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DocuSign DOCU Gross margin

Gross margin at other companies

Adobe logo
AdobeADBE
89.4%+0.2pp
Salesforce logo
SalesforceCRM
77.6%+0.3pp
Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
64.3%-0.9pp
HubSpot logo
HubSpotHUBS
83.7%-1.2pp

Other financials

Income statement

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Revenue$830.2M+8.7%
Gross profit$659.0M+8.7%
Operating income$111.3M+84.7%
Net income$78.2M+8.5%
EPS (diluted)$0.40+17.6%

Balance sheet

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Cash & equivalents$281.4M-27.3%
Total debt$183.3M+37.9%
Total equity$1.8B-9.7%
Total assets$4.0B+0.9%

Cash flow

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Operating cash flow$321.7M+27.9%
CapEx$32.3M+36.5%
Free cash flow$289.4M+27.0%

Valuation

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Market cap$8.3B-46.0%
Enterprise value$8.2B-45.7%
P/E26.3×+12.4×
P/S2.5×-2.5×

Profitability

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Operating margin10.6%+2.8pp
Net margin9.6%-26.9pp
FCF margin34.1%+3.9pp

Returns & leverage

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Return on equity16.4%-53.8pp
Debt / equity0.1×0.0×
Current ratio0.7×-0.1×

Where this comes from

Calculated from DocuSign’s reported figures.

Based on trailing twelve months.

The official record: DocuSign’s 10-Q, filed June 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is DocuSign's gross margin?
DocuSign (DOCU) reported gross margin of 79.4% in Q1 2026.
How has DocuSign's gross margin changed year-over-year?
DocuSign's gross margin increased by 0.2% year-over-year, from 79.2% to 79.4%.
What is the long-term trend for DocuSign's gross margin?
Over 5 years (2021 to 2026), DocuSign's gross margin has grown at a 1.2% compound annual growth rate (CAGR), from 74.9% to 79.4%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.