Dropbox (DBX) Shares Outstanding (2017 - 2026)
Dropbox's Weighted Average Shares Outstanding was 224.8 million in Q2 2026, down 17.5% from 272.4 million a year earlier and down 4.4% from the prior quarter.
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Analysis
Dropbox (DBX) Shares Outstanding (2017 - 2026) Analysis & Trends
For FY2025, Weighted Average Shares Outstanding at Dropbox came in at 268.3 million, down 15.7% from FY2024.
- Weighted Average Shares Outstanding has now declined for five consecutive years, with a five-year compound annual growth rate of -8.3% (FY2020 to FY2025).
- In earlier years, Weighted Average Shares Outstanding was 318.2 million in FY2024 (-6.7%), 341.2 million in FY2023 (-5.5%), 361.2 million in FY2022 (-6.9%) and 388 million in FY2021 (-6.3%).
- The Q2 2026 figure marks the lowest quarterly Weighted Average Shares Outstanding since Q1 2018.
- Compared with a year earlier, Weighted Average Shares Outstanding has declined for 22 straight quarters, with an average decline of 14.0% over the last eight quarters.
- Across the past five years, year-over-year decline in Weighted Average Shares Outstanding ran from 3.5% in Q1 2024 to 19.0% in Q1 2026.
- Per Business Quant data, DBX's Weighted Average Shares Outstanding in the three quarters before Q2 2026 was 235.2 million (Q1 2026), 268.3 million (Q4 2025) and 261.1 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 94.52 Bn | 69.77 Bn | 6.00 Bn | 395.00 Mn |
| 2 | Autodesk | 54.99 Bn | 43.02 Bn | 1.87 Bn | 210.00 Mn |
| 3 | Atlassian | 39.98 Bn | 33.26 Bn | 1.53 Bn | 260.16 Mn |
| 4 | Twilio | 30.87 Bn | 20.51 Bn | 760.53 Mn | 152.79 Mn |
| 5 | Zoom Communications | 26.33 Bn | -4.40 Bn | 985.50 Mn | 292.88 Mn |
| 6 | Figma | 10.00 Bn | 3.32 Bn | 314.44 Mn | 532.42 Mn |
| 7 | Dropbox | 7.80 Bn | 3.43 Bn | 506.50 Mn | 224.80 Mn |
| 8 | Open Text | 6.19 Bn | 1.62 Bn | 1.01 Bn | 249.03 Mn |
| 9 | RingCentral | 6.04 Bn | 5.57 Bn | 494.30 Mn | 83.86 Mn |
| 10 | Nice | 5.99 Bn | 4.56 Bn | 1.49 Bn | 62.33 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 224.80 Mn |
| Mar 31, 2026 | 235.20 Mn |
| Dec 31, 2025 | 268.30 Mn |
| Sep 30, 2025 | 261.10 Mn |
| Jun 30, 2025 | 272.40 Mn |
| Mar 31, 2025 | 290.30 Mn |
| Dec 31, 2024 | 318.20 Mn |
| Sep 30, 2024 | 314.50 Mn |
| Jun 30, 2024 | 322.40 Mn |
| Mar 31, 2024 | 334.80 Mn |
| Dec 31, 2023 | 341.20 Mn |
| Sep 30, 2023 | 339.20 Mn |
| Jun 30, 2023 | 341.40 Mn |
| Mar 31, 2023 | 347.10 Mn |
| Dec 31, 2022 | 361.20 Mn |
| Sep 30, 2022 | 358.10 Mn |
| Jun 30, 2022 | 364.10 Mn |
| Mar 31, 2022 | 370.70 Mn |
| Dec 31, 2021 | 388.00 Mn |
| Sep 30, 2021 | 385.50 Mn |
API Access
Dropbox Shares Outstanding 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=shares-outstanding&ticker=DBX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding", "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=shares-outstanding&ticker=DBX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();