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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Dropbox (DBX) Gross Margin (2017 - 2025)

Dropbox's Gross Margin history spans 9 years, with the latest figure at 79.24% for Q4 2025.

  • For Q4 2025, Gross Margin fell 199.0% year-over-year to 79.24%; the TTM value through Dec 2025 reached 80.13%, down 240.0%, while the annual FY2025 figure was 80.13%, 240.0% down from the prior year.
  • Gross Margin reached 79.24% in Q4 2025 per DBX's latest filing, down from 79.78% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 83.24% in Q1 2024 to a low of 78.64% in Q1 2021.
  • Average Gross Margin over 5 years is 80.77%, with a median of 80.75% recorded in 2023.
  • Peak YoY movement for Gross Margin: skyrocketed 243bps in 2024, then tumbled -291bps in 2025.
  • A 5-year view of Gross Margin shows it stood at 79.52% in 2021, then rose by 1bps to 80.66% in 2022, then rose by 0bps to 80.79% in 2023, then increased by 1bps to 81.23% in 2024, then fell by -2bps to 79.24% in 2025.
  • Per Business Quant, the three most recent readings for DBX's Gross Margin are 79.24% (Q4 2025), 79.78% (Q3 2025), and 80.23% (Q2 2025).