Dropbox (DBX) Net Margin (2017 - 2026)

Dropbox (DBX) has reported Net Margin for 10 consecutive years, with 15.17% the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Net Margin fell 490.0% year-over-year to 15.17%; the trailing twelve-month figure through Jun 2026 stood at 17.49% (down 167.0% YoY), and the FY2025 full-year result was 20.17%, up 242.0% from the prior year.
• Net Margin declined to 15.17% in Q2 2026 per DBX's latest filing, from 18.19% 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.
• Historically, Net Margin has averaged 19.51% across 5 years, with a median of 17.25% in 2024.
• The sharpest annual moves came in 2022 and 2024: Net Margin surged 3279 bps in 2022, then plunged 1982 bps in 2024.
• Over 5 years, Net Margin stood at 54.83% in 2022, then sank by 35 bps to 35.8% in 2023, then slumped by 55 bps to 15.97% in 2024, then grew by 7 bps to 17.09% in 2025, then retreated by 11 bps to 15.17% in 2026.
• According to Business Quant data, Net Margin over the past three periods registered 15.17%, 18.19%, and 17.09% for Q2 2026, Q1 2026, and Q4 2025 respectively.