DocuSign Inc (DOCU)

Operating 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
Operating income (ttm)	US$ in thousands	199,928	149,394	110,102	58,913	31,634	21,415	-25,754	-73,456	-88,031	-112,925	-88,852	-70,373	-61,884	-61,603	-106,715	-142,739	-173,855	-191,311	-186,838	-192,925
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
Operating profit margin		6.72%	5.13%	3.86%	2.10%	1.15%	0.79%	-0.97%	-2.85%	-3.51%	-4.65%	-3.81%	-3.17%	-2.95%	-3.22%	-6.12%	-9.10%	-12.50%	-15.12%	-16.50%	-18.80%

January 31, 2025 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $199,928K ÷ $2,976,595K
= 6.72%

DocuSign Inc's operating profit margin has shown a consistent improvement over the past few years, starting at a negative 18.80% on April 30, 2020, and steadily increasing to a positive 6.72% on January 31, 2025. This trend indicates the company has been able to enhance its operational efficiency and effectively control its operating expenses relative to its revenue generation.

The significant reduction in the negative operating profit margin from April 2020 to January 2025 reflects the company's efforts to optimize its cost structure and improve its profitability. The consistent positive growth in the operating profit margin demonstrates DocuSign's ability to generate more profit from its operations over time.

Overall, the positive trajectory of DocuSign's operating profit margin suggests that the company has been successful in managing its operating costs and improving its operational performance, which bodes well for its financial health and sustainability in the long run.