| Metric | Value ($ M) | Q2 FY26 | Q3 FY25 |
|---|---|---|---|
| Revenue | 301.11 | 2.4% | 9.1% |
| Total Income | 301.11 | 2.4% | 9.1% |
| Expenditure | 276.04 | 1.0% | 9.3% |
| PBT | 27.40 | 15.4% | 58.5% |
| Net Profit | 12.07 | 10.3% | 6.4% |
| OPM | 8.32% | 1.33pp | 0.16pp |
| NPM | 4.01% | 0.57pp | 0.67pp |
| EPS | 0.05 | 16.7% | 0.0% |
Box Reports Q3 FY26 Revenue Up 9% to $301 Million
04 May 2026 · 4 May, 7:00 am
Summary
Box, Inc. announced its financial results for the third quarter of fiscal year 2026, which ended October 31, 2025. Revenue for the quarter was $301.1 million, up 9% year-over-year. The company's remaining performance obligations (RPO) increased by 18% to $1.5 billion. GAAP operating margin was 8.3%, and non-GAAP operating margin was 28.6%. The Board of Directors authorized an expansion of its stock repurchase program by an additional $150 million.
Key Highlights
- 1
Box's revenue reached $301.1 million, reflecting a 9% increase year-over-year, or 8% on a constant currency basis.
- 2
Remaining performance obligations (RPO) totaled $1.5 billion, up 18% year-over-year, or 19% on a constant currency basis.
- 3
GAAP operating margin was 8.3%, while non-GAAP operating margin reached 28.6%.
- 4
GAAP diluted earnings per share (EPS) stood at $0.05, flat year-over-year, impacted by unfavorable foreign exchange rates and non-cash deferred tax expenses.
- 5
Non-GAAP diluted EPS was $0.31, compared to $0.45, impacted by unfavorable foreign exchange rates and non-cash deferred tax expenses.
- 6
Net cash provided by operating activities increased by 17% to $73.0 million.
- 7
The company's board authorized an expansion of its stock repurchase program by an additional $150 million.
Management Comments
Aaron Levie
“Our strong third quarter performance proves how quickly enterprises are embracing Box as their AI-powered Intelligent Content Management platform,” said Aaron Levie, co-founder and CEO of Box. “Enterprises want one platform that brings together security, compliance, collaboration and AI. The power of Box is that customers can have a single agentic platform for managing and working with their unstructured data, leverage all of the leading AI models, and have integration across their tech stack.”
Dylan Smith
“Q3 results demonstrate strong execution, with revenue and billings above our guidance,” said Dylan Smith, co-founder and CFO of Box. “Box AI and Enterprise Advanced adoption are driving consistent price per seat increases and seat expansion, resulting in an improvement in our Q3 net retention rate to 104%. Our strategic investments in our sales and marketing programs and product roadmap are paying off, as we drive profitable growth and consistently return capital to our shareholders.”
Informational and educational content only. Not investment advice.