Dropbox, Inc. (DBX) EBITDA Margin (2017 - 2026)
Dropbox (DBX) recorded EBITDA Margin of 32.68% in Q2 2026, down 1.55 percentage points from 34.23% a year earlier and down 1.85 percentage points from the prior quarter.
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Analysis
Dropbox, Inc. (DBX) EBITDA Margin (2017 - 2026) Analysis & Trends
On a TTM basis, Dropbox's EBITDA Margin came in at 33.69% as of Jun 30, 2026, up 4.16 percentage points year-over-year; for FY2025, it was 34.61%, up 8.95 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of +39.48 percentage points (FY2020 to FY2025).
- Across earlier years, EBITDA Margin came in at 25.66% in FY2024 (-4.22 pp), 29.87% in FY2023 (+13.62 pp), 16.25% in FY2022 (-4.97 pp) and 21.23% in FY2021 (+26.10 pp).
- The Q2 2026 figure is the lowest quarterly EBITDA Margin since Q4 2024.
- On a year-over-year basis, EBITDA Margin rose in four of the last eight quarters, with an average year-over-year change of +0.08 percentage points.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 80.91 percentage points in Q4 2021, against a drop of 29.42 percentage points in Q4 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at 34.54% (Q1 2026), 32.79% (Q4 2025) and 34.76% (Q3 2025).
Peer Set
Peer Comparison
Historic Data
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Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 32.68% |
| Mar 31, 2026 | 34.54% |
| Dec 31, 2025 | 32.79% |
| Sep 30, 2025 | 34.76% |
| Jun 30, 2025 | 34.23% |
| Mar 31, 2025 | 36.67% |
| Dec 31, 2024 | 20.79% |
| Sep 30, 2024 | 26.74% |
| Jun 30, 2024 | 26.29% |
| Mar 31, 2024 | 28.89% |
| Dec 31, 2023 | 50.20% |
| Sep 30, 2023 | 28.74% |
| Jun 30, 2023 | 17.56% |
| Mar 31, 2023 | 22.47% |
| Dec 31, 2022 | -5.04% |
| Sep 30, 2022 | 23.42% |
| Jun 30, 2022 | 23.01% |
| Mar 31, 2022 | 24.52% |
| Dec 31, 2021 | 21.22% |
| Sep 30, 2021 | 22.59% |
API Access
Dropbox, Inc. EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=DBX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "DBX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=DBX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();