Zacks Investment Research·1 day ago
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DocuSign, Inc.(DOCU)Earnings, Financials & Key Ratios
DOCU•NASDAQ
$47.23
31.9× P/E·Price updated Jul 7, 2026
AboutDocuSign, Inc. provides electronic signature software in the United States and internationally. The company provides e-signature solution that enables businesses to digitally prepare, sign, act on, and manage agreements. It also offers CLM, which automates workflows across the entire agreement process; Insights that use artificial intelligence (AI) to search and analyze agreements by legal concepts and clauses; Gen for Salesforce, which allows sales representatives to automatically generate agreements with a few clicks from within Salesforce; Negotiate for Salesforce that supports for approvals, document comparisons, and version control; Analyzer, which helps customers understand what they're signing before they sign it; and CLM+ that provide AI-driven contract lifecycle management. The company provides Guided Forms, which enable complex forms to be filled via an interactive and step-by-step process; Click that supports no-signature-required agreements for standard terms and consents; Identify, a signer-identification option for checking government-issued IDs; Standards-Based Signatures, which support signatures that involve digital certificates; Payments that enables customers to collect signatures and payment; Remote Online Notary is a solution using audio-visual and identify verification technologies to enable notarization; and Monitor using advanced analytics to track DocuSign eSignature web, mobile, and API account. It offers industry-specific cloud offerings, including Rooms for Real Estate that provides a way for brokers and agents to manage the entire real estate transaction digitally; Rooms for Mortgage, which offers digital workspace to create and close mortgages; FedRAMP, an authorized version of DocuSign eSignature for U.S. federal government agencies; and life sciences modules that support compliance with the electronic signature practices. The company sells its products through direct, partner-assisted, and Web-based sales. It serves enterprise, commercial, and small businesses. The company was incorporated in 2003 and is headquartered in San Francisco, California.Show more
- Revenue$3.22B+8.2%
- EBITDA$525M+70.7%
- Net Income$309M-71.1%
- EPS (Diluted)1.48-70.9%
- Gross Margin79.4%+0.4%
- EBITDA Margin16.31%+57.8%
- Operating Margin9.27%+38.1%
- Net Margin9.6%-73.2%
- ROE15.77%-76.9%
DOCU Price & Volume
DocuSign, Inc. (DOCU) stock price & volume — 10-year historical chart
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Operational Leverage Offsets Mature Revenue Growth Trends
Investment Thesis • Updated 2027Q1
VerdictNeutral
Growth:Stable
Profitability:Moderate
Financial:Healthy
Cash Flow:Robust
Primary Risk:Enterprise seat-count rationalization
Key Thesis Takeaways
- DocuSign has successfully transitioned into a mature enterprise software provider, evidenced by stable high single-digit revenue growth and significant operating margin expansion from 1.4% in 2024Q4 to 13.4% in 2027Q1.
- While the company demonstrates robust cash-generating capabilities, investors should monitor the persistent reliance on stock-based compensation, which reached $141.4 million in 2027Q1 and continues to obscure GAAP profitability.
- Future performance will likely depend on management's ability to balance aggressive share repurchases, such as the $317.5 million buyback in 2027Q1, against the potential risks of a tightening current ratio, which has compressed to 0.66.
Verdict Logic
while the stock trades at a compelling forward P/E of 11.94, the ongoing dilution from $141.4 million in quarterly stock-based compensation warrants a cautious approach.
DOCU Growth Metrics
DocuSign, Inc. (DOCU) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years29.09%
5 Years17.25%
3 Years8.57%
TTM8.42%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-71.51%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-70.89%
Return on Capital
10 Years-14.71%
5 Years2.81%
3 Years9.37%
Last Year13.66%
DOCU Recent Earnings
DocuSign, Inc. (DOCU) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 12/12 qtrs (100%)
Q3 2026Latest
Jun 4, 2026Metric
Actual
Est
EPS
$1.09+9.7%
$0.99
Rev
$830M+0.7%
$825M
Q2 2026
Mar 17, 2026Metric
Actual
Est
EPS
$1.01+6.3%
$0.95
Rev
$837M+1.2%
$827M
Q4 2025
Dec 4, 2025Metric
Actual
Est
EPS
$1.01+10.3%
$0.92
Rev
$818M+1.5%
$806M
Q4 2025
Sep 4, 2025Metric
Actual
Est
EPS
$0.92+8.6%
$0.85
Rev
$801M+2.6%
$780M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q3 2026Latest | Jun 4, 2026 | $1.09vs $0.99+9.7% | $830Mvs $825M+0.7% |
| Q2 2026 | Mar 17, 2026 | $1.01vs $0.95+6.3% | $837Mvs $827M+1.2% |
| Q4 2025 | Dec 4, 2025 | $1.01vs $0.92+10.3% | $818Mvs $806M+1.5% |
| Q4 2025 | Sep 4, 2025 | $0.92vs $0.85+8.6% | $801Mvs $780M+2.6% |
Based on last 12 quarters of dataView full earnings history →
Latest DOCU News
Recent stock market news and headlines for DocuSign, Inc. (DOCU)
Zacks Investment Research·6 days ago
Why DocuSign (DOCU) is a Top Value Stock for the Long-TermThe Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.
Seeking Alpha·Jun 29, 2026
Docusign: Efficiency Moves Are Bolstering ProfitabilityDocusign has suffered an 85% decline from COVID-era highs, with further 2026 losses amid SaaS sector weakness. I see DOCU as an undervalued utility-like enterprise provider, trading at bargain-basement multiples despite stable, if unexciting, growth. Recent Q1 results showed slight revenue growth improvement and a raised full-year outlook, yet DOCU missed the broader market rally.
GuruFocus·Jun 25, 2026
Docusign Inc (DOCU) Shares Fall 4.0% -- What GF Score of 66 Tells InvestorsOn June 25, 2026, Docusign Inc (DOCU) shares fell 4.0% to a current price of $42.46. This decline comes amid a challenging year for the company, with its stock
Zacks Investment Research·Jun 25, 2026
Here is What to Know Beyond Why Docusign Inc. (DOCU) is a Trending StockDocuSign (DOCU) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Peers Comparison
Key metrics vs top competitors for DocuSign, Inc. (DOCU)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $47.23 | $9.02B | 31.91 | 8.16% | 9.6% | 15.77% | — | |
| $28.85 | $7.34B | 15.51 | -1.07% | 18.71% | — | — | |
| $28.85 | $4B | 48.90 | 7.99% | 9.18% | 150.65% | — | |
| $7.49 | $1.78B | -9.36 | 9.25% | -20.21% | -92.84% | — | |
| $51.63 | $2.06B | -3167.48 | 22.04% | 3.1% | 2.68% | — | |
| $221.54 | $88.06B | 13.27 | 10.53% | 28.69% | 62.39% | — |
Compare DOCU vs Peers
DocuSign, Inc. (DOCU) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
DOCU SEC Filings & Documents
DocuSign, Inc. (DOCU) SEC filings — annual & quarterly reports (10-K, 10-Q)
8-K Announcements
6Material company update
Jun 4, 2026·SEC
Material company update
Jun 3, 2026·SEC
Material company update
May 6, 2026·SEC
10-K Annual Reports
210-Q Quarterly Reports
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DOCU Frequently Asked Questions
DocuSign, Inc. (DOCU) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
What is DocuSign, Inc.'s revenue?
DocuSign, Inc. (DOCU) reported $3.29B in revenue for fiscal year 2026. This represents a 1212% increase from $250.5M in 2016.
How fast is DocuSign, Inc. growing?
DocuSign, Inc. (DOCU) grew revenue by 8.2% over the past year. This is steady growth.
Is DOCU profitable?
Yes, DocuSign, Inc. (DOCU) is profitable, generating $315.2M in net income for fiscal year 2026 (9.6% net margin).
Dividend & Returns
What is DOCU's return on equity?
DocuSign, Inc. (DOCU) has a return on equity (ROE) of 15.8%. This is reasonable for most industries.
What is DocuSign, Inc.'s free cash flow?
DocuSign, Inc. (DOCU) generated $1.12B in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.