Box (BXCAP) Operating Expenses (2014 - 2026)
Box posted quarterly Operating Expenses of $213.8 million for Q1 2026, up 5.42% year-on-year from $202.8 million in Q1 2025, and little changed on a QoQ basis from $214.5 million in Q4 2025.
Box (BXCAP) has 13 years of Operating Expenses data on file, last reported at $213.8 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses rose 5.42% year-over-year to $213.8 million; the trailing twelve-month figure through Jan 2026 stood at $849.4 million (up 8.57% YoY), and the FY2026 full-year result was $849.4 million, up 8.57% from the prior year.
- Operating Expenses for Q1 2026 stood at $213.8 million, roughly flat from $214.5 million in the prior quarter.
- Across five years, Operating Expenses topped out at $214.5 million in Q4 2025 and bottomed at $168.8 million in Q1 2022.
- The 5-year median for Operating Expenses is $184.5 million (2023), against an average of $189.9 million.
- Peak annual rise in Operating Expenses reached 17.59% in 2022, while the deepest fall reached 0.02% in 2022.
- A 5-year view of Operating Expenses shows it stood at $172.1 million in 2022, then increased by 5.13% to $180.9 million in 2023, then rose by 8.85% to $196.9 million in 2024, then rose by 8.9% to $214.5 million in 2025, then retreated 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,425.08 Bn | 3,346.81 Bn | 56.06 Bn | 10.85 Bn |
| 2 | Oracle | 712.03 Bn | 673.46 Bn | 15.14 Bn | 11.73 Bn |
| 3 | Palantir Technologies | 384.58 Bn | 376.66 Bn | 1.42 Bn | 662.79 Mn |
| 4 | Palo Alto Networks | 208.80 Bn | 204.26 Bn | 1.91 Bn | 1.51 Bn |
| 5 | CrowdStrike Holdings | 195.63 Bn | 192.58 Bn | 993.68 Mn | 979.89 Mn |
| 6 | Fortinet | 108.69 Bn | 105.40 Bn | 1.49 Bn | 905.10 Mn |
| 7 | Cloudflare | 95.27 Bn | 94.32 Bn | 455.60 Mn | 517.59 Mn |
| 8 | Synopsys | 93.41 Bn | 93.30 Bn | 1.77 Bn | 1.57 Bn |
| 9 | CoreWeave | 65.84 Bn | 63.57 Bn | 2.01 Bn | 2.22 Bn |
| 10 | Box | - | - | 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 |
| Jan 31, 2021 | 143.59 Mn |
| Oct 31, 2020 | 141.81 Mn |
| Jul 31, 2020 | 144.47 Mn |
| Apr 30, 2020 | 153.81 Mn |
| Jan 31, 2020 | 155.45 Mn |
| Oct 31, 2019 | 160.09 Mn |
| Jul 31, 2019 | 154.95 Mn |
| Apr 30, 2019 | 149.67 Mn |
| Jan 31, 2019 | 138.21 Mn |
| Oct 31, 2018 | 150.68 Mn |
| Jul 31, 2018 | 142.84 Mn |
| Apr 30, 2018 | 137.30 Mn |
| Jan 31, 2018 | 133.89 Mn |
| Oct 31, 2017 | 137.39 Mn |
| Jul 31, 2017 | 129.16 Mn |
| Apr 30, 2017 | 124.48 Mn |
| Jan 31, 2017 | 116.77 Mn |
| Oct 31, 2016 | 113.45 Mn |
| Jul 31, 2016 | 106.03 Mn |
| Apr 30, 2016 | 100.89 Mn |
| Jan 31, 2016 | 108.87 Mn |
| Oct 31, 2015 | 110.05 Mn |
| Jul 31, 2015 | 102.59 Mn |
| Apr 30, 2015 | 95.10 Mn |
| Jan 31, 2015 | 93.78 Mn |
| Oct 31, 2014 | 89.28 Mn |
| Jul 31, 2014 | 78.88 Mn |
| Apr 30, 2014 | 73.88 Mn |