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Dropbox DBX Free cash flow margin

Free cash flow margin at other companies

Apple logo
AppleAAPL
29.3%+5.7pp
Microsoft logo
MicrosoftMSFT
20.2%-5.2pp
Adobe logo
AdobeADBE
40.8%-1.0pp
Amazon logo
AmazonAMZN
0.2%-1.8pp
DocuSign logo
DocuSignDOCU
34.1%+3.9pp
Box logo
BoxBOX
30%+0.4pp

Other financials

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

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Market cap$8.06B+11.3%
Enterprise value$7.79B-2.4%
P/E18.2×+3.3×
P/S3.2×+0.3×

Profitability

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

Returns & leverage

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Return on equity-44.9%
Debt / equity3.7×
Current ratio1.1×+0.5×

Where this comes from

Calculated from Dropbox’s reported figures.

Based on trailing twelve months.

The source filing: Dropbox’s 10-Q, filed August 7, 2026. Open the filing →

Filed
Aug 7, 2026, 4:06 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001467623-26-000049

FAQ

What is Dropbox's free cash flow margin?
Dropbox (DBX) reported free cash flow margin of 37.8% in Q2 2026.
How has Dropbox's free cash flow margin changed year-over-year?
Dropbox's free cash flow margin increased by 7.3% year-over-year, from 35.2% to 37.8%.
What is the long-term trend for Dropbox's free cash flow margin?
Over 5 years (2020 to 2025), Dropbox's free cash flow margin has grown at a 7.6% compound annual growth rate (CAGR), from 25.6% to 36.9%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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