Dropbox, Inc. (DBX) stock
DBXNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Nov 6, 2026Score 11/3029% below fair value
$33.51+0.35 (+1.06%)
Close on Nov 12, 2026Market cap $7.56BP/E 18.1Yield –
Dropbox gross margin
Gross margin is gross profit as a percentage of revenue.
Dropbox's gross margin for the twelve months ending Sep 30, 2026 was 79.9%. For fiscal 2025 it was 80.1%, against 82.5% the year before. The highest annual figure on record is 82.5% in fiscal 2024.
Annual gross margin
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| FY2025 | Dec 31, 2025 | 80.1% | −2.4 |
| FY2024 | Dec 31, 2024 | 82.5% | +1.7 |
| FY2023 | Dec 31, 2023 | 80.9% | −0.0 |
| FY2022 | Dec 31, 2022 | 80.9% | +1.5 |
| FY2021 | Dec 31, 2021 | 79.4% | +1.1 |
| FY2020 | Dec 31, 2020 | 78.3% | +3.1 |
| FY2019 | Dec 31, 2019 | 75.3% | +3.6 |
| FY2018 | Dec 31, 2018 | 71.6% | +5.0 |
| FY2017 | Dec 31, 2017 | 66.7% | +12.9 |
| FY2016 | Dec 31, 2016 | 53.8% | – |
Quarterly gross margin
Change is against the same quarter a year earlier.
| Period | Period end | Value | Change (pts) |
|---|---|---|---|
| Q3 FY2026 | Sep 30, 2026 | 80.6% | +0.8 |
| Q2 FY2026 | Jun 30, 2026 | 80.2% | −0.0 |
| Q1 FY2026 | Mar 31, 2026 | 79.7% | −1.7 |
| Q4 FY2025 | Dec 31, 2025 | 79.2% | −2.0 |
| Q3 FY2025 | Sep 30, 2025 | 79.8% | −2.8 |
| Q2 FY2025 | Jun 30, 2025 | 80.2% | −2.9 |
| Q1 FY2025 | Mar 31, 2025 | 81.3% | −1.9 |
| Q4 FY2024 | Dec 31, 2024 | 81.2% | +0.4 |
| Q3 FY2024 | Sep 30, 2024 | 82.5% | +1.4 |
| Q2 FY2024 | Jun 30, 2024 | 83.1% | +2.4 |
| Q1 FY2024 | Mar 31, 2024 | 83.2% | +2.4 |
| Q4 FY2023 | Dec 31, 2023 | 80.8% | +0.1 |
| Q3 FY2023 | Sep 30, 2023 | 81.1% | −0.3 |
| Q2 FY2023 | Jun 30, 2023 | 80.7% | −0.8 |
| Q1 FY2023 | Mar 31, 2023 | 80.9% | +1.0 |
| Q4 FY2022 | Dec 31, 2022 | 80.7% | +1.1 |
| Q3 FY2022 | Sep 30, 2022 | 81.4% | +1.8 |
| Q2 FY2022 | Jun 30, 2022 | 81.5% | +1.7 |
| Q1 FY2022 | Mar 31, 2022 | 79.9% | +1.3 |
| Q4 FY2021 | Dec 31, 2021 | 79.5% | +0.5 |
| Q3 FY2021 | Sep 30, 2021 | 79.6% | +0.8 |
| Q2 FY2021 | Jun 30, 2021 | 79.8% | +1.7 |
| Q1 FY2021 | Mar 31, 2021 | 78.6% | +1.3 |
| Q4 FY2020 | Dec 31, 2020 | 79.0% | +2.5 |
| Q3 FY2020 | Sep 30, 2020 | 78.8% | +3.3 |
| Q2 FY2020 | Jun 30, 2020 | 78.1% | +3.7 |
| Q1 FY2020 | Mar 31, 2020 | 77.3% | +2.9 |
| Q4 FY2019 | Dec 31, 2019 | 76.5% | +1.6 |
| Q3 FY2019 | Sep 30, 2019 | 75.5% | +0.6 |
| Q2 FY2019 | Jun 30, 2019 | 74.4% | +0.8 |
| Q1 FY2019 | Mar 31, 2019 | 74.5% | +12.6 |
| Q4 FY2018 | Dec 31, 2018 | 74.9% | +4.9 |
| Q3 FY2018 | Sep 30, 2018 | 75.0% | +6.9 |
| Q2 FY2018 | Jun 30, 2018 | 73.6% | +8.2 |
| Q1 FY2018 | Mar 31, 2018 | 61.9% | −0.4 |
| Q4 FY2017 | Dec 31, 2017 | 70.0% | – |
| Q3 FY2017 | Sep 30, 2017 | 68.1% | – |
| Q2 FY2017 | Jun 30, 2017 | 65.4% | – |
| Q1 FY2017 | Mar 31, 2017 | 62.3% | – |
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