What is Box's gross margin?

Box (BOX) reported gross margin of 79.6% in Q1 2026.

How has Box's gross margin changed year-over-year?

Box's gross margin increased by 0.6% year-over-year, from 79.1% to 79.6%.

What is the long-term trend for Box's gross margin?

Over 5 years (2020 to 2025), Box's gross margin has grown at a 2.3% compound annual growth rate (CAGR), from 70.8% to 79.2%.

What does gross margin mean?

Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.

Box BOX Gross margin

Gross margin at other companies

MicrosoftMSFT

68.3%-0.8pp

Open TextOTEX

73.1%+0.8pp

DocuSignDOCU

79.4%+0.2pp

DropboxDBX

79.7%-2.3pp

Cloudflare, Inc.NET

73.3%-3.6pp

Alphabet Inc.GOOGL

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Other financials

Income statement

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Revenue$305.9M+10.7%

Gross profit$243.2M+12.8%

Operating income$27.4M+333%

Net income$17.7M+116%

EPS (diluted)$0.08+300%

Balance sheet

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Cash & equivalents$378.8M-45.1%

Total debt$563.7M-25.0%

Total equity-$338.4M-20.8%

Total assets$1.4B-13.4%

Cash flow

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Operating cash flow$140.2M+10.3%

CapEx$1.3M+309%

Free cash flow$138.9M+9.6%

Valuation

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Market cap$3.44B-24.3%

Enterprise value$3.63B-21.2%

P/E27.6×+8.3×

P/S2.9×-1.3×

Profitability

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Operating margin8.6%+2.5pp

Net margin10.3%-11.0pp

FCF margin30%+0.4pp

Returns & leverage

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Return on equity-39.2%—

Debt / equity5.9×—

Current ratio1.1×-0.1×

Where this comes from

Calculated from Box’s reported figures.

gross profit/total revenue=79.6%

Based on trailing twelve months.

The official record: Box’s 10-Q, filed May 27, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Box's gross margin?: Box (BOX) reported gross margin of 79.6% in Q1 2026.
How has Box's gross margin changed year-over-year?: Box's gross margin increased by 0.6% year-over-year, from 79.1% to 79.6%.
What is the long-term trend for Box's gross margin?: Over 5 years (2020 to 2025), Box's gross margin has grown at a 2.3% compound annual growth rate (CAGR), from 70.8% to 79.2%.
What does gross margin mean?: Gross profit (revenue minus cost of revenue) as a percentage of revenue, on a trailing-twelve-month basis. Measures how much of each sales dollar survives the direct cost of producing the goods or services sold.