Filing Flows › DocuSign (DOCU) › Q1 FY27 › vs Q1 FY26
DocuSign (DOCU) Q1 FY27 vs Q1 FY26 (year over year)
DocuSign's revenue rose $66.6M (+9%) from $764M in Q1 FY26 to $830M in Q1 FY27. The biggest changes: Subscription and Circulation +$65.0M (+9%); Professional Services and Other +$1.6M (+9%). Gross margin 79.4% against 79.4% (-0.0 pts).
DocuSign, Q1 FY27: revenue $830M (+9% year over year), operating margin 13.4%, net earnings $78.2M, operating cash flow $322M. The chart draws each line against Q1 FY26, the increases inside each band.
Margins
| Q1 FY27 | Q1 FY26 | Change | |
|---|---|---|---|
| Gross margin | 79.4% | 79.4% | -0.0 pts |
| Operating margin | 13.4% | 7.9% | +5.5 pts |
| Net margin | 9.4% | 9.4% | -0.0 pts |
| Free cash flow margin | 34.9% | 29.8% | +5.0 pts |
Every line
| Line | Q1 FY27 | Q1 FY26 | Change | % |
|---|---|---|---|---|
| Subscription and Circulation | $811M | $746M | $65.0M | +9% |
| Professional Services and Other | $19.0M | $17.5M | $1.6M | +9% |
| Revenue | $830M | $764M | $66.6M | +9% |
| Gross profit | $659M | $606M | $52.6M | +9% |
| Cost of revenue | $171M | $157M | $14.0M | +9% |
| Other income, net | $6.4M | $13.5M | −$7.1M | -52% |
| Operating profit | $111M | $60.3M | $51.1M | +85% |
| Operating expenses | $548M | $546M | $1.5M | +0.3% |
| Pre-tax earnings | $118M | $73.8M | $44.0M | +60% |
| Research & development | $160M | $159M | $139K | +0.1% |
| Sales & marketing | $296M | $296M | −$238K | -0.1% |
| General & admin | $91.9M | $90.3M | $1.6M | +2% |
| Net earnings | $78.2M | $72.1M | $6.1M | +8% |
| Income tax | $39.6M | $1.7M | $37.9M | 23× |
| Depreciation & amortization | $32.2M | $30.4M | $1.8M | +6% |
| Share-based compensation | $141M | $146M | −$4.2M | -3% |
| Working capital & other | $69.9M | $3.4M | $66.5M | 21× |
| Operating cash flow | $322M | $251M | $70.2M | +28% |
| Free cash flow (OCF − capex) | $289M | $228M | $61.6M | +27% |
| Capital expenditures | $32.3M | $23.6M | $8.6M | +37% |
Questions
How much did DocuSign's revenue grow year over year in Q1 FY27?
DocuSign's revenue rose $66.6M (+9%) from $764M in Q1 FY26 to $830M in Q1 FY27.
What drove DocuSign's revenue change in Q1 FY27?
Subscription and Circulation +$65.0M (+9%); Professional Services and Other +$1.6M (+9%).