Docusign (DOCU) Operating Margin (2017 - 2026)
Docusign (DOCU) posted Operating Margin of 13.43% for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 5.28 percentage points from 8.15% a year earlier and up 0.02 percentage points from the prior quarter.
Docusign (DOCU) Operating Margin (2017 - 2026) Analysis & Trends
For the trailing twelve months through Jul 31, 2026, Operating Margin at Docusign was 11.96%, up 4.05 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was 9.27%, up 2.56 percentage points from FY2025.
- Annual Operating Margin has increased for three consecutive fiscal years, with a five-year change of +21.24 percentage points (FY2021 to FY2026).
- In prior fiscal years, Docusign's Operating Margin was 6.72% in FY2025 (+5.57 pp), 1.15% in FY2024 (+4.64 pp), -3.50% in FY2023 (-0.56 pp) and -2.94% in FY2022 (+9.03 pp).
- The fiscal Q2 2027 figure stands as the highest quarterly Operating Margin in data going back to fiscal Q1 2018.
- On a year-over-year basis, Operating Margin has increased in each of the last 15 quarters, with an average year-over-year change of +4.06 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was fiscal Q3 2022, with a gain of 12.04 percentage points; the weakest was fiscal Q3 2023, with a drop of 3.63 percentage points.
- According to Business Quant data, Operating Margin for the three prior fiscal quarters was 13.41% (Q1 2027), 10.48% (Q4 2026) and 10.43% (Q3 2026).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn | 47.12% |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - | 34.78% |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn | 26.76% |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn | 20.55% |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn | 4.06% |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn | -33.33% |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn | 10.91% |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn | -6,808.11% |
| 10 | Docusign | 12.60 Bn | 9.31 Bn | 697.87 Mn | 13.43% |
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% |
Docusign Operating Margin 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-margin&ticker=DOCU&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=DOCU&period=max&api_key=YOUR_API_KEY");
const data = await res.json();