Filing Flows › Box (BOX) › Q2 FY27
Box (BOX) Q2 FY27 earnings results (second quarter fiscal 2027)
10-Q filed Aug 26, 2026
Box (BOX) reported revenue of $321M for the second quarter fiscal 2027 (Q2 FY27), +9% from a year earlier and +5% from the quarter before. Operating margin was 10.2%, net earnings $19.2M (6.0% of revenue).
Box, Q2 FY27: revenue $321M (+9% year over year), operating margin 10.2%, net earnings $19.2M, operating cash flow $70.8M. The chart follows the revenue to costs, profit and cash.
| Q2 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $321M | +5% | +9% |
| Gross profit | $254M | +4% | +9% |
| Operating profit | $32.6M | +19% | +59% |
| Net earnings | $19.2M | +8% | +43% |
| Operating cash flow | $70.8M | -49% | +54% |
| Free cash flow | $70.7M | -49% | +60% |
What changed
Revenue was $321.1M in Q2 FY27, up 9% year over year and up 5% from the previous quarter.
Gross margin was 79.1%, unchanged from Q2 FY26. Operating profit was $32.6M, a 10.2% margin (up 3.2 points year over year). Of the extra revenue versus Q2 FY26, 44% reached operating profit, above the 7% margin then. Operating expenses grew 4% against revenue growth of 9%. Net earnings were $19.2M, up 43% year over year. The effective tax rate was 39.7%.
Operating cash flow was $70.8M (up 54% year over year), 369% of net earnings. Non-cash charges added back $9.9M of depreciation and amortization and $61.4M of share-based compensation. Working capital and other items used $19.7M. Capital expenditures of $121K left free cash flow of $70.7M.
Questions
What was Box's revenue in the second quarter fiscal 2027?
Box (BOX) reported revenue of $321M for the second quarter fiscal 2027 (Q2 FY27), +9% from a year earlier and +5% from the quarter before.
Was Box profitable in the second quarter fiscal 2027?
Operating profit was $32.6M (10.2% of revenue) and net earnings $19.2M.
Source: Box 10-Q on SEC EDGAR.