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Dropbox DBX Q2 2026 earnings

Reported August 6, 2026 · After market close

Revenue$631.5MBeat by $4.8M
EPS$0.75Beat by $0.01
Revenue estimate$626.7M
EPS estimate$0.74
“Q2 reinforced that our return to growth in the core business is not a one-quarter event. We continued to see positive year-over-year revenue growth excluding FormSwift, added 96,000 paying users for our third consecutive quarter of paying user growth, exceeded our guidance on non-GAAP operating margin at over 39%, and generated $283.5 million of unlevered free cash flow. That performance is the result of disciplined, methodical work, and it's the foundation we're building on. Stepping into this role, I'm excited for what's ahead as we bring Dash intelligence directly into a smarter Dropbox that our customers already trust, and use the infrastructure we've built over nearly two decades to extend that value for the more than 18 million paying customers already on Dropbox today.”
Ashraf Alkarmi

Next report

Nov 5, 2026 (in a month)
Revenue estimate$629.7M
EPS estimate$0.73

Financials

Q2 2026

Income statement

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Revenue$631.5M+0.9%
Gross profit$506.5M+0.9%
Operating income$164.8M-2.1%
Net income$95.8M-23.7%
EPS (diluted)$0.42-6.7%

Balance sheet

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Cash & equivalents$1.1B+38.9%
Total debt$804.1M-46.7%
Total equity-$2.2B-67.6%
Total assets$2.8B+1.7%

Cash flow

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Operating cash flow$238.5M-8.4%
CapEx$3.3M+65.0%
Free cash flow$235.2M-9.0%

Valuation & ratios

Valuation

as of 10/02/26
See full
Market cap$7.41B-8.0%
Enterprise value$7.15B-19.5%
P/E16.7×+0.7×
P/S2.9×-0.3×

Profitability

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Gross margin79.7%-1.6pp
Operating margin26.6%+4.2pp
Net margin17.5%-1.7pp
FCF margin37.8%+2.6pp

Returns & leverage

See full
Current ratio1.1×+0.5×

FAQ

When did Dropbox report Q2 2026 earnings?
Dropbox (DBX) reported Q2 2026 earnings on August 6, 2026 after market close.
What were Dropbox's Q2 2026 revenue and EPS?
Dropbox reported revenue of $631.5M and eps of $0.75 for Q2 2026.
Did Dropbox beat estimates in Q2 2026?
Revenue beat the consensus estimate of $626.7M by $4.8M. EPS beat the consensus estimate of $0.74 by $0.01.
How did Dropbox's Q2 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.9% from $625.7M a year earlier and eps grew 5.6% from $0.71.
Where can I find Dropbox's Q2 2026 SEC filings?
You can read the 8-K earnings release (0001467623-26-000045) and the 10-Q periodic report (0001467623-26-000049) directly on SEC EDGAR. The filing index links above go to sec.gov.