Dropbox (DBX) FCF Margin (2017 - 2026)

Dropbox (DBX) has reported FCF Margin for 10 consecutive years, with 37.24% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, FCF Margin fell 407.0% year-over-year to 37.24%; the trailing twelve-month figure through Jun 2026 stood at 37.81% (up 256.0% YoY), and the FY2025 full-year result was 36.92%, up 272.0% from the prior year.
• FCF Margin improved to 37.24% in Q2 2026 per DBX's latest filing, from 32.3% 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.
• Historically, FCF Margin has averaged 33.67% across 5 years, with a median of 34.03% in 2024.
• The sharpest annual moves came in 2023 and 2026: FCF Margin sank 630 bps in 2023, then soared 769 bps in 2026.
• Over 5 years, FCF Margin stood at 30.34% in 2022, then fell by 1 bps to 29.97% in 2023, then gained by 9 bps to 32.71% in 2024, then grew by 8 bps to 35.35% in 2025, then grew by 5 bps to 37.24% in 2026.
• According to Business Quant data, FCF Margin over the past three periods registered 37.24%, 32.3%, and 35.35% for Q2 2026, Q1 2026, and Q4 2025 respectively.