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

Dropbox's Cost of Revenue history runs 10 years deep, the most recent figure standing at $128.1 million for Q1 2026.

• Quarterly Cost of Revenue rose 9.77% year-over-year to $128.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $512.2 million (up 12.32% YoY) and the FY2025 annual result came in at $500.8 million, up 12.51% from the prior year.
• Cost of Revenue was $128.1 million for Q1 2026 at Dropbox, down from $132.1 million in the prior quarter.
• Across five years, Cost of Revenue topped out at $132.1 million in Q4 2025 and bottomed at $105.8 million in Q2 2022.
• A 5-year average of $117.5 million and a median of $116.8 million in 2023 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2024 — Cost of Revenue dropped 10.91% — and 2025, when it grew 15.61%.
• Dropbox's Cost of Revenue stood at $115.8 million in 2022, then grew by 5.35% to $122.0 million in 2023, then decreased by 0.98% to $120.8 million in 2024, then rose by 9.35% to $132.1 million in 2025, then slipped by 3.03% to $128.1 million in 2026.
• Business Quant data shows DBX's Cost of Revenue at $128.1 million in Q1 2026, $132.1 million in Q4 2025, and $128.3 million in Q3 2025.