Dropbox Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	2,526	2,521	2,548	2,502	2,325	2,158
Revenue Growth (YoY)	-0.62%	-1.07%	1.86%	7.60%	7.74%	12.75%
Cost of Revenue	512.2	500.8	445.1	478.5	444.2	444.2
Gross Profit	2,014	2,020	2,103	2,023	1,881	1,714
Selling, General & Admin	599	600.4	701.9	703.1	632.3	652.1
Research & Development	737.8	732	914.9	936.5	891.9	755.9
Other Operating Expenses	-1.3	-1.3	0.1	-155.2	175.2	31.3
Total Operating Expenses	1,336	1,331	1,617	1,484	1,699	1,439
Operating Income	678.1	689.1	486.2	538.7	181.3	274.4
Total Non-Operating Income (Expense)	-88.6	-71.5	23.6	15.7	11.4	24.9
Pretax Income	589.5	617.6	509.8	554.4	192.7	299.3
Provision for Income Taxes	116.9	109.2	57.5	100.8	-360.5	-36.5
Net Income	472.6	508.4	452.3	453.6	553.2	335.8
Net Income to Common	472.6	508.4	452.3	453.6	553.2	335.8
Net Income Growth	0.49%	12.40%	-0.29%	-18.00%	64.74%	-
Shares Outstanding (Basic)	255	268	318	341	361	388
Shares Outstanding (Diluted)	258	273	323	346	363	396
Shares Change (YoY)	-16.89%	-15.65%	-6.42%	-4.87%	-8.21%	-4.46%
EPS (Basic)	1.85	1.89	1.42	1.33	1.53	0.87
EPS (Diluted)	1.83	1.86	1.40	1.31	1.52	0.85
EPS Growth	19.61%	32.86%	6.87%	-13.82%	78.82%	-
Shares Outstanding	230.3	242.9	295.9	336.7	349.4	375.5
Free Cash Flow	980.4	930.8	871.6	759.4	763.5	707.7
Free Cash Flow Growth	5.33%	6.79%	14.77%	-0.54%	7.89%	44.22%
Free Cash Flow Per Share	3.80	3.41	2.70	2.20	2.10	1.79
Gross Margin	79.72%	80.13%	82.53%	80.87%	80.89%	79.42%
Operating Margin	26.85%	27.33%	19.08%	21.53%	7.80%	12.72%
Profit Margin	18.71%	20.17%	17.75%	18.13%	23.79%	15.56%
FCF Margin	38.82%	36.92%	34.20%	30.36%	32.84%	32.80%
EBITDA	836.5	846.5	623.5	708.7	338.4	425.8
EBITDA Margin	33.12%	33.58%	24.47%	28.33%	14.56%	19.73%
EBIT	678.1	689.1	486.2	538.7	181.3	274.4
EBIT Margin	26.85%	27.33%	19.08%	21.53%	7.80%	12.72%
Effective Tax Rate	19.83%	17.68%	11.28%	18.18%	-187.08%	-12.20%

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q