Dropbox (DBX) Net Margin (2017 - 2026)
Dropbox's (DBX) quarterly Net Margin came in at 18.19% in Q1 2026, down 587.0% YoY from 3.73% in Q1 2025, and up 6.46% on a QoQ basis from 17.09% in Q4 2025.
Dropbox (DBX) Net Margin (2017 - 2026) Analysis & Trends
Dropbox (DBX) has 10 years of Net Margin data on file, last reported at 18.19% in Q1 2026.
- Quarterly Net Margin fell 587.0% year-over-year to 18.19% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 18.71% (up 21.0% YoY) and the FY2025 annual result came in at 20.17%, up 242.0% from the prior year.
- Net Margin grew to 18.19% in Q1 2026, from 17.09% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 54.83% in Q4 2022 to a low of 6.94% in Q2 2023.
- A 5-year average of 19.76% and a median of 17.42% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin jumped 3279 bps — and 2024, when it tumbled 1982 bps.
- Tracing DBX's Net Margin over 5 years: stood at 54.83% in 2022, then tumbled by 35 bps to 35.8% in 2023, then plunged by 55 bps to 15.97% in 2024, then advanced by 7 bps to 17.09% in 2025, then climbed by 6 bps to 18.19% in 2026.
- The last three Net Margin figures came in at 18.19% (Q1 2026), 17.09% (Q4 2025), and 19.51% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 36.78% |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 55.08% |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 30.88% |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | -5.90% |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 29.55% |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | -24.42% |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 2.69% |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | -24.31% |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 1.32% |
| 10 | Dropbox | 7.61 Bn | 6.50 Bn | 506.50 Mn | 15.17% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 15.17% |
| Mar 31, 2026 | 18.19% |
| Dec 31, 2025 | 17.09% |
| Sep 30, 2025 | 19.51% |
| Jun 30, 2025 | 20.07% |
| Mar 31, 2025 | 24.06% |
| Dec 31, 2024 | 15.97% |
| Sep 30, 2024 | 16.70% |
| Jun 30, 2024 | 17.42% |
| Mar 31, 2024 | 20.96% |
| Dec 31, 2023 | 35.80% |
| Sep 30, 2023 | 18.03% |
| Jun 30, 2023 | 6.94% |
| Mar 31, 2023 | 11.29% |
| Dec 31, 2022 | 54.83% |
| Sep 30, 2022 | 14.08% |
| Jun 30, 2022 | 10.83% |
| Mar 31, 2022 | 14.17% |
| Dec 31, 2021 | 22.03% |
| Sep 30, 2021 | 13.74% |