Dropbox (DBX) Shares Outstanding (Entity) (2017 - 2026)
Dropbox (DBX) recorded Shares Outstanding (Entity) of 219.7 million in Q2 2026, down 17.8% from 267.4 million a year earlier and down 4.6% from the prior quarter.
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Analysis
Dropbox (DBX) Shares Outstanding (Entity) (2017 - 2026) Analysis & Trends
For FY2025, Dropbox reported Shares Outstanding (Entity) of 242.9 million, down 17.9% from FY2024.
- Annual Shares Outstanding (Entity) has declined for six straight years, with a five-year compound annual growth rate of -9.8% (FY2020 to FY2025).
- Across earlier years, Shares Outstanding (Entity) came in at 295.9 million in FY2024 (-12.1%), 336.7 million in FY2023 (-3.6%), 349.4 million in FY2022 (-7.0%) and 375.5 million in FY2021 (-7.4%).
- The Q2 2026 figure is the lowest quarterly Shares Outstanding (Entity) since Q4 2017.
- On a year-over-year basis, Shares Outstanding (Entity) has declined for 24 consecutive quarters, with an average decline of 15.3% over the last eight quarters.
- Across the past five years, year-over-year decline in Shares Outstanding (Entity) ran from 3.6% in Q4 2023 to 17.9% in Q4 2025.
- Per Business Quant, the preceding three quarters came in at 230.3 million (Q1 2026), 242.9 million (Q4 2025) and 255.5 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Shares Outstanding (Entity.) (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn | 391.00 Mn |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn | 260.16 Mn |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn | 153.58 Mn |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn | 209.00 Mn |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn | 292.33 Mn |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn | 530.57 Mn |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn | 219.70 Mn |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn | - |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn | 83.76 Mn |
| 10 | Open Text | 5.38 Bn | 813.39 Mn | 1.01 Bn | 242.13 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 219.70 Mn |
| Mar 31, 2026 | 230.30 Mn |
| Dec 31, 2025 | 242.90 Mn |
| Sep 30, 2025 | 255.50 Mn |
| Jun 30, 2025 | 267.40 Mn |
| Mar 31, 2025 | 279.40 Mn |
| Dec 31, 2024 | 295.90 Mn |
| Sep 30, 2024 | 306.30 Mn |
| Jun 30, 2024 | 318.70 Mn |
| Mar 31, 2024 | 327.70 Mn |
| Dec 31, 2023 | 336.70 Mn |
| Sep 30, 2023 | 338.20 Mn |
| Jun 30, 2023 | 339.60 Mn |
| Mar 31, 2023 | 343.70 Mn |
| Dec 31, 2022 | 349.40 Mn |
| Sep 30, 2022 | 354.90 Mn |
| Jun 30, 2022 | 360.30 Mn |
| Mar 31, 2022 | 367.00 Mn |
| Dec 31, 2021 | 375.50 Mn |
| Sep 30, 2021 | 382.80 Mn |
API Access
Dropbox Shares Outstanding (Entity) 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-entity&ticker=DBX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "shares-outstanding-entity", "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-entity&ticker=DBX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();