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Verisign Inc (VRSN) stock

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NASDAQ: VRSN Nasdaq Internet Services & Infrastructure Next results ~February 4, 2027

B+ Fundamentals grade

Verisign operates core internet infrastructure and domain name registry services. It runs the authoritative directory for the .com, .net and .name generic top-level domains, along with internationalised versions, the .cc country-code domain, and the back-end systems for .edu. It also serves as Root Zone Maintainer for the DNS and runs two of the thirteen global internet root servers, and maintains a Shared Registration System through which registrars add, transfer and delete domain names.

Its direct customers are registrars, who in turn set retail prices for the individuals and organisations registering names. Revenue comes from registration fees for domains, which may be registered for one to ten years; prices for .com, .net and .name are capped under its agreements with ICANN, while .cc and internationalised domains are not. It also earns a fee for the .edu back-end service.

Incorporated in Delaware in 1995 and based in Reston, Virginia, Verisign operates under registry agreements with ICANN and, for .com, a Cooperative Agreement with the US Department of Commerce. Its data centres in Virginia and Delaware, plus more than 200 points of presence worldwide, process hundreds of billions of transactions daily.

Based on Verisign Inc's 10-K filed February 5, 2026.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$250

Cash-flow model

Base case. Range ~$190–$330 across our lower- and higher-growth cases (0.9%–10.9% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 24% above our base value.

Price used: $308.40, November 2, 2026

Verisign Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Verisign files

10-Q filed October 22: Verisign

Revenue for the twelve months to September 2026 reached $1.73bn, up 6.5% on a year earlier and roughly matching the pace of a quarter ago. Free-cash-flow margin slipped to 59.1% from 61.8%. Over the same period the diluted share count fell 3.1%, lifting the value of each remaining share. Our model value is little changed at $246 a share, against a share price of $305, so the rating stays Hold. At that price, the model implies the market expects about 10.4% a year of cash-flow growth over five years. That is well ahead of the 5.5% a year revenue growth Verisign has actually delivered.

Source: 10-Q filed October 22, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Verisign stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.71bn, up 6.9% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin rose to 62.4% from 59.4% a year earlier. The diluted share count is down 3.2% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades A. It passes 1 of our 3 financial-health checks. Our cash-flow model value is $224 a share, against a share price of $306. At that price, our model says the market is pricing in about 11.9% a year of cash-flow growth for five years, faster than the 5.2% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 4, 2027 (estimated)

Verisign Inc's trailing-twelve-month revenue grew 6.5% year on year, with a free-cash-flow margin of 59.1%. Where it stands out: gross margin of 88.6% ranks 1 of 16 internet services & infrastructure companies we cover. Where it lags: long-term debt as % of assets of 139.5% ranks 25 of 25 internet services & infrastructure companies we cover.

Our discounted-cash-flow model values the business at ~$250 per share in the base case (~$190–$330 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Share count shrinking (buybacks): Diluted shares outstanding fell 3.1% year over year.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 67.6% of revenue is left as operating profit, against a median of -49.3% for internet services & infrastructure companies we cover.
  • Strong cash generation. 59.1% of revenue turned into free cash flow, against a median of 16.2% for internet services & infrastructure companies we cover.
  • Shrinking share count. Diluted shares fell 3.1% in a year, so each share owns more of the business.

Things to watch

  • Below peers: long-term debt as % of assets. Long-term debt as % of assets of 139.5% ranks 25 of 25 internet services & infrastructure companies we cover (median 20.2%).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 22, 2026
Earnings per share
$2.35 against an average estimate of $2.42: missed by 2.7%
Revenue
$443m, up 5.7% on a year earlier
Share reaction
-2.3% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Next report
October 22, 2026; average EPS estimate $2.43

Verisign's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.4%
  • 1 week-0.1%
  • 1 month+7.0%
  • This year+28.1%
  • 1 year+30.2%
  • 5 years+38.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.7B
Operating margin
67.6%
Net margin
49.1%
EPS (TTM, diluted)
$9.28

Growth

Revenue growth
+6.5%
Change in growth rate
−0.4 pts
Share count change
−3.1%

Cash

Free cash flow (TTM)
$1B
FCF margin
59.1%
Stock pay % of revenue
4.4%

Earnings

Last results
October 22, 2026
Next results (est.)
February 4, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Insider trade
  2. Our research
  3. Results
  4. Insider trade
  5. Announcement
  6. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Verisign Inc valuation models and calculator

What the price is pricing in

The share price implies about 10.4% a year of cash-flow growth for five years.That is close to the 5.5% a year revenue growth Verisign has delivered.

  • Priced in10.4%
  • Last 12 months6.5%
  • 3 years a year5.3%
  • 5 years a year5.5%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($307.06, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$250
Price used
$307.06close November 3, 2026
Implied change
▼ 19%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Verisign Inc's free cash flow after stock-based pay with after-tax interest added back ($1B, FY2026 Q3 TTM), growing 8.2% and 7.1% in the next two years (forecasts, guidance and its record), then back to 5.9% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$190–~$330 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Verisign Inc's free cash flow after stock-based pay ( $1B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Verisign Inc as an operating company, with every model that fits that kind of business. Cost of equity 9%: the 10-year Treasury yield (4.9%) plus a beta of 0.9 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$250 ~$190–$330 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$160 ~$130–$320 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. — Does not apply: book value or earnings not available
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$220 ~$160–$250 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Verisign Inc with Internet Services & Infrastructure in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −24%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −2%
  • Last year's free-cash-flow margin change, if it persists ▼ −4%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $168$226$303$404$536$707
8.5% $130$172$227$300$394$515
10% $107$139$182$237$309$401

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$85.80$74.71$112.40$145.65$189.25$212.54$249.30$201.78$202.29$203.27$240.70$308.40
Market value$11.4bn$9.6bn$14.0bn$17.9bn$22.5bn$24.5bn$28.0bn$21.8bn$20.9bn$20.0bn$22.6bn$28.2bn
+ Net debt (− = net cash)$406m$398m$162m−$357m−$508m−$401m−$224m−$374m−$240m−$207m−$308m−$207m
Enterprise value$11.8bn$10.0bn$14.1bn$17.5bn$22.0bn$24.1bn$27.7bn$21.4bn$20.7bn$19.8bn$22.3bn$28.0bn
Multiples
Price / sales 10.8x8.4x12.0x14.7x18.3x19.4x21.1x15.3x14.0x12.8x13.6x16.3x
Price / earnings 30.4x21.8x30.5x30.7x36.8x30.1x35.6x32.3x25.6x25.4x27.3x33.2x
Price / free cash flow 18.1x14.4x21.4x27.0x31.6x35.7x37.1x27.1x25.9x22.8x21.1x27.6x
EV / EBITDA 17.7x13.5x18.6x21.5x25.8x27.7x30.3x21.6x19.8x18.0x19.3x23.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

92 /100

Strong moat

How hard Verisign's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 44.4% of total assets over 10 years.

  • Pricing power 20 / 20

    Gross margin has been a median 85.7%, moving by 1.6 percentage points (standard deviation) across 10 years.

  • Durability 20 / 20

    Operating margin has been a median 65.6%; its worst year was 60.6%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 56.8% of revenue.

  • Discipline 17 / 20

    The diluted share count fell 18.9% over five years; stock-based pay has been a median 4.1% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (97 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $9.52 +8% $1.8bn +6%
Next $10.89 +14% $1.9bn +10%

Next year's EPS estimate has moved +1.3% in 90 days, across 4 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −0.4% on 90 days ago. In the last 30 days, 1 analyst raised Verisign Inc's forecast and 0 cut it.

Consensus EPS forecast Verisign Inc, last 90 days
$9.50 $10.00 $10.50 $11.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $9.56 Current fiscal year, 60 days ago: $9.56 Current fiscal year, 30 days ago: $9.58 Current fiscal year, 7 days ago: $9.58 Current fiscal year, Now: $9.52 $9.52 Next fiscal year, 90 days ago: $10.76 Next fiscal year, 60 days ago: $10.76 Next fiscal year, 30 days ago: $10.86 Next fiscal year, 7 days ago: $10.88 Next fiscal year, Now: $10.89 $10.89

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $9.56$10.76
60 days ago $9.56$10.76
30 days ago $9.58$10.86
7 days ago $9.58$10.88
Now $9.52$10.89

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $2.42 $2.35 −2.7%
Jun 2026 $2.35 $2.38 +1.1%
Mar 2026 $2.25 $2.34 +4.2%
Dec 2025 $2.28 $2.23 −2.1%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 22, 2026

No numeric guidance in Verisign Inc's latest earnings release (filed October 22, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Verisign Inc's revenue by +8.2% next year and +7.1% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+9.6%, weight 62%) and the company's own record (+5.9%, weight 38%) . How the weights are set.

Analyst recommendations

5 analysts, Nov 2026
Buy360%
Hold120%
Sell120%

Monthly trend

  1. Nov 20263115
  2. Oct 2026325
  3. Sep 20263115

Counts of recommendations published by analysts covering Verisign Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
2.5%
of tradable shares
Days to cover
2.53
at average volume
Short interest, 1 month
+14%
to October 15, 2026
Held by institutions
90%
of shares
Held by insiders
10.6%
of shares
Employees
926
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +30.2%

$236.85 on October 31, 2025 to $308.40

ThenNowEffect
Revenue (last 12 months) $1.6bn $1.7bn +6.9%
Net margin 50.0% 49.8% −0.5%
P/E multiple 28.3x 33.5x +18.5%
Share count 95m 92m +3.4%

Biggest factor: p/e multiple.

Last 3 years +55.1%

$198.88 on November 3, 2023 to $308.40

ThenNowEffect
Revenue (last 12 months) $1.5bn $1.7bn +16.8%
Net margin 48.8% 49.8% +2.0%
P/E multiple 29.4x 33.5x +13.9%
Share count 105m 92m +14.2%

Biggest factor: revenue.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
VRSN+17%−19%+0%+1%+18%+28%
Industry peers (median)+12%−81%+46%−17%−12%−30%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
VRSN58%33%50%50%67%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
VRSN−13%−38%−16%−18%−24%−20%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 39% from December 29, 2021 to June 16, 2022. Getting back needed a 64% gain, reached on April 25, 2025, 1044 days after the low.

Price behaviour

52-week range
$210.31 – $309.09
From 52-week high
−0.2%
vs 50-day average
+4.0%
vs 200-day average
+13.8%
Volatility (1 year)
28%
Beta vs S&P 500
0.04

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±3.9%
After a week
4 up, 8 down
typical move ±5.9%
After a month
7 up, 4 down
typical move ±6.1%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 −2.3% −1.7% −0.4% —
July 23, 2026 +6.6% −1.1% +9.1% +7.6%
April 23, 2026 −0.2% +0.4% −0.4% +15.2%
February 5, 2026 −7.0% +0.6% −9.5% +1.0%
October 23, 2025 −1.9% +1.4% −6.5% +0.1%
July 24, 2025 +5.7% +0.5% −7.1% −6.6%
April 24, 2025 +8.5% +2.8% +11.3% +11.6%
February 6, 2025 +0.2% −0.6% +3.8% +8.2%
October 24, 2024 −2.4% +0.2% −4.8% −2.7%
July 25, 2024 +5.2% +0.6% +7.7% +2.5%
April 25, 2024 −5.4% +0.6% −9.3% −7.7%
February 8, 2024 −0.9% +0.6% −1.2% −3.7%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Verisign Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: no liquid put with an effective price at or below fair value.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

VRSN Verisign Inc Grade B+ $306.81

Own 100 shares, sell the $310 call expiring December 18, 2026 (46 days) for $11.90 a share — $1,190 per contract.

Previous session · Bid $11.90, ask $14.20, quoted Mon 2 Nov, 17:39 New York time with VRSN at $306.81. Option prices move with the shares: check the live chain at your broker before trading.

  • If VRSN ends below $310: you keep your shares and the $1,190 — 3.9% extra on the position, 30.8% a year at that pace.
  • If it ends above $310: your shares are sold at $310, a total return of 4.9% including the premium — at or above our value of ~$250.
$1.5k $0 −$5.9k Our value $250 Break-even $294.91 Price $306.81
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$1,190
Annualised
30.8%
Break-even
$294.91
Max gain
$1,509.5
Chance of selling
~51%

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Verisign Inc in five measures

Fundamentals grade B+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Verisign Inc
$1.4B $1.5B $1.6B $1.7B $1.8B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1.5B Revenue (TTM), FY24 Q1: $1.5B Revenue (TTM), FY24 Q2: $1.5B Revenue (TTM), FY24 Q3: $1.5B Revenue (TTM), FY24 Q4: $1.6B Revenue (TTM), FY25 Q1: $1.6B Revenue (TTM), FY25 Q2: $1.6B Revenue (TTM), FY25 Q3: $1.6B Revenue (TTM), FY25 Q4: $1.7B Revenue (TTM), FY26 Q1: $1.7B Revenue (TTM), FY26 Q2: $1.7B Revenue (TTM), FY26 Q3: $1.7B $1.7B

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1.5B
FY24 Q1 $1.5B
FY24 Q2 $1.5B
FY24 Q3 $1.5B
FY24 Q4 $1.6B
FY25 Q1 $1.6B
FY25 Q2 $1.6B
FY25 Q3 $1.6B
FY25 Q4 $1.7B
FY26 Q1 $1.7B
FY26 Q2 $1.7B
FY26 Q3 $1.7B
Revenue growth, TTM YoY Verisign Inc
4% 5% 6% 7% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 4.8% Revenue growth, TTM YoY, FY24 Q1: 4.9% Revenue growth, TTM YoY, FY24 Q2: 4.5% Revenue growth, TTM YoY, FY24 Q3: 4.1% Revenue growth, TTM YoY, FY24 Q4: 4.3% Revenue growth, TTM YoY, FY25 Q1: 4.1% Revenue growth, TTM YoY, FY25 Q2: 4.6% Revenue growth, TTM YoY, FY25 Q3: 5.5% Revenue growth, TTM YoY, FY25 Q4: 6.4% Revenue growth, TTM YoY, FY26 Q1: 6.8% Revenue growth, TTM YoY, FY26 Q2: 6.9% Revenue growth, TTM YoY, FY26 Q3: 6.5% 6.5%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 4.8%
FY24 Q1 4.9%
FY24 Q2 4.5%
FY24 Q3 4.1%
FY24 Q4 4.3%
FY25 Q1 4.1%
FY25 Q2 4.6%
FY25 Q3 5.5%
FY25 Q4 6.4%
FY26 Q1 6.8%
FY26 Q2 6.9%
FY26 Q3 6.5%
Operating margin (TTM) Verisign Inc
67% 67.5% 68% 68.5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 67.0% Operating margin (TTM), FY24 Q1: 67.3% Operating margin (TTM), FY24 Q2: 67.8% Operating margin (TTM), FY24 Q3: 68.1% Operating margin (TTM), FY24 Q4: 67.9% Operating margin (TTM), FY25 Q1: 68.0% Operating margin (TTM), FY25 Q2: 67.9% Operating margin (TTM), FY25 Q3: 67.6% Operating margin (TTM), FY25 Q4: 67.7% Operating margin (TTM), FY26 Q1: 67.9% Operating margin (TTM), FY26 Q2: 67.9% Operating margin (TTM), FY26 Q3: 67.6% 67.6%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 67.0%
FY24 Q1 67.3%
FY24 Q2 67.8%
FY24 Q3 68.1%
FY24 Q4 67.9%
FY25 Q1 68.0%
FY25 Q2 67.9%
FY25 Q3 67.6%
FY25 Q4 67.7%
FY26 Q1 67.9%
FY26 Q2 67.9%
FY26 Q3 67.6%
FCF margin (TTM) Verisign Inc
50% 55% 60% 65% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 54.1% FCF margin (TTM), FY24 Q1: 53.4% FCF margin (TTM), FY24 Q2: 53.7% FCF margin (TTM), FY24 Q3: 55.2% FCF margin (TTM), FY24 Q4: 56.2% FCF margin (TTM), FY25 Q1: 57.5% FCF margin (TTM), FY25 Q2: 59.4% FCF margin (TTM), FY25 Q3: 61.8% FCF margin (TTM), FY25 Q4: 64.5% FCF margin (TTM), FY26 Q1: 62.3% FCF margin (TTM), FY26 Q2: 62.4% FCF margin (TTM), FY26 Q3: 59.1% 59.1%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 54.1%
FY24 Q1 53.4%
FY24 Q2 53.7%
FY24 Q3 55.2%
FY24 Q4 56.2%
FY25 Q1 57.5%
FY25 Q2 59.4%
FY25 Q3 61.8%
FY25 Q4 64.5%
FY26 Q1 62.3%
FY26 Q2 62.4%
FY26 Q3 59.1%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Verisign took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $1.7B
  2. Cost of revenue $196M · 11.8%
  3. Gross profit $1.5B · 88.2%
  4. Research and development $104M · 6.3%
  5. Selling, general and admin $236M · 14.2%
  6. Operating income $1.1B · 67.7%
  7. Income tax $243M · 14.7%
  8. Interest and other $52.5M · 3.2%
  9. Net income $826M · 49.8%

Shares of revenue. Source: Verisign's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 616 681 772 874 965 1,010 1,059 1,142 1,165 1,215 1,232 1,265 1,328 1,425 1,493 1,557 1,657 1,732
Gross profit 449 524 607 706 778 822 867 944 972 1,023 1,051 1,085 1,136 1,224 1,296 1,366 1,460 1,534
EBITDA 246 300 385 512 589 628 667 745 758 816 852 871 915 990 1,045 1,095 1,152 1,198
Operating income 160 232 329 457 528 564 606 687 708 767 806 824 867 943 1,001 1,058 1,121 1,171
Net income 246 831 143 320 544 355 375 441 457 582 612 815 785 674 818 786 826 850
Diluted EPS $1.28 $4.64 $0.86 $1.95 $3.49 $2.52 $2.82 $3.42 $3.68 $4.75 $5.15 $7.07 $7.00 $6.24 — — — $9.28
Growth (year on year)
Revenue +10.2% +10.5% +13.4% +13.2% +10.5% +4.7% +4.9% +7.8% +2.0% +4.3% +1.4% +2.7% +4.9% +7.3% +4.8% +4.3% +6.4% +6.5%
EBITDA +220.2% +21.8% +28.4% +33.0% +15.0% +6.7% +6.3% +11.6% +1.7% +7.7% +4.5% +2.1% +5.1% +8.2% +5.5% +4.8% +5.2% +5.7%
Operating income — +45.2% +41.8% +38.8% +15.5% +6.9% +7.4% +13.3% +3.1% +8.4% +5.0% +2.2% +5.2% +8.8% +6.1% +5.8% +5.9% +6.5%
Net income — +238.4% −82.8% +124.0% +70.1% −34.7% +5.6% +17.4% +3.8% +27.4% +5.1% +33.1% −3.7% −14.1% +21.3% −3.9% +5.1% +4.8%
Diluted EPS — +262.5% −81.5% +126.7% +79.0% −27.8% +11.9% +21.3% +7.6% +29.1% +8.4% +37.3% −1.0% −10.9% — — — +8.2%
Margins
Gross margin 72.9% 77.0% 78.6% 80.8% 80.6% 81.3% 81.8% 82.6% 83.4% 84.2% 85.3% 85.8% 85.5% 85.9% 86.8% 87.7% 88.2% 88.6%
EBITDA margin 40.0% 44.1% 49.9% 58.6% 61.0% 62.2% 63.0% 65.2% 65.0% 67.1% 69.2% 68.8% 68.9% 69.5% 70.0% 70.3% 69.6% 69.2%
Operating margin 26.0% 34.1% 42.7% 52.4% 54.7% 55.9% 57.2% 60.1% 60.7% 63.2% 65.5% 65.1% 65.3% 66.2% 67.0% 67.9% 67.7% 67.6%
Net margin 39.9% 122.1% 18.5% 36.6% 56.4% 35.2% 35.4% 38.6% 39.2% 47.9% 49.7% 64.4% 59.1% 47.3% 54.8% 50.4% 49.8% 49.1%
Free-cash-flow margin 45.2% 19.8% 18.6% 55.5% 53.2% 55.6% 59.4% 58.3% 56.1% 54.4% 57.9% 54.3% 56.8% 56.4% 54.1% 56.2% 64.5% 59.1%
Cash flow
Cash from operations 395 215 336 538 579 601 670 693 703 698 754 730 807 831 854 903 1,091 1,062
Capital spending 117 81 193 53 66 39 41 27 49 37 40 43 53 27 46 28 23 38
Free cash flow 278 135 143 485 514 562 629 666 653 661 714 687 754 804 808 875 1,068 1,024
Stock-based pay 51 52 43 33 37 44 46 50 53 53 51 48 53 59 60 61 70 77
Free cash flow after stock pay 227 83 100 451 477 518 583 616 600 608 663 639 701 745 748 813 999 947
Balance sheet
Cash 1,477 1,560 1,313 131 339 192 229 232 466 357 508 401 224 374 240 207 308 207
Total debt 574 582 590 598 624 — 634 630 628 0 0 0 0 0 0 0 0 0
Net debt (negative = net cash) −903 −978 −723 467 285 −192 406 398 162 −357 −508 −401 −224 −374 −240 −207 −308 −207
Diluted shares 193m 179m 167m 164m 156m 141m 133m 129m 124m 123m 119m 115m 112m 108m 104m 98m 94m 92m
Returned to shareholders
Dividends — 518 463 0 0 — — — — — — — — — 0 0 215 292
Buybacks 261 450 550 326 1,036 883 643 662 621 638 783 778 723 1,048 901 1,226 882 874
Total returned 261 968 1,014 326 1,036 883 643 662 621 638 783 778 723 1,048 901 1,226 1,097 1,166

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

2 of 5 checks passed · September 30, 2026
What it owns · $1.3bn
Short-term assets $574mLonger-term assets $707m
What it owes, and who funded it · $3.6bn
Short-term liabilities $1.4bnLonger-term liabilities $2.2bnShareholders' equity $-2.3bn
  • Short-term assets cover short-term liabilities $574m of assets due within a year against $1.4bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $574m short-term assets against $2.2bn of longer-dated liabilities.
  • More cash than debt $207m of cash against $1.8bn of debt.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $1.1bn of operating cash flow against $1.8bn of debt.
  • Operating profit covers interest at least five times over Operating income of $1.2bn against $78m of interest.

From Verisign Inc's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$874M
Dividends (TTM)
$292M
Returned to shareholders
114%
of free cash flow
Buybacks, last 3 fiscal years
$3B
Diluted share count
−3.1%
year over year
Total shareholder yield
4.2%
dividends 1.1% + buybacks 3.2% of market value
Dividend payout ratio
34%
of net income paid out
R&D spending
6.2%
of revenue
Sales & admin spending
14.7%
of revenue

Competitors: side by side with peers

Closest by revenue in internet services & infrastructure
Last 12 months unless stated VRSN NET RXT DOCN GLBE MARA Median
Revenue, last 12 months $1.7bn $2.5bn $2.7bn $1.0bn $962m $804m $242m
Revenue growth, last 12 months 6.5% 33.5% 0.3% 21.4% 27.8% 0.7% 8.3%
Revenue growth, 3-year average 5.3% 30.6% −4.3% 15.9% — 66.6% 7.6%
Revenue growth, latest quarter 5.7% 35.9% 0.6% 28.6% — −26.7% 5.5%
Gross margin 88.6% 72.6% 17.9% 57.2% 45.3% −24.3% 49.5%
Operating margin 67.6% −14.1% −3.3% 14.8% 7.4% −366.3% −56.0%
Operating margin, 3-year average 67.8% −11.9% −15.7% 13.8% — −95.0% −25.3%
Net margin 49.1% −8.2% −5.9% 23.3% 7.1% −429.7% −55.8%
Cash from operations / revenue 61.3% 25.2% 3.8% 30.7% 29.5% −111.3% −10.4%
Free-cash-flow margin 59.1% 12.5% 1.5% 17.3% 29.2% −154.0% −25.9%
Free-cash-flow margin, 3-year average 58.7% 10.9% 2.9% 15.0% — −126.9% −17.4%
Stock pay / revenue 4.4% 20.2% 1.5% 9.4% 4.1% 18.1% 11.9%
Change in share count −3.1% 2.0% 7.1% 14.2% 5.2% 52.5% 5.2%

Median of all 34 companies we cover in internet services & infrastructure. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

34 internet services & infrastructure companies
Measure Company Peer median Rank
Revenue growth Growth 6.5% 10.1% 18 of 34
Change in growth rate Growth -0.4pp -0.6pp 15 of 34
Gross margin Profitability 88.6% 61.5% 1 of 16
Operating margin Profitability 67.6% -49.3% 1 of 33
Net margin Profitability 49.1% -47.1% 1 of 34
Free-cash-flow margin Cash generation 59.1% 16.2% 1 of 17
Stock pay as % of revenue Cash generation 4.4% 12.4% 9 of 32
Long-term debt as % of assets Balance sheet 139.5% 20.2% 25 of 25
Change in share count Balance sheet -3.1% 5.2% 4 of 26

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Geography
Region Revenue Share YoY
United States $1.1B 66.0% ▲ 5.6%
EMEA $279M 16.9% ▲ 11.9%
Asia Pacific $185M 11.1% ▲ 5.1%
Other Geographical Areas $99.5M 6.0% ▲ 3.0%

From Verisign Inc's 10-K filed February 5, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$22.1B
Institutions reporting
875
Shares held vs prior quarter
▲ 1.9%
Positions opened / closed
113 / 84

Top buyers and sellers, Q2 2026: 471 institutions bought and 370 sold ; the biggest buyer was AQR Capital Management LLC (+1.2M shares) and the biggest seller Blackrock, Inc (−912K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Berkshire Hathaway Inc $2.3B 9.0M 10.3% 0.0%
Blackrock, Inc. $2.1B 8.4M 9.6% ▼ 9.8%
Vanguard Capital Management LLC $1.3B 5.3M 6.1% ▼ 0.3%
Vanguard Portfolio Management LLC $1.3B 5.1M 5.8% ▼ 3.3%
AQR Capital Management LLC $1.2B 4.9M 5.6% ▲ 31.9%
State Street Corp $1B 4.2M 4.7% ▲ 1.8%
Geode Capital Management, LLC $622M 2.5M 2.8% ▲ 0.2%
Renaissance Technologies LLC $616M 2.4M 2.8% ▼ 13.1%
Morgan Stanley $571M 2.3M 2.6% ▼ 1.7%
Ninety One Uk Ltd $522M 2.1M 2.4% ▼ 0.1%
Invesco Ltd. $361M 1.4M 1.6% ▼ 4.4%
Arrowstreet Capital, Limited Partnership $325M 1.3M 1.5% ▼ 4.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Verisign Inc's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $19,492 7 trades by 1 insider, last 12 months Insider sales History → $37.4M 201 trades by 4 insiders · 93% under pre-set plans
Net ▼ $37.4M net selling
Insider Date Trade Shares Price Value
Bidzos D James Exec. Chairman, Pres, & CEO October 27, 2026 Sell pre-set plan 1,100 $305.26 $335,782
Bidzos D James Exec. Chairman, Pres, & CEO October 27, 2026 Sell pre-set plan 900 $304.63 $274,169
Bidzos D James Exec. Chairman, Pres, & CEO October 27, 2026 Sell pre-set plan 400 $302.69 $121,076
Bidzos D James Exec. Chairman, Pres, & CEO October 27, 2026 Sell pre-set plan 600 $301.64 $180,981
Bidzos D James Exec. Chairman, Pres, & CEO October 27, 2026 Sell pre-set plan 300 $300.31 $90,092
Mcpherson Danny R EVP - Technology & CSO October 26, 2026 Sell 3,256 $303.89 $989,482
Bidzos D James Exec. Chairman, Pres, & CEO October 20, 2026 Sell pre-set plan 400 $307.41 $122,965
Bidzos D James Exec. Chairman, Pres, & CEO October 20, 2026 Sell pre-set plan 2,300 $306.54 $705,033
Bidzos D James Exec. Chairman, Pres, & CEO October 20, 2026 Sell pre-set plan 200 $305.24 $61,048
Bidzos D James Exec. Chairman, Pres, & CEO October 20, 2026 Sell pre-set plan 400 $304.32 $121,729
Bidzos D James Exec. Chairman, Pres, & CEO October 13, 2026 Sell pre-set plan 100 $306.55 $30,655
Bidzos D James Exec. Chairman, Pres, & CEO October 13, 2026 Sell pre-set plan 500 $305.39 $152,695

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 17 trades and filings

In the last 12 months, 1 member of Congress disclosed 2 purchases and 1 sale of Verisign Inc shares.

  • Gilbert Ray Cisneros, Jr.(D-CA 31):Sale (partial), $1,001 - $15,000, traded March 13, 2026, filed April 7, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded February 10, 2026, filed March 9, 2026
  • Gilbert Ray Cisneros, Jr.(D-CA 31):Purchase, $1,001 - $15,000, traded December 19, 2025, filed January 12, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 4, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 23, 2026
  • April 23, 2026
  • February 5, 2026
  • October 23, 2025
  • July 24, 2025

Recent SEC filings

Data status

When each part of this page on Verisign Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Verisign Inc in brief

What does Verisign Inc do?
Verisign Inc is a US-listed company in the internet services & infrastructure industry. Its financial year ends in December.
What is Verisign Inc's stock ticker?
Verisign Inc trades under the ticker VRSN on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Verisign Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Verisign Inc reported revenue of $1.7B, 6.5% higher than a year earlier, according to its SEC filings.
What is Verisign Inc's free cash flow?
Verisign Inc's free-cash-flow margin is 59.1% of revenue over the trailing twelve months, ranking 1 of the 17 internet services & infrastructure companies we cover.
What is Verisign Inc's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Verisign Inc's free cash flow after stock-based pay gives ~$250 per share in the base case, and ~$190–$330 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Verisign Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Berkshire Hathaway Inc, Blackrock, Inc. and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Verisign Inc buying back stock, and does it pay a dividend?
Verisign Inc spent $874M on share repurchases over the trailing twelve months, and its diluted share count fell 3.1% over the year.
What is Verisign Inc's market cap?
On November 2, 2026, Verisign Inc's market capitalisation was about $28.2B, with a price-to-earnings ratio of 33.2 and net debt of -$207M. Market figures come from third-party market data and may be delayed.
Does Verisign Inc pay a dividend?
Yes: Verisign Inc paid $292M in dividends over the trailing twelve months, a dividend yield of 1.05% and a payout ratio of 34.3%.
Who are Verisign Inc's competitors?
In our Internet Services & Infrastructure peer group, the companies closest to Verisign Inc are Cloudflare, Inc., Rackspace Technology, Inc., Digitalocean Holdings, Inc., Global-e Online Ltd. and Mara Holdings, Inc. The side-by-side comparison below sets their revenue, margins and growth against Verisign Inc's.
Are insiders buying or selling Verisign Inc stock?
Over the last 12 months, Verisign Inc's directors and officers reported 7 open-market purchases and 201 sales on Form 4. The insider trading page charts every trade.
When is Verisign Inc's next earnings date?
Around February 4, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Verisign Inc announces its own schedule.