VRSN

MKT CAP:$24B

VeriSign, Inc.

Market Cap

$24B

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

Technology·Software Infra·🇺🇸·NASDAQ

Stock Price

$269.83+$29.30 (+12.18%)

Apr 22, 2026

Company Details

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 enables the security, stability, and resil...

CEO

D. James Bidzos

IPO Date

Jan 30, 1998

Website

www.verisign.com

Key Metrics TTM

Revenue

$1.7B

+6.8% YoY

Net Income

$841M

EPS (Diluted)

$9.05

Free Cash Flow

$1.0B

Revenue / Share

$18.34

Gross Margin

88.3%

Operating Margin

67.9%

Net Margin

50.0%

FCF Margin

62.3%

P/S

14.4x

P/E

28.8x

Earnings Reports

Q1 2026

Apr 23, 2026

NEW

$429M+6.6%EPS $2.34

FY 2025

Feb 5, 2026

$1.7B+6.4%EPS $8.81

Q4 2025

Feb 5, 2026

$425M+7.6%EPS $2.23

Q3 2025

Oct 23, 2025

$419M+7.3%EPS $2.27

Q2 2025

Jul 24, 2025

$410M+5.9%EPS $2.21

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$352M	$302M	$236M
Q3 22	$357M	$307M	$237M
Q4 22	$369M	$319M	$246M
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
Q1 26	$429M	$380M	$294M

Valuation

Quarter	P/S	P/E
Q2 22	17.6x	29.9x
Q3 22	17.4x	29.4x
Q4 22	17.0x	36.0x
Q1 23	16.8x	34.9x
Q2 23	16.6x	34.0x
Q3 23	16.3x	33.1x
Q4 23	16.2x	29.6x
Q1 24	16.0x	29.1x
Q2 24	15.9x	28.6x
Q3 24	15.7x	28.2x
Q4 24	15.6x	30.8x
Q1 25	15.4x	30.6x
Q2 25	15.2x	30.3x
Q3 25	14.9x	29.9x
Q4 25	14.6x	29.3x
Q1 26	14.4x	28.8x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$145M	$139M
Q3 22	$262M	$255M
Q4 22	$217M	$209M
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
Q1 26	$272M	$265M

Capital Expenditures

Quarter	CapEx
Q2 22	$6M
Q3 22	$7M
Q4 22	$8M
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
Q1 26	$7M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+6.8%	-0.5%
Q3 22	+6.8%	+6.3%
Q4 22	+8.5%	+4.7%
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%
Q1 26	+6.6%	+3.2%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$14M	3.9%
Q3 22	$16M	4.6%
Q4 22	$14M	3.9%
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%
Q1 26	$19M	4.5%

OpEx Breakdown

Quarter	R&D	SG&A
Q2 22	$20M	$46M
Q3 22	$21M	$49M
Q4 22	$22M	$52M
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
Q1 26	$28M	$59M

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 22	6.8%	70.9%	77.7
Q3 22	6.8%	70.9%	77.7
Q4 22	8.5%	71.2%	79.7
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
Q1 26	6.6%	68.5%	75.1

Rule of 40

Revenue by Geography

Quarter	China	Emea	Other	United States	Asia Pacific
Q2 22	$27M	$56M	$38M	$231M	—
Q3 22	$27M	$55M	$39M	$236M	—
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
Q2 22	$606M	$391M	$997M
Q3 22	$561M	$420M	$980M
Q4 22	$374M	$607M	$980M
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
Q1 26	$477M	$80M	$556M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	109M	-1.4%	-3.3%
Q3 22	107M	-1.6%	-4.2%
Q4 22	106M	-1.1%	-4.7%
Q1 23	105M	-0.8%	-4.8%
Q2 23	104M	-1.0%	-4.4%
Q3 23	103M	-1.0%	-3.8%
Q4 23	102M	-1.0%	-3.7%
Q1 24	101M	-1.1%	-3.9%
Q2 24	99M	-1.9%	-4.8%
Q3 24	97M	-1.7%	-5.5%
Q4 24	96M	-1.6%	-6.2%
Q1 25	95M	-0.9%	-6.0%
Q2 25	94M	-0.8%	-5.1%
Q3 25	94M	-0.4%	-3.8%
Q4 25	93M	-1.1%	-3.2%
Q1 26	92M	-0.9%	-3.2%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$389.3K	904
Q3 22	$394.8K	904
Q4 22	$402.6K	917
Q1 23	$397.4K	917
Q2 23	$405.7K	917
Q3 23	$410.4K	917
Q4 23	$418.9K	908
Q1 24	$423.2K	908
Q2 24	$426.3K	908
Q3 24	$430.2K	908
Q4 24	$424.2K	932
Q1 25	$431.7K	932
Q2 25	$439.8K	932
Q3 25	$449.7K	932
Q4 25	$458.3K	928
Q1 26	$462.2K	928

Revenue / Employee