VeriSign (VRSN) Financials

$292.62 -2.53 (-0.86%)

As of 03:27 PM Eastern

Annual Income Statements for VeriSign

This table shows VeriSign's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	375	441	457	582	612	815	785	674	818	786	826
Consolidated Net Income / (Loss)	375	441	457	582	612	815	785	674	818	786	826
Net Income / (Loss) Continuing Operations	375	441	457	582	612	815	785	674	818	786	826
Total Pre-Tax Income	488	581	599	730	759	750	782	880	977	1,022	1,069
Total Operating Income	606	687	708	767	806	824	867	943	1,001	1,058	1,121
Total Gross Profit	867	944	972	1,023	1,051	1,085	1,136	1,224	1,296	1,366	1,460
Total Revenue	1,059	1,142	1,165	1,215	1,232	1,265	1,328	1,425	1,493	1,557	1,657
Operating Revenue	1,059	1,142	1,165	1,215	1,232	1,265	1,328	1,425	1,493	1,557	1,657
Total Cost of Revenue	193	198	193	192	180	180	192	201	197	191	196
Operating Cost of Revenue	193	198	193	192	180	180	192	201	197	191	196
Total Operating Expenses	261	257	264	255	245	261	269	281	295	308	339
Selling, General & Admin Expense	107	118	130	133	138	186	188	195	204	211	236
Research & Development Expense	64	59	52	58	61	75	81	86	91	97	104
Total Other Income / (Expense), net	-118	-105	-109	-38	-47	-74	-85	-63	-24	-36	-53
Interest Expense	108	116	136	115	91	90	83	75	75	75	77
Other Income / (Expense), net	-11	10	28	77	43	16	-1.30	12	51	39	25
Income Tax Expense	112	141	142	147	146	-65	-2.60	206	159	236	243
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-	-	-	-	-	-	0.00	-0.10	-0.10	-0.10	0.20
Basic Earnings per Share	$3.29	$4.12	$4.56	$5.13	$5.17	$7.08	$7.01	$6.24	$7.91	$8.01	$8.83
Weighted Average Basic Shares Outstanding	114.16M	107.00M	100.33M	113.45M	118.51M	115.10M	112M	107.90M	103.40M	98.10M	93.50M
Diluted Earnings per Share	$2.82	$3.42	$3.68	$4.75	$5.15	$7.07	$7.00	$6.24	$7.90	$8.00	$8.81
Weighted Average Diluted Shares Outstanding	133.03M	128.83M	124.18M	122.66M	118.97M	115.30M	112.20M	108M	103.50M	98.20M	93.80M
Weighted Average Basic & Diluted Shares Outstanding	114.10M	107M	100.30M	113.50M	116.42M	113.09M	110.17M	104.88M	100.90M	94.60M	91.70M
Cash Dividends to Common per Share	-	-	-	-	-	-	-	-	$0.00	$0.00	$2.31

This table shows VeriSign's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	189	265	194	199	202	191	199	207	213	206	214
Consolidated Net Income / (Loss)	189	265	194	199	201	192	199	207	213	206	215
Net Income / (Loss) Continuing Operations	189	265	194	199	201	192	199	207	213	206	215
Total Pre-Tax Income	249	252	254	259	261	248	258	267	272	271	279
Total Operating Income	254	256	259	266	269	264	271	281	284	285	294
Total Gross Profit	328	332	335	340	344	347	353	361	370	376	380
Total Revenue	376	380	384	387	391	395	402	410	419	425	429
Operating Revenue	376	380	384	387	391	395	402	410	419	425	429
Total Cost of Revenue	49	49	49	47	47	48	49	49	49	49	49
Operating Cost of Revenue	49	49	49	47	47	48	49	49	49	49	49
Total Operating Expenses	73	76	76	74	75	83	82	80	86	92	86
Selling, General & Admin Expense	52	53	52	50	51	58	56	54	61	65	59
Research & Development Expense	22	23	25	24	23	25	26	26	25	27	28
Total Other Income / (Expense), net	-5.70	-4.70	-4.90	-7.30	-8.40	-16	-13	-13	-13	-14	-14
Interest Expense	19	19	19	19	19	19	20	19	19	19	19
Other Income / (Expense), net	13	14	14	12	11	3.10	7.50	5.50	6.30	5.20	4.70
Income Tax Expense	60	-13	60	60	60	57	59	60	59	65	65
Other Adjustments to Net Income / (Loss) Attributable to Common Shareholders)	-0.40	-0.40	0.20	0.00	-0.40	0.10	0.30	0.00	-0.10	-	0.10
Basic Earnings per Share	$1.83	$2.59	$1.93	$2.01	$2.07	$2.00	$2.11	$2.21	$2.28	$2.23	$2.34
Weighted Average Basic Shares Outstanding	102.90M	103.40M	100.80M	98.90M	97.30M	98.10M	94.60M	93.80M	93.30M	93.50M	91.60M
Diluted Earnings per Share	$1.83	$2.58	$1.92	$2.01	$2.07	$2.00	$2.10	$2.21	$2.27	$2.23	$2.34
Weighted Average Diluted Shares Outstanding	103M	103.50M	100.90M	99M	97.30M	98.20M	94.80M	94M	93.60M	93.80M	91.80M
Weighted Average Basic & Diluted Shares Outstanding	102.10M	100.90M	99.60M	97.60M	96.10M	94.60M	93.90M	93.40M	92.70M	91.70M	91M
Cash Dividends to Common per Share	-	-	-	$0.00	$0.00	-	$0.00	$0.77	$0.77	-	$0.81

This table details how cash moves in and out of VeriSign's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	37	0.95	-21	-108	151	-107	-182	150	-134	-33	97
Net Cash From Operating Activities	670	693	703	698	754	730	807	831	854	903	1,091
Net Cash From Continuing Operating Activities	507	522	448	698	754	730	807	831	854	903	1,091
Net Income / (Loss) Continuing Operations	375	441	457	582	612	815	785	674	818	786	826
Consolidated Net Income / (Loss)	375	441	457	582	612	815	785	674	818	786	826
Depreciation Expense	61	58	50	48	46	46	48	47	44	37	31
Amortization Expense	10	13	-15	-18	-	-	-0.40	-7.70	-28	-21	-12
Non-Cash Adjustments To Reconcile Net Income	35	50	42	-2.34	39	39	60	62	63	65	76
Changes in Operating Assets and Liabilities, net	25	-40	168	88	57	-170	-85	56	-43	36	170
Net Cash From Investing Activities	-497	-43	-405	1,070	167	-72	-269	356	-97	286	109
Net Cash From Continuing Investing Activities	-497	-43	-405	1,070	167	-72	-269	356	-97	286	109
Purchase of Property, Plant & Equipment	-41	-27	-49	-37	-40	-43	-53	-27	-46	-28	-23
Purchase of Investments	-3,219	-3,691	-4,930	-2,977	-2,031	-2,355	-2,871	-1,338	-1,331	-881	-572
Sale and/or Maturity of Investments	2,767	3,818	4,562	4,032	2,248	2,306	2,655	1,722	1,279	1,195	704
Other Investing Activities, net	-3.94	0.00	12	52	-9.87	21	-	-	0.00	0.00	-0.20
Net Cash From Financing Activities	-136	-649	-65	-1,875	-770	-765	-719	-1,036	-890	-1,222	-1,103
Net Cash From Continuing Financing Activities	-136	-649	-65	-1,875	-770	-765	-719	-1,036	-890	-1,213	-1,103
Repayment of Debt	-	0.00	0.00	-1,250	-0.87	0.00	-750	0.00	-0.70	0.00	-500
Repurchase of Common Equity	-643	-662	-621	-638	-783	-778	-723	-1,048	-901	-1,226	-893
Payment of Dividends	-	-	-	-	-	-	-	-	0.00	0.00	-215
Issuance of Debt	492	0.00	543	-	0.00	0.00	741	-	0.00	0.00	493
Issuance of Common Equity	15	14	13	13	13	13	12	12	12	12	12
Effect of Exchange Rate Changes	0.25	-0.50	1.29	-0.96	0.06	0.00	-0.70	-0.80	-0.10	-	0.00

This table details how cash moves in and out of VeriSign's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-186	83	492	-480	15	-61	369	-261	-83	73	169
Net Cash From Operating Activities	245	204	257	160	253	232	291	203	308	290	272
Net Cash From Continuing Operating Activities	245	204	257	160	253	232	291	203	308	290	272
Net Income / (Loss) Continuing Operations	189	265	194	199	201	192	199	207	213	206	215
Consolidated Net Income / (Loss)	189	265	194	199	201	192	199	207	213	206	215
Depreciation Expense	11	10	9.80	9.30	9.00	8.80	8.90	8.30	7.30	6.70	6.40
Amortization Expense	-9.30	-9.20	-7.00	-4.10	-5.50	-4.50	-3.60	-1.20	-3.40	-3.40	-1.60
Non-Cash Adjustments To Reconcile Net Income	17	15	16	15	16	17	19	16	19	22	20
Changes in Operating Assets and Liabilities, net	39	-77	44	-59	32	18	68	-28	72	58	34
Net Cash From Investing Activities	-213	104	496	-250	61	-21	318	-213	-104	109	187
Net Cash From Continuing Investing Activities	-213	104	496	-250	61	-21	318	-213	-104	109	187
Purchase of Property, Plant & Equipment	-29	-5.00	-3.80	-9.20	-5.60	-9.50	-5.80	-7.80	-4.70	-4.50	-7.20
Purchase of Investments	-214	-419	-158	-310	-216	-197	-35	-243	-115	-179	-79
Sale and/or Maturity of Investments	30	528	658	70	282	186	359	38	16	292	274
Net Cash From Financing Activities	-218	-226	-262	-390	-299	-271	-240	-251	-286	-326	-291
Net Cash From Continuing Financing Activities	-218	-226	-262	-390	-299	-262	-240	-251	-286	-326	-291
Repayment of Debt	-	-	0.00	-	-	-	-500	-	-	-	0.00
Repurchase of Common Equity	-222	-226	-270	-390	-303	-262	-242	-178	-219	-254	-225
Payment of Dividends	-	-	-	-	-	-	0.00	-	-72	-71	-74
Issuance of Debt	-	-	0.00	-	-	-	494	-0.60	-	-	0.00
Issuance of Common Equity	4.30	-	8.30	-	4.00	-	7.90	-	4.40	-	8.50
Effect of Exchange Rate Changes	-0.40	0.50	-0.40	0.10	0.40	-0.90	-0.30	-	-	-0.10	0.30
Cash Interest Paid	13	23	13	23	13	23	26	16	13	-	13
Cash Income Taxes Paid	46	61	16	123	49	43	20	129	20	-	29

This table presents VeriSign's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	2,358	2,335	2,941	1,915	1,854	1,767	1,984	1,733	1,749	1,407	1,326
Total Current Assets	1,968	1,842	2,446	1,317	1,279	1,218	1,269	1,039	988	664	653
Cash & Equivalents	229	232	466	357	508	401	224	374	240	207	308
Short-Term Investments	1,687	1,566	1,949	912	710	766	982	607	686	393	273
Other Current Assets	-	-	-	-	-	-	-	58	62	64	72
Plant, Property, & Equipment, net	296	266	264	254	250	246	251	232	233	225	214
Total Noncurrent Assets	94	226	232	344	325	303	464	463	528	518	460
Goodwill	53	53	53	53	53	53	53	53	53	53	53
Noncurrent Deferred & Refundable Income Taxes	17	9.39	15	105	88	68	231	235	301	281	233
Other Noncurrent Operating Assets	24	164	164	186	185	183	181	176	174	184	174
Total Liabilities & Shareholders' Equity	2,358	2,335	2,941	1,915	1,854	1,767	1,984	1,733	1,749	1,407	1,326
Total Liabilities	3,428	3,535	4,201	3,300	3,344	3,157	3,244	3,296	3,330	3,364	3,480
Total Current Liabilities	1,503	1,522	1,561	948	965	989	1,074	1,117	1,189	1,531	1,333
Accounts Payable	188	204	220	215	210	209	227	227	257	258	298
Current Deferred Revenue	680	688	713	732	755	780	847	890	931	974	1,035
Total Noncurrent Liabilities	1,925	2,013	2,641	2,352	2,379	2,168	2,170	2,179	2,142	1,833	2,147
Long-Term Debt	1,235	1,237	1,783	1,785	1,788	1,790	1,786	1,788	1,790	1,493	1,788
Noncurrent Deferred Revenue	281	287	286	286	279	283	306	329	315	331	349
Other Noncurrent Operating Liabilities	115	117	128	282	313	95	79	62	36	10	9.40
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-1,070	-1,201	-1,260	-1,385	-1,490	-1,390	-1,261	-1,562	-1,581	-1,958	-2,154
Total Preferred & Common Equity	-1,070	-1,201	-1,260	-1,385	-1,490	-1,390	-1,261	-1,562	-1,581	-1,958	-2,154
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-1,070	-1,201	-1,260	-1,385	-1,490	-1,390	-1,261	-1,562	-1,581	-1,958	-2,154
Common Stock	17,559	16,988	16,437	15,707	14,990	14,275	13,620	12,645	11,808	10,645	9,624
Retained Earnings	-18,626	-18,185	-17,695	-17,090	-16,477	-15,663	-14,878	-14,204	-13,386	-12,601	-11,775
Accumulated Other Comprehensive Income / (Loss)	-3.99	-3.45	-2.94	-2.81	-2.62	-2.76	-2.80	-2.70	-2.60	-2.50	-2.70

This table presents VeriSign's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	1,677	1,696	1,749	1,728	1,505	1,462	1,407	1,448	1,408	1,404	1,297
Total Current Assets	997	1,007	988	988	761	717	664	714	682	688	626
Cash & Equivalents	344	158	240	732	252	267	207	575	314	235	477
Short-Term Investments	592	786	686	193	438	378	393	73	280	382	80
Other Current Assets	62	64	62	64	71	73	64	66	89	71	70
Plant, Property, & Equipment, net	223	238	233	227	228	225	225	222	221	219	214
Total Noncurrent Assets	457	451	528	512	516	520	518	512	504	497	457
Goodwill	53	53	53	53	53	53	53	53	53	53	53
Noncurrent Deferred & Refundable Income Taxes	232	224	301	283	280	286	281	277	272	267	228
Other Noncurrent Operating Assets	173	174	174	177	184	182	184	182	180	177	177
Total Liabilities & Shareholders' Equity	1,677	1,696	1,749	1,728	1,505	1,462	1,407	1,448	1,408	1,404	1,297
Total Liabilities	3,295	3,329	3,330	3,364	3,322	3,363	3,364	3,425	3,402	3,454	3,511
Total Current Liabilities	1,142	1,174	1,189	1,214	1,191	1,526	1,531	1,287	1,260	1,307	1,355
Accounts Payable	202	232	257	250	224	256	258	267	225	271	284
Current Deferred Revenue	940	941	931	964	967	971	974	1,020	1,034	1,036	1,071
Total Noncurrent Liabilities	2,153	2,156	2,142	2,150	2,130	1,836	1,833	2,138	2,142	2,147	2,156
Long-Term Debt	1,789	1,790	1,790	1,791	1,791	1,492	1,493	1,786	1,787	1,788	1,789
Noncurrent Deferred Revenue	321	321	315	321	322	328	331	342	345	348	358
Other Noncurrent Operating Liabilities	43	45	36	38	17	16	10	10	9.70	11	8.50
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-1,618	-1,633	-1,581	-1,636	-1,816	-1,901	-1,958	-1,977	-1,994	-2,051	-2,213
Total Preferred & Common Equity	-1,618	-1,633	-1,581	-1,636	-1,816	-1,901	-1,958	-1,977	-1,994	-2,051	-2,213
Preferred Stock	5.00	5.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-1,618	-1,633	-1,581	-1,636	-1,816	-1,901	-1,958	-1,977	-1,994	-2,050	-2,213
Common Stock	12,225	12,021	11,808	11,559	11,180	10,894	10,645	10,427	10,203	9,933	9,350
Retained Earnings	-13,840	-13,651	-13,386	-13,192	-12,994	-12,792	-12,601	-12,401	-12,194	-11,981	-11,561
Accumulated Other Comprehensive Income / (Loss)	-3.40	-3.00	-2.60	-2.80	-2.80	-2.40	-2.50	-2.80	-2.80	-2.70	-2.80

This table displays calculated financial ratios and metrics derived from VeriSign's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	4.88%	7.82%	2.01%	4.28%	1.37%	2.72%	4.94%	7.33%	4.79%	4.31%	6.37%
EBITDA Growth	3.63%	15.15%	0.27%	13.51%	2.43%	-1.00%	2.95%	8.95%	7.38%	4.20%	4.68%
EBIT Growth	4.56%	17.04%	5.54%	14.82%	0.60%	-1.06%	2.99%	10.40%	10.08%	4.32%	4.40%
NOPAT Growth	12.38%	11.65%	3.78%	13.42%	6.17%	37.63%	-2.86%	-16.99%	16.04%	-2.88%	6.47%
Net Income Growth	5.62%	17.43%	3.77%	27.39%	5.12%	33.09%	-3.69%	-14.14%	21.34%	-3.90%	5.09%
EPS Growth	11.90%	21.28%	7.60%	29.08%	8.42%	37.28%	-0.99%	-10.86%	26.60%	1.27%	10.13%
Operating Cash Flow Growth	11.48%	3.44%	1.41%	-0.71%	8.04%	-3.14%	10.55%	2.96%	2.73%	5.72%	20.88%
Free Cash Flow Firm Growth	7.74%	-15.62%	25.68%	-67.64%	221.64%	5.81%	5.60%	1.63%	0.53%	7.70%	21.51%
Invested Capital Growth	-17.82%	-1.38%	-11.78%	31.21%	-5.80%	16.68%	11.27%	-10.89%	4.97%	-6.73%	-23.64%
Revenue Q/Q Growth	1.60%	1.21%	0.80%	0.99%	0.25%	0.78%	1.53%	2.07%	0.76%	0.97%	1.84%
EBITDA Q/Q Growth	3.33%	2.42%	-1.31%	10.74%	-3.55%	-0.26%	1.88%	2.84%	3.18%	-0.04%	1.93%
EBIT Q/Q Growth	2.04%	2.48%	1.61%	9.61%	-5.44%	-0.27%	1.99%	3.89%	6.26%	-0.32%	2.06%
NOPAT Q/Q Growth	12.50%	-0.42%	0.47%	3.56%	1.45%	2.14%	27.45%	-18.94%	10.62%	-7.55%	1.52%
Net Income Q/Q Growth	10.63%	0.92%	-0.59%	15.77%	-5.24%	1.12%	28.23%	-18.27%	11.63%	-8.52%	1.81%
EPS Q/Q Growth	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-6.76%	2.68%
Operating Cash Flow Q/Q Growth	5.77%	-0.29%	-0.81%	2.85%	-3.20%	0.23%	1.39%	1.29%	-1.47%	3.12%	5.62%
Free Cash Flow Firm Q/Q Growth	0.98%	2.04%	1.49%	10.06%	-5.34%	1.79%	2.24%	1,231.37%	-48.19%	1.83%	6.83%
Invested Capital Q/Q Growth	-5.21%	-6.41%	-6.36%	-9.36%	-2.86%	-2.66%	18.08%	0.00%	8.90%	-1.58%	-7.48%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	81.80%	82.64%	83.41%	84.19%	85.35%	85.76%	85.55%	85.91%	86.79%	87.71%	88.15%
EBITDA Margin	62.98%	67.27%	66.12%	71.97%	72.72%	70.10%	68.77%	69.81%	71.54%	71.47%	70.33%
Operating Margin	57.20%	60.11%	60.74%	63.16%	65.45%	65.15%	65.29%	66.19%	67.01%	67.95%	67.67%
EBIT Margin	56.19%	61.00%	63.11%	69.50%	68.96%	66.43%	65.19%	67.06%	70.44%	70.45%	69.15%
Profit (Net Income) Margin	35.42%	38.58%	39.25%	47.94%	49.71%	64.41%	59.11%	47.29%	54.76%	50.45%	49.84%
Tax Burden Percent	76.95%	75.82%	76.33%	79.85%	80.70%	108.62%	100.33%	76.55%	83.73%	76.89%	77.28%
Interest Burden Percent	81.92%	83.41%	81.46%	86.40%	89.33%	89.27%	90.38%	92.12%	92.84%	93.14%	93.28%
Effective Tax Rate	23.05%	24.18%	23.67%	20.15%	19.30%	-8.62%	-0.33%	23.45%	16.27%	23.11%	22.72%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-38.41%	-38.81%	-37.16%	-44.03%	-42.59%	-56.58%	-59.21%	-47.74%	-52.02%	-44.40%	-40.16%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	27.95%	29.70%	27.88%	34.78%	45.08%	46.42%	46.15%	51.41%	60.41%	69.54%	83.85%
Return on Assets (ROA)	17.62%	18.78%	17.33%	23.99%	32.50%	45.01%	41.85%	36.25%	46.96%	49.80%	60.44%
Return on Common Equity (ROCE)	-38.41%	-38.81%	-37.16%	-44.03%	-42.59%	-56.58%	-59.21%	-47.74%	-52.02%	-44.40%	-40.16%
Return on Equity Simple (ROE_SIMPLE)	-35.05%	-36.70%	-36.28%	-42.04%	-41.09%	-58.62%	-62.26%	-43.13%	-51.71%	-40.13%	0.00%
Net Operating Profit after Tax (NOPAT)	466	521	540	613	651	895	870	722	838	814	866
NOPAT Margin	44.01%	45.58%	46.37%	50.43%	52.82%	70.77%	65.51%	50.67%	56.11%	52.24%	52.29%
Net Nonoperating Expense Percent (NNEP)	-166.05%	686.07%	257.55%	11.84%	7.04%	13.48%	14.11%	6.94%	2.41%	2.71%	3.38%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	319.87%	400.47%	-491.31%	-236.69%
Cost of Revenue to Revenue	18.20%	17.36%	16.59%	15.81%	14.65%	14.24%	14.45%	14.09%	13.21%	12.29%	11.85%
SG&A Expenses to Revenue	10.07%	10.33%	11.14%	10.92%	11.17%	14.70%	14.19%	13.71%	13.68%	13.55%	14.23%
R&D to Revenue	6.01%	5.17%	4.49%	4.76%	4.94%	5.90%	6.06%	6.01%	6.09%	6.21%	6.25%
Operating Expenses to Revenue	24.60%	22.53%	22.66%	21.02%	19.90%	20.61%	20.25%	19.73%	19.77%	19.76%	20.48%
Earnings before Interest and Taxes (EBIT)	595	697	735	844	849	840	866	956	1,052	1,097	1,146
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	667	768	770	874	896	887	913	995	1,068	1,113	1,165
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	9.20	6.96	9.68	14.75	18.37	19.52	21.24	15.29	14.08	12.77	13.60
Price to Earnings (P/E)	25.96	18.05	24.67	30.78	36.95	30.30	35.93	32.32	25.72	25.31	27.28
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.95%
Earnings Yield	3.85%	5.54%	4.05%	3.25%	2.71%	3.30%	2.78%	3.09%	3.89%	3.95%	3.67%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	9.15	7.03	9.68	15.18	18.83	20.01	21.67	15.85	14.66	13.54	14.32
Enterprise Value to EBITDA (EV/EBITDA)	14.53	10.44	14.64	21.09	25.89	28.55	31.52	22.71	20.50	18.94	20.37
Enterprise Value to EBIT (EV/EBIT)	16.29	11.52	15.33	21.84	27.30	30.12	33.25	23.64	20.81	19.21	20.72
Enterprise Value to NOPAT (EV/NOPAT)	20.79	15.41	20.87	30.10	35.65	28.28	33.09	31.29	26.13	25.91	27.39
Enterprise Value to Operating Cash Flow (EV/OCF)	14.47	11.58	16.04	26.43	30.76	34.67	35.65	27.18	25.64	23.36	21.75
Enterprise Value to Free Cash Flow (EV/FCFF)	15.27	14.97	16.74	84.62	33.08	34.13	36.74	28.37	27.36	24.46	22.66
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.75	-1.56	-1.91	-1.29	-1.20	-1.29	-1.42	-1.14	-1.13	-0.92	-0.83
Long-Term Debt to Equity	-1.15	-1.03	-1.41	-1.29	-1.20	-1.29	-1.42	-1.14	-1.13	-0.76	-0.83
Financial Leverage	0.06	-0.01	-0.03	-0.19	-0.38	-0.41	-0.45	-0.49	-0.53	-0.58	-0.58
Leverage Ratio	-2.18	-2.07	-2.14	-1.84	-1.31	-1.26	-1.42	-1.32	-1.11	-0.89	-0.66
Compound Leverage Factor	-1.79	-1.72	-1.75	-1.59	-1.17	-1.12	-1.28	-1.21	-1.03	-0.83	-0.62
Debt to Total Capital	233.93%	280.17%	209.60%	446.74%	600.93%	447.65%	340.00%	792.16%	855.74%	-1,082.31%	-488.58%
Short-Term Debt to Total Capital	79.37%	94.51%	54.58%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-181.04%	0.00%
Long-Term Debt to Total Capital	154.57%	185.66%	155.02%	446.74%	600.93%	447.65%	340.00%	792.16%	855.74%	-901.27%	-488.58%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-133.93%	-180.17%	-109.60%	-346.74%	-500.93%	-347.65%	-240.00%	-692.16%	-755.74%	1,182.31%	588.58%
Debt to EBITDA	2.80	2.43	3.13	2.04	2.00	2.02	1.96	1.80	1.68	1.61	1.53
Net Debt to EBITDA	-0.07	0.09	-0.01	0.59	0.64	0.70	0.64	0.81	0.81	1.07	1.04
Long-Term Debt to EBITDA	1.85	1.61	2.31	2.04	2.00	2.02	1.96	1.80	1.68	1.34	1.53
Debt to NOPAT	4.01	3.59	4.46	2.91	2.75	2.00	2.05	2.48	2.14	2.20	2.06
Net Debt to NOPAT	-0.10	0.13	-0.01	0.84	0.88	0.70	0.67	1.12	1.03	1.47	1.39
Long-Term Debt to NOPAT	2.65	2.38	3.30	2.91	2.75	2.00	2.05	2.48	2.14	1.83	2.06
Altman Z-Score	-7.84	-7.92	-5.23	-6.92	-6.00	-5.28	-3.06	-4.92	-4.23	-6.05	-5.07
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.31	1.21	1.57	1.39	1.32	1.23	1.18	0.93	0.83	0.43	0.49
Quick Ratio	1.28	1.18	1.55	1.34	1.26	1.18	1.12	0.88	0.78	0.39	0.44
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	635	536	674	218	701	742	783	796	800	862	1,047
Operating Cash Flow to CapEx	1,647.84%	2,607.84%	1,419.75%	1,885.50%	1,869.96%	1,682.49%	1,523.02%	3,033.21%	1,864.19%	3,212.10%	4,785.53%
Free Cash Flow to Firm to Interest Expense	5.90	4.64	4.94	1.90	7.74	8.22	9.40	10.57	10.63	11.45	13.60
Operating Cash Flow to Interest Expense	6.22	6.00	5.15	6.08	8.32	8.10	9.69	11.04	11.34	11.99	14.17
Operating Cash Flow Less CapEx to Interest Expense	5.85	5.77	4.79	5.75	7.88	7.61	9.05	10.67	10.73	11.61	13.87
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.50	0.49	0.44	0.50	0.65	0.70	0.71	0.77	0.86	0.99	1.21
Accounts Receivable Turnover	81.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	3.45	4.07	4.40	4.70	4.89	5.10	5.34	5.90	6.42	6.81	7.56
Accounts Payable Turnover	1.02	1.01	0.91	0.88	0.85	0.86	0.88	0.89	0.82	0.74	0.71
Days Sales Outstanding (DSO)	4.49	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	358.25	360.96	399.81	413.01	429.99	423.97	413.92	412.01	447.60	491.24	516.73
Cash Conversion Cycle (CCC)	-353.76	-360.96	-399.81	-413.01	-429.99	-423.97	-413.92	-412.01	-447.60	-491.24	-516.73
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-1,116	-1,132	-1,265	-870	-921	-767	-681	-755	-717	-766	-947
Invested Capital Turnover	-1.03	-1.02	-0.97	-1.14	-1.38	-1.50	-1.83	-1.99	-2.03	-2.10	-1.94
Increase / (Decrease) in Invested Capital	-169	-15	-133	395	-50	154	86	-74	38	-48	-181
Enterprise Value (EV)	9,696	8,024	11,276	18,442	23,192	25,317	28,774	22,588	21,892	21,081	23,729
Market Capitalization	9,741	7,955	11,280	17,927	22,622	24,693	28,194	21,780	21,029	19,889	22,521
Book Value per Share	($9.60)	($11.48)	($12.79)	($11.46)	($12.69)	($12.18)	($11.35)	($14.74)	($15.48)	($20.37)	($23.24)
Tangible Book Value per Share	($10.07)	($11.98)	($13.32)	($11.90)	($13.14)	($12.64)	($11.82)	($15.23)	($16.00)	($20.92)	($23.80)
Total Capital	799	666	1,150	400	297	400	525	226	209	-166	-366
Total Debt	1,870	1,867	2,410	1,785	1,788	1,790	1,786	1,788	1,790	1,792	1,788
Total Long-Term Debt	1,235	1,237	1,783	1,785	1,788	1,790	1,786	1,788	1,790	1,493	1,788
Net Debt	-46	69	-4.61	515	570	623	580	808	864	1,192	1,208
Capital Expenditures (CapEx)	41	27	49	37	40	43	53	27	46	28	23
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-816	-848	-902	-900	-905	-938	-1,011	-1,059	-1,127	-1,167	-1,261
Debt-free Net Working Capital (DFNWC)	1,099	950	1,513	369	313	229	195	-78	-200	-568	-681
Net Working Capital (NWC)	465	320	886	369	313	229	195	-78	-200	-867	-681
Net Nonoperating Expense (NNE)	91	80	83	30	38	80	85	48	20	28	41
Net Nonoperating Obligations (NNO)	-46	69	-4.61	515	570	623	580	808	864	1,192	1,208
Total Depreciation and Amortization (D&A)	72	72	35	30	46	46	48	39	16	16	20
Debt-free, Cash-free Net Working Capital to Revenue	-77.04%	-74.22%	-77.38%	-74.09%	-73.45%	-74.12%	-76.16%	-74.29%	-75.45%	-74.96%	-76.13%
Debt-free Net Working Capital to Revenue	103.77%	83.19%	129.88%	30.41%	25.45%	18.12%	14.67%	-5.49%	-13.41%	-36.44%	-41.08%
Net Working Capital to Revenue	43.89%	28.05%	76.01%	30.41%	25.45%	18.12%	14.67%	-5.49%	-13.41%	-55.69%	-41.08%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.29	$4.12	$4.56	$5.13	$5.17	$7.08	$7.01	$6.24	$7.91	$8.01	$8.83
Adjusted Weighted Average Basic Shares Outstanding	114.16M	107.00M	100.33M	113.45M	118.51M	115.06M	112.02M	107.90M	103.40M	98.10M	93.50M
Adjusted Diluted Earnings per Share	$2.82	$3.42	$3.68	$4.75	$5.15	$7.07	$7.00	$6.24	$7.90	$8.00	$8.81
Adjusted Weighted Average Diluted Shares Outstanding	133.03M	128.83M	124.18M	122.66M	118.97M	115.30M	112.17M	108M	103.50M	98.20M	93.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$5.17	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	109.47M	102.33M	97.12M	119.71M	116.42M	113.09M	110.17M	104.88M	100.90M	94.60M	91.70M
Normalized Net Operating Profit after Tax (NOPAT)	466	521	540	613	651	577	607	722	838	814	866
Normalized NOPAT Margin	44.01%	45.58%	46.37%	50.43%	52.82%	45.60%	45.70%	50.67%	56.11%	52.24%	52.29%
Pre Tax Income Margin	46.03%	50.88%	51.41%	60.04%	61.61%	59.30%	58.92%	61.77%	65.40%	65.62%	64.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	5.53	6.03	5.39	7.35	9.37	9.32	10.39	12.69	13.97	14.57	14.88
NOPAT to Interest Expense	4.33	4.50	3.96	5.34	7.18	9.93	10.44	9.59	11.13	10.80	11.25
EBIT Less CapEx to Interest Expense	5.15	5.80	5.03	7.03	8.93	8.84	9.75	12.33	13.36	14.20	14.58
NOPAT Less CapEx to Interest Expense	3.95	4.27	3.60	5.01	6.73	9.44	9.80	9.22	10.52	10.43	10.95
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	26.06%
Augmented Payout Ratio	171.40%	150.35%	135.85%	109.56%	127.81%	95.41%	92.07%	155.55%	110.25%	155.99%	134.24%

This table displays calculated financial ratios and metrics derived from VeriSign's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	91,700,000.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	91,700,000.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	2.34
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	5.44%	3.03%	5.46%	4.06%	3.80%	3.94%	4.68%	5.89%	7.30%	7.56%	6.61%
EBITDA Growth	6.24%	5.60%	5.92%	5.80%	5.36%	-0.15%	3.05%	3.68%	3.95%	8.15%	6.73%
EBIT Growth	10.63%	10.14%	8.00%	6.24%	4.64%	-1.29%	2.16%	3.06%	3.86%	8.65%	7.03%
NOPAT Growth	7.08%	42.14%	7.27%	7.33%	7.76%	-24.49%	5.73%	6.55%	7.17%	6.39%	7.76%
Net Income Growth	11.21%	47.47%	8.62%	7.05%	6.79%	-27.65%	2.68%	4.33%	5.71%	7.68%	7.63%
EPS Growth	15.82%	0.00%	12.94%	12.29%	13.11%	-22.48%	9.38%	9.95%	9.66%	11.50%	11.43%
Operating Cash Flow Growth	-6.45%	-5.86%	-0.66%	10.39%	3.30%	13.37%	13.21%	26.25%	21.43%	25.10%	-6.49%
Free Cash Flow Firm Growth	250.61%	-12.00%	-50.31%	-29.51%	-82.24%	8.52%	89.26%	95.92%	100.87%	57.84%	31.77%
Invested Capital Growth	0.00%	4.97%	6.17%	6.47%	4.28%	-6.73%	-9.03%	-11.99%	-16.85%	-23.64%	-16.90%
Revenue Q/Q Growth	1.16%	1.09%	1.03%	0.73%	0.90%	1.23%	1.75%	1.89%	2.24%	1.48%	0.85%
EBITDA Q/Q Growth	0.56%	1.00%	-1.85%	2.65%	0.14%	-4.27%	4.72%	3.27%	0.41%	-0.41%	3.34%
EBIT Q/Q Growth	2.30%	1.12%	0.89%	1.80%	0.76%	-4.61%	4.42%	2.69%	1.54%	-0.21%	2.86%
NOPAT Q/Q Growth	1.25%	39.84%	-26.63%	3.32%	1.65%	-2.00%	2.73%	4.12%	2.24%	-2.72%	4.05%
Net Income Q/Q Growth	1.51%	40.42%	-26.67%	2.42%	1.26%	-4.87%	4.07%	4.06%	2.60%	-3.10%	4.03%
EPS Q/Q Growth	2.23%	40.98%	-25.58%	4.69%	2.99%	-3.38%	5.00%	5.24%	2.71%	-1.76%	4.93%
Operating Cash Flow Q/Q Growth	68.82%	-16.76%	26.00%	-37.66%	57.98%	-8.64%	25.83%	-30.48%	51.95%	-5.88%	-5.94%
Free Cash Flow Firm Q/Q Growth	346.02%	-76.31%	-36.57%	5.20%	12.38%	44.71%	10.62%	8.91%	15.21%	13.71%	-7.65%
Invested Capital Q/Q Growth	-2.98%	8.90%	-7.32%	7.11%	-5.40%	-1.58%	-9.63%	4.59%	-9.98%	-7.48%	-3.65%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	87.08%	87.25%	87.22%	87.83%	88.02%	87.76%	87.72%	88.02%	88.36%	88.48%	88.53%
EBITDA Margin	71.46%	71.40%	71.71%	73.08%	72.53%	68.59%	70.59%	71.55%	70.27%	68.96%	70.67%
Operating Margin	67.58%	67.38%	67.37%	68.77%	68.95%	66.72%	67.41%	68.48%	67.84%	66.96%	68.45%
EBIT Margin	71.06%	71.08%	70.99%	71.74%	71.63%	67.50%	69.28%	69.82%	69.34%	68.19%	69.55%
Profit (Net Income) Margin	50.09%	69.58%	50.51%	51.36%	51.54%	48.43%	49.54%	50.60%	50.78%	48.48%	50.01%
Tax Burden Percent	75.82%	105.21%	76.42%	76.79%	77.16%	77.19%	77.13%	77.59%	78.32%	76.06%	76.77%
Interest Burden Percent	92.97%	93.05%	93.11%	93.23%	93.25%	92.96%	92.72%	93.40%	93.50%	93.48%	93.66%
Effective Tax Rate	24.18%	-5.21%	23.58%	23.21%	22.84%	22.81%	22.87%	22.41%	21.68%	23.94%	23.23%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-44.84%	-52.02%	-51.59%	-49.27%	-48.61%	-44.40%	-43.78%	-41.97%	-41.05%	-40.16%	-40.13%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	62.09%	60.95%	61.64%	68.90%	69.98%	66.63%	68.74%	76.62%	78.72%	82.68%	85.30%
Return on Assets (ROA)	43.77%	59.67%	43.86%	49.32%	50.34%	47.81%	49.15%	55.52%	57.64%	58.79%	61.34%
Return on Common Equity (ROCE)	-44.84%	-52.02%	-51.59%	-49.27%	-48.61%	-44.40%	-43.78%	-41.97%	-41.05%	-40.16%	-40.13%
Return on Equity Simple (ROE_SIMPLE)	-44.84%	0.00%	-50.93%	-46.58%	-45.19%	0.00%	-40.01%	-40.10%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	193	270	198	204	208	204	209	218	223	217	225
NOPAT Margin	51.24%	70.88%	51.48%	52.80%	53.20%	51.50%	51.99%	53.13%	53.13%	50.93%	52.55%
Net Nonoperating Expense Percent (NNEP)	1.02%	0.59%	0.46%	0.57%	0.65%	1.18%	0.99%	0.91%	0.85%	0.87%	0.92%
Return On Investment Capital (ROIC_SIMPLE)	-	128.89%	-	-	-	-122.96%	-109.69%	-105.27%	-84.70%	-59.19%	-53.09%
Cost of Revenue to Revenue	12.92%	12.75%	12.78%	12.17%	11.98%	12.24%	12.28%	11.98%	11.64%	11.52%	11.47%
SG&A Expenses to Revenue	13.74%	13.85%	13.40%	12.92%	13.13%	14.74%	13.85%	13.27%	14.46%	15.28%	13.66%
R&D to Revenue	5.77%	6.02%	6.45%	6.15%	5.94%	6.30%	6.46%	6.27%	6.06%	6.23%	6.41%
Operating Expenses to Revenue	19.51%	19.87%	19.85%	19.06%	19.07%	21.04%	20.31%	19.54%	20.52%	21.51%	20.07%
Earnings before Interest and Taxes (EBIT)	267	270	273	278	280	267	279	286	291	290	298
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	269	272	276	283	283	271	284	293	295	293	303
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	14.10	14.08	12.79	11.59	12.02	12.77	15.24	16.97	16.05	13.60	13.53
Price to Earnings (P/E)	28.54	25.72	23.23	20.92	21.57	25.31	30.37	33.92	32.21	27.28	27.08
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.27%	0.55%	0.95%	1.26%
Earnings Yield	3.50%	3.89%	4.30%	4.78%	4.64%	3.95%	3.29%	2.95%	3.10%	3.67%	3.69%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	14.67	14.66	13.36	12.31	12.76	13.54	15.97	17.71	16.77	14.32	14.26
Enterprise Value to EBITDA (EV/EBITDA)	21.00	20.50	18.66	17.12	17.68	18.94	22.43	25.01	23.87	20.37	20.27
Enterprise Value to EBIT (EV/EBIT)	21.96	20.81	18.86	17.28	17.89	19.21	22.80	25.47	24.31	20.72	20.61
Enterprise Value to NOPAT (EV/NOPAT)	28.70	26.13	23.76	21.75	22.37	25.91	30.49	33.77	31.97	27.39	27.20
Enterprise Value to Operating Cash Flow (EV/OCF)	25.09	25.64	23.72	21.69	22.49	23.36	26.86	28.93	26.41	21.75	22.39
Enterprise Value to Free Cash Flow (EV/FCFF)	14.07	27.36	25.26	23.07	23.26	24.46	28.12	30.64	27.83	22.66	23.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-1.10	-1.13	-1.09	-0.99	-0.94	-0.92	-0.90	-0.90	-0.87	-0.83	-0.81
Long-Term Debt to Equity	-1.10	-1.13	-1.09	-0.99	-0.79	-0.76	-0.90	-0.90	-0.87	-0.83	-0.81
Financial Leverage	-0.52	-0.53	-0.51	-0.57	-0.56	-0.58	-0.55	-0.60	-0.59	-0.58	-0.57
Leverage Ratio	-1.04	-1.11	-1.08	-0.93	-0.89	-0.89	-0.88	-0.76	-0.73	-0.66	-0.66
Compound Leverage Factor	-0.97	-1.03	-1.00	-0.86	-0.83	-0.83	-0.82	-0.71	-0.68	-0.62	-0.61
Debt to Total Capital	1,145.71%	855.74%	1,155.29%	-7,136.65%	-1,648.48%	-1,082.31%	-936.71%	-863.65%	-679.95%	-488.58%	-421.29%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	-275.71%	-181.04%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	1,145.71%	855.74%	1,155.29%	-7,136.65%	-1,372.77%	-901.27%	-936.71%	-863.65%	-679.95%	-488.58%	-421.29%
Preferred Equity to Total Capital	3.20%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-1,045.71%	-755.74%	-1,055.29%	7,236.65%	1,748.48%	1,182.31%	1,036.71%	963.65%	779.95%	588.58%	521.29%
Debt to EBITDA	1.73	1.68	1.65	1.63	1.61	1.61	1.59	1.58	1.56	1.53	1.51
Net Debt to EBITDA	0.82	0.81	0.80	1.00	1.03	1.07	1.01	1.05	1.02	1.04	1.04
Long-Term Debt to EBITDA	1.73	1.68	1.65	1.63	1.34	1.34	1.59	1.58	1.56	1.53	1.51
Debt to NOPAT	2.36	2.14	2.10	2.07	2.04	2.20	2.17	2.13	2.10	2.06	2.03
Net Debt to NOPAT	1.12	1.03	1.02	1.27	1.30	1.47	1.38	1.42	1.37	1.39	1.40
Long-Term Debt to NOPAT	2.36	2.14	2.10	2.07	1.70	1.83	2.17	2.13	2.10	2.06	2.03
Altman Z-Score	-6.23	-5.70	-6.00	-7.61	-7.92	-8.00	-6.54	-6.03	-6.10	-7.19	-7.20
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.86	0.83	0.81	0.64	0.47	0.43	0.56	0.54	0.53	0.49	0.46
Quick Ratio	0.80	0.78	0.76	0.58	0.42	0.39	0.50	0.47	0.47	0.44	0.41
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	980	232	147	155	174	252	279	303	350	398	367
Operating Cash Flow to CapEx	857.69%	4,084.00%	6,771.05%	1,743.48%	4,525.00%	2,436.84%	5,022.41%	2,596.15%	6,546.81%	6,435.56%	3,783.33%
Free Cash Flow to Firm to Interest Expense	52.13	12.35	7.83	8.24	9.21	13.40	13.73	16.06	18.50	21.04	19.43
Operating Cash Flow to Interest Expense	13.05	10.86	13.69	8.53	13.41	12.31	14.35	10.71	16.28	15.32	14.41
Operating Cash Flow Less CapEx to Interest Expense	11.53	10.60	13.48	8.04	13.11	11.81	14.06	10.30	16.03	15.08	14.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.87	0.86	0.87	0.96	0.98	0.99	0.99	1.10	1.14	1.21	1.23
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	6.22	6.42	6.69	6.78	6.66	6.81	7.02	7.12	7.34	7.56	7.73
Accounts Payable Turnover	1.08	0.82	0.80	0.91	0.79	0.74	0.74	0.86	0.74	0.71	0.71
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	339.01	447.60	454.25	402.58	464.78	491.24	492.00	423.51	490.99	516.73	512.60
Cash Conversion Cycle (CCC)	-339.01	-447.60	-454.25	-402.58	-464.78	-491.24	-492.00	-423.51	-490.99	-516.73	-512.60
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-787	-717	-770	-715	-754	-766	-839	-801	-881	-947	-981
Invested Capital Turnover	-3.76	-2.03	-1.90	-2.07	-2.00	-2.10	-1.96	-2.11	-1.99	-1.94	-1.85
Increase / (Decrease) in Invested Capital	-787	38	51	50	34	-48	-70	-86	-127	-181	-142
Enterprise Value (EV)	21,739	21,892	20,215	18,810	19,687	21,081	25,154	28,311	27,282	23,729	24,007
Market Capitalization	20,888	21,029	19,349	17,709	18,540	19,889	24,016	27,118	26,112	22,521	22,775
Book Value per Share	($15.84)	($15.48)	($16.23)	($18.24)	($19.47)	($20.37)	($20.90)	($21.23)	($21.95)	($23.24)	($24.14)
Tangible Book Value per Share	($16.35)	($16.00)	($16.75)	($18.76)	($20.01)	($20.92)	($21.45)	($21.79)	($22.52)	($23.80)	($24.71)
Total Capital	156	209	155	-25	-109	-166	-191	-207	-263	-366	-425
Total Debt	1,790	1,790	1,791	1,791	1,792	1,792	1,786	1,787	1,788	1,788	1,789
Total Long-Term Debt	1,790	1,790	1,791	1,791	1,492	1,493	1,786	1,787	1,788	1,788	1,789
Net Debt	846	864	866	1,101	1,147	1,192	1,138	1,193	1,170	1,208	1,232
Capital Expenditures (CapEx)	29	5.00	3.80	9.20	5.60	9.50	5.80	7.80	4.70	4.50	7.20
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,110	-1,127	-1,150	-1,120	-1,154	-1,167	-1,221	-1,171	-1,236	-1,261	-1,286
Debt-free Net Working Capital (DFNWC)	-167	-200	-226	-430	-509	-568	-573	-577	-619	-681	-729
Net Working Capital (NWC)	-167	-200	-226	-430	-809	-867	-573	-577	-619	-681	-729
Net Nonoperating Expense (NNE)	4.32	4.94	3.74	5.61	6.48	12	9.87	10	9.87	10	11
Net Nonoperating Obligations (NNO)	846	864	866	1,101	1,147	1,192	1,138	1,193	1,170	1,208	1,232
Total Depreciation and Amortization (D&A)	1.50	1.20	2.80	5.20	3.50	4.30	5.30	7.10	3.90	3.30	4.80
Debt-free, Cash-free Net Working Capital to Revenue	-74.91%	-75.45%	-76.03%	-73.29%	-74.82%	-74.96%	-77.50%	-73.28%	-76.01%	-76.13%	-76.37%
Debt-free Net Working Capital to Revenue	-11.24%	-13.41%	-14.91%	-28.15%	-33.01%	-36.44%	-36.34%	-36.12%	-38.03%	-41.08%	-43.32%
Net Working Capital to Revenue	-11.24%	-13.41%	-14.91%	-28.15%	-52.44%	-55.69%	-36.34%	-36.12%	-38.03%	-41.08%	-43.32%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.83	$2.59	$1.93	$2.01	$2.07	$2.00	$2.11	$2.21	$2.28	$2.23	$2.34
Adjusted Weighted Average Basic Shares Outstanding	102.90M	103.40M	100.80M	98.90M	97.30M	98.10M	94.60M	93.80M	93.30M	93.50M	91.60M
Adjusted Diluted Earnings per Share	$1.83	$2.58	$1.92	$2.01	$2.07	$2.00	$2.10	$2.21	$2.27	$2.23	$2.34
Adjusted Weighted Average Diluted Shares Outstanding	103M	103.50M	100.90M	99M	97.30M	98.20M	94.80M	94M	93.60M	93.80M	91.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	102.10M	100.90M	99.60M	97.60M	96.10M	94.60M	93.90M	93.40M	92.70M	91.70M	91M
Normalized Net Operating Profit after Tax (NOPAT)	193	179	198	204	208	204	209	218	223	217	225
Normalized NOPAT Margin	51.24%	47.16%	51.48%	52.80%	53.20%	51.50%	51.99%	53.13%	53.13%	50.93%	52.55%
Pre Tax Income Margin	66.06%	66.14%	66.09%	66.88%	66.79%	62.75%	64.23%	65.21%	64.83%	63.74%	65.14%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	14.22	14.38	14.51	14.77	14.80	14.20	13.73	15.14	15.38	15.34	15.78
NOPAT to Interest Expense	10.26	14.34	10.52	10.87	10.99	10.83	10.30	11.52	11.78	11.46	11.93
EBIT Less CapEx to Interest Expense	12.70	14.12	14.31	14.28	14.51	13.69	13.44	14.73	15.13	15.11	15.40
NOPAT Less CapEx to Interest Expense	8.74	14.08	10.32	10.38	10.70	10.33	10.02	11.11	11.53	11.22	11.55
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	26.06%	34.42%
Augmented Payout Ratio	121.50%	110.25%	112.94%	130.98%	138.42%	155.99%	151.40%	123.26%	111.11%	134.24%	138.70%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways from VeriSign (VRSN) quarterly statements for the last four years, focused on the latest four reported quarters (Q1–Q4 2025) and aligned context from prior years.

Revenue continued to grow in 2025. Q4 2025 Operating Revenue reached 425.3 million, up from 395.4 million in Q4 2024 (roughly +7.6% year over year).
Gross margins improved meaningfully. Q4 2025 Total Gross Profit was 376.3 million on 425.3 million revenue, yielding a margin around 88–89%, versus about 68% in Q4 2024, reflecting higher-margin revenue mix and cost discipline.
Net income and earnings per share advanced. Q4 2025 Net Income / (Loss) Continuing Operations was 206.2 million, with Basic and Diluted EPS of 2.23 each, up from prior-year levels in Q4 2024.
Operating cash flow remained strong. Net Cash From Continuing Operating Activities in Q4 2025 was about 289.6 million, continuing a trend of robust cash generation relative to net income.
Share repurchases supported per-share metrics. In Q4 2025 VeriSign completed roughly 254.4 million in repurchases of common equity, with sizable prior-quarter buybacks as well, which can bolster EPS and ROE over time.
Dividends per share stayed consistent. The company shows a per-share cash dividend level of 0.77 in recent quarters, providing a steady income element for shareholders.
Investing cash flow has shown positive activity in the latest quarter. Q4 2025 Net Cash From Investing Activities was about 108.5 million, driven by a net mix of investment dispositions and purchases.
Capex remains modest. Purchase of Property, Plant & Equipment has been relatively small (roughly 4–5 million per quarter), suggesting ongoing efficiency rather than heavy capital investment.
Balance sheet signals some accounting restatements. In some periods, reported equity figures appear unusual (including negative or restated equity components), which warrants careful reading of the footnotes and disclosures when evaluating liquidity or leverage.
Financing outflows remain meaningful. Net cash from financing activities was negative in Q4 2025 (net outflow around 325.5 million), reflecting ongoing share repurchases and other financing activities that reduce cash balances in the near term.

05/14/26 03:27 PM ETAI Generated. May Contain Errors.

VeriSign Financials - Frequently Asked Questions

According to the most recent income statement we have on file, VeriSign's financial year ends in December. Their financial year 2025 ended on December 31, 2025.

VeriSign's net income appears to be on an upward trend, with a most recent value of $825.70 million in 2025, rising from $375.24 million in 2015. The previous period was $785.70 million in 2024. View VeriSign's forecast to see where analysts expect VeriSign to go next.

VeriSign's total operating income in 2025 was $1.12 billion, based on the following breakdown:

Total Gross Profit: $1.46 billion
Total Operating Expenses: $339.30 million

Over the last 10 years, VeriSign's total revenue changed from $1.06 billion in 2015 to $1.66 billion in 2025, a change of 56.4%.

VeriSign's total liabilities were at $3.48 billion at the end of 2025, a 3.4% increase from 2024, and a 1.5% increase since 2015.

In the past 10 years, VeriSign's cash and equivalents has ranged from $206.70 million in 2024 to $508.20 million in 2019, and is currently $307.90 million as of their latest financial filing in 2025.

Over the last 10 years, VeriSign's book value per share changed from -9.60 in 2015 to -23.24 in 2025, a change of 142.1%.

Related Companies

Financial statements for NASDAQ:VRSN last updated on 4/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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VeriSign (VRSN) Financials

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