Dropbox, Inc.: Beat — EPS $0.88, Revenue $637.3M
Earnings BeatQ3 2026 · After-market
Did Dropbox, Inc. (DBX) beat earnings?
Yes, Dropbox, Inc. (DBX) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+20.55% surprise
$0.88Actual
Expected: $0.73
vs. year ago +18.9%
Total Revenue+1.28% surprise
$637.3MActual
Expected: $629.23M
vs. year ago +0.5%
Released Nov 05 · 4:04 PM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $637.30M | $634.40M | +0.5% |
| Net Income | $116.10M | $123.80M | -6.2% |
| GAAP Basic EPS | $0.53 | $0.47 | +12.8% |
| GAAP Diluted EPS | $0.52 | $0.47 | +10.6% |
| Non-GAAP Diluted EPS | $0.88 | $0.74 | +18.9% |
Business Highlights
- ➤Introduced DBX Agent Cloud for companies and developers building AI applications.
- ➤DBX Agent Cloud begins with standalone, S3-compatible object storage.
- ➤Agent Cloud is planned to expand into filesystem and content-processing capabilities.
- ➤Agreed to acquire Tigris Data for approximately $350.0M in cash.
- ➤Tigris provides a globally distributed object storage platform built for AI.
- ➤Tigris acquisition is expected to close in Q4 2026, subject to customary conditions.
- ➤Launched the new Dropbox experience for finding, understanding, creating, and editing content.
Management Commentary
Ashraf Alkarmi, co-Chief Executive Officer of Dropbox
“Q3 was another beat-and-raise quarter, with revenue growth excluding FormSwift and non-GAAP operating margin both ahead of our guidance, marking our fifth consecutive quarter of year-over-year revenue growth excluding FormSwift. We’re executing on our strategy to become the trusted, independent content foundation for the AI era, and I’m excited about the opportunity in front of us. We’re making our customers’ content smarter and more useful by connecting Dropbox to the AI tools they already use. And with DBX Agent Cloud and our agreement to acquire Tigris, we’re putting the infrastructure we’ve built over nearly two decades to work for companies building AI applications, opening a new avenue for growth.”