| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 305.94 | 10.7% |
| Total Income | 305.94 | 10.7% |
| Expenditure | 278.50 | 3.2% |
| PBT | 27.51 | 109.4% |
| Net Profit | 17.73 | 116.5% |
| OPM | 8.97% | 6.68pp |
| NPM | 5.79% | 2.83pp |
| EPS | 0.09 | 350.0% |
Box Reports Q1 FY27 Revenue $306 Million, Up 11% Y-o-Y
27 May 2026 · 27 May, 1:42 am
Summary
Box, Inc. announced its financial results for the first quarter of fiscal year 2027, reporting revenue of $305.9 million, an 11% increase year-over-year. Remaining performance obligations grew by 12% to $1.6 billion. The company's GAAP operating margin was 9%, and non-GAAP operating margin was 27.7%. Box expects revenue for full year FY27 to be approximately $1.280 billion, representing a 9% increase year-over-year.
Key Highlights
- 1
Box reported revenue of $305.9 million for the first quarter of fiscal year 2027, an increase of 11% year-over-year.
- 2
Remaining performance obligations reached $1.6 billion, up 12% year-over-year.
- 3
The company's GAAP operating margin was 9%, while the non-GAAP operating margin was 27.7%.
- 4
GAAP net income per share was $0.08, and non-GAAP net income per share was $0.37.
- 5
Billings totaled $255.4 million, representing a 5% increase year-over-year.
- 6
Box repurchased 4.8 million shares for approximately $114 million in the first quarter of fiscal year 2027.
- 7
The company expects full year FY27 revenue to be approximately $1.280 billion, up 9% year-over-year.
Management Comments
Aaron Levie
“Box delivered a strong start to FY27 as organizations are increasingly turning to our Intelligent Content Management platform to unlock more value from their unstructured data with AI,” said Aaron Levie, co-founder and CEO of Box. “Customers are adopting Enterprise Advanced to manage and connect their organization’s unique content to AI agents allowing them to securely build intelligent workflows, automate work, and accelerate decision-making at scale. We are continuing to innovate rapidly across our platform and are excited by the opportunity ahead as we remain at the center of customers’ broader AI ecosystems.”
Dylan Smith
“We delivered robust first quarter results, exceeding our guidance on revenue, billings, operating margin and net retention rate," said Dylan Smith, co-founder and CFO of Box. “Continued customer adoption of Enterprise Advanced and our Box AI solutions are driving accelerating revenue growth and expanding operating margins. We remain focused on executing against the significant opportunity in front of us and on delivering long-term value for our shareholders.”
Informational and educational content only. Not investment advice.