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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Dropbox (DBX) Operating Margin (2017 - 2025)

Dropbox (DBX) has disclosed Operating Margin for 9 consecutive years, with 25.5% as the latest value for Q4 2025.

  • For the quarter ending Q4 2025, Operating Margin rose 1184.0% year-over-year to 25.5%, compared with a TTM value of 27.33% through Dec 2025, up 825.0%, and an annual FY2025 reading of 27.33%, up 825.0% over the prior year.
  • Operating Margin was 25.5% for Q4 2025 at Dropbox, down from 27.54% in the prior quarter.
  • Across five years, Operating Margin topped out at 42.11% in Q4 2023 and bottomed at 13.43% in Q4 2022.
  • Average Operating Margin over 5 years is 17.71%, with a median of 15.91% recorded in 2021.
  • The sharpest move saw Operating Margin soared 8117bps in 2021, then crashed -2845bps in 2024.
  • Year by year, Operating Margin stood at 12.41% in 2021, then crashed by -208bps to 13.43% in 2022, then surged by 414bps to 42.11% in 2023, then plummeted by -68bps to 13.66% in 2024, then skyrocketed by 87bps to 25.5% in 2025.
  • Business Quant data shows Operating Margin for DBX at 25.5% in Q4 2025, 27.54% in Q3 2025, and 26.91% in Q2 2025.