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

Dropbox has reported Cost of Revenue for 10 years, with the latest figure at $86.9 million in Q1 2026.

• For the quarter ending Q1 2026, Cost of Revenue fell 25.54% year-over-year to $86.9 million; the trailing twelve-month figure through Mar 2026 stood at $398.3 million (down 11.19% YoY), and the FY2025 full-year result was $500.8 million, up 12.51% from the prior year.
• Cost of Revenue for Q1 2026 stood at $86.9 million, down from $132.1 million in the prior quarter.
• The five-year high for Cost of Revenue was $132.1 million in Q4 2025, with the low at $86.9 million in Q1 2026.
• Historically, Cost of Revenue has averaged $108.8 million across 5 years, with a median of $109.7 million in 2022.
• Annual changes were most pronounced in 2023 — Cost of Revenue gained 22.05% — and 2026, when it declined 25.54%.
• Dropbox's Cost of Revenue stood at $115.8 million in 2022, then fell by 5.44% to $109.5 million in 2023, then grew by 3.47% to $113.3 million in 2024, then gained by 16.59% to $132.1 million in 2025, then slumped by 34.22% to $86.9 million in 2026.
• The last three Cost of Revenue figures came in at $86.9 million (Q1 2026), $132.1 million (Q4 2025), and $91.5 million (Q3 2025), per Business Quant data.