Docusign Announces Second Quarter Fiscal 2026 Financial Results

About this update from Docusign, Inc.

[{"type":"text","content":"SAN FRANCISCO, Sept. 4, 2025 /PRNewswire/ -- Docusign, Inc. (NASDAQ: DOCU) today announced results for its fiscal quarter ended July 31, 2025. Prepared remarks and the news release with the financial results will be accessible on Docusign's website at investor.docusign.com prior to its webcast.\n\n \n \n \n \n \n \n\n \n\"Q2 was an outstanding quarter, with AI innovation launches and recent go-to-market changes leading to strong performance across the eSignature, CLM, and IAM businesses,\" said Allan Thygesen, CEO of Docusign. \"Q2 business results outperformed, leading to one of Docusign's highest growth and profitability quarters in recent years.\"\nSecond Quarter Financial Highlights\nRevenue was $800.6 million, a 9% year-over-year increase with no material impact from foreign exchange rates. Subscription revenue was $784.4 million, a 9% year-over-year increase. Professional services and other revenue was $16.2 million, a 13% year-over-year decrease.Billings were $818.0 million, a 13% year-over-year increase including approximately 1% positive impact of foreign currency exchange rates.GAAP gross margin was 79.3% compared to 78.9% in the same period last year. Non-GAAP gross margin was 82.0% compared to 82.2% in the same period last year.GAAP net income per basic share was $0.31 on 203 million shares outstanding compared to $4.34 on 205 million shares outstanding in the same period last year.GAAP net income per diluted share was $0.30 on 211 million shares outstanding compared to $4.26 on 208 million shares outstanding in the same period last year.Non-GAAP net income per diluted share was $0.92 on 211 million shares outstanding compared to $0.97 on 208 million shares outstanding in the same period last year.Net cash provided by operating activities was $246.1 million compared to $220.2 million in the same period last year.Free cash flow was $217.6 million compared to $197.9 million in the same period last year.Cash, cash equivalents, and investments were $1.1 billion at the end of the quarter.Repurchases of common stock were $201.5 million compared to $200.1 million in the same period last year.A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables included in this press release. An explanation of these measures is also included below under the heading \"Non-GAAP Financial Measures and Other Ke...

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