Dropbox (DBX) FCF Margin (2017 - 2026)

Dropbox (DBX) has reported FCF Margin for 10 consecutive years, with 32.3% the latest figure, recorded in Q1 2026.

• FCF Margin for Q1 2026 came in at 32.3%, up 769.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 38.82% (up 502.0% YoY), and the FY2025 annual result was 36.92%, up 272.0% from the prior year.
• FCF Margin was 32.3% for Q1 2026 at Dropbox, down from 35.35% in the prior quarter.
• Over five years, FCF Margin peaked at 46.3% in Q3 2025 and troughed at 22.58% in Q1 2023.
• Average FCF Margin over 5 years is 33.76%, with a median of 35.35% recorded in 2025.
• Year-over-year, FCF Margin slumped 630 bps in 2023 and jumped 769 bps in 2026.
• Over 5 years, FCF Margin stood at 35.55% in 2022, then retreated by 16 bps to 29.97% in 2023, then advanced by 9 bps to 32.71% in 2024, then increased by 8 bps to 35.35% in 2025, then declined by 9 bps to 32.3% in 2026.
• Per Business Quant data, the three most recent FCF Margin figures were 32.3% in Q1 2026, 35.35% in Q4 2025, and 46.3% in Q3 2025.