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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%

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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

Overview Business Profile Earnings & Analysis Segments Valuation Filings

Dropbox, Inc. (DBX) P/S ratio

Alert me on P/S ratio

As of 3 November 2026, Dropbox, Inc. (DBX) trades at a P/S ratio of 3.1×. Over the past ten years it has ranged from 2.1× (April 2026) to 11.1× (August 2018); the current reading is higher than 19% of that period. That is above the Software Infrastructure industry median of 2.9× and above the Technology sector median of 2.8×.

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<iframe src="https://stockrow.com/embed/DBX/ps-ratio" width="100%" height="360" style="border:0" loading="lazy" title="Dropbox, Inc. P/S ratio, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/DBX/metrics/ps-ratio">Dropbox, Inc. (DBX) P/S ratio — stockrow.com</a></p>

Period	P/S ratio	Change
FY2025	3.0×	(21.13%)
FY2024	3.8×	(4.50%)
FY2023	3.9×	11.48%
FY2022	3.5×	(20.14%)
FY2021	4.4×	(8.14%)
FY2020	4.8×	8.25%
FY2019	4.4×	(15.71%)
FY2018	5.3×	4.43%
FY2017	5.0×	0.00%
FY2016	5.0×	0.00%

Period	P/S ratio	Change
Jun 2026	2.4×	15.30%
Mar 2026	2.1×	(28.49%)
Dec 2025	3.0×	(5.16%)
Sep 2025	3.1×	1.42%
34 more quarters	Free account

Against its own ten years

Low 2.1× High 11.1×

Ten-year median 3.9×

Current reading's percentile 19

Company	P/S ratio
PAYP PayPay Corporation compare	n/m
DOX Amdocs Limited compare	1.4×
DBX Dropbox, Inc.	3.1×
PATH UiPath, Inc. compare	4.0×
ZETA Zeta Global Holdings Corp. compare	4.8×
S SentinelOne, Inc. compare	7.2×
GTLB GitLab Inc. compare	8.4×
QLYS Qualys, Inc. compare	10.5×
NTSK Netskope Inc. compare	11.1×
Software Infrastructure industry median	2.9×
Technology sector median	2.8×
Market median	1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

Dropbox, Inc. (DBX) P/S ratio

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on DBX

P/S ratio, daily

Annual newest first

Quarterly newest first

Against its own ten years

P/S ratio against peers

What P/S ratio is

More on DBX

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