DocuSign (DOCU) Q2 2026 Earnings
How Did DOCU Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +3.38%.
Did DOCU Beat Earnings? Q2 2026 Results
Yes. DocuSign reported Q2 2026 earnings of $0.92 a share on Sep 4, 2025, beating the $0.85 consensus estimate by 8.6%. Revenue was $800.6M against a $780.6M estimate.
DocuSign delivered a strong fiscal Q2 2026, beating Wall Street on both the top and bottom lines as its transformation into a broader agreement management platform gained visible traction. The company posted revenue of $800.64 million, up 8.8% year over year and ahead of the $780.59 million consensus estimate, while non-GAAP diluted EPS of $0.92 cleared the $0.85 estimate by 8.55%, reflecting disciplined execution across its eSignature, CLM, and Intelligent Agreement Management businesses. The quarter's most material driver was accelerating demand for AI-powered IAM capabilities, including new tools for automated template building, custom data extraction, and no-code workflow automation, which CEO Allan Thygesen credited as central to what he called "an outstanding quarter." Billings climbed 13% year over year to $818.03 million, underscoring healthy renewal momentum. Looking ahead, DocuSign guided Q3 revenue of $804 million to $808 million and raised its full-year outlook to $3.19 billion to $3.20 billion, projecting roughly 7% annual growth as investment in its platform continues.
- AI innovation launches across the IAM platform
- Go-to-market changes leading to strong performance across eSignature, CLM, and IAM businesses
- 9% year-over-year subscription revenue growth
- 13% year-over-year billings growth
- Free cash flow increased to $217.6M from $197.9M year-over-year
“Q2 was an outstanding quarter, with AI innovation launches and recent go-to-market changes leading to strong performance across the eSignature, CLM, and IAM businesses.”
DocuSign CEO, on the earnings call
What Was DocuSign's Outlook in Q2 2026?
For Q3 FY2026 (quarter ending October 31, 2025), Docusign guided total revenue of $804M–$808M (7% YoY midpoint growth), subscription revenue of $786M–$790M (7% YoY), billings of $785M–$795M (5% YoY), non-GAAP gross margin of 80.3%–81.3%, and non-GAAP operating margin of 28.0%–29.0%. For the full fiscal year ending January 31, 2026, the company guided total revenue of $3,189M–$3,201M (7% YoY), subscription revenue of $3,121M–$3,133M (8% YoY), billings of $3,325M–$3,355M (7% YoY), non-GAAP gross margin of 81.0%–82.0%, and non-GAAP operating margin of 28.6%–29.6%. FX impact is expected to be approximately neutral on revenue for both the quarter and full year.
DOCU YoY Financials
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $800.6M | $736.0M | +8.8% |
| Gross Profit | $635.2M | $580.5M | +9.4% |
| Operating Income | $65.2M | $57.8M | +12.9% |
| Net Income | $63.0M | $888.2M | −92.9% |
DOCU Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.