increased in three of the last seven quarters, with an average year-over-year change of +0.61 percentage points.
- The fastest year-over-year change in Operating Margin over five years came in fiscal Q3 2023 (a gain of 10.30 percentage points), and the weakest in fiscal Q1 2026 (a drop of 4.51 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn | 34.82% |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn | 11.93% |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn | 5.64% |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn | 29.28% |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn | 24.61% |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn | -31.69% |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn | 26.10% |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn | 14.88% |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn | 7.65% |
| 10 | Box | 4.30 Bn | 1.89 Bn | 253.97 Mn | 10.16% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 10.16% |
| 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% |
API Access
Box Operating Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-margin&ticker=BOX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "ticker": "BOX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-margin&ticker=BOX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();