Information Technology · Internet Services & Infrastructure · US stock · price as of 16 Oct 2026
Key indicators
Price
$302.34
52-week range
$206.93 – $311.57
Market cap
$27.5B
P/E (trailing)
32.9×
EV / EBITDA
23.9×
Free-cash-flow yield
3.9%
Dividend yield
1.1%
Revenue (last 12 months)
$1.7B
Revenue growth (3y a year)
5.2%
Operating margin
67.9%
Return on invested capital
–
Net debt / EBITDA
0.6×
Fair value
Blended fair value$248.68 range $240 – $257
Versus priceFair−18% to fair value
Peer multiples
$341.26
10-year DCF (market-scaled)
$156.09
Earnings power value (floor, not blended)
$74.35
Model uncertainty
Medium
X-Ray Score
60/ 100 · Medium confidence · ahead of 79% of sector peers
Valuation57
Growth43
Profitability95
Financial health48
Dividends38
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Verisign operates registry services for internet domain names, and it is the exclusive registry operator for the dot com and dot net domains. It maintains the databases that let internet addresses work and keeps infrastructure running with very high availability. The company earns money from annual fees charged for each domain name registration and renewal, so its revenue is largely recurring. Pricing is subject to agreements with oversight bodies.
Revenue for the last twelve months was $1.7 billion, and it grew by 5.2% a year over three years. The operating margin is 67.9%. Net debt to EBITDA is 0.6 times. It pays a dividend with a yield of 1.1%.
StocksXray gives Verisign Inc an X-Ray Score of 60 out of 100 (medium confidence), ahead of 79% of the S&P 500 stocks in its sector. Its strongest lens is profitability (95) and its weakest is dividends (38).
Our fair value blend is $248.68 (range $240.14 to $257.21). At $302.34 the stock trades 22% above that blend, so the label is "Fair" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Verisign Inc (VRSN)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2021
FY2022
FY2023
FY2024
FY2025
Now
Price
$249.30
$201.78
$202.29
$203.27
$240.70
$302.34
Market cap
$28.0B
$21.8B
$20.9B
$20.0B
$22.6B
$27.5B
P/E
35.6×
32.3×
–
–
–
32.9×
EV / revenue
21.5×
15.9×
14.6×
13.4×
14.4×
16.6×
EV / EBITDA
31.2×
22.8×
20.9×
19.0×
20.6×
23.9×
Price / free cash flow
37.1×
27.1×
25.9×
22.8×
21.1×
25.8×
Free-cash-flow yield
2.7%
3.7%
3.9%
4.4%
4.7%
3.9%
Price / book
–
–
–
–
–
–
Dividend yield
–
–
–
–
0.96%
1.06%
Fundamentals checklist ● 5 Good · ● 7 Average · ● 2 Bad · each check graded against the sector
Cash quality
Earnings backed by cash−13.9%Good
Free-cash-flow yield3.9%Average
Risk models
Altman Z score-19.6×Bad
Piotroski F-Score8 of 9Good
Growth
Free-cash-flow growth (3y)10.0%Average
Revenue growth (3y)5.2%Average
Growth consistency100%Good
Balance sheet
Current ratio0.6×Bad
Net debt / EBITDA0.6×Average
Interest cover15.3×Average
Valuation
Fair value vs price0.8×Average
EBIT / EV yield4.1%Average
Profitability
Operating margin67.9%Good
Gross profitability83.8%Good
Red flags
Negative equity — Book equity is negative
XStocksXray
Verisign Inc (VRSN)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY21
FY22
FY23
FY24
FY25
LTM
Revenue
1,328
1,425
1,493
1,557
1,657
1,708
Gross profit
1,136
1,224
1,296
1,366
1,460
1,511
Operating income
867
943
1,001
1,058
1,121
1,159
Net income
785
674
818
786
826
850
Diluted EPS ($)
7.00
6.24
–
–
–
9.18
Free cash flow
754
804
808
875
1,068
1,066
Gross margin
85.5%
85.9%
86.8%
87.7%
88.2%
88.5%
Operating margin
65.3%
66.2%
67.0%
67.9%
67.7%
67.9%
Net margin
59.1%
47.3%
54.8%
50.4%
49.8%
49.8%
Balance sheet
FY21
FY22
FY23
FY24
FY25
LTM
Total assets
1,984
1,733
1,749
1,407
1,326
1,803
Cash
224
374
240
207
308
841
Total debt
1,786
1,788
1,790
1,493
1,788
1,785
Equity
-1,261
-1,562
-1,581
-1,958
-2,154
-2,254
Dividend per share ($)
–
–
0.00
0.00
2.31
3.16
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.