Dropbox (DBX) Operating Leases (2019 - 2026)

Dropbox's Operating Leases history runs 8 years deep, the most recent figure standing at $392.0 million for Q1 2026.

• Quarterly Operating Leases rose 22.96% year-over-year to $392.0 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $392.0 million (up 22.96% YoY) and the FY2025 annual result came in at $355.9 million, up 42.13% from the prior year.
• Operating Leases was $392.0 million for Q1 2026 at Dropbox, up from $355.9 million in the prior quarter.
• Across five years, Operating Leases topped out at $662.3 million in Q3 2022 and bottomed at $250.4 million in Q4 2024.
• A 5-year average of $448.5 million and a median of $392.0 million in 2026 frame the typical range for Operating Leases.
• Annual changes were most pronounced in 2024 — Operating Leases plunged 51.91% — and 2025, when it jumped 58.02%.
• Dropbox's 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 grew by 10.14% to $392.0 million in 2026.
• Business Quant data shows DBX's Operating Leases at $392.0 million in Q1 2026, $355.9 million in Q4 2025, and $418.6 million in Q3 2025.