Docusign (DOCU) Net Margin (2017 - 2026)
Docusign (DOCU) posted quarterly Net Margin of 9.41% for Q2 2026, down 3.0% year-over-year from 9.7% in Q2 2025, and down 12.8% quarter-over-quarter from 10.8% in Q1 2026.
Docusign (DOCU) Net Margin (2017 - 2026) Analysis & Trends
Docusign (DOCU) has reported Net Margin for 10 consecutive years, with 9.41% the latest figure, recorded in Q2 2026.
- In Q2 2026, Net Margin fell 3.0% year-over-year to 9.41%; the TTM figure through Apr 2026 stood at 9.59% (down 2691.0% YoY), while the FY2026 annual figure was 9.6%, down 2627.0% from the prior year.
- Net Margin eased to 9.41% in Q2 2026 per DOCU's latest filing, from 10.8% in the prior quarter.
- Across five years, Net Margin topped out at 120.68% in Q3 2024 and bottomed at 7.25% in Q3 2022.
- Historically, Net Margin has averaged 10.09% across 5 years, with a median of 5.15% in 2023.
- Annual changes were most pronounced in 2024 — Net Margin soared 11960 bps — and 2025, when it plunged 11281 bps.
- Docusign's Net Margin stood at 4.63% in 2022, then jumped by 220 bps to 5.54% in 2023, then surged by 49 bps to 8.27% in 2024, then grew by 24 bps to 10.23% in 2025, then slipped by 8 bps to 9.41% in 2026.
- Business Quant data shows DOCU's Net Margin at 9.41% in Q2 2026, 10.8% in Q1 2026, and 10.23% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 21.16% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 41.92% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 18.93% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 17.17% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 7.47% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | -21.25% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 17.88% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 25.87% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 35.80% |
| 10 | Docusign | 11.98 Bn | 11.16 Bn | 658.97 Mn | 9.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Apr 30, 2026 | 9.41% |
| Jan 31, 2026 | 10.80% |
| Oct 31, 2025 | 10.23% |
| Jul 31, 2025 | 7.86% |
| Apr 30, 2025 | 9.44% |
| Jan 31, 2025 | 10.76% |
| Oct 31, 2024 | 8.27% |
| Jul 31, 2024 | 120.68% |
| Apr 30, 2024 | 4.76% |
| Jan 31, 2024 | 3.82% |
| Oct 31, 2023 | 5.54% |
| Jul 31, 2023 | 1.08% |
| Apr 30, 2023 | 0.08% |
| Jan 31, 2023 | 0.74% |
| Oct 31, 2022 | -4.63% |
| Jul 31, 2022 | -7.25% |
| Apr 30, 2022 | -4.65% |
| Jan 31, 2022 | -5.25% |
| Oct 31, 2021 | -1.04% |
| Jul 31, 2021 | -4.98% |