Filing Flows › Box (BOX) › Q3 FY26
Box (BOX) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 3, 2025
Box (BOX) reported revenue of $301M for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and +2% from the quarter before. Operating margin was 8.3%, net earnings $12.1M (4.0% of revenue).
Box, Q3 FY26: revenue $301M (+9% year over year), operating margin 8.3%, net earnings $12.1M, operating cash flow $73.0M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $301M | +2% | +9% |
| Gross profit | $240M | +3% | +9% |
| Operating profit | $25.1M | +22% | +7% |
| Net earnings | $12.1M | -10% | -6% |
| Operating cash flow | $73.0M | +59% | +17% |
| Free cash flow | $71.3M | +62% | +14% |
What changed
Revenue was $301.1M in Q3 FY26, up 9% year over year and up 2% from the previous quarter.
Gross margin was 79.6%, down 0.3 points from a year earlier. Operating profit was $25.1M, a 8.3% margin (down 0.2 points year over year). Of the extra revenue versus a year earlier, 7% 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 (+11%). Net earnings were $12.1M, down 6% year over year. The effective tax rate was 56.0%.
Operating cash flow was $73.0M (up 17% year over year), 605% of net earnings. Non-cash charges added back $9.0M of depreciation and amortization and $59.3M of share-based compensation. Working capital and other items used $7.3M. Capital expenditures of $1.7M left free cash flow of $71.3M.
Questions
What was Box's revenue in the third quarter fiscal 2026?
Box (BOX) reported revenue of $301M for the third quarter fiscal 2026 (Q3 FY26), +9% from a year earlier and +2% from the quarter before.
Was Box profitable in the third quarter fiscal 2026?
Operating profit was $25.1M (8.3% of revenue) and net earnings $12.1M.
Source: Box 10-Q on SEC EDGAR.