Financials in USD. Standardized financial statements.
A compact view of how Dropbox, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $2.52B | $2.55B | $2.50B | $2.32B | $2.16B | $1.91B | $1.66B | $1.39B | $1.11B | $844.80M |
| Revenue Growth? | -1.1% | +1.9% | +7.6% | +7.7% | +12.7% | +15.2% | +19.4% | +25.7% | +31.0% | 0.0% |
| Cost of Revenue? | $500.80M | $445.10M | $478.50M | $444.20M | $444.20M | $414.60M | $411.00M | $394.70M | $368.90M | $390.60M |
| Gross Profit? | $2.02B | $2.10B | $2.02B | $1.88B | $1.71B | $1.50B | $1.25B | $997.00M | $737.90M | $454.20M |
| Gross Margin? | +80.1% | +82.5% | +80.9% | +80.9% | +79.4% | +78.3% | +75.3% | +71.6% | +66.7% | +53.8% |
| Operating Expenses? | $1.33B | $1.62B | $1.48B | $1.70B | $1.44B | $1.78B | $1.33B | $1.49B | $851.60M | $647.70M |
| Operating Income? | $691.50M | $486.20M | $538.70M | $181.30M | $274.40M | -$277.00M | -$80.50M | -$494.00M | -$113.70M | -$193.50M |
| EBITDA? | $889.90M | $623.60M | $553.50M | $513.60M | $457.10M | $280.50M | $93.00M | -$327.20M | $68.10M | -$1.90M |
| Income Before Tax | $617.60M | $509.80M | $554.40M | $192.70M | $299.30M | -$250.20M | -$52.00M | -$480.10M | -$111.50M | -$205.00M |
| Income Tax Expense | $109.20M | $57.50M | $100.80M | -$360.50M | -$36.50M | $6.10M | $700,000 | $4.80M | $200,000 | $5.20M |
| Net Income? | $508.40M | $452.30M | $453.60M | $553.20M | $335.80M | -$256.30M | -$52.70M | -$484.90M | -$111.70M | -$210.20M |
| EPS? | $1.89 | $1.42 | $1.33 | $1.53 | $0.87 | $-0.62 | $-0.13 | $-1.35 | $-0.28 | $-0.59 |
| Diluted EPS? | $1.86 | $1.40 | $1.31 | $1.52 | $0.85 | $-0.62 | $-0.13 | $-1.35 | $-0.28 | $-0.59 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality