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| Date | Value |
|---|---|
| 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 |