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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	80.1%-2.4pp	82.5%+1.7pp	80.9%0.0pp	80.9%+1.5pp
Operating margin	27.3%+8.3pp	19.1%-2.5pp	21.5%—	——
Net margin	20.2%+2.4pp	17.7%-0.4pp	18.1%-5.7pp	23.8%+8.2pp
Free cash flow margin	36.9%+2.7pp	34.2%+3.8pp	30.4%-2.5pp	32.8%0.0pp
Returns
Return on assets	16.5%+2.1pp	14.3%-0.5pp	14.9%-3.0pp	17.8%+5.6pp
Efficiency
Asset turnover	0.8×0.0×	0.8×0.0×	0.8×+0.1×	0.7×0.0×
Liquidity
Current ratio	0.6×-0.8×	1.4×+0.2×	1.3×0.0×	1.2×-0.3×
Quick ratio	0.6×-0.8×	1.4×+0.2×	1.3×0.0×	1.2×-0.3×
Cash ratio	0.5×-0.6×	1.1×+0.6×	0.5×+0.3×	0.2×-0.3×
Leverage
Debt-to-assets	0.6×+0.3×	0.2×0.0×	0.3×-0.1×	0.3×0.0×
Per Share
Book value per share	-$6.59-183%	-$2.33-385%	-$0.48+43.7%	-$0.85-14.7%
Valuation
Market capitalization	$6.96B-23.1%	$9.06B-9.0%	$9.95B+22.6%	$8.12B-13.5%
Enterprise value	$7.65B-9.6%	$8.46B-16.3%	$10.1B+13.3%	$8.92B-10.5%
Price / earnings	13.7×-6.3×	20×-1.9×	21.9×+7.3×	14.7×-13.3×
Price / sales	2.8×-0.8×	3.6×-0.4×	4×+0.5×	3.5×-0.9×
EV / sales	3×-0.3×	3.3×-0.7×	4×+0.2×	3.8×-0.8×
Free cash flow yield	13.4%+3.7pp	9.6%+2.0pp	7.6%-1.8pp	9.4%+1.9pp
Earnings yield	7.3%+2.3pp	5%+0.4pp	4.6%-2.3pp	6.8%+3.2pp
PEG ratio	1.1×—	——	——	0.2×—

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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.