Dropbox (DBX) vs Paymentus (PAY)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Dropbox (DBX) has outperformed Paymentus (PAY) over the past year, gaining 15.5% versus a loss of 0.1%. Over five years, PAY leads with a +32.8% price change compared with +12.7% for DBX. Dropbox is the larger company by market cap ($7.42 billion vs $4.02 billion), about 1.8 times the size, while Paymentus is growing revenue faster (+37.3% vs -1.1%).
On valuation, Dropbox trades at a lower forward P/E (10.3x vs 29.3x for Paymentus). Dropbox converts more of its revenue into profit, with a net margin of 20.2% versus 5.6%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | DBX | PAY |
|---|---|---|
| Share price | $34.14 | $31.92 |
| Market cap | $7.42B | $4.02B |
| 1-day change | +3.20% | +1.92% |
| YTD return | +22.81% | +1.04% |
| 1-year return | +15.49% | -0.09% |
| 5-year return | +12.71% | +32.78% |
| P/E ratio (TTM) | 18.86 | 48.36 |
| Forward P/E | 10.33 | 29.26 |
| EPS (TTM) | $1.81 | $0.66 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $2.52B | $1.20B |
| Revenue growth (YoY) | -1.07% | +37.25% |
| Net income (latest FY) | $508.40M | $66.94M |
| Gross margin | 80.13% | 24.77% |
| Operating margin | 27.33% | 6.31% |
| Net margin | 20.17% | 5.59% |
| 52-week high | $38.17 | $45.31 |
| 52-week low | $21.70 | $20.11 |
| Distance from 52-week high | -10.56% | -29.55% |
| Analyst consensus | underperform | buy |
| Avg. price target upside | -6.85% | +25.75% |
| Average volume | 4.19M | 1.16M |
| Shares outstanding | 142.30M | 63.11M |
| Employees | 2,113 | 1,340 |
| Sector | Technology | Technology |
| Industry | Software - Infrastructure | Software - Infrastructure |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- DBX has outperformed PAY by 15.6 percentage points over the past year.
- Paymentus trades at a higher earnings multiple (48.4x vs 18.9x trailing P/E).
- Dropbox is more profitable, keeping 20.2 cents of every revenue dollar as net income versus 5.6 cents for Paymentus.
- Paymentus grew revenue faster in its latest fiscal year (+37.25% vs -1.07%).
About Dropbox
DBX stock →Dropbox, Inc. provides a content collaboration platform in the United States and internationally.
Technology · Software - Infrastructure · 2,113 employees
About Paymentus
PAY stock →Paymentus Holdings, Inc. provides cloud-based bill payment technology and solutions in the United States and internationally.
Technology · Software - Infrastructure · 1,340 employees
DBX vs PAY FAQ
Which is bigger, Dropbox or Paymentus?
Dropbox (DBX) is larger, with a market capitalization of $7.42B compared with $4.02B for Paymentus (PAY).
Which stock has performed better over the past year, DBX or PAY?
DBX returned +15.49% over the past 12 months, compared with -0.09% for PAY (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, DBX or PAY?
DBX has the lower trailing P/E at 18.9, versus 48.4 for PAY. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Dropbox and Paymentus in the same industry?
Yes. Both are classified in the Software - Infrastructure industry within the Technology sector.