Dropbox Inc (DBX)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	2,023,100	1,993,100	1,961,000	1,925,500	1,880,700	1,847,400	1,804,300	1,760,900	1,713,700	1,662,300	1,608,300	1,549,700	1,499,300	1,442,100	1,381,300	1,315,000	1,250,300	1,190,700	1,137,400	1,088,500
Revenue (ttm)	US$ in thousands	2,501,200	2,468,800	2,433,900	2,382,200	2,335,500	2,303,700	2,255,600	2,216,900	2,163,200	2,076,300	2,014,200	1,949,500	1,922,000	1,858,000	1,793,900	1,723,900	1,622,000	1,587,000	1,520,200	1,459,100
Gross profit margin		80.89%	80.73%	80.57%	80.83%	80.53%	80.19%	79.99%	79.43%	79.22%	80.06%	79.85%	79.49%	78.01%	77.62%	77.00%	76.28%	77.08%	75.03%	74.82%	74.60%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,023,100K ÷ $2,501,200K
= 80.89%

Dropbox Inc's gross profit margin has demonstrated consistency and stability over the past eight quarters. The company has maintained strong gross profit margins ranging from 79.73% to 81.12%. This indicates that Dropbox has been effective in managing its production costs and generating revenue from its core business activities. The relatively high and steady gross profit margins suggest that Dropbox has been successful in controlling its cost of goods sold and pricing strategies, leading to a healthy level of profitability from its goods and services. Overall, the trend in Dropbox's gross profit margin reflects a sound financial performance in terms of the company's ability to generate profits from its revenue streams.