Dropbox (DBX) Return on Capital Employed [ROCE] (2018 - 2026)
Dropbox's Return on Capital Employed [ROCE] came in at 38.55% for Q2 2026, down 17.51 percentage points from 56.05% a year earlier but up 0.06 percentage points from the prior quarter.
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Analysis
Dropbox (DBX) Return on Capital Employed [ROCE] (2018 - 2026) Analysis & Trends
For FY2025, Dropbox's Return on Capital Employed [ROCE] was 57.83%, up 32.82 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a five-year change of +76.86 percentage points (FY2020 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was 25.02% in FY2024 (-4.18 pp), 29.19% in FY2023 (+19.67 pp), 9.52% in FY2022 (-8.03 pp) and 17.55% in FY2021 (+36.58 pp).
- The five-year range for quarterly Return on Capital Employed [ROCE] is -6.60% (Q3 2021) to 74.35% (Q4 2025).
- Year-over-year, Return on Capital Employed [ROCE] increased in five of the last eight quarters, with an average year-over-year change of +12.87 percentage points.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2025 (a gain of 46.41 percentage points), and the weakest in Q2 2026 (a drop of 17.51 percentage points).
- Business Quant data shows DBX's Return on Capital Employed [ROCE] at 38.48% (Q1 2026), 74.35% (Q4 2025) and 69.52% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn | 51.31% |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn | 0.45% |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn | 2.39% |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn | 35.01% |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn | 11.23% |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn | -93.81% |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn | 38.55% |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn | 43.95% |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn | 23.49% |
| 10 | Open Text | 5.38 Bn | 813.39 Mn | 1.01 Bn | 10.22% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 38.55% |
| Mar 31, 2026 | 38.48% |
| Dec 31, 2025 | 74.35% |
| Sep 30, 2025 | 69.52% |
| Jun 30, 2025 | 56.05% |
| Mar 31, 2025 | 40.37% |
| Dec 31, 2024 | 27.94% |
| Sep 30, 2024 | 46.05% |
| Jun 30, 2024 | 42.48% |
| Mar 31, 2024 | 34.70% |
| Dec 31, 2023 | 30.00% |
| Sep 30, 2023 | 10.74% |
| Jun 30, 2023 | 8.36% |
| Mar 31, 2023 | 9.26% |
| Dec 31, 2022 | 10.60% |
| Sep 30, 2022 | 21.08% |
| Jun 30, 2022 | 19.16% |
| Mar 31, 2022 | 17.33% |
| Dec 31, 2021 | 13.45% |
| Sep 30, 2021 | -6.60% |
API Access
Dropbox Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=DBX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "DBX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=DBX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();