Dropbox (DBX) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 79.7%
EBITDA Margin: 27.5%
Op. Margin: 27.5%
Net Margin: 18.2%

Op. margin of 27.5% is down 2.0% YoY — costs are rising relative to revenue. Net margin at 18.2% and gross margin of 79.7% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit