Dropbox (DBX) Cost of Revenue (2017 - 2026)
Dropbox's (DBX) quarterly Cost of Revenue came in at $128.1 million in Q1 2026, up 9.77% YoY from $116.7 million in Q1 2025, and down 3.03% on a QoQ basis from $132.1 million in Q4 2025.
Dropbox (DBX) Cost of Revenue (2017 - 2026) Analysis & Trends
Dropbox (DBX) has 10 years of Cost of Revenue data on file, last reported at $128.1 million in 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 fell to $128.1 million in Q1 2026, from $132.1 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $132.1 million in Q4 2025 to a low of $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 retreated 10.91% — and 2025, when it gained 15.61%.
- Tracing DBX's Cost of Revenue over 5 years: stood at $115.8 million in 2022, then advanced by 5.35% to $122.0 million in 2023, then fell by 0.98% to $120.8 million in 2024, then grew by 9.35% to $132.1 million in 2025, then retreated by 3.03% to $128.1 million in 2026.
- The last three Cost of Revenue figures came in at $128.1 million (Q1 2026), $132.1 million (Q4 2025), and $128.3 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 29.53 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 296.87 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 974.00 Mn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 404.70 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 196.54 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 637.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 879.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 3.45 Bn |
| 10 | Dropbox | 7.61 Bn | 6.50 Bn | 506.50 Mn | 125.00 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 125.00 Mn |
| Jun 30, 2026 | 125.00 Mn |
| Mar 31, 2026 | 128.10 Mn |
| Mar 31, 2026 | 128.10 Mn |
| Dec 31, 2025 | 132.10 Mn |
| Dec 31, 2025 | 132.10 Mn |
| Sep 30, 2025 | 128.30 Mn |
| Sep 30, 2025 | 128.30 Mn |
| Jun 30, 2025 | 123.70 Mn |
| Jun 30, 2025 | 123.70 Mn |
| Mar 31, 2025 | 116.70 Mn |
| Mar 31, 2025 | 116.70 Mn |
| Dec 31, 2024 | 120.80 Mn |
| Dec 31, 2024 | 120.80 Mn |
| Sep 30, 2024 | 111.50 Mn |
| Sep 30, 2024 | 111.50 Mn |
| Jun 30, 2024 | 107.00 Mn |
| Jun 30, 2024 | 107.00 Mn |
| Mar 31, 2024 | 105.80 Mn |
| Mar 31, 2024 | 105.80 Mn |