DocuSign Q4 EPS of $1.01, Revenue $836.9M, Adds $2B to Buyback
DocuSign reported fourth-quarter adjusted EPS of $1.01, surpassing estimates by $0.06, and delivered $836.9 million in revenue, up 8% year-over-year. The AI-native IAM platform accounted for over $350 million in ARR and 10.8% of ARR as the company guided fiscal 2027 revenue to $3.48–3.50 billion and expanded its buyback by $2.0 billion.
1. Fourth-Quarter Financial Results
DocuSign reported adjusted earnings per share of $1.01, beating estimates by $0.06, and posted revenue of $836.9 million, up 8% year-over-year. Subscription revenue reached $819.0 million and billings rose 10% to $1.0 billion, while shares gained 1.2% in after-hours trading.
2. AI-Native IAM Platform Growth
The Intelligent Agreement Management platform generated over $350 million in annual recurring revenue and accounted for 10.8% of ARR, up from 2.3% a year earlier. CEO Allan Thygesen highlighted the platform’s market leadership as a key growth driver across enterprise and mid-market customers.
3. Cash Flow and Share Repurchases
Free cash flow climbed to $350.2 million from $279.6 million a year ago, enabling the company to repurchase $269.1 million of common stock, up from $161.7 million. The Board authorized an additional $2.0 billion for the share buyback program, bringing total remaining authorization to $2.6 billion.
4. Fiscal 2027 Outlook
For fiscal 2027, DocuSign issued revenue guidance of $3.48 billion to $3.50 billion, above the $3.42 billion consensus, and forecast first-quarter revenue of $822 million to $826 million, implying 8% year-over-year growth at the midpoint.