What are Dropbox's profit margins?

Gross margin is 79.7% and operating margin is 26.8%, with a 18.7% net margin.

Where does Dropbox's income statement data come from?

Every line is extracted from Dropbox's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.

Dropbox DBX Income Statement

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Total revenue	$2.53B-0.6%	$2.52B-1.1%	$2.53B-0.4%	$2.53B0.0%	$2.54B+0.8%
Total cost of revenue	$512.2M+12.3%	$500.8M+12.5%	$489.5M+9.7%	$472.7M+4.0%	$456M-2.5%
Gross profit	$2.01B-3.5%	$2.02B-3.9%	$2.04B-2.6%	$2.06B-0.9%	$2.09B+1.5%
Gross margin	79.7%-2.3pp	80.1%-2.4pp	80.6%-1.8pp	81.3%-0.7pp	82.1%+0.6pp
Research and development	$737.8M-15.6%	$732M-20.0%	$788.1M-11.8%	$831.5M-6.0%	$874.2M-5.0%
Selling and marketing	$364.8M-17.8%	$369.9M-19.7%	$400.2M-11.3%	$419.2M-6.3%	$443.9M-2.6%
General and administrative	$234.2M-2.8%	$230.5M-4.4%	$233.1M-2.7%	$238.8M+1.1%	$240.9M+2.3%
Total operating expenses	$1.34B-14.3%	$1.33B-17.7%	$1.42B-0.2%	$1.49B+5.8%	$1.56B+7.1%
Operating income	$678.1M+28.8%	$689.1M+41.7%	$614.8M-7.6%	$567.9M-15.1%	$526.5M-12.0%
Operating margin	26.8%+6.1pp	27.3%+8.3pp	24.3%-1.9pp	22.4%-4.0pp	20.7%-3.0pp
Interest expense	-$100.7M—	-$78.6M—	——	——	——
Other income (expense), net	$12.1M+24.7%	$7.1M-26.8%	$7.5M+436%	$5.8M+5,700%	$9.7M+423%
Income before income taxes	$589.5M+11.6%	$617.6M+21.1%	$566.9M-17.8%	$542.4M-21.7%	$528.2M-14.5%
Income tax expense	$116.9M—	$109.2M—	——	——	——
Net income	$472.6M+0.5%	$508.4M+12.4%	$502.5M-12.9%	$485.4M-16.9%	$470.3M-9.0%
Net margin	18.7%+0.2pp	20.2%+2.4pp	19.9%-2.8pp	19.2%-3.9pp	18.5%-2.0pp
Diluted earnings per share	$1.83+20.4%	$1.86+32.9%	$1.76+1.7%	$1.63-5.2%	$1.52+0.7%
EBIT	$678.1M+28.8%	$689.1M+41.7%	$614.8M-7.6%	$567.9M-15.1%	$526.5M-12.0%

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Questions, answered.

What are Dropbox's profit margins?: Gross margin is 79.7% and operating margin is 26.8%, with a 18.7% net margin.
Where does Dropbox's income statement data come from?: Every line is extracted from Dropbox's SEC filings (10-K and 10-Q) and tagged in XBRL. Switch between quarterly, annual, and trailing-twelve-month views, or open any line for its full history and peer comparisons.