Metrics
The numbers behind DocuSign, Inc.: as-reported financial statements and company metrics for FY2022–FY2026, traced to the source filings, opened with the share-price history those statements have to justify. Every linked figure opens the exact page of the filing it was printed on, with the statement row highlighted. Amounts in US$ thousands unless noted.
Reading notes: Figures are presented in thousands of U.S. dollars, exactly as printed in DocuSign's Form 10-K statements ('(in thousands, except per share data)'). Per-share figures are in dollars. DocuSign's fiscal year ends January 31; 'FY2026' denotes the year ended January 31, 2026. Main columns FY2022–FY2026 are each cited to that year's own Form 10-K (current-year column). Long-Term Record: FY2020 and FY2021 are cited from the comparative columns of the FY2022 Form 10-K; FY2017–FY2019 are from the standardized data feed (SEC XBRL) and are shown without page links (those filings are not in the corpus).
Share Price — Full Available History — 8 Years
The stock closed at $47.04 on Jul 23, 2026 — up 18% over the window shown (+2.1% a year), trading between $37.41 and $310.05. At that close the stock trades at 32× FY2026 diluted EPS as reported below.
Source: market price feed, weekly closes, sampled from 2,071 source observations, Apr 2018–Jul 2026. Price return only, excludes dividends.
Market capitalization $8.3bn.
Market cap = 176.7M shares outstanding × the Jul 23, 2026 close of $47.04. Market-derived, shown without filing links.
FY2026 at a Glance
Revenue (US$ thousands)
Net income (US$ thousands)
Diluted EPS
Source: FY2026 consolidated statements [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Type
| Revenue by Type | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Subscription | 2,037,272 | 2,442,177 | 2,686,708 | 2,901,309 | 3,150,551 |
| Professional services and other | 69,941 | 73,738 | 75,174 | 75,430 | 68,949 |
| Total revenue | 2,107,213 | 2,515,915 | 2,761,882 | 2,976,739 | 3,219,500 |
| Total revenue growth, derived | — | +19.4% | +9.8% | +7.8% | +8.2% |
Source: Consolidated Statements of Operations — Revenue disaggregation [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Income Statement
Source: Consolidated Statements of Operations and Comprehensive Income (Loss) [1] [2] [3] [4]. Click any linked figure to open the filing page with the row highlighted.
Columns marked E are consensus analyst estimates from S&P Capital IQ (CapIQ), shown alongside reported results for direct comparison; they are not company guidance.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-07-24. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Balance Sheet
Source: Consolidated Balance Sheets [5] [6] [7] [8]. Click any linked figure to open the filing page with the row highlighted.
Cash Flow
Source: Consolidated Statements of Cash Flows [9] [10] [11] [12]. Click any linked figure to open the filing page with the row highlighted.
Revenue by Geography
| Revenue by Geography | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| U.S. | 1,625,966 | 1,895,932 | 2,032,950 | 2,142,777 | 2,274,470 |
| International | 481,247 | 619,983 | 728,932 | 833,962 | 945,030 |
| Total revenue | 2,107,213 | 2,515,915 | 2,761,882 | 2,976,739 | 3,219,500 |
Source: Note 16. Segment and Geographic Information [13] [14] [15] [16]. Click any linked figure to open the filing page with the row highlighted.
Customer Base and Recurring Revenue
| Customer Base and Recurring Revenue | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Annual recurring revenue (ARR) | — | — | 2,805,000 | 3,030,000 | 3,272,000 |
| Dollar net retention rate (fiscal Q4 exit) | — | — | 98.0% | 101.0% | 102.0% |
| Direct enterprise and commercial customers | 170,000 | 211,000 | 242,000 | 260,000 | 280,000 |
| IAM share of total ARR | — | — | — | 2.3% | 10.8% |
| Revenue from customers outside the U.S. (% of total) | 23.0% | 25.0% | 26.0% | 28.0% | 29.0% |
Source: company filings [17] [18] [19] [20]. Click any linked figure to open the filing page with the row highlighted.
Contracted Backlog and Deferred Revenue
| Contracted Backlog and Deferred Revenue | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Remaining performance obligations (contracts greater than one year) | 1,600,000 | 1,900,000 | 2,200,000 | 2,400,000 | 2,400,000 |
| Share of remaining performance obligations to be recognized within 12 months | 53.0% | 57.0% | 56.0% | 55.0% | 57.0% |
| Contract liabilities and refund liability, end of period | 1,049,106 | 1,191,269 | 1,343,792 | 1,479,266 | 1,663,128 |
| Contract assets | 12,600 | 12,400 | 15,900 | 13,800 | 10,800 |
Source: company filings [21] [22] [23] [24]. Click any linked figure to open the filing page with the row highlighted.
Non-GAAP Operating Model
| Non-GAAP Operating Model | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Non-GAAP subscription gross margin | 85.0% | 84.9% | 85.2% | 84.2% | 83.6% |
| Non-GAAP gross margin | 82.0% | 82.1% | 82.6% | 82.2% | 82.0% |
| Non-GAAP income from operations | 419,106 | 516,846 | 711,367 | 885,998 | 967,937 |
| Non-GAAP operating margin | 20.0% | 20.5% | 25.8% | 29.8% | 30.1% |
| Non-GAAP net income | 410,842 | 418,924 | 622,887 | 747,209 | 803,182 |
| Non-GAAP free cash flow | 445,071 | 429,105 | 887,135 | 920,284 | 1,058,562 |
Source: company filings [25] [20] [26] [27]. Click any linked figure to open the filing page with the row highlighted.
Stock Compensation, Buybacks and Workforce
| Stock Compensation, Buybacks and Workforce | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Stock-based compensation expense | 408,542 | 533,100 | 611,835 | 605,499 | 622,321 |
| Shares repurchased (thousands of shares) | — | 1,135 | 3,058 | 10,954 | 11,840 |
| Employees | 7,461 | 7,336 | 6,840 | 6,838 | 7,044 |
| Employees based in the U.S. (% of total) | 69.0% | 67.0% | 67.0% | 63.0% | 60.0% |
Source: company filings [28] [25] [29] [30]. Click any linked figure to open the filing page with the row highlighted.
Long-Term Record
| Fiscal year | Total revenue | Income (loss) from operations | Net income (loss) | Diluted net income (loss) per share | Net cash provided by operating activities | Purchases of property and equipment |
|---|---|---|---|---|---|---|
| FY2017 | 381,459 | (115,817) | (115,412) | — | (4,790) | (43,330) |
| FY2018 | 518,504 | (51,653) | (52,276) | — | 54,979 | (18,929) |
| FY2019 | 700,969 | (426,323) | (426,458) | — | 76,086 | (30,413) |
| FY2020 | 973,971 | (193,509) | (208,359) | (1.18) | 115,696 | (72,046) |
| FY2021 | 1,453,047 | (173,855) | (243,267) | (1.31) | 296,954 | (82,395) |
| FY2022 | 2,107,213 | (61,884) | (69,976) | (0.36) | 506,467 | (61,396) |
| FY2023 | 2,515,915 | (88,031) | (97,454) | (0.49) | 506,759 | (77,654) |
| FY2024 | 2,761,882 | 31,634 | 73,980 | 0.36 | 979,526 | (92,391) |
| FY2025 | 2,976,739 | 199,928 | 1,067,885 | 5.08 | 1,017,272 | (96,988) |
| FY2026 | 3,219,500 | 298,579 | 309,085 | 1.48 | 1,165,007 | (106,445) |
Source: consolidated statements across filings; older years from the standardized feed [9] [1] [10] [2]. Click any linked figure to open the filing page with the row highlighted.
Operating KPIs
| KPI | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| Total customers | 1,100,000 | 1,300,000 | 1,500,000 | 1,700,000 | 1,800,000 |
| Customers with greater than $300,000 in annualized contract value | 852 | 1,080 | 1,060 | 1,131 | 1,205 |
| Billings (non-GAAP) | 2,358,127 | 2,659,736 | 2,910,831 | 3,109,559 | 3,406,282 |
Source: company-reported operating metrics [22] [31] [32] [24]. Click any linked figure to open the filing page with the row highlighted.
Analyst Consensus
Mean target
Median target
High target
Low target
Street ratings: 2 strong buy, 3 buy, 16 hold, 1 sell. Consensus: Hold.
Estimate source: S&P Capital IQ (CapIQ) consensus, as of 2026-07-24. Estimate figures are S&P Capital IQ consensus (vendor data — no filing page links). EPS and net income use the normalized (adjusted) consensus where the street reports it. Line-item analyst models (segments, drivers, KPIs) are in the Visible Alpha tab.
Traceability
422 of 437 figures on this page (97%) link to the filing page where they are printed — click a linked figure to open the source PDF at that page with the row highlighted. Unlinked figures come from standardized data feeds or pre-filing years.
Figures are presented in thousands of U.S. dollars, exactly as printed in DocuSign's Form 10-K statements ('(in thousands, except per share data)'). Per-share figures are in dollars.
DocuSign's fiscal year ends January 31; 'FY2026' denotes the year ended January 31, 2026.
Main columns FY2022–FY2026 are each cited to that year's own Form 10-K (current-year column).
Long-Term Record: FY2020 and FY2021 are cited from the comparative columns of the FY2022 Form 10-K; FY2017–FY2019 are from the standardized data feed (SEC XBRL) and are shown without page links (those filings are not in the corpus).
DocuSign operates as a single reportable segment; the revenue breakdown uses the company's own disaggregation (subscription vs. professional services other) plus its reported U.S./International geographic split. No segment-profit statement is applicable.
Convertible senior notes were fully repaid during FY2024; the company has carried no funded debt since, so no debt line is shown in the summary balance sheet.
Effective Q1 FY2027, DocuSign combined the 'Subscription' and 'Professional services and other' revenue lines into a single 'Revenue' line on the face of its income statement; the Q1 FY27 quarterly revenue row cites that combined line.
Quarterly cash-flow figures are the single-quarter (three-months-ended) columns printed directly in each earnings-release 8-K, not derived from year-to-date statements.
Total customers are the company's own approximate disclosures ('over 1.1 million', 'nearly 1.7 million', etc.); the count column shows the rounded figure and the linked figure highlights the disclosure sentence.