Docusign (DOCU) Operating Margin (2017 - 2026)
Docusign (DOCU) reported Operating Margin of 10.48% for Q1 2026, up 269.0% year-over-year from 2.84% in Q1 2025, and up 0.52% on a QoQ basis from 10.43% in Q4 2025.
Docusign (DOCU) has 10 years of Operating Margin data on file, last reported at 10.48% in Q1 2026.
- Quarterly Operating Margin rose 269.0% year-over-year to 10.48% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 9.27% (up 256.0% YoY) and the FY2026 annual result came in at 9.27%, up 256.0% from the prior year.
- Operating Margin improved to 10.48% in Q1 2026 per DOCU's latest filing, from 10.43% in the prior quarter.
- Across five years, Operating Margin topped out at 10.48% in Q1 2026 and bottomed at 6.6% in Q3 2022.
- The 5-year median for Operating Margin is 2.82% (2023), against an average of 2.92%.
- The widest annual swing landed in 2022, when Operating Margin sank 363 bps; it then surged 757 bps in 2023.
- Tracing DOCU's Operating Margin over 5 years: stood at 4.25% in 2022, then soared by 166 bps to 2.82% in 2023, then jumped by 178 bps to 7.82% in 2024, then jumped by 33 bps to 10.43% in 2025, then rose by 1 bps to 10.48% in 2026.
- Per Business Quant, the three latest DOCU Operating Margin figures stand at 10.48% (Q1 2026), 10.43% (Q4 2025), and 8.15% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 28.69% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 16.69% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 12.05% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 13.34% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 29.26% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 37.79% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | -22.99% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 46.97% |
| 10 | Docusign | 10.01 Bn | 9.14 Bn | 667.08 Mn | 10.48% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 10.48% |
| Oct 31, 2025 | 10.43% |
| Jul 31, 2025 | 8.15% |
| Apr 30, 2025 | 7.89% |
| Jan 31, 2025 | 7.79% |
| Oct 31, 2024 | 7.82% |
| Jul 31, 2024 | 7.85% |
| Apr 30, 2024 | 3.19% |
| Jan 31, 2024 | 1.39% |
| Oct 31, 2023 | 2.82% |
| Jul 31, 2023 | 0.96% |
| Apr 30, 2023 | -0.70% |
| Jan 31, 2023 | -0.04% |
| Oct 31, 2022 | -4.25% |
| Jul 31, 2022 | -6.60% |
| Apr 30, 2022 | -3.27% |
| Jan 31, 2022 | -4.33% |
| Oct 31, 2021 | -0.62% |
| Jul 31, 2021 | -4.42% |
| Apr 30, 2021 | -2.29% |
| Jan 31, 2021 | -5.78% |
| Oct 31, 2020 | -12.66% |
| Jul 31, 2020 | -17.13% |
| Apr 30, 2020 | -14.09% |
| Jan 31, 2020 | -15.41% |
| Oct 31, 2019 | -17.63% |
| Jul 31, 2019 | -27.47% |
| Apr 30, 2019 | -19.83% |
| Jan 31, 2019 | -31.36% |
| Oct 31, 2018 | -32.75% |
| Jul 31, 2018 | -22.58% |
| Apr 30, 2018 | -171.72% |
| Jan 31, 2018 | -4.21% |
| Oct 31, 2017 | -9.45% |
| Jul 31, 2017 | -10.98% |
| Apr 30, 2017 | -16.97% |