Dropbox (DBX) FCF conversion US GAAP (year values)

FY2021 FY2022 FY2023 FY2024 FY2025   LTM ? 5 years average
FCF conversion, % 153.3% 148.4% 137.1% 139.8% 104.6%   114.2%  
Changes by years, y/y, % -22pp -5pp -11pp +3pp -35pp     +137%

Dropbox. FCF conversion, %

Dropbox. FCF conversion, changes, pp

Dropbox (DBX) FCF conversion US GAAP (quarter values)

FY2025Q3 FY2025Q4 FY2026Q1 FY2026Q2 FY2026Q2   LTM ?
FCF conversion, % 135.3% 104.2% 90.4% 115.2% 115.2%   114.2%
Changes by years, y/y, % -30pp -63pp +25pp -6pp -6pp    
Changes by quarters, q/q, % +14pp -31pp -14pp +25pp 0pp    

Dropbox. FCF conversion, %

Dropbox. FCF conversion, changes, pp

Dropbox. FCF conversion, changes, pp