Growth Metrics

Dropbox (DBX) Operating Margin: 2017-2025

Historic Operating Margin for Dropbox (DBX) over the last 9 years, with Sep 2025 value amounting to 27.54%.

  • Dropbox's Operating Margin rose 753.00% to 27.54% in Q3 2025 from the same period last year, while for Sep 2025 it was 24.32%, marking a year-over-year decrease of 190.00%. This contributed to the annual value of 19.08% for FY2024, which is 245.00% down from last year.
  • Latest data reveals that Dropbox reported Operating Margin of 27.54% as of Q3 2025, which was up 2.32% from 26.91% recorded in Q2 2025.
  • Dropbox's Operating Margin's 5-year high stood at 42.11% during Q4 2023, with a 5-year trough of -13.43% in Q4 2022.
  • Over the past 3 years, Dropbox's median Operating Margin value was 20.65% (recorded in 2023), while the average stood at 22.35%.
  • Per our database at Business Quant, Dropbox's Operating Margin soared by 8,117bps in 2021 and then tumbled by 2,845bps in 2024.
  • Quarterly analysis of 5 years shows Dropbox's Operating Margin stood at 12.41% in 2021, then plummeted by 2,584bps to -13.43% in 2022, then skyrocketed by 5,554bps to 42.11% in 2023, then slumped by 2,845bps to 13.66% in 2024, then soared by 753bps to 27.54% in 2025.
  • Its last three reported values are 27.54% in Q3 2025, 26.91% for Q2 2025, and 29.42% during Q1 2025.