What are DocuSign's profit margins?

DocuSign (DOCU) runs a 79.4% gross margin and a 10.6% operating margin, with a 9.6% net margin.

Where do DocuSign's ratios come from?

Every ratio is computed from DocuSign's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

DocuSign DOCU Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '27	Q4 '26	Q3 '26	Q2 '26	Q1 '26
Profitability
Gross margin	79.4%0.0pp	79.4%+0.1pp	79.3%0.0pp	79.3%+0.1pp	79.2%+0.1pp
Operating margin	10.6%+1.4pp	9.3%+0.7pp	8.6%+0.7pp	7.9%+0.1pp	7.8%+1.1pp
Net margin	9.6%0.0pp	9.6%0.0pp	9.6%+0.5pp	9.1%-27.4pp	36.5%+0.6pp
EBITDA margin	14.2%+1.3pp	12.9%+0.5pp	12.3%+0.7pp	11.6%+0.1pp	11.6%+1.3pp
Free cash flow margin	34.1%+1.2pp	32.9%+1.6pp	31.3%+1.0pp	30.2%0.0pp	30.2%-0.7pp
Returns
Return on equity	16.4%+0.7pp	15.8%+0.5pp	15.2%+1.0pp	14.2%-56.0pp	70.2%+2.0pp
Return on assets	7.9%+0.4pp	7.5%-0.3pp	7.8%+0.5pp	7.3%-24.9pp	32.2%+1.6pp
Return on invested capital	16.2%+0.6pp	15.6%+0.4pp	15.2%+1.2pp	13.9%-4.5pp	18.4%+2.3pp
Efficiency
Asset turnover	0.8×0.0×	0.8×0.0×	0.8×0.0×	0.8×-0.1×	0.9×0.0×
Liquidity
Current ratio	0.7×-0.1×	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.8×0.0×
Quick ratio	0.7×-0.1×	0.7×0.0×	0.7×0.0×	0.7×0.0×	0.8×0.0×
Cash ratio	0.1×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×	0.2×0.0×
Leverage
Debt-to-equity	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×	0.1×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-0.2×+0.2×	-0.4×0.0×	-0.4×+0.1×	-0.5×+0.2×	-0.7×+0.4×
Interest coverage	133.5×+16.2×	117.3×+2.3×	115×+2.0×	113×-13.1×	126.1×-2.9×
Per Share
Book value per share	$9.26+1.0%	$9.17-3.7%	$9.52+1.1%	$9.42-0.5%	$9.47-0.6%
Valuation
Market capitalization	$8.94B-15.1%	$10.52B-28.5%	$14.71B-3.8%	$15.28B-7.6%	$16.54B-15.4%
Enterprise value	$8.84B-14.6%	$10.35B-28.8%	$14.53B-3.7%	$15.09B-7.3%	$16.28B-15.2%
Price / earnings	28.3×-5.7×	34×-14.6×	48.7×-5.7×	54.4×+39.4×	15×-3.3×
Price / sales	2.7×-0.5×	3.3×-1.4×	4.7×-0.3×	4.9×-0.5×	5.5×-1.1×
Price / book	4.9×-0.6×	5.5×-1.9×	7.4×-0.3×	7.7×-0.5×	8.2×-1.5×
EV / EBITDA	18.9×-6.1×	25×-12.3×	37.3×-4.6×	41.9×-4.5×	46.4×-16.0×
EV / sales	2.7×-0.5×	3.2×-1.4×	4.6×-0.3×	4.9×-0.5×	5.4×-1.1×
Free cash flow yield	12.5%+2.5pp	10.1%+3.3pp	6.7%+0.6pp	6.1%+0.6pp	5.5%+0.8pp
Earnings yield	3.5%+0.6pp	2.9%+0.9pp	2.1%+0.2pp	1.8%-4.9pp	6.7%+1.2pp

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Questions, answered.

What are DocuSign's profit margins?: DocuSign (DOCU) runs a 79.4% gross margin and a 10.6% operating margin, with a 9.6% net margin.
Where do DocuSign's ratios come from?: Every ratio is computed from DocuSign's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.