Dropbox Inc (DBX)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	554,400	203,700	166,400	186,500	192,700	356,900	334,800	346,700	299,300	-132,000	-174,500	-243,600	-250,200	92,900	43,900	1,200	-52,000	-57,000	-47,600	-29,800
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
Pretax margin		22.17%	8.25%	6.84%	7.83%	8.25%	15.49%	14.84%	15.64%	13.84%	-6.36%	-8.66%	-12.50%	-13.02%	5.00%	2.45%	0.07%	-3.21%	-3.59%	-3.13%	-2.04%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $554,400K ÷ $2,501,200K
= 22.17%

Dropbox Inc's pretax margin fluctuated over the past eight quarters, with the highest pretax margin recorded in Q4 2023 at 22.16% and the lowest in Q2 2023 at 6.87%. Overall, there appears to be some variability in the company's ability to generate profits before taxes, with some quarters showing stronger performance compared to others. It is important for stakeholders to closely monitor Dropbox's pretax margin trend to assess the company's profitability and financial health.