Create Report and Dashboard Folders in Lightning Experience

Folders are key to sharing and organizing reports and dashboards. Now you can create them in Lightning Experience. Switch to Salesforce Classic to grant other people access to folders. This feature is new in Lightning Experience.

User Permissions Needed
To create report folders: “Create Report Folders”
To create dashboard folders: “Create Dashboard Folders”

To create a folder, from the reports or dashboards tab, click New Folder.

Creating a folder