VeriSign, Inc. reported a revenue of $428.9 million for the first quarter of 2026, marking a 7% increase from $402.3 million in the same period of 2025. The company's operating income also rose to $293.6 million, an 8% increase compared to $271.2 million a year earlier. Net income for the quarter was $214.5 million, up from $199.3 million in the prior year, resulting in earnings per share of $2.34, compared to $2.11 for the same period in 2025. The increase in revenue was primarily driven by a growth in the domain name base, which reached 176.1 million registrations, a 3.7% increase from the previous year.
In terms of operational metrics, VeriSign processed 11.5 million new domain name registrations for .com and .net during the first quarter of 2026, up from 10.1 million in the same quarter of 2025. The renewal rate for .com and .net domains for the fourth quarter of 2025 was reported at 75.0%, an increase from 74.0% in the fourth quarter of 2024. The company’s cash flows from operating activities were $272.4 million, a decrease from $291.3 million in the prior year, attributed to increased cash payments to employees and vendors, as well as higher income tax payments.
VeriSign's balance sheet as of March 31, 2026, showed total assets of $1.297 billion, a slight decrease from $1.326 billion at the end of 2025. Current liabilities increased to $1.355 billion from $1.333 billion, driven by a rise in deferred revenues, which reached $1.071 billion, up from $1.035 billion. The company’s stockholders’ deficit widened to $2.213 billion from $2.154 billion, reflecting ongoing share repurchase activities and dividend payments. During the quarter, VeriSign repurchased 0.9 million shares for $214.4 million, with $862.8 million remaining under its share repurchase authorization.
Strategically, VeriSign announced an increase in the annual registry-level wholesale fee for .com domain name registrations from $10.26 to $10.97, effective November 1, 2026. The company also declared a cash dividend of $0.81 per share, totaling $74.2 million, which was paid on February 27, 2026. Looking ahead, VeriSign remains focused on maintaining its market position amid competitive pressures from other top-level domains and evolving internet practices. The company believes its existing cash, cash equivalents, and marketable securities, along with operational cash flows, will be sufficient to meet its financial obligations and support future growth initiatives.
About VERISIGN INC/CA
Verisign, Inc. is a leading provider of internet infrastructure and domain name registry services, managing key top-level domains like .com and .net. The company operates authoritative DNS servers, maintains root zone functions, and offers secure, reliable domain registration and resolution services globally. Its core value lies in ensuring the stability, security, and resiliency of the internet's core infrastructure for businesses and consumers worldwide.
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