Docusign (DOCU) Operating Margin (2017 - 2026)
Docusign's (DOCU) quarterly Operating Margin came in at 13.43% in Q3 2026, up 528.0% year-over-year from 2.14% in Q3 2025, and little changed quarter-over-quarter from 13.41% in Q2 2026.
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Docusign (DOCU) Operating Margin (2017 - 2026) Analysis & Trends
Docusign (DOCU) has reported Operating Margin for 10 consecutive years, with 13.43% the latest figure, recorded in Q3 2026.
- On a quarterly basis, Operating Margin rose 528.0% year-over-year to 13.43% in Q3 2026; TTM through Jul 2026 was 11.96%, a 405.0% increase from a year earlier, with the FY2026 full-year figure at 9.27%, up 256.0% from the prior year.
- Operating Margin was 13.43% for Q3 2026 at Docusign, roughly flat from 13.41% in the prior quarter.
- Over five years, Operating Margin peaked at 13.43% in Q3 2026 and troughed at 6.6% in Q3 2022.
- A 5-year average of 4.02% and a median of 3.19% in 2024 frame the typical range for Operating Margin.
- Across the five-year window, Operating Margin plunged 363 bps in 2022 and soared 757 bps in 2023, its largest moves.
- Over 5 years, Operating Margin stood at 4.25% in 2022, then jumped by 166 bps to 2.82% in 2023, then surged by 178 bps to 7.82% in 2024, then surged by 33 bps to 10.43% in 2025, then increased by 29 bps to 13.43% in 2026.
- The last three Operating Margin figures came in at 13.43% (Q3 2026), 13.41% (Q2 2026), and 10.48% (Q1 2026), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Thomson Reuters | 46.10 Bn | 45.06 Bn | - | 28.56% |
| 2 | Docusign | 12.87 Bn | 12.10 Bn | 697.87 Mn | 13.43% |
| 3 | Workiva | 4.15 Bn | 3.33 Bn | 205.27 Mn | 4.57% |
| 4 | Vertex | 2.22 Bn | 1.99 Bn | 131.30 Mn | -2.18% |
| 5 | Clarivate | 1.33 Bn | 1.11 Bn | 401.80 Mn | -34.09% |
| 6 | Donnelley Financial Solutions | 1.26 Bn | 1.23 Bn | 148.00 Mn | 24.98% |
| 7 | Legalzoom.Com | 1.03 Bn | 859.25 Mn | 139.93 Mn | 5.19% |
| 8 | Telos | 358.74 Mn | 308.09 Mn | 16.69 Mn | 0.65% |
| 9 | CS Disco | 276.29 Mn | 174.90 Mn | 32.11 Mn | -21.36% |
| 10 | Audioeye | 95.59 Mn | 86.87 Mn | 8.45 Mn | -5.58% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 13.43% |
| Apr 30, 2026 | 13.41% |
| 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% |