Dropbox (DBX) Gross Margin (2017 - 2026)
Dropbox (DBX) posted Gross Margin of 79.65% for Q1 2026, up 0.52% quarter-over-quarter from 79.24% in Q4 2025, and down 167.0% year-on-year from 118.88% in Q1 2025.
Dropbox (DBX) Gross Margin (2017 - 2026) Analysis & Trends
Dropbox (DBX) has reported Gross Margin for 10 consecutive years, with 79.65% the latest figure, recorded in Q1 2026.
- Gross Margin for Q1 2026 came in at 79.65%, down 167.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 79.72% (down 234.0% YoY), and the FY2025 annual result was 80.13%, down 240.0% from the prior year.
- Gross Margin was 79.65% for Q1 2026 at Dropbox, up from 79.24% in the prior quarter.
- Over five years, Gross Margin peaked at 83.24% in Q1 2024 and troughed at 79.24% in Q4 2025.
- Average Gross Margin over 5 years is 81.02%, with a median of 80.89% recorded in 2023.
- Year-over-year, Gross Margin surged 243 bps in 2024 and tumbled 291 bps in 2025.
- Over 5 years, Gross Margin stood at 80.66% in 2022, then gained by 0 bps to 80.79% in 2023, then rose by 1 bps to 81.23% in 2024, then dropped by 2 bps to 79.24% in 2025, then advanced by 1 bps to 79.65% in 2026.
- Per Business Quant data, the three most recent Gross Margin figures were 79.65% in Q1 2026, 79.24% in Q4 2025, and 79.78% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 67.63% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 89.22% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 86.78% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 73.59% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 76.12% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 80.29% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 71.21% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 73.54% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 48.03% |
| 10 | Dropbox | 6.68 Bn | 5.39 Bn | 501.40 Mn | 79.65% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 79.65% |
| Dec 31, 2025 | 79.24% |
| Sep 30, 2025 | 79.78% |
| Jun 30, 2025 | 80.23% |
| Mar 31, 2025 | 81.32% |
| Dec 31, 2024 | 81.23% |
| Sep 30, 2024 | 82.55% |
| Jun 30, 2024 | 83.14% |
| Mar 31, 2024 | 83.24% |
| Dec 31, 2023 | 80.79% |
| Sep 30, 2023 | 81.11% |
| Jun 30, 2023 | 80.71% |
| Mar 31, 2023 | 80.89% |
| Dec 31, 2022 | 80.66% |
| Sep 30, 2022 | 81.44% |
| Jun 30, 2022 | 81.53% |
| Mar 31, 2022 | 79.93% |
| Dec 31, 2021 | 79.52% |
| Sep 30, 2021 | 79.64% |
| Jun 30, 2021 | 79.82% |