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DocuSign (DOCU) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Jun 5, 2026
DocuSign (DOCU) reported revenue of $830M for the first quarter fiscal 2027 (Q1 FY27), +9% from a year earlier and -0.8% from the quarter before. Operating margin was 13.4%, net earnings $78.2M (9.4% of revenue).
DocuSign, Q1 FY27: revenue $830M (+9% year over year), operating margin 13.4%, net earnings $78.2M, operating cash flow $322M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $830M | -0.8% | +9% |
| Gross profit | $659M | -1% | +9% |
| Operating profit | $111M | +27% | +85% |
| Net earnings | $78.2M | -13% | +8% |
| Operating cash flow | $322M | -15% | +28% |
| Free cash flow | $289M | -17% | +27% |
What changed
Revenue was $830.2M in Q1 FY27, up 9% year over year and down 1% from the previous quarter. Subscription and Circulation was the largest line at 98% of revenue. Subscription and Circulation added $65.0M year over year (up 9%), 98% of the total change.
Gross margin was 79.4%, unchanged from Q1 FY26. Operating profit was $111.3M, a 13.4% margin (up 5.5 points year over year). Of the extra revenue versus Q1 FY26, 77% reached operating profit, above the 8% margin then. Operating expenses grew 0% against revenue growth of 9%. Net earnings were $78.2M, up 8% year over year. The effective tax rate was 33.6%.
Operating cash flow was $321.7M (up 28% year over year), 411% of net earnings. Non-cash charges added back $32.2M of depreciation and amortization and $141.4M of share-based compensation. Working capital and other items added $69.9M. Capital expenditures of $32.3M left free cash flow of $289.4M.
Questions
What was DocuSign's revenue in the first quarter fiscal 2027?
DocuSign (DOCU) reported revenue of $830M for the first quarter fiscal 2027 (Q1 FY27), +9% from a year earlier and -0.8% from the quarter before.
Was DocuSign profitable in the first quarter fiscal 2027?
Operating profit was $111M (13.4% of revenue) and net earnings $78.2M.
Source: DocuSign 10-Q on SEC EDGAR.