Dropbox (DBX) Cost of Revenue (2017 - 2026)
Dropbox's (DBX) quarterly Cost of Revenue came in at $125.0 million in Q2 2026, up 1.05% on a YoY basis from $123.7 million in Q2 2025, and down 2.42% quarter-over-quarter from $128.1 million in Q1 2026.
Analysis
Dropbox (DBX) Cost of Revenue (2017 - 2026) Analysis & Trends
Dropbox (DBX) has reported Cost of Revenue for 10 consecutive years, with $125.0 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue rose 1.05% year-over-year to $125.0 million; the trailing twelve-month figure through Jun 2026 stood at $513.5 million (up 8.63% YoY), and the FY2025 full-year result was $500.8 million, up 12.51% from the prior year.
- Cost of Revenue eased to $125.0 million in Q2 2026 per DBX's latest filing, from $128.1 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.
- Historically, Cost of Revenue has averaged $117.9 million across 5 years, with a median of $118.2 million in 2023.
- The sharpest annual moves came in 2024 and 2025: Cost of Revenue decreased 10.91% in 2024, then advanced 15.61% in 2025.
- Over 5 years, 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 retreated by 5.37% to $125.0 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $125.0 million, $128.1 million, and $132.1 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 45.74 Bn | 44.50 Bn | 1.53 Bn | 238.45 Mn |
| 2 | Dropbox | 7.60 Bn | 6.48 Bn | 506.50 Mn | 125.00 Mn |
| 3 | Open Text | 5.82 Bn | 4.86 Bn | 1.01 Bn | 337.55 Mn |
| 4 | Box | 4.72 Bn | 4.27 Bn | 253.97 Mn | 67.18 Mn |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn | 30.33 Mn |
| 6 | Cheetah Mobile | 105.81 Mn | -80.44 Mn | 24.15 Mn | 13.40 Mn |
| 7 | Upland Software | 10.29 Mn | -21.38 Mn | 37.47 Mn | 11.67 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 125.00 Mn |
| Mar 31, 2026 | 128.10 Mn |
| Dec 31, 2025 | 132.10 Mn |
| Sep 30, 2025 | 128.30 Mn |
| Jun 30, 2025 | 123.70 Mn |
| Mar 31, 2025 | 116.70 Mn |
| Dec 31, 2024 | 120.80 Mn |
| Sep 30, 2024 | 111.50 Mn |
| Jun 30, 2024 | 107.00 Mn |
| Mar 31, 2024 | 105.80 Mn |
| Dec 31, 2023 | 122.00 Mn |
| Sep 30, 2023 | 119.60 Mn |
| Jun 30, 2023 | 120.10 Mn |
| Mar 31, 2023 | 116.80 Mn |
| Dec 31, 2022 | 115.80 Mn |
| Sep 30, 2022 | 109.70 Mn |
| Jun 30, 2022 | 105.80 Mn |
| Mar 31, 2022 | 112.90 Mn |
| Dec 31, 2021 | 115.80 Mn |
| Sep 30, 2021 | 112.00 Mn |