Filing Flows › DocuSign (DOCU) › Q2 FY27 › vs Q2 FY26
DocuSign (DOCU) Q2 FY27 vs Q2 FY26 (year over year)
DocuSign's revenue rose $75.1M (+9%) from $801M in Q2 FY26 to $876M in Q2 FY27. The biggest changes: Subscription and Circulation +$69.6M (+9%); Professional Services and Other +$5.5M (+34%). Gross margin 79.7% against 79.3% (+0.4 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 Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 79.7% | 79.3% | +0.4 pts |
| Operating margin | 13.4% | 8.1% | +5.3 pts |
| Net margin | 8.9% | 7.9% | +1.0 pts |
| Free cash flow margin | 33.8% | 27.2% | +6.6 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Subscription and Circulation | $854M | $784M | $69.6M | +9% |
| Professional Services and Other | $21.8M | $16.2M | $5.5M | +34% |
| Revenue | $876M | $801M | $75.1M | +9% |
| Gross profit | $698M | $635M | $62.7M | +10% |
| Cost of revenue | $178M | $165M | $12.4M | +7% |
| Other income, net | $7.4M | $11.2M | −$3.9M | -35% |
| Operating profit | $118M | $65.2M | $52.4M | +80% |
| Operating expenses | $580M | $570M | $10.3M | +2% |
| Pre-tax earnings | $125M | $76.5M | $48.5M | +63% |
| Research & development | $164M | $170M | −$6.0M | -4% |
| Sales & marketing | $314M | $305M | $8.5M | +3% |
| General & admin | $103M | $94.9M | $7.8M | +8% |
| Net earnings | $77.7M | $63.0M | $14.7M | +23% |
| Income tax | $47.3M | $13.5M | $33.8M | +250% |
| Depreciation & amortization | $33.8M | $28.9M | $4.9M | +17% |
| Share-based compensation | $149M | $161M | −$11.9M | -7% |
| Working capital & other | $74.4M | −$6.3M | $80.8M | — |
| Operating cash flow | $335M | $246M | $88.5M | +36% |
| Free cash flow (company-reported) | $296M | $218M | $78.1M | +36% |
| Purchases of property and equipment | $38.8M | $28.4M | $10.4M | +36% |
Questions
How much did DocuSign's revenue grow year over year in Q2 FY27?
DocuSign's revenue rose $75.1M (+9%) from $801M in Q2 FY26 to $876M in Q2 FY27.
What drove DocuSign's revenue change in Q2 FY27?
Subscription and Circulation +$69.6M (+9%); Professional Services and Other +$5.5M (+34%).