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

34.98 0.78 −2.18%
Market cap
$7.8B
P/E
19.7×
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) P/E ratio

Alert me on P/E ratio

As of 5 November 2026, Dropbox, Inc. (DBX) trades at a P/E ratio of 19.7×. 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 24.4× and below the Technology sector median of 25.7×.

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

Against its own ten years

Low 0.0× High 332×
Ten-year median 14.6×
Current reading's percentile 65

P/E ratio against peers

Company P/E ratio
NTSK Netskope Inc. compare n/m
S SentinelOne, Inc. compare n/m
ZETA Zeta Global Holdings Corp. compare n/m
GTLB GitLab Inc. compare n/m
PATH UiPath, Inc. compare 19.5×
DBX Dropbox, Inc. 19.7×
QLYS Qualys, Inc. compare 34.7×
BOX Box, Inc. compare 60.7×
DOCN DigitalOcean Holdings, Inc. compare 171×
Software Infrastructure industry median 24.4×
Technology sector median 25.7×
Market median 17.9×

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)

The full definition of P/E ratio →

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