Docusign (DOCU) FCF Margin (2017 - 2026)
Docusign (DOCU) posted quarterly FCF Margin of 39.03% for Q2 2026, up 599.0% year-over-year from 5.58% in Q2 2025, and down 12.73% quarter-over-quarter from 44.72% in Q1 2026.
Docusign (DOCU) FCF Margin (2017 - 2026) Analysis & Trends
Docusign (DOCU) has reported FCF Margin for 10 consecutive years, with 39.03% the latest figure, recorded in Q2 2026.
- In Q2 2026, FCF Margin rose 599.0% year-over-year to 39.03%; the TTM figure through Apr 2026 stood at 37.53% (up 484.0% YoY), while the FY2026 annual figure was 36.08%, up 265.0% from the prior year.
- FCF Margin declined to 39.03% in Q2 2026 per DOCU's latest filing, from 44.72% in the prior quarter.
- Across five years, FCF Margin topped out at 45.68% in Q1 2025 and bottomed at 9.12% in Q1 2023.
- Historically, FCF Margin has averaged 30.33% across 5 years, with a median of 31.45% in 2023.
- On a YoY basis, FCF Margin climbed as much as 2868 bps in 2024 and fell as far as 1297 bps in 2024.
- Docusign's FCF Margin stood at 9.4% in 2022, then jumped by 293 bps to 36.92% in 2023, then sank by 35 bps to 23.94% in 2024, then jumped by 75 bps to 41.79% in 2025, then dropped by 7 bps to 39.03% in 2026.
- Business Quant data shows DOCU's FCF Margin at 39.03% in Q2 2026, 44.72% in Q1 2026, and 41.79% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 36.13% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 18.25% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 58.89% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 19.67% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 11.86% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 16.73% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 24.76% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 31.84% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 61.18% |
| 10 | Docusign | 11.98 Bn | 11.16 Bn | 658.97 Mn | 39.03% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 39.03% |
| Jan 31, 2026 | 44.72% |
| Oct 31, 2025 | 41.79% |
| Jul 31, 2025 | 24.13% |
| Apr 30, 2025 | 33.04% |
| Jan 31, 2025 | 45.68% |
| Oct 31, 2024 | 23.94% |
| Jul 31, 2024 | 27.61% |
| Apr 30, 2024 | 36.18% |
| Jan 31, 2024 | 37.80% |
| Oct 31, 2023 | 36.92% |
| Jul 31, 2023 | 29.86% |
| Apr 30, 2023 | 34.91% |
| Jan 31, 2023 | 9.12% |
| Oct 31, 2022 | 9.40% |
| Jul 31, 2022 | 21.49% |
| Apr 30, 2022 | 29.66% |
| Jan 31, 2022 | 20.70% |
| Oct 31, 2021 | 12.65% |
| Jul 31, 2021 | 33.87% |