NASDAQ$DBX
Dropbox Inc · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Delivered a solid quarter, beating revenue guidance and driving better than expected profitability.
Dropbox's Q3 2023 revenue reached $633.0 million, a 7.1% increase year-over-year, with a GAAP net income of $114.1 million. The company's ARR ended at $2.525 billion, up 3.8% year-over-year, and paying users totaled 18.17 million, compared to 17.55 million in the same period last year.
- Total revenue was $633.0 million, an increase of 7.1% from the same period last year.
- Total ARR ended at $2.525 billion, an increase of 3.8% from the same period last year.
- Paying users ended at 18.17 million, as compared to 17.55 million for the same period last year.
- GAAP net income was $114.1 million, as compared to $83.2 million for the same period last year.
Headline financials
Revenue & EPS history
Dropbox · Revenue · Quarterly
$633M
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 2023
-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 | — | — | — |
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