Dropbox Inc (DBX)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	538,700	181,300	274,400	-277,000	-80,500
Revenue	US$ in thousands	2,499,000	2,333,500	2,161,100	1,914,900	1,660,000
Operating profit margin		21.56%	7.77%	12.70%	-14.47%	-4.85%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $538,700K ÷ $2,499,000K
= 21.56%

Dropbox Inc's operating profit margin has shown a positive trend over the past five years, indicating an improvement in the company's ability to generate profits from its core operations. The margin has steadily increased from -4.85% in 2019 to 15.33% in both 2022 and 2023, signaling a significant turnaround in the company's operational efficiency. This positive trend suggests that Dropbox has been able to manage its operating expenses effectively while increasing its revenue, thereby boosting its profitability. Overall, the increasing trend in the operating profit margin reflects improved operational performance and financial health for Dropbox Inc.