NASDAQ: VRSN
Verisign
Technology · Services-Computer Programming Services
52-week range
$208.86$312.78
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$25.3B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $7.78B |
| FY2017, ended Dec 31, 2017 | $11.1B |
| FY2018, ended Dec 31, 2018 | $17.8B |
| FY2019, ended Dec 31, 2019 | $22.4B |
| FY2020, ended Dec 31, 2020 | $24.5B |
| FY2021, ended Dec 31, 2021 | $28.0B |
| FY2022, ended Dec 31, 2022 | $21.5B |
| FY2023, ended Dec 31, 2023 | $20.8B |
| FY2024, ended Dec 31, 2024 | $19.6B |
| FY2025, ended Dec 31, 2025 | $22.3B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $25.3B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$1.73B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $1.14B |
| FY2017, ended Dec 31, 2017 | $1.17B |
| FY2018, ended Dec 31, 2018 | $1.21B |
| FY2019, ended Dec 31, 2019 | $1.23B |
| FY2020, ended Dec 31, 2020 | $1.27B |
| FY2021, ended Dec 31, 2021 | $1.33B |
| FY2022, ended Dec 31, 2022 | $1.42B |
| FY2023, ended Dec 31, 2023 | $1.49B |
| FY2024, ended Dec 31, 2024 | $1.56B |
| FY2025, ended Dec 31, 2025 | $1.66B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $1.73B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $441M | $666M |
| FY2017, ended Dec 31, 2017 | $457M | $653M |
| FY2018, ended Dec 31, 2018 | $582M | $661M |
| FY2019, ended Dec 31, 2019 | $612M | $714M |
| FY2020, ended Dec 31, 2020 | $815M | $687M |
| FY2021, ended Dec 31, 2021 | $785M | $754M |
| FY2022, ended Dec 31, 2022 | $674M | $804M |
| FY2023, ended Dec 31, 2023 | $818M | $808M |
| FY2024, ended Dec 31, 2024 | $786M | $875M |
| FY2025, ended Dec 31, 2025 | $826M | $1.07B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $850M | $1.02B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$207M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $232M |
| FY2017, ended Dec 31, 2017 | $466M |
| FY2018, ended Dec 31, 2018 | $357M |
| FY2019, ended Dec 31, 2019 | $508M |
| FY2020, ended Dec 31, 2020 | $401M |
| FY2021, ended Dec 31, 2021 | $224M |
| FY2022, ended Dec 31, 2022 | $374M |
| FY2023, ended Dec 31, 2023 | $240M |
| FY2024, ended Dec 31, 2024 | $207M |
| FY2025, ended Dec 31, 2025 | $308M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $207M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.—
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $630M |
| FY2017, ended Dec 31, 2017 | $628M |
| FY2018, ended Dec 31, 2018 | $0 |
| FY2019, ended Dec 31, 2019 | — |
| FY2020, ended Dec 31, 2020 | — |
| FY2021, ended Dec 31, 2021 | — |
| FY2022, ended Dec 31, 2022 | — |
| FY2023, ended Dec 31, 2023 | — |
| FY2024, ended Dec 31, 2024 | — |
| FY2025, ended Dec 31, 2025 | — |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | — |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 12.3% since 2016.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.89.7M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 102M |
| FY2017, ended Dec 31, 2017 | 97.1M |
| FY2018, ended Dec 31, 2018 | 120M |
| FY2019, ended Dec 31, 2019 | 116M |
| FY2020, ended Dec 31, 2020 | 113M |
| FY2021, ended Dec 31, 2021 | 110M |
| FY2022, ended Dec 31, 2022 | 105M |
| FY2023, ended Dec 31, 2023 | 101M |
| FY2024, ended Dec 31, 2024 | 94.6M |
| FY2025, ended Dec 31, 2025 | 91.7M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 89.7M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $798M more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $662M | $50.0M |
| FY2017, ended Dec 31, 2017 | $621M | $52.9M |
| FY2018, ended Dec 31, 2018 | $638M | $52.5M |
| FY2019, ended Dec 31, 2019 | $783M | $50.6M |
| FY2020, ended Dec 31, 2020 | $778M | $48.2M |
| FY2021, ended Dec 31, 2021 | $723M | $53.4M |
| FY2022, ended Dec 31, 2022 | $1.05B | $58.6M |
| FY2023, ended Dec 31, 2023 | $901M | $59.7M |
| FY2024, ended Dec 31, 2024 | $1.23B | $61.1M |
| FY2025, ended Dec 31, 2025 | $882M | $69.7M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $874M | $76.7M |
Revenue (TTM)
$1.73B
+6.5% YoY
Net income (TTM)
$850M
+4.8% YoY
Cash
$207M
−12.1% YoY
Total debt
—
—
Valuation
At current price- Market Cap
- $27.6B
- P/E
- 32.4×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 15.9×
- Price / Book
- n/m. Market cap / shareholders' equity
- EV / EBITDA
- —. (Market cap + debt − cash) / EBITDA (TTM)
Growth
Trailing 12 months- Revenue (TTM)
- $1.73B
- Revenue Growth YoY
- 6.5%
- Revenue CAGR 3Y
- 5.2%
- Revenue CAGR 5Y
- 5.5%
- EPS Growth YoY
- —. Diluted EPS, TTM vs. TTM a year earlier
- Net Income Growth YoY
- 4.8%
Profitability
Trailing 12 months- Gross Margin
- 88.6%
- Operating Margin
- 67.6%
- Net Margin
- 49.1%
- FCF Margin
- 59.1%
- Return on Equity
- n/m. Net income (TTM) / average equity
Earnings
Trailing 12 months- Net Income
- $850M
- EPS (diluted)
- —
- EBITDA
- $1.20B
- Operating Income
- $1.17B
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $207M
- Total Debt
- —. Short- and long-term borrowings, excluding leases
- Net Cash
- —. Cash − total debt
- Total Assets
- $1.28B
- Total Liabilities
- $3.56B
- Shareholders' Equity
- −$2.28B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.06B
- Capital Expenditure
- $38.1M
- Free Cash Flow
- $1.02B
Dividends and risk
Last 12 months- Dividend Yield
- 1.0%
- Dividend / Share
- $3.20
- Beta (5Y)
- 0.70
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 6.5% year over year, at $1.73B.
Strength
Keeps 67.6% of revenue as operating profit.
Strength
Turns 59.1% of revenue into free cash flow.
Strength
Share count is down 3.2% in a year, from buybacks.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 22, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K66Mildly positive
66Mildly positive
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 5, 2026 · Read the filing on EDGAR
- Revenue rose 6% to $1,656.6 million and operating income rose 6% to $1,121.0 million, helped by price increases and more domains.
- Domain registrations returned to growth, up 2.6% to 173.5 million after falling in 2024, with more new registrations and better renewals.
- Operating cash flow rose 21% to $1,091.1 million, partly from lower cash taxes; Verisign started a dividend and raised it 5.2% in February 2026.
- The filing puts more emphasis on AI, citing tougher cyber-attacks, higher hardware costs and possible effects on domain demand.
Business momentum
Improving
“We recorded revenues of $1,656.6 million in 2025, which represents an increase of 6% as compared to 2024.”
Outlook
Neutral
“We intend to continue to pay a cash dividend on a quarterly basis, subject to market conditions and approval by the Board of Directors.”
Financial stress
Low
“We believe existing cash, cash equivalents and marketable securities, and funds generated from operations, together with our ability to arrange for additional financing should be sufficient to meet our working capital, capital expenditure requirements”
Tone against the previous report
More positive
Red flags
None found in this report.
Positives
Domain base returned to growth
“We finished 2025 with 173.5 million .com and .net registrations in the domain name base, which represents a 2.6% increase from December 31, 2024.”
Renewal rate improved
“The final .com and .net renewal rate for the third quarter of 2025 was 75.4% compared to 72.2% for the same quarter of 2024.”
Strong cash generation funds shareholder payouts
“We generated cash flows from operating activities of $1,091.1 million in 2025, which represents an increase of 21% as compared to 2024.”
Concerns
Overhead costs grew faster than revenue
“Selling, general and administrative expenses increased in 2025 compared to 2024 primarily due to increases in compensation and benefits expenses, stock-based compensation expenses, equipment and software expenses, and legal expenses.”
AI could change how people use domain names
“To the extent such applications impact the demand for domain names, it could have a material impact on our business.”
The .web rights remain stuck in a dispute
“Before .web could be awarded to NDC, Afilias filed another IRP on July 14, 2023, and as a result, ICANN’s processing of NDC’s .web application remains paused.”
New risks since the previous report
AI demand is raising hardware costs
“the rapid increase in demand for compute and network hardware, including servers, chips, memory and other technology, caused by new demand from AI companies, is increasing our costs”
Risks from Verisign's own and vendors' use of AI
“our use of AI technology, if not effectively governed, could result in unintended consequences, including errors, biased, and otherwise unreliable outputs.”
New web address endings could pull registrar marketing away
“With the planned introduction of a new round of gTLDs, registrars and resellers, as they have done in the past, may in the future focus their short- or long-term marketing efforts on new offerings”
Short sellers spreading false or misleading claims
“We have been, and may in the future be, the target of short sellers.”
Dependence on the internet routing security system
“Contracting with RIRs for the provision of and access to RPKI services carries material operational risks, as described above, as well as material contractual risks, which may expose us to service disruptions and material liability.”
Biggest risks named
- Loss or change of .com and .net operating rights
- Cyber-attacks, increasingly aided by AI, and outages at critical internet infrastructure
- Falling domain demand from AI, substitute technologies and price rises
- Challenges to .com pricing terms and changes to ICANN policies
- China regulation and US-China political tensions
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | 0 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | 0 | |
| New risks | −2 | |
| Score | 66 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 22, 2026 | Pro | |||
| 10-K | Feb 5, 2026 | 66 | Improving | None | |
| 10-K | Feb 13, 2025 | 63 | Improving | None | |
| 10-K | Feb 15, 2024 | 62 | Improving | None | |
| 10-K | Feb 17, 2023 | 62 | Improving | None | |
| 10-K | Feb 18, 2022 | 67 | Improving | None | |
| 10-K | Feb 19, 2021 | 61 | Stable | None | |
| 10-K | Feb 14, 2020 | 67 | Improving | None | |
| 10-K | Feb 15, 2019 | 68 | Improving | 1 minor | |
| 10-K | Feb 16, 2018 | 61 | Stable | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 22, 2026. View filings on SEC EDGAR