Dropbox (DBX) Return on Capital Employed (2018 - 2026)

Dropbox has reported Return on Capital Employed for 9 years, with the latest figure at 38.48% in Q1 2026.

• For the quarter ending Q1 2026, Return on Capital Employed fell 189.0% year-over-year to 38.48%; the trailing twelve-month figure through Mar 2026 stood at 38.48% (down 189.0% YoY), and the FY2025 full-year result was 57.83%, up 3282.0% from the prior year.
• Return on Capital Employed for Q1 2026 stood at 38.48%, down from 74.35% in the prior quarter.
• The five-year high for Return on Capital Employed was 74.35% in Q4 2025, with the low at 8.36% in Q2 2023.
• Historically, Return on Capital Employed has averaged 32.73% across 5 years, with a median of 30.0% in 2023.
• Annual changes were most pronounced in 2023 — Return on Capital Employed plunged 1080 bps — and 2025, when it jumped 4641 bps.
• Dropbox's Return on Capital Employed stood at 10.6% in 2022, then jumped by 183 bps to 30.0% in 2023, then declined by 7 bps to 27.94% in 2024, then surged by 166 bps to 74.35% in 2025, then plunged by 48 bps to 38.48% in 2026.
• The last three Return on Capital Employed figures came in at 38.48% (Q1 2026), 74.35% (Q4 2025), and 69.52% (Q3 2025), per Business Quant data.