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Dropbox DBX Q1 2026 earnings

Reported May 7, 2026 · After market close

Revenue$629.5MBeat by $8.9M
EPS$0.76Beat by $0.05
Revenue estimate$620.6M
EPS estimate$0.71

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$626.7M
EPS estimate$0.74

Financials

Q1 2026

Income statement

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Revenue$629.5M+0.8%
Gross profit$501.4M-1.3%
Operating income$172.8M-6.0%
Net income$114.5M-23.8%
EPS (diluted)$0.48-5.9%

Balance sheet

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Cash & equivalents$1.2B+25.4%
Total debt$840.2M-43.1%
Total equity-$2.0B-87.0%
Total assets$3.0B+2.5%

Cash flow

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Operating cash flow$204.5M+33.0%
CapEx$1.2M+1,100%
Free cash flow$203.3M+32.3%

Valuation & ratios

Valuation

as of 07/28/26
See full
Market cap$7.13B-7.2%
Enterprise value$6.74B-19.9%
P/E15.1×-0.7×
P/S2.8×-0.2×

Profitability

See full
Gross margin79.7%-2.3pp
Operating margin26.8%+6.1pp
Net margin18.7%+0.2pp
FCF margin38.8%+5.0pp

Returns & leverage

See full
Current ratio1.2×+0.5×

Versus estimates

Revenue

Q1 2026$629.5MBeat by $8.9M
Q4 2025$636.2MBeat by $7.3MQ3 2025$634.4MBeat by $10.4MQ2 2025$625.7MBeat by $5.8MQ1 2025$624.7MBeat by $4.6MQ4 2024$643.6MBeat by $5.0M

Diluted EPS

Q1 2026$0.76Beat by $0.05
Q4 2025$0.68Beat by $0.02Q3 2025$0.74Beat by $0.09Q2 2025$0.71Beat by $0.08Q1 2025$0.70Beat by $0.08Q4 2024$0.73Beat by $0.11

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Questions, answered.

When did Dropbox report Q1 2026 earnings?
Dropbox (DBX) reported Q1 2026 earnings on May 7, 2026 after market close.
What were Dropbox's Q1 2026 revenue and EPS?
Dropbox reported revenue of $629.5M and eps of $0.76 for Q1 2026.
Did Dropbox beat estimates in Q1 2026?
Revenue beat the consensus estimate of $620.6M by $8.9M. EPS beat the consensus estimate of $0.71 by $0.05.
How did Dropbox's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.8% from $624.7M a year earlier and eps grew 8.6% from $0.70.
Where can I find Dropbox's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001467623-26-000027) and the 10-Q periodic report (0001467623-26-000031) directly on SEC EDGAR. The filing index links above go to sec.gov.