Growth Metrics

Dropbox (DBX) Net Margin (2017 - 2025)

Dropbox (DBX) has disclosed Net Margin for 9 consecutive years, with 17.09% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Net Margin rose 111.0% year-over-year to 17.09%, compared with a TTM value of 20.17% through Dec 2025, up 242.0%, and an annual FY2025 reading of 20.17%, up 242.0% over the prior year.
  • Net Margin was 17.09% for Q4 2025 at Dropbox, down from 19.51% in the prior quarter.
  • Across five years, Net Margin topped out at 54.83% in Q4 2022 and bottomed at 6.94% in Q2 2023.
  • Average Net Margin over 5 years is 18.97%, with a median of 16.89% recorded in 2025.
  • The sharpest move saw Net Margin surged 9063bps in 2021, then tumbled -1982bps in 2024.
  • Year by year, Net Margin stood at 22.03% in 2021, then surged by 149bps to 54.83% in 2022, then plummeted by -35bps to 35.8% in 2023, then crashed by -55bps to 15.97% in 2024, then grew by 7bps to 17.09% in 2025.
  • Business Quant data shows Net Margin for DBX at 17.09% in Q4 2025, 19.51% in Q3 2025, and 20.07% in Q2 2025.