What is Box's net margin?

Box (BOX) reported net margin of 10.3% in Q1 2026.

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

Box's net margin decreased by 51.6% year-over-year, from 21.4% to 10.3%.

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

Over 5 years (2020 to 2025), Box's net margin has grown at a 11.7% compound annual growth rate (CAGR), from -5.6% to 9.8%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Box BOX Net margin

Net margin at other companies

MicrosoftMSFT

39.3%+3.6pp

Open TextOTEX

9.9%-2.6pp

DocuSignDOCU

9.6%-26.9pp

DropboxDBX

18.7%+0.2pp

Cloudflare, Inc.NET

-3.7%-0.6pp

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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Gross margin79.6%+0.5pp

Operating margin8.6%+2.5pp

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.

net income/total revenue=10.3%

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 net margin?: Box (BOX) reported net margin of 10.3% in Q1 2026.
How has Box's net margin changed year-over-year?: Box's net margin decreased by 51.6% year-over-year, from 21.4% to 10.3%.
What is the long-term trend for Box's net margin?: Over 5 years (2020 to 2025), Box's net margin has grown at a 11.7% compound annual growth rate (CAGR), from -5.6% to 9.8%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.