stockrowDropbox, Inc.
DBX Technology Software Infrastructure
Dropbox, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.5 billion, down 1.07% from fiscal 2024.
- Revenue
- +0.93%
- EPS
- −6.52%
- Free cash flow
- −10.3%
- Total debt
- +35.3%
Quarter to June 2026, against a year earlier
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Dropbox, Inc. (DBX) Gross margin
Dropbox, Inc.'s gross margin over the twelve months to 30 June 2026 was 79.7%, down 0.4 percentage points from fiscal 2025 (80.1%). Over the past ten years it has ranged from 32.5% (fiscal 2015) to 82.5% (fiscal 2024); the current reading is higher than 73% of that period. That is above the Software Infrastructure industry median of 59.2% and above the Technology sector median of 47.1%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 80.1% | (2.40) |
| FY2024 | 82.5% | 1.66 |
| FY2023 | 80.9% | (0.02) |
| FY2022 | 80.9% | 1.47 |
| FY2021 | 79.4% | 1.08 |
| FY2020 | 78.3% | 3.08 |
| FY2019 | 75.3% | 3.62 |
| FY2018 | 71.6% | 4.97 |
| FY2017 | 66.7% | 12.91 |
| FY2016 | 53.8% | 21.23 |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Jun 2026 | 80.2% | 0.56 |
| Mar 2026 | 79.7% | 0.41 |
| Dec 2025 | 79.2% | (0.54) |
| Sep 2025 | 79.8% | (0.45) |
| 34 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| GTLB GitLab Inc. compare | 85.8% |
| QLYS Qualys, Inc. compare | 83.3% |
| PATH UiPath, Inc. compare | 82.6% |
| DBX Dropbox, Inc. | 79.7% |
| S SentinelOne, Inc. compare | 72.5% |
| NTSK Netskope Inc. compare | 69.9% |
| ZETA Zeta Global Holdings Corp. compare | 59.5% |
| DOX Amdocs Limited compare | 38.3% |
| PAYP PayPay Corporation compare | — |
| Software Infrastructure industry median | 59.2% |
| Technology sector median | 47.1% |
| Market median | 46.4% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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