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DocuSign DOCU Operating margin

Operating margin at other companies

Adobe logo
AdobeADBE
36.1%-0.3pp
Salesforce logo
SalesforceCRM
20.4%+1.1pp
Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
23.4%+3.1pp
Oracle logo
OracleORCL
30.6%-0.4pp
HubSpot logo
HubSpotHUBS
1.9%+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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Gross margin79.4%+0.2pp
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 operating margin?
DocuSign (DOCU) reported operating margin of 10.6% in Q1 2026.
How has DocuSign's operating margin changed year-over-year?
DocuSign's operating margin increased by 35.7% year-over-year, from 7.8% to 10.6%.
What is the long-term trend for DocuSign's operating margin?
Over 5 years (2021 to 2026), DocuSign's operating margin has grown at a -5.0% compound annual growth rate (CAGR), from -12% to 9.3%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.