Dropbox (DBX) Operating Income (2017 - 2026)

Dropbox (DBX) posted Operating Income of $172.8 million for Q1 2026, up 6.54% quarter-over-quarter from $162.2 million in Q4 2025, and down 5.98% year-on-year from $183.8 million in Q1 2025.

Dropbox (DBX) Operating Income (2017 - 2026) Analysis & Trends

Dropbox (DBX) has reported Operating Income for 10 consecutive years, with $172.8 million the latest figure, recorded in Q1 2026.

  • Operating Income for Q1 2026 came in at $172.8 million, down 5.98% year-over-year; the trailing twelve-month figure through Mar 2026 was $678.1 million (up 28.79% YoY), and the FY2025 annual result was $689.1 million, up 41.73% from the prior year.
  • Operating Income was $172.8 million for Q1 2026 at Dropbox, up from $162.2 million in the prior quarter.
  • Over five years, Operating Income peaked at $267.4 million in Q4 2023 and troughed at -$80.4 million in Q4 2022.
  • Average Operating Income over 5 years is $121.7 million, with a median of $127.8 million recorded in 2024.
  • Year-over-year, Operating Income plunged 214.53% in 2022 and soared 432.59% in 2023.
  • Over 5 years, Operating Income stood at -$80.4 million in 2022, then jumped by 432.59% to $267.4 million in 2023, then slumped by 67.13% to $87.9 million in 2024, then jumped by 84.53% to $162.2 million in 2025, then grew by 6.54% to $172.8 million in 2026.
  • Per Business Quant data, the three most recent Operating Income figures were $172.8 million in Q1 2026, $162.2 million in Q4 2025, and $174.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Op. Inc (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 38.40 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 6.13 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 754.00 Mn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 397.00 Mn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 13.79 Mn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 580.00 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn -61.99 Mn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 203.05 Mn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn -171.99 Mn
10 Dropbox 6.68 Bn 5.39 Bn 501.40 Mn 172.80 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 172.80 Mn
Dec 31, 2025 162.20 Mn
Sep 30, 2025 174.70 Mn
Jun 30, 2025 168.40 Mn
Mar 31, 2025 183.80 Mn
Dec 31, 2024 87.90 Mn
Sep 30, 2024 127.80 Mn
Jun 30, 2024 127.00 Mn
Mar 31, 2024 143.50 Mn
Dec 31, 2023 267.40 Mn
Sep 30, 2023 130.70 Mn
Jun 30, 2023 56.50 Mn
Mar 31, 2023 84.10 Mn
Dec 31, 2022 -80.40 Mn
Sep 30, 2022 89.30 Mn
Jun 30, 2022 82.90 Mn
Mar 31, 2022 89.50 Mn
Dec 31, 2021 70.20 Mn
Sep 30, 2021 77.30 Mn
Jun 30, 2021 84.40 Mn