VeriSign (VRSN) Q4 2025 earnings summary

Executive summary

• Achieved 28 years of 100% uptime for .com and .net DNS, with significant increases in service utilization and domain registrations in 2025.

• Domain name base grew by 4.5 million (2.6%) to 173.5 million, with 41.7 million new registrations, the highest since 2021.

• Revenue for 2025 was $1.66 billion, up 6.4% year-over-year; EPS rose by 10.1% to $8.81.

• Returned over $1.1 billion to shareholders in 2025 through share repurchases and dividends.

Financial highlights

• 2025 revenue was $1.66 billion, up 6.4% year-over-year; operating income reached $1.12 billion, up 5.9%.

• Q4 2025 revenue was $425 million, up 7.5% year-over-year; Q4 net income was $206 million, with diluted EPS of $2.23.

• Free cash flow for 2025 totaled $1.07 billion.

• Cash, cash equivalents, and marketable securities totaled $581 million at year-end.

• Share repurchases totaled $859 million for 2025; $1.08 billion remains authorized for future repurchases.

Outlook and guidance

• 2026 revenue expected between $1.715 billion and $1.735 billion; operating income between $1.16 billion and $1.18 billion.

• Domain name base growth projected at 1.5% to 3.5% for 2026.

• Interest expense and non-operating income net expected to be an expense of $57–67 million; capital expenditures projected at $55–65 million.

• GAAP effective tax rate anticipated between 22% and 25%.

• Board approved a 5.2% increase in quarterly dividend to $0.81 per share, payable February 27, 2026.