Power BI Text Box is very good feature in order to display your report headings or Title name in report pages.
You can write multiline of paragraph under Text Box and also you can use hyperlink inside this.
Let’s start with an example:
Step 1: For old Power BI version-
Go to Power BI Home tab, under Insert ribbon click on Text Box
In latest version-
Go to Insert Tab, click on Text box.

Add Text Box to Report Page
Step 2: Now write some Text under Text Box and you can change the format of Text like font size, font family, alignments etc.

Power Bi Text Box Properties
Step 3: If you want to change Text Box background color then go to Format Pane and use below properties
- Title: Enable this to change title name, font size, alignments, font color & background color of Text Box Title
- Background: Using this you can change background color of Text Box
- General: Set X & Y axis position, height & Width of Text Box
How to use Hyper link inside Text Box?
Select Text for hyperlink and click on Insert link icon, then write URL for navigation.
This URL will not work in Power BI Desktop, when you published the report into Power BI service then it will work fine.
For testing purpose you can click on Html Text Editor Bar URL.

Power BI Hyperlink
How to move Text Box in Power BI Page?
You can not move Text Box easily all over the report page, for this you have to hover on Text Box and double click on three dots & move the mouse for re-position.
Second option, just click on Text Box border and move the mouse.

Reposition Text Box
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If I add a measure that calls TODAY() to a text box, it is a hyperlink. You cannot turn off this hyperlink. This makes no sense.