What dividend did Verisign announce and when is it paid?

The Board of Directors declared a cash dividend of $0.77 per share of common stock, with a record date of May 19, 2025 and a payment date of May 28, 2025. The company intends to pay dividends quarterly, subject to market conditions and Board approval.

How did Verisign perform financially in the first quarter of 2025?

Revenue was $402 million, up 4.7 percent from the first quarter of 2024. Operating income was $271 million, net income was $199 million, and diluted EPS was $2.10, compared with $259 million, $194 million and $1.92, respectively, a year earlier.

How much capital did Verisign return to shareholders and how much buyback capacity remains?

During the first quarter, Verisign repurchased 1.0 million shares of common stock for an aggregate cost of $230 million. As of March 31, 2025, $793 million remained for future repurchases under the share repurchase program, which has no expiration date.

What changes occurred in the company's debt during the quarter?

On March 11, 2025, Verisign issued $500 million aggregate principal amount of 5.25% Senior Notes due 2032. On March 31, 2025, the net proceeds, together with cash on hand, were used to repay the $500 million 5.25% Senior Notes due 2025 at maturity. Long-term senior notes were $1,786.3 million at March 31, 2025, compared with $1,492.5 million at December 31, 2024.

What trends are visible in the domain name business?

The .com and .net domain base ended the quarter at 169.8 million registrations, a 1.5 percent decrease from the end of the first quarter of 2024, though it grew by a net 0.78 million during the quarter. New registrations processed were 10.1 million, compared with 9.5 million in the first quarter of 2024. The final renewal rate for the fourth quarter of 2024 was 74.0 percent, compared with 73.2 percent for the same quarter of 2023.

VRSN 8-K: Earnings & Results

01—Abstract

Summary

Summary of the 8-K filed April 24, 2025. Cited figures are marked; the original filing is the authoritative source.

VeriSign, Inc. (NASDAQ: VRSN) furnished its first quarter 2025 earnings release under Item 2.02 of this Form 8-K, dated April 24, 2025.

The company reported revenue of $402 million^a, up 4.7 percent from the first quarter of 2024. Operating income rose to $271 million from $259 million, and net income increased to $199 million from $194 million. Diluted EPS was $2.10, compared with $1.92 a year earlier.

Cash flow from operations was $291 million^b, compared with $257 million. The most notable announcement is the initiation of a quarterly cash dividend. The Board declared a dividend of $0.77 per share, payable May 28, 2025 to stockholders of record as of May 19, 2025.

The company intends to continue paying quarterly dividends, subject to market conditions and Board approval. During the quarter, Verisign repurchased 1.0 million shares for $230 million^c, leaving $793 million available under its repurchase program, which has no expiration date. On the balance sheet, the company issued $500 million of 5.25% Senior Notes due 2032 and used the proceeds, together with cash on hand, to repay $500 million of 5.25% Senior Notes at maturity.

Cash, cash equivalents and marketable securities totaled $649 million^d, up $49 million from year-end 2024. Deferred revenues reached $1.36 billion. The domain name base stood at 169.8 million .com and .net registrations, a 1.5 percent decrease from a year earlier, with a net increase of 0.78 million during the quarter.

02—Key points

Key Highlights

Revenue of $402 million, up 4.7 percent year over year; operating income of $271 million versus $259 million.
Diluted EPS of $2.10, compared with $1.92 in the first quarter of 2024; net income of $199 million versus $194 million.
Board declared the company's first quarterly cash dividend of $0.77 per share, payable May 28, 2025 to holders of record on May 19, 2025.
Repurchased 1.0 million shares for $230 million in the quarter; $793 million remained under the repurchase program as of March 31, 2025.
Refinanced $500 million of 5.25% Senior Notes due 2025 with new $500 million 5.25% Senior Notes due 2032 issued March 11, 2025.
Cash, cash equivalents and marketable securities of $649 million, up $49 million from year-end 2024; operating cash flow of $291 million versus $257 million.
Domain base of 169.8 million .com and .net registrations, a 1.5 percent decrease year over year; the final Q4 2024 renewal rate was 74.0 percent versus 73.2 percent a year earlier.

03—Questions

Frequently Asked Questions

What dividend did Verisign announce and when is it paid?
The Board of Directors declared a cash dividend of $0.77 per share of common stock, with a record date of May 19, 2025 and a payment date of May 28, 2025. The company intends to pay dividends quarterly, subject to market conditions and Board approval.
How did Verisign perform financially in the first quarter of 2025?
Revenue was $402 million, up 4.7 percent from the first quarter of 2024. Operating income was $271 million, net income was $199 million, and diluted EPS was $2.10, compared with $259 million, $194 million and $1.92, respectively, a year earlier.
How much capital did Verisign return to shareholders and how much buyback capacity remains?
During the first quarter, Verisign repurchased 1.0 million shares of common stock for an aggregate cost of $230 million. As of March 31, 2025, $793 million remained for future repurchases under the share repurchase program, which has no expiration date.
What changes occurred in the company's debt during the quarter?
On March 11, 2025, Verisign issued $500 million aggregate principal amount of 5.25% Senior Notes due 2032. On March 31, 2025, the net proceeds, together with cash on hand, were used to repay the $500 million 5.25% Senior Notes due 2025 at maturity. Long-term senior notes were $1,786.3 million at March 31, 2025, compared with $1,492.5 million at December 31, 2024.
What trends are visible in the domain name business?
The .com and .net domain base ended the quarter at 169.8 million registrations, a 1.5 percent decrease from the end of the first quarter of 2024, though it grew by a net 0.78 million during the quarter. New registrations processed were 10.1 million, compared with 9.5 million in the first quarter of 2024. The final renewal rate for the fourth quarter of 2024 was 74.0 percent, compared with 73.2 percent for the same quarter of 2023.

04—Continue

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