Growth Metrics

Dropbox (DBX) FCF Margin (2017 - 2026)

Dropbox filings provide 10 years of FCF Margin readings, the most recent being 32.3% for Q1 2026.

  • Quarterly FCF Margin rose 769.0% to 32.3% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 38.82% through Mar 2026, up 502.0% year-over-year, with the annual reading at 36.92% for FY2025, 272.0% up from the prior year.
  • FCF Margin hit 32.3% in Q1 2026 for Dropbox, down from 35.35% in the prior quarter.
  • Across five years, FCF Margin topped out at 46.3% in Q3 2025 and bottomed at 22.58% in Q1 2023.
  • Average FCF Margin over 5 years is 33.76%, with a median of 35.35% recorded in 2025.
  • The largest annual shift saw FCF Margin plummeted -630bps in 2023 before it soared 769bps in 2026.
  • Dropbox's FCF Margin stood at 35.55% in 2022, then decreased by -16bps to 29.97% in 2023, then rose by 9bps to 32.71% in 2024, then rose by 8bps to 35.35% in 2025, then fell by -9bps to 32.3% in 2026.
  • Per Business Quant, the three most recent readings for DBX's FCF Margin are 32.3% (Q1 2026), 35.35% (Q4 2025), and 46.3% (Q3 2025).