DocuSign Inc (DOCU)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	247,985	209,794	174,054	124,642	93,677	69,373	5,472	-58,722	-89,875	-124,727	-102,436	-86,060	-66,907	-101,044	-151,818	-190,235	-229,534	-212,185	-201,233	-204,905
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
Pretax margin		8.33%	7.21%	6.10%	4.44%	3.40%	2.57%	0.21%	-2.27%	-3.58%	-5.13%	-4.39%	-3.88%	-3.18%	-5.28%	-8.71%	-12.13%	-16.51%	-16.77%	-17.77%	-19.96%

January 31, 2025 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $247,985K ÷ $2,976,595K
= 8.33%

DocuSign Inc's pretax margin shows a notable improvement over the reported periods, starting from negative percentages and gradually increasing to positive territory. The trend indicates an enhancement in the company's operational efficiency and profitability, reflecting a more effective management of expenses relative to its revenue. Specifically, the pretax margin moved from negative figures of around -20% to positive figures of about 8% by January 31, 2025. This positive momentum suggests that DocuSign Inc has successfully managed its costs and operations to generate higher earnings before taxes. Overall, the uptrend in pretax margin portrays a favorable financial performance and implies improved business stability and potential for sustainable growth in the future.