BOX Box margins

Relative Growth: Rel. Growth: 66

Relative Strength: Rel. Strength: 94

Relative Valuation: Rel. Valuation: 16

Relative Profitability: Rel. Profitability: 46

Gross margin

79.5%

Operating margin

9.4%

EBITDA margin

13.7%

Net margin

10.6%

Using the latest TTM figures, Box shows a gross margin of 79.5%, an operating margin of 9.4%, an EBITDA margin of 13.7%, and a net margin of 10.6%. Margin expansion was strongest in EBITDA margin, which gained by 3.8 percentage points. Net margin had the strongest contraction, dropping by 9.7 percentage points.

BOX margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Box recorded average margins of 77.91% gross, 6.73% operating, 11.59% EBITDA, and 14.41% net. Box's current performance shows that gross, operating, and EBITDA margins are above their three-year averages and net margin is below its three-year average.

BOX margin expansion

Year-over-year margin changes in percentage points

Gross margin expanded by 0.5 percentage points, operating margin by 3.3 percentage points, and EBITDA margin by 3.8 percentage points, but net margin contracted by 9.7 percentage points.

Gross margin expansion

0.5pp

Operating margin expansion

3.3pp

EBITDA margin expansion

3.8pp

Net margin expansion

-9.7pp

BOX Gross margin

Across the last 3 years, Box's gross margin averaged 77.91%. Box currently reports a gross margin of 79.5%, 1.6 percentage points above its three-year average. Gross margin was highest at 79.6% in Apr 2026 and lowest at 74.9% in Oct 2023.

BOX Operating margin

Box's operating margin averaged 6.73% during the last 3 years. The current operating margin stands at 9.4%, 2.7 percentage points above its three-year average. Over the last 3 years, Box's operating margin peaked at 9.4% in Jul 2026 and reached a low of 4.8% in Oct 2023.

BOX EBITDA margin

Box recorded an average EBITDA margin of 11.59% across the last 3 years. Right now, the current EBITDA margin for Box is 13.7%, 2.1 percentage points above its three-year average. The EBITDA margin for Box moved between 9.9% in Apr 2025 and 13.7% in Jul 2026.

BOX Net margin

Looking back over the last 3 years, Box recorded an average net margin of 14.41%. Compared with its three-year average, Box's current net margin is 10.6% and is 3.8 percentage points below its three-year average. The highest net margin for Box was 22.4% in Jan 2025, while the lowest was 4.9% in Oct 2023.

BOX margin group comparison

Margins compared with peer-group, industry and sector averages

Box's gross margin of 79.5% is above the Technology sector, the industry and its peers average. Looking at its Technology sector average of 52.2%, Box's gross margin is 52% higher.

BOX margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Box's gross margin?

The current gross margin for BOX is 79.5% as of Jul 31, 2026.

What is Box's operating margin?

The current operating margin for BOX is 9.4% as of Jul 31, 2026.

What is Box's EBITDA margin?

For the period ending Jul 31, 2026, BOX recorded an EBITDA margin of 13.7%.

What is Box's net margin?

For the period ending Jul 31, 2026, BOX recorded a net margin of 10.6%.

What are the average margins of BOX?

Over the past 3 years, BOX reported average margins of 77.9% gross, 6.7% operating, 11.6% EBITDA, and 14.4% net.

What are the highest historical margins of BOX?

Looking back across 5 years, BOX reached 79.6% gross in Apr 2026, 9.4% operating in Jul 2026, 13.7% EBITDA in Jul 2026, and 22.4% net in Jan 2025.

What are the lowest historical margins of BOX?

Within the 5-year period, BOX recorded its lowest margins at 71% gross in Oct 2021, -3.7% operating in Oct 2021, 5.7% EBITDA in Oct 2021, and -5% net in Oct 2021.