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Verisign

VRSN Nasdaq Internet Services & Infrastructure Financials FY2016–FY2025

Verisign's revenue rose 6.4% to $1.7 billion in fiscal 2025. Its operating margin was 67.7%, down from 68.0% a year earlier. Free cash flow was $1.1 billion, up 22.2%. It paid out $1.1 billion in dividends and buybacks, 103% of free cash flow. The diluted share count fell 4.5%.

Last close · Oct 23, 2026

$300.32

1.4%
Value it Compare
Revenue Total sales reported in the income statement.
$1.7B
6.4% vs prior year
Operating margin Operating income as a share of revenue.
67.7%
0.3 pts
Net income Profit after all expenses, interest and tax.
$826M
5.1%
Free cash flow Cash from operations minus capital spending.
$1.1B
22.2%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
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Market cap Last close times the latest diluted share count, so it is approximate.
$27.1B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
32.3x
On $9.30 EPS (TTM)

About these figures. Long-term debt is Verisign's senior notes, which its balance sheets before 2022 show on a single line.

What Verisign does

No business description yet.

Legal name
VERISIGN INC/CA
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001014473-26-000006
0001014473

Revenue and margins

Verisign had $1.7B of revenue in fiscal 2025, up 6.4% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 11.1% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $1.1B in fiscal 2025, 64.5% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Verisign returned $1.1B to shareholders in fiscal 2025, 103% of free cash flow. The diluted share count fell 4.5%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Verisign yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of −$1.2B and divides by 93.8M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 32.3x · peers 38.5x · sector 33.5x.

Balance sheet

Cash, debt and the ratios that show how comfortably Verisign can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $1.2B$986M$932M$605M$582M
Debt incl. finance leases $1.8B$1.8B$1.8B$1.8B$1.8B
Net debt / EBITDA 0.6x0.8x0.8x1.1x1.1x
Interest coverage 10.4x12.5x13.3x14.1x14.6x
Current ratio 1.2x0.9x0.8x0.4x0.5x
Quick ratio 1.2x0.9x0.8x0.4x0.5x
Total assets $2.0B$1.7B$1.7B$1.4B$1.3B
Total liabilities $3.2B$3.3B$3.3B$3.4B$3.5B
Shareholders' equity −$1.3B−$1.6B−$1.6B−$2.0B−$2.2B
Net debt (− = net cash) $575M$802M$858M$1.2B$1.2B

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$8.4M

2 insiders

Of sales under plans

100%

$8.4M

DateInsiderTradeSharesPriceValueFiling
Oct 20, 2026 Bidzos D JamesExec. Chairman, Pres, & CEO, Director Sold plan 3,300 $306.30 $1.0M Form 4
Oct 13, 2026 Bidzos D JamesExec. Chairman, Pres, & CEO, Director Sold plan 3,300 $302.85 $1.0M Form 4
Oct 8, 2026 Thomas C IndelicartoEVP, Gen Counsel & Secretary Sold plan 500 $293.14 $0.1M Form 4
Oct 6, 2026 Bidzos D JamesExec. Chairman, Pres, & CEO, Director Sold plan 3,300 $292.33 $1.0M Form 4
Oct 1, 2026 Thomas C IndelicartoEVP, Gen Counsel & Secretary Sold plan 500 $284.38 $0.1M Form 4
Sep 29, 2026 Bidzos D JamesExec. Chairman, Pres, & CEO, Director Sold plan 3,300 $278.78 $0.9M Form 4
Sep 22, 2026 Bidzos D JamesExec. Chairman, Pres, & CEO, Director Sold plan 3,300 $304.75 $1.0M Form 4
Sep 15, 2026 Bidzos D JamesExec. Chairman, Pres, & CEO, Director Sold plan 3,300 $296.58 $1.0M Form 4
Sep 8, 2026 Bidzos D JamesExec. Chairman, Pres, & CEO, Director Sold plan 3,300 $284.40 $0.9M Form 4
Sep 8, 2026 Thomas C IndelicartoEVP, Gen Counsel & Secretary Sold plan 500 $289.16 $0.1M Form 4
Sep 1, 2026 Bidzos D JamesExec. Chairman, Pres, & CEO, Director Sold plan 3,300 $291.09 $1.0M Form 4
Sep 1, 2026 Thomas C IndelicartoEVP, Gen Counsel & Secretary Sold plan 500 $290.78 $0.1M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✕ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✕ ✕ ✕
Current ratio rose ✕ ✕ ✓
Share count didn't rise ✓ ✓ ✓
Gross margin rose ✓ ✓ ✓
Revenue rose relative to assets ✓ ✓ ✓
F-score 7 / 96 / 98 / 9
Accruals ratio −2.1%−7.4%−19.4%
Altman Z'' −22.36−28.81−27.29

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Verisign VRSN $27.1B 6.4% 67.7% 64.5% — 32.3x 8
Wix.com WIX $4.7B 13.2% 0.1% 29.2% — — 7 Compare →
Cloudflare NET $115.4B 29.9% −9.6% 13.3% −29.7% — 3 Compare →
DigitalOcean DOCN $11.8B 15.5% 17.4% 20.0% 15.7% 43.2x 7 Compare →
Akamai Technologies AKAM $14.4B 5.4% 13.5% 24.0% 6.3% 33.8x 6 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $1.1B $1.2B $1.2B $1.2B $1.3B $1.3B $1.4B $1.5B $1.6B $1.7B
Gross profit $944M $972M $1.0B $1.1B $1.1B $1.1B $1.2B $1.3B $1.4B $1.5B
Research and development $59.1M $52.3M $57.9M $60.8M $74.7M $80.5M $85.7M $91.0M $96.7M $104M
Operating income $687M $708M $767M $806M $824M $867M $943M $1.0B $1.1B $1.1B
Interest expense $116M $136M $115M $90.6M $90.2M $83.3M $75.3M $75.3M $75.3M $77.0M
Pretax income $581M $599M $730M $759M $750M $782M $880M $977M $1.0B $1.1B
Income tax $141M $142M $147M $147M −$64.7M −$2.6M $206M $159M $236M $243M
Net income $441M $457M $583M $612M $815M $785M $674M $818M $786M $826M
Diluted EPS $3.42 $3.68 $4.75 $5.15 $7.07 $7.00 $6.24 $7.90 $8.00 $8.81
Diluted shares 0.13B 0.12B 0.12B 0.12B 0.12B 0.11B 0.11B 0.10B 0.10B 0.09B
Cash flow
Cash from operations $693M $703M $698M $754M $730M $807M $831M $854M $903M $1.1B
Capital expenditure $26.6M $49.5M $37.0M $40.3M $43.4M $53.0M $27.4M $45.8M $28.1M $22.8M
Free cash flow $666M $653M $661M $714M $687M $754M $804M $808M $875M $1.1B
Depreciation and amortization $58.2M $49.9M $48.4M $46.3M $46.4M $47.9M $46.9M $44.1M $36.9M $31.2M
Stock-based compensation $50.0M $52.9M $52.5M $50.6M $48.2M $53.4M $58.6M $59.7M $61.1M $69.7M
Acquisitions $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $663M $621M $638M $783M $778M $723M $1.0B $901M $1.2B $882M
Dividends paid $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $215M
Dividends and buybacks $662M $621M $638M $783M $778M $723M $1.0B $901M $1.2B $1.1B
Balance sheet
Cash and short-term investments $1.8B $2.4B $1.3B $1.2B $1.2B $1.2B $986M $932M $605M $582M
Total debt $1.9B $2.4B $1.8B $1.8B $1.8B $1.8B $1.8B $1.8B $1.8B $1.8B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $1.8B $2.4B $1.3B $1.3B $1.2B $1.3B $1.0B $988M $664M $653M
Current liabilities $1.5B $1.6B $948M $965M $989M $1.1B $1.1B $1.2B $1.5B $1.3B
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $266M $264M $254M $250M $246M $251M $232M $233M $225M $214M
Total assets $2.3B $2.9B $1.9B $1.9B $1.8B $2.0B $1.7B $1.7B $1.4B $1.3B
Total liabilities $3.5B $4.2B $3.3B $3.3B $3.2B $3.2B $3.3B $3.3B $3.4B $3.5B
Shareholders' equity −$1.2B −$1.3B −$1.4B −$1.5B −$1.4B −$1.3B −$1.6B −$1.6B −$2.0B −$2.2B
Margins
Gross margin 82.6% 83.4% 84.2% 85.4% 85.8% 85.6% 85.9% 86.8% 87.7% 88.2%
Operating margin 60.1% 60.7% 63.2% 65.5% 65.2% 65.3% 66.2% 67.0% 68.0% 67.7%
EBITDA margin 65.2% 65.0% 67.1% 69.2% 68.8% 68.9% 69.5% 70.0% 70.3% 69.6%
Net margin 38.6% 39.3% 47.9% 49.7% 64.4% 59.1% 47.3% 54.8% 50.5% 49.8%
FCF margin 58.4% 56.1% 54.4% 57.9% 54.3% 56.8% 56.4% 54.1% 56.2% 64.5%
Returns
Return on capital employed 82.4% 64.5% 65.4% 86.9% 98.9% 102.7% 123.6% 170.0% 485.5% −1,701.1%
Return on assets 18.8% 17.3% 24.0% 32.5% 45.0% 41.9% 36.3% 47.0% 49.8% 60.4%
Growth
Revenue growth 7.8% 2.0% 4.3% 1.4% 2.7% 4.9% 7.3% 4.8% 4.3% 6.4%
Net income growth 17.4% 3.8% 27.4% 5.1% 33.1% −3.7% −14.1% 21.3% −3.9% 5.1%
EPS growth 21.3% 7.6% 29.1% 8.4% 37.3% −1.0% −10.9% 26.6% 1.3% 10.1%
FCF growth 5.9% −2.0% 1.2% 8.0% −3.8% 9.8% 6.6% 0.5% 8.2% 22.2%
Share count change −3.2% −3.6% −1.2% −3.0% −3.1% −2.7% −3.7% −4.2% −5.1% −4.5%
Financial health
Net debt / EBITDA 0.1x −0.0x 0.6x 0.7x 0.7x 0.6x 0.8x 0.8x 1.1x 1.1x
Interest coverage 5.9x 5.2x 6.7x 8.9x 9.1x 10.4x 12.5x 13.3x 14.1x 14.6x
Current ratio 1.2x 1.6x 1.4x 1.3x 1.2x 1.2x 0.9x 0.8x 0.4x 0.5x
Quick ratio 1.2x 1.6x 1.4x 1.3x 1.2x 1.2x 0.9x 0.8x 0.4x 0.5x
Capital allocation
Capex / revenue 2.3% 4.3% 3.1% 3.3% 3.4% 4.0% 1.9% 3.1% 1.8% 1.4%
Stock comp / revenue 4.4% 4.5% 4.3% 4.1% 3.8% 4.0% 4.1% 4.0% 3.9% 4.2%
Payouts / FCF 99.4% 95.1% 96.6% 109.7% 113.2% 95.8% 130.4% 111.6% 140.2% 102.7%
Quality scores
Piotroski F-score 6.0 8.0 7.0 7.0 6.0 7.0 5.0 7.0 6.0 8.0
Altman Z'' −22.9 −16.3 −25.6 −25.4 −25.4 −21.3 −23.9 −22.4 −28.8 −27.3
Accruals ratio −10.8% −9.3% −4.8% −7.5% 4.7% −1.2% −8.5% −2.1% −7.4% −19.4%

Source: SEC EDGAR XBRL filings (CIK 0001014473). Data updated October 22, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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