Docusign Inc

DOCU: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Docusign Earnings: Strong Performance All Round, E-Signature and IAM Momentum Continue to Impress

Dan Romanoff , Dhruv Kothari

Sep 5, 2025

Docusign reported second-quarter revenue, growing 9% year over year to $800 million. Billings momentum picked up, rising 13% over the previous year. Non-GAAP operating margin expanded 30 basis points sequentially, but was down 240 basis points year over year, lapping tougher comparisons.

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Docusign Inc

Docusign Earnings: Strong Performance All Round, E-Signature and IAM Momentum Continue to Impress

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