NASDAQ$DOCU

DocuSign Inc · Q4 2025 earnings

Q4 2025 earnings · · After market close · Investor relations

Briefing

DocuSign reported Q4 fiscal 2025 revenue of $776.3M with net income of $83.5M and diluted EPS of $0.39.

Total revenue was $776.3 million for the quarter ended January 31, 2025, up 9% year over year. Net income was $83.5 million ($0.39 diluted EPS) as subscription revenue reached $757.8 million and management highlighted Docusign IAM traction.

  • Q4 revenue $776.3M (+9% YoY); subscription $757.8M.
  • Net income $83.5M; diluted EPS $0.39.
  • Non-GAAP diluted EPS $0.86.
  • FY26 total revenue guidance $3.06B–$3.07B.

Headline financials

Total Revenue

$776M

Previous: $712M+9.0%
EPS (adj)

$0.39

Previous: $0.76-48.7%
Total Billings

$923M

Previous: $833M+10.8%
Capital Expenditures

-$28.3M

Previous: -$22.1M-28.2%
Net Income

$83.5M

Previous: $27.2M+206.5%
Operating Income

$60.5M

Previous: $9.94M+508.6%
Gross Profit

$616M

Previous: $564M+9.1%
R&D Expense

$155M

Previous: $152M+2.6%

Revenue & EPS history

DocuSign · Revenue · Quarterly

$776M

Q4 2025+9%vs Q4 2024
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

DocuSign · $701M total across 2 segments · Q3 2024

  • Subscription
    $682M+9.3%
  • Professional Services
    $18.1M-15.5%

Forward guidance

Guidance emphasizes revenue growth, margin expansion, and platform investment.

Tailwinds

  • Enterprise demand and ARR growth support recurring revenue.
  • Operating leverage from scale and automation.

Headwinds

  • Macro and IT spending cycles can slow new bookings.
  • Competition and pricing pressure on services.

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 2025

Historical avgQ4 2025

-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

Earnings price reactions
QuarterReport dateReaction (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