NYSE$BOX

Box Inc · Q4 2026 earnings

Q4 2026 earnings · · After market close · Investor relations

Briefing

Box reported Q4 FY26 revenue of $305.9M with GAAP diluted EPS of $0.47 and non-GAAP EPS of $0.49.

Fourth-quarter revenue rose 9% to $305.9 million (8% constant currency). GAAP operating income was $31.2 million (10.2% margin); non-GAAP operating income was $93.7 million (30.6%). GAAP diluted EPS was $0.47 and non-GAAP EPS $0.49, both benefiting from tax items. Full-year revenue was $1.177 billion (+8%). Management guided FY27 revenue of about $1.275 billion with non-GAAP EPS of about $1.55.

  • Q4 revenue $305.9M (+9%); record GAAP and non-GAAP gross margins.
  • Enterprise Advanced at 10% of revenue within months of launch.
  • FY26 revenue $1.18B; improving net retention rate.
  • Cash flow and deferred revenue support subscription model.
  • FY27 guide implies continued high-single-digit growth.

Headline financials

Total Revenue

$306M

Previous: $280M+9.4%
EPS (adj)

$0.49

Previous: $1.12-56.3%
Revenue growth

9.0%

No prior period
GAAP operating margin

10.2%

No prior period
Non-GAAP operating margin

30.6%

No prior period
Remaining performance obligations

$1.71B

No prior period
Billings

$420M

No prior period
Operating cash flow

$110M

No prior period
Non-GAAP free cash flow

$97.5M

No prior period
Net Income

$81.7M

Previous: $168M-51.4%
Operating Income

$31.2M

Previous: $17.9M+74.0%
Gross Profit

$245M

Previous: $221M+11.0%

Revenue & EPS history

Box · Revenue · Quarterly

$306M

Q4 2026+9.4%vs Q4 2025
Beat estimate in 5 of 13 quarters(38%)
ActualEstimate

Forward guidance

Q1 FY27 revenue ~$304M (+10% YoY); FY27 revenue ~$1.275B (+8%) with non-GAAP EPS ~$1.55.

Tailwinds

  • Intelligent Content Management and AI workflow demand.
  • Operating margin expansion on scale.
  • Enterprise Advanced adoption ahead of plan.

Headwinds

  • GAAP EPS aided by non-recurring tax benefits.
  • Competitive cloud content market.
  • FX headwind in FY27 guide.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2026

Historical avgQ4 2026

+0.1%

Avg return

Earnings day

-0.2%

Avg return

5 days after

-1.6%

Avg return

30 days after

51%

23 / 45 earnings

Positive

+17.1%

Q1 2026

Best reaction

-23.2%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2027-3.8%+12.4%
Q4 2026+10.0%+6.4%+0.4%
Q3 2026+6.6%+3.6%-4.4%
Q2 2026+4.4%+4.7%+3.9%
Q1 2026+17.1%+21.2%+8.1%
Q4 2025-3.2%-3.9%-10.9%
Q2 2025+11.4%-0.2%-0.6%
Q1 2025+7.6%+2.8%-2.8%
Q4 2024+6.2%+6.3%-0.9%
Q3 2024-9.5%-9.5%-8.0%
Q2 2024-11.5%-12.9%-20.2%
Q1 2024+1.6%+4.7%+5.9%
Q4 2023-12.3%-14.9%-19.7%
Q3 2023+7.3%+3.4%+14.3%
Q2 2023-3.8%-9.6%-16.8%
Q1 2023+8.1%+5.4%+5.0%
Q4 2022+4.9%+4.6%+13.8%
Q3 2022+6.8%+6.7%+10.8%
Q2 2022-2.8%-1.0%-2.4%
Q1 2022+0.6%+3.5%+8.8%
Q4 2021-1.6%-2.2%+26.4%
Q3 2021-9.5%-9.4%-3.4%
Q2 2021+12.3%+8.9%-3.4%
Q1 2021-0.2%-0.8%+10.0%
Q4 2020+1.6%+12.3%-10.8%
Q3 2020+13.1%+10.7%+4.7%
Q2 2020+3.3%+6.9%+16.7%
Q1 2020-7.1%-5.8%-4.9%
Q4 2019-16.8%-19.8%-20.6%
Q3 2019+4.1%+10.3%-2.9%
Q2 2019-8.8%-5.5%-9.3%
Q1 2019-5.8%-4.2%-8.3%
Q4 2018-23.2%-21.7%-14.4%
Q3 2018-7.7%-13.3%-7.3%
Q2 2018+1.8%-1.1%+0.2%
Q1 2018+10.3%+3.1%-1.8%
Q4 2017-4.7%-5.2%-7.4%
Q3 2017-1.5%-3.7%-9.4%
Q2 2017+5.0%+6.2%+18.3%
Q1 2017-9.7%-6.7%-17.8%
Q4 2016+5.5%
Q3 2016-3.6%
Q2 2016-0.3%
Q1 2016+8.1%
Q4 2015-7.3%
Q3 2015
Q2 2014
Q1 2015
Q4 2014
Q3 2013
Q1 2013
Q4 2012

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