NASDAQ$DBX
Dropbox Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
Reported a revenue increase of 1.9% year-over-year, reaching $634.5 million.
Dropbox announced its Q2 2024 results, with revenue reaching $634.5 million, a 1.9% increase year-over-year. The company reported a GAAP operating margin of 20.0% and a non-GAAP operating margin of 35.9%. Net cash provided by operating activities was $230.6 million, and free cash flow was $224.7 million.
- Total revenue was $634.5 million, up 1.9% year-over-year.
- Total ARR was $2.573 billion, an increase of 2.9% from the same period last year.
- Paying users reached 18.22 million, compared to 18.04 million in the same period last year.
- GAAP operating margin was 20.0%, while non-GAAP operating margin was 35.9%.
Headline financials
Revenue & EPS history
Dropbox · Revenue · Quarterly
$635M
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 2024
-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
| Quarter | Report date | Reaction (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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