Dropbox (DBX) Gross Margin (2017 - 2026)

Dropbox (DBX) has reported Gross Margin for 10 consecutive years, with 80.21% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Gross Margin fell 2.0% year-over-year to 80.21%; the trailing twelve-month figure through Jun 2026 stood at 79.72% (down 162.0% YoY), and the FY2025 full-year result was 80.13%, down 240.0% from the prior year.
• Gross Margin grew to 80.21% in Q2 2026 per DBX's latest filing, from 79.65% in the prior quarter.
• Across five years, Gross Margin topped out at 83.24% in Q1 2024 and bottomed at 79.24% in Q4 2025.
• Historically, Gross Margin has averaged 80.98% across 5 years, with a median of 80.84% in 2023.
• The sharpest annual moves came in 2024 and 2025: Gross Margin jumped 243 bps in 2024, then slumped 291 bps in 2025.
• Over 5 years, Gross Margin stood at 80.66% in 2022, then rose by 0 bps to 80.79% in 2023, then increased by 1 bps to 81.23% in 2024, then slipped by 2 bps to 79.24% in 2025, then grew by 1 bps to 80.21% in 2026.
• According to Business Quant data, Gross Margin over the past three periods registered 80.21%, 79.65%, and 79.24% for Q2 2026, Q1 2026, and Q4 2025 respectively.