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) Operating margin
Dropbox, Inc.'s operating margin over the twelve months to 30 June 2026 was 26.6%, down 0.7 percentage points from fiscal 2025 (27.3%). Over the past ten years it has ranged from −50.7% (fiscal 2015) to 27.3% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Infrastructure industry median of 0.00% and above the Technology sector median of 0.31%.
Operating margin, annual
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Annual newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| FY2025 | 27.3% | 8.25 |
| FY2024 | 19.1% | (2.45) |
| FY2023 | 21.5% | 13.73 |
| FY2022 | 7.80% | (4.92) |
| FY2021 | 12.7% | 27.19 |
| FY2020 | −14.5% | (9.62) |
| FY2019 | −4.85% | 30.65 |
| FY2018 | −35.5% | (25.23) |
| FY2017 | −10.3% | 12.63 |
| FY2016 | −22.9% | 27.81 |
Quarterly newest first
| Period | Operating margin | Change (points) |
|---|---|---|
| Jun 2026 | 26.1% | (1.35) |
| Mar 2026 | 27.5% | 1.95 |
| Dec 2025 | 25.5% | (2.04) |
| Sep 2025 | 27.5% | 0.63 |
| 34 more quarters | Free account |
Against its own ten years
Operating margin against peers
| Company | Operating margin |
|---|---|
| QLYS Qualys, Inc. compare | 34.4% |
| DBX Dropbox, Inc. | 26.6% |
| DOX Amdocs Limited compare | 13.5% |
| PATH UiPath, Inc. compare | 8.89% |
| ZETA Zeta Global Holdings Corp. compare | 1.57% |
| GTLB GitLab Inc. compare | −8.55% |
| S SentinelOne, Inc. compare | −29.5% |
| NTSK Netskope Inc. compare | −94.7% |
| PAYP PayPay Corporation compare | — |
| Software Infrastructure industry median | 0.00% |
| Technology sector median | 0.31% |
| Market median | 0.00% |
What Operating margin is
EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.
EBIT ÷ Revenue
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