Companies

DocuSign Inc

NASDAQ: DOCU
$65.39
▲ $0.75 (+1.16%) today
Markets closed · 7:42pm ET

Q2 2026 Earnings

Reported Sep 4, 2025, 4:07pm ET · SEC source
$0.92
Beat +8.55%
EPS · est. $0.85
$800.6M
Beat +2.57%
Revenue · est. $780.6M
−15.8%
Trailing market
DOCU vs S&P since report
4 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0Sep 4Sep 5report 4:07pm ETearnings−0.5%−4.8%
−8%−4%0Sep 4Sep 5earnings−0.5%−4.8%
DOCU −4.8%S&P 500 −0.5%
−8%−4%0Sep 4Sep 5report 4:07pm ETearnings−0.1%−4.8%
−8%−4%0Sep 4Sep 5earnings−0.1%−4.8%
DOCU −4.8%NASDAQ −0.1%
−9%−6%−3%0Sep 3Sep 12report 4:07pm ETearnings+1.3%−1.8%
−9%−6%−3%0Sep 3Sep 12earnings+1.3%−1.8%
DOCU −1.8%S&P 500 +1.3%
−8%−4%0Sep 3Sep 12report 4:07pm ETearnings+1.9%−1.8%
−8%−4%0Sep 3Sep 12earnings+1.9%−1.8%
DOCU −1.8%NASDAQ +1.9%
+4.75%
Day of report
+2.34%
Next session
+0.41%
One week
−12.42%
30 days

S&P 500 over the same 30 days: +3.38%.

Did DOCU Beat Earnings? Q2 2026 Results

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.

Key Takeaways
  • 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

Forward Guidance & Outlook

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

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$300.0M$600.0M$900.0M$736.0M$800.6MRevenue$580.5M$635.2MGross Profit$57.8M$65.2MOperating Income$888.2M$63.0MNet Income
$0$300.0M$600.0M$900.0MRevenueGross ProfitOperating IncomeNet Income

DOCU Revenue by Segment

Subscription$784.4M+9.0%
Professional Services and Other$16.2M−13.0%
Professional Services

Figures from SEC filings and company reports. Not investment advice.