Docusign Raises Share Buyback by $2B After 8% Revenue Growth
Docusign reported Q4 revenue of $836.9 million, up 8% year-over-year, with billings rising 10% to $1.0 billion and non-GAAP net income per diluted share of $1.01. It announced a $2.0 billion increase to its share repurchase program after delivering $350.2 million in free cash flow.
1. Q4 and Fiscal 2026 Financial Performance
Docusign reported Q4 revenue of $836.9 million, an 8% year-over-year increase, with subscription revenue of $819.0 million and billings of $1.0 billion, a 10% rise. For fiscal 2026, total revenue reached $3.2 billion, subscription revenue grew 9% to $3.2 billion, and ARR rose 8% to $3,272 million.
2. Share Repurchase Program Expansion
The board authorized a $2.0 billion increase to its share repurchase program, following $269.1 million of buybacks in Q4 and $869.1 million in fiscal 2026, to enhance shareholder returns and potential EPS accretion.
3. Intelligent Agreement Management Growth
Intelligent Agreement Management generated over $350 million in ARR during 2026, representing 10.8% of total ARR compared to 2.3% a year earlier, driven by adoption of AI-native features across the agreement lifecycle.
4. Cash Flow Strength and Profitability
Net cash provided by operations rose to $377.2 million from $307.9 million a year ago, while free cash flow increased to $350.2 million from $279.6 million. Cash, cash equivalents and investments totaled $1.1 billion at quarter end.