Verisign Inc key statistics and ratios

In fiscal 2025, Verisign Inc had an operating margin of 67.7% and a current ratio of 0.49. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Verisign Inc: financial ratios, annual
Fiscal year	2009Dec 2009	2010Dec 2010	2011Dec 2011	2012Dec 2012	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
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%
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%
Return on equity	41.0%	130.3%	48.6%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Return on assets	9.9%	33.8%	6.6%	16.3%	23.1%	15.6%	17.6%	18.8%	17.3%	24.0%	32.5%	45.0%	41.8%	36.3%	47.0%	49.8%	60.4%	65.2%
Asset turnover	0.25	0.28	0.36	0.45	0.41	0.44	0.50	0.49	0.44	0.50	0.65	0.70	0.71	0.77	0.86	0.99	1.21	1.33
Current ratio	1.93	3.34	2.20	2.36	0.89	1.03	1.31	1.21	1.57	1.39	1.32	1.23	1.18	0.93	0.83	0.43	0.49	0.42
Debt to equity	95.9%	86.0%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Interest cover (operating income ÷ interest)	3.4x	1.5x	2.2x	9.1x	7.1x	6.6x	5.6x	5.9x	5.2x	6.7x	8.9x	9.1x	10.4x	12.5x	13.3x	14.1x	14.6x	15.0x
Effective tax rate	26.4%	26.6%	28.4%	24.3%	−19.2%	26.5%	23.1%	24.2%	23.7%	20.2%	19.3%	−8.6%	−0.3%	23.4%	16.3%	23.1%	22.7%	23.6%
R&D as % of revenue	8.5%	7.9%	6.9%	7.1%	7.3%	6.7%	6.0%	5.2%	4.5%	4.8%	4.9%	5.9%	6.1%	6.0%	6.1%	6.2%	6.3%	6.2%
SG&A as % of revenue	—	—	—	—	—	—	—	—	—	—	—	14.7%	14.2%	13.7%	13.7%	13.6%	14.2%	14.7%
Capital spending as % of revenue	19.0%	11.8%	25.0%	6.1%	6.8%	3.9%	3.8%	2.3%	4.2%	3.0%	3.3%	3.4%	4.0%	1.9%	3.1%	1.8%	1.4%	2.2%
Free cash flow ÷ net income	113.3%	16.2%	100.2%	151.4%	94.4%	158.1%	167.7%	151.2%	142.9%	113.4%	116.5%	84.3%	96.1%	119.3%	98.8%	111.3%	129.4%	120.5%
Dividends ÷ net income	—	62.4%	324.4%	0.0%	0.0%	—	—	—	—	—	—	—	—	—	0.0%	0.0%	26.1%	34.3%
Dividends and buybacks ÷ free cash flow	93.6%	718.7%	707.6%	67.2%	201.6%	157.3%	102.2%	99.4%	95.1%	96.6%	109.7%	113.2%	95.8%	130.4%	111.6%	140.1%	102.7%	113.9%

US$ thousands unless shown otherwise. Fiscal quarters.

Verisign Inc: financial ratios, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Gross margin	87.8%	87.7%	88.0%	88.4%	88.5%	88.5%	88.5%	88.8%
Operating margin	66.7%	67.4%	68.5%	67.8%	67.0%	68.5%	68.2%	66.9%
Net margin	48.4%	49.5%	50.6%	50.8%	48.5%	50.0%	49.8%	48.0%
Free-cash-flow margin	56.1%	71.0%	47.5%	72.3%	67.0%	61.8%	49.0%	58.8%
Current ratio	0.43	0.56	0.54	0.53	0.49	0.46	0.59	0.42
R&D as % of revenue	6.3%	6.5%	6.3%	6.1%	6.2%	6.4%	6.3%	6.0%
SG&A as % of revenue	14.7%	13.8%	13.3%	14.5%	15.3%	13.7%	14.0%	15.8%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

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Figures from Verisign Inc's SEC filings (10-K and 10-Q), retrieved October 23, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Verisign Inc.