who-owns-dropbox

Who Owns Dropbox?

Dropbox’s main shareholder, owner, and who has the majority of voting power is the CEO and co-founder of the company, Andrew W. Houston (Drew Houston), who has most of the company’s Class B shares (which give him most of the voting power), which provides him with nearly 75% of the voting power. Other major institutional investors comprise The Vanguard Group (10.9% ownership), BlackRock (7.32% ownership), Ameriprise Financial (6.18% ownership), and Columbia Management Investment Advisers (5.96% ownership).

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Who Owns Dropbox

who-owns-dropbox
Dropbox’s main shareholder, owner, and who has the majority of voting power is the CEO and co-founder of the company, Andrew W. Houston (Drew Houston), who has most of the company’s Class B shares (which give him most of the voting power), which provides him with nearly 75% of the voting power. Other major institutional investors comprise The Vanguard Group (10.9% ownership), BlackRock (7.32% ownership), Ameriprise Financial (6.18% ownership), and Columbia Management Investment Advisers (5.96% ownership).

Dropbox Business Model

dropbox-business-model
Dropbox generated over 90% of its revenue via its self-serve channels to convert users into paying customers through in-product prompts and notifications, time-limited free trials of paid subscription plans, email campaigns, and lifecycle marketing. Dropbox generated over $2.5 billion in revenue in 2023, with an average revenue per paying user of over $139, based on over 18 million paying users.

Dropbox Revenue

dropbox-revenue
Dropbox generated $2.5 billion in revenue in 2023, $2.32 billion in 2022, and $2.16 billion in 2021.

Dropbox Profits

dropbox-profits
Dropbox generated $453.6 million in profits in 2023, $553.2 million in 2022, and $335.8 million in profits in 2021.

Dropbox Free Cash Flow

dropbox-free-cash-flow
Dropbox generated $759.4 million in free cash flows in 2023, $763.5 million in 2022, and $707.7 million in 2021.

Dropbox Paying Users

dropbox-paying-users
Dropbox had 18.12 million paying users in 2023, 17.77 million in 2022, and 16.79 million in 2021.

Dropbox ARPU

dropbox-arpu
Dropbox ARPU in 2023 was $139.38, $134.51 in 2022, and $133.73 in 2021.

Dropbox Employees

dropbox-employees
Dropbox had 2,693 employees in 2023, 3,118 employees in 2022, 2,667 employees in 2021.

Dropbox Revenue per Employee

dropbox-revenue-per-employee
Dropbox generated $928,704 per employee in 2023, $745,350 in 2022, and $808,774 in 2021.

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