Dropbox Q2 revenue rises 0.9% to $631.5 million; GAAP net income falls to $95.8 million
Dropbox reported results for the quarter ended June 30, 2026, with revenue up 0.9% year over year to $631.5 million. GAAP net income and GAAP diluted earnings per share declined from a year earlier, while non-GAAP diluted earnings per share rose to $0.75 from $0.71. The filing does not include forward guidance; the company said it will provide guidance on its conference call.
Key points
- Revenue was $631.5 million, up from $625.7 million; excluding FormSwift, revenue rose 1.7%.
- GAAP net income was $95.8 million versus $125.6 million; GAAP diluted EPS was $0.42 versus $0.45.
- Non-GAAP diluted EPS was $0.75 versus $0.71; non-GAAP operating margin was 39.7% versus 41.5%.
- Common stock repurchases were $330.3 million in the quarter; unlevered free cash flow was $283.5 million.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 12:57 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.