Docusign Q1 Revenue Rises 9% to $830.2M as IAM ARR Hits 12.6%
DOCU•Docusign reported Q1 fiscal 2027 revenue of $830.2 million, up 9% year-over-year including a 1.6% forex tailwind, with non-GAAP EPS rising to $1.09. Free cash flow reached $289.4 million and the company repurchased $317.5 million of stock, while IAM subscriptions climbed to 12.6% of ARR.
1. Q1 Financial Results
Docusign delivered Q1 fiscal 2027 revenue of $830.2 million, representing a 9% increase year-over-year including a 1.6% benefit from foreign exchange. GAAP net income per diluted share rose to $0.40, while non-GAAP EPS climbed to $1.09, up from $0.90 a year earlier.
2. Cash Flow and Share Repurchases
Operating cash flow rose to $321.7 million and free cash flow reached $289.4 million, compared to $251.4 million and $227.8 million respectively in the prior year. The company repurchased $317.5 million of common stock, up from $183.4 million a year earlier, underscoring strong capital returns.
3. Expansion of IAM Platform
Intelligent Agreement Management subscriptions accounted for 12.6% of total ARR, up from 10.8% last quarter, driven by new Iris-powered assistants and agents that automate reviews and approvals. Docusign also expanded integrations with leading AI models and core business systems to streamline contract workflows.
4. Executive Appointment
Graham Sheldon was appointed Chief Product Officer, bringing leadership experience from UiPath and over two decades at Microsoft, where he oversaw product strategy for Teams. This move aims to bolster Docusign’s roadmap and AI-driven innovation.
