VeriSign, Inc. (NASDAQ: VRSN) is an internet infrastructure company that operates the authoritative domain name registries for .com and .net. Revenue comes from per-registration fees charged to accredited registrars each time a domain name is registered or renewed for an annual term, with pricing set under agreements with ICANN and the U.S. Department of Commerce. VeriSign sits at the top of the domain name value chain as the sole authorized back-end registry operator for .com and .net, the two largest generic top-level domains by registration volume. As of December 31, 2025, the company maintained 173.5 million .com and .net registrations in its domain name base, processed 41.7 million new registrations during FY2025, and posted a third-quarter 2025 renewal rate of 75.4%. The company also operates registries and technical systems for several other generic top-level domains and one country-code top-level domain, none of which are material to consolidated revenue. VeriSign had 928 employees as of December 31, 2025, and is listed on the Nasdaq Global Select Market.

Revenue model

Per-registration fees collected from accredited domain name registrars on each annual .com or .net registration and renewal. Fee levels are governed by agreements with ICANN and the U.S. Department of Commerce. Registrars are the direct customers; end registrants contract with registrars. Additional registry and technical services fees from other gTLDs and one ccTLD are not material to consolidated revenue. Operating income margin was 67.7% in FY2025.

Products and services

.com domain name registry, .net domain name registry, back-end registry and technical systems operations for additional gTLDs and one ccTLD.

Customers and end markets

Direct customers are ICANN-accredited domain name registrars and their resellers. End registrants include businesses, individuals, and domain name investors worldwide. Demand is driven by internet growth, registrar marketing activity, and economic conditions. The domain name base grew 2.6% in FY2025 to 173.5 million registrations.

Value-chain role

Authoritative back-end registry operator. VeriSign sits between ICANN (policy and contract authority) and accredited registrars (retail distribution). It does not sell directly to end registrants. The company operates the authoritative DNS infrastructure that resolves .com and .net queries across the internet.

Geographic exposure

Revenue generated across four regions per FY2025 10-K: U.S. $1,093.1 million (up 6% vs. FY2024), EMEA $279.4 million (up 12% vs. FY2024), APAC including Australia, China, Japan, and Singapore, and other countries including Canada and Latin America.

Source: SEC 10-K, filed 2026-02-05

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