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NASDAQ · Software - Infrastructure · USD

Dropbox, Inc. (DBX) Stock Analysis

Dropbox, Inc. (DBX) is a Software - Infrastructure stock listed on NASDAQ and quoted in US Dollar.

DBX

$34.83

−$0.87 (−2.44%)

Sep 4, 2026 · Market close

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Price History

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DBX Key Statistics

As of Sep 4, 2026
Trading
Open
$35.10
Previous Close
$35.70
Day's Range
34.32–35.24
52-Week Range
21.70–36.37
Volume
2.72M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.65
Valuation
Market Cap
$7.57B
P/E Ratio
19.24
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
10.49
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
28.29
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
2.99
EPS (ttm)Profit attributable to each share over the last twelve months.
1.81
Financials (FY)
Revenue (FY)
$2.52B−1.07%
Net Income (FY)
$508.40M+12.40%
Profit marginThe share of revenue left as profit after all costs and taxes.
17.49%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
142.30M
1-Year Return
+18.35%
Dividend and dates
Earnings Date
November 5, 2026estimated
Avg Volume
3.95M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

DBX Stock Return by Calendar Year

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+25.29%
2025−7.46%
2024+1.90%
2023+31.72%
2022−8.80%
2021+10.59%
2020+23.90%
2019−12.33%
2018 (partial year)−28.27%

As of September 4, 2026.

DBX Revenue and Earnings by Fiscal Year

FY ends December
Fiscal yearRevenueNet incomeNet margin
2025$2.52B$508.40M20.2%
2024$2.55B$452.30M17.7%
2023$2.50B$453.60M18.1%
2022$2.32B$553.20M23.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$2.52B$2.02B$687.80M$508.40M20.2%
2024$2.55B$2.10B$486.30M$452.30M17.7%
2023$2.50B$2.02B$383.50M$453.60M18.1%
2022$2.32B$1.88B$356.50M$553.20M23.8%

Annual figures as reported, in the company's reporting currency. As of December 31, 2025.

DBX Valuation vs Software - Infrastructure Median

Median of 187 stocks
MetricDBXSoftware - Infrastructure medianvs median
P/E19.2425.5125% below
P/S ratio2.993.4814% below
Profit margin17.49%0.00%17.5 pts above

Medians across 187 Software - Infrastructure stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 2026.

Recent News

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News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Dropbox, Inc. (DBX) carries a market capitalisation of $7.57B. The company sits in the Technology sector, in the Software - Infrastructure industry. Headcount on file is 2,113.

The 52-week range on file runs from $21.70 to $36.37. DBX last closed at $34.83 on September 4, 2026. That is −$0.87 (−2.44%) against the previous close. The latest close sits 60.54% above that 52-week low.

Financial Health

In fiscal 2025, Dropbox, Inc. reported revenue of $2.52B. That is −1.07% against the prior fiscal year, when revenue was $2.55B. Net income for the same year was $508.40M. That is +12.40% against the prior fiscal year. The reported profit margin is 17.49%. That is 17.5 percentage points above the Software - Infrastructure median of 0%. Earnings per share on a trailing basis come to 1.81.

Across the 4 fiscal years on file, revenue moves from $2.32B in 2022 to $2.52B in 2025. Of those 4 years, 4 report positive net income.

Valuation Assessment

On trailing earnings, the shares are priced at 19.24 times earnings. That is 24.58% below the Software - Infrastructure median of 25.51. The forward P/E on file is 10.49. The PEG ratio, which sets the P/E against expected earnings growth, reads 28.29. Measured against sales, the shares trade at 2.99 times revenue. On price-to-sales that is 13.97% below the Software - Infrastructure median of 3.48. The medians here are taken across 187 Software - Infrastructure companies that report the metric.

Beta against the wider market is reported at 0.65. Annualized volatility over the trailing 8 years is 37.6%. The trailing one-year price return is +18.35%. Across 5 years the annualized return works out at +1.46%.

Growth & Income

The record shows no dividend for DBX.

So far in 2026 the price is +25.29%. Across the complete calendar years on file, 2023 returned +31.72% and 2019 returned −12.33%. Of the 7 complete calendar years on file, 4 finished higher.

Peer Comparison

Dropbox, Inc. (DBX) operates in the Software - Infrastructure industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Dropbox, Inc. DBX $7.57B 19.2
Microsoft Corporation MSFT $3.71T 28.4
Oracle Corporation ORCL $457.36B 27.3
Palantir Technologies Inc. PLTR $418.93B 155.7

The Software - Infrastructure industry average P/E ratio is 25.5x. Dropbox, Inc. trades at a P/E of 19.2.

Every figure above is read from this page's own data on each nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Dropbox, Inc.

Dropbox, Inc. provides a content collaboration platform in the United States and internationally. The company's platform enables individuals, families, teams, and organizations to collaborate for free through its website or app, or through a paid subscription plan for premium features. Its platform consists of various elements, such as unified home for content, global sharing network, and product experiences and integrations. The company serves customers in the professional services, technology, media, education, industrial, consumer and retail, and financial services industries. The company was formerly known as Evenflow, Inc. and changed its name to Dropbox, Inc. in October 2009. Dropbox, Inc. was incorporated in 2007 and is headquartered in San Francisco, California.

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