VeriSign (VRSN) financial statements
VeriSign reported revenue of $1.7B in fiscal 2025, up 4.2% a year over 9 years.
Net income was $826M and the operating margin 67.7%, against 60.1% in 2016.
Free cash flow was $1.1B, and the company returned $215M in dividends and $882M in net buybacks.
The diluted share count fell 27% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from VeriSign's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.1B | $1.2B | $1.2B | $1.2B | $1.3B | $1.3B | $1.4B | $1.5B | $1.6B | $1.7B |
| Cost of revenue | $198M | $193M | $192M | $180M | $180M | $192M | $201M | $197M | $191M | $196M |
| Gross profit | $944M | $972M | $1.0B | $1.1B | $1.1B | $1.1B | $1.2B | $1.3B | $1.4B | $1.5B |
| Research and development | $59M | $52M | $58M | $61M | $75M | $80M | $86M | $91M | $97M | $104M |
| Selling, general and admin | $198M | $212M | $198M | $184M | $186M | $188M | $195M | $204M | $211M | $236M |
| Operating income | $687M | $708M | $767M | $806M | $824M | $867M | $943M | $1.0B | $1.1B | $1.1B |
| Interest expense | $116M | $136M | $115M | $91M | $90M | $83M | $75M | $75M | $75M | $77M |
| Pre-tax income | $581M | $599M | $730M | $759M | $750M | $782M | $880M | $976M | $1.0B | $1.1B |
| Income tax | $141M | $142M | $147M | $146M | -$65M | -$3M | $206M | $159M | $236M | $243M |
| Net income | $441M | $457M | $582M | $612M | $815M | $785M | $674M | $818M | $786M | $826M |
| EPS (diluted) | $3.42 | $3.68 | $4.75 | $5.15 | $7.07 | $7.00 | $6.24 | — | — | — |
| Diluted shares | 129M | 124M | 123M | 119M | 115M | 112M | 108M | 104M | 98M | 94M |
| Gross margin | 82.6% | 83.4% | 84.2% | 85.3% | 85.8% | 85.5% | 85.9% | 86.8% | 87.7% | 88.2% |
| Operating margin | 60.1% | 60.7% | 63.2% | 65.5% | 65.1% | 65.3% | 66.2% | 67.0% | 67.9% | 67.7% |
| Net margin | 38.6% | 39.2% | 47.9% | 49.7% | 64.4% | 59.1% | 47.3% | 54.8% | 50.4% | 49.8% |
Balance sheet
Fiscal years, from VeriSign's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.8B | $2.4B | $1.3B | $1.2B | $1.2B | $1.2B | $986M | $932M | $605M | $582M |
| Receivables | $13M | $5M | $6M | $2M | $5M | $5M | $6M | $6M | $6M | $8M |
| Total current assets | $1.8B | $2.4B | $1.3B | $1.3B | $1.2B | $1.3B | $1.0B | $988M | $664M | $652M |
| Property, plant and equipment | $266M | $264M | $254M | $250M | $246M | $251M | $232M | $233M | $224M | $214M |
| Goodwill | $53M | $53M | $53M | $53M | $53M | $52M | $52M | $52M | $52M | $52M |
| Total assets | $2.3B | $2.9B | $1.9B | $1.9B | $1.8B | $2.0B | $1.7B | $1.7B | $1.4B | $1.3B |
| Total current liabilities | $1.5B | $1.6B | $948M | $965M | $989M | $1.1B | $1.1B | $1.2B | $1.5B | $1.3B |
| Total liabilities | $3.5B | $4.2B | $3.3B | $3.3B | $3.2B | $3.2B | $3.3B | $3.3B | $3.4B | $3.5B |
| Shareholders' equity | -$1.2B | -$1.3B | -$1.4B | -$1.5B | -$1.4B | -$1.3B | -$1.6B | -$1.6B | -$2.0B | -$2.2B |
| Net debt | -$232M | -$466M | -$357M | -$508M | -$401M | -$224M | -$374M | -$240M | -$207M | -$308M |
Cash flow
Fiscal years, from VeriSign's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $693M | $703M | $698M | $754M | $730M | $807M | $831M | $854M | $903M | $1.1B |
| Capital spending | $27M | $49M | $37M | $40M | $43M | $53M | $27M | $46M | $28M | $23M |
| Free cash flow | $666M | $653M | $661M | $714M | $687M | $754M | $804M | $808M | $874M | $1.1B |
| Stock-based compensation | $50M | $53M | $53M | $51M | $48M | $53M | $59M | $60M | $61M | $70M |
| Dividends paid | — | — | — | — | — | — | — | $0 | $0 | $215M |
| Share buybacks (net) | -$662M | -$621M | -$638M | -$783M | -$778M | -$723M | -$1.0B | -$901M | -$1.2B | -$882M |
| Net borrowing | $0 | $543M | $0 | $0 | — | — | — | $0 | $0 | -$500M |
| Free cash flow margin | 58.3% | 56.1% | 54.4% | 57.9% | 54.3% | 56.8% | 56.4% | 54.1% | 56.2% | 64.5% |
| Dividends per share | — | — | — | — | — | — | — | — | — | $2.29 |
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Open VRSN in InvestinglyQuestions
What was VeriSign's revenue in 2025?
$1.7B in fiscal 2025, from its 10-K filing.
How much free cash flow does VeriSign generate?
$1.1B in fiscal 2025 (operating cash flow minus capital spending).
From VeriSign's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.