Growth Metrics

Dropbox (DBX) Net Margin (2017 - 2026)

Dropbox filings provide 10 years of Net Margin readings, the most recent being 18.19% for Q1 2026.

  • Quarterly Net Margin fell 587.0% to 18.19% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 18.71% through Mar 2026, up 21.0% year-over-year, with the annual reading at 20.17% for FY2025, 242.0% up from the prior year.
  • Net Margin hit 18.19% in Q1 2026 for Dropbox, up from 17.09% 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 19.76%, with a median of 17.42% recorded in 2024.
  • The largest annual shift saw Net Margin surged 3279bps in 2022 before it tumbled -1982bps in 2024.
  • Dropbox's Net Margin stood at 54.83% in 2022, then crashed by -35bps to 35.8% in 2023, then tumbled by -55bps to 15.97% in 2024, then rose by 7bps to 17.09% in 2025, then grew by 6bps to 18.19% in 2026.
  • Per Business Quant, the three most recent readings for DBX's Net Margin are 18.19% (Q1 2026), 17.09% (Q4 2025), and 19.51% (Q3 2025).