NASDAQ$DOCU
DocuSign Inc · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
DocuSign's financial results for the second quarter of fiscal year 2024 were announced, along with an increase to the share repurchase program.
DocuSign reported solid results for the first half of the year, reflecting strong progress on its business transformation. The company saw an increase in innovation, strengthened self-service and partner distribution channels, and received positive feedback on its product roadmap, particularly from enterprise customers. Total revenue was $687.7 million, up 11% year-over-year, and billings were $711.2 million, up 10% year-over-year.
- Total revenue was $687.7 million, an increase of 11% year-over-year.
- Subscription revenue was $669.4 million, an increase of 11% year-over-year.
- Billings were $711.2 million, an increase of 10% year-over-year.
- Free cash flow was $183.6 million compared to $105.5 million in the same period last year.
Headline financials
Revenue & EPS history
DocuSign · Revenue · Quarterly
$688M
Revenue by segment
DocuSign · $688M total across 2 segments · Q2 2024
- Subscription$669M+10.6%97.3%
- Professional Services$18.3M+7.8%2.7%
Forward guidance
The company currently expects total revenue of $687 million to $691 million and subscription revenue of $669 million to $673 million for the quarter ending October 31, 2023. Billings are expected to be $668 million to $678 million. Non-GAAP gross margin is expected to be 81% to 82% and non-GAAP operating margin is expected to be 22% to 23%.
Tailwinds
- Total revenue $687 million to $691 million
- Subscription revenue $669 million to $673 million
- Billings $668 million to $678 million
- Non-GAAP gross margin 81% to 82%
- Non-GAAP operating margin 22% to 23%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q2 2024
-0.9%
Avg return
Earnings day
-1.0%
Avg return
5 days after
+0.1%
Avg return
30 days after
48%
16 / 33 earnings
Positive
+27.4%
Q3 2025
Best reaction
-41.5%
Q3 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | -7.3% | -11.3% | — | |
| 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