Dropbox (DBX) Net Margin (2017 - 2026)

Dropbox (DBX) has reported Net Margin for 10 consecutive years, with 18.19% the latest figure, recorded in Q1 2026.

• Net Margin for Q1 2026 came in at 18.19%, down 587.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 18.71% (up 21.0% YoY), and the FY2025 annual result was 20.17%, up 242.0% from the prior year.
• Net Margin was 18.19% for Q1 2026 at Dropbox, up from 17.09% in the prior quarter.
• Over five years, Net Margin peaked at 54.83% in Q4 2022 and troughed at 6.94% in Q2 2023.
• Average Net Margin over 5 years is 19.76%, with a median of 17.42% recorded in 2024.
• Year-over-year, Net Margin soared 3279 bps in 2022 and sank 1982 bps in 2024.
• Over 5 years, Net Margin stood at 54.83% in 2022, then slumped by 35 bps to 35.8% in 2023, then tumbled by 55 bps to 15.97% in 2024, then increased by 7 bps to 17.09% in 2025, then rose by 6 bps to 18.19% in 2026.
• Per Business Quant data, the three most recent Net Margin figures were 18.19% in Q1 2026, 17.09% in Q4 2025, and 19.51% in Q3 2025.