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Dropbox Inc (DBX) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · DATA UPDATED 2026-08-10

Dropbox Inc (DBX) operates in the SOFTWARE - INFRASTRUCTURE industry and is headquartered in San Francisco, United States with about 2,113 employees. Its market capitalization is roughly $8 billion. In the fiscal year ended 2025-12-31, DBX reported $2.5B in revenue and $508M in net income.

Dropbox, Inc. provides a content collaboration platform in the United States and internationally. The company's platform enables individuals, families, teams, and organizations to collaborate for free through its website or app, or through a paid subscription plan for premium features.

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DBX Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
Total Revenue$2.5B$2.5B$2.5B$2.5B$2.3B$2.2B$1.9B$1.7B$1.4B$1.1B$845M$604M
Gross Profit$2.0B$2.0B$2.1B$2.0B$1.9B$1.7B$1.5B$1.2B$997M$738M$454M$196M
Gross Margin %79.7%80.1%82.5%80.9%80.9%79.4%78.3%75.3%71.6%66.7%53.8%32.5%
Operating Income (EBIT)$671M$692M$486M$539M$181M$274M($277M)($80M)($494M)($114M)($194M)($306M)
Operating Margin %26.5%27.4%19.1%21.5%7.8%12.7%-14.5%-4.9%-35.5%-10.3%-22.9%-50.7%
Net Income$443M$508M$452M$454M$553M$336M($256M)($53M)($485M)($112M)($210M)($326M)
Net Margin %17.5%20.2%17.8%18.1%23.8%15.6%-13.4%-3.2%-34.8%-10.1%-24.9%-54.0%
EBITDA$862M$890M$624M$554M$514M$457M$280M$93M($327M)$68M($2M)($157M)
Earnings Per Share (EPS)$1.80$1.86$1.40$1.31$1.52$0.85$-0.62$-0.13$-1.35$-0.28$-0.59$-1.74
Shares Outstanding (M)227M273M323M346M363M396M414M412M359M393M359M187M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DBX Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$632M$630M$636M$634M$626M$625M$644M$639M
Gross Profit$506M$501M$504M$506M$502M$508M$523M$527M
Gross Margin %80.2%79.7%79.2%79.8%80.2%81.3%81.2%82.5%
Operating Income (EBIT)$165M$173M$158M$175M$172M$186M$88M$128M
Operating Margin %26.1%27.5%24.9%27.5%27.5%29.8%13.7%20.0%
Net Income$96M$114M$109M$124M$126M$150M$103M$107M
Net Margin %15.2%18.2%17.1%19.5%20.1%24.1%16.0%16.7%
EBITDA$204M$225M$216M$217M$214M$235M$126M$173M
Earnings Per Share (EPS)$0.42$0.48$0.43$0.47$0.45$0.51$0.34$0.34
Shares Outstanding (M)227M237M254M265M277M296M307M316M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DBX Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
Cash from Operations (CFO)$980M$952M$894M$784M$797M$730M$571M$528M$425M$330M$253M$15M
Capital Expenditures (CapEx)$23M$21M$22M$25M$35M$29M$80M$138M$66M$26M$124M$83M
Free Cash Flow (FCF)$957M$931M$872M$759M$762M$701M$490M$391M$359M$304M$129M($68M)
FCF Margin %37.8%36.9%34.2%30.3%32.8%32.5%25.6%23.5%25.8%27.5%15.3%-11.3%
Dividends Paid$0M$1.6B

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DBX Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$238M$204M$235M$302M$260M$154M$214M$274M
Capital Expenditures (CapEx)$3M$1M$10M$8M$2M$0M$3M$4M
Free Cash Flow (FCF)$235M$203M$225M$294M$259M$153M$210M$270M
FCF Margin %37.2%32.3%35.4%46.3%41.4%24.5%32.7%42.3%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

DBX Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
Total Assets$2.8B$2.9B$3.3B$3.0B$3.1B$3.1B$2.4B$2.7B$1.7B$1.0B$1.0B$1.0B
Cash & Cash Equivalents$1.1B$891M$1.3B$615M$233M$533M$315M$551M$519M$430M$353M$357M
Total Liabilities$5.0B$4.7B$4.1B$3.1B$3.4B$3.4B$2.1B$1.9B$1.0B$917M$881M$825M
Total Debt (Short + Long-Term)$211M$3.0B$2.5B$1.6B$1.6B$1.6B$188M$157M$74M$128M$155M$40M
Total Shareholders' Equity($2.2B)($1.8B)($752M)($166M)($309M)($294M)$334M$808M$677M$103M$123M$186M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive DBX viewer.

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