Dropbox has stabilized revenue near flat (0.9% YoY growth in Q2 2026) while expanding operating margins to 26.1% from 13.7% in Q4 2024, driven by disciplined cost management.
Price trend, volume and key moving averages
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Revenue growth stabilized at 0.9% YoY in Q2 2026, with gross margin contracting 300bps to 80.2% but operating margin rebounding to 26.1% from 13.7% in Q4 2024.
Dropbox offers secure and easy cloud storage solutions, which are essential for file sharing and collaboration, appealing to both individual and business users.
The platform provides seamless collaboration features, including PDF editing and powerful sharing capabilities, enhancing productivity for teams.
Dropbox attracts users with free accounts offering 2 GB of storage, which can lead to conversions to paid plans as storage needs grow.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Nov 5, 2026 | $0.88+20.7% vs $0.73 | $637M+1.2% vs $630M |
Q3 2026 Aug 6, 2026 | $0.75+1.5% vs $0.74 | $632M+0.8% vs $627M |
Q2 2026 May 7, 2026 | $0.76+7.0% vs $0.71 | $630M+1.4% vs $621M |
Q1 2026 Feb 19, 2026 | $0.68+3.0% vs $0.66 | $636M+1.2% vs $629M |
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Dropbox generated $637 million in Q3 revenue, exceeding management guidance. Over 20% of teams adopting AI features used included usage credits.
Dropbox, Inc. ( DBX ) Q3 2026 Earnings Call November 5, 2026 5:00 PM EST Company Participants Sarah Schubach - Chief Accounting Officer Ashraf Alkarmi - Co-CEO & Director Ross Tennenbaum - Chief Financial Officer Conference Call Participants Brett Huff - Stephens Inc., Research Division Rishi Jaluria - RBC Capital Markets, Research Division Matthew Bullock - BofA Securities, Research Division Jaiden Patel - JPMorgan Chase & Co, Research Division George Michael Kurosawa - Citigroup Inc., Research Division Presentation Operator Thank you for standing by, and welcome to the Dropbox Third Quarter 2026 Earnings Conference Call. [Operator Instructions] And now I'd like to introduce your host for today's program, Sarah Schubach, Chief Accounting Officer and Head of Investor Relations.
Dropbox (DBX) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.74 per share a year ago.
Benchmark DBX against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Dropbox, Inc. (DBX)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $34.66 | $8.82B | 18.63 | -1.07% | 20.17% | — | — | |
| $41.95 | $5.81B | 71.10 | 7.99% | 9.45% | 217.31% | 0.24% | |
| $72.48 | $8.47B | 28.76 | 15.48% | 3.11% | 4.27% | — | |
| $530.61 | $3.94T | 29.56 | 17.79% | 41.17% | 33.21% | 0.67% | |
| $284.78 | $3.45T | 26.34 | 15.13% | 50.03% | 42.62% | 0.29% | |
| $342.37 | $5.03T | 45.89 | 6.43% | 27.6% | 127.61% | 0.3% |
Dropbox, Inc. (DBX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Dropbox, Inc. (DBX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Aug 6, 2026·SEC
Jun 1, 2026·SEC
May 26, 2026·SEC
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Dropbox, Inc. (DBX) stock FAQ — growth, dividends, profitability & financials explained
Dropbox, Inc. (DBX) reported $2.52B in revenue in fiscal year 2025, which is also its trailing twelve months. That is 318% more than the $603.8M of fiscal year 2015.
Dropbox, Inc. (DBX) revenue fell by 1.1% in fiscal year 2025, compared with the prior fiscal year.
Yes. Dropbox, Inc. (DBX) earned $442.8M in net income over the trailing twelve months (a 17.5% net margin).
Dropbox, Inc. (DBX) generated $957.1M in free cash flow over the trailing twelve months.
