Dropbox, Inc. (DBX) Stock

About Dropbox, Inc.

Dropbox, Inc. is led by CEO Andrew W. Houston, employs 2,113 people, headquartered in San Francisco, US, publicly traded since 2018.

Dropbox, Inc. (DBX) stock trades at $37.83 with a market capitalization of $8.23B. The stock is valued at a price-to-earnings (P/E) ratio of 20.10, a negative price-to-book of -3.76, reflecting negative shareholders' equity, price-to-sales of 3.14. Over the past 52 weeks the stock has ranged between $21.70 and $38.17, and currently trades at or near its 52-week high.

On profitability, Dropbox, Inc. generates a return on equity (ROE) of -23.53% (not meaningful, as shareholders' equity is negative), return on capital employed of 40.70%, an operating margin of 27.45%, a net profit margin of 17.49%.

Dropbox, Inc. by the numbers, 2016–2025

Between 2016 and 2025 Dropbox, Inc. reported revenue of $845.0M rising to $2.5B, a change of +198.3% across 10 years. Compounded, revenue has grown 5.7% a year over five years, 2.7% over three, -1.1% over the last twelve months. Net profit rose to $508.0M.

Operating margin went from -22.9% in 2016 to 27.4% in 2025, a gain of 50.3 percentage points. The most recent net margin is 17.49%. On a trailing twelve-month basis to Jun '26, revenue is $2.5B and net profit $444.0M.

Borrowings rose from $257.0M to $3.9B, cash from operations was $952.0M in the latest year, positive in 10 of the last 10.

Return on equity has averaged -131.0% over five years, and was -28.3% in the most recent year.

The share price itself has compounded at —% a year over five years, —% over three, —% over the last year. Past price movement is history, not a forecast.

Figures are as reported and in the company's own reporting currency. They describe what has already happened and carry no implication about what follows.

Dropbox, Inc. (DBX) — frequently asked questions