Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $1,265 | $1,328 | $1,425 | $1,493 | $1,557 |
| Gross Profit | $1,085 | $1,136 | $1,224 | $1,296 | $1,366 |
| Operating Income | $824 | $867 | $943 | $1,001 | $1,058 |
| Net Income | $815 | $785 | $674 | $818 | $786 |
Over the past five years, VERISIGN has demonstrated steady revenue growth and strong operational performance. Revenue increased from $1,265.1 million in 2020 to $1,557.4 million in 2024, while gross profit rose from $1,084.9 million to $1,366 million over the same period. Operating income showed a consistent upward trend as well, growing from $824.2 million to $1,058.2 million. These steady increases suggest robust demand for the company’s domain name services and secure internet infrastructure, underscoring its effective cost management and operational efficiency in an industry that has become increasingly critical with the ongoing expansion of digital services. In contrast, net income experienced some volatility during these years. Starting at $814.9 million in 2020, net income dipped slightly to $784.8 million in 2021 and saw a more noticeable decline to $673.8 million in 2022, before rebounding to $817.6 million in 2023 and then settling at $785.7 million in 2024. Although the decline from 2021 to 2022 was about 14%, no year-over-year change exceeded the 20% threshold. This fluctuation may be attributable to variations in non-operational factors such as tax changes or extraordinary expenses. Overall, while net income margins showed some short-term challenges, the consistent upward trends in revenue, gross profit, and operating income reflect a sound financial foundation and suggest that VERISIGN maintains sustainable growth and resilience in a competitive, technology-focused market.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.