Dropbox (DBX) Capital Expenditures (2017 - 2026)
Dropbox (DBX) reported Capital Expenditures of $3.3 million for Q2 2026, up 65.0% from $2 million a year earlier and up 175.0% from the prior quarter.
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Analysis
Dropbox (DBX) Capital Expenditures (2017 - 2026) Analysis & Trends
Over the twelve months ended Jun 30, 2026, Dropbox's Capital Expenditures came in at $23.4 million, up 146.3% year-over-year; for FY2025, it was $21 million, down 6.7% from FY2024.
- Capital Expenditures has declined for three consecutive years, with a five-year compound annual growth rate of -23.5% (FY2020 to FY2025).
- By year, Capital Expenditures came in at $22.5 million in FY2024 (-7.4%), $24.3 million in FY2023 (-28.1%), $33.8 million in FY2022 (+52.9%) and $22.1 million in FY2021 (-72.4%).
- Five-year quarterly Capital Expenditures spans a low of $100,000 in Q1 2025 and a high of $12.9 million in Q4 2022.
- Year over year, Capital Expenditures gained in three of the last seven quarters, with growth averaging 14.2%.
- The high point for year-over-year Capital Expenditures in five years was Q4 2022 (growth of 892.3%); the low point was Q1 2025 (a decline of 98.9%).
- Per Business Quant data, the three quarters before Q2 2026 came in at $1.2 million (Q1 2026), $10.5 million (Q4 2025) and $8.4 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn | 85.00 Mn |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn | 4.45 Mn |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn | 3.07 Mn |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn | 14.00 Mn |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn | - |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn | - |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn | 3.30 Mn |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn | -17.21 Mn |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn | 10.59 Mn |
| 10 | Open Text | 5.38 Bn | 813.39 Mn | 1.01 Bn | 63.83 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 3.30 Mn |
| Mar 31, 2026 | 1.20 Mn |
| Dec 31, 2025 | 10.50 Mn |
| Sep 30, 2025 | 8.40 Mn |
| Jun 30, 2025 | 2.00 Mn |
| Mar 31, 2025 | 100,000.00 |
| Dec 31, 2024 | 3.30 Mn |
| Sep 30, 2024 | 4.10 Mn |
| Jun 30, 2024 | 5.90 Mn |
| Mar 31, 2024 | 9.20 Mn |
| Dec 31, 2023 | 10.00 Mn |
| Sep 30, 2023 | 9.40 Mn |
| Jun 30, 2023 | 3.00 Mn |
| Mar 31, 2023 | 1.90 Mn |
| Dec 31, 2022 | 12.90 Mn |
| Sep 30, 2022 | 6.20 Mn |
| Jun 30, 2022 | 4.00 Mn |
| Mar 31, 2022 | 10.70 Mn |
| Dec 31, 2021 | 1.30 Mn |
| Sep 30, 2021 | 10.00 Mn |
API Access
Dropbox Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=DBX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "DBX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=DBX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();