DocuSign Inc (DOCU)

Net profit margin

		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024	Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020
Net income (ttm)	US$ in thousands	1,067,885	1,011,635	988,017	107,201	73,980	51,602	-17,069	-69,542	-97,454	-132,762	-108,572	-88,995	-69,976	-111,943	-164,758	-203,817	-243,267	-218,262	-206,369	-210,441
Revenue (ttm)	US$ in thousands	2,976,595	2,911,020	2,855,044	2,805,112	2,755,038	2,702,285	2,647,448	2,581,905	2,509,526	2,430,813	2,330,784	2,220,407	2,100,770	1,912,819	1,743,995	1,568,345	1,390,396	1,265,570	1,132,554	1,026,368
Net profit margin		35.88%	34.75%	34.61%	3.82%	2.69%	1.91%	-0.64%	-2.69%	-3.88%	-5.46%	-4.66%	-4.01%	-3.33%	-5.85%	-9.45%	-13.00%	-17.50%	-17.25%	-18.22%	-20.50%

January 31, 2025 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,067,885K ÷ $2,976,595K
= 35.88%

The net profit margin of DocuSign Inc has shown a consistent improvement over the analyzed period, starting with a negative margin of around -20.50% in April 2020 and gradually increasing to reach a positive margin of around 35.88% in January 2025. Initially, the company was incurring significant losses relative to its revenues, but through effective cost management and revenue growth strategies, DocuSign managed to enhance its profitability significantly. This upward trend indicates the company's ability to generate more profit from each dollar of revenue, which is a positive sign for investors and stakeholders. Overall, the improving net profit margin demonstrates DocuSign's strengthening financial performance and potential for sustainable growth in the future.