Dropbox (DBX) Operating Leases (2019 - 2026)

Dropbox has reported Operating Leases for 8 years, with the latest figure at $392.0 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Leases rose 42.81% year-over-year to $392.0 million; the trailing twelve-month figure through Mar 2026 stood at $392.0 million (up 42.81% YoY), and the FY2025 full-year result was $355.9 million, up 42.13% from the prior year.
• Operating Leases for Q1 2026 stood at $392.0 million, up from $355.9 million in the prior quarter.
• The five-year high for Operating Leases was $632.3 million in Q1 2022, with the low at $250.4 million in Q4 2024.
• Historically, Operating Leases has averaged $430.4 million across 5 years, with a median of $366.6 million in 2025.
• Annual changes were most pronounced in 2024 — Operating Leases sank 50.56% — and 2026, when it jumped 42.81%.
• Dropbox's Operating Leases stood at $585.2 million in 2022, then plunged by 46.91% to $310.7 million in 2023, then declined by 19.41% to $250.4 million in 2024, then surged by 42.13% to $355.9 million in 2025, then advanced by 10.14% to $392.0 million in 2026.
• The last three Operating Leases figures came in at $392.0 million (Q1 2026), $355.9 million (Q4 2025), and $366.6 million (Q3 2025), per Business Quant data.