Box revenue accelerates to 11% YoY; operating margin quadruples on AI product launches

Filed May 27, 2026 · Period ending April 30, 2026 · Compared to 10-Q May 29, 2025 · ~2 min read

Key Changes

• high

  Revenue growth accelerated from 4% to 11% YoY, with operating margin expanding 670 bps to 9.0% (vs 2.3% prior year) as operating income quadrupled to $27.4M. Net retention rate improved 300 bps to 105%, signaling stronger upsell momentum.

  MD&A: Financial Performance verify on EDGAR →
• high

  Box launched Box Agent (AI-powered secure search and content generation) and Box Automate (agentic workflow automation) in April 2026, repositioning the platform around AI-driven content management and governance.

  MD&A: Product Strategy verify on EDGAR →
• high

  Share repurchases more than doubled to $114.4M (4.8M shares at $23.74) in Q1 vs $49.6M prior year. Board authorized additional $500M in March 2026, with $445M remaining available.

  MD&A: Capital Allocation verify on EDGAR →