# VeriSign, Inc. (VRSN)

> Source: Nexqual · https://nexqual.com/VRSN · data as of 2026-10-22 20:00 UTC · cite as "Nexqual, VeriSign, Inc. (VRSN), nexqual.com/VRSN" · informational, not investment advice.

**Price:** USD 304.59 (-0.87% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 307.25 · day 296.95–311.54 · 52w 208.86–312.48 · market cap $27.5B · NMS

## Key facts
- Last four reported quarters (through Sep 30, 2026): revenue $1.73B, net income $850M (49.1% margin), free cash flow $1.02B (SEC filings).
- Valuation: P/E 32.4x (avg 26.5x at the last 3 fiscal year-ends), EV/EBITDA 24.1x, net debt $1.31B.
- 3 of 80 tracked superinvestors hold VRSN (13F, Q2 2026): 0 new, 0 added, 2 reduced, 1 unchanged.
- Analysts: Hold (mean 2.80 on a 1–5 scale) (5 analysts), mean target USD 327.4 (range 290–355).
- Total return with dividends: 1Y +23.1% vs S&P 500 +14.9%; 5Y +41.8% vs S&P 500 +80.3%.
- Next earnings: 2026-10-22, EPS estimate USD 2.44, revenue estimate $453M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $1.33B | $1.42B | $1.49B | $1.56B | $1.66B | $1.73B |
| Gross profit | $1.14B | $1.22B | $1.30B | $1.37B | $1.46B | — |
| Operating income | $867M | $943M | $1.00B | $1.06B | $1.12B | $1.17B |
| Net income | $785M | $674M | $818M | $786M | $826M | $850M |
| EPS (diluted) | $7.00 | $6.24 | — | — | — | — |
| Free cash flow | $754M | $804M | $808M | $875M | $1.07B | $1.02B |
| Gross margin | 85.5% | 85.9% | 86.8% | 87.7% | 88.2% | — |
| Operating margin | 65.3% | 66.2% | 67.0% | 67.9% | 67.7% | 67.6% |
| Net margin | 59.1% | 47.3% | 54.8% | 50.4% | 49.8% | 49.1% |
| Revenue growth | +4.9% | +7.3% | +4.8% | +4.3% | +6.4% | — |
| Cash + short-term investments | $1.21B | $986M | $932M | $605M | $582M | — |
| Total debt | $1.79B | $1.79B | $1.79B | $1.49B | $1.79B | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Sep 30, 2026)
P/E 32.4x · P/S 15.9x · EV/EBITDA 24.1x · EV/Sales 16.7x · P/FCF 26.9x · FCF yield 3.72% · Earnings yield 3.09% · Dividend yield (paid, TTM) 1.06% · Buyback yield (TTM) 3.18% · Net debt $1.31B · EV $28.8B
P/E at fiscal year-ends: Dec 2025 27.6x, Dec 2024 25.9x, Dec 2023 26.1x.

## Superinvestors (SEC 13F-HR, Q2 2026)
3 of 80 tracked investors hold VRSN. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Warren Buffett | Berkshire Hathaway | 0.76% | $2.26B | Unchanged |
| Van Den Berg Management I |  | 0.75% | $3.6M | Reduced -1.6% |
| Terry Smith | Fundsmith | 0.10% | $14.0M | Reduced -50.9% |

## Analysts
Consensus Hold (mean 2.80 on a 1–5 scale), 5 analysts; mean target USD 327.4 (low 290, high 355).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Wedbush | Target raised | Outperform | $341 → $351 |
| 2026-09-01 | Wedbush | Target raised | Outperform | $324 → $341 |
| 2026-07-24 | JP Morgan | Target raised | Neutral | $308 → $316 |
| 2026-07-24 | Wedbush | Target raised | Outperform | $318 → $324 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +23.1% | +41.8% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +23.2% | +7.2% |
| Volatility (annualized) | 28.7% | 25.6% |
| Max drawdown | -20.3% (May 2026→Jun 2026) | -37.9% (Dec 2021→Jun 2022) |

## Peers (Software - Infrastructure)
CPAY (Corpay, Inc.) USD 415.01 +1.83% · MDB (MongoDB, Inc.) USD 362.24 -7.30% · IOT (Samsara Inc.) USD 43.78 +1.25% · FFIV (F5, Inc.) USD 450.08 -1.86% · RBRK (Rubrik, Inc.) USD 120.75 +0.31% · CRWV (CoreWeave, Inc.) USD 55.6 -10.06%

## More
Full page: https://nexqual.com/VRSN · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in VRSN's own 10-K filed 2026-02-05 (https://www.sec.gov/Archives/edgar/data/1014473/000101447326000006/vrsn-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Competitor | Alphabet (Google) (GOOGL) | "Among our competitors operating gTLD and ccTLD registries are CentralNic, China Internet Network, DENIC eG, GoDaddy, Google, Identity Digital, Information Center (CNNIC), Nominet, Public Interest Registry (PIR), Radix, a…" |

## Revenue by region (quarter ended 2026-09-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| US | $295.1M | 66.6% | +7.0% |
| EMEA | $78.0M | 17.6% | +9.6% |
| Asia Pacific | $46.8M | 10.6% | -0.4% |
| Other | $23.1M | 5.2% | -7.6% |
| Total revenue | $443.0M | 100% | — |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-12-31) | $2.44 | $2.44 | -0.1% | $452.9M | 2 |
| Next quarter (ends 2027-03-31) | $2.63 | $2.60 | +1.2% | $470.7M | 1 |
| Current fiscal year (ends 2026-12-31) | $9.51 | $9.56 | -0.5% | $1.76B | 3 |
| Next fiscal year (ends 2027-12-31) | $10.92 | $10.76 | +1.5% | $1.94B | 4 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 39.9% | ±9.4% |
| 2026-12-18 | 56 | 35.4% | ±11.5% |
| 2027-01-15 | 84 | 33.4% | ±13.3% |
| 2027-03-19 | 147 | 34.0% | ±17.7% |
| 2027-06-17 | 237 | 33.7% | ±22.2% |