Dropbox Inc (DBX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,103,100 | 2,023,100 | 1,880,700 | 1,713,700 | 1,499,300 |
| Revenue | US$ in thousands | 2,548,200 | 2,501,600 | 2,324,900 | 2,157,900 | 1,913,900 |
| Gross profit margin | 82.53% | 80.87% | 80.89% | 79.42% | 78.34% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,103,100K ÷ $2,548,200K
= 82.53%
Dropbox Inc's gross profit margin has shown a consistent positive trend over the years, reflecting an improvement in the company's ability to generate profit from its sales after deducting the cost of goods sold. The margin increased steadily from 78.34% as of December 31, 2020, to 82.53% as of December 31, 2024. This upward trajectory indicates that Dropbox has been successful in managing its production costs and pricing strategies effectively, resulting in a higher percentage of revenue being retained as gross profit. The consistent growth in gross profit margin is a positive indicator of the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024