DBXNasdaqServices-Prepackaged SoftwareFiscal year ends December 31
DROPBOX, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$35.94+0.37 (+1.04%)
Close on Oct 19, 2026
- Market cap
- $8.15B
- P/E (TTM)
- 20.0
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
80.3%
181M of 226M shares
Institutional holders
452
83 new, 51 sold out
Net institutional buying
-3M
In Q2 2026
Insider trades, 12 months
0 buys · 70 sales
Net sold $45.53M
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Arrowstreet Capital, Limited Partnership | 8,533,736 | 5.40% | 13G (passive) | Mar 31, 2026 |
| Andrew Houston | 84,044,727 | 35.30% | 13G (passive) amendment | Mar 31, 2026 |
| BlackRock, Inc. | 21,859,416 | 10.10% | 13G (passive) amendment | Mar 31, 2025 |
| Vanguard Portfolio Management | 12,363,722 | 7.46% | 13G (passive) | Mar 31, 2026 |
| Lsv Asset Management | 11,517,528 | 7.30% | 13G (passive) amendment | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of DBX | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| BlackRock, Inc. | 18,450,111 | 8.17% | $506.82M | −2,388,980 | 0.01% |
| Lsv Asset Management | 11,517,528 | 5.10% | $316.39K | −165,053 | 0.57% |
| Vanguard Portfolio Management LLC | 10,582,149 | 4.69% | $290.69M | −1,647,313 | 0.01% |
| Arrowstreet Capital, Limited Partnership | 7,840,023 | 3.47% | $215.37M | −693,713 | 0.10% |
| Renaissance Technologies LLC | 7,213,667 | 3.20% | $198.16M | −507,400 | 0.27% |
| Vanguard Capital Management LLC | 6,541,220 | 2.90% | $179.69M | −459,988 | 0.00% |
| Acadian Asset Management LLC | 6,062,950 | 2.69% | $166.52K | +371,965 | 0.20% |
| Morgan Stanley | 5,518,521 | 2.44% | $151.59M | −733,860 | 0.01% |
| State Street Corp | 5,344,133 | 2.37% | $146.80M | −424,230 | 0.00% |
| Geode Capital Management, LLC | 4,679,914 | 2.07% | $128.57M | +144,439 | 0.01% |
| Jacobs Levy Equity Management, Inc | 4,356,717 | 1.93% | $119.68M | −446,504 | 0.43% |
| Royal Bank of Canada | 4,089,121 | 1.81% | $112.33M | +3,627,168 | 0.02% |
| Two Sigma Investments, LP | 3,955,667 | 1.75% | $108.66M | −391,974 | 0.08% |
| Goldman Sachs Group Inc | 3,663,183 | 1.62% | $100.63M | +1,537,292 | 0.01% |
| Allianz Asset Management GmbH | 3,562,257 | 1.58% | $95.71M | −85,401 | 0.09% |
| Robeco Institutional Asset Management B.V. | 3,144,127 | 1.39% | $86.37M | +29,097 | 0.11% |
| UBS Group AG | 3,096,895 | 1.37% | $85.07M | −142,737 | 0.01% |
| Wedge Capital Management L L P/Nc | 3,005,173 | 1.33% | $82.55M | +627,111 | 1.36% |
| Dimensional Fund Advisors LP | 2,806,149 | 1.24% | $77.08M | +44,264 | 0.01% |
| Barclays PLC | 2,327,240 | 1.03% | $63.93M | +642,434 | 0.01% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 452 | 181M | 80.3% | 83 / 141 | 177 / 51 | 18M | 21M |
| Q1 2026 | 427 | 184M | 81.7% | 53 / 148 | 169 / 93 | 36M | 25M |
| Q4 2025 | 475 | 197M | 87.2% | 70 / 158 | 173 / 57 | 18M | 20M |
| Q3 2025 | 471 | 200M | 88.5% | 69 / 153 | 179 / 62 | 18M | 22M |
| Q2 2025 | 469 | 204M | 90.2% | 73 / 168 | 167 / 54 | 17M | 34M |
| Q1 2025 | 456 | 222M | 98.2% | 74 / 146 | 170 / 67 | 21M | 30M |
| Q4 2024 | 454 | 231M | 100.0% | 83 / 150 | 159 / 45 | 24M | 14M |
| Q3 2024 | 424 | 221M | 97.9% | 67 / 132 | 157 / 69 | 46M | 21M |
| Q2 2024 | 430 | 224M | 99.2% | 74 / 122 | 174 / 82 | 35M | 58M |
| Q1 2024 | 445 | 248M | 100.0% | 64 / 145 | 171 / 77 | 26M | 22M |
| Q4 2023 | 461 | 245M | 100.0% | 58 / 156 | 169 / 53 | 29M | 15M |
| Q3 2023 | 460 | 232M | 100.0% | 71 / 135 | 175 / 55 | 19M | 26M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of DBX | Value | % of fund | As of |
|---|---|---|---|---|---|
| iShares Core S&P Mid-Cap ETF | 5,120,569 | 2.27% | $140.66M | 0.11% | Jun 30, 2026 |
| Vanguard Total Stock Market Index Fund | 4,513,712 | 2.00% | $123.99M | 0.01% | Jun 30, 2026 |
| Vanguard Information Technology Index Fund | 4,464,629 | 1.98% | $120.01M | 0.07% | May 31, 2026 |
| Vanguard Small-Cap Index Fund | 3,262,684 | 1.45% | $89.63M | 0.05% | Jun 30, 2026 |
| PIMCO RAE US Small Fund | 2,009,776 | 0.89% | $55.21M | 1.46% | Jun 30, 2026 |
| Vanguard Small-Cap Growth Index Fund | 1,888,465 | 0.84% | $51.88M | 0.11% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 1,713,821 | 0.76% | $47.08M | 0.05% | Jun 30, 2026 |
| Pacer US Small Cap Cash Cows 100 ETF | 1,286,578 | 0.57% | $41.89M | 1.14% | Jul 31, 2026 |
| Tax-Managed U.S. Large Cap Fund | 981,630 | 0.43% | $31.96M | 0.25% | Jul 31, 2026 |
| Fidelity Extended Market Index Fund | 901,477 | 0.40% | $24.23M | 0.06% | May 31, 2026 |
| iShares S&P Mid-Cap 400 Growth ETF | 894,207 | 0.40% | $24.56M | 0.22% | Jun 30, 2026 |
| Vanguard Strategic Equity Fund | 862,521 | 0.38% | $23.69M | 0.19% | Jun 30, 2026 |
| Schwab U.S. Small-Cap ETF | 838,214 | 0.37% | $22.53M | 0.10% | May 31, 2026 |
| Fidelity Enhanced Mid Cap Core ETF | 774,252 | 0.34% | $21.27M | 0.29% | Jun 30, 2026 |
| iShares Expanded Tech-Software Sector ETF | 764,848 | 0.34% | $21.01M | 0.16% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Ashraf Alkarmi | Co-CEO, Director | 1,004,081 | 0.44% | Sep 15, 2026 |
| Andrew Houston | Co-CEO, Director, 10% owner | 82,324,071 | 36.47% | Sep 14, 2026 |
| Sarah Elizabeth Schubach | Chief Accounting Officer | 134,834 | 0.06% | Sep 17, 2026 |
| Ross Tennenbaum | Chief Financial Officer | 690,666 | 0.31% | Sep 14, 2026 |
| William T. Yoon | Chief Legal Officer | 366,693 | 0.16% | Sep 9, 2026 |
| Michael Ivan Torres | Chief Product Officer | 842,316 | 0.37% | Sep 3, 2026 |
| Eric T. Webster | Chief Business Officer | 416,236 | 0.18% | Aug 19, 2026 |
| Ali Dasdan | Chief Technology Officer | 471,052 | 0.21% | Aug 19, 2026 |
| Timothy Regan | Chief Financial Officer | 437,647 | 0.19% | Dec 17, 2025 |
| Eric Cox | Chief Customer Officer | 378,427 | 0.17% | May 19, 2025 |
| Bart Volkmer | Chief Legal Officer | 348,737 | 0.15% | Feb 20, 2025 |
| Lisa M. Campbell | Director | 19,471 | 0.01% | Sep 9, 2026 |
| Karen Peacock | Director | 22,366 | 0.01% | Jul 31, 2026 |
| Abhay Parasnis | Director | 47,811 | 0.02% | May 26, 2026 |
| Warren Jenson | Director | 20,253 | 0.01% | May 26, 2026 |
| Michael Seibel | Director | 65,333 | 0.03% | May 26, 2026 |
| Andrew William Moore | Director | 9,071 | 0.00% | May 26, 2026 |
| Paul E. Jacobs | Director | 321,902 | 0.14% | May 19, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Sarah Elizabeth Schubach Chief Accounting Officer | Sep 15, 2026 | Sale(10b5-1 plan) | −2,025 | $36.78 | $74.48K | 134,834 |
| Ashraf Alkarmi Co-CEO, Director | Sep 11, 2026 | Sale(10b5-1 plan) | −28,800 | $35.54 | $1.02M | 1,004,081 |
| Andrew Houston Co-CEO, Director, 10% owner | Sep 10, 2026 | Sale(10b5-1 plan) | −324,432 | $34.98 | $11.35M | 59,368 |
| Andrew Houston Co-CEO, Director, 10% owner | Sep 10, 2026 | Conversion | +383,800 | – | – | 383,800 |
| Andrew Houston Co-CEO, Director, 10% owner | Sep 10, 2026 | Sale(10b5-1 plan) | −59,368 | $35.19 | $2.09M | 0 |
| Ross Tennenbaum Chief Financial Officer | Sep 10, 2026 | Sale(10b5-1 plan) | −97,558 | $35.02 | $3.42M | 690,666 |
| William T. Yoon Chief Legal Officer | Sep 4, 2026 | Sale(10b5-1 plan) | −12,382 | $34.78 | $430.65K | 366,693 |
| Lisa M. Campbell Director | Sep 4, 2026 | Sale(10b5-1 plan) | −4,598 | $34.78 | $159.92K | 19,471 |
| Ross Tennenbaum Chief Financial Officer | Sep 1, 2026 | Award | +28,945 | – | – | 788,224 |
| William T. Yoon Chief Legal Officer | Sep 1, 2026 | Award | +28,945 | – | – | 379,075 |
| Michael Ivan Torres Chief Product Officer | Sep 1, 2026 | Award | +842,316 | – | – | 842,316 |
| Sarah Elizabeth Schubach Chief Accounting Officer | Sep 1, 2026 | Award | +21,709 | – | – | 136,859 |
| Sarah Elizabeth Schubach Chief Accounting Officer | Aug 31, 2026 | Sale(10b5-1 plan) | −1,631 | $35.50 | $57.90K | 115,150 |
| Sarah Elizabeth Schubach Chief Accounting Officer | Aug 20, 2026 | Sale(10b5-1 plan) | −1,631 | $34.01 | $55.47K | 116,781 |
| Eric T. Webster Chief Business Officer | Aug 18, 2026 | Sale | −15,830 | $34.09 | $539.64K | 416,236 |
| Ali Dasdan Chief Technology Officer | Aug 18, 2026 | Sale(10b5-1 plan) | −11,332 | $34.13 | $386.76K | 471,052 |
| William T. Yoon Chief Legal Officer | Aug 17, 2026 | Tax withholding | −16,833 | $34.42 | $579.39K | 350,130 |
| Sarah Elizabeth Schubach Chief Accounting Officer | Aug 17, 2026 | Tax withholding | −5,854 | $34.42 | $201.49K | 118,412 |
| Ross Tennenbaum Chief Financial Officer | Aug 17, 2026 | Tax withholding | −20,326 | $34.42 | $699.62K | 759,279 |
| Ashraf Alkarmi Co-CEO, Director | Aug 17, 2026 | Tax withholding | −47,865 | $34.42 | $1.65M | 1,032,881 |
| Eric T. Webster Chief Business Officer | Aug 17, 2026 | Tax withholding | −14,820 | $34.42 | $510.10K | 432,066 |
| Ali Dasdan Chief Technology Officer | Aug 17, 2026 | Tax withholding | −19,255 | $34.42 | $662.76K | 482,384 |
| Sarah Elizabeth Schubach Chief Accounting Officer | Jul 31, 2026 | Sale(10b5-1 plan) | −1,632 | $31.61 | $51.59K | 124,266 |
| Karen Peacock Director | Jul 29, 2026 | Sale(10b5-1 plan) | −2,000 | $33.00 | $66.00K | 22,366 |
| Sarah Elizabeth Schubach Chief Accounting Officer | Jul 15, 2026 | Sale(10b5-1 plan) | −1,306 | $30.13 | $39.35K | 125,898 |
| Ali Dasdan Chief Technology Officer | Jul 14, 2026 | Sale(10b5-1 plan) | −12,972 | $30.00 | $389.16K | 501,639 |
| Karen Peacock Director | Jul 7, 2026 | Sale(10b5-1 plan) | −2,000 | $29.00 | $58.00K | 24,366 |
| Sarah Elizabeth Schubach Chief Accounting Officer | Jun 30, 2026 | Sale(10b5-1 plan) | −1,305 | $27.11 | $35.38K | 127,204 |
| Sarah Elizabeth Schubach Chief Accounting Officer | Jun 15, 2026 | Sale(10b5-1 plan) | −1,306 | $26.90 | $35.13K | 128,509 |
| Ashraf Alkarmi Co-CEO, Director | Jun 2, 2026 | Sale | −22,700 | $27.86 | $632.42K | 1,080,746 |
| Ashraf Alkarmi Co-CEO, Director | Jun 1, 2026 | Award | +478,551 | – | – | 1,103,446 |
| Sarah Elizabeth Schubach Chief Accounting Officer | Jun 1, 2026 | Sale(10b5-1 plan) | −1,305 | $27.66 | $36.10K | 129,815 |
| Andrew William Moore Director | May 21, 2026 | Award | +9,071 | – | – | 9,071 |
| Abhay Parasnis Director | May 21, 2026 | Award | +9,071 | – | – | 47,811 |
| Karen Peacock Director | May 21, 2026 | Award | +9,071 | – | – | 26,366 |
| Warren Jenson Director | May 21, 2026 | Award | +9,071 | – | – | 20,253 |
| Lisa M. Campbell Director | May 21, 2026 | Award | +9,071 | – | – | 24,069 |
| Michael Seibel Director | May 21, 2026 | Award | +9,071 | – | – | 65,333 |
| Sarah Elizabeth Schubach Chief Accounting Officer | May 19, 2026 | Sale(10b5-1 plan) | −1,306 | $28.14 | $36.75K | 131,120 |
| Andrew Houston Chief Executive Officer, Director, 10% owner | May 18, 2026 | Sale(10b5-1 plan) | −30,332 | $27.50 | $834.13K | 0 |
| Andrew Houston Chief Executive Officer, Director, 10% owner | May 18, 2026 | Conversion | +30,332 | – | – | 30,332 |
| Andrew William Moore Director | May 18, 2026 | Sale(10b5-1 plan) | −3,706 | $27.27 | $101.06K | 4,737 |
| Andrew William Moore Director | May 18, 2026 | Sale(10b5-1 plan) | −4,737 | $27.80 | $131.69K | 0 |
| William T. Yoon Chief Legal Officer | May 18, 2026 | Sale(10b5-1 plan) | −3,201 | $27.28 | $87.32K | 370,992 |
| William T. Yoon Chief Legal Officer | May 18, 2026 | Sale(10b5-1 plan) | −4,029 | $27.80 | $112.01K | 366,963 |
| Ali Dasdan Chief Technology Officer | May 18, 2026 | Sale(10b5-1 plan) | −2,966 | $27.82 | $82.51K | 514,611 |
| Ali Dasdan Chief Technology Officer | May 18, 2026 | Sale(10b5-1 plan) | −2,700 | $27.28 | $73.66K | 517,577 |
| Ross Tennenbaum Chief Financial Officer | May 15, 2026 | Tax withholding | −20,325 | $26.20 | $532.52K | 779,605 |
| Eric T. Webster Chief Business Officer | May 15, 2026 | Tax withholding | −12,871 | $26.20 | $337.22K | 446,886 |
| William T. Yoon Chief Legal Officer | May 15, 2026 | Tax withholding | −16,124 | $26.20 | $422.45K | 374,193 |
| Sarah Elizabeth Schubach Chief Accounting Officer | May 15, 2026 | Tax withholding | −3,680 | $26.20 | $96.42K | 132,426 |
| Ali Dasdan Chief Technology Officer | May 15, 2026 | Tax withholding | −19,254 | $26.20 | $504.45K | 520,277 |
| Lisa M. Campbell Director | May 15, 2026 | Sale(10b5-1 plan) | −4,222 | $26.51 | $111.93K | 14,998 |
| Karen Peacock Director | May 15, 2026 | Sale(10b5-1 plan) | −4,000 | $26.50 | $106.00K | 17,295 |
| Ashraf Alkarmi General Manager, Core | May 15, 2026 | Tax withholding | −21,446 | $26.20 | $561.89K | 624,895 |
| Andrew Houston Chief Executive Officer, Director, 10% owner | May 14, 2026 | Sale(10b5-1 plan) | −37,498 | $25.96 | $973.45K | 0 |
| Andrew Houston Chief Executive Officer, Director, 10% owner | May 14, 2026 | Conversion | +37,498 | – | – | 37,498 |
| Sarah Elizabeth Schubach Chief Accounting Officer | Apr 30, 2026 | Sale(10b5-1 plan) | −1,769 | $23.95 | $42.37K | 136,106 |
| Sarah Elizabeth Schubach Chief Accounting Officer | Apr 15, 2026 | Sale(10b5-1 plan) | −1,415 | $22.99 | $32.53K | 137,875 |
| Ali Dasdan Chief Technology Officer | Apr 1, 2026 | Award | +40,152 | – | – | 539,531 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Schubach Sarah Officer | Oct 15, 2026 | 2,090 | $74.45K | Oct 15, 2026 | Restricted Stock Units |
| Houston Revocable Trust Andrew Director, Officer, 10% Stockholder | Oct 13, 2026 | 29,500 | $1.01M | Oct 12, 2026 | Founders Shares |
| Houston Revocable Trust Andrew Director, Officer, 10% Stockholder | Oct 1, 2026 | 354,300 | $11.99M | Oct 1, 2026 | Founders Shares |
| Schubach Sarah Officer | Sep 30, 2026 | 2,025 | $66.22K | Sep 30, 2026 | Restricted Stock Units |
| Schubach Sarah Officer | Sep 15, 2026 | 2,025 | $75.55K | Sep 15, 2026 | Restricted Stock Units |
| Alkarmi Ashraf Officer | Sep 11, 2026 | 28,800 | $1.01M | Sep 11, 2026 | Restricted Stock Units |
| Houston Revocable Trust Andrew Director, Officer, 10% Stockholder | Sep 10, 2026 | 383,800 | $13.28M | Sep 10, 2026 | Founders Shares |
| Tennenbaum Ross Officer | Sep 10, 2026 | 97,558 | $3.37M | Sep 10, 2026 | Restricted Stock Units |
| Yoon William Officer | Sep 4, 2026 | 12,382 | $442.04K | Sep 4, 2026 | Restricted Stock Units |
| Campbell Lisa Director | Sep 4, 2026 | 4,598 | $164.15K | Sep 4, 2026 | Restricted Stock Units |
| Schubach Sarah Officer | Aug 31, 2026 | 1,631 | $58.23K | Aug 31, 2026 | Restricted Stock Units |
| Schubach Sarah Officer | Aug 20, 2026 | 1,631 | $55.44K | Aug 20, 2026 | Restricted Stock Units |
| T. Webster Eric Officer | Aug 18, 2026 | 15,830 | $539.69K | Aug 18, 2026 | Restricted Stock Units |
| Dasdan Ali Officer | Aug 18, 2026 | 11,332 | $378.26K | Aug 18, 2026 | Restricted Stock Units |
| Schubach Sarah Officer | Jul 31, 2026 | 1,632 | $52.40K | Jul 31, 2026 | Restricted Stock Units |