Tearsheet

VeriSign (VRSN)

Market Price (11/13/2025): $250.63 | Market Cap: $23.4 Bil
Sector: Information Technology | Industry: Internet Services & Infrastructure

VeriSign (VRSN)

Market Price (11/13/2025): $250.63
Market Cap: $23.4 Bil
Sector: Information Technology
Industry: Internet Services & Infrastructure

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 68%	Weak multi-year price returns 2Y Excs Rtn is -33%, 3Y Excs Rtn is -38%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 64%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 62%
2	Low stock price volatility Vol 12M is 26%
3	Megatrend and thematic drivers Megatrends include Cybersecurity, and 5G & Advanced Connectivity. Themes include Network Security, and Telecom Infrastructure.

0	Attractive operating margins Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 68%
1	Attractive cash flow generation CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 64%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 62%
2	Low stock price volatility Vol 12M is 26%
3	Megatrend and thematic drivers Megatrends include Cybersecurity, and 5G & Advanced Connectivity. Themes include Network Security, and Telecom Infrastructure.
4	Weak multi-year price returns 2Y Excs Rtn is -33%, 3Y Excs Rtn is -38%

Market Valuation & Key Metrics

	11/13/25	2024	2023	2022	2021
Share Price CYE	$250.63	$205.80	$204.81	$204.29	$252.40
Market Cap CYE ($ Bil)	23.4	19.6	20.9	21.6	28.0
Total Debt ($ Bil)	1.8	1.8	1.8	1.8	1.8
Total Cash ($ Bil)	0.6	0.6	0.9	1.0	1.2
Enterprise Value ($ Bil)	24.6	21.4	22.7	23.4	29.8
Valuation Ratios
P/S TTM	14.4	13.0	14.3	15.6	21.4
P/EBIT TTM	20.8	18.5	20.2	23.2	32.9
P/E TTM	28.8	25.8	26.1	32.9	36.2
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8	2.5	4.6
P/EBIT TTM (Sector)	1.4	-0.0	-0.1	-0.5	2.4
P/E TTM (Sector)	-0.2	-0.3	-0.4	-0.5	0.1

	11/13/25	2024	2023
Share Price CYE	$250.63	$205.80	$204.81
Market Cap CYE ($ Bil)	23.4	19.6	20.9
Total Debt ($ Bil)	1.8	1.8	1.8
Total Cash ($ Bil)	0.6	0.6	0.9
Enterprise Value ($ Bil)	24.6	21.4	22.7
Valuation Ratios
P/S TTM	14.4	13.0	14.3
P/EBIT TTM	20.8	18.5	20.2
P/E TTM	28.8	25.8	26.1
Sector Ratios
P/S TTM (Sector)	3.2	3.1	2.8
P/EBIT TTM (Sector)	1.4	-0.0	-0.1
P/E TTM (Sector)	-0.2	-0.3	-0.4

	VRSN	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	1.6
Rev Chg Q	7.3%	7.1%
Rev Chg LTM	5.5%	6.1%
Rev Chg 3Y Avg	5.2%	5.5%
PROFITABILITY	VERY GOOD
Op Inc LTM ($ Bil)	1.1
CFO LTM ($ Bil)	1.0
Net Inc LTM ($ Bil)	0.8
Op Mgn LTM	67.6%	18.8%
CFO/Rev LTM	63.5%	20.5%
Net Inc Mgn	49.9%	13.1%
VALUATION	HIGH
P/S	14.4	3.2
P/CFO	22.6	15.3
P/FCF	23.3	20.4
P/E	28.8	23.6
STABILITY	VERY GOOD
Debt/Equity	0.08	0.21
Cash/Assets	0.44	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
.com and .net Domain Name Base	171.9 million	9302025	Link
New .com and .net Domain Name Registrations	10.6 million	9302025	Link
.com and .net Renewal Rate	75.5%	6302025	Link

VRSN Stock

Return (1M):

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

Here are the key points for why VeriSign's (VRSN) stock moved by -6.6% between July 31, 2025, and today: 1. Profit-taking after significant year-to-date gains: VeriSign's stock had experienced substantial growth earlier in 2025, being up 50% at one point and around 30% heading into its Q3 October earnings. This strong performance likely led some investors to take profits, contributing to the stock's decline in October.

2. Berkshire Hathaway stake reduction: Warren Buffett's Berkshire Hathaway sold a significant portion, one-third, of its stake in VeriSign in late July or early summer 2025, which likely negatively impacted investor sentiment.

Stock Movement Drivers

Fundamental Drivers

The -6.4% change in VRSN stock from 8/13/2025 to 11/12/2025 was primarily driven by a -8.2% change in the company's P/E Multiple.

	8132025	11122025	Change
Stock Price ($)	267.50	250.49	-6.36%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1598.20	1626.70	1.78%
Net Income Margin (%)	50.03%	49.86%	-0.34%
P/E Multiple	31.38	28.82	-8.18%
Shares Outstanding (Mil)	93.80	93.30	0.53%
Cumulative Contribution			-6.36%

LTM = Last Twelve Months as of date shown

Market Drivers

8/13/2025 to 11/12/2025

	Return	Correlation
VRSN	-6.4%
Market (SPY)	6.0%	26.0%
Sector (XLK)	9.5%	9.7%

Fundamental Drivers

The -8.9% change in VRSN stock from 5/14/2025 to 11/12/2025 was primarily driven by a -12.3% change in the company's P/E Multiple.

	5142025	11122025	Change
Stock Price ($)	274.86	250.49	-8.86%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1575.40	1626.70	3.26%
Net Income Margin (%)	50.20%	49.86%	-0.69%
P/E Multiple	32.88	28.82	-12.34%
Shares Outstanding (Mil)	94.60	93.30	1.37%
Cumulative Contribution			-8.88%

LTM = Last Twelve Months as of date shown

Market Drivers

5/14/2025 to 11/12/2025

	Return	Correlation
VRSN	-8.9%
Market (SPY)	16.6%	18.6%
Sector (XLK)	25.7%	5.4%

Fundamental Drivers

The 36.9% change in VRSN stock from 11/12/2024 to 11/12/2025 was primarily driven by a 39.0% change in the company's P/E Multiple.

	11122024	11122025	Change
Stock Price ($)	183.01	250.49	36.87%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1542.40	1626.70	5.47%
Net Income Margin (%)	55.69%	49.86%	-10.47%
P/E Multiple	20.73	28.82	39.00%
Shares Outstanding (Mil)	97.30	93.30	4.11%
Cumulative Contribution			36.64%

LTM = Last Twelve Months as of date shown

Market Drivers

11/12/2024 to 11/12/2025

	Return	Correlation
VRSN	36.9%
Market (SPY)	15.6%	31.8%
Sector (XLK)	25.1%	23.0%

Fundamental Drivers

The 30.9% change in VRSN stock from 11/13/2022 to 11/12/2025 was primarily driven by a 16.5% change in the company's Total Revenues ($ Mil).

	11132022	11122025	Change
Stock Price ($)	191.31	250.49	30.93%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	1396.00	1626.70	16.53%
Net Income Margin (%)	59.05%	49.86%	-15.58%
P/E Multiple	24.85	28.82	15.94%
Shares Outstanding (Mil)	107.10	93.30	12.89%
Cumulative Contribution			28.76%

LTM = Last Twelve Months as of date shown

Market Drivers

11/13/2023 to 11/12/2025

	Return	Correlation
VRSN	21.0%
Market (SPY)	58.8%	34.1%
Sector (XLK)	66.8%	24.7%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
VRSN Return	12%	17%	-19%	0%	0%	22%	31%
Peers Return	147%	9%	-40%	57%	10%	24%	243%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
VRSN Win Rate	58%	58%	33%	50%	50%	70%
Peers Win Rate	68%	50%	32%	62%	53%	54%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
VRSN Max Drawdown	-22%	-13%	-38%	-7%	-18%	-1%
Peers Max Drawdown	-24%	-24%	-49%	-9%	-28%	-24%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: NET, AKAM, FSLY, VRSN, GDDY. See VRSN Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 11/12/2025 (YTD)

How Low Can It Go

Unique Key	Event	VRSN	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-38.8%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	63.5%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	1044 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-30.3%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	43.5%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	53 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-19.5%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	24.2%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	579 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-59.6%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	147.8%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	1245 days	1480 days

Compare to NET, AKAM, FSLY, VRSN, GDDY

In The Past

VeriSign's stock fell -38.8% during the 2022 Inflation Shock from a high on 12/29/2021. A -38.8% loss requires a 63.5% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

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About VeriSign (VRSN)

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 resiliency of internet infrastructure and services, including providing root zone maintainer services, operating two of the 13 internet root servers; and offering registration services and authoritative resolution for the .com and .net domains, which support global e-commerce. The company also back-end systems for .cc, .gov, .edu, and .name domain names, as well as operates distributed servers, networking, security, and data integrity services. VeriSign, Inc. was incorporated in 1995 and is headquartered in Reston, Virginia.

AI Generated Analysis | Feedback

Here are 1-3 brief analogies for VeriSign (VRSN):

VeriSign is like the Visa or Mastercard for internet addresses, acting as the essential, behind-the-scenes processor for .com and .net websites.
VeriSign is like the NYSE or Nasdaq for domain names, serving as the central, authoritative registry for .com and .net internet addresses.
VeriSign is like American Tower for digital real estate, owning and managing the core infrastructure (.com and .net domain space) upon which much of the internet is built.

AI Generated Analysis | Feedback

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Domain Name Registry Services: VeriSign operates the authoritative registry for several top-level domains (TLDs), most notably .com and .net, processing all domain name registrations and renewals globally.
DNS Resolution Services: VeriSign provides critical infrastructure services to ensure the accurate and reliable resolution of domain names into IP addresses for internet users worldwide.
DNS Security Services: VeriSign offers security services, including Distributed Denial of Service (DDoS) Protection, to safeguard its own and its customers' DNS infrastructure against cyber threats.

```

AI Generated Analysis | Feedback

VeriSign (VRSN) sells primarily to other companies, specifically domain name registrars, who then sell domain names to end-users and businesses. VeriSign operates the authoritative registry for several top-level domains (TLDs), including .com and .net, and collects fees from registrars for each domain registered or renewed.

While VeriSign's customer base consists of thousands of ICANN-accredited registrars globally, and VeriSign typically states in its filings that no single registrar accounts for more than 10% of its revenue, the following public companies are among the largest domain registrars and therefore represent significant customers for VeriSign's registry services:

GoDaddy Inc. (NASDAQ: GDDY)
Squarespace, Inc. (NYSE: SQSP) - particularly after acquiring Google Domains' assets in 2023.
Amazon.com, Inc. (NASDAQ: AMZN) - through its AWS Route 53 domain registration service.
Cloudflare, Inc. (NYSE: NET) - which also offers domain registration services.

Additionally, for specialized TLDs like .gov and .edu, VeriSign's customers are directly government agencies and educational institutions, respectively.

AI Generated Analysis | Feedback

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AI Generated Analysis | Feedback

D. James Bidzos, Chairman of the Board of Directors, Executive Chairman, President and Chief Executive Officer

D. James Bidzos is the founder of VeriSign, launching the company in 1995 to develop digital certificate infrastructure for internet commerce. He is an internet and security industry pioneer who built RSA Security, an information security company, into an early standard-bearer for authentication and encryption. Bidzos served as president and CEO of RSA Data Security from 1986 to February 1999, and then as RSA's vice chairman from 1999 to May 2002. He also co-founded RSA Laboratories in 1989 and created the RSA Conference in 1991.

John Calys, Executive Vice President and Chief Financial Officer

John Calys is responsible for all of VeriSign's financial functions, including accounting, audit, treasury, corporate finance, tax, and investor relations. He has over 35 years of extensive experience in financial management and business leadership. Calys joined VeriSign in December 2010 and has held key leadership roles, including serving as Interim Chief Financial Officer during 2011 and 2012, and as Chief Accounting Officer. Prior to VeriSign, he served as Vice President and Controller for XO Communications, Inc., Vice President and Assistant Treasurer for Sprint Nextel Corporation, and Vice President and Assistant Controller for Nextel Communications, Inc.

Danny McPherson, Executive Vice President, Technology and Chief Security Officer

Danny McPherson leads VeriSign's technology and security organizations, overseeing corporate and production infrastructure, platforms, services, engineering, operations, and information and corporate security. He has over 20 years of experience in the internet network operations, security, and telecommunications industries. Before joining VeriSign in 2010, McPherson served as Chief Scientific Officer and Vice President at Arbor Networks, where he developed solutions to detect and mitigate cyberattacks. His background also includes technical leadership positions in architecture, engineering, and operations with Amber Networks, Qwest Communications, Genuity, MCI Communications, and the U.S. Army Signal Corps. He has actively participated in internet operations, research, and standardization since the early 1990s, including multiple terms on the Internet Architecture Board (IAB).

Burt Kaliski Jr., Senior Vice President and Chief Technology Officer

Dr. Burt Kaliski Jr. serves as VeriSign's Chief Technology Officer and Senior Vice President.

Thomas Indelicarto, Executive Vice President, General Counsel and Secretary

Thomas Indelicarto serves as Executive Vice President, General Counsel and Secretary at VeriSign.

AI Generated Analysis | Feedback

The emergence and growing adoption of decentralized naming systems, such as blockchain-based domains like the Ethereum Name Service (ENS) and Unstoppable Domains. These systems offer alternative, non-ICANN-controlled methods for online identity and resource resolution that operate outside the traditional DNS infrastructure managed by VeriSign. If these decentralized identifiers gain significant mainstream adoption, they could reduce the demand for traditional domain names and diminish VeriSign's central role in internet naming by providing a parallel, competing ecosystem for online identity.

AI Generated Analysis | Feedback

VeriSign, Inc. (VRSN) operates as a global provider of domain name registry services and internet infrastructure. Its main products and services include operating the authoritative registries for the .com and .net top-level domains (TLDs), as well as providing related internet infrastructure services such as DNS services and DDoS protection services.

The addressable markets for VeriSign's main products and services are:

Domain Name Registry Services (Global): VeriSign operates at the registry level within the broader domain name market. The global domain name registrar market, which encompasses the registration and management of domain names, was valued at approximately USD 10.3 billion in 2023 and is expected to reach around USD 20.4 billion by 2033, growing at a compound annual growth rate (CAGR) of 7.1% from 2025 to 2033. VeriSign's revenue is derived from fees charged to registrars for .com and .net domain name registrations and renewals. As of late 2024, VeriSign managed approximately 172.7 million domain names across .com and .net.
DNS Services (Global): The global Domain Name System (DNS) Service market was valued at USD 5,970 million in 2024 and is expected to reach USD 27,143 million by 2033, at a CAGR of 16.35% during the forecast period 2024–2033. Another report estimated the global DNS services market size at USD 424.6 million in 2022, projected to grow to USD 1,698.0 million by 2030.
DDoS Protection and Mitigation Services (Global): The global DDoS Protection and Mitigation Market was valued at approximately USD 3.5 billion in 2023 and is projected to grow at a CAGR of 14% from 2024 to 2030, reaching an estimated market value of USD 8.76 billion by 2030. Other estimates place the global market size at USD 4.68 billion in 2024, projected to reach USD 20.31 billion by 2033.

AI Generated Analysis | Feedback

Expected drivers of future revenue growth for VeriSign (VRSN) over the next 2-3 years include:

Growth in .com and .net Domain Name Registrations: VeriSign's core business relies on the expansion of its domain name base. The company's guidance for 2025 anticipates a domain name base growth of 2.2% to 2.5%. Recent performance shows a 1.4% year-over-year increase in the .com and .net domain name base for Q3 2025, with new registrations demonstrating significant strength. This sustained growth in registrations directly translates to increased revenue.
Improved Renewal Rates for .com and .net Domains: High domain name renewal rates are a crucial component of VeriSign's recurring revenue model. The preliminary renewal rate for Q3 2025 was 75.3%, an improvement from 72.2% in Q3 2024. The expected renewal rate for Q2 2025 was also robust at 75.5%, up from 72.7% in the prior year. Continued efforts to maintain and improve these rates will positively impact future revenue.
Strategic Price Increases: VeriSign periodically implements price adjustments for its domain name services. For example, the annual registry-level wholesale fee for .com domain names increased from $8.97 to $9.59, effective September 1, 2023. These contractual price increases on its vast domain base are a consistent and predictable driver of revenue growth.
Enhanced Registrar Marketing Programs and Engagement: VeriSign has been focusing on revamped marketing programs and strengthening engagement with registrars, particularly in the U.S. and EMEA regions. Management has attributed recent improvements in new domain registrations and renewal rates to the success of these initiatives, with expectations of fuller engagement in these programs by 2025.
Participation in New gTLD Rounds and AI-driven Demand: VeriSign is strategically preparing for ICANN's new gTLD (generic Top-Level Domain) round scheduled for Q2 2026, which presents opportunities for future growth through new domain extensions. Additionally, the company has observed that artificial intelligence (AI) is having a positive impact on domain registrations and the utilization of its DNS resolution services, suggesting a potential new avenue for growth.

AI Generated Analysis | Feedback

Share Repurchases

VeriSign's Board of Directors authorized an additional $1.11 billion for share repurchases on July 25, 2024, increasing the total authorized amount under its ongoing program to $1.5 billion.
During the second quarter of 2024, VeriSign repurchased 2.2 million shares of its common stock for an aggregate cost of $388 million.
In the full year 2021, the company repurchased 3.3 million shares for $700 million, following $170 million in repurchases (0.8 million shares) in Q4 2020.

Share Issuance

VeriSign's stock-based compensation, which often leads to share issuance, was $157 million for the twelve months ending June 30, 2025.
Annual stock-based compensation was $61 million in 2024, $60 million in 2023, and $59 million in 2022.
The company reported common stock issuance of $12.3 million in 2023 and 2022, and $12.4 million in 2021.

Outbound Investments

VeriSign has not reported any significant outbound investments, such as acquisitions or strategic equity stakes in other companies, within the last 3-5 years.

Capital Expenditures

Capital expenditures were -$28.7 million for the trailing twelve months ending June 30, 2025.
Annual capital expenditures were -$28.1 million in 2024, -$45.8 million in 2023, and -$27.4 million in 2022.
Projections suggest capital expenditures of $47 million for 2025 and $50 million for 2026.

Interactive Breakdown

VeriSign Interactive Breakdown Analysis

Better Bets than VeriSign (VRSN)

	VRSN	Better Performance than VRSN
Metric	Value	Industry (Internet Services & Infrastruc)
Rev Chg LTM	5.5%	GDDY (7.9%), MARA (53.5%), DOCN (14.2%), CLSK (85.1%)
Rev Chg 3Y Avg	5.2%	GDDY (5.9%), MARA (82.7%), DOCN (17.6%), CLSK (81.4%)
Op Mgn LTM	67.6%
CFO/Rev LTM	63.5%
FCF/Rev LTM	61.8%
Total Yield	3.8%	GDDY (4.4%), AKAM (3.9%), MARA (17.3%), DOCN (5.7%), CLSK (8.1%)

	VRSN	Better Performance than VRSN
Metric	Value	Sector (Information Technology)
Rev Chg LTM	5.5%	NVDA (71.6%), AAPL (6.0%), MSFT (15.6%), AVGO (28.0%), ORCL (9.7%)
Rev Chg 3Y Avg	5.2%	NVDA (92.0%), MSFT (13.2%), AVGO (24.0%), ORCL (10.2%), PLTR (29.3%)
Op Mgn LTM	67.6%	NEON (365.5%)
CFO/Rev LTM	63.5%	IDCC (72.5%), NXTT (102.0%), KLAR (87.1%)
FCF/Rev LTM	61.8%	IDCC (63.6%), NXTT (102.0%), KLAR (85.7%)
Total Yield	3.8%	IBM (4.8%), CSCO (5.7%), QCOM (4.9%), AMAT (4.4%), ACN (7.4%)

	VRSN	Better Performance than VRSN
Metric	Value	All Other Sectors
Rev Chg LTM	5.5%	GOOGL (13.4%), AMZN (10.9%), META (21.3%), LLY (36.8%), JPM (8.6%)
Rev Chg 3Y Avg	5.2%	GOOGL (11.0%), AMZN (11.3%), META (17.3%), TSLA (9.3%), BRK-B (19.8%)
Op Mgn LTM	67.6%	FNV (69.1%), VICI (92.6%), IBKR (85.5%), TPL (75.8%), GLPI (72.7%)
CFO/Rev LTM	63.5%	RY (135.4%), CME (65.0%), SPG (65.3%), O (67.1%), PSA (67.3%)
FCF/Rev LTM	61.8%	RY (131.7%), CME (63.8%), O (67.1%), ARES (83.9%), VICI (62.0%)
Total Yield	3.8%	GOOGL (3.9%), META (4.2%), BRK-B (6.2%), JPM (6.6%), XOM (9.4%)

		Best Bets In Information Technology Sector
	VRSN	VRSN	NVDA	RMBS	APP	YOU	ANET	GEN	IDCC	DBX	DAVE
What You Pay
P/E	28.8	28.8	54.5	48.1	69.9	20.2	50.6	29.2	18.4	16.0	22.2
P/EBIT	20.8	20.8	46.8	41.0	60.5	22.1	46.9	10.4	14.9	13.0	25.3
What You Get
Rev Chg Q	7.3%	7.3%	55.6%	22.7%	68.2%	15.5%	27.5%	25.3%	28.0%	-0.7%	63.0%
Rev Chg LTM	5.5%	5.5%	71.6%	31.0%	86.4%	17.8%	27.8%	16.2%	28.8%	-0.4%	53.8%
Rev Chg 3Y Avg	5.2%	5.2%	92.0%	17.3%	36.0%	31.0%	29.4%	16.5%	27.1%	3.4%	38.6%
FCF/Rev 3Y Avg	57.4%	57.4%	41.3%	39.3%	42.6%	32.5%	41.0%	36.7%	54.2%	33.4%	26.0%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 24%, alpha of 2.9%, and sharpe of 1.04

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	VeriSign Earnings Notes
2	Better Bet Than VeriSign Stock: GDDY Delivers More	Actionable
3	VeriSign Stock Drop Looks Sharp, But How Deep Can It Go?	Return
4	VeriSign vs VICI Properties: Which Is A Better Investment?	Counter-Intuitive Comparisons
5	null
6	Better Bet Than VRSN Stock: Pay Less Than VeriSign To Get More From ADBE, MU
7	Better Bet Than VRSN Stock: Pay Less Than VeriSign To Get More From GDDY
8	VeriSign Total Shareholder Return (TSR): 0.5% in 2024 and -6.6% 3-yr compounded annual returns (above peer average)
9	VeriSign (VRSN) Operating Cash Flow Comparison	Financials
10	VeriSign (VRSN) Net Income Comparison	Financials
11	ARTICLES
12	Why GDDY Could Outperform VeriSign Stock		November 5th, 2025
13	Better Value & Growth: GDDY Leads VeriSign Stock		October 16th, 2025
14	Better Bet Than VeriSign Stock: Pay Less To Get More From GDDY		October 2nd, 2025
15	Better Bet Than VeriSign Stock: Pay Less To Get More From GDDY		September 2nd, 2025
16	Mid Cap Stocks Trading At 52-Week High		July 29th, 2025

	Title
0	DASHBOARDS
1	VeriSign Earnings Notes
2	Better Bet Than VeriSign Stock: GDDY Delivers More
3	VeriSign Stock Drop Looks Sharp, But How Deep Can It Go?
4	VeriSign vs VICI Properties: Which Is A Better Investment?
5	null
6	Better Bet Than VRSN Stock: Pay Less Than VeriSign To Get More From ADBE, MU
7	Better Bet Than VRSN Stock: Pay Less Than VeriSign To Get More From GDDY
8	VeriSign Total Shareholder Return (TSR): 0.5% in 2024 and -6.6% 3-yr compounded annual returns (above peer average)
9	VeriSign (VRSN) Operating Cash Flow Comparison
10	VeriSign (VRSN) Net Income Comparison
11	ARTICLES
12	Why GDDY Could Outperform VeriSign Stock
13	Better Value & Growth: GDDY Leads VeriSign Stock
14	Better Bet Than VeriSign Stock: Pay Less To Get More From GDDY
15	Better Bet Than VeriSign Stock: Pay Less To Get More From GDDY
16	Mid Cap Stocks Trading At 52-Week High

Trade Ideas

Select past ideas related to VRSN. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ZBRA_10312025_Dip_Buyer_FCFYield	10312025	ZBRA	Zebra Technologies	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-5.0%	-5.0%	-5.2%
ACN_10312025_Dip_Buyer_ValueBuy	10312025	ACN	Accenture	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-1.4%	-1.4%	-3.5%
ADBE_10312025_Dip_Buyer_ValueBuy	10312025	ADBE	Adobe	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-1.0%	-1.0%	-3.9%
TXN_10312025_Monopoly_xInd_xCD_Getting_Cheaper	10312025	TXN	Texas Instruments	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.0%	1.0%	-1.3%
MRVL_10242025_Monopoly_xInd_xCD_Getting_Cheaper	10242025	MRVL	Marvell Technology	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	6.2%	6.2%	0.0%
VRSN_4302024_Monopoly_xInd_xCD_Getting_Cheaper	04302024	VRSN	VeriSign	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	5.5%	66.5%	-0.7%
VRSN_11302022_Monopoly_xInd_xCD_Getting_Cheaper	11302022	VRSN	VeriSign	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	11.8%	6.2%	-4.3%
VRSN_4302022_Monopoly_xInd_xCD_Getting_Cheaper	04302022	VRSN	VeriSign	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	13.8%	24.1%	-12.4%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
ZBRA_10312025_Dip_Buyer_FCFYield	10312025	ZBRA	Zebra Technologies	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-5.0%	-5.0%	-5.2%
ACN_10312025_Dip_Buyer_ValueBuy	10312025	ACN	Accenture	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-1.4%	-1.4%	-3.5%
ADBE_10312025_Dip_Buyer_ValueBuy	10312025	ADBE	Adobe	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-1.0%	-1.0%	-3.9%
TXN_10312025_Monopoly_xInd_xCD_Getting_Cheaper	10312025	TXN	Texas Instruments	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	1.0%	1.0%	-1.3%
MRVL_10242025_Monopoly_xInd_xCD_Getting_Cheaper	10242025	MRVL	Marvell Technology	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	6.2%	6.2%	0.0%
VRSN_4302024_Monopoly_xInd_xCD_Getting_Cheaper	04302024	VRSN	VeriSign	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	5.5%	66.5%	-0.7%
VRSN_11302022_Monopoly_xInd_xCD_Getting_Cheaper	11302022	VRSN	VeriSign	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	11.8%	6.2%	-4.3%
VRSN_4302022_Monopoly_xInd_xCD_Getting_Cheaper	04302022	VRSN	VeriSign	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	13.8%	24.1%	-12.4%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MH	McGraw Hill	2.7	23.9%
BBAI	BigBear.ai	2.3	18.3%	61.1%
KALV	KalVista Pharmaceuticals	0.7	16.3%	57.5%
ORLA	Orla Mining	3.9	13.8%	117.3%
WOLF	Wolfspeed	3.0	12.4%
ERAS	Erasca	0.8	12.3%	5.6%
BILL	BILL	5.4	11.5%	-38.7%
OPEN	Opendoor Technologies	6.8	10.5%	485.6%
NEXA	Nexa Resources	0.8	9.6%	-30.1%
AMD	Advanced Micro Devices	420.2	9.0%	114.3%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
NRGV	Energy Vault	0.5	-19.8%	50.9%
AESI	Atlas Energy Solutions	1.1	-16.2%	-59.5%
TE	T1 Energy	0.6	-12.7%
WYFI	Whitefiber	0.8	-11.9%
EVH	Evolent Health	0.5	-11.7%	-60.4%
SOC	Sable Offshore	0.6	-11.5%	-72.1%
HIVE	HIVE Digital Technologies	0.7	-11.3%	43.9%
CCOI	Cogent Communications	0.9	-10.3%	-74.4%
ACDC	ProFrac	0.6	-10.2%	-50.8%
MVST	Microvast	1.3	-10.2%	94.4%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LXP	LXP Industrial Trust	13.3	369.8%	17.4%
COGT	Cogent Biosciences	4.0	144.5%	352.1%
ORGO	Organogenesis	0.8	63.2%	102.5%
APPN	Appian	3.4	55.6%	38.4%
FSLY	Fastly	1.7	47.5%	26.1%
SKYT	SkyWater Technology	1.0	45.4%	55.0%
HAE	Haemonetics	3.5	44.2%	-6.4%
INNV	InnovAge	0.8	42.6%	44.8%
KODK	Eastman Kodak	0.7	42.2%	27.7%
IOVA	Iovance Biotherapeutics	0.8	40.3%	-65.7%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ASPN	Aspen Aerogels	0.3	-53.7%	-71.1%
CCOI	Cogent Communications	0.9	-51.7%	-74.4%
BLZE	Backblaze	0.3	-41.8%	-9.6%
BTDR	Bitdeer Technologies	2.7	-36.9%	-35.7%
AIRS	AirSculpt Technologies	0.4	-36.5%	17.5%
PRCH	Porch	1.0	-36.3%	106.7%
FOXF	Fox Factory	0.6	-35.3%	-51.0%
ELF	e.l.f. Beauty	4.4	-34.0%	-38.1%
JBI	Janus International	0.9	-32.8%	-15.1%
ACVA	ACV Auctions	0.9	-32.6%	-74.6%

1 Month Top Gainers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
PRAX	Praxis Precision Medicines	3.9	249.6%	138.6%
VTYX	Ventyx Biosciences	0.7	160.5%	334.2%
TERN	Terns Pharmaceuticals	1.9	151.2%	266.4%
COGT	Cogent Biosciences	4.0	128.5%	352.1%
SNDK	SanDisk	41.0	122.4%
INBX	Inhibrx Biosciences	1.1	110.6%	376.1%
REPL	Replimune	0.8	107.8%	-25.4%
PUMP	ProPetro	1.1	103.7%	11.8%
CELC	Celcuity	3.7	84.3%	550.5%
MBX	MBX Biosciences	0.8	82.0%	33.5%

1 Month Top Losers

Ticker	Company	Mkt Cap (B)	1M Rtn	YTD Rtn
NKLR	Terra Innovatum Global	0.3	-67.8%
SOC	Sable Offshore	0.6	-63.8%	-72.1%
TMQ	Trilogy Metals	0.7	-62.0%	247.4%
NTLA	Intellia Therapeutics	1.0	-60.3%	-18.6%
CCOI	Cogent Communications	0.9	-58.0%	-74.4%
ASPN	Aspen Aerogels	0.3	-57.6%	-71.1%
UAMY	United States Antimony	0.9	-56.4%	330.5%
METC	Ramaco Resources	1.3	-55.4%	140.7%
LRN	Stride	2.8	-55.2%	-36.9%
USAR	USA Rare Earth	1.6	-54.9%	56678.5%

Recent Active Movers

1 Day Top Gainers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
MH	McGraw Hill	2.7	23.9%
BBAI	BigBear.ai	2.3	18.3%	61.1%
KALV	KalVista Pharmaceuticals	0.7	16.3%	57.5%
ORLA	Orla Mining	3.9	13.8%	117.3%
WOLF	Wolfspeed	3.0	12.4%
ERAS	Erasca	0.8	12.3%	5.6%
BILL	BILL	5.4	11.5%	-38.7%
OPEN	Opendoor Technologies	6.8	10.5%	485.6%
NEXA	Nexa Resources	0.8	9.6%	-30.1%
AMD	Advanced Micro Devices	420.2	9.0%	114.3%

1 Day Top Losers

Ticker	Company	Mkt Cap (B)	1D Rtn	YTD Rtn
NRGV	Energy Vault	0.5	-19.8%	50.9%
AESI	Atlas Energy Solutions	1.1	-16.2%	-59.5%
TE	T1 Energy	0.6	-12.7%
WYFI	Whitefiber	0.8	-11.9%
EVH	Evolent Health	0.5	-11.7%	-60.4%
SOC	Sable Offshore	0.6	-11.5%	-72.1%
HIVE	HIVE Digital Technologies	0.7	-11.3%	43.9%
CCOI	Cogent Communications	0.9	-10.3%	-74.4%
ACDC	ProFrac	0.6	-10.2%	-50.8%
MVST	Microvast	1.3	-10.2%	94.4%

1 Week Top Gainers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
LXP	LXP Industrial Trust	13.3	369.8%	17.4%
COGT	Cogent Biosciences	4.0	144.5%	352.1%
ORGO	Organogenesis	0.8	63.2%	102.5%
APPN	Appian	3.4	55.6%	38.4%
FSLY	Fastly	1.7	47.5%	26.1%
SKYT	SkyWater Technology	1.0	45.4%	55.0%
HAE	Haemonetics	3.5	44.2%	-6.4%
INNV	InnovAge	0.8	42.6%	44.8%
KODK	Eastman Kodak	0.7	42.2%	27.7%
IOVA	Iovance Biotherapeutics	0.8	40.3%	-65.7%

1 Week Top Losers

Ticker	Company	Mkt Cap (B)	1W Rtn	YTD Rtn
ASPN	Aspen Aerogels	0.3	-53.7%	-71.1%
CCOI	Cogent Communications	0.9	-51.7%	-74.4%
BLZE	Backblaze	0.3	-41.8%	-9.6%
BTDR	Bitdeer Technologies	2.7	-36.9%	-35.7%
AIRS	AirSculpt Technologies	0.4	-36.5%	17.5%
PRCH	Porch	1.0	-36.3%	106.7%
FOXF	Fox Factory	0.6	-35.3%	-51.0%
ELF	e.l.f. Beauty	4.4	-34.0%	-38.1%
JBI	Janus International	0.9	-32.8%	-15.1%
ACVA	ACV Auctions	0.9	-32.6%	-74.6%

Peer Comparisons for VeriSign

Financials

	VRSN	NET	AKAM	FSLY	GDDY	Median
Name	VeriSign	Cloudfla.	Akamai T.	Fastly	GoDaddy
Mkt Price	250.49	225.68	90.10	11.90	132.53	132.53
Mkt Cap	23.4	78.8	12.9	1.8	18.4	18.4
Rev LTM	1,627	2,013	4,133	592	4,752	2,013
Op Inc LTM	1,100	-193	637	-137	1,036	637
FCF LTM	1,005	209	718	34	1,453	718
FCF 3Y Avg	892	160	740	-16	1,152	740
CFO LTM	1,033	540	1,496	77	1,480	1,033
CFO 3Y Avg	925	375	1,454	26	1,199	925

Growth & Margins

	VRSN	NET	AKAM	FSLY	GDDY	Median
Name	VeriSign	Cloudfla.	Akamai T.	Fastly	GoDaddy
Rev Chg LTM	5.5%	28.1%	4.2%	9.4%	7.9%	7.9%
Rev Chg 3Y Avg	5.2%	31.1%	4.8%	13.0%	5.9%	5.9%
Rev Chg Q	7.3%	30.7%	5.0%	15.3%	8.3%	8.3%
QoQ Delta Rev Chg LTM	1.8%	7.0%	1.2%	3.7%	2.0%	2.0%
Op Mgn LTM	67.6%	-9.6%	15.4%	-23.2%	21.8%	15.4%
Op Mgn 3Y Avg	67.5%	-12.0%	16.8%	-31.4%	17.5%	16.8%
QoQ Delta Op Mgn LTM	-0.3%	0.3%	0.0%	1.1%	0.7%	0.3%
CFO/Rev LTM	63.5%	26.8%	36.2%	13.0%	31.2%	31.2%
CFO/Rev 3Y Avg	59.6%	22.9%	36.8%	4.3%	26.8%	26.8%
FCF/Rev LTM	61.8%	10.4%	17.4%	5.8%	30.6%	17.4%
FCF/Rev 3Y Avg	57.4%	9.9%	18.7%	-3.6%	25.7%	18.7%

Valuation

	VRSN	NET	AKAM	FSLY	GDDY	Median
Name	VeriSign	Cloudfla.	Akamai T.	Fastly	GoDaddy
Mkt Cap	23.4	78.8	12.9	1.8	18.4	18.4
P/S	14.4	39.2	3.1	3.0	3.9	3.9
P/EBIT	20.8	-919.7	18.8	-14.1	17.4	17.4
P/E	28.8	-765.1	25.5	-12.7	22.7	22.7
P/CFO	22.6	146.0	8.6	22.8	12.4	22.6
Total Yield	3.8%	-0.1%	3.9%	-7.9%	4.4%	3.8%
Dividend Yield	0.3%	0.0%	0.0%	0.0%	0.0%	0.0%
FCF Yield 3Y Avg	4.1%	0.5%	5.4%	-0.8%	6.8%	4.1%
D/E	0.1	0.0	0.4	0.2	0.2	0.2
Net D/E	0.1	-0.0	0.3	0.0	0.2	0.1

Returns

	VRSN	NET	AKAM	FSLY	GDDY	Median
Name	VeriSign	Cloudfla.	Akamai T.	Fastly	GoDaddy
1M Rtn	-5.1%	1.4%	22.1%	44.8%	0.1%	1.4%
3M Rtn	-6.4%	13.2%	19.4%	64.4%	-7.5%	13.2%
6M Rtn	-8.9%	46.1%	16.2%	43.9%	-29.5%	16.2%
12M Rtn	36.9%	148.2%	0.0%	68.6%	-29.2%	36.9%
3Y Rtn	30.9%	320.2%	-3.5%	19.5%	79.1%	30.9%
1M Excs Rtn	-8.6%	0.6%	18.5%	44.4%	-2.9%	0.6%
3M Excs Rtn	-12.0%	9.6%	15.4%	66.3%	-13.6%	9.6%
6M Excs Rtn	-25.1%	29.8%	-0.0%	27.6%	-45.8%	-0.0%
12M Excs Rtn	23.0%	133.1%	-13.5%	40.9%	-39.7%	23.0%
3Y Excs Rtn	-38.4%	398.4%	-72.5%	-44.0%	13.0%	-38.4%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020	2019
Period End	9/30/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Filing Date	10/23/2025	2/13/2025	2/15/2024	2/17/2023	2/18/2022	2/19/2021	2/14/2020
Key Financials
Total Revenue	1,627	1,557	1,493	1,425	1,328	1,265	1,232
EBITDA	1,156	1,134	1,096	1,002	913	887	896
Operating Income	1,100	1,058	1,001	943	867	824	806
Net Income	811	786	818	674	785	815	612
EPS	8.60	8.01	7.91	6.24	7.01	7.08	5.17
Growth Rates
Total Revenue Growth	5.5%	4.3%	4.8%	7.3%	4.9%	2.7%	1.4%
EBITDA Growth	1.4%	3.5%	9.3%	9.7%	3.0%	-1.0%	0.7%
Operating Income Growth	4.7%	5.8%	6.1%	8.8%	5.2%	2.2%	5.0%
Net Income Growth	-5.6%	-3.9%	21.3%	-14.1%	-3.7%	33.1%	5.1%
Margins
EBITDA Margin	71.0%	72.8%	73.4%	70.3%	68.8%	70.1%	72.7%
Operating Income Margin	67.6%	67.9%	67.0%	66.2%	65.3%	65.2%	65.5%
Net Income Margin	49.9%	50.4%	54.8%	47.3%	59.1%	64.4%	49.7%
Cash & Debt
Total Cash	618	600	926	980	1,206	1,167	1,218
Total Debt	1,794	1,802	1,798	1,795	1,788	1,795	1,792
Net Debt / (Cash)	1,176	1,202	871	815	582	628	574
Cash Flows
Net Cash from Operations	1,033	903	854	831	807	730	754
Free Cash from Operations	1,005	874	808	804	754	687	714
Returns to Shareholders
Dividends	72	-0	-0	-0	-0	-0	-0
Share Repurchases	890	1,226	901	1,048	723	777	783

$ Mil \| FY: 12/31	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4
Period End	9/30/2025	6/30/2025	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022
Filing Date	10/23/2025	7/24/2025	4/24/2025	2/13/2025	10/24/2024	7/25/2024	4/25/2024	2/15/2024	10/26/2023	7/27/2023	4/27/2023	2/17/2023
Key Financials Quarterly
Total Revenue	419	410	402	395	391	387	384	380	376	372	364	369
Ebitda	298	294	288	276	289	287	283	281	278	273	264	263
Operating Income	284	281	271	264	269	266	259	256	254	249	241	246
Net Income	213	207	199	192	201	199	194	265	188	186	179	180
EPS	2.28	2.21	2.11	2.00	2.07	2.01	1.93	2.60	1.83	1.79	1.70	1.70
Key Financials TTM
Total Revenue TTM	1,627	1,598	1,575	1,557	1,542	1,528	1,513	1,493	1,482	1,462	1,442	1,425
Ebitda TTM	1,156	1,147	1,139	1,134	1,139	1,129	1,114	1,096	1,078	1,053	1,030	1,002
Operating Income TTM	1,100	1,085	1,070	1,058	1,051	1,036	1,018	1,001	990	972	960	943
Net Income TTM	811	800	791	786	859	846	833	818	732	713	695	674
Growth Rates Quarterly
Total Revenue Growth	7.3%	5.9%	4.7%	3.9%	3.8%	4.1%	5.5%	3.0%	5.4%	5.7%	5.0%	8.5%
EBITDA Growth	3.2%	2.6%	1.8%	-1.8%	3.8%	5.2%	7.0%	6.8%	9.9%	9.3%	11.5%	12.0%
Operating Income Growth	5.6%	5.4%	4.8%	2.9%	5.9%	7.0%	7.3%	4.4%	7.4%	5.4%	7.3%	10.5%
Net Income Growth	5.7%	4.3%	2.7%	-27.7%	6.8%	7.1%	8.6%	47.5%	11.2%	11.0%	13.5%	-45.6%
Margins Quarterly
EBITDA Margin	71.1%	71.8%	71.5%	69.7%	73.9%	74.1%	73.5%	73.8%	73.9%	73.3%	72.5%	71.2%
Operating Income Margin	67.8%	68.5%	67.4%	66.7%	68.9%	68.8%	67.4%	67.4%	67.6%	66.9%	66.2%	66.5%
Net Income Margin	50.8%	50.6%	49.5%	48.4%	51.5%	51.4%	50.5%	69.6%	50.1%	49.9%	49.0%	48.6%
Cash & Debt
Total Cash	618	594	648	600	645	690	925	926	944	936	1,015	980
Total Debt	1,794	1,792	1,792	1,802	1,802	1,803	1,796	1,798	1,798	1,789	1,788	1,795
Net Debt / (Cash)	1,176	1,198	1,143	1,202	1,157	1,113	871	871	855	853	774	815
Cash Flows Quarterly
FCF from Operations	308	202	291	232	253	160	257	204	245	145	259	217
Cash Flows TTM
FCF from Operations TTM	1,033	979	937	903	875	867	852	854	866	883	883	831
Returns to Shareholders Quarterly
Dividends	72	0	0	0	0	0	0	0	0	0	0	0
Share Repurchases	219	167	242	262	303	390	270	226	222	223	230	214
Return on Invested Capital (ROIC) Quarterly
ROIC	8.0%	7.6%	7.2%	6.9%	6.9%	6.7%	6.4%	8.1%	6.0%	5.8%	5.6%	5.6%
Return on Invested Capital (ROIC) TTM
ROIC TTM	7.7%	7.4%	7.1%	6.9%	7.3%	7.0%	6.8%	6.6%	5.9%	5.7%	5.6%	5.4%

Segment Financials

Revenue by Segment

$ Mil	2024	2023	2022	2021	2020
Single Segment	1,493	1,425	1,328	1,265	1,232
Total	1,493	1,425	1,328	1,265	1,232

Price Behavior

Price Behavior

Market Price	$250.49
Market Cap ($ Bil)	23.4
First Trading Date	01/30/1998
Distance from 52W High	-17.9%
	50 Days	200 Days
DMA Price	$266.25	$262.56
DMA Trend	up	down
Distance from DMA	-5.9%	-4.6%
	3M	1YR
Volatility	22.2%	25.9%
Downside Capture	94.95	38.05
Upside Capture	31.57	63.86
Correlation (SPY)	26.2%	31.9%

VRSN Betas & Captures as of 10/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.45	0.46	0.36	0.28	0.42	0.59
Up Beta	1.63	1.60	0.66	-0.02	0.37	0.56
Down Beta	-0.27	-0.10	0.08	-0.18	0.44	0.53
Up Capture	-58%	-18%	2%	22%	46%	28%
Bmk +ve Days	14	27	37	74	145	425
Stock +ve Days	9	20	31	67	147	394
Down Capture	172%	120%	88%	109%	44%	88%
Bmk -ve Days	9	17	28	53	106	327
Stock -ve Days	14	24	34	60	104	358

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of VRSN With Other Asset Classes (Last 1Y)
	VRSN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	35.5%	24.4%	15.8%	54.6%	0.8%	-1.3%	36.2%
Annualized Volatility	25.8%	27.2%	19.4%	19.8%	16.1%	17.8%	36.5%
Sharpe Ratio	1.14	0.78	0.63	2.09	-0.13	-0.22	0.68
Correlation With Other Assets		22.9%	31.7%	4.9%	1.1%	31.7%	6.5%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Based On 5-Year Data

		Comparison of VRSN With Other Asset Classes (Last 5Y)
	VRSN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	4.4%	21.1%	16.3%	16.6%	13.2%	6.3%	48.9%
Annualized Volatility	24.2%	24.6%	17.1%	15.7%	18.9%	19.1%	49.3%
Sharpe Ratio	0.16	0.77	0.78	0.85	0.58	0.25	0.76
Correlation With Other Assets		52.4%	55.9%	10.3%	3.8%	45.6%	21.0%

Based On 10-Year Data

		Comparison of VRSN With Other Asset Classes (Last 10Y)
	VRSN	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	12.0%	22.2%	14.4%	13.8%	5.2%	5.2%	73.8%
Annualized Volatility	26.0%	24.2%	18.0%	14.8%	17.7%	20.9%	56.1%
Sharpe Ratio	0.46	0.84	0.69	0.77	0.22	0.22	0.93
Correlation With Other Assets		62.4%	63.7%	6.0%	15.2%	47.9%	15.5%

Short Interest

Short Interest: As Of Date	10312025
Short Interest: Shares Quantity	2,283,133
Short Interest: % Change Since 10152025	34.9%
Average Daily Volume	1,272,418
Days-to-Cover Short Interest	1.79
Basic Shares Quantity	93,300,000
Short % of Basic Shares	2.4%

Returns Analyses

	Title
0	VeriSign Stock Drop Looks Sharp, But How Deep Can It Go?
1	VeriSign During 2008 Recession vs. 2022 Inflation Shock: VRSN Stock Has Recovered To Its December 2021 High And Looks Fairly Priced
2	VRSN YTD Stock Return Of -19% Outperforms FSLY by 81% and Underperforms AKAM by -1.4%
3	VeriSign Stock Return Comparison

Earnings Returns History

Expand for More

	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
10/23/2025	-1.4%	-6.0%
7/24/2025	6.7%	-6.2%	-5.7%
4/24/2025	8.0%	10.7%	11.1%
2/6/2025	0.5%	4.2%	8.6%
10/24/2024	-2.1%	-4.5%	-2.3%
7/25/2024	4.2%	6.6%	1.5%
4/25/2024	-3.9%	-7.8%	-6.3%
2/8/2024	-1.3%	-1.6%	-4.1%
...
SUMMARY STATS
# Positive	11	8	11
# Negative	13	16	13
Median Positive	3.6%	5.4%	4.2%
Median Negative	-2.1%	-3.3%	-6.3%
Max Positive	9.5%	10.7%	16.0%
Max Negative	-14.3%	-15.7%	-18.5%

	Forward Returns
10/23/2025	-1.4%	-6.0%
7/24/2025	6.7%	-6.2%	-5.7%
4/24/2025	8.0%	10.7%	11.1%
2/6/2025	0.5%	4.2%	8.6%
10/24/2024	-2.1%	-4.5%	-2.3%
7/25/2024	4.2%	6.6%	1.5%
4/25/2024	-3.9%	-7.8%	-6.3%
2/8/2024	-1.3%	-1.6%	-4.1%
10/26/2023	-5.8%	-2.0%	4.6%
7/27/2023	-0.6%	-0.6%	-1.8%
4/27/2023	2.3%	1.8%	4.2%
2/9/2023	1.0%	-0.3%	-8.1%
10/27/2022	9.5%	-3.0%	6.4%
7/28/2022	3.6%	8.0%	2.7%
4/28/2022	-14.3%	-15.7%	-15.4%
2/10/2022	0.7%	-2.0%	-6.2%
10/28/2021	5.7%	9.4%	16.0%
7/22/2021	-4.7%	-7.5%	-8.8%
4/22/2021	-0.4%	3.4%	4.2%
2/11/2021	-1.1%	-3.2%	-6.9%
10/22/2020	-3.4%	-7.8%	-5.5%
7/23/2020	1.5%	1.5%	0.6%
4/23/2020	-0.4%	-1.6%	0.3%
2/6/2020	-5.5%	-3.3%	-18.5%
SUMMARY STATS
# Positive	11	8	11
# Negative	13	16	13
Median Positive	3.6%	5.4%	4.2%
Median Negative	-2.1%	-3.3%	-6.3%
Max Positive	9.5%	10.7%	16.0%
Max Negative	-14.3%	-15.7%	-18.5%

SEC Filings

Expand for More

Report Date	Filing Date	Filing
9302025	10232025	10-Q 9/30/2025
6302025	7242025	10-Q 6/30/2025
3312025	4242025	10-Q 3/31/2025
12312024	2132025	10-K 12/31/2024
9302024	10242024	10-Q 9/30/2024
6302024	7252024	10-Q 6/30/2024
3312024	4252024	10-Q 3/31/2024
12312023	2152024	10-K 12/31/2023
9302023	10262023	10-Q 9/30/2023
6302023	7272023	10-Q 6/30/2023
3312023	4272023	10-Q 3/31/2023
12312022	2172023	10-K 12/31/2022
9302022	10272022	10-Q 9/30/2022
6302022	7282022	10-Q 6/30/2022
3312022	4282022	10-Q 3/31/2022
12312021	2182022	10-K 12/31/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	BIDZOS D JAMES	Exec. Chairman, Pres, & CEO	10232025	Sell	266.32	1,789	476,440	124,010,245	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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VeriSign (VRSN)

Market Price (11/13/2025): $250.63 | Market Cap: $23.4 BilSector: Information Technology | Industry: Internet Services & Infrastructure

VeriSign (VRSN)

Market Price (11/13/2025): $250.63Market Cap: $23.4 BilSector: Information TechnologyIndustry: Internet Services & Infrastructure

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VRSN Stock

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Market Price (11/13/2025): $250.63 | Market Cap: $23.4 Bil
Sector: Information Technology | Industry: Internet Services & Infrastructure

Market Price (11/13/2025): $250.63
Market Cap: $23.4 Bil
Sector: Information Technology
Industry: Internet Services & Infrastructure