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Dropbox vs Dynatrace: DBX and DT compared
Dropbox is the larger company: $637M of revenue in its latest quarter (Q3 2026) against $580M for Dynatrace (Q2 FY27). Dynatrace is growing faster (+17% against +0.5% a year earlier). Dropbox is more profitable, with an operating margin of 27.5% against 16.5%.
Where the money goes: DBX and DT
Dropbox (DBX) · Q3 2026
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.
Dynatrace (DT) · Q2 FY27
Dynatrace, Q2 FY27: revenue $580M (+17% year over year), operating margin 16.5%, net earnings $67.8M, operating cash flow $41.1M. The chart follows the revenue to costs, profit and cash.
| Dropbox (DBX) | Dynatrace (DT) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $637M | $580M |
| Revenue growth, Y/Y | +0.5% | +17% |
| Gross margin | 80.6% | 80.6% |
| Operating margin | 27.5% | 16.5% |
| Net earnings | $116M | $67.8M |
| Net margin | 18.2% | 11.7% |
| Operating cash flow | $259M | $41.1M |
| Free cash flow | $252M | $36.0M |
| Market value | $7.8B | $13.1B |
| P/E | 17.9× | 80.4× |
| Analysts’ mean target | $33.50 | $61.26 |
Where the revenue comes from
Dynatrace
- Subscription: $553M (95%)
- Service: $26.8M (5%)
Questions
Which is bigger, Dropbox or Dynatrace?
Dropbox is the larger company: $637M of revenue in its latest quarter (Q3 2026) against $580M for Dynatrace (Q2 FY27).
Is Dropbox or Dynatrace growing faster?
Dynatrace is growing faster (+17% against +0.5% a year earlier).
Which is more profitable, Dropbox or Dynatrace?
Dropbox is more profitable, with an operating margin of 27.5% against 16.5%.
More: Dropbox earnings · how Dropbox makes money · Dynatrace earnings · how Dynatrace makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 6, 2026; 10-Q filed Nov 3, 2026). Fiscal quarters can end on different dates. Not investment advice.