NASDAQ$DBX

Dropbox Inc · Q2 2025 earnings

Q2 2025 earnings · · After market close · Investor relations

Briefing

Dropbox Inc reported its Q2 2025 financial results with revenue of $625.7 million.

Dropbox achieved revenue of $625.7 million for the three months ended June 30, 2025, representing a 1.4% decline year-over-year. Net income rose to $125.6 million with diluted EPS of $0.45, while operating income increased to $168.4 million. The company maintained 18.13 million paying users and continued executing its share repurchase program.

  • Revenue declined 1.4% year-over-year to $625.7 million due to strategic reductions in FormSwift investments and Teams plan challenges.
  • Net income increased 13.7% to $125.6 million, with diluted EPS rising to $0.45 from $0.34.
  • Operating income grew 32.6% to $168.4 million, supported by cost reductions from the 2024 workforce reduction.
  • Paying users totaled 18.13 million as of period end, with Total ARR at $2.542 billion.

Headline financials

Total Revenue

$626M

Previous: $635M-1.4%
EPS (adj)

$0.45

Previous: $0.34+32.4%
Paying users

18.1M

Previous: 18.2M-0.5%
ARPU

$138.32

Previous: $139.93-1.2%
Capital Expenditures

-$2.1M

Previous: -$15.1M+86.1%
Net Income

$126M

Previous: $111M+13.7%
Operating Income

$168M

Previous: $127M+32.6%
R&D Expense

$184M

Previous: $227M-18.8%

Revenue & EPS history

Dropbox · Revenue · Quarterly

$626M

Q2 2025-1.4%vs Q2 2024
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Historical earnings impact

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

Avg. return before/after earnings

Based on 19 quarterly earnings reports

Historical avg

-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
Q2 2025
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

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro