Dropbox, 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

34.96 0.68 −1.91%
Market cap
$7.6B
P/E
19.2×
Fwd P/E
20.7×
Dividend yield
—
F-score
7/9
Altman Z
0.48
Beneish M
−3.07
Dividend safety
n/a

Dropbox, Inc. (DBX) Net margin

Alert me on Net margin

Dropbox, Inc.'s net margin over the twelve months to 30 June 2026 was 17.5%, down 2.7 percentage points from fiscal 2025 (20.2%). Over the past ten years it has ranged from −54.0% (fiscal 2015) to 23.8% (fiscal 2022); the current reading is higher than 91% of that period. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2025 20.2% 2.42
FY2024 17.8% (0.38)
FY2023 18.1% (5.66)
FY2022 23.8% 8.23
FY2021 15.6% 28.95
FY2020 −13.4% (10.22)
FY2019 −3.17% 31.67
FY2018 −34.8% (24.75)
FY2017 −10.1% 14.79
FY2016 −24.9% 29.09

Quarterly newest first

Period Net margin Change (points)
Jun 2026 15.2% (3.02)
Mar 2026 18.2% 1.10
Dec 2025 17.1% (2.42)
Sep 2025 19.5% (0.56)
34 more quarters

Against its own ten years

Low −54.0% High 23.8%
Ten-year median −3.17%
Current reading's percentile 60

Net margin against peers

Company Net margin
QLYS Qualys, Inc. compare 29.4%
PATH UiPath, Inc. compare 21.0%
DBX Dropbox, Inc. 17.5%
DOX Amdocs Limited compare 9.56%
ZETA Zeta Global Holdings Corp. compare −0.14%
GTLB GitLab Inc. compare −4.99%
S SentinelOne, Inc. compare −31.0%
NTSK Netskope Inc. compare −91.8%
PAYP PayPay Corporation compare —
Software Infrastructure industry median 0.00%
Technology sector median 0.00%
Market median 1.22%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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