Dropbox (DBX) Free Cash Flow (2017 - 2026)

Dropbox (DBX) posted Free Cash Flow of $203.3 million for Q1 2026, down 9.6% quarter-over-quarter from $224.9 million in Q4 2025, and up 32.27% year-on-year from $153.7 million in Q1 2025.

Dropbox (DBX) Free Cash Flow (2017 - 2026) Analysis & Trends

Dropbox (DBX) has reported Free Cash Flow for 10 consecutive years, with $203.3 million the latest figure, recorded in Q1 2026.

  • Free Cash Flow for Q1 2026 came in at $203.3 million, up 32.27% year-over-year; the trailing twelve-month figure through Mar 2026 was $980.4 million (up 14.13% YoY), and the FY2025 annual result was $930.8 million, up 6.79% from the prior year.
  • Free Cash Flow was $203.3 million for Q1 2026 at Dropbox, down from $224.9 million in the prior quarter.
  • Over five years, Free Cash Flow peaked at $293.7 million in Q3 2025 and troughed at $130.7 million in Q1 2022.
  • Average Free Cash Flow over 5 years is $209.4 million, with a median of $210.5 million recorded in 2024.
  • Year-over-year, Free Cash Flow decreased 10.62% in 2023 and soared 32.27% in 2026.
  • Over 5 years, Free Cash Flow stood at $212.9 million in 2022, then fell by 10.62% to $190.3 million in 2023, then gained by 10.61% to $210.5 million in 2024, then increased by 6.84% to $224.9 million in 2025, then decreased by 9.6% to $203.3 million in 2026.
  • Per Business Quant data, the three most recent Free Cash Flow figures were $203.3 million in Q1 2026, $224.9 million in Q4 2025, and $293.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 15.80 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 13.85 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 891.76 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 384.00 Mn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 395.40 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 1.02 Bn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 93.10 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 821.51 Mn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 935.02 Mn
10 Dropbox 6.68 Bn 5.39 Bn 501.40 Mn 203.30 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 203.30 Mn
Mar 31, 2026 203.30 Mn
Dec 31, 2025 224.90 Mn
Dec 31, 2025 224.90 Mn
Sep 30, 2025 293.70 Mn
Sep 30, 2025 293.70 Mn
Jun 30, 2025 258.50 Mn
Jun 30, 2025 258.50 Mn
Mar 31, 2025 153.70 Mn
Mar 31, 2025 153.70 Mn
Dec 31, 2024 210.50 Mn
Dec 31, 2024 210.50 Mn
Sep 30, 2024 270.10 Mn
Sep 30, 2024 270.10 Mn
Jun 30, 2024 224.70 Mn
Jun 30, 2024 224.70 Mn
Mar 31, 2024 166.30 Mn
Mar 31, 2024 166.30 Mn
Dec 31, 2023 190.30 Mn
Dec 31, 2023 190.30 Mn