undamentalytics Newsletter
Sign in

Dropbox, Inc. income statement

In fiscal 2025, Dropbox, Inc. reported revenue of $2.52bn, down 1.1% on the year before, operating income of $689m (a 27.3% margin) and net income of $508m, or $1.86 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Revenue8451,1071,3921,6611,9142,1582,3252,5022,5482,5212,532
Cost of revenue391369395411415444444479445501514
Gross profit4547389971,2501,4991,7141,8812,0232,1032,0202,018
Research and development290380768662728756892937915732742
Selling and marketing251314440423423428409466461370367
General and administrative107157283245228225223237241231239
Operating income−194−114−494−81−277274181539486689675
Income before tax−205−112−480−52−250299193554510618559
Income tax50516−37−36110158109117
Net income−210−112−485−53−256336553454452508443
Diluted EPS−$1.11−$0.57−$1.35−$0.13−$0.62$0.85$1.52$1.31$1.40$1.86$1.80
Diluted shares (average)189m196m359m412m414m396m363m346m323m273m246m
EBITDA−2057−33579−132410322678596821806

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: DBX vs VYXDBX vs TYLDBX vs RNGDBX vs FICO

More: Application Software stocks compared, Technology sector, rankings of US companies

Figures from Dropbox, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Dropbox, Inc.