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DocuSign vs Okta: DOCU and OKTA compared
DocuSign is the larger company: $876M of revenue in its latest quarter (Q2 FY27) against $805M for Okta (Q2 FY27). Okta is growing faster (+11% against +9% a year earlier). DocuSign is more profitable, with an operating margin of 13.4% against 13.3%.
Where the money goes: DOCU and OKTA
DocuSign (DOCU) · Q2 FY27
DocuSign, Q2 FY27: revenue $876M (+9% year over year), operating margin 13.4%, net earnings $77.7M, operating cash flow $335M. The chart follows the revenue to costs, profit and cash.
Okta (OKTA) · Q2 FY27
Okta, Q2 FY27: revenue $805M (+11% year over year), operating margin 13.3%, net earnings $116M, operating cash flow $234M. The chart follows the revenue to costs, profit and cash.
| DocuSign (DOCU) | Okta (OKTA) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 FY27 |
| Revenue | $876M | $805M |
| Revenue growth, Y/Y | +9% | +11% |
| Gross margin | 79.7% | 79.6% |
| Operating margin | 13.4% | 13.3% |
| Net earnings | $77.7M | $116M |
| Net margin | 8.9% | 14.4% |
| Operating cash flow | $335M | $234M |
| Free cash flow | $296M | $227M |
| Market value | $15.0B | $30.2B |
| P/E | 45.4× | 101.9× |
| Analysts’ mean target | $70.37 | $214.72 |
Where the revenue comes from
DocuSign
- Subscription and Circulation: $854M (98%)
- Professional Services and Other: $21.8M (2%)
Okta
- Subscription: $793M (99%)
- Professional services and other: $12.0M (1%)
Questions
Which is bigger, DocuSign or Okta?
DocuSign is the larger company: $876M of revenue in its latest quarter (Q2 FY27) against $805M for Okta (Q2 FY27).
Is DocuSign or Okta growing faster?
Okta is growing faster (+11% against +9% a year earlier).
Which is more profitable, DocuSign or Okta?
DocuSign is more profitable, with an operating margin of 13.4% against 13.3%.
More: DocuSign earnings · how DocuSign makes money · Okta earnings · how Okta makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 4, 2026; 10-Q filed Aug 27, 2026). Fiscal quarters can end on different dates. Not investment advice.