NASDAQ$DOCU

DocuSign Inc · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

DocuSign's financial performance reflected strong growth and strategic advancements.

DocuSign announced strong second quarter fiscal 2022 results, with total revenue reaching $511.8 million, a 50% increase year-over-year. Subscription revenue grew by 52% to $492.8 million, and billings increased by 47% to $595.4 million.

  • Total revenue was $511.8 million, up 50% year-over-year.
  • Subscription revenue reached $492.8 million, a 52% increase year-over-year.
  • Billings grew to $595.4 million, representing a 47% year-over-year increase.
  • Non-GAAP net income per diluted share was $0.47.

Headline financials

Total Revenue

$512M

Previous: $342M+49.6%
EPS (adj)

$0.47

Previous: $0.17+176.5%
Total Billings

$595M

Previous: $406M+46.8%
Capital Expenditures

-$28.5M

Previous: -$44.8M+36.2%
Free Cash Flow

-$54M

Previous: -$109M+50.6%
Net Income

-$25.5M

Previous: -$64.6M+60.5%
Operating Income

-$22.6M

Previous: -$58.6M+61.4%
Gross Profit

$398M

Previous: $252M+58.2%
Cash & Equivalents

$519M

Previous: $404M+28.3%
Total Assets

$2.36B

Previous: $2.05B+14.7%

Revenue & EPS history

DocuSign · Revenue · Quarterly

$512M

Q2 2022+49.6%vs Q2 2021
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

DocuSign · $512M total across 2 segments · Q2 2022

  • Subscription
    $493M+52.3%
  • Professional Services
    $19.1M+2.8%

Forward guidance

The company expects total revenue between $526 million and $532 million for the quarter ending October 31, 2021. They anticipate subscription revenue between $505 million and $511 million and billings between $585 million and $597 million. The non-GAAP gross margin is expected to be between 79% and 81%, with a non-GAAP operating margin between 17% and 19%.

Tailwinds

  • Total revenue is projected to be between $526 million and $532 million.
  • Subscription revenue is expected to range from $505 million to $511 million.
  • Billings are anticipated to be between $585 million and $597 million.
  • Non-GAAP gross margin is forecasted to be between 79% and 81%.
  • Non-GAAP operating margin is expected to be between 17% and 19%.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2022

Historical avgQ2 2022

-0.7%

Avg return

Earnings day

-0.6%

Avg return

5 days after

+0.1%

Avg return

30 days after

50%

16 / 32 earnings

Positive

+27.4%

Q3 2025

Best reaction

-41.5%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q4 2026+1.8%+2.6%-3.8%
Q3 2026-7.7%-3.2%-8.8%
Q2 2026+4.7%+3.4%-8.5%
Q1 2026+0.0%+1.4%+2.3%
Q4 2025+14.8%+14.6%-0.5%
Q3 2025+27.4%+14.1%+7.4%
Q2 2025+3.1%-5.0%+11.2%
Q1 2025-2.8%-2.7%+1.7%
Q4 2024+6.7%+11.5%+13.3%
Q3 2024+5.0%+18.2%+15.4%
Q2 2024-4.9%-12.1%-20.2%
Q1 2024-0.3%-3.4%-13.1%
Q4 2023-24.3%-15.5%-14.0%
Q3 2023+16.8%+37.9%+29.6%
Q2 2023+16.1%+10.5%-13.3%
Q1 2023-26.8%-36.4%-26.2%
Q4 2022-23.5%-21.8%+4.0%
Q3 2022-41.5%-39.9%-34.0%
Q2 2022+4.3%-1.9%-13.3%
Q1 2022+16.3%+20.8%+39.0%
Q4 2021-1.1%-0.7%+0.1%
Q3 2021+11.7%+7.9%+2.1%
Q2 2021-18.4%-22.5%-17.7%
Q1 2021-5.3%-3.8%+29.5%
Q4 2020+3.1%-5.4%+20.8%
Q3 2020+8.0%+4.0%+7.9%
Q2 2020+20.1%+27.9%+33.2%
Q1 2020-9.7%-10.2%-2.2%
Q4 2019-2.1%-1.7%-4.2%
Q3 2019-4.4%+0.5%-1.4%
Q2 2019-10.8%-16.8%-30.2%
Q1 2019+1.0%+7.8%-4.2%
Q3 2017
Q2 2017
Q1 2017

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro