Dropbox (DBX) EBITDA Margin (2017 - 2026)
Dropbox's (DBX) quarterly EBITDA Margin came in at 27.45% in Q1 2026, down 197.0% YoY from 28.3% in Q1 2025, and up 7.67% on a QoQ basis from 25.5% in Q4 2025.
Dropbox (DBX) EBITDA Margin (2017 - 2026) Analysis & Trends
Dropbox (DBX) has 10 years of EBITDA Margin data on file, last reported at 27.45% in Q1 2026.
- Quarterly EBITDA Margin fell 197.0% year-over-year to 27.45% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 26.85% (up 613.0% YoY) and the FY2025 annual result came in at 27.33%, up 825.0% from the prior year.
- EBITDA Margin advanced to 27.45% in Q1 2026, from 25.5% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 42.11% in Q4 2023 to a low of 13.43% in Q4 2022.
- A 5-year average of 19.46% and a median of 20.02% in 2024 frame the typical range for EBITDA Margin.
- Annual changes were most pronounced in 2023 — EBITDA Margin jumped 5554 bps — and 2024, when it sank 2845 bps.
- Tracing DBX's EBITDA Margin over 5 years: stood at 13.43% in 2022, then soared by 414 bps to 42.11% in 2023, then slumped by 68 bps to 13.66% in 2024, then surged by 87 bps to 25.5% in 2025, then increased by 8 bps to 27.45% in 2026.
- The last three EBITDA Margin figures came in at 27.45% (Q1 2026), 25.5% (Q4 2025), and 27.54% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 45.11% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 47.12% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 31.97% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -6.10% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 33.66% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -29.55% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 8.43% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -1.90% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 6.75% |
| 10 | Dropbox | 7.61 Bn | 6.50 Bn | 506.50 Mn | 26.10% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 26.10% |
| Mar 31, 2026 | 27.45% |
| Dec 31, 2025 | 25.50% |
| Sep 30, 2025 | 27.54% |
| Jun 30, 2025 | 26.91% |
| Mar 31, 2025 | 29.42% |
| Dec 31, 2024 | 13.66% |
| Sep 30, 2024 | 20.01% |
| Jun 30, 2024 | 20.02% |
| Mar 31, 2024 | 22.73% |
| Dec 31, 2023 | 42.11% |
| Sep 30, 2023 | 20.65% |
| Jun 30, 2023 | 9.08% |
| Mar 31, 2023 | 13.76% |
| Dec 31, 2022 | -13.43% |
| Sep 30, 2022 | 15.11% |
| Jun 30, 2022 | 14.48% |
| Mar 31, 2022 | 15.91% |
| Dec 31, 2021 | 12.41% |
| Sep 30, 2021 | 14.05% |