Filing Flows › Dropbox (DBX) › Q2 2026
Dropbox (DBX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 7, 2026
Dropbox (DBX) reported revenue of $632M for the second quarter 2026 (Q2 2026), +0.9% from a year earlier and +0.3% from the quarter before. Operating margin was 26.1%, net earnings $95.8M (15.2% of revenue).
Dropbox, Q2 2026: revenue $632M (+0.9% year over year), operating margin 26.1%, net earnings $95.8M, operating cash flow $238M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $632M | +0.3% | +0.9% |
| Gross profit | $506M | +1% | +0.9% |
| Operating profit | $165M | -5% | -2% |
| Net earnings | $95.8M | -16% | -24% |
| Operating cash flow | $238M | +17% | -8% |
| Free cash flow | $235M | — | -9% |
What changed
Revenue was $631.5M in Q2 2026, up 1% year over year and roughly flat from the previous quarter.
Gross margin was 80.2%, unchanged from Q2 2025. Operating profit was $164.8M, a 26.1% margin (down 0.8 points year over year). Operating profit fell $3.6M even though revenue rose $5.8M versus Q2 2025, so costs grew faster than sales. Operating expenses grew 2% against revenue growth of 1%. Net earnings were $95.8M, down 24% year over year. The effective tax rate was 18.6%.
Operating cash flow was $238.5M (down 8% year over year), 249% of net earnings. Non-cash charges added back $36.5M of depreciation and amortization and $77.3M of share-based compensation. Working capital and other items added $28.9M. After capital expenditures ($3.3M), free cash flow as the company reports it was $235.2M.
Questions
What was Dropbox's revenue in the second quarter 2026?
Dropbox (DBX) reported revenue of $632M for the second quarter 2026 (Q2 2026), +0.9% from a year earlier and +0.3% from the quarter before.
Was Dropbox profitable in the second quarter 2026?
Operating profit was $165M (26.1% of revenue) and net earnings $95.8M.
Source: Dropbox 10-Q on SEC EDGAR.