Filing Flows › Box (BOX) › Q2 FY26
Box (BOX) Q2 FY26 earnings results (second quarter fiscal 2026)
10-Q filed Aug 27, 2025
Box (BOX) reported revenue of $294M for the second quarter fiscal 2026 (Q2 FY26), +9% from a year earlier and +6% from the quarter before. Operating margin was 7.0%, net earnings $13.4M (4.6% of revenue).
Box, Q2 FY26: revenue $294M (+9% year over year), operating margin 7.0%, net earnings $13.4M, operating cash flow $46.0M. The chart follows the revenue to costs, profit and cash.
| Q2 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $294M | +6% | +9% |
| Gross profit | $232M | +8% | +8% |
| Operating profit | $20.6M | +225% | +1% |
| Net earnings | $13.4M | +64% | -34% |
| Operating cash flow | $46.0M | -64% | +27% |
| Free cash flow | $43.9M | -65% | +22% |
What changed
Revenue was $294.0M in Q2 FY26, up 9% year over year and up 6% from the previous quarter.
Gross margin was 79.1%, down 0.4 points from a year earlier. Operating profit was $20.6M, a 7.0% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 1% reached operating profit, below the 8% margin then. Operating expenses grew 9% against revenue growth of 9%. The fastest-growing cost line was General & admin (+13%). Net earnings were $13.4M, down 34% year over year. The effective tax rate was 43.4%.
Operating cash flow was $46.0M (up 27% year over year), 342% of net earnings. Non-cash charges added back $7.7M of depreciation and amortization and $60.8M of share-based compensation. Working capital and other items used $36.0M. Capital expenditures of $2.1M left free cash flow of $43.9M.
Questions
What was Box's revenue in the second quarter fiscal 2026?
Box (BOX) reported revenue of $294M for the second quarter fiscal 2026 (Q2 FY26), +9% from a year earlier and +6% from the quarter before.
Was Box profitable in the second quarter fiscal 2026?
Operating profit was $20.6M (7.0% of revenue) and net earnings $13.4M.
Source: Box 10-Q on SEC EDGAR.