Filing Flows › DocuSign (DOCU) › Q3 FY26
DocuSign (DOCU) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Dec 5, 2025
DocuSign (DOCU) reported revenue of $818M for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and +2% from the quarter before. Operating margin was 10.4%, net earnings $83.7M (10.2% of revenue).
DocuSign, Q3 FY26: revenue $818M (+8% year over year), operating margin 10.4%, net earnings $83.7M, operating cash flow $290M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $818M | +2% | +8% |
| Gross profit | $648M | +2% | +8% |
| Operating profit | $85.4M | +31% | +45% |
| Net earnings | $83.7M | +33% | +34% |
| Operating cash flow | $290M | +18% | +24% |
| Free cash flow | $263M | +21% | +25% |
What changed
Revenue was $818.4M in Q3 FY26, up 8% year over year and up 2% from the previous quarter. Subscription was the largest line at 98% of revenue. Subscription added $66.3M year over year (up 9%), 104% of the total change. Professional services and other declined 14%.
Gross margin was 79.2%, down 0.1 points from a year earlier. Operating profit was $85.4M, a 10.4% margin (up 2.6 points year over year). Of the extra revenue versus a year earlier, 41% reached operating profit, above the 8% margin then. Operating expenses grew 4% against revenue growth of 8%. The fastest-growing cost line was Research & development (+11%). Net earnings were $83.7M, up 34% year over year. The effective tax rate was 12.4%.
Operating cash flow was $290.3M (up 24% year over year), 347% of net earnings. Non-cash charges added back $30.4M of depreciation and amortization and $160.6M of share-based compensation. Working capital and other items added $15.5M. Capital expenditures of $27.4M left free cash flow of $262.9M.
Questions
What was DocuSign's revenue in the third quarter fiscal 2026?
DocuSign (DOCU) reported revenue of $818M for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and +2% from the quarter before.
Was DocuSign profitable in the third quarter fiscal 2026?
Operating profit was $85.4M (10.4% of revenue) and net earnings $83.7M.
Source: DocuSign 10-Q on SEC EDGAR.