Docusign Inc ( DOCU ) delivered its fourth-quarter financial results on Tuesday after the market close. Here’s everything you need to know from the report.

Docusign ( DOCU ) stock is showing upward movement. Why is DOCU stock advancing?

Key Highlights From Q4

Docusign ( DOCU ) posted fourth-quarter revenue of $836.86 million, beating the consensus estimate of $827.84 million. The agreement management company reported adjusted earnings of $1.01 per share for the quarter, beating analyst estimates of 95 cents per share, according to Benzinga Pro.

Total revenue was up 8% year-over-year, driven by subscription revenue growth, which was up 8% year-over-year to $819 million. Professional services and other revenue decreased 3% year-over-year to $17.9 million.

Billings came in at approximately $1 billion, up 10% year-over-year. Net cash from operating activities totaled $377.2 million. The company generated free cash flow of $350.2 million in the quarter.

“Docusign’s AI-native IAM platform has established clear market leadership as the agreement system of action for companies of all sizes,” said Allan Thygesen, CEO of Docusign ( DOCU ). “In 2026, customers using IAM represented over $350 million in ARR, and Docusign ( DOCU ) reached record highs for operating margin and free cash flow.”

Docusign ( DOCU ) said it repurchased $269.1 million of its common stock during the fourth quarter. The company ended the period with approximately $1.1 billion in cash, cash equivalents and investments.

Docusign ( DOCU ) announced that its board authorized an increase of up to $2 billion to its existing buyback, bringing total authorized share repurchases up to $2.6 billion.

What’s Next For Docusign?

Docusign ( DOCU ) expects first-quarter revenue to be in the range of $822 million to $826 million versus estimates of $813.34 million. The company also introduced guidance for fiscal 2027. Docusign ( DOCU ) anticipates full-year revenue in the range of approximately $3.48 billion to $3.50 billion versus estimates of $3.42 billion.

Andreessen Horowitz general partner Brian Roberts has joined Docusign’s board. Roberts previously served as CFO of Splunk and Lyft and joined Andreessen Horowitz in 2024.

Docusign ( DOCU ) executives will discuss the quarter on an earnings call scheduled to start at 5 p.m. ET.

DOCU Shares Climb After Q4 Report

DOCU Price Action: Docusign ( DOCU ) shares were up 1.87% in after-hours, trading at $48.43 at the time of publication on Tuesday, according to Benzinga Pro.

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