Box, Inc. (BOX) Income Statement
BOX FY2026 at a glance
Fiscal year ended January 31, 2026 · U.S. dollarsBOX revenue and net income
Where BOX's revenue goes
FY2026Each bar shows an amount and its share of revenue. BOX kept 8.6% of revenue as net income.
BOX profit margins
BOX growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +8.0% | +5.9% | +8.8% | +14.5% |
| Gross profit | +8.2% | +8.1% | +11.3% | +15.8% |
| Operating income | +4.5% | +31.2% | — | — |
| Net income | −58.6% | +55.8% | — | — |
| EPS (diluted) | −15.9% | +6.3% | +15.4% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BOX quarterly EPS vs estimates
Box beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: December 1, 2026 (estimate $0.09).
BOX income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.18B | $1.09B | $1.04B | $990.9M | $874.3M | $770.8M | $696.3M | $608.4M | $506.1M | $398.6M |
| Cost of revenue | $244.6M | $228.1M | $260.6M | $252.6M | $249.5M | $224.7M | $215.6M | $173.6M | $135.2M | $112.1M |
| Gross profit | $932.6M | $862.0M | $777.1M | $738.3M | $624.8M | $546.0M | $480.7M | $434.8M | $370.9M | $286.5M |
| Research & development | $294.5M | $264.9M | $248.8M | $243.5M | $218.5M | $201.3M | $199.8M | $163.8M | $136.8M | $115.9M |
| Sales, general & admin | $554.9M | $517.5M | $477.6M | $457.9M | $434.0M | $382.4M | $420.4M | $405.3M | $388.1M | $321.2M |
| Total operating expenses | $849.4M | $782.4M | $726.4M | $701.5M | $652.5M | $583.7M | $620.2M | $569.0M | $524.9M | $437.1M |
| Operating income | $83.2M | $79.6M | $50.8M | $36.8M | −$27.6M | −$37.6M | −$139.5M | −$134.2M | −$154.0M | −$150.7M |
| Interest income | $24.7M | $23.7M | $18.7M | $2.4M | $9.8M | $7.0M | $2.3M | $316,000 | $1.0M | $896,000 |
| Interest expense | $10.7M | $6.1M | $3.8M | $4.9M | $9.8M | $7.0M | $2.3M | $316,000 | $1.0M | $896,000 |
| Income before taxes | $98.7M | $85.2M | $62.6M | $34.4M | −$37.5M | −$42.2M | −$142.9M | −$133.2M | −$154.2M | −$150.9M |
| Income taxes | −$16.7M | −$159.5M | −$66.4M | $7.6M | $4.0M | $1.2M | $1.4M | $1.4M | $715,000 | $914,000 |
| Net income | $101.3M | $244.6M | $129.0M | $26.8M | −$41.5M | −$43.4M | −$144.3M | −$134.6M | −$155.0M | −$151.8M |
| EBITDA | $136.5M | $113.3M | $113.8M | $105.3M | $50.6M | $37.8M | −$80.0M | −$86.6M | −$111.4M | −$109.8M |
| EPS (diluted) | $1.43 | $1.70 | $1.46 | $1.19 | $0.85 | $0.70 | −$0.22 | −$0.12 | −$0.43 | −$0.56 |
| Gross margin | 79.2% | 79.1% | 74.9% | 74.5% | 71.5% | 70.8% | 69.0% | 71.5% | 73.3% | 71.9% |
| Operating margin | 7.1% | 7.3% | 4.9% | 3.7% | −3.2% | −4.9% | −20.0% | −22.1% | −30.4% | −37.8% |
| Net margin | 8.6% | 22.4% | 12.4% | 2.7% | −4.7% | −5.6% | −20.7% | −22.1% | −30.6% | −38.1% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $321.1M | $305.9M | $305.9M | $301.1M | $294.0M | $276.3M | $279.5M | $275.9M | $270.0M | $264.7M | $262.9M | $261.5M |
| Cost of revenue | $67.2M | $62.7M | $60.9M | $61.6M | $61.5M | $60.7M | $58.8M | $55.6M | $55.5M | $58.3M | $62.7M | $69.2M |
| Gross profit | $254.0M | $243.2M | $245.0M | $239.5M | $232.5M | $215.6M | $220.7M | $220.4M | $214.5M | $206.4M | $200.2M | $192.3M |
| Research & development | $78.4M | $75.9M | $76.6M | $73.9M | $71.7M | $72.3M | $68.9M | $67.9M | $65.4M | $62.7M | $61.9M | $61.0M |
| Sales, general & admin | $142.9M | $139.9M | $137.2M | $140.5M | $140.2M | $137.0M | $133.9M | $129.1M | $128.8M | $125.7M | $117.1M | $119.9M |
| Total operating expenses | $221.3M | $215.8M | $213.8M | $214.5M | $211.9M | $209.3M | $202.8M | $196.9M | $194.2M | $188.4M | $179.0M | $180.9M |
| Operating income | $32.6M | $27.4M | $31.2M | $25.1M | $20.6M | $6.3M | $17.9M | $23.4M | $20.3M | $18.0M | $21.2M | $11.4M |
| Interest income | $2.8M | $3.0M | $5.1M | $6.2M | $6.7M | $6.7M | $21.3M | $4.0M | $4.7M | $5.7M | — | $1.8M |
| Interest expense | $2.4M | $2.4M | $2.6M | $2.7M | $2.7M | $2.7M | $2.9M | $6.1M | $796,000 | $805,000 | $4.4M | $1.8M |
| Income before taxes | $31.9M | $27.5M | $34.4M | $27.4M | $23.7M | $13.1M | $21.0M | $17.3M | $25.0M | $21.9M | $25.6M | $13.2M |
| Income taxes | $12.6M | $9.8M | −$47.2M | $15.3M | $10.3M | $5.0M | −$173.0M | $4.4M | $4.5M | $4.6M | −$73.7M | $2.5M |
| Net income | $19.2M | $17.7M | $68.5M | $11.2M | $13.4M | $8.2M | $194.0M | $12.9M | $20.5M | $17.2M | $99.2M | $10.7M |
| EBITDA | $44.2M | $39.2M | $46.4M | $39.1M | $34.2M | $22.7M | $35.7M | $29.3M | $30.3M | $26.6M | $37.8M | $27.7M |
| EPS (diluted) | $0.05 | $0.37 | $0.49 | $0.31 | $0.33 | $0.30 | $0.42 | $0.45 | $0.44 | $0.39 | $0.42 | $0.36 |
| Gross margin | 79.1% | 79.5% | 80.1% | 79.6% | 79.1% | 78.0% | 79.0% | 79.9% | 79.4% | 78.0% | 76.1% | 73.5% |
| Operating margin | 10.2% | 9.0% | 10.2% | 8.3% | 7.0% | 2.3% | 6.4% | 8.5% | 7.5% | 6.8% | 8.1% | 4.4% |
| Net margin | 6.0% | 5.8% | 22.4% | 3.7% | 4.6% | 3.0% | 69.4% | 4.7% | 7.6% | 6.5% | 37.7% | 4.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BOX's financial statements (latest annual report filed March 9, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BOX financial results
In fiscal year 2026 (ended January 31, 2026), Box reported revenue of $1.2 billion, up 8.0% from the year before. It had net income of $101.3 million (down 58.6%), a net profit margin of 8.6%. Diluted earnings per share came to $1.43. Over five years revenue grew at an average rate of 8.8% a year.
See the BOX stock overview for the latest quote and news, or the BOX chart for price history and technical indicators.
BOX income statement FAQ
What is Box's annual revenue?
Box reported total revenue of $1.2 billion for fiscal year 2026, which ended on January 31, 2026. That was up 8.0% from $1.1 billion the previous year.
Is Box profitable?
Yes. Box reported net income of $101.3 million in fiscal 2026, a net profit margin of 8.6%; its operating margin was 7.1%.
What is Box's gross margin?
Box's gross margin was 79.2% in fiscal 2026: for every $100 of revenue, Box kept $79 after the direct cost of its products and services.
How much does Box spend on research and development?
Box spent $294.5 million on research and development in fiscal 2026, 25.0% of revenue.
How fast is Box growing?
Revenue grew 8.8% a year on average over the last five fiscal years, from $770.8 million to $1.2 billion.
What are Box's earnings per share?
Box earned $1.43 per diluted share in fiscal 2026, compared with $1.70 a year earlier.
When will Box report its next earnings?
Box is expected to report results for the quarter ending October 31, 2026 on December 1, 2026 after the market closes.
When does Box's fiscal year end?
Box's fiscal year ends in January. The latest annual report covers the year ended January 31, 2026 and was filed on March 9, 2026.