NASDAQ$DBX

Dropbox Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Dropbox's Q2 2021 revenue increased by 13.5% year-over-year, with GAAP operating income up by 558.4% and non-GAAP operating income up by 76.1%.

Dropbox announced strong second-quarter results, with revenue reaching $530.6 million, a 13.5% increase year-over-year. The company reported significant growth in GAAP and non-GAAP operating income, alongside a rise in paying users and average revenue per paying user. Free cash flow also reached a record $216.0 million.

  • Total revenue was $530.6 million, up 13.5% year-over-year.
  • Total ARR reached $2.166 billion, an increase of 12.2% year-over-year.
  • Paying users totaled 16.14 million, compared to 14.96 million in the same period last year.
  • Free cash flow was $216.0 million, compared to $119.8 million in the same period last year.

Headline financials

Total Revenue

$531M

Previous: $467M+13.5%
EPS (adj)

$0.40

Previous: $0.22+81.8%
Paying Users

16.1M

Previous: 15.0M+7.6%
ARPU

$133.15

Previous: $126.88+4.9%
Total ARR

$2.17B

Previous: $1.93B+12.2%
Capital Expenditures

-$10.8M

Previous: -$53.9M+80.0%
Free Cash Flow

$77.2M

Previous: -$36.4M+312.1%
Net Income

$88M

Previous: $17.5M+402.9%
Operating Income

$84.4M

Previous: $12.8M+559.4%
Gross Profit

$424M

Previous: $365M+16.1%
Cash & Equivalents

$885M

Previous: $334M+164.9%
Total Assets

$3.33B

Previous: $2.74B+21.4%
Stock-Based Comp

$73.9M

Previous: $76.6M-3.5%

Revenue & EPS history

Dropbox · Revenue · Quarterly

$531M

Q2 2021+13.5%vs Q2 2020
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Forward guidance

Dropbox will provide forward-looking guidance in connection with this quarterly earnings announcement on its conference call, webcast, and on its investor relations website

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2021

Historical avgQ2 2021

-1.1%

Avg return

Earnings day

-2.7%

Avg return

5 days after

-2.4%

Avg return

30 days after

38%

12 / 32 earnings

Positive

+22.5%

Q4 2019

Best reaction

-22.6%

Q4 2023

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+15.2%+4.5%+9.7%
Q4 2025+2.7%-1.2%+1.2%
Q3 2025+7.6%+7.6%+2.3%
Q1 2025-0.7%-0.3%-0.7%
Q4 2024-16.2%-16.6%-16.9%
Q3 2024-3.1%+0.1%+4.2%
Q2 2024+3.5%+3.7%+6.5%
Q1 2024-0.8%+3.0%-8.1%
Q4 2023-22.6%-25.2%-26.5%
Q3 2023-0.6%-1.0%+10.0%
Q2 2023+6.3%+7.5%+7.7%
Q1 2023+7.2%+6.6%+19.1%
Q4 2022-12.2%-11.9%-17.2%
Q3 2022+3.5%+4.4%+12.8%
Q2 2022-0.8%+1.4%-10.8%
Q1 2022-5.6%-7.8%+1.9%
Q4 2021-7.6%-13.3%-7.5%
Q3 2021-9.5%-7.1%-22.0%
Q2 2021+2.5%+3.0%+3.1%
Q1 2021-0.6%+2.8%+14.6%
Q4 2020-2.7%-3.8%+11.5%
Q3 2020+3.2%-0.4%+9.7%
Q2 2020-10.9%-15.3%-14.9%
Q1 2020+7.5%+8.8%+8.0%
Q4 2019+22.5%+12.7%-4.0%
Q3 2019-3.7%-8.0%-11.1%
Q2 2019-9.9%-11.5%-8.6%
Q1 2019-0.7%-6.3%-2.7%
Q4 2018-8.0%-4.5%-14.8%
Q3 2018+2.2%-5.4%-14.0%
Q2 2018-1.6%-8.2%-15.2%
Q1 2018-0.4%-5.9%-4.6%
Q4 2017
Q3 2017
Q2 2017
Q1 2017
Q4 2016
Q3 2016
Q2 2016
Q1 2016

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