NASDAQ$DBX

Dropbox Inc · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Delivered strong results amidst a challenging macroeconomic backdrop.

Dropbox announced its Q3 2022 financial results, reporting a total revenue of $591.0 million, up 7.4% year-over-year, and ARR of $2.431 billion, up 9.6% year-over-year. GAAP operating income was $89.3 million, up 15.5% year-over-year.

  • Total revenue was $591.0 million, an increase of 7.4% from the same period last year.
  • Total ARR ended at $2.431 billion, an increase of $98.0 million quarter-over quarter and an increase of 9.6% year-over-year.
  • Paying users ended at 17.55 million, as compared to 16.49 million for the same period last year.
  • GAAP net income was $83.2 million, as compared to $75.6 million for the same period last year.

Headline financials

Total Revenue

$591M

Previous: $550M+7.4%
EPS (adj)

$0.43

Previous: $0.37+16.2%
Paying Users

17.6M

Previous: 16.5M+6.4%
ARPU

$134.31

Previous: $133.79+0.4%
Total ARR

$2.43B

Previous: $2.22B+9.6%
Capital Expenditures

-$20.9M

Previous: -$20.8M-0.5%
Free Cash Flow

$62.3M

Previous: $54.8M+13.7%
Net Income

$83.2M

Previous: $75.6M+10.1%
Operating Income

$89.3M

Previous: $77.3M+15.5%
Gross Profit

$481M

Previous: $438M+9.8%
Cash & Equivalents

$372M

Previous: $689M-46.0%
Total Assets

$2.7B

Previous: $3.34B-19.1%
Stock-Based Comp

$86.1M

Previous: $72.8M+18.3%

Revenue & EPS history

Dropbox · Revenue · Quarterly

$591M

Q3 2022+7.4%vs Q3 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 Q3 2022

Historical avgQ3 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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