Filing Flows › Dropbox (DBX) › Operating margin
Dropbox (DBX) operating margin by quarter
Dropbox's operating margin was 27.5% in Q3 2026 (third quarter 2026), +1.4 pts from Q2 2026. Over the last 7 quarters it ranged from 25.5% (Q4 2025) to 29.4% (Q1 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 27.5% | +1.4 pts | -0.0 pts |
| Q2 2026 | 26.1% | -1.4 pts | -0.8 pts |
| Q1 2026 | 27.5% | +2.0 pts | -2.0 pts |
| Q4 2025 | 25.5% | -2.0 pts | — |
| Q3 2025 | 27.5% | +0.6 pts | — |
| Q2 2025 | 26.9% | -2.5 pts | — |
| Q1 2025 | 29.4% | — | — |
Q3 2026 at a glance
Dropbox, Q3 2026: revenue $637M (+0.5% year over year), operating margin 27.5%, net earnings $116M, operating cash flow $259M. The chart follows the revenue to costs, profit and cash.
Questions
What is Dropbox's operating margin?
Dropbox's operating margin was 27.5% in Q3 2026 (third quarter 2026), +1.4 pts from Q2 2026.
How has Dropbox's operating margin changed?
Over the last 7 quarters it ranged from 25.5% (Q4 2025) to 29.4% (Q1 2025).