Docusign (DOCU) Operating Expenses (2017 - 2026)
Docusign (DOCU) reported Operating Expenses of $580.25 million for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 1.8% from $569.95 million a year earlier and up 6.0% from the prior quarter.
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Analysis
Docusign (DOCU) Operating Expenses (2017 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Docusign's Operating Expenses came in at $2.27 billion, up 2.7% year-over-year; for FY2026 (ended Jan 31, 2026), it came in at $2.26 billion, up 4.8% from FY2025.
- Operating Expenses has a five-year compound annual growth rate of 12.3% (FY2021 to FY2026).
- By fiscal year, Operating Expenses came in at $2.16 billion in FY2025 (-0.1%), $2.16 billion in FY2024 (+4.3%), $2.07 billion in FY2023 (+21.4%) and $1.7 billion in FY2022 (+34.8%).
- The fiscal Q2 2027 figure ranks as the highest quarterly Operating Expenses in data going back to fiscal Q1 2018.
- Year over year, Operating Expenses has now increased in each of the last eight quarters, with growth averaging 2.7% over the last eight quarters.
- The high point for year-over-year Operating Expenses in five years was fiscal Q4 2022 (growth of 34.0%); the low point was fiscal Q2 2025 (a decline of 2.4%).
- Per Business Quant data, the three fiscal quarters before Q2 2027 came in at $547.66 million (Q1 2027), $579.33 million (Q4 2026) and $562.45 million (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 726.59 Mn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 12.62 Bn |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | -8.41 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 6.37 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | 4.34 Bn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 3.88 Bn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | 8.41 Bn |
| 10 | Docusign | 12.60 Bn | 9.31 Bn | 697.87 Mn | 580.25 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 580.25 Mn |
| Apr 30, 2026 | 547.66 Mn |
| Jan 31, 2026 | 579.33 Mn |
| Oct 31, 2025 | 562.45 Mn |
| Jul 31, 2025 | 569.95 Mn |
| Apr 30, 2025 | 546.13 Mn |
| Jan 31, 2025 | 555.57 Mn |
| Oct 31, 2024 | 539.25 Mn |
| Jul 31, 2024 | 522.76 Mn |
| Apr 30, 2024 | 537.57 Mn |
| Jan 31, 2024 | 554.54 Mn |
| Oct 31, 2023 | 538.04 Mn |
| Jul 31, 2023 | 535.49 Mn |
| Apr 30, 2023 | 529.55 Mn |
| Jan 31, 2023 | 522.43 Mn |
| Oct 31, 2022 | 543.35 Mn |
| Jul 31, 2022 | 526.57 Mn |
| Apr 30, 2022 | 475.50 Mn |
| Jan 31, 2022 | 474.55 Mn |
| Oct 31, 2021 | 432.85 Mn |
API Access
Docusign Operating Expenses API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=operating-expenses&ticker=DOCU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "ticker": "DOCU", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=operating-expenses&ticker=DOCU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();