DocuSign (DOCU) Earnings: Q2 Fiscal 2027 Results and Next Report Date

The quarter ended July 31, 2026 and Docusign published the results on September 3, 2026. Revenue and diluted EPS are shown against Q2 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison. Docusign reports EPS two ways: GAAP, under the accounting rules every US filer follows, and non-GAAP, which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.

• Docusign's fiscal year ends January 31, so Q2 fiscal 2027 is the three months ended July 31, 2026.
• From Q1 fiscal 2027 Docusign shows a single revenue line on its income statement. The split between subscription and professional services revenue comes from the revenue note in its 10-Q.

Source: Docusign Q2 fiscal 2027 results, September 3, 2026. Also in the Form 10-Q for the quarter ended July 31, 2026. Figures as reported; checked against the release on November 10, 2026.

How Docusign splits revenue in its own release, under its own labels, for Q2 fiscal 2027 against Q2 fiscal 2026. Indented lines are parts of the line above them.

• Docusign's U.S. revenue was $604 million in Q2 fiscal 2027, up 6% from $568 million in Q2 fiscal 2026, 69% of total revenue.
• Docusign's International revenue was $272 million in Q2 fiscal 2027, up 17% from $233 million in Q2 fiscal 2026, 31% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

The first quote is Docusign's outlook for the quarter ending October 31, 2026; the second and third cover the fiscal year ending January 31, 2027. Revenue is in millions, and the bracketed numbers are the release's own footnote markers.

In its Q2 fiscal 2027 release, Docusign said:

“Revenue [1] $886 to $890 9% Non-GAAP gross margin 81.5% to 81.9% NA Non-GAAP operating margin 31.3% to 31.7%”

“Revenue [1] $3,499 to $3,507 9% Annual recurring revenue year-over-year growth rate [2] 8.50% to 9.00% 8.75%”

“We expect that IAM will represent approximately 18% to 19% of total ARR exiting Q4 of Fiscal 2027.”

Source: Docusign Q2 FY27 release, Sep 3, 2026.

This is the company's own guidance as of Sep 3, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the DOCU forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP revenue and diluted EPS, each as first reported in that quarter's release. Docusign reports in thousands; revenue is shown in millions.

Docusign's next report is expected around December 3, 2026, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q2 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q2 fiscal 2027 (this page), reported Sep 3, 2026

Docusign earns almost all of its revenue from software subscriptions. In Q2 fiscal 2027 subscription revenue was $854.0 million of $875.7 million in total, and professional services and other revenue, which covers deployment and integration work and on-premises sales, was $21.8 million. (Docusign Form 10-Q, Q2 FY27, Sep 4, 2026; Docusign Q2 FY27 release, Sep 3, 2026)

Docusign's revenue rose $75.1 million, or 9%, from a year earlier. Docusign put the increase down primarily to expansion of revenue from its commercial and enterprise accounts and from its digital channel. The release says foreign exchange rates added approximately 1.3% to the growth rate. (Docusign Form 10-Q, Q2 FY27, Sep 4, 2026; Docusign Q2 FY27 release, Sep 3, 2026)

Docusign customers in the U.S. produced $603.5 million of revenue in the quarter and international customers $272.2 million. International revenue was 31% of the total, against 29% a year earlier, and no single country other than the U.S. accounted for more than 10% of revenue. (Docusign Form 10-Q, Q2 FY27, Sep 4, 2026)

Intelligent Agreement Management (IAM), the platform that bundles eSignature with the Navigator repository, the Maestro workflow builder and the Iris AI engine, made up 15.1% of Docusign's total annual recurring revenue at July 31, 2026, against 12.6% at April 30, 2026 and 10.8% at January 31, 2026. Docusign's 10-K says standalone eSignature is expected to remain the majority of revenue for the foreseeable future. Total ARR was $3,272 million at January 31, 2026; Docusign reports the total figure only once a year. (Docusign Q2 FY27 release, Sep 3, 2026; Docusign Form 10-K, fiscal 2026, Mar 18, 2026)

At January 31, 2026 Docusign had over 1.8 million customers, including approximately 280,000 direct enterprise and commercial customers. Remaining performance obligations on contracts longer than one year were $2.3 billion at July 31, 2026, and Docusign expects to recognize 58% of that within 12 months. (Docusign Form 10-K, fiscal 2026, Mar 18, 2026; Docusign Form 10-Q, Q2 FY27, Sep 4, 2026)

Docusign's GAAP diluted EPS was $0.40 in Q2 fiscal 2027 and its non-GAAP diluted EPS was $1.16. The non-GAAP figure adds back stock-based compensation of $148.6 million, employer payroll tax on employee stock transactions of $5.8 million and amortization of acquisition-related intangibles of $4.7 million, then applies a fixed long-term projected tax rate of 21%. (Docusign Q2 FY27 release, Sep 3, 2026)

Income from operations rose to $117.6 million from $65.2 million, lifting the GAAP operating margin to 13.4% from 8.1%. Tax took a larger share of pre-tax income: the provision was $47.3 million against $13.5 million a year earlier, which the 10-Q attributes to the tax effects of U.S. and foreign earnings and to shortfalls from stock-based compensation. Net income was $77.7 million, against $63.0 million. (Docusign Q2 FY27 release, Sep 3, 2026; Docusign Form 10-Q, Q2 FY27, Sep 4, 2026)

Buybacks cut Docusign's diluted share count to 193.1 million from 211.0 million a year earlier. Repurchases of common stock were $306.5 million in the quarter, against $201.5 million. In March 2026 the board added $2.0 billion to the program, taking total authorization to $4.5 billion, and $2.1 billion remained at July 31, 2026. (Docusign Q2 FY27 release, Sep 3, 2026; Docusign Form 10-Q, Q2 FY27, Sep 4, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Docusign gives a numeric outlook in each release, and with Q2 fiscal 2027 it raised its full-year revenue and ARR guidance. For the quarter ending October 31, 2026 it guided revenue of $886 million to $890 million, non-GAAP gross margin of 81.5% to 81.9% and non-GAAP operating margin of 31.3% to 31.7%. For fiscal 2027 it guided revenue of $3,499 million to $3,507 million, ARR growth of 8.50% to 9.00%, and IAM at approximately 18% to 19% of total ARR exiting Q4. (Docusign Q2 FY27 release, Sep 3, 2026)

Docusign's guidance is on a non-GAAP basis and includes no EPS figure. Excluding foreign exchange, the release says revenue growth guidance would be approximately 1.0 points lower for the quarter and 1.2 points lower for the year, and it does not reconcile the outlook to GAAP because stock-based compensation charges are difficult to predict. (Docusign Q2 FY27 release, Sep 3, 2026)

A consensus figure is the average of the models published by the analysts who cover Docusign, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Docusign's own release and filings put weight on for Q2 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning DOCU is on is DOCU a buy or a sell?, what analysts expect next is on the DOCU forecast, and what the company does is on the DocuSign (DOCU) stock page.

Every number on this page can be traced to a document Docusign published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.