VRSN (VeriSign, Inc.) Stock Financials & Earnings

VRSNVeriSign, Inc.

Mkt Cap$22B

Technology·Software - Infrastructure·🇺🇸 United States·NASDAQ

Revenue (TTM)$1.7B

Net Income (TTM)$826M

EPS (TTM)$8.81

Free Cash Flow (TTM)$1.1B

Gross Margin88.2%

Op. Margin67.7%

Net Margin49.8%

FCF Margin64.5%

P/S Ratio (TTM)13.5x

P/E Ratio (TTM)27.1x

YoY Rev Growth+6.4%

Employees—

Earnings Reports

▶Q4 2025

VeriSign, Inc., together with its subsidiaries, provides domain name registry services and internet infrastructure that enables internet navigation for various recognized domain names worldwide. It en...

CEO D. James BidzosIPO Jan 30, 1998www.verisign.com

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$364M	$315M	$241M
Q2 23	$372M	$322M	$249M
Q3 23	$376M	$328M	$254M
Q4 23	$380M	$332M	$256M
Q1 24	$384M	$335M	$259M
Q2 24	$387M	$340M	$266M
Q3 24	$391M	$344M	$269M
Q4 24	$395M	$347M	$264M
Q1 25	$402M	$353M	$271M
Q2 25	$410M	$361M	$281M
Q3 25	$419M	$370M	$284M
Q4 25	$425M	$376M	$285M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	15.4x	31.9x
Q2 23	15.7x	32.2x
Q3 23	13.9x	28.1x
Q4 23	13.4x	24.5x
Q1 24	12.4x	22.5x
Q2 24	11.2x	20.2x
Q3 24	11.8x	21.1x
Q4 24	12.6x	25.0x
Q1 25	15.1x	30.1x
Q2 25	16.9x	33.7x
Q3 25	16.3x	32.7x
Q4 25	13.8x	27.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$259M	$253M
Q2 23	$145M	$139M
Q3 23	$245M	$217M
Q4 23	$204M	$199M
Q1 24	$257M	$254M
Q2 24	$160M	$151M
Q3 24	$253M	$248M
Q4 24	$232M	$222M
Q1 25	$291M	$286M
Q2 25	$203M	$195M
Q3 25	$308M	$303M
Q4 25	$290M	$285M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$6M
Q2 23	$7M
Q3 23	$29M
Q4 23	$5M
Q1 24	$4M
Q2 24	$9M
Q3 24	$6M
Q4 24	$10M
Q1 25	$6M
Q2 25	$8M
Q3 25	$5M
Q4 25	$5M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+5.0%	+0.8%
Q2 23	+5.7%	+6.4%
Q3 23	+5.4%	+1.6%
Q4 23	+3.0%	+0.3%
Q1 24	+5.5%	+1.9%
Q2 24	+4.1%	-1.9%
Q3 24	+3.8%	-0.6%
Q4 24	+3.9%	+6.0%
Q1 25	+4.7%	+4.5%
Q2 25	+5.9%	+6.9%
Q3 25	+7.3%	+11.1%
Q4 25	+7.6%	+6.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$14M	3.8%
Q2 23	$16M	4.2%
Q3 23	$16M	4.1%
Q4 23	$15M	3.9%
Q1 24	$15M	3.9%
Q2 24	$14M	3.7%
Q3 24	$16M	4.0%
Q4 24	$16M	4.0%
Q1 25	$18M	4.3%
Q2 25	$16M	3.9%
Q3 25	$19M	4.4%
Q4 25	-$52M	-12.2%

OpEx Breakdown

Quarter	R&D	SG&A
Q1 23	$24M	$49M
Q2 23	$22M	$51M
Q3 23	$22M	$52M
Q4 23	$23M	$53M
Q1 24	$25M	$52M
Q2 24	$24M	$50M
Q3 24	$23M	$51M
Q4 24	$25M	$58M
Q1 25	$26M	$56M
Q2 25	$26M	$54M
Q3 25	$25M	$61M
Q4 25	$27M	$65M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	5.0%	72.5%	77.5
Q2 23	5.7%	73.3%	79.0
Q3 23	5.4%	73.9%	79.4
Q4 23	3.0%	73.8%	76.9
Q1 24	5.5%	73.5%	79.0
Q2 24	4.1%	74.1%	78.2
Q3 24	3.8%	73.9%	77.7
Q4 24	3.9%	69.7%	73.7
Q1 25	4.7%	71.5%	76.2
Q2 25	5.9%	71.8%	77.7
Q3 25	7.3%	71.1%	78.4
Q4 25	7.6%	68.5%	76.1

Revenue by Geography

Quarter	China	Emea	Other	United States	Asia Pacific
Q1 23	$25M	$55M	$42M	$243M	—
Q2 23	$24M	$57M	$44M	$248M	—
Q3 23	$22M	$58M	$46M	$251M	—
Q1 24	$21M	$60M	$48M	$255M	—
Q2 24	$20M	$62M	$48M	$258M	—
Q3 24	$20M	$63M	$48M	$260M	—
Q1 25	—	$67M	$25M	$266M	$44M
Q2 25	—	$69M	$25M	$271M	$46M
Q3 25	—	$71M	$25M	$276M	$47M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$820M	$195M	$1.0B
Q2 23	$344M	$592M	$936M
Q3 23	$158M	$786M	$944M
Q4 23	$240M	$686M	$926M
Q1 24	$732M	$193M	$925M
Q2 24	$252M	$438M	$690M
Q3 24	$267M	$378M	$645M
Q4 24	$207M	$393M	$600M
Q1 25	$575M	$73M	$649M
Q2 25	$314M	$280M	$594M
Q3 25	$235M	$382M	$618M
Q4 25	$308M	$273M	$581M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	105M	-0.8%
Q2 23	104M	-1.0%
Q3 23	103M	-1.0%
Q4 23	102M	-1.0%
Q1 24	101M	-1.1%
Q2 24	99M	-1.9%
Q3 24	97M	-1.7%
Q4 24	96M	-1.6%
Q1 25	95M	-0.9%
Q2 25	94M	-0.8%
Q3 25	94M	-0.4%
Q4 25	93M	-1.1%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$952K	1K
FY 15	$1M	1K
FY 16	$1M	990
FY 17	$1M	952
FY 18	$1M	900
FY 19	$1M	872
FY 20	$1M	909
FY 21	$1M	904
FY 22	$2M	917
FY 23	$2M	908
FY 24	$2M	932
FY 25	$2M	928