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. In the quarter to June 2026, revenue was flat, EPS fell 6.52%, free cash flow fell 10.3% and total debt rose 35.3%, each against the same quarter a year earlier.
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Dropbox, Inc. (DBX) P/E ratio
As of 16 October 2026, Dropbox, Inc. (DBX) trades at a P/E ratio of 19.5×. Over the past ten years it has ranged from 0.0× (December 2021) to 332× (August 2020); the current reading is higher than 79% of that period. That is below the Software Infrastructure industry median of 28.4× and below the Technology sector median of 28.2×.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2025 | 14.8× | (30.10%) |
| FY2024 | 21.2× | (1.57%) |
| FY2023 | 21.5× | 46.88% |
| FY2022 | 14.6× | (47.53%) |
| FY2021 | 27.9× | — |
| FY2020 | 0.0× | — |
| FY2019 | 0.0× | — |
| FY2018 | 0.0× | — |
| FY2017 | 0.0× | — |
| FY2016 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jun 2026 | 15.1× | 22.90% |
| Mar 2026 | 12.3× | (16.95%) |
| Dec 2025 | 14.8× | (12.38%) |
| Sep 2025 | 16.9× | (2.04%) |
| 34 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| NTSK Netskope Inc. compare | n/m |
| S SentinelOne, Inc. compare | n/m |
| GTLB GitLab Inc. compare | n/m |
| ZETA Zeta Global Holdings Corp. compare | n/m |
| DOX Amdocs Limited compare | 14.2× |
| WEX WEX Inc. compare | 17.9× |
| PATH UiPath, Inc. compare | 19.1× |
| DBX Dropbox, Inc. | 19.5× |
| QLYS Qualys, Inc. compare | 31.2× |
| Software Infrastructure industry median | 28.4× |
| Technology sector median | 28.2× |
| Market median | 18.1× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)