This paper considers KLM-style preferential non-monotonic reasoning in the setting of propositional team semantics. We show that team-based propositional logics naturally give rise to cumulative non-monotonic entailment relations. Motivated by the non-classical interpretation of disjunction in team semantics, we give a precise characterization for preferential models for propositional dependence logic satisfying all of System P postulates. Furthermore, we show how classical entailment and dependence logic entailment can be expressed in terms of non-trivial preferential models.