Dropbox, Inc. (DBX) Revenue History
Annual and quarterly revenue from 2015 to 2024
Compound Annual Growth Rate (CAGR)
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Revenue Growth Metrics
Revenue Breakdown
DBX's revenue distribution by segment and geography
By Geography
DBX Revenue Analysis (2015–2024)
As of February 28, 2026, Dropbox, Inc. (DBX) generated trailing twelve-month (TTM) revenue of $2.52 billion, reflecting slight decline in growth of -1.1% year-over-year. The most recent quarter (Q4 2025) recorded $636.2 million in revenue, up 0.3% sequentially.
Looking at the longer-term picture, DBX's 5-year compound annual growth rate (CAGR) stands at +8.9%, indicating steady revenue expansion. The company achieved its highest annual revenue of $2.55 billion in 2024, representing a new all-time high.
When compared to Technology sector peers including ADBE (+10.5% YoY), BOX (+7.2% YoY), and CCSI (-0.2% YoY), DBX has underperformed the peer group in terms of revenue growth. Compare DBX vs ADBE →
Peer Comparison
Compare DBX's revenue metrics with industry peers
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| DBXCurrent | $2.5B | -1.1% | +8.9% | 19.1% | |
| ADBE | $21.5B | +10.5% | +14.0% | 31.3% | |
| BOX | $1.1B | +7.2% | +9.4% | 7.3% | |
| CCSI | $350M | -0.2% | +1.1% | 43.0% | |
| KLTR | $179M | +1.9% | +12.9% | -13.5% | |
| SNCR | $174M | +0.1% | -10.9% | 14.7% |
Historical Revenue Data
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 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% |
| 2015 | $603.8M | - | $196.4M | 32.5% | $-306,200,000 | -50.7% |
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Start ComparisonFrequently Asked Questions
Is DBX's revenue growth accelerating or slowing?
DBX revenue growth slowed to -1.1%, below the 5-year CAGR of +8.9%. 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 +8.9% reflects the variable expansion pattern. Current YoY growth of -1.1% 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 2015-2024 are available for download. Segment mix reveals concentration and diversification trends.