Docusign (DOCU) Operating Margin (2017 - 2026)
Docusign's (DOCU) quarterly Operating Margin came in at 13.41% in Q2 2026, up 552.0% year-on-year from 2.06% in Q2 2025, and up 27.87% on a QoQ basis from 10.48% in Q1 2026.
Docusign (DOCU) Operating Margin (2017 - 2026) Analysis & Trends
Docusign (DOCU) has 10 years of Operating Margin data on file, last reported at 13.41% in Q2 2026.
- On a quarterly basis, Operating Margin rose 552.0% year-over-year to 13.41% in Q2 2026; TTM through Apr 2026 was 10.64%, a 280.0% increase from a year earlier, with the FY2026 full-year figure at 9.27%, up 256.0% from the prior year.
- Operating Margin for Q2 2026 stood at 13.41%, up from 10.48% in the prior quarter.
- Over the last five years, Operating Margin for DOCU reached as high as 13.41% in Q2 2026 and fell as low as 6.6% in Q3 2022.
- Historically, Operating Margin has averaged 3.5% across 5 years, with a median of 3.0% in 2023.
- Across the five-year window, Operating Margin sank 363 bps in 2022 and surged 757 bps in 2023, its largest moves.
- Year by year, Operating Margin stood at 4.25% in 2022, then surged by 166 bps to 2.82% in 2023, then soared by 178 bps to 7.82% in 2024, then soared by 33 bps to 10.43% in 2025, then gained by 29 bps to 13.41% in 2026.
- Per Business Quant data, the three most recent Operating Margin figures were 13.41% in Q2 2026, 10.48% in Q1 2026, and 10.43% in Q4 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 12.05% |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 14.56% |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 21.08% |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 4.06% |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | -22.99% |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | -23.45% |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 29.26% |
| 10 | Docusign | 9.20 Bn | 8.38 Bn | 658.97 Mn | 13.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Jul 31, 2021 | -4.42% |