Enterprise Advanced Uplifts Fuel 9% Q4 Revenue Growth to $306M
Box's Enterprise Advanced suite drove 30%-40% per-seat pricing uplifts, with Enterprise Advanced customers accounting for 10% of revenue and Suites clients at 66%, up from 60%. Q4 revenue rose 9% to $306 million, FY26 free cash flow hit a record $313 million and performance obligations climbed 17% to $1.7 billion.
1. Pricing Uplifts and Customer Mix
Box's Enterprise Advanced tier, launched a year ago, delivered 30%–40% per-seat pricing uplifts, with customers in this tier now representing 10% of total revenue. Suite adoption expanded, with all Suites clients accounting for 66% of revenue, up from 60% year-over-year.
2. Financial Performance and RPO Growth
In fiscal Q4, Box generated $306 million in revenue, up 9% year-over-year, and full-year revenue reached $1.18 billion, growing 8%. Remaining performance obligations rose 17% to $1.7 billion, while free cash flow hit a record $313 million and operating margin expanded to 28.3%.
3. AI Strategy and Product Initiatives
Box highlighted AI-driven offerings as growth drivers, with Box Extract reaching general availability and Box Shield Pro launched for advanced content protection. Partnerships for Anthropic Claude and OpenAI GPT models underpin Box AI Studio enhancements, and Box Automate is set to debut, targeting agent-driven workflow monetization.