NASDAQ$DBX

Dropbox Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Second quarter results were announced with revenue up 7.9% year-over-year.

Dropbox announced its Q2 2022 results with a total revenue of $572.7 million, up 7.9% year-over-year. The company's paying users reached 17.37 million, and ARR ended at $2.333 billion.

  • Total revenue was $572.7 million, an increase of 7.9% from the same period last year.
  • Total ARR ended at $2.333 billion, an increase of 7.7% year-over-year.
  • Paying users ended at 17.37 million, as compared to 16.14 million for the same period last year.
  • GAAP operating margin was 14.5%, and non-GAAP operating margin was 31.9%.

Headline financials

Total Revenue

$573M

Previous: $531M+7.9%
EPS (adj)

$0.38

Previous: $0.40-5.0%
Paying Users

17.4M

Previous: 16.1M+7.6%
ARPU

$133.34

Previous: $133.15+0.1%
Total ARR

$2.33B

Previous: $2.17B+7.7%
Capital Expenditures

-$14.7M

Previous: -$10.8M-36.1%
Free Cash Flow

$47.3M

Previous: $77.2M-38.7%
Net Income

$62M

Previous: $88M-29.5%
Operating Income

$82.9M

Previous: $84.4M-1.8%
Gross Profit

$467M

Previous: $424M+10.2%
Cash & Equivalents

$352M

Previous: $885M-60.2%
Total Assets

$2.76B

Previous: $3.33B-17.1%
Stock-Based Comp

$85M

Previous: $73.9M+15.0%

Revenue & EPS history

Dropbox · Revenue · Quarterly

$573M

Q2 2022+7.9%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
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 2022

Historical avgQ2 2022

-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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