Dropbox (DBX) Operating Expenses (2017 - 2026)
Dropbox's (DBX) quarterly Operating Expenses came in at $341.7 million in Q2 2026, up 2.43% on a YoY basis from $333.6 million in Q2 2025, and up 3.99% quarter-over-quarter from $328.6 million in Q1 2026.
Analysis
Dropbox (DBX) Operating Expenses (2017 - 2026) Analysis & Trends
Dropbox (DBX) has reported Operating Expenses for 10 consecutive years, with $341.7 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 2.43% year-over-year to $341.7 million; the trailing twelve-month figure through Jun 2026 stood at $1.3 billion (down 9.96% YoY), and the FY2025 full-year result was $1.3 billion, down 17.68% from the prior year.
- Operating Expenses grew to $341.7 million in Q2 2026 per DBX's latest filing, from $328.6 million in the prior quarter.
- Across five years, Operating Expenses topped out at $563.4 million in Q4 2022 and bottomed at $245.6 million in Q4 2023.
- Historically, Operating Expenses has averaged $377.9 million across 5 years, with a median of $382.3 million in 2023.
- The sharpest annual moves came in 2023 and 2024: Operating Expenses plunged 56.41% in 2023, then jumped 77.08% in 2024.
- Over 5 years, Operating Expenses stood at $563.4 million in 2022, then slumped by 56.41% to $245.6 million in 2023, then surged by 77.08% to $434.9 million in 2024, then dropped by 21.38% to $341.9 million in 2025, then fell by 0.06% to $341.7 million in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $341.7 million, $328.6 million, and $341.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Atlassian | 45.74 Bn | 44.50 Bn | 1.53 Bn | 1.32 Bn |
| 2 | Dropbox | 7.60 Bn | 6.48 Bn | 506.50 Mn | 341.70 Mn |
| 3 | Open Text | 5.82 Bn | 4.86 Bn | 1.01 Bn | 691.79 Mn |
| 4 | Box | 4.72 Bn | 4.27 Bn | 253.97 Mn | 221.33 Mn |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn | 227.32 Mn |
| 6 | Cheetah Mobile | 105.81 Mn | -80.44 Mn | 24.15 Mn | -28.25 Mn |
| 7 | Upland Software | 10.29 Mn | -21.38 Mn | 37.47 Mn | 67.17 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 341.70 Mn |
| Mar 31, 2026 | 328.60 Mn |
| Dec 31, 2025 | 341.90 Mn |
| Sep 30, 2025 | 331.40 Mn |
| Jun 30, 2025 | 333.60 Mn |
| Mar 31, 2025 | 324.20 Mn |
| Dec 31, 2024 | 434.90 Mn |
| Sep 30, 2024 | 399.50 Mn |
| Jun 30, 2024 | 400.50 Mn |
| Mar 31, 2024 | 382.00 Mn |
| Dec 31, 2023 | 245.60 Mn |
| Sep 30, 2023 | 382.70 Mn |
| Jun 30, 2023 | 445.90 Mn |
| Mar 31, 2023 | 410.20 Mn |
| Dec 31, 2022 | 563.40 Mn |
| Sep 30, 2022 | 392.00 Mn |
| Jun 30, 2022 | 384.00 Mn |
| Mar 31, 2022 | 360.00 Mn |
| Dec 31, 2021 | 379.50 Mn |
| Sep 30, 2021 | 360.90 Mn |