Dropbox (DBX) Operating Expenses (2017 - 2026)

Dropbox's Operating Expenses history runs 10 years deep, the most recent figure standing at $328.6 million for 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 was $328.6 million for Q1 2026 at Dropbox, down from $341.9 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.
• 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 slumped 56.41% — and 2024, when it soared 77.08%.
• Dropbox's 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 3.89% to $328.6 million in 2026.
• Business Quant data shows DBX's Operating Expenses at $328.6 million in Q1 2026, $341.9 million in Q4 2025, and $331.4 million in Q3 2025.