Filing Flows › Box (BOX) › Q2 FY27 › vs Q2 FY26
Box (BOX) Q2 FY27 vs Q2 FY26 (year over year)
Box's revenue rose $27.1M (+9%) from $294M in Q2 FY26 to $321M in Q2 FY27. Gross margin 79.1% against 79.1% (+0.0 pts).
Box, Q2 FY27: revenue $321M (+9% year over year), operating margin 10.2%, net earnings $19.2M, operating cash flow $70.8M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 79.1% | 79.1% | +0.0 pts |
| Operating margin | 10.2% | 7.0% | +3.2 pts |
| Net margin | 6.0% | 4.6% | +1.4 pts |
| Free cash flow margin | 22.0% | 15.0% | +7.0 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $321M | $294M | $27.1M | +9% |
| Gross profit | $254M | $232M | $21.5M | +9% |
| Cost of revenue | $67.2M | $61.5M | $5.7M | +9% |
| Operating profit | $32.6M | $20.6M | $12.1M | +59% |
| Operating expenses | $221M | $212M | $9.4M | +4% |
| Pre-tax earnings | $31.9M | $23.7M | $8.1M | +34% |
| Research & development | $78.4M | $71.7M | $6.7M | +9% |
| Sales & marketing | $107M | $102M | $4.5M | +4% |
| General & admin | $36.2M | $38.0M | −$1.8M | -5% |
| Net earnings | $19.2M | $13.4M | $5.8M | +43% |
| Income tax | $12.6M | $10.3M | $2.3M | +23% |
| Operating cash sources | $90.5M | $81.9M | $8.6M | +10% |
| Depreciation & amortization | $9.9M | $7.7M | $2.2M | +28% |
| Share-based compensation | $61.4M | $60.8M | $605K | +1% |
| Working capital & other | $19.7M | $36.0M | −$16.3M | -45% |
| Operating cash flow | $70.8M | $46.0M | $24.9M | +54% |
| Free cash flow (OCF − capex) | $70.7M | $44.1M | $26.6M | +60% |
| Capital expenditures | $121K | $1.9M | −$1.7M | -94% |
Questions
How much did Box's revenue grow year over year in Q2 FY27?
Box's revenue rose $27.1M (+9%) from $294M in Q2 FY26 to $321M in Q2 FY27. Gross margin 79.1% against 79.1% (+0.0 pts).