Box profit margin BOX
Gross, operating and net profit as a share of revenue over the last twelve months, from 2015.
- Net margin, 12 months
- 10.6%
- Operating margin, 12 months
- 9.4%
- Net margin on a year earlier
- −9.7 pts
- Peer median
- 12.3%
Over the twelve months to Jul 31, 2026, Box kept 10.6% of its revenue as net profit, with an operating margin of 9.4% and a gross margin of 79.5%.
Five years earlier its net margin was −4.1%.
The median for 10 infrastructure software stocks of a similar size is 12.3%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | 9.8% | 7.1% | 79.2% |
| FY2025 | 22.4% | 7.3% | 79.1% |
| FY2024 | 12.4% | 4.9% | 74.9% |
| FY2023 | 2.7% | 3.7% | 74.5% |
| FY2022 | −4.7% | −3.2% | 71.5% |
| FY2021 | −5.6% | −4.9% | 70.8% |
| FY2020 | −20.7% | −20.0% | 69.0% |
| FY2019 | −22.1% | −22.1% | 71.5% |
| FY2018 | −30.6% | −30.4% | 73.3% |
| FY2017 | −38.1% | −37.8% | 71.9% |
| FY2016 | −67.0% | −66.4% | 71.2% |
| FY2015 | −77.7% | −77.0% | 78.2% |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY27 | 10.6% | −9.7 pts | 9.4% | |
| Q1 FY27 | 10.3% | −11.0 pts | 8.6% | |
| Q4 FY26 | 9.8% | −12.6 pts | 7.1% | |
| Q3 FY26 | 19.8% | +5.8 pts | 6.1% | |
| Q2 FY26 | 20.3% | +6.4 pts | 6.1% | |
| Q1 FY26 | 21.4% | +8.3 pts | 6.2% | |
| Q4 FY25 | 22.4% | +10.0 pts | 7.3% | |
| Q3 FY25 | 14.0% | +9.1 pts | 7.7% | |
| Q2 FY25 | 13.9% | +9.1 pts | 6.7% | |
| Q1 FY25 | 13.1% | +9.2 pts | 5.8% | |
| Q4 FY24 | 12.4% | +9.7 pts | 4.9% | |
| Q3 FY24 | 4.9% | +4.7 pts | 4.8% |
Against its peers
Companies in Software - Infrastructure nearest Box's size, closest first, today.
| Company | Profit margin |
|---|---|
| BOXBox | 10.6% |
| SAICScience Applications International | 5.1% |
| YOUClear Secure | 14.8% |
| ACIWACI Worldwide | 12.4% |
| WAYWaystar | 11.2% |
| PSNParsons | 2.5% |
| BBBLACKBERRY | 13.1% |
| OTEXOpen Text | 12.3% |
| CVLTCommvault Systems | 5.6% |
| PATHUiPath | 21.0% |
| APPFAppfolio | 15.1% |
| Peer median | 12.3% |
Where Box ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Box
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.