NASDAQ$DOCU
DocuSign Inc · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
DocuSign's Q4 2023 financial results were announced, showcasing growth in key financial metrics and progress in strategic priorities.
DocuSign announced its Q4 and Fiscal Year 2023 financial results, with total revenue reaching $659.6 million, a 14% increase year-over-year. The company also reported a GAAP net income per diluted share of $0.02 and a non-GAAP net income per diluted share of $0.65. Billings were $739.0 million, up 10% year-over-year.
- Total revenue increased by 14% year-over-year, reaching $659.6 million.
- Subscription revenue grew by 14% year-over-year, amounting to $643.7 million.
- Billings increased by 10% year-over-year, totaling $739.0 million.
- Non-GAAP net income per diluted share was $0.65, compared to $0.48 in the same period last year.
Headline financials
Revenue & EPS history
DocuSign · Revenue · Quarterly
$660M
Revenue by segment
DocuSign · $660M total across 2 segments · Q4 2023
- Subscription$644M+14.1%97.6%
- Professional Services$15.9M-5.5%2.4%
Forward guidance
The company expects total revenue between $639 million and $643 million and subscription revenue between $625 million and $629 million for the quarter ending April 30, 2023. They also expect billings between $615 million and $625 million, a non-GAAP gross margin between 81% and 82%, and a non-GAAP operating margin between 21% and 22%.
Tailwinds
- Total revenue is expected to be between $639 million and $643 million.
- Subscription revenue is projected to be between $625 million and $629 million.
- Billings are anticipated to be between $615 million and $625 million.
- Non-GAAP gross margin is forecasted to be between 81% and 82%.
- Non-GAAP operating margin is expected to be between 21% and 22%.
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 Q4 2023
-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 | — | — | — |
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