VeriSign, Inc.

VRSN · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997
Valuation
Market cap	$22,521	$19,889	$21,029	$21,780	$28,194	$24,037	$21,403	$16,472	$12,712	$8,450	$9,704	$7,222	$8,644	$6,093	$5,908	$5,800	$4,650	$3,763	$8,940	$5,878	$5,636	$8,418	$3,530	$1,897	$7,740	$11,809	$19,195	$1,234	$529
Enterprise value	$23,739	$21,090	$21,900	$22,595	$28,776	$24,666	$21,977	$16,987	$12,707	$8,519	$9,658	$7,159	$8,294	$5,234	$5,252	$4,321	$3,796	$4,284	$8,883	$5,425	$4,961	$7,843	$2,835	$1,493	$7,014	$10,782	$19,039	$1,212	$528
P/E (TTM) at period end	27.28×	25.31×	25.72×	32.32×	35.92×	29.50×	34.95×	28.28×	27.80×	19.18×	25.86×	20.33×	15.88×	19.04×	41.35×	6.98×	18.94×	–	–	15.51×	13.87×	45.20×	–	–	–	–	4853.45×	–	–
P/S (TTM) at period end	13.59×	12.77×	14.08×	15.29×	21.24×	19.00×	17.38×	13.56×	10.91×	7.40×	9.16×	7.15×	8.96×	6.97×	7.65×	8.52×	7.55×	6.73×	10.51×	3.73×	3.50×	7.22×	3.35×	1.55×	7.87×	24.87×	226.42×	31.72×	56.32×
P/B at period end	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	8.57×	7.77×	7.26×	5.97×	2.47×	2.79×	4.97×	2.55×	1.20×	1.19×	0.64×	64.34×	30.32×	39.21×
EV / EBITDA (TTM)	20.60×	19.26×	20.96×	22.82×	31.46×	28.33×	25.78×	20.82×	16.77×	11.44×	14.47×	11.40×	14.08×	10.22×	13.64×	14.65×	16.22×	55.71×	–	16.57×	12.60×	26.15×	12.37×	6.86×	31.10×	149.30×	9092.19×	–	–
EV / Sales (TTM)	14.33×	13.54×	14.67×	15.86×	21.68×	19.50×	17.84×	13.98×	10.91×	7.46×	9.12×	7.09×	8.59×	5.99×	6.80×	6.35×	6.16×	7.67×	10.44×	3.44×	3.08×	6.72×	2.69×	1.22×	7.13×	22.71×	224.58×	31.16×	56.13×
Returns
Return on equity	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	122.8%	41.0%	(72.2%)	(10.0%)	15.9%	20.1%	11.0%	(18.8%)	(314.1%)	(205.3%)	(16.9%)	1.3%	(48.4%)	(142.2%)
Return on invested capital	–	–	–	–	284.9%	21418.9%	–	1453.4%	79.0%	119.8%	81.7%	145.2%	86.4%	62.1%	–	–	–	(2.6%)	(12.1%)	4.5%	6.5%	7.5%	(22.4%)	(370.2%)	(215.0%)	(17.3%)	(1.5%)	(103.2%)	(161.0%)
Dividend yield	1.0%	–	–	–	–	–	–	–	–	–	–	–	–	–	7.8%	8.9%	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	0.49×	0.43×	0.83×	0.93×	1.18×	1.23×	1.32×	1.39×	1.57×	1.21×	1.31×	1.03×	0.89×	2.36×	2.20×	3.34×	1.93×	1.66×	1.85×	0.98×	1.31×	1.44×	1.59×	0.91×	1.31×	1.78×	4.28×	2.38×	1.54×
Debt / equity	(0.83×)	(0.92×)	(1.13×)	(1.14×)	(1.42×)	(1.29×)	(1.20×)	(1.29×)	(1.91×)	(1.56×)	(1.75×)	(1.54×)	(1.47×)	(10.73×)	(1.13×)	0.86×	0.96×	2.43×	0.85×	0.08×	–	–	–	–	–	–	–	–	–
Effective tax rate	22.7%	23.1%	16.3%	23.4%	(0.3%)	(8.6%)	19.3%	20.2%	23.7%	24.2%	23.1%	26.5%	(19.2%)	24.3%	28.4%	26.6%	26.4%	(51.4%)	2.5%	(176.5%)	43.0%	12.9%	(9.9%)	(0.2%)	0.6%	1.0%	–	(1.0%)	(1.0%)
Share count
Diluted shares outstanding	94	98	104	108	112	115	119	123	124	129	133	141	156	164	167	179	193	201	238	247	264	255	217	237	203	159	115	83	83

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997
Revenue and gross profit
Revenue	$1,732	$1,657	$1,557	$1,493	$1,425	$1,328	$1,265	$1,232	$1,215	$1,165	$1,142	$1,059	$1,010	$965	$874	$772	$681	$616	$559	$851	$1,575	$1,609	$1,166	$1,055	$1,222	$984	$475	$85	$39	$9
Cost of revenue	($198)	($196)	($191)	($197)	($201)	($192)	($180)	($180)	($192)	($193)	($198)	($193)	($188)	($187)	($168)	($165)	($157)	($167)	($161)	($240)	($581)	($512)	($445)	($446)	($571)	($344)	($133)	($26)	($16)	($5)
Gross profit	$1,534	$1,460	$1,366	$1,296	$1,224	$1,136	$1,085	$1,051	$1,023	$972	$944	$867	$822	$778	$706	$607	$524	$449	$398	$610	$995	$1,097	$722	$609	$650	$640	$341	$58	$23	$4
Operating expenses
Research and development	($108)	($104)	($97)	($91)	($86)	($80)	($75)	($61)	($58)	($52)	($59)	($64)	($68)	($70)	($62)	($53)	($54)	($52)	($62)	($94)	($129)	($95)	($67)	($56)	($48)	($78)	($41)	($13)	($8)	($5)
Selling, general and administrative	($255)	($236)	($211)	($204)	($195)	($148)	($149)	($138)	($133)	($130)	($118)	($107)	($97)	($90)	($89)	($111)	($138)	($147)	($169)	($248)	($634)	($675)	($418)	($364)	($420)	($403)	($228)	($43)	($31)	($15)
Total operating expenses	($363)	($339)	($308)	($295)	($281)	($269)	($261)	($245)	($255)	($264)	($257)	($261)	($257)	($250)	($249)	($277)	($292)	($289)	($424)	($842)	($899)	($901)	($590)	($837)	($5,452)	($14,051)	($3,488)	($62)	($43)	($23)
Total costs and expenses	($561)	($536)	($499)	($492)	($482)	($461)	($441)	($426)	($448)	($457)	($456)	($453)	($446)	($437)	($416)	($443)	($448)	($456)	($585)	($1,082)	($1,479)	($1,413)	($1,035)	($1,283)	($6,023)	($14,394)	($3,621)	($88)	($58)	($28)
Operating income	$1,171	$1,121	$1,058	$1,001	$943	$867	$824	$806	$767	$708	$687	$606	$564	$528	$457	$329	$232	$160	($26)	($232)	$96	$196	$132	($228)	($4,802)	($13,411)	($3,146)	($3)	($20)	($19)
Earnings
EBITDA	–	$1,152	$1,095	$1,045	$990	$915	$871	$852	$816	$758	$745	$667	$628	$589	$512	$385	$295	$234	$77	($117)	$327	$394	$300	$229	$218	$225	$72	$2	($16)	($16)
Interest income	–	$26	$37	$46	$15	$1	$8	$27	$26	$18	$6	$2	$1	$2	$3	$5	$8	$4	$15	–	–	–	$10	–	–	–	–	$7	–	–
Interest expense	($36)	($77)	($75)	($75)	($75)	($83)	($90)	($91)	($115)	($136)	($116)	($108)	($86)	($75)	($50)	($147)	($158)	($47)	($44)	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,112	$1,068	$1,022	$976	$880	$782	$750	$759	$730	$599	$581	$488	$483	$457	$413	$194	$95	$125	$23	($137)	$137	$243	$214	($237)	($4,951)	($13,434)	($3,167)	$4	($21)	($21)
Income tax expense	($128)	($243)	($236)	($159)	($206)	$3	$65	($146)	($147)	($142)	($141)	($112)	($128)	$88	($100)	($55)	($25)	($33)	$12	$3	$241	($105)	($28)	($23)	($10)	$78	$31	–	($0)	($0)
Net income	$850	$826	$786	$818	$674	$785	$815	$612	$582	$457	$441	$375	$355	$544	$320	$143	$831	$246	($374)	($150)	$379	$406	$186	($260)	($4,961)	($13,356)	($3,115)	$4	($20)	($19)
Per share
Diluted EPS (GAAP)	$9.30	$8.81	$8.00	$7.90	$6.24	$7.00	$7.07	$5.15	$4.75	$3.68	$3.42	$2.82	$2.52	$3.49	$1.95	$0.86	$4.64	$1.28	($1.87)	($0.63)	$1.53	$1.63	$0.60	($1.20)	($20.97)	($65.64)	($19.57)	$0.03	($0.24)	($0.23)
Basic EPS (GAAP)	$9.31	$8.83	$8.01	$7.91	$6.24	$7.01	$7.08	$5.17	$5.13	$4.56	$4.12	$3.29	$2.80	$3.77	$2.04	$0.87	$4.68	$1.28	($1.90)	($0.63)	$1.55	$1.67	$0.61	($1.20)	($20.97)	($65.64)	($19.57)	$0.04	($0.24)	($0.23)
Basic shares outstanding	91	94	98	103	108	112	115	119	113	100	107	114	127	145	157	165	178	192	197	238	244	257	251	217	237	203	159	101	83	83
Margins
Gross margin	88.6%	88.2%	87.7%	86.8%	85.9%	85.5%	85.8%	85.3%	84.2%	83.4%	82.6%	81.8%	81.3%	80.6%	80.8%	78.6%	77.0%	72.9%	71.2%	71.8%	63.1%	68.2%	61.9%	57.7%	53.2%	65.1%	71.9%	68.7%	60.2%	44.7%
Operating margin	67.6%	67.7%	67.9%	67.0%	66.2%	65.3%	65.1%	65.5%	63.2%	60.7%	60.1%	57.2%	55.9%	54.7%	52.4%	42.7%	34.1%	26.0%	(4.7%)	(27.2%)	6.1%	12.2%	11.3%	(21.6%)	(393.0%)	(1363.5%)	(662.7%)	(3.9%)	(50.1%)	(202.1%)
Net margin	49.1%	49.8%	50.4%	54.8%	47.3%	59.1%	64.4%	49.7%	47.9%	39.2%	38.6%	35.4%	35.2%	56.4%	36.6%	18.5%	122.1%	39.9%	(67.0%)	(17.7%)	24.1%	25.3%	16.0%	(24.6%)	(406.1%)	(1357.9%)	(656.2%)	4.7%	(50.6%)	(204.3%)

Analyst consensus

Buy15 analysts

Bearish · 1 · Hold · 5 · Bullish · 9

Earnings history

	EPS	Estimate
Q4 2024	$2.00	$2.00	Match
Q1 2025	$2.10	$2.11	Miss
Q2 2025	$2.21	$2.20	Beat
Q3 2025	$2.27	$2.25	Beat
Q4 2025	$2.23	$2.35	Miss
Q1 2026	$2.34	$2.30	Beat
Q2 2026	$2.38	$2.42	Miss
Q3 2026	$2.41	$2.46	Miss

Peers

Company overview

IPO dateJan 30, 1998

CEOD. James Bidzos

Employees927

SectorTechnology

IndustrySoftware - Infrastructure

CountryUS

ExchangeNASDAQ Global Select

Websitewww.verisign.com

VeriSign, Inc., along with its affiliates, provides fundamental internet infrastructure and domain name registration services, which enable global web navigation across numerous recognized online addresses. The company plays a crucial role in upholding the security, stability, and resilience of internet systems and services. This includes its function as the root zone maintainer, operating two of the thirteen internet root servers globally, and delivering essential registration and authoritative lookup services for the widely used .com and .net domains, which are vital for worldwide online commerce. Beyond these, VeriSign also manages the underlying technical systems for several other top-level domains, such as .cc, .gov, .edu, and .name. Its operational scope further encompasses distributed server management, network infrastructure, cybersecurity, and ensuring data integrity. Established in 1995, VeriSign, Inc. maintains its corporate headquarters in Reston, Virginia.

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