What are Dropbox's profit margins?

Dropbox (DBX) runs a 79.7% gross margin and a 26.8% operating margin, with a 18.7% net margin.

Where do Dropbox's ratios come from?

Every ratio is computed from Dropbox's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Dropbox DBX Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	79.7%-0.4pp	80.1%-0.5pp	80.6%-0.7pp	81.3%-0.7pp	82.1%-0.5pp
Operating margin	26.8%-0.5pp	27.3%+3.0pp	24.3%+1.9pp	22.4%+1.7pp	20.7%+1.6pp
Net margin	18.7%-1.5pp	20.2%+0.3pp	19.9%+0.7pp	19.2%+0.7pp	18.5%+0.8pp
Efficiency
Asset turnover	0.8×0.0×	0.8×-0.1×	0.9×0.0×	0.9×0.0×	0.9×+0.1×
Liquidity
Current ratio	1.2×+0.6×	0.6×+0.1×	0.6×0.0×	0.6×-0.1×	0.7×-0.7×
Per Share
Book value per share	-$8.50-29.0%	-$6.59-14.1%	-$5.78-22.4%	-$4.72-29.7%	-$3.64-56.4%
Valuation
Market capitalization	$5.29B-24.0%	$6.96B-14.6%	$8.15B+3.5%	$7.88B+0.5%	$7.84B-13.5%
Price / earnings	11.2×-2.5×	13.7×-2.5×	16.2×0.0×	16.2×-0.4×	16.7×-3.4×
Price / sales	2.1×-0.7×	2.8×-0.5×	3.2×+0.1×	3.1×0.0×	3.1×-0.5×

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Questions, answered.

What are Dropbox's profit margins?: Dropbox (DBX) runs a 79.7% gross margin and a 26.8% operating margin, with a 18.7% net margin.
Where do Dropbox's ratios come from?: Every ratio is computed from Dropbox's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.