VeriSign Reports 6% Revenue Growth to $409.9 Million in Q2 2025

VeriSign, Inc. reported its financial results for the second quarter of 2025, revealing a revenue increase of 6% to $409.9 million compared to $387.1 million in the same period of 2024. For the first half of 2025, revenues reached $812.2 million, marking a 5% rise from $771.4 million year-over-year. The company's operating income also saw a 5% increase, totaling $280.7 million for the quarter and $551.9 million for the six months ended June 30, 2025. Net income for the second quarter was $207.4 million, up from $198.8 million in the prior year, resulting in diluted earnings per share of $2.21, compared to $2.01 in the same quarter of 2024.

In terms of operational metrics, VeriSign reported a slight decrease in its domain name base, with 170.5 million .com and .net registrations as of June 30, 2025, down 0.1% from the previous year. However, the company processed 10.4 million new registrations during the quarter, an increase from 9.2 million in the same period last year. The renewal rate for .com and .net domains improved to 75.5% for the first quarter of 2025, up from 74.1% in the first quarter of 2024. The company’s cash flows from operating activities increased to $493.8 million for the first half of 2025, compared to $417.7 million in the same period of 2024.

VeriSign's balance sheet showed total assets of $1.41 billion as of June 30, 2025, slightly up from $1.41 billion at the end of 2024. The company’s total liabilities increased to $3.40 billion, up from $3.36 billion at the end of the previous year, primarily due to an increase in long-term senior notes following the issuance of $500 million in senior unsecured notes in March 2025. The company utilized the proceeds from this issuance to repay its previous senior notes, thereby managing its debt obligations effectively.

Strategically, VeriSign has continued its share repurchase program, repurchasing 0.6 million shares for $162.6 million during the second quarter. As of June 30, 2025, the company had $630.1 million remaining under its repurchase authorization. Additionally, the Board of Directors declared a cash dividend of $0.77 per share, totaling $72.1 million, which was paid on May 28, 2025. The company plans to maintain its quarterly dividend payments, subject to market conditions.

Looking ahead, VeriSign remains focused on its core business of domain name registry services, with expectations of continued revenue growth driven by price increases and new registrations. However, the company acknowledges potential challenges from competitive pressures and changing internet user behaviors that could impact future demand for domain name registrations. The company’s management believes that its existing cash, cash equivalents, and marketable securities, along with operational cash flows, will be sufficient to meet its financial obligations and support its strategic initiatives in the coming year.