Dropbox Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

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

Updated Feb 19, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q