Dropbox Announces Third Quarter 2026 Results
Business Wire•05/11/2026•16:04 ET
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Key Highlights
- ➤Revenue $637.3M, up 0.5% year-over-year; excluding FormSwift, growth was 1.0%
- ➤Non-GAAP operating margin 42.2%, up from 41.1% year-over-year
- ➤Unlevered free cash flow $303.9M, compared with $314.2M last year
- ➤Dropbox plans to acquire Tigris Data for approximately $350.0M in cash
- ➤DBX Agent Cloud launched as infrastructure for companies building AI applications
Expert Statements
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”
Ashraf Alkarmi, co-Chief Executive Officer of Dropbox
“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.”
Ashraf Alkarmi, co-Chief Executive Officer of Dropbox
“We’re making our customers’ content smarter and more useful by connecting Dropbox to the AI tools they already use.”
Ashraf Alkarmi, co-Chief Executive Officer of Dropbox
“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.”
Revenue of $637.3 Million, an increase of 0.5% year-over-year; excluding FormSwift, up 1.0% year-over-year
Third Quarter GAAP Operating Margin of 27.5% and Non-GAAP Operating Margin of 42.2%
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