Q1 26 EPS
$0.90
BEAT +10.46%
Est. $0.81
Q1 26 Revenue
$763.7M
BEAT +1.97%
Est. $748.9M
vs S&P Since Q1 26
-65.4%
TRAILING MARKET
DOCU -41.7% vs S&P +23.7%
Market Reaction
Did DOCU Beat Earnings? Q1 2026 Results
DocuSign delivered a strong fiscal Q1 2026, beating on both the top and bottom lines even as a sharp post-earnings stock selloff signaled investor unease about the company's billings trajectory. Adjusted EPS of $0.90 topped the $0.81 consensus estima… Read more DocuSign delivered a strong fiscal Q1 2026, beating on both the top and bottom lines even as a sharp post-earnings stock selloff signaled investor unease about the company's billings trajectory. Adjusted EPS of $0.90 topped the $0.81 consensus estimate by 10.46%, while revenue climbed 7.6% year over year to $763.65 million, edging past the $748.92 million Wall Street had expected by 1.97%. The primary engine behind the quarter's profitability was meaningful operating leverage, with GAAP operating income more than doubling to $60.26 million and non-GAAP operating margin expanding to 29.5%. The real complexity, however, lay in billings, where a go-to-market transition tied to the company's Intelligent Agreement Management platform dampened early renewals and contributed to management trimming full-year billings guidance. Looking ahead, DocuSign projected Q2 revenue of $777 million to $781 million and full-year fiscal 2026 revenue of $3.15 billion to $3.16 billion, with non-GAAP operating margin guided between 27.8% and 28.8% for the year.
Key Takeaways
- • 8% year-over-year subscription revenue growth
- • Non-GAAP operating margin expansion to 29.5% from 28.5%
- • Surpassed 10,000 Intelligent Agreement Management customers
- • Absence of restructuring charges that were $29.1M in the year-ago quarter
DOCU YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
DOCU Revenue by Segment
With YoY comparisons, source: SEC Filings
“Q1 was an important quarter for Docusign's long-term transformation as we delivered on an ambitious product roadmap and surpassed 10,000 Intelligent Agreement Management customers.”
— Allan Thygesen, Q1 2026 Earnings Press Release
DOCU Earnings Trends
DOCU vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
DOCU EPS Trend
Earnings per share: estimate vs actual
DOCU Revenue Trend
Quarterly revenue: estimate vs actual
DOCU Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.95 | $1.01 | +6.36% | $836.9M | +1.04% |
| FY Full Year | $3.78 | $3.84 | +1.50% | $3.22B | +0.27% |
| Q3 26 BEAT | $0.92 | $1.01 | +10.30% | $818.4M | +1.35% |
| Q2 26 BEAT | $0.85 | $0.92 | +8.55% | $800.6M | +2.57% |
| Q1 26 BEAT | $0.81 | $0.90 | +10.46% | $763.7M | +1.97% |
| Q2 24 | $0.66 | — | — | — | — |