Dropbox, Inc. (DBX) Revenue History
Annual and quarterly revenue from 2015 to 2025
Compound Annual Growth Rate (CAGR)
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DBX Revenue Growth
Revenue Breakdown
DBX's revenue distribution by segment and geography
By Geography
DBX Revenue Analysis (2015–2025)
As of May 8, 2026, Dropbox, Inc. (DBX) generated trailing twelve-month (TTM) revenue of $2.53 billion, reflecting modest growth of +0.8% year-over-year. The most recent quarter (Q1 2026) recorded $629.5 million in revenue, down 1.1% sequentially.
Looking at the longer-term picture, DBX's 5-year compound annual growth rate (CAGR) stands at +5.7%, indicating steady revenue expansion. The company achieved its highest annual revenue of $2.55 billion in 2024.
When compared to Technology sector peers including BOX (+8.0% YoY), DOCN (+17.6% YoY), and MSFT (+17.9% YoY), DBX has underperformed the peer group in terms of revenue growth. Compare DBX vs BOX →
DBX Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DBXCurrent | $2.5B | +0.8% | +5.7% | 27.4% | |
 BOX | $1.2B | +8.0% | +8.8% | 7.1% | |
 DOCN | $901M | +17.6% | +23.1% | 17.4% | |
 MSFT | $281.7B | +17.9% | +14.5% | 45.6% | |
 GOOGL | $403.0B | +17.5% | +17.2% | 32.1% | |
 AAPL | $416.2B | +12.8% | +8.7% | 32.0% |
DBX Historical Revenue Data (2015–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $2.52B | -1.1% | $2.02B | 80.1% | $691.5M | 27.4% |
| 2024 | $2.55B | +1.9% | $2.10B | 82.5% | $486.2M | 19.1% |
| 2023 | $2.50B | +7.6% | $2.02B | 80.9% | $538.7M | 21.5% |
| 2022 | $2.32B | +7.7% | $1.88B | 80.9% | $181.3M | 7.8% |
| 2021 | $2.16B | +12.7% | $1.71B | 79.4% | $274.4M | 12.7% |
| 2020 | $1.91B | +15.2% | $1.50B | 78.3% | $-277,000,000 | -14.5% |
| 2019 | $1.66B | +19.4% | $1.25B | 75.3% | $-80,500,000 | -4.8% |
| 2018 | $1.39B | +25.7% | $997.0M | 71.6% | $-494,000,000 | -35.5% |
| 2017 | $1.11B | +31.0% | $737.9M | 66.7% | $-113,700,000 | -10.3% |
| 2016 | $844.8M | +39.9% | $454.2M | 53.8% | $-193,500,000 | -22.9% |
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Start ComparisonDBX — Frequently Asked Questions
Quick answers to the most common questions about buying DBX stock.
Is DBX's revenue growth accelerating or slowing?
DBX revenue growth slowed to +0.8%, below the 5-year CAGR of +5.7%. TTM revenue is $2.5B. The deceleration marks a shift from historical growth rates.
What is DBX's long-term revenue growth rate?
Dropbox, Inc.'s 5-year revenue CAGR of +5.7% reflects the variable expansion pattern. Current YoY growth of +0.8% is near this long-term average.
How is DBX's revenue distributed by segment?
DBX reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2015-2025 are available for download. Segment mix reveals concentration and diversification trends.