VeriSign, Inc. (NASDAQ: VRSN), posted their 2025 Q2 earnings report. They reported revenue of $410 million for the second quarter of 2025, up 5.9 percent from the same quarter in 2024.
Operating income was $281 million for the second quarter of 2025, compared to $266 million for the same quarter of 2024. Verisign reported net income of $207 million and diluted earnings per share (diluted “EPS”) of $2.21 for the second quarter of 2025, compared to net income of $199 million and diluted EPS of $2.01 for the same quarter of 2024.
The stock is down 1% in after hours trading.
Financial Highlights
- On July 22, 2025, Verisign’s Board of Directors approved a cash dividend of $0.77 per share of Verisign’s outstanding common stock to stockholders of record as of the close of business on August 19, 2025, payable on August 27, 2025.
- Verisign ended the second quarter of 2025 with cash, cash equivalents and marketable securities of $594 million, a decrease of $6 million from year-end 2024.
- Cash flow from operations was $202 million for the second quarter of 2025, compared to $160 million for the same quarter of 2024.
- Deferred revenues as of June 30, 2025 totaled $1.38 billion, an increase of $75 million from year-end 2024.
- During the second quarter of 2025, Verisign repurchased 0.6 million shares of its common stock for an aggregate cost of $163 million.
- Effective July 24, 2025 the Board of Directors approved an additional authorization for share repurchases of approximately $913 million of common stock, which brings the total amount to $1.5 billion authorized and available under Verisign’s share repurchase program which has no expiration.
Business Highlights
- Verisign ended the second quarter of 2025 with 170.5 million .com and .net domain name registrations in the domain name base, a 0.1 percent decrease from the end of the second quarter of 2024, and a net increase of 0.66 million domain names during the second quarter of 2025.
- During the second quarter of 2025, Verisign processed 10.4 million new domain name registrations for .com and .net, compared with 9.2 million for the second quarter of 2024.
- The final .com and .net renewal rate for the first quarter of 2025 was 75.5 percent compared to 74.1 percent for the same quarter of 2024. Renewal rates are not fully measurable until 45 days after the end of the quarter.