Verisign Reports First Quarter 2026 Results
RESTON, Va.--( BUSINESS WIRE)--VeriSign, Inc. (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, today reported financial results for the first quarter of 2026.
VeriSign, Inc. and its subsidiaries (“Verisign”) reported revenue of $429 million for the first quarter of 2026, up 6.6 percent from the same quarter in 2025. Operating income was $294 million for the first quarter of 2026, compared to $271 million for the same quarter of 2025. Verisign reported net income of $215 million and diluted earnings per share (diluted “EPS”) of $2.34 for the first quarter of 2026, compared to net income of $199 million and diluted EPS of $2.10 for the same quarter of 2025.
“Through the first quarter of 2026 we continued to execute on our primary mission, extending into its 29th year our unparalleled record of providing 100% availability of our resolution service for the .com/.net domains. For the quarter, we delivered both steady growth in registrations and solid financial results,” said Jim Bidzos, Executive Chairman, President and Chief Executive Officer.
Financial Highlights
Business Highlights
Today’s Conference Call
Verisign will host a live conference call today at 4:30 p.m. (EDT) to review the first quarter 2026 results. The call will be accessible by direct dial at (888) 676-VRSN (U.S.) or (646) 769-9200 (international), conference ID: Verisign. A listen-only live web cast of the conference call and accompanying slide presentation will also be available at https://investor.verisign.com. An audio archive of the call will be available at https://investor.verisign.com/events.cfm. This news release and the financial information discussed on today’s conference call are available at https://investor.verisign.com.
About Verisign
Verisign (NASDAQ: VRSN), a global provider of critical internet infrastructure and domain name registry services, enables internet navigation for many of the world’s most recognized domain names. Verisign helps enable the security, stability, and resiliency of the Domain Name System and the internet by providing root zone maintainer services, operating two of the 13 global internet root servers, and providing registration services and authoritative resolution for the .com and .net top-level domains, which support the majority of global e-commerce. To learn more please visit verisign.com.
Statements in this announcement other than historical data and information constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 as amended and Section 21E of the Securities Exchange Act of 1934 as amended. These statements involve risks and uncertainties that could cause our actual results to differ materially from those stated or implied by such forward-looking statements. The potential risks and uncertainties include, among others, attempted security breaches, cyber-attacks, and DDoS attacks against our systems and services; the introduction of undetected or unknown defects in our systems or services; vulnerabilities in the global routing system; system interruptions or system failures; damage or interruptions to our data centers, data center systems or resolution systems; risks arising from our operation of root servers and our performance of the Root Zone Maintainer functions; any loss or modification of our right to operate the .com and .net gTLDs; changes or challenges to the pricing provisions of the .com Registry Agreement; new or existing governmental laws and regulations in the U.S. or other applicable non-U.S. jurisdictions; new laws, regulations, directives or ICANN policies that require us to obtain and maintain personal information of registrants; economic, legal, regulatory, and political risks associated with our international operations; unfavorable changes in, or interpretations of, tax rules and regulations; risks from the implementation of ICANN’s consensus and temporary policies, technical standards and other processes; the weakening of, or changes to, the multi-stakeholder model of internet governance; the outcome of claims, lawsuits, audits or investigations; challenging economic conditions; our ability to compete in the highly competitive business environment in which we operate; changes in internet practices and behavior and the adoption of substitute technologies, or the negative impact of wholesale price increases; our ability to expand our services into developing and emerging economies; our ability to maintain strong relationships with registrars and their resellers; our ability to attract, retain and motivate highly skilled employees; the continuity of our quarterly dividend; our ability to protect and enforce our intellectual property rights; challenges from the use of AI technology by third-parties or us; and the impact on our stock price from the dissemination of false or misleading information by unrelated third parties. More information about potential factors that could affect our business and financial results is included in our filings with the SEC, including in our Annual Report on Form 10-K for the year ended Dec. 31, 2025 and subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K. Verisign undertakes no obligation to update any of the forward-looking statements after the date of this announcement.
©2026 VeriSign, Inc. All rights reserved. VERISIGN, the VERISIGN logo, and other trademarks, service marks, and designs are registered or unregistered trademarks of VeriSign, Inc. and its subsidiaries in the United States and in foreign countries. All other trademarks are property of their respective owners.
VERISIGN, INC.
CONDENSED CONSOLIDATED BALANCE SHEETS
(In millions, except par value)
(Unaudited)
March 31, 2026
December 31, 2025
ASSETS
Current assets:
Cash and cash equivalents
$
476.7
$
307.9
Marketable securities
79.7
272.6
Other current assets
69.6
72.0
Total current assets
626.0
652.5
Property and equipment, net
214.2
213.7
Goodwill
52.5
52.5
Deferred tax assets
227.9
233.2
Deposits to acquire intangible assets
145.2
145.2
Other long-term assets
31.4
28.8
Total long-term assets
671.2
673.4
Total assets
$
1,297.2
$
1,325.9
LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current liabilities:
Accounts payable and accrued liabilities
$
283.9
$
298.0
Deferred revenues
1,071.2
1,035.1
Total current liabilities
1,355.1
1,333.1
Long-term deferred revenues
358.2
349.4
Long-term senior notes
1,788.8
1,788.2
Long-term tax and other liabilities
8.5
9.4
Total long-term liabilities
2,155.5
2,147.0
Total liabilities
3,510.6
3,480.1
Commitments and contingencies
Stockholders’ deficit:
Preferred stock—par value $.001 per share; Authorized shares: 5.0; Issued and outstanding shares: none
—
—
Common stock and additional paid-in capital—par value $.001 per share; Authorized shares: 1,000; Issued shares: 355.8 at March 31, 2026 and 355.6 at December 31, 2025; Outstanding shares: 91.1 at March 31, 2026 and 91.9 at December 31, 2025
9,349.9
9,623.5
Accumulated deficit
(11,560.5
)
(11,775.0
)
Accumulated other comprehensive loss
(2.8
)
(2.7
)
Total stockholders’ deficit
(2,213.4
)
(2,154.2
)
Total liabilities and stockholders’ deficit
$
1,297.2
$
1,325.9
VERISIGN, INC.
CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
(In millions, except per share data)
(Unaudited)
Three Months Ended March 31,
2026
2025
Revenues
$
428.9
$
402.3
Costs and expenses:
Cost of revenues
49.2
49.4
Research and development
27.5
26.0
Selling, general and administrative
58.6
55.7
Total costs and expenses
135.3
131.1
Operating income
293.6
271.2
Interest expense
(18.9
)
(20.3
)
Non-operating income, net
4.7
7.5
Income before income taxes
279.4
258.4
Income tax expense
(64.9
)
(59.1
)
Net income
214.5
199.3
Other comprehensive loss
(0.1
)
(0.3
)
Comprehensive income
$
214.4
$
199.0
Earnings per share:
Basic
$
2.34
$
2.11
Diluted
$
2.34
$
2.10
Shares used to compute earnings per share
Basic
91.6
94.6
Diluted
91.8
94.8
VERISIGN, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(In millions)
(Unaudited)
Three Months Ended March 31,
2026
2025
Cash flows from operating activities:
Net income
$
214.5
$
199.3
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property and equipment
6.4
8.9
Stock-based compensation expense
19.1
17.5
Amortization of discount on investments in debt securities
(1.6
)
(3.6
)
Other, net
0.4
1.1
Changes in operating assets and liabilities:
Other assets
(0.4
)
0.2
Other liabilities
(16.2
)
6.6
Deferred revenues
44.9
57.2
Net deferred income taxes
5.3
4.1
Net cash provided by operating activities
272.4
291.3
Cash flows from investing activities:
Proceeds from maturities and sales of marketable securities
273.8
358.6
Purchases of marketable securities
(79.4
)
(35.2
)
Purchases of property and equipment
(7.2
)
(5.8
)
Net cash provided by investing activities
187.2
317.6
Cash flows from financing activities:
Repurchases of common stock
(225.4
)
(241.7
)
Payment of dividends
(74.2
)
—
Proceeds from employee stock purchase plan
8.5
7.9
Repayment of borrowings
—
(500.0
)
Proceeds from senior note issuance, net of issuance costs
—
493.9
Net cash used in financing activities
(291.1
)
(239.9
)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash
0.3
(0.3
)
Net increase in cash, cash equivalents, and restricted cash
168.8
368.7
Cash, cash equivalents, and restricted cash at beginning of period
309.5
212.1
Cash, cash equivalents, and restricted cash at end of period
$
478.3
$
580.8
Supplemental cash flow disclosures:
Cash paid for interest
$
13.1
$
26.2
Cash paid for income taxes, net of refunds received
$
28.7
$
20.0