Dropbox (DBX) Operating Leases (2019 - 2026)
Dropbox's (DBX) quarterly Operating Leases came in at $389.3 million in Q2 2026, up 7.39% on a YoY basis from $362.5 million in Q2 2025, and down 0.69% quarter-over-quarter from $392.0 million in Q1 2026.
Analysis
Dropbox (DBX) Operating Leases (2019 - 2026) Analysis & Trends
Dropbox (DBX) has reported Operating Leases for 8 consecutive years, with $389.3 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Leases rose 7.39% year-over-year to $389.3 million; the trailing twelve-month figure through Jun 2026 stood at $389.3 million (up 7.39% YoY), and the FY2025 full-year result was $355.9 million, up 42.13% from the prior year.
- Operating Leases fell to $389.3 million in Q2 2026 per DBX's latest filing, from $392.0 million in the prior quarter.
- Across five years, Operating Leases topped out at $714.9 million in Q1 2022 and bottomed at $250.4 million in Q4 2024.
- Historically, Operating Leases has averaged $464.2 million across 5 years, with a median of $390.6 million in 2026.
- The sharpest annual moves came in 2023 and 2025: Operating Leases plunged 46.91% in 2023, then surged 42.13% in 2025.
- Over 5 years, Operating Leases stood at $585.2 million in 2022, then slumped by 46.91% to $310.7 million in 2023, then retreated by 19.41% to $250.4 million in 2024, then jumped by 42.13% to $355.9 million in 2025, then rose by 9.38% to $389.3 million in 2026.
- According to Business Quant data, Operating Leases over the past three periods registered $389.3 million, $392.0 million, and $355.9 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Atlassian | 45.74 Bn | 44.50 Bn | 1.53 Bn |
| 2 | Dropbox | 7.60 Bn | 6.48 Bn | 506.50 Mn |
| 3 | Open Text | 5.82 Bn | 4.86 Bn | 1.01 Bn |
| 4 | Box | 4.72 Bn | 4.27 Bn | 253.97 Mn |
| 5 | Asana | 2.03 Bn | 1.81 Bn | 186.10 Mn |
| 6 | Cheetah Mobile | 105.81 Mn | -80.44 Mn | 24.15 Mn |
| 7 | Upland Software | 10.29 Mn | -21.38 Mn | 37.47 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 389.30 Mn |
| Mar 31, 2026 | 392.00 Mn |
| Dec 31, 2025 | 355.90 Mn |
| Sep 30, 2025 | 418.60 Mn |
| Jun 30, 2025 | 362.50 Mn |
| Mar 31, 2025 | 318.80 Mn |
| Dec 31, 2024 | 250.40 Mn |
| Sep 30, 2024 | 333.70 Mn |
| Jun 30, 2024 | 344.00 Mn |
| Mar 31, 2024 | 356.60 Mn |
| Dec 31, 2023 | 310.70 Mn |
| Sep 30, 2023 | 618.20 Mn |
| Jun 30, 2023 | 621.20 Mn |
| Mar 31, 2023 | 634.40 Mn |
| Dec 31, 2022 | 585.20 Mn |
| Sep 30, 2022 | 662.30 Mn |
| Jun 30, 2022 | 686.00 Mn |
| Mar 31, 2022 | 714.90 Mn |
| Dec 31, 2021 | 632.00 Mn |
| Sep 30, 2021 | 828.80 Mn |