Dropbox (DBX) Operating Leases (2019 - 2026)
Dropbox's Operating Leases came in at $334.2 million for Q2 2026, up 5.0% from $318.3 million a year earlier but down 1.9% from the prior quarter.
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Analysis
Dropbox (DBX) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Dropbox's Operating Leases was $355.9 million, up 42.1% from FY2024.
- Operating Leases carries a five-year compound annual growth rate of -14.1% (FY2020 to FY2025).
- Going back by year, Operating Leases was $250.4 million in FY2024 (-19.4%), $310.7 million in FY2023 (-46.9%), $585.2 million in FY2022 (-7.4%) and $632 million in FY2021 (-16.8%).
- The five-year range for quarterly Operating Leases is $250.4 million (Q4 2024) to $743.6 million (Q3 2021).
- Year-over-year, Operating Leases has increased for five consecutive quarters, with growth averaging 6.4% over the last eight quarters.
- The fastest year-over-year change in Operating Leases over five years came in Q4 2025 (growth of 42.1%), and the weakest in Q3 2024 (a decline of 51.9%).
- Business Quant data shows DBX's Operating Leases at $340.6 million (Q1 2026), $355.9 million (Q4 2025) and $366.6 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn |
| 10 | Open Text | 5.38 Bn | 813.39 Mn | 1.01 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 334.20 Mn |
| Mar 31, 2026 | 340.60 Mn |
| Dec 31, 2025 | 355.90 Mn |
| Sep 30, 2025 | 366.60 Mn |
| Jun 30, 2025 | 318.30 Mn |
| Mar 31, 2025 | 274.50 Mn |
| Dec 31, 2024 | 250.40 Mn |
| Sep 30, 2024 | 264.90 Mn |
| Jun 30, 2024 | 274.90 Mn |
| Mar 31, 2024 | 281.60 Mn |
| Dec 31, 2023 | 310.70 Mn |
| Sep 30, 2023 | 550.80 Mn |
| Jun 30, 2023 | 553.80 Mn |
| Mar 31, 2023 | 569.60 Mn |
| Dec 31, 2022 | 585.20 Mn |
| Sep 30, 2022 | 589.70 Mn |
| Jun 30, 2022 | 608.70 Mn |
| Mar 31, 2022 | 632.30 Mn |
| Dec 31, 2021 | 632.00 Mn |
| Sep 30, 2021 | 743.60 Mn |
API Access
Dropbox Operating Leases API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-leases&ticker=DBX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "ticker": "DBX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-leases&ticker=DBX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();