Dropbox Inc (DBX)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	453,600	553,200	335,800	-256,300	-52,700
Revenue	US$ in thousands	2,499,000	2,333,500	2,161,100	1,914,900	1,660,000
Net profit margin		18.15%	23.71%	15.54%	-13.38%	-3.17%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $453,600K ÷ $2,499,000K
= 18.15%

Dropbox Inc's net profit margin has fluctuated over the past five years. In 2023, the net profit margin was 18.13%, showing a decrease from 2022 when it was 23.79%. However, compared to 2021 when it stood at 15.56%, the margin improved. The company experienced negative net profit margins in both 2020 (-13.39%) and 2019 (-3.17%), indicating losses during those years. Overall, while the recent net profit margin in 2023 reflects a profitable outcome, the company has faced challenges in profitability in the prior years.