Dropbox (DBX) Operating Expenses (2017 - 2026)
Dropbox's (DBX) quarterly Operating Expenses came in at $328.6 million in Q1 2026, up 1.36% YoY from $324.2 million in Q1 2025, and down 3.89% on a QoQ basis from $341.9 million in Q4 2025.
Dropbox (DBX) Operating Expenses (2017 - 2026) Analysis & Trends
Dropbox (DBX) has 10 years of Operating Expenses data on file, last reported at $328.6 million in Q1 2026.
- Quarterly Operating Expenses rose 1.36% year-over-year to $328.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.3 billion (down 14.34% YoY) and the FY2025 annual result came in at $1.3 billion, down 17.68% from the prior year.
- Operating Expenses retreated to $328.6 million in Q1 2026, from $341.9 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $563.4 million in Q4 2022 to a low of $245.6 million in Q4 2023.
- A 5-year average of $380.0 million and a median of $382.7 million in 2023 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2023 — Operating Expenses tumbled 56.41% — and 2024, when it soared 77.08%.
- Tracing DBX's Operating Expenses over 5 years: stood at $563.4 million in 2022, then plunged by 56.41% to $245.6 million in 2023, then soared by 77.08% to $434.9 million in 2024, then decreased by 21.38% to $341.9 million in 2025, then dropped by 3.89% to $328.6 million in 2026.
- The last three Operating Expenses figures came in at $328.6 million (Q1 2026), $341.9 million (Q4 2025), and $331.4 million (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 12.28 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 726.59 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 13.05 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 2.21 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 953.90 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 705.21 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 1.57 Bn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 2.62 Bn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 2.72 Bn |
| 10 | Dropbox | 7.61 Bn | 6.50 Bn | 506.50 Mn | 341.70 Mn |
Historic Data
Download 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 |