Dropbox (DBX) Cost of Revenue (2017 - 2026)

Dropbox (DBX) has reported Cost of Revenue for 10 consecutive years, with $86.9 million the latest figure, recorded in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $86.9 million, down 25.54% year-over-year; the trailing twelve-month figure through Mar 2026 was $398.3 million (down 11.19% YoY), and the FY2025 annual result was $500.8 million, up 12.51% from the prior year.
• Cost of Revenue was $86.9 million for Q1 2026 at Dropbox, down from $132.1 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $132.1 million in Q4 2025 and troughed at $86.9 million in Q1 2026.
• Average Cost of Revenue over 5 years is $108.8 million, with a median of $109.7 million recorded in 2022.
• Year-over-year, Cost of Revenue climbed 22.05% in 2023 and retreated 25.54% in 2026.
• Over 5 years, Cost of Revenue stood at $115.8 million in 2022, then slipped by 5.44% to $109.5 million in 2023, then gained by 3.47% to $113.3 million in 2024, then grew by 16.59% to $132.1 million in 2025, then sank by 34.22% to $86.9 million in 2026.
• Per Business Quant data, the three most recent Cost of Revenue figures were $86.9 million in Q1 2026, $132.1 million in Q4 2025, and $91.5 million in Q3 2025.