Filing Flows › Dropbox (DBX) › Q3 2026
Dropbox (DBX) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 6, 2026
Dropbox (DBX) reported revenue of $637M for the third quarter 2026 (Q3 2026), +0.5% from a year earlier and +0.9% from the quarter before. Operating margin was 27.5%, net earnings $116M (18.2% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $637M | +0.9% | +0.5% |
| Gross profit | $514M | +1% | +2% |
| Operating profit | $175M | +6% | +0.3% |
| Net earnings | $116M | +21% | -6% |
| Operating cash flow | $259M | +9% | -14% |
| Free cash flow | $252M | — | -14% |
What changed
Revenue was $637.3M in Q3 2026, roughly flat year over year and up 1% from the previous quarter.
Gross margin was 80.6%, up 0.8 points from Q3 2025. Operating profit was $175.2M, a 27.5% margin (unchanged year over year). Of the extra revenue versus Q3 2025, 17% reached operating profit, below the 28% margin then. Operating expenses grew 2% against flat revenue. The fastest-growing cost line was General & admin (+15%). Net earnings were $116.1M, down 6% year over year. The effective tax rate was 10.4%.
Operating cash flow was $259.2M (down 14% year over year), 223% of net earnings. Non-cash charges added back $35.2M of depreciation and amortization and $77.0M of share-based compensation. Working capital and other items added $30.9M. After capital expenditures ($7.4M), free cash flow as the company reports it was $251.8M.
Questions
What was Dropbox's revenue in the third quarter 2026?
Dropbox (DBX) reported revenue of $637M for the third quarter 2026 (Q3 2026), +0.5% from a year earlier and +0.9% from the quarter before.
Was Dropbox profitable in the third quarter 2026?
Operating profit was $175M (27.5% of revenue) and net earnings $116M.
Source: Dropbox 10-Q on SEC EDGAR.