VeriSign, Inc. · VRSN · FY2024 Q4 · Calendar Q1 2025

VeriSign pairs modest growth with a shrinking domain base

VeriSign’s modest financial growth and resilient cash returns support the case for stability, but the shrinking domain base remains the central test. The supplied analysis points to registrar marketing, improving China trends, and new TLD opportunities as potential offsets; evidence is not yet conclusive.

Reported After market closeNASDAQTechnology $27.46B market cap
80quality score

Earnings scorecard

Reported versus consensus
Reported EPS — Consensus $2.00
EPS surprise — Reported versus consensus
Reported revenue — Consensus $394.1M
Revenue surprise — Reported versus consensus

Market reaction

event-close to next-session close
Stock move +0.5% Event window
SPY move -0.9% Same window
Abnormal move +1.5% Stock minus SPY
Volume 1.7× Versus trailing sessions
Subsequent drift +8.0% Up to 20 sessions
VRSNSPY benchmark

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Transcript intelligence

What changed

Compared with the prior quarter, management sounded more confident: Q4 registrations and renewal rates improved, China-related pressure eased, and 2025 guidance was introduced. The core domain base still declined, so the growth thesis remains dependent on execution of the new marketing programs.

Guidance delta

Maintained: management provided 2025 guidance for $1.615–$1.635 billion of revenue and a slight domain-base contraction.

Key takeaways

  • 2024 revenue rose 4.3% year over year and operating income increased 5.7%.
  • The domain name base declined 2.1% year over year, despite Q4 new registrations rising to 9.5 million and renewal rates improving to 73.9%.
  • Management is relying on registrar marketing programs, slower China-related declines, and potential new TLD opportunities to support performance.
  • Capital returns remained substantial, with $1.2 billion returned to shareholders in 2024.

Management priorities

  • Roll out and refine registrar marketing programs during 2025.
  • Pursue the .web TLD opportunity and monitor new gTLD auctions.
  • Continue share repurchases with about $1 billion authorized.
  • Maintain relationships with ICANN and NTIA amid leadership changes.

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Earnings History

Estimate Beat Miss Match
VRSN EPS earnings history estimate and actual scatter chart 9 reported fiscal quarters and 4 future estimate-only quarters. Q4 '23 estimate $1.86 Q4 '23 actual $1.92, beat Q1 '24 estimate $1.86 Q1 '24 actual $1.92, beat Q2 '24 estimate $1.93 Q2 '24 actual $2.01, beat Q3 '24 estimate $2.01 Q3 '24 actual $2.07, beat Q2 '25 estimate $2.20 Q2 '25 actual $2.21, match Q3 '25 estimate $2.25 Q3 '25 actual $2.27, beat Q4 '25 estimate $2.35 Q4 '25 actual $2.23, miss Q1 '26 estimate $2.30 Q1 '26 actual $2.34, beat Q2 '26 estimate $2.42 Q2 '26 actual $2.38, miss Q3 '26 estimate $2.46 Q4 '26 estimate $2.51 Q1 '27 estimate $2.61 Q2 '27 estimate $2.72
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Analyst Consensus ?

ConsensusBuy15 ratings
Bullish960.0%
Neutral533.3%
Bearish16.7%

Analyst 52W Price Targets

$303.74Previous close
$215Low
$280.8Average
$355High

Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 12, 2026. Not an FN2 forecast.

Firm-level rating actions

FMP grade actions identify the grading firm, not a named analyst.

FirmRatingPrior ratingActionDate
Wedbush Outperform OutperformMaintainSep 1, 2026
JP Morgan Neutral NeutralMaintainJul 24, 2026
Citigroup Buy BuyMaintainApr 24, 2026
Baird Outperform OutperformMaintainApr 24, 2026
CFRA Hold HoldMaintainApr 27, 2020
Show 10 more rating actions

Named analyst price targets

Upside is calculated against the persisted previous close $303.74. FMP does not supply a rating on these named-analyst rows.

FirmAnalyst52W targetPrice when postedUpsideDate
WedbushAnalyst unavailable$341$288.28 +12.3%Sep 1, 2026
WedbushAnalyst unavailable$324$261.58 +6.7%Jul 24, 2026
Robert W. BairdAnalyst unavailable$355$276.95 +16.9%Apr 24, 2026
Robert W. BairdAnalyst unavailable$325$233.01 +7.0%Oct 24, 2025
Robert W. BairdRob Oliver$250$191.14 -17.7%Dec 9, 2024
See 4 more

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Company context

Snapshot as of publication

VeriSign, Inc., along with its affiliates, provides fundamental internet infrastructure and domain name registration services, which enable global web navigation across numerous recognized online addresses. The company plays a crucial role in upholding the security, stability, and resilience of internet systems and services. This includes its function as the root zone maintainer, operating two of the thirteen internet root servers globally, and delivering essential registration and authoritative lookup services for the widely used .com and .net domains, which are vital for worldwide online commerce. Beyond these, VeriSign also manages the underlying technical systems for several other top-level domains, such as .cc, .gov, .edu, and .name. Its operational scope further encompasses distributed server management, network infrastructure, cybersecurity, and ensuring data integrity. Established in 1995, VeriSign, Inc. maintains its corporate headquarters in Reston, Virginia.

Historical context

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Sources

  1. Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
  2. FN2 earnings calendar · 2025-01-23T00:02:36.799981+00:00
  3. Polygon adjusted daily market bars · 2026-10-12T07:50:46.052591+00:00
  4. Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-12T07:50:46.049774+00:00

Methodology

Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.

Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.

Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.

By FN2 Research · Updated · As of 2026-10-12. For educational purposes only; not investment advice.