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Operates the master registry for .com and .net domain names under exclusive contracts with ICANN.
Operates the master registry for .com and .net domain names under exclusive contracts with ICANN.
Collects a fixed wholesale fee for each .com and .net domain registered or renewed, which registrars resell to the public, so revenue grows with the number of domains and with price increases its contract permits. The price cap is set by its agreement with the US Commerce Department and the registry contract with ICANN.
Moat: wide (regulatory licence, network effects, installed base). Exclusive, government/ICANN-granted contract to run .com is a legal monopoly with no substitute.
Headquarters: Reston, Virginia, US · Founded: 1995 · Employees: 928
Size Verisign (VRSN) is a United States Information Technology company (Internet Software/Services) with a market value of $27.7B, the 390th largest of 3,117 United States companies the cockpit tracks. Shares closed at $308.67 on 6 Nov 2026.
Performance Over six months the shares gained 7.4%, against +20.6% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd lowest of 9 in its peer set.
Growth Revenue grew 6.5% over the last twelve months (peer median +7.1%); the operating margin is 67.6% (peer median 27.0%).
Valuation It trades at 28.4× forward earnings against a peer median of 17.8× (3rd most expensive of 9).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +6%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Credit Verisign has 3 bonds outstanding ($1.80B), rated BBB by the agencies and trading like BBB at a weighted spread of 92 bp.
Short interest Short interest is 2.5% of the free float (15 Oct 2026).
Next results Next results expected around 11 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.73B | $1.66B | $1.56B | $1.49B | $1.42B |
| Revenue growth | — | +6% | +4% | +5% | — |
| Gross profit | $1.53B | $1.46B | $1.37B | $1.30B | $1.22B |
| EBITDA | $1.20B | $1.15B | $1.10B | $1.04B | $990M |
| Net income | $850M | $826M | $786M | $818M | $674M |
| Free cash flow | $1.02B | $1.07B | $874M | $808M | $804M |
| Capital expenditure | $38.1M | $22.8M | $28.1M | $45.8M | $27.4M |
| Total debt | $1.79B | $1.80B | $1.80B | $1.80B | $1.79B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Verisign VRSN | $27.7B | +7% | +6% | 68% | 28.4× | 14.5% |
| GoDaddy GDDY | $13.9B | +26% | +7% | 26% | 12.9× | -2.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VRSN | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.6% | +7.8% | 4th lowest of 9 |
| 6-month return | +7.4% | +20.6% | 3rd lowest of 9 |
| Distance from 52-week high | -4.9% | -15.7% | 2nd highest of 9 |
| Revenue growth (TTM) | +6.5% | +7.1% | 5th highest of 9 |
| Operating margin | 67.6% | 27.0% | 2nd highest of 9 |
| Forward P/E | 28.4× | 17.8× | 3rd most expensive of 9 |
| Growth the price implies (Req g, 7 yrs) | 14.5% | 11.7% | 4th most demanding of 9 |
| Growth delivered (Del g) | +5.5% | +11.3% | 2nd lowest of 9 |
| Hurdle (Req g minus delivered) | +9.0 pp | -3.5 pp | 3rd most demanding of 9 |
| EV / EBITDA | 24.2× | 14.9× | 2nd most expensive of 7 |
| Net debt / EBITDA | 1.1× | 1.4× | 3rd least indebted of 7 |
| Bond spread | 92 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Verisign VRSN | United States | $27.7B | +7% | +6% | 68% | 28.4× | 14.5% | +5.5% |
| Wolters Kluwer WKL.AS | Netherlands | $22.0B | +54% | 0% | 26% | 15.9× | -3.0% | +5.9% |
| East Money Information 300059.SZ | China | $44.5B | -8% | +16% | 76% | 19.7× | 15.1% | +18.0% |
| Informa INF.L | United Kingdom | $15.3B | +5% | +5% | 19% | 15.5× | 15.4% | +19.5% |
| Check Point Software Technologies CHKP | United States | $14.7B | +25% | +3% | 28% | 13.4× | -1.7% | +5.7% |
| Gartner IT | United States | $12.0B | +20% | 0% | 19% | 11.8× | -4.0% | +9.6% |
| Mango Excellent Media 300413.SZ | China | $9.77B | +79% | +10% | -3% | 143.0× | 13.1% | -0.3% |
| Info Edge India NAUKRI.NS | India | $8.18B | +21% | +13% | 34% | 59.6× | 51.8% | +23.8% |
| Scout24 G24.DE | Germany | $6.99B | +19% | +16% | 49% | 22.3× | 10.3% | +12.9% |
Verisign has 3 bonds outstanding with $1.80B face value. The agencies rate it BBB; its bonds trade like BBB. Weighted yield 5.53%, a spread of 92 bp over government bonds.