Dropbox Inc Class A

DBX: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Dropbox Earnings: User Growth Improves, but Monetization Still Lags

Mark Giarelli , Robert Leary

Aug 7, 2026

Dropbox topped second-quarter revenue expectations and raised full-year guidance as the firm posted its strongest sequential net paying users gain in roughly three years. Yet revenue grew just 1%, showing that better user trends have yet to materially improve the growth outlook.

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Dropbox Inc Class A

Dropbox Earnings: User Growth Improves, but Monetization Still Lags

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