10 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 17.2% per year over the past 5 years.
Operating margin has expanded, at 9.3% in the latest year.
Free cash flow has grown 37.6% per year over the past 5 years.
Financial health
Operating income covered interest expense 117× in the latest year.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$3.2B
$309M
79.4%
9.3%
16.1%
7.3%
$1.1B
—
$602M
2025
$3.0B
$1.1B
79.1%
6.7%
53.3%
26.6%
$920M
—
$649M
2024
$2.8B
$74M
79.3%
1.1%
6.6%
2.5%
$887M
—
$797M
2023
$2.5B
-$98M
78.7%
-3.5%
-15.8%
-3.2%
$429M
—
$722M
2022
$2.1B
-$70M
77.9%
-2.9%
-25.4%
-2.8%
$445M
—
$509M
2021
$1.5B
-$243M
74.9%
-12.0%
-74.7%
-10.4%
$215M
—
$566M
2020
$974M
-$208M
75.0%
-19.9%
-38.1%
-11.0%
$44M
—
$241M
2019
$701M
-$426M
72.5%
-60.8%
-69.4%
-26.4%
$46M
—
$518M
2018
$519M
-$52M
77.2%
-10.0%
15.4%
-8.4%
$36M
—
$257M
2017
$381M
-$115M
73.1%
-30.4%
33.2%
—
-$48M
—
—
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jul '26
$876M
$78M
79.7%
13.4%
4.5%
2.0%
$296M
—
$528M
Apr '26
$830M
$78M
79.4%
13.4%
4.3%
2.0%
$289M
—
$548M
Jan '26
$837M
$90M
79.7%
10.5%
4.7%
2.1%
$350M
—
$602M
Oct '25
$818M
$84M
79.2%
10.4%
4.2%
2.1%
$263M
—
$583M
Jul '25
$801M
$63M
79.3%
8.1%
3.2%
1.6%
$218M
—
$600M
Apr '25
$764M
$72M
79.4%
7.9%
3.6%
1.8%
$228M
—
$657M
Jan '25
$776M
$83M
79.4%
7.8%
4.2%
2.1%
$280M
—
$649M
Oct '24
$755M
$62M
79.3%
7.8%
3.1%
1.7%
$211M
—
$611M
Jul '24
$736M
$888M
78.9%
7.9%
45.3%
23.7%
$198M
—
$619M
Apr '24
$710M
$34M
78.9%
3.2%
3.0%
1.2%
$232M
—
$817M
Jan '24
$712M
$27M
79.2%
1.4%
2.4%
0.9%
$249M
—
$797M
Oct '23
$700M
$39M
79.6%
2.8%
4.0%
1.2%
$240M
—
$1.2B
Jul '23
$688M
$7M
78.8%
1.0%
0.9%
0.2%
$184M
—
$1.0B
Apr '23
$661M
$539000
79.4%
-0.7%
0.1%
0.0%
$215M
—
$940M
Jan '23
$660M
$5M
79.2%
-0.0%
0.8%
0.2%
$113M
—
$722M
Oct '22
$645M
-$30M
79.9%
-4.2%
-6.4%
-1.1%
$36M
—
$633M
Jul '22
$622M
-$45M
78.0%
-6.6%
-11.1%
-1.7%
$105M
—
$637M
Apr '22
$589M
-$27M
77.5%
-3.3%
-7.8%
-1.1%
$175M
—
$638M
Jan '22
$581M
-$30M
77.4%
-4.3%
-11.1%
-1.2%
$70M
—
$509M
Oct '21
$545M
-$6M
78.7%
-0.6%
-2.4%
-0.2%
$90M
—
$504M
Valuation over time
How the market has priced DOCU against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 153.9× (Jan '24) to 49.4× (Nov '26).
The price-to-sales ratio has risen from 4.3× (Mar '23) to 4.7× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is DOCU growing its revenue and profit?
Over the past 5 years, Docusign, Inc.'s revenue has grown 17.2% per year. These are computed facts, not advice.
How much debt does DOCU have?
As of FY2026, Docusign, Inc. reported — of total debt against $602M of cash; operating income covered interest expense 117×.
What is DOCU's profit margin?
In FY2026, gross margin was 79.4%, operating margin 9.3%, and net margin 9.6%.
What is DOCU's P/E ratio?
Docusign, Inc.'s P/E (TTM) is 46.27 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the DOCU stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 49.4× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.