olivLaw · US equity research
VRSN VRSN
Services-Computer Programming Services · SIC 7371 · Vertical: Services-Computer Programming Services (SIC 7371)
Verisign is a global provider of critical internet infrastructure and domain name registry services, operating the .com and .net registries. It reported revenues of 1656.6 million USD in fiscal 2025, up 6%. In the first nine months of 2026 revenues reached 1306.5 million USD, also up 6%.
At the close of 04 Nov 2026, VRSN (VRSN) stock was 318.03 USD (+1.32% on the day), with market capitalisation 28.5 bn USD, P/E 51.0 on diluted EPS of 6.24 USD over the last 12 months, dividend yield 1.01%, beta 0.32, 52-week range 211.49–318.03 USD. Latest reported quarter (Q3 2026): revenue of 443.0 m USD (+5.7% YoY), net income of 212.6 m USD (−0.1% YoY).
Data as of · AI analysis dated · Source: SEC filings and closing prices, computed by olivLaw.
Price history
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Technical reading
- RSI (14)
- 68.3
- strong (55–70)
- Bollinger (20, 2)
- 296.68 – 314.55
- above the upper band · %B 1.19 · band width 5.8%
- SMA 50 / 200
- 297.46 / 272.60
- uptrend (price > SMA50 > SMA200)
- MACD (12, 26, 9)
- 4.67 / 3.87
- MACD above signal
Indicators describe past prices; on their own they do not predict direction. On our history the RSI ≤ 40 filter added no return (see the signals methodology).
Performance
| Company | S&P 500 | vs S&P 500 | Vertical median | |
|---|---|---|---|---|
| 1 month | +8.8% | −1.1% | +9.9 pp | — |
| 3 months | +8.4% | −0.5% | +8.8 pp | — |
| 6 months | +15.3% | +4.4% | +10.9 pp | — |
| Year to date | +30.9% | +12.3% | +18.6 pp | — |
| 1 year | +32.4% | +13.5% | +18.9 pp | −42.9% |
| 3 years | +57.1% | +76.4% | −19.4 pp | −43.3% |
| 5 years | +36.7% | +63.7% | −27.0 pp | — |
Price returns, dividends excluded.
Quarterly results
Latest quarter: Q3 2026 · 30 Sept 2026
Quarterly margins
Quarterly statements · USD
| Fiscal year | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 395.4 m | 402.3 m | 409.9 m | 419.1 m | 425.3 m | 428.9 m | 434.6 m | 443.0 m |
| Cost of revenue | 48.4 m | 49.4 m | 49.1 m | 48.8 m | 49.0 m | 49.2 m | 50.0 m | 49.8 m |
| Research & development | 24.9 m | 26.0 m | 25.7 m | 25.4 m | 26.5 m | 27.5 m | 27.5 m | 26.5 m |
| SG&A | 58.3 m | 55.7 m | 54.4 m | 60.6 m | 65.0 m | 58.6 m | 60.8 m | 70.2 m |
| Operating income | 263.8 m | 271.2 m | 280.7 m | 284.3 m | 284.8 m | 293.6 m | 296.3 m | 296.5 m |
| Depreciation & amortisation | 8.8 m | 8.9 m | 8.3 m | 7.3 m | 6.7 m | 6.4 m | 6.6 m | 6.8 m |
| Interest expense | 18.8 m | 20.3 m | 18.9 m | 18.9 m | 18.9 m | 18.9 m | 19.2 m | 21.2 m |
| Pre-tax income | 248.1 m | 258.4 m | 267.3 m | 271.7 m | 271.1 m | 279.4 m | 281.6 m | 279.6 m |
| Income tax | 56.6 m | 59.1 m | 59.9 m | 58.9 m | 64.9 m | 64.9 m | 65.1 m | 67.0 m |
| Net income | 191.5 m | 199.3 m | 207.4 m | 212.8 m | 206.2 m | 214.5 m | 216.5 m | 212.6 m |
| Operating cash flow | 231.5 m | 291.3 m | 202.5 m ≈ | 307.7 m ≈ | 289.6 m | 272.4 m | 231.6 m ≈ | 268.3 m ≈ |
| Capex | 9.5 m | 5.8 m | 7.8 m ≈ | 4.7 m ≈ | 4.5 m | 7.2 m | 18.8 m ≈ | 7.6 m ≈ |
| Dividends paid | 0 | 0 | 72.1 m | 72.0 m | 71.1 m | 74.2 m | 73.6 m | 73.0 m |
| Share repurchases | 262.3 m | 241.7 m | 166.8 m | 218.7 m | 254.4 m | 225.4 m | 201.4 m | 193.2 m |
≈ derived quarter (cumulative difference / share-days average)
E/P over time
E/P = trailing-12-month diluted EPS / price at quarter end. E/P is the inverse of P/E and stays defined when earnings are negative.
Today's P/E sits at the 100 percentile of its own 29-quarter history (min 22.2, median 31.0, max 41.3; quarters with earnings only).
Fiscal years
| Fiscal year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1.2 bn | 1.2 bn | 1.3 bn | 1.3 bn | 1.4 bn | 1.5 bn | 1.6 bn | 1.7 bn |
| Revenue YoY | +4.3% | +1.4% | +2.7% | +4.9% | +7.3% | +4.8% | +4.3% | +6.4% |
| Net income | 582.5 m | 612.3 m | 814.9 m | 784.8 m | 673.8 m | 817.6 m | 785.7 m | 825.7 m |
| Net income YoY | +27.4% | +5.1% | +33.1% | −3.7% | −14.1% | +21.3% | −3.9% | +5.1% |
| Diluted EPS | 4.75 | 5.15 | 7.07 | 7.00 | 6.24 | unavailable | unavailable | unavailable |
| Diluted EPS YoY | +29.1% | +8.4% | +37.3% | −1.0% | −10.9% | unavailable | unavailable | unavailable |
| net % | 47.9% | 49.7% | 64.4% | 59.1% | 47.3% | 54.8% | 50.4% | 49.8% |
| Free cash flow | 660.8 m | 713.6 m | 686.8 m | 754.2 m | 803.7 m | 808.0 m | 874.5 m | 1.1 bn |
Reported results vs expectations
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Balance sheet & financial health
Fiscal year 2025 · 31 Dec 2025
- Cash
- 307.9 m USD
- Financial debt
- unavailable USD
- Net debt
- unavailable USD
- Equity
- -2.2 bn USD
- Total assets
- 1.3 bn USD
- Debt / equity
- unavailable
- Current ratio
- 0.49x
- ROE
- unavailable
- ROA
- 60.4%
- FCF margin
- 64.5%
Financial statements (source on every figure)
Revenue and net income (USD)
Margins
Income statement · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Revenue | 1.3 bn | 1.3 bn | 1.4 bn | 1.5 bn | 1.6 bn | 1.7 bn | SEC (XBRL)· 05 Feb 2026verified |
| Cost of revenue | 180.2 m | 191.9 m | 200.7 m | 197.3 m | 191.4 m | 196.3 m | SEC (XBRL)· 05 Feb 2026verified |
| Gross profit | 1.1 bn ≈ | 1.1 bn ≈ | 1.2 bn ≈ | 1.3 bn ≈ | 1.4 bn ≈ | 1.5 bn ≈ | SEC (XBRL)· 05 Feb 2026derived |
| Research & development | 74.7 m | 80.5 m | 85.7 m | 91.0 m | 96.7 m | 103.6 m | SEC (XBRL)· 05 Feb 2026verified |
| SG&A | 186.0 m | 188.4 m | 195.4 m | 204.2 m | 211.1 m | 235.7 m | SEC (XBRL)· 05 Feb 2026verified |
| Operating income | 824.2 m | 866.8 m | 943.1 m | 1.0 bn | 1.1 bn | 1.1 bn | SEC (XBRL)· 05 Feb 2026verified |
| Depreciation & amortisation | 46.4 m | 47.9 m | 46.9 m | 44.1 m | 36.9 m | 31.2 m | SEC (XBRL)· 05 Feb 2026verified |
| EBITDA | 870.6 m ≈ | 914.7 m ≈ | 990.0 m ≈ | 1.0 bn ≈ | 1.1 bn ≈ | 1.2 bn ≈ | SEC (XBRL)· 05 Feb 2026derived |
| Interest expense | 90.2 m | 83.3 m | 75.3 m | 75.3 m | 75.3 m | 77.0 m | SEC (XBRL)· 05 Feb 2026verified |
| Pre-tax income | 750.2 m | 782.2 m | 880.2 m | 976.5 m | 1.0 bn | 1.1 bn | SEC (XBRL)· 05 Feb 2026verified |
| Income tax | -64.7 m | -2.6 m | 206.4 m | 158.9 m | 236.2 m | 242.8 m | SEC (XBRL)· 05 Feb 2026verified |
| Net income | 814.9 m | 784.8 m | 673.8 m | 817.6 m | 785.7 m | 825.7 m | SEC (XBRL)· 05 Feb 2026verified |
| Diluted EPS | 7.07 | 7.00 | 6.24 | — | — | — | SEC (XBRL)· 17 Feb 2023verified |
| Weighted average diluted shares | 115.3 m | 112.2 m | 108.0 m | 103.5 m | 98.2 m | 93.8 m | SEC (XBRL)· 05 Feb 2026verified |
| Dividend per share | — | — | — | 0.00 | 0.00 | 2.31 | SEC (XBRL)· 05 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Revenue − Cost of revenue; Operating income + Depreciation & amortisation.
Balance sheet · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Cash | 401.2 m | 223.5 m | 373.6 m | 240.1 m | 206.7 m | 307.9 m | SEC (XBRL)· 05 Feb 2026verified |
| Receivables | 4.6 m | 5.3 m | 6.2 m | 6.3 m | 5.6 m | 7.7 m | SEC (XBRL)· 05 Feb 2026verified |
| Current assets | 1.2 bn | 1.3 bn | 1.0 bn | 988.3 m | 663.8 m | 652.5 m | SEC (XBRL)· 05 Feb 2026verified |
| Property, plant & equipment, net | 245.6 m | 251.2 m | 232.0 m | 233.2 m | 224.5 m | 213.7 m | SEC (XBRL)· 05 Feb 2026verified |
| Goodwill | 52.5 m | 52.5 m | 52.5 m | 52.5 m | 52.5 m | 52.5 m | SEC (XBRL)· 05 Feb 2026verified |
| Total assets | 1.8 bn | 2.0 bn | 1.7 bn | 1.7 bn | 1.4 bn | 1.3 bn | SEC (XBRL)· 05 Feb 2026verified |
| Accounts payable | 208.6 m | 226.6 m | 226.5 m | 257.4 m | 257.8 m | 298.0 m | SEC (XBRL)· 05 Feb 2026verified |
| Current liabilities | 988.7 m | 1.1 bn | 1.1 bn | 1.2 bn | 1.5 bn | 1.3 bn | SEC (XBRL)· 05 Feb 2026verified |
| Total liabilities | 3.2 bn | 3.2 bn | 3.3 bn | 3.3 bn | 3.4 bn | 3.5 bn | SEC (XBRL)· 05 Feb 2026verified |
| Equity | -1.4 bn † | -1.3 bn † | -1.6 bn † | -1.6 bn † | -2.0 bn † | -2.2 bn † | SEC (XBRL)· 05 Feb 2026verified |
† equity attributable to the parent's shareholders: in these years the issuer no longer reports the total including non-controlling interests.
Cash flow · USD
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Source (latest year) |
|---|---|---|---|---|---|---|---|
| Operating cash flow | 730.2 m | 807.2 m | 831.1 m | 853.8 m | 902.6 m | 1.1 bn | SEC (XBRL)· 05 Feb 2026verified |
| Capex | 43.4 m | 53.0 m | 27.4 m | 45.8 m | 28.1 m | 22.8 m | SEC (XBRL)· 05 Feb 2026verified |
| Free cash flow | 686.8 m ≈ | 754.2 m ≈ | 803.7 m ≈ | 808.0 m ≈ | 874.5 m ≈ | 1.1 bn ≈ | SEC (XBRL)· 05 Feb 2026derived |
| Investing cash flow | -72.3 m | -269.2 m | 355.7 m | -97.4 m | 286.3 m | 109.1 m | SEC (XBRL)· 05 Feb 2026verified |
| Financing cash flow | -764.9 m | -719.1 m | -1.0 bn | -889.8 m | -1.2 bn | -1.1 bn | SEC (XBRL)· 05 Feb 2026verified |
| Dividends paid | — | — | — | 0 | 0 | 215.2 m | SEC (XBRL)· 05 Feb 2026verified |
| Share repurchases | 777.5 m | 722.6 m | 1.0 bn | 901.4 m | 1.2 bn | 881.6 m | SEC (XBRL)· 05 Feb 2026verified |
≈ computed by olivLaw from the reported lines of the same year: Operating cash flow − Capex.
Computed indicators
Growth
Profitability
Returns
Balance sheet
Liquidity
Cash
Efficiency
Market and valuation
4 indicators that do not apply to the sector.
Valuation
olivLaw classification
- valuation methods computed: 0 of at least 1
A scoring methodology on indicators and valuation, not investment advice.
Closing price
04 Nov 2026Source: olivLaw, closing series
Market cap: 28.5 bn USD
Key indicators
Coverage and freshness
Score by group
77% · Insufficient data
Estimated value range
unavailable — no valuation method could be computed
Valuation assumptions are editorial choices, not measured; beta is not measured.
Valuation methods
- DCF (discounted cash flow)unavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/Salesunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
- Peers: EV/EBITDAunavailable · net debt missing: EV cannot be bridged to equity (missing debt is not zero)
no valuation method could be computed
Classification (SIC) comparables group by industry code, not by economic activity; the direct group is an editorial selection by activity. Members' multiples are on their own trailing twelve months, at their own latest close.
Assumptions (illustrative, editorial)
- Risk-free rate
- 4.3%
- Equity risk premium
- 5.0%
- Beta (default)
- 1.00
- Cost of equity
- 9.3%
- Terminal growth
- 2.5%
Factor scorecard
Insufficient data
Minimum-evidence gate: valuation methods computed: 0 of at least 1
| Factor | Value | Score | Weight used |
|---|---|---|---|
| Gross margin · Quality | 88.6% | 100 (on a fixed band) | 14% |
| EBIT margin · Quality | 67.6% | 100 (vs peers) | 11% |
| FCF margin · Quality | 59.1% | 100 (on a fixed band) | 11% |
| Revenue CAGR 3Y · Growth | 5.2% | 21 (on a fixed band) | 22% |
| Revenue growth (YoY) · Growth | 6.4% | 61 (vs peers) | 11% |
| Net debt / EBITDA · Balance sheet | unavailable | unavailable | — |
| Current ratio · Balance sheet | 0.4x | 0 (on a fixed band) | 8% |
| EV/Sales · Valuation | unavailable | unavailable | — |
| FCF yield · Valuation | 3.6% | 72 (on a fixed band) | 17% |
| Shareholder yield (distributions) · Returns | 4.1% | 100 (on a fixed band) | 6% |
Factors without a value were dropped; the remaining weights were renormalised.
Score groups
- Balance sheet· partial0/100 · 1/2 factors with a value
- Growth34/100 · 2/2 factors with a value
- Quality100/100 · 3/3 factors with a value
- Returns100/100 · 1/1 factors with a value
- Valuation· partial72/100 · 1/2 factors with a value
A «partial» group is computed from under half of its weight or from one factor: it is not a full assessment of the group.
Memo
VERISIGN INC/CA (VRSN). Latest full fiscal year: 2025; data up to 2026-09-30.
Figures computed from the financial statements: revenue 1.7 bn USD in 2025; YoY growth 6.4%; net margin 49.1%.
Valuation cannot be computed from the available data.
Insufficient data for a verdict (valuation methods computed: 0 of at least 1).
Text generated deterministically from the figures shown; no language model. Not investment advice.
What supports the thesis
- Gross margin: 88.6%
- EBIT margin: 67.6%
- FCF margin: 59.1%
- FCF yield: 3.6%
- Shareholder yield (distributions): 4.1%
What contradicts it
- Revenue CAGR 3Y: 5.2%
- Current ratio: 0.4x
Not assessed (insufficient data or a ratio without meaning): Net debt / EBITDA, EV/Sales.
Versus the vertical median
Services-Computer Programming Services (SIC 7371) · same industry (4-digit SIC) · compared with 32 companies
The size band was not applied: too few companies would have remained; the vertical includes much smaller or larger companies.
Multiples and returns vs the median
Price rebased to 100 (monthly, 5 years)
Companies in the vertical
| Market cap | P/E | ROE | Net margin | Revenue YoY | 1A / 3A | |
|---|---|---|---|---|---|---|
| INFYInfosys Limited | 49.6 bn | 16.1 | 29.0% | 16.4% | +3.9% | −30% / −30% |
| ZSZscaler Inc | 36.6 bn | — | -2.9% | -1.9% | +25.4% | −11% / +14% |
| CTSHCognizant Technology Solutions Corporation | 29.4 bn | 12.0 | 17.4% | 11.8% | +7.0% | −15% / −7% |
| VRSNVerisign Inc | 28.5 bn | 33.6 | — | 49.1% | +6.4% | +32% / +57% |
| WITWipro Limited | 22.7 bn | 15.4 | 16.4% | 14.7% | −3.2% | −21% / −11% |
| EPAMEpam Systems, Inc. | 7.1 bn | 18.6 | 11.2% | 7.2% | +15.4% | −27% / −47% |
| DOCSDoximity, Inc. | 6.2 bn | 40.9 | 17.2% | 25.5% | +13.1% | −33% / +49% |
| DOXAmdocs Limited | 4.9 bn | 10.3 | 14.1% | 9.9% | +2.4% | −43% / −48% |
| RGTIRigetti Computing, Inc. | 3.7 bn | — | -43.8% | -1,787.4% | −34.3% | −56% / +958% |
| FORTYFormula Systems (1985) Ltd. | 1.8 bn | 23.4 | 12.2% | 2.9% | +5.2% | −20% / +96% |
| MGRTMega Fortune Co Ltd | 1.6 bn | 698.9 | 21.1% | 16.1% | +233.3% | +1,864% / unavailable |
| PERIPerion Network Ltd. | 446.8 m | — | -1.1% | -1.8% | −11.7% | +12% / −59% |
| MFImF International Limited | 367.8 m | 36.4 | 3.9% | 232.8% | +29.4% | −68% / unavailable |
| IAInnovative Solutions And Support, Inc. | 353.7 m | 18.8 | 28.5% | 20.5% | +78.6% | +103% / +167% |
| GDEVGDEV Inc. | 176.1 m | 2.6 | — | 17.1% | −3.9% | −44% / −57% |
| ATGLAlpha Technology Group Ltd | 146.5 m | — | -184.7% | -952.0% | −40.2% | −61% / −39% |
| MLGOMicroAlgo Inc. | 135.7 m | 1.2 | 7.6% | 30.2% | −20.3% | −61% / −100% |
| MWCMicware Co., Ltd. | 82.0 m | 8.1 | 20.0% | 7.3% | unavailable | unavailable / unavailable |
| PDCPerpetuals.com Ltd | 74.9 m | — | -75.8% | -1,069.9% | −47.0% | −61% / −13% |
| CINTCI&T Inc | 73.8 m | 10.3 | 13.8% | 8.3% | +11.5% | −31% / −40% |
| CYCUCycurion, Inc. | 65.1 m | — | -76.7% | -98.0% | −14.8% | −91% / unavailable |
| XTIAXti Aerospace, Inc. | 37.7 m | — | — | -89.6% | +602.4% | −40% / −100% |
| MNDOMind Cti Ltd | 18.3 m | 6.9 | 11.0% | 13.4% | −9.3% | −24% / −53% |
| CHGAChange Agents Corporation | 17.8 m | — | -606.9% | -643.1% | +6.2% | −97% / −99% |
| RDNWRideNow Group, Inc. | 11.7 m | — | — | -0.8% | −10.5% | +7% / −9% |
1- and 3-year price returns: for VRSN from daily closes (the same as the performance table), for the other companies from month-end closes.
olivLaw engine forecast
The world engine ran after the company's latest material disclosure. Probabilities are of TOUCHING a level within the horizon (not closing there) and sit next to the random walk (p_rw), the no-information benchmark.
Valuation scenarios (editable assumptions)
Illustrative scenarios
Illustrative: not forecasts and without probabilities. Each case is one coherent set of assumptions, computed on today's figures.
Estimated price (USD)
| Estimated price | Bear | Base | Bull |
|---|---|---|---|
| 1 years | 189.21 Total return -41% · Per year -41% | 334.41 Total return 5% · Per year 5% | 503.57 Total return 58% · Per year 58% |
| 3 years | 186.04 Total return -42% · Per year -16% | 369.74 Total return 16% · Per year 5% | 610.99 Total return 92% · Per year 24% |
| 5 years | 182.93 Total return -42% · Per year -10% | 408.81 Total return 29% · Per year 5% | 741.32 Total return 133% · Per year 18% |
- Exit P/E± 92.44
- Net margin± 64.71
- Annual revenue growth± 52.78
- Annual dilution± 5.44
AI analysis
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
In brief
Verisign is a global provider of critical internet infrastructure and domain name registry services, operating the .com and .net registries. It reported revenues of 1656.6 million USD in fiscal 2025, up 6% 1. In the first nine months of 2026 revenues reached 1306.5 million USD, also up 6% 2.
SWOT
Strengths
- A unique registry operator position for .com and .net, with long-term contracts with ICANN and a large registered domain base 12.
- High operating margins and solid operating cash flow support share repurchases and dividends 12.
- Recognized role in DNS infrastructure, with root servers operated directly by the company 1.
Weaknesses
- Contractual limits on pricing and marketing restrict commercial flexibility compared with other registries 1.
- Security and capacity costs for DDoS attacks are high and could rise over time 1.
- Revenue is concentrated in one major product, making the company sensitive to changes in .com and .net demand 1.
Opportunities
Threats
Risks
- Cyber-attacks and DDoShigh
Cyber-attacks and DDoS attacks can interrupt services, create legal liability and raise costs 1.
- System interruptionsmedium
Defects, system failures or data center problems can affect customer trust and service level agreements 1.
- Right to operate .com and .nethigh
Any loss or modification of the right to operate .com and .net would have a significant impact on the business 1.
- Data privacy regulationmedium
Data security and privacy laws could become costly if the company begins to receive registrant personal information 1.
- Dependence on RPKI and BGPmedium
Vulnerabilities in the global routing system and RPKI, which the company does not control, can affect service availability 1.
Investment thesis
What would need to be true (bull case)
- Steady growth in the domain base and revenues, combined with solid operating cash flow, could support shareholder distributions 12.
- The operator position for .com and .net, backed by long-term contracts, provides a stable base for recurring revenue 1.
- New products and contractual price increases could add growth if demand remains solid 23.
What would break the thesis
What to watch
- Development of the .com and .net domain base and renewal rateQ4 2026
- Effect of the .com wholesale fee increase effective 1 November 2026Q4 2026
- Launch of the .web registry and the Verisign Informed service2027
Products, market & competition
AI-generatedAI-generated analysis (Claude) from cited public sources; it may contain errors. Not investment advice. As of 27 Oct 2026 · Model: claude-haiku-5-5.
The business
The company operates the .com, .net and .name gTLD registries under agreements with ICANN, the .cc ccTLD registry and back-end services for .edu 1. Revenue comes mainly from fees registrars pay per annual .com and .net registration, and prices are contractually limited 1. It also operates two of the thirteen global internet root servers 1.
The .com and .net domain name base reached 182.5 million registrations at 30 September 2026, up 6.1% year over year 2. The company has also reported the rollout of the .web top-level domain and a limited beta of its Verisign Informed validation service 3.
Capital returns remain part of the strategy, with a share repurchase program that still had funds available at 30 September 2026 2. The company also announced a higher .com wholesale fee effective 1 November 2026 2.
Segments
.com and .net registry
This line generates most revenue, tied to new registrations, the renewal rate and permitted price increases under ICANN and DOC terms 1. In the third quarter of 2026, 13.1 million new registrations were processed 2.
Other registries and services
The .cc, .name, IDN gTLD and .edu back-end services are not significant relative to total revenues but add diversification 1.
Market context
Demand for .com and .net domains depends on growth in online advertising, e-commerce and internet users 1. The company notes that renewal rates and new registrations are also shaped by economic conditions and consumer behavior 2.
The market is constrained by competition from other top-level domains and by alternatives such as social media or e-commerce platforms, which could reduce demand for new domains 1.
Trends
- Growth of the domain basetailwind
The domain base grew in 2025 and 2026, with more new registrations and better renewal rates, supporting revenues 12.
- Contractual price increasestailwind
The cap on .com price increases allows contractual rises, and the higher .com wholesale fee from November 2026 could support revenues 12.
- Competition from online alternativesheadwind
Social media and e-commerce platforms could reduce demand for new domain registrations 1.
- Artificial intelligencemixed
AI-based tools can make cyber-attacks more sophisticated and add competitive pressure, which could require extra spending 1.
Competitive position
The company competes with other gTLD and ccTLD registries, including CentralNic, DENIC eG, GoDaddy, Google, Identity Digital, Nominet, Public Interest Registry, Radix and .xyz 1. Contractual pricing and distribution limits for .com and .net may create a competitive disadvantage against more freely regulated registries 1.
The industry features collaboration among competitors and consolidation, which could affect the company's competitive position if such arrangements benefit others 1.
- GoDaddyGDDY
Registrar and domain services provider named as a competitor in the registry space 1.
- GoogleGOOGL
Operates a domain registry and is named among competitors in the gTLD and ccTLD space 1.
- Identity Digital
Operator of gTLD registries, named as a competitor in the source 1.
- Radix
Operator of gTLD registries, named as a competitor in the source 1.
Links, dependencies and risks
Who the company is tied to, from its own SEC filings (customers, suppliers, production, partners, competitors, countries, regulation), from the 5 %+ holders' statements (13D/13G) and from what other companies say about it. Click a node for its evidence; on a listed company the graph moves to it.
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News & filings
In the press
- Verisign .com Domain Name Registry Consumer Class ActionHacker News · 19 Oct 2026 · EN
- Is VeriSign Stock Underperforming the Dow?Yahoo Finance — News · 21 Sept 2026 · EN
- Are Wall Street Analysts Bullish on VeriSign Stock?Yahoo Finance — News · 24 Aug 2026 · EN
The latest news item in our archive is from 19 Oct 2026; the newest SEC filing is from 22 Oct 2026. The press archive comes from the RSS feeds we follow and does not necessarily cover the latest event — the filings alongside do.
SEC filings
- Quarterly report22 Oct 2026
- Current report22 Oct 2026Results of operations · Financial statements and exhibits
- Current report27 Aug 2026Other events
- Quarterly report23 Jul 2026
- Current report23 Jul 2026Results of operations · Other events · Financial statements and exhibits
- Current report26 Jun 2026Material agreement · Financial statements and exhibits
- Current report26 Jun 2026Other events · Financial statements and exhibits
- Current report21 May 2026Departure or appointment of officers · Shareholder vote · Financial statements and exhibits
- Quarterly report23 Apr 2026
- Current report23 Apr 2026Results of operations · Financial statements and exhibits
Sources
- [1] Form 10-K, fiscal year ended 2025-12-31 · SEC / VRSN · 05 Feb 2026
- [2] Form 10-Q, quarter ended 2026-09-30 · SEC / VRSN · 22 Oct 2026
- [3] Form 8-K, results release (exhibit 99.1) · SEC / VRSN · 22 Oct 2026
Figures computed by olivLaw from SEC filings and closing prices; the qualitative analysis is AI-generated from cited sources. Not investment advice.