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DocuSign (DOCU) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Mar 18, 2026
DocuSign (DOCU) reported revenue of $837M for the fourth quarter fiscal 2026 (Q4 FY26), +8% from a year earlier and +2% from the quarter before. Operating margin was 10.5%, net earnings $90.3M (10.8% of revenue).
DocuSign, Q4 FY26: revenue $837M (+8% year over year), operating margin 10.5%, net earnings $90.3M, operating cash flow $377M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $837M | +2% | +8% |
| Gross profit | $667M | +3% | +8% |
| Operating profit | $87.7M | +3% | +45% |
| Net earnings | $90.3M | +8% | +8% |
| Operating cash flow | $377M | +30% | +23% |
| Free cash flow | $350M | +33% | +25% |
What changed
Revenue was $836.9M in Q4 FY26, up 8% year over year and up 2% from the previous quarter. Subscription was the largest line at 98% of revenue.
Gross margin was 79.7%, up 0.4 points from Q4 FY25. Operating profit was $87.7M, a 10.5% margin (up 2.7 points year over year). Of the extra revenue versus Q4 FY25, 45% reached operating profit, above the 8% margin then. Operating expenses grew 4% against revenue growth of 8%. Net earnings were $90.3M, up 8% year over year. The effective tax rate was 11.1%.
Operating cash flow was $377.2M (up 23% year over year), 418% of net earnings. Non-cash charges added back $26.4M of depreciation and amortization and $155.5M of share-based compensation. Working capital and other items added $104.9M. Capital expenditures of $27.0M left free cash flow of $350.2M.
Questions
What was DocuSign's revenue in the fourth quarter fiscal 2026?
DocuSign (DOCU) reported revenue of $837M for the fourth quarter fiscal 2026 (Q4 FY26), +8% from a year earlier and +2% from the quarter before.
Was DocuSign profitable in the fourth quarter fiscal 2026?
Operating profit was $87.7M (10.5% of revenue) and net earnings $90.3M.
Source: DocuSign 10-K on SEC EDGAR.