Box Q2 FY27: Revenue +9% to $321.1M, Net Income +43%, Driven by AI Product Adoption

Filed August 26, 2026 · Period ending July 31, 2026 · Compared to 10-Q Aug 27, 2025 · ~2 min read

Key Changes

• high

  Net income rose 62% to $13.1M and diluted EPS jumped 80% to $0.09, as operating income surged 59% to $32.6M (10.2% margin, up 320bp YoY). Free cash flow grew 67% to $59.7M, reflecting improved profitability and lower capex.

  MD&A: Operating Results verify on EDGAR →
• high

  Billings accelerated to +17% YoY ($309.5M) from +3% in the prior year, and net retention improved to 106% (from 103%), driven by multi-product Suite and AI-enabled product adoption. RPO grew 15% to $1.7B (+17% constant currency).

  MD&A: Key Metrics verify on EDGAR →
• high

  Box reframed its value proposition around AI integration, positioning the platform as connecting AI models and agents to enterprise content. July 2026 launches included Box agent security/governance, Box Agent (native AI), and Box Automate (workflow automation).

  MD&A: Business Overview & Product Launches verify on EDGAR →