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Box: The Platform Play Behind AI—Why Box Could Dominate Secure Content Workflows!

Box, Inc. reported its fiscal 2026 fourth quarter and full-year results with revenue reaching $306 million in Q4, marking a 9% year-over-year increase (8% in constant currency). For the full fiscal year, revenue grew 8% to $1.18 billion. The company’s operating margin expanded slightly to 28.3% in FY ’26, and earnings per share (EPS) in Q4 came in at $0.49, surpassing the guidance of $0.33, partly due to favorable tax items. Free cash flow totaled a record $313 million for the year, up 3%, with $98 million generated in Q4 alone. Box also completed significant share repurchases, buying back approximately 9.7 million shares in FY ’26, utilizing over 90% of free cash flow, with remaining buyback capacity of $59 million. A key growth driver for Box continues to be the adoption of its Enterprise Advanced offering, launched a year ago, which now accounts for 10% of overall revenue.