Box (BXCAP) Gross Margin (2014 - 2026)
Box posted quarterly Gross Margin of 80.1% for Q1 2026, up 113.0% year-on-year from 37.6% in Q1 2025, and up 0.69% on a QoQ basis from 79.55% in Q4 2025.
Box (BXCAP) has 13 years of Gross Margin data on file, last reported at 80.1% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 113.0% year-over-year to 80.1%; the trailing twelve-month figure through Jan 2026 stood at 79.22% (up 14.0% YoY), and the FY2026 full-year result was 79.22%, up 14.0% from the prior year.
- Gross Margin for Q1 2026 stood at 80.1%, up from 79.55% in the prior quarter.
- Across five years, Gross Margin topped out at 80.1% in Q1 2026 and bottomed at 72.28% in Q1 2022.
- The 5-year median for Gross Margin is 76.21% (2023), against an average of 76.64%.
- The widest annual swing landed in 2023, when Gross Margin slumped 67 bps; it then soared 633 bps in 2024.
- A 5-year view of Gross Margin shows it stood at 74.2% in 2022, then slipped by 1 bps to 73.53% in 2023, then gained by 9 bps to 79.86% in 2024, then fell by 0 bps to 79.55% in 2025, then gained by 1 bps to 80.1% in 2026.
- The last three Gross Margin figures came in at 80.1% (Q1 2026), 79.55% (Q4 2025), and 79.07% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,425.08 Bn | 3,346.81 Bn | 56.06 Bn | 67.63% |
| 2 | Oracle | 712.03 Bn | 673.46 Bn | 15.14 Bn | 88.06% |
| 3 | Palantir Technologies | 384.58 Bn | 376.66 Bn | 1.42 Bn | 86.78% |
| 4 | Palo Alto Networks | 208.80 Bn | 204.26 Bn | 1.91 Bn | 73.59% |
| 5 | CrowdStrike Holdings | 195.63 Bn | 192.58 Bn | 993.68 Mn | 76.12% |
| 6 | Fortinet | 108.69 Bn | 105.40 Bn | 1.49 Bn | 80.29% |
| 7 | Cloudflare | 95.27 Bn | 94.32 Bn | 455.60 Mn | 71.21% |
| 8 | Synopsys | 93.41 Bn | 93.30 Bn | 1.77 Bn | 73.54% |
| 9 | CoreWeave | 65.84 Bn | 63.57 Bn | 2.01 Bn | 96.68% |
| 10 | Box | - | - | 245.00 Mn | 80.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 80.10% |
| Oct 31, 2025 | 79.55% |
| Jul 31, 2025 | 79.07% |
| Apr 30, 2025 | 78.04% |
| Jan 31, 2025 | 78.97% |
| Oct 31, 2024 | 79.86% |
| Jul 31, 2024 | 79.44% |
| Apr 30, 2024 | 77.99% |
| Jan 31, 2024 | 76.14% |
| Oct 31, 2023 | 73.53% |
| Jul 31, 2023 | 74.37% |
| Apr 30, 2023 | 75.53% |
| Jan 31, 2023 | 76.21% |
| Oct 31, 2022 | 74.20% |
| Jul 31, 2022 | 73.64% |
| Apr 30, 2022 | 73.91% |
| Jan 31, 2022 | 72.28% |
| Oct 31, 2021 | 71.85% |
| Jul 31, 2021 | 71.66% |
| Apr 30, 2021 | 69.89% |
| Jan 31, 2021 | 70.54% |
| Oct 31, 2020 | 71.01% |
| Jul 31, 2020 | 71.22% |
| Apr 30, 2020 | 70.58% |
| Jan 31, 2020 | 69.10% |
| Oct 31, 2019 | 68.22% |
| Jul 31, 2019 | 68.78% |
| Apr 30, 2019 | 70.13% |
| Jan 31, 2019 | 71.17% |
| Oct 31, 2018 | 71.32% |
| Jul 31, 2018 | 71.26% |
| Apr 30, 2018 | 72.19% |
| Jan 31, 2018 | 74.19% |
| Oct 31, 2017 | 73.34% |
| Jul 31, 2017 | 73.34% |
| Apr 30, 2017 | 72.08% |
| Jan 31, 2017 | 73.11% |
| Oct 31, 2016 | 73.63% |
| Jul 31, 2016 | 71.16% |
| Apr 30, 2016 | 69.10% |
| Jan 31, 2016 | 69.78% |
| Oct 31, 2015 | 69.96% |
| Jul 31, 2015 | 71.90% |
| Apr 30, 2015 | 73.86% |
| Jan 31, 2015 | 76.54% |
| Oct 31, 2014 | 78.06% |
| Jul 31, 2014 | 78.93% |
| Apr 30, 2014 | 79.64% |