Box, Inc. (NYSE:BOX) Reports Strong Q1 Fiscal 2027 Results, Exceeding Expectations

Font: Financial Modeling Prep  • May 27, 2026

• Box, Inc. reported Q1 fiscal 2027 revenue of $305.94 million, surpassing estimates and achieving an 11% year-over-year increase, its first double-digit growth since fiscal 2023.
• The company's earnings per share (EPS) reached $0.37, beating consensus estimates and showing an improvement from $0.30 in the prior year.
• Supporting growth, billings totaled $255 million, up 5% year-over-year, with an 11% increase in customers paying at least $100,000 annually.

Box, Inc. (NYSE:BOX) is a company that provides a cloud-based platform for content management, collaboration, and file sharing for businesses. On May 26, 2026, Box reported its financial results for the first quarter of its fiscal year 2027, showing performance that exceeded market expectations.

The company announced revenue of $305.94 million, which was higher than the estimated $304.39 million. This marks an 11% increase from the same period last year and is the company's first double-digit growth rate since fiscal 2023. Management attributes this growth to the adoption of its AI-driven products.

Box also reported an earnings per share (EPS) of $0.37, beating the consensus estimate of $0.36. As highlighted by Zacks Investment Research, this figure is an improvement from the $0.30 per share earned a year ago. EPS represents the portion of a company's profit allocated to each share of stock.

Supporting this growth, billings totaled $255 million, a 5% year-over-year increase. The number of customers paying Box at least $100,000 annually also grew by 11% compared to the previous year. This shows the company is successfully expanding its relationships with larger, high-value clients.

From a financial stability perspective, the company has a debt-to-equity ratio of 0.50, which measures a company's financial leverage. A lower ratio generally indicates less risk. Additionally, its current ratio is 1.07, suggesting it has sufficient assets to cover its short-term obligations.