Dropbox Inc (DBX)

Operating 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
Operating income (ttm)	US$ in thousands	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	-80,500	-85,900	-76,200	-49,400
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
Operating profit margin		21.54%	7.73%	6.14%	7.38%	7.76%	14.41%	14.18%	14.50%	12.68%	-6.86%	-9.42%	-13.40%	-14.41%	3.39%	0.80%	-1.88%	-4.96%	-5.41%	-5.01%	-3.39%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $538,700K ÷ $2,501,200K
= 21.54%

Dropbox Inc's operating profit margin has shown slight fluctuations over the past eight quarters. The operating profit margin ranged from a low of 13.13% in Q2 2023 to a high of 15.65% in Q3 2022. Overall, the operating profit margin has been relatively stable, indicating that the company has been able to effectively manage its operating expenses to generate profits. The average operating profit margin over the period appears to be around 15%, with the most recent quarter at 15.33%. This suggests that Dropbox Inc has been operating with consistent profitability relative to its revenues over the quarters analyzed.