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Dropbox paid $35 million in federal income tax on $508.4 million of net income

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Tax Coda
Mar 20, 2026
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Dropbox paid $129.39 million in cash income taxes worldwide this year. The 10-K lists several places where these payments were made, but only a few are detailed separately.

The disclosure shows U.S. federal and state payments, one specific foreign country, and a general foreign category. It reveals where cash taxes were paid, but does not give a full list by country.

Country-level tax picture

Dropbox’s cash tax payments are divided between the U.S. and other countries. Most were paid in the United States, with a smaller share going to the United Kingdom and other unnamed foreign countries.

The filing lists five categories of cash income taxes paid.

  • Federal: $35.0 million

  • California: $19.465 million

  • Other state and local: $31.869 million

  • United Kingdom: $33.665 million

  • Other foreign: $9.391 million

In total, Dropbox paid $129.39 million in cash income taxes.

Concentration and scale

Cash tax payments are split between the U.S. and other countries, but most of the payments were made in the United St…

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