Dropbox Inc (DBX)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	486,200	665,700	668,600	598,100	538,700	190,900	149,500	175,900	181,300	331,900	319,900	321,400	274,400	-142,400	-189,700	-261,300	-277,000	63,000	14,400	-32,400
Revenue (ttm)	US$ in thousands	2,548,200	2,539,600	2,533,800	2,521,800	2,501,600	2,465,400	2,423,400	2,373,600	2,324,900	2,291,600	2,250,800	2,208,700	2,157,900	2,096,500	2,033,700	1,970,500	1,913,900	1,855,800	1,796,600	1,730,700
Operating profit margin		19.08%	26.21%	26.39%	23.72%	21.53%	7.74%	6.17%	7.41%	7.80%	14.48%	14.21%	14.55%	12.72%	-6.79%	-9.33%	-13.26%	-14.47%	3.39%	0.80%	-1.87%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $486,200K ÷ $2,548,200K
= 19.08%

Dropbox Inc's operating profit margin has shown fluctuations over the periods analyzed. The margin was negative for a few quarters, indicating that the company's operating expenses exceeded its revenues in those periods. However, there has been a significant improvement in the operating profit margin from March 31, 2022, onwards.

The operating profit margin turned positive in the later quarters, reaching a peak of 26.39% on June 30, 2024. This indicates that the company was able to effectively manage its operating expenses and generate higher profits relative to its revenue during these periods.

Overall, the trend in operating profit margin for Dropbox Inc shows variability in performance, with recent quarters demonstrating a strong improvement in profitability. As the operating profit margin is a key indicator of a company's operational efficiency and financial health, the positive trend observed in the latter periods suggests potential growth and financial stability for the company.