Dropbox (DBX) Free Cash Flow (2017 - 2026)
Dropbox's (DBX) quarterly Free Cash Flow came in at $235.2 million in Q2 2026, down 9.01% on a YoY basis from $258.5 million in Q2 2025, and up 15.69% quarter-over-quarter from $203.3 million in Q1 2026.
Analysis
Dropbox (DBX) Free Cash Flow (2017 - 2026) Analysis & Trends
Dropbox (DBX) has reported Free Cash Flow for 10 consecutive years, with $235.2 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Free Cash Flow fell 9.01% year-over-year to $235.2 million; the trailing twelve-month figure through Jun 2026 stood at $957.1 million (up 7.2% YoY), and the FY2025 full-year result was $930.8 million, up 6.79% from the prior year.
- Free Cash Flow rose to $235.2 million in Q2 2026 per DBX's latest filing, from $203.3 million in the prior quarter.
- Across five years, Free Cash Flow topped out at $293.7 million in Q3 2025 and bottomed at $130.7 million in Q1 2022.
- Historically, Free Cash Flow has averaged $209.1 million across 5 years, with a median of $208.2 million in 2022.
- The sharpest annual moves came in 2023 and 2026: Free Cash Flow decreased 10.34% in 2023, then surged 32.27% in 2026.
- Over 5 years, Free Cash Flow stood at $181.7 million in 2022, then climbed by 4.73% to $190.3 million in 2023, then rose by 10.61% to $210.5 million in 2024, then grew by 6.84% to $224.9 million in 2025, then gained by 4.58% to $235.2 million in 2026.
- According to Business Quant data, Free Cash Flow over the past three periods registered $235.2 million, $203.3 million, and $224.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 46.15 Bn | 44.91 Bn | 1.53 Bn | 474.69 Mn |
| 2 | Dropbox | 7.59 Bn | 6.47 Bn | 506.50 Mn | 235.20 Mn |
| 3 | Open Text | 5.79 Bn | 4.83 Bn | 1.01 Bn | 121.97 Mn |
| 4 | Box | 4.68 Bn | 4.24 Bn | 253.97 Mn | - |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn | 41.51 Mn |
| 6 | Cheetah Mobile | 106.73 Mn | -79.52 Mn | 24.15 Mn | - |
| 7 | Upland Software | 10.29 Mn | -21.38 Mn | 37.47 Mn | 3.89 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 235.20 Mn |
| Mar 31, 2026 | 203.30 Mn |
| Dec 31, 2025 | 224.90 Mn |
| Sep 30, 2025 | 293.70 Mn |
| Jun 30, 2025 | 258.50 Mn |
| Mar 31, 2025 | 153.70 Mn |
| Dec 31, 2024 | 210.50 Mn |
| Sep 30, 2024 | 270.10 Mn |
| Jun 30, 2024 | 224.70 Mn |
| Mar 31, 2024 | 166.30 Mn |
| Dec 31, 2023 | 190.30 Mn |
| Sep 30, 2023 | 246.50 Mn |
| Jun 30, 2023 | 184.60 Mn |
| Mar 31, 2023 | 138.00 Mn |
| Dec 31, 2022 | 181.70 Mn |
| Sep 30, 2022 | 245.20 Mn |
| Jun 30, 2022 | 205.90 Mn |
| Mar 31, 2022 | 130.70 Mn |
| Dec 31, 2021 | 161.40 Mn |
| Sep 30, 2021 | 221.50 Mn |