Revenue Growth and Exceeding Guidance
Revenue for Q3 2026 was $301 million, representing a 9% year-over-year growth and exceeding guidance. The company expects total revenue for FY 2026 to be approximately $1.175 billion.
Strong Operating Margin
Box achieved an operating margin of 28.6% in Q3, exceeding expectations, with a forecast of 30% for the upcoming quarter.
Advancements in AI Capabilities
Box announced new AI features like Box Extract and Box Automate designed to drive intelligent workflows. The company is integrating with leading AI models from OpenAI, Google, Anthropic, AWS, and others.
Increase in Large Customers and Suite Adoption
Over 2,000 customers now pay Box at least $100,000 annually, and suites customers account for 64% of revenue, up from 59% a year ago.
Partnerships and Strategic Collaborations
Box strengthened partnerships with AWS, Deloitte, TCS, and others to enhance AI capabilities and accelerate digital transformation.
Net Retention Rate Improvement
Net retention rate improved to 104%, driven by strong Box AI and Enterprise Advanced momentum.