VeriSign, Inc.

verisign.com

What Do They Do?

Operates domain-name registries and internet infrastructure, providing .com and .net registration and resolution services for registrars and the people and organizations seeking domain names.

How Do They Make Money?

VeriSign charges registrars fixed fees for domain-name registrations and renewals; fees are generally due when registered or renewed, while service continues through the registration term.

FY2025 revenue

Who Are Their Customers?

Registrars are VeriSign’s direct customers: they register domain names with VeriSign after individual registrants contract with registrars or their resellers.

Customers above 10% of revenue, FY2025

of revenue from one customer

FY2023: 32% from one customer

Do Revenues Turn Into Profits?

Yes. It kept 50 cents of every revenue dollar as net income in FY2025 and turned 64 cents into free cash flow.

Operating income, FY2025

68% of revenue

▲ +6% vs FY2024 ($1.1B, 68%)

Net income, FY2025

50% of revenue

▲ +5% vs FY2024 ($785.7M, 50%)

Free cash flow, FY2025

64% of revenue

▲ +22% vs FY2024 ($874.5M, 56%)

How Are They Changing?

Since the FY2025 annual report

Latest quarter: Q3 FY2026, the three months to Sep 30, 2026

Revenue: ▲ +6%; vs $419.1M in Q3 FY2025
Net income: ▼ 0%; vs $212.8M in Q3 FY2025

Jul 23, 2026 VeriSign raised its full-year 2026 guidance The second-quarter release said the company was raising guidance for full-year 2026.

Growing. Revenue grew 25% in 4 years, from $1.3B in FY2021 to $1.7B in FY2025, about 6% a year.

Who Do They Compete With?

Competes with CentralNic, China Internet Network, DENIC eG, GoDaddy, Google, Identity Digital, Information Center, Nominet, Public Interest Registry, Radix, and .xyz

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