DocuSign, Inc. (DOCU) Stock Price & Analysis
DocuSign, Inc. (DOCU) closed at USD 84.41 on Thursday, October 22, 2026, up 3.60% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 81.48; the Oct 22, 2026 session ranged USD 81.68–85.36 on volume of 3,614,775 shares. Market capitalization is $15.78B, with a 52-week range of USD 40.16–85.36 (NMS). Source: Nexqual, retrieved October 23, 2026 at 09:16 UTC.
Also available as compact Markdown for AI agents: nexqual.com/DOCU.md
Key facts (DOCU)
- Last four reported quarters (through Jul 31, 2026): revenue $3.36B, net income $330M (9.8% margin), free cash flow $1.20B (SEC filings).
- Valuation: P/E 47.8x (avg 75.6x at the last 3 fiscal year-ends).
- 1 of 80 tracked superinvestors hold DOCU (13F, Q2 2026): 0 new, 0 added, 0 reduced, 1 unchanged.
- Analysts: Hold (mean 2.80 on a 1–5 scale) (20 analysts), mean target USD 69.99 (range 46.89–86).
- Total return with dividends: 1Y +18.8% vs S&P 500 +14.9%; 5Y -69.3% vs S&P 500 +80.3%.
- Next earnings: 2026-12-03, EPS estimate USD 1.18, revenue estimate $889M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (DOCU)
| USD | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.11B | $2.52B | $2.76B | $2.98B | $3.22B | $3.36B |
| Gross profit | $1.64B | $1.98B | $2.19B | $2.36B | $2.56B | — |
| Operating income | -$61.9M | -$88.0M | $31.6M | $200M | $299M | $402M |
| Net income | -$70.0M | -$97.5M | $74.0M | $1.07B | $309M | $330M |
| EPS (diluted) | -$0.36 | -$0.49 | $0.36 | $5.08 | $1.48 | — |
| Free cash flow | $445M | $429M | $887M | $920M | $1.06B | $1.20B |
| Gross margin | 77.9% | 78.7% | 79.3% | 79.1% | 79.4% | — |
| Operating margin | -2.9% | -3.5% | 1.1% | 6.7% | 9.3% | 12.0% |
| Net margin | -3.3% | -3.9% | 2.7% | 35.9% | 9.6% | 9.8% |
| Revenue growth | +45.0% | +19.4% | +9.8% | +7.8% | +8.2% | — |
| Cash + short-term investments | $803M | $1.03B | $1.05B | $964M | $867M | — |
| Total debt | $718M | $0K | — | — | — | — |
Fiscal years end Jan. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jul 31, 2026) (DOCU)
P/E 47.8x · P/S 4.7x · P/FCF 13.2x · P/B 9.2x · FCF yield 7.60% · Earnings yield 2.09% · Buyback yield (TTM) 7.02%
P/E at fiscal year-ends: Jan 2026 35.5x, Jan 2025 19.1x, Jan 2024 172.1x.
Superinvestors (SEC 13F-HR, Q2 2026) (DOCU)
1 of 80 tracked investors hold DOCU. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Richard Pzena | Pzena Investment Management | <0.01% | $200K | Unchanged |
Analysts (DOCU)
Consensus Hold (mean 2.80 on a 1–5 scale), 20 analysts; mean target USD 69.99 (low 46.89, high 86).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-04 | Piper Sandler | Target raised | Neutral | $52 → $75 |
| 2026-09-04 | Citigroup | Target raised | Neutral | $54 → $72 |
| 2026-09-04 | Morgan Stanley | Target raised | Equal-Weight | $69 → $75 |
| 2026-09-04 | B of A Securities | Target raised | Underperform | $58 → $64 |
| 2026-09-04 | Baird | Target raised | Neutral | $55 → $72 |
| 2026-09-04 | Wells Fargo | Target raised | Equal-Weight | $55 → $60 |
| 2026-09-04 | RBC Capital | Target raised | Sector Perform | $55 → $70 |
| 2026-09-04 | UBS | Target raised | Neutral | $54 → $70 |
| 2026-09-04 | Citizens | Reiterated | Market Outperform | $86 |
| 2026-09-04 | BTIG | Reiterated | Buy | $75 |
| 2026-09-04 | Needham | Reiterated | Hold | |
| 2026-09-02 | BTIG | Target raised | Buy | $60 → $75 |
Total return (dividends reinvested) (DOCU)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | +18.8% | -69.3% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +18.8% | -21.0% |
| Volatility (annualized) | 48.4% | 61.6% |
| Max drawdown | -42.9% (Oct 2025→Feb 2026) | -86.2% (Oct 2021→Oct 2023) |
DOCU revenue by product line (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Subscription and Circulation | $854.0M | 97.5% | +8.9% |
| Professional Services And Other | $21.8M | 2.5% | +34.1% |
| Total revenue | $875.7M | 100% | — |
DOCU revenue by region (quarter ended Jul 31, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| U.S. | $603.5M | 68.9% | +6.3% |
| International | $272.2M | 31.1% | +16.8% |
| Total revenue | $875.7M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
DOCU suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | Apple (AAPL) | “◦Core Value Propositions: Docusign is building IAM on the foundation created by our existing customer value propositions and benefits, including eSignature user simplicity, which has generated over 775,000 Apple App Store ratings with an average score of 4.9 out of 5; global footprint and adoption by customers in many jurisdictions that require different legal requirements to complete valid agreements; highly audi…” |
| Partner | Salesforce (CRM) | “Within our GTM strategy evolution, we are investing in deeper partner engagement across strategic technology partners like Microsoft, SAP, and Salesforce with whom we have both product integrations and co-selling relationships.” |
| Partner | Microsoft (MSFT) | “Within our GTM strategy evolution, we are investing in deeper partner engagement across strategic technology partners like Microsoft, SAP, and Salesforce with whom we have both product integrations and co-selling relationships.” |
| Partner | SAP (SAP) | “Within our GTM strategy evolution, we are investing in deeper partner engagement across strategic technology partners like Microsoft, SAP, and Salesforce with whom we have both product integrations and co-selling relationships.” |
| Partner | Alphabet (Google) (GOOGL) | “▪Global partners: We have partnerships with some of the world's foremost technology providers including Salesforce, Microsoft, SAP, Google, ServiceNow, and Workday—that help us sell into a far greater number of accounts than we could do alone.” |
| Partner | ServiceNow (NOW) | “▪Global partners: We have partnerships with some of the world's foremost technology providers including Salesforce, Microsoft, SAP, Google, ServiceNow, and Workday—that help us sell into a far greater number of accounts than we could do alone.” |
| Competitor | Adobe (ADBE) | “Our primary global competitor for eSignature is currently Adobe, which offers an electronic signature solution known as Adobe Acrobat Sign.” |
Quoted from the company's 10-K filed Mar 18, 2026.
DOCU company outlook (results filed Sep 3, 2026)
- “Guidance for Revenue, ARR and IAM's Percentage of Total ARR San Francisco – September 3, 2026 – Docusign, Inc.”
Quoted word-for-word from the SEC 8-K results press release.
DOCU analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Oct 2026) | $1.18 | $1.16 | +1.3% | $888.8M | 17 |
| Next quarter (ends Jan 2027) | $1.19 | $1.19 | +0.1% | $910.0M | 17 |
| Current fiscal year (ends Jan 2027) | $4.62 | $4.53 | +2.1% | $3.50B | 19 |
| Next fiscal year (ends Jan 2028) | $5.21 | $5.10 | +2.2% | $3.78B | 20 |
DOCU options: expected move
Options price a move of about ±15.0% (±$12.60) by Dec 4, 2026, which includes earnings on Dec 3, 2026; the earnings reaction alone is priced at about ±9.4%. Over the last 8 reports the stock moved ±10.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Oct 30, 2026 | 7 | 47.7% | ±5.7% |
| Nov 6, 2026 | 14 | 52.9% | ±8.6% |
| Nov 13, 2026 | 21 | 50.8% | ±10.0% |
| Nov 20, 2026 | 28 | 47.4% | ±10.7% |
| Nov 27, 2026 | 35 | 43.2% | ±10.8% |
| Dec 4, 2026 | 42 | 54.7% | ±15.0% |
| Dec 18, 2026 | 56 | 53.7% | ±17.0% |
| Jan 15, 2027 | 84 | 49.5% | ±19.2% |
30-day implied volatility 45.9% vs 40.4% realized over the last 30 trading days. Put/call ratio (volume) 0.64. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 09:16 UTC)
| Price | USD 84.41 |
|---|---|
| Change | ▲ 3.60% (up) |
| Previous Close | USD 81.48 |
| Open | USD 82.22 |
| Day Range | USD 81.68 – 85.36 |
| 52-Week Range | USD 40.16 – 85.36 |
| Volume | 3,614,775 shares |
| Market Cap | $15.78B |
| Exchange | NMS |
Technical Analysis (DOCU)
Nexqual's technical model rates DOCU "BUY" based on 5 bullish and 3 bearish signals across 127 daily candles, as of October 23, 2026 at 09:16 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 74.46 (overbought) |
| vs SMA50 | Above (USD 68.21) |
| MACD | 3.85 (positive) |
Analyst Ratings (DOCU)
Wall Street analysts rate DOCU "Hold" based on 20 analysts, with a mean price target of USD 69.99 (range USD 46.89–86), per Nexqual as of October 23, 2026 at 09:16 UTC.
| Consensus Rating | Hold |
|---|---|
| Analyst Count | 20 |
| Mean Target | USD 69.99 |
| High Target | USD 86 |
| Low Target | USD 46.89 |
| Buy / Hold / Sell | 4 / 15 / 1 |
Earnings (DOCU)
| Next Earnings Date | 2026-12-03 |
|---|---|
| EPS Estimate | USD 1.18 |
| Revenue Estimate | $888.83M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-07-31 | USD 1.16 vs est 1.09 ▲ beat |
| 2026-04-30 | USD 1.09 vs est 0.99 ▲ beat |
| 2026-01-31 | USD 1.01 vs est 0.95 ▲ beat |
| 2025-10-31 | USD 1.01 vs est 0.92 ▲ beat |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financials & Fundamentals (DOCU)
| Total Revenue | $3.36B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +9.40% |
| Gross Margin | +79.61% |
| Operating Margin | +13.43% |
| Profit Margin | +9.82% |
| ROE | +17.80% |
| Debt / Equity | 0.11 |
| Current Ratio | 0.64 |
| Total Cash | $777.68M |
| Total Debt | $183.10M |
| Free Cash Flow (last four quarters to Jul 2026, SEC 10-Q / 10-K) | $1.20B (35.7% of revenue) |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Financial Health Score (DOCU)
Nexqual rates DocuSign, Inc.'s overall financial health "Strong" across five dimensions, as of October 23, 2026 at 09:16 UTC.
| Growth | Solid — Revenue +8% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 80%, operating 13% (last 12 months) |
| Balance Sheet | Solid — $778M cash vs $183M debt, net cash position |
| Cash Flow | Strong — FCF $1.20B (last 4 quarters to Jul 2026, SEC), 36% margin |
| Efficiency | Solid — ROE 18%, ROA 6.4% |
Ownership (DOCU)
| Insider Ownership | +0.53% |
|---|---|
| Institutional Ownership | +95.63% |
| Shares Outstanding | 186.90M |
| Float | 185.76M |
| Short % of Float | +8.12% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
Leadership (DOCU)
DocuSign, Inc. is led by Allan C. Thygesen, President, CEO & Director, per Nexqual as of October 23, 2026 at 09:16 UTC.
| President, CEO & Director | Allan C. Thygesen |
|---|---|
| President & GM of Growth | Robert Chatwani |
| President & Chief Revenue Officer | Paula Hansen |
| Executive VP & CFO | Blake Jeffrey Grayson |
| Chief Operating Officer | Anwar Akram |
Major Backers & Investors (DOCU)
Notable institutional backers of DocuSign, Inc. include AQR Capital Management, LLC, Capital Group, Ameriprise Financial, Inc., according to Nexqual as of October 23, 2026 at 09:16 UTC.
Active Investors
| Investor | Stake |
|---|---|
| AQR Capital Management, LLC | 4.8% |
| Capital Group | 3.78% |
| Ameriprise Financial, Inc. | 3.3% |
| Arrowstreet Capital, Limited Partnership | 2.99% |
| Growth Fund of America | 2.18% |
| Federated Hermes, Inc. | 1.78% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| BlackRock | 11.17% |
| Vanguard Group | 10.89% |
| State Street | 3.36% |
| Geode Capital | 2.2% |
Source: Nexqual, October 23, 2026 at 09:16 UTC.
From DocuSign, Inc.'s Latest SEC 10-K Filing (filed 2026-03-18)
Key Strengths & Strategy (as disclosed to the SEC)
- We operate co-location data centers in several locations, and we also leverage public cloud infrastructure for an increasing number of services, as we continue to migrate our production services from our data center hosting facilities to Microsoft Azure Cloud, a third-party cloud provider.
- Partner Channel: ▪Global partners: We have partnerships with some of the world's foremost technology providers including Salesforce, Microsoft, SAP, Google, ServiceNow, and Workday—that help us sell into a far greater number of accounts than we could do alone.
- As of January 31, 2026, over 1.8 million customers and more than a billion users worldwide utilize Docusign to accelerate and simplify the process of doing business, and more than 25,000 customers are on IAM today.
- As of January 31, 2026, we had a total of over 1.8 million customers, including approximately 280,000 direct enterprise and commercial customers managed through our sales force and partner channels, compared to nearly 1.7 million customers and over 260,000 direct enterprise and commercial customers as of January 31, 2025.
Partnerships
- With the launch of IAM, we are focused on delivering greater value to customers through a complete end-to-end agreement management system of record.
- Docusign enables businesses to address each aspect of the agreement process with our product offerings, which are tailored for each step in the agreement lifecycle and, in some cases, for particular market segments, industries or geographic regions.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to laws and regulations affecting our business, including those related to e-signature, marketing, advertising, privacy, data protection and information security. Our actual or perceived failure to comply with laws or regulations could harm our business.
- We could incur substantial costs in protecting or defending our proprietary rights, and any failure to adequately protect our rights could impair our competitive position and we may lose valuable assets, experience reduced revenue and incur costly litigation to protect our rights.
- We use open source software in our products, which could subject us to litigation or other actions.
- Changes in tax laws, rulings and interpretations may subject us to potential adverse tax consequences, which could negatively affect our financial position and results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
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|---|---|---|---|
| TYL | Tyler Technologies, Inc. | USD 392.45 | ▲ 4.44% |
| GWRE | Guidewire Software, Inc. | USD 189.64 | ▲ 4.26% |
| MANH | Manhattan Associates, Inc. | USD 242.17 | ▲ 2.69% |
| FICO | Fair Isaac Corporation | USD 823.27 | ▲ 3.53% |
| HUBS | HubSpot, Inc. | USD 267.19 | ▲ 6.92% |
| U | Unity Software Inc. | USD 40.27 | ▼ 2.28% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 09:16 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt