DocuSign (DOCU) Margins & Profitability 2020-2026

Gross, EBITDA, operating, and net margin trends

Margins

Profit margins across the income statement

Gross Margin: 79.4%
EBITDA Margin: 17.3%
Op. Margin: 13.4%
Net Margin: 9.4%

Op. margin of 13.4% is up 5.5% YoY — cost efficiency is improving. Net margin at 9.4% and gross margin of 79.4% — earnings take a bigger bite when COGS stays lean..

Gross Margin (%)

Revenue left after direct cost of goods sold

EBITDA Margin (%)

Operating profitability independent of capital structure

Operating & Net Margins (%)

How much of each dollar becomes profit