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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.

Last Updated: October 21, 2026

DBX

$36.59

+$0.23 (+0.63%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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DBX Key Statistics

As of Oct 21, 2026
Trading
Open
$36.61
Previous Close
$36.36
Day's Range
36.32–36.83
52-Week Range
21.70–38.17
Volume
3.05M
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.
0.63
Valuation
Market Cap
$7.96B
P/E Ratio
20.22
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
11.08
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.
25.61
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
3.14
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
+22.70%
Dividend and dates
Earnings Date
November 5, 2026
Avg Volume
4.09M

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

Key facts

As of October 21, 2026, DBX closed at $36.59, +22.70% over 1 year.

Dropbox, Inc. (DBX) has a market capitalization of $7.96B.

In fiscal 2025, DBX reported revenue of $2.52B.

DBX Stock Return by Calendar Year

Dropbox, Inc. (DBX) return since Mar 2018: what $10,000 became

1 year
$10,000 $12,270
+22.70%
5 years
$10,000 $11,981
+19.81%
Since Mar 2018
$10,000 $12,848
+28.48%

If you had invested $10,000 in Dropbox, Inc. (DBX) at the close on March 23, 2018, the earliest close on record here, it would have been worth $12,848 at the close on October 21, 2026: +28.48% in total, +2.96% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

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

YearReturn
2026 (partial year)+31.62%
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 October 21, 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 182 stocks
MetricDBXSoftware - Infrastructure medianvs median
P/E20.2230.1733% below
P/S ratio3.143.274% below
Profit margin17.49%2.53%15.0 pts above

Medians across 182 Software - Infrastructure stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

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

Analysis

Data-derived

Company Overview

Dropbox, Inc. (DBX) carries a market capitalisation of $7.96B. 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 $38.17. DBX last closed at $36.59 on October 21, 2026. That is +$0.23 (+0.63%) against the previous close. The latest close sits 68.66% 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 15 percentage points above the Software - Infrastructure median of 2.53%. 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 20.22 times earnings. That is 32.97% below the Software - Infrastructure median of 30.17. The forward P/E on file is 11.08. The PEG ratio, which sets the P/E against expected earnings growth, reads 25.61. Measured against sales, the shares trade at 3.14 times revenue. On price-to-sales that is 3.8% below the Software - Infrastructure median of 3.27. The medians here are taken across 182 Software - Infrastructure companies that report the metric.

Beta against the wider market is reported at 0.63. Annualized volatility over the trailing 8 years is 37.56%. The trailing one-year total return is +22.70%. Across 5 years the annualized return works out at +3.68%.

Growth & Income

The record shows no dividend for DBX.

So far in 2026 the total return is +31.62%. 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 $7.96B 20.2
Microsoft Corporation MSFT $3.96T 29.7
Palantir Technologies Inc. PLTR $484.74B 173.9
Oracle Corporation ORCL $391.46B 20.2

The Software - Infrastructure industry average P/E ratio is 30.2x. Dropbox, Inc. trades at a P/E of 20.2.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 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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