Filing Flows › DocuSign (DOCU) › Q2 FY27 › vs Q1 FY27
DocuSign (DOCU) Q2 FY27 vs Q1 FY27 (quarter over quarter)
DocuSign's revenue rose $45.5M (+5%) from $830M in Q1 FY27 to $876M in Q2 FY27. The biggest changes: Subscription and Circulation +$42.7M (+5%); Professional Services and Other +$2.8M (+15%). Gross margin 79.7% against 79.4% (+0.3 pts).
DocuSign, Q2 FY27: revenue $876M (+9% year over year), operating margin 13.4%, net earnings $77.7M, operating cash flow $335M. The chart draws each line against Q1 FY27, the increases inside each band.
Margins
| Q2 FY27 | Q1 FY27 | Change | |
|---|---|---|---|
| Gross margin | 79.7% | 79.4% | +0.3 pts |
| Operating margin | 13.4% | 13.4% | +0.0 pts |
| Net margin | 8.9% | 9.4% | -0.5 pts |
Every line
| Line | Q2 FY27 | Q1 FY27 | Change | % |
|---|---|---|---|---|
| Subscription and Circulation | $854M | $811M | $42.7M | +5% |
| Professional Services and Other | $21.8M | $19.0M | $2.8M | +15% |
| Revenue | $876M | $830M | $45.5M | +5% |
| Gross profit | $698M | $659M | $38.9M | +6% |
| Cost of revenue | $178M | $171M | $6.6M | +4% |
| Other income, net | $7.4M | $6.4M | $908K | +14% |
| Operating profit | $118M | $111M | $6.3M | +6% |
| Operating expenses | $580M | $548M | $32.6M | +6% |
| Pre-tax earnings | $125M | $118M | $7.2M | +6% |
| Research & development | $164M | $160M | $4.0M | +3% |
| Sales & marketing | $314M | $296M | $17.8M | +6% |
| General & admin | $103M | $91.9M | $10.8M | +12% |
| Net earnings | $77.7M | $78.2M | −$482K | -0.6% |
| Income tax | $47.3M | $39.6M | $7.7M | +19% |
| Depreciation & amortization | $33.8M | $32.2M | $1.6M | +5% |
| Share-based compensation | $149M | $141M | $7.2M | +5% |
| Working capital & other | $74.4M | $69.9M | $4.5M | +6% |
| Operating cash flow | $335M | $322M | $12.9M | +4% |
Questions
How much did DocuSign's revenue grow quarter over quarter in Q2 FY27?
DocuSign's revenue rose $45.5M (+5%) from $830M in Q1 FY27 to $876M in Q2 FY27.
What drove DocuSign's revenue change in Q2 FY27?
Subscription and Circulation +$42.7M (+5%); Professional Services and Other +$2.8M (+15%).