Dropbox (DBX) Operating Expenses (2017 - 2026)

Dropbox has reported Operating Expenses for 10 years, with the latest figure at $328.6 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Expenses rose 1.36% year-over-year to $328.6 million; the trailing twelve-month figure through Mar 2026 stood at $1.3 billion (down 14.34% YoY), and the FY2025 full-year result was $1.3 billion, down 17.68% from the prior year.
• Operating Expenses for Q1 2026 stood at $328.6 million, down from $341.9 million in the prior quarter.
• The five-year high for Operating Expenses was $563.4 million in Q4 2022, with the low at $245.6 million in Q4 2023.
• Historically, Operating Expenses has averaged $380.0 million across 5 years, with a median of $382.7 million in 2023.
• Annual changes were most pronounced in 2023 — Operating Expenses tumbled 56.41% — and 2024, when it soared 77.08%.
• Dropbox's Operating Expenses 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.