Docusign (DOCU) FCF Margin (2017 - 2026)
Docusign (DOCU) recorded quarterly FCF Margin of 34.86% in Q2 2026, down 35.65% quarter-over-quarter from 54.17% in Q1 2026, and up 503.0% year-on-year from 5.78% in Q2 2025.
Docusign (DOCU) FCF Margin (2017 - 2026) Analysis & Trends
Docusign has disclosed FCF Margin across 10 years of filings, most recently posting 34.86% for Q2 2026.
- For the quarter ending Q2 2026, FCF Margin rose 503.0% year-over-year to 34.86%; the trailing twelve-month figure through Apr 2026 stood at 37.23% (up 399.0% YoY), and the FY2026 full-year result was 36.08%, up 210.0% from the prior year.
- FCF Margin was 34.86% for Q2 2026 at Docusign, down from 54.17% in the prior quarter.
- Over five years, FCF Margin peaked at 54.17% in Q1 2026 and troughed at 9.4% in Q4 2022.
- The 5-year median for FCF Margin is 30.98% (2025), against an average of 30.2%.
- The sharpest annual moves came in 2022 and 2023: FCF Margin sank 1684 bps in 2022, then jumped 1889 bps in 2023.
- Year by year, FCF Margin stood at 9.4% in 2022, then soared by 201 bps to 28.29% in 2023, then fell by 1 bps to 27.92% in 2024, then rose by 15 bps to 32.13% in 2025, then gained by 9 bps to 34.86% in 2026.
- Per Business Quant data, the three most recent FCF Margin figures were 34.86% in Q2 2026, 54.17% in Q1 2026, and 32.13% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 36.77% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 17.31% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 15.02% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 58.89% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 20.82% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 41.64% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 36.83% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 31.84% |
| 10 | Docusign | 8.69 Bn | 7.88 Bn | 658.97 Mn | 34.86% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 34.86% |
| Jan 31, 2026 | 54.17% |
| Oct 31, 2025 | 32.13% |
| Jul 31, 2025 | 27.18% |
| Apr 30, 2025 | 29.83% |
| Jan 31, 2025 | 47.78% |
| Oct 31, 2024 | 27.92% |
| Jul 31, 2024 | 26.89% |
| Apr 30, 2024 | 32.70% |
| Jan 31, 2024 | 34.89% |
| Oct 31, 2023 | 28.29% |
| Jul 31, 2023 | 32.84% |
| Apr 30, 2023 | 32.44% |
| Jan 31, 2023 | 20.17% |
| Oct 31, 2022 | 9.40% |
| Jul 31, 2022 | 18.86% |
| Apr 30, 2022 | 32.43% |
| Jan 31, 2022 | 20.73% |
| Oct 31, 2021 | 12.65% |
| Jul 31, 2021 | 35.71% |