Dropbox (DBX) EV to EBITDA (2019 - 2026)
Dropbox's EV to EBITDA came in at 5.77 for Q2 2026, down 35.5% from 8.95 a year earlier but up 25.9% from the prior quarter.
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Analysis
Dropbox (DBX) EV to EBITDA (2019 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, Dropbox reported EV to EBITDA of 1.96, down 51.7% year-over-year; for FY2025, it came in at 6.55, down 41.3% from FY2024.
- EV to EBITDA has declined in each of the last three years.
- Going back by year, EV to EBITDA was 11.16 in FY2024 (-2.7%), 11.47 in FY2023 (-33.1%), 17.14 in FY2022 (+4.7%) and 16.36 in FY2021.
- The five-year range for quarterly EV to EBITDA is 4.58 (Q1 2026) to 248.84 (Q3 2021).
- Year-over-year, EV to EBITDA has declined for three consecutive quarters, with an average decline of 19.2% over the last eight quarters.
- The fastest year-over-year change in EV to EBITDA over five years came in Q3 2021 (growth of 809.4%), and the weakest in Q3 2022 (a decline of 95.5%).
- Business Quant data shows DBX's EV to EBITDA at 4.58 (Q1 2026), 6.55 (Q4 2025) and 8.52 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn |
| 10 | Open Text | 5.38 Bn | 813.39 Mn | 1.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 5.77 |
| Mar 31, 2026 | 4.58 |
| Dec 31, 2025 | 6.55 |
| Sep 30, 2025 | 8.52 |
| Jun 30, 2025 | 8.95 |
| Mar 31, 2025 | 8.97 |
| Dec 31, 2024 | 11.16 |
| Sep 30, 2024 | 8.22 |
| Jun 30, 2024 | 7.18 |
| Mar 31, 2024 | 8.57 |
| Dec 31, 2023 | 11.47 |
| Sep 30, 2023 | 19.84 |
| Jun 30, 2023 | 22.07 |
| Mar 31, 2023 | 16.37 |
| Dec 31, 2022 | 17.14 |
| Sep 30, 2022 | 11.17 |
| Jun 30, 2022 | 11.90 |
| Mar 31, 2022 | 13.77 |
| Dec 31, 2021 | 16.36 |
| Sep 30, 2021 | 248.84 |
API Access
Dropbox EV to EBITDA 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=ev-to-ebitda&ticker=DBX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=DBX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();