Dropbox (DBX) Shares Outstanding (Diluted) (2019 - 2026)
Dropbox (DBX) posted Shares Outstanding (Diluted) of 226.8 million for Q2 2026, down 18.0% from 276.7 million a year earlier and down 4.2% from the prior quarter.
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Analysis
Dropbox (DBX) Shares Outstanding (Diluted) (2019 - 2026) Analysis & Trends
For FY2025, Dropbox's Shares Outstanding (Diluted) came in at 272.8 million, down 15.6% from FY2024.
- Annual Shares Outstanding (Diluted) has declined for five consecutive years, with a five-year compound annual growth rate of -8.0% (FY2020 to FY2025).
- In prior years, Dropbox's Shares Outstanding (Diluted) was 323.4 million in FY2024 (-6.4%), 345.6 million in FY2023 (-4.9%), 363.3 million in FY2022 (-8.2%) and 395.8 million in FY2021 (-4.5%).
- The Q2 2026 figure stands as the lowest quarterly Shares Outstanding (Diluted) in data going back to Q1 2019.
- On a year-over-year basis, Shares Outstanding (Diluted) has declined in each of the last 22 quarters, with an average decline of 14.1% over the last eight quarters.
- Over the past five years, the year-over-year decline in Shares Outstanding (Diluted) ranged from 2.3% (Q1 2024) to 20.0% (Q1 2026).
- According to Business Quant data, Shares Outstanding (Diluted) for the three prior quarters was 236.7 million (Q1 2026), 272.8 million (Q4 2025) and 265.1 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Dil.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 97.58 Bn | 72.83 Bn | 6.00 Bn | 395.50 Mn |
| 2 | Atlassian | 55.96 Bn | 49.24 Bn | 1.53 Bn | 260.16 Mn |
| 3 | Autodesk | 50.57 Bn | 38.61 Bn | 1.87 Bn | 211.00 Mn |
| 4 | Twilio | 39.35 Bn | 29.42 Bn | 725.87 Mn | 159.71 Mn |
| 5 | Zoom Communications | 28.55 Bn | -2.24 Bn | 985.50 Mn | 299.75 Mn |
| 6 | Figma | 11.38 Bn | 4.89 Bn | 309.61 Mn | 527.46 Mn |
| 7 | Dropbox | 8.07 Bn | 3.71 Bn | 506.50 Mn | 226.80 Mn |
| 8 | Nice | 7.10 Bn | 5.56 Bn | 995.81 Mn | 63.32 Mn |
| 9 | RingCentral | 6.67 Bn | 6.16 Bn | 472.31 Mn | 86.62 Mn |
| 10 | Open Text | 6.41 Bn | 1.84 Bn | 1.01 Bn | 249.37 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 226.80 Mn |
| Mar 31, 2026 | 236.70 Mn |
| Dec 31, 2025 | 272.80 Mn |
| Sep 30, 2025 | 265.10 Mn |
| Jun 30, 2025 | 276.70 Mn |
| Mar 31, 2025 | 295.70 Mn |
| Dec 31, 2024 | 323.40 Mn |
| Sep 30, 2024 | 316.40 Mn |
| Jun 30, 2024 | 323.70 Mn |
| Mar 31, 2024 | 340.70 Mn |
| Dec 31, 2023 | 345.60 Mn |
| Sep 30, 2023 | 346.00 Mn |
| Jun 30, 2023 | 343.80 Mn |
| Mar 31, 2023 | 348.80 Mn |
| Dec 31, 2022 | 363.30 Mn |
| Sep 30, 2022 | 360.10 Mn |
| Jun 30, 2022 | 365.70 Mn |
| Mar 31, 2022 | 372.90 Mn |
| Dec 31, 2021 | 395.80 Mn |
| Sep 30, 2021 | 398.10 Mn |
API Access
Dropbox Shares Outstanding (Diluted) 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-diluted&ticker=DBX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-diluted", "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-diluted&ticker=DBX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();