Dropbox (DBX) Invested Capital (2018 - 2026)

Dropbox's Invested Capital history runs 9 years deep, the most recent figure standing at $314.6 million for Q1 2026.

• Quarterly Invested Capital fell 6.56% year-over-year to $314.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.3 billion (up 5.57% YoY) and the FY2025 annual result came in at $345.8 million, up 5.81% from the prior year.
• Invested Capital was $314.6 million for Q1 2026 at Dropbox, down from $345.8 million in the prior quarter.
• Across five years, Invested Capital topped out at $345.8 million in Q4 2025 and bottomed at $244.6 million in Q3 2022.
• A 5-year average of $293.7 million and a median of $282.7 million in 2024 frame the typical range for Invested Capital.
• Annual changes were most pronounced in 2022 — Invested Capital decreased 19.3% — and 2025, when it rose 20.55%.
• Dropbox's Invested Capital stood at $266.5 million in 2022, then rose by 6.83% to $284.7 million in 2023, then rose by 14.79% to $326.8 million in 2024, then rose by 5.81% to $345.8 million in 2025, then decreased by 9.02% to $314.6 million in 2026.
• Business Quant data shows DBX's Invested Capital at $314.6 million in Q1 2026, $345.8 million in Q4 2025, and $337.8 million in Q3 2025.