Dropbox (DBX) Gross Margin (2017 - 2026)
Dropbox's Gross Margin was 80.21% in Q2 2026, down 0.02 percentage points from 80.23% a year earlier but up 0.56 percentage points from the prior quarter.
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Analysis
Dropbox (DBX) Gross Margin (2017 - 2026) Analysis & Trends
On a trailing twelve-month basis, Dropbox's Gross Margin was 79.72% through Jun 30, 2026, down 1.62 percentage points year-over-year; for FY2025, it was 80.13%, down 2.40 percentage points from FY2024.
- Gross Margin shows a five-year change of +1.80 percentage points (FY2020 to FY2025).
- In earlier years, Gross Margin was 82.53% in FY2024 (+1.66 pp), 80.87% in FY2023 (-0.02 pp), 80.89% in FY2022 (+1.48 pp) and 79.42% in FY2021 (+1.08 pp).
- Quarterly Gross Margin has moved between 79.24% (Q4 2025) and 83.24% (Q1 2024) over five years.
- Compared with a year earlier, Gross Margin has declined for six straight quarters, with an average year-over-year change of -1.18 percentage points over the last eight quarters.
- The best year-over-year quarter for Gross Margin over five years was Q2 2024 (a gain of 2.43 percentage points); the worst was Q2 2025 (a drop of 2.91 percentage points).
- Per Business Quant data, DBX's Gross Margin in the three quarters before Q2 2026 was 79.65% (Q1 2026), 79.24% (Q4 2025) and 79.78% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn | 88.71% |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn | 86.50% |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn | 48.42% |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn | 91.40% |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn | 77.16% |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn | 83.66% |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn | 80.21% |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn | 64.21% |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn | 71.89% |
| 10 | Open Text | 5.38 Bn | 813.39 Mn | 1.01 Bn | 74.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 80.21% |
| 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% |
API Access
Dropbox Gross Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=gross-margin&ticker=DBX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "ticker": "DBX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=gross-margin&ticker=DBX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();