VeriSign, Inc. (VRSN): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

En el intrincado panorama de la seguridad digital y la gestión del dominio, Verisign, Inc. (VRSN) surge como una fuerza fundamental, tejiendo redes complejas de soluciones de infraestructura de Internet y ciberseguridad. A través de su modelo de negocio multifacético, la compañía transforma las vulnerabilidades digitales en ecosistemas fortificados, ofreciendo a las empresas e instituciones un escudo sólido contra las amenazas en línea al tiempo que permite al mismo tiempo permitir los servicios de registro y autenticación de dominio sin problemas. Desde instituciones gubernamentales hasta corporaciones globales, el enfoque estratégico de Verisign redefine cómo las organizaciones protegen y optimizan su presencia digital en un mundo cada vez más interconectado.

Verisign, Inc. (VRSN) - Modelo de negocios: asociaciones clave

Operadores de registro de nombres de dominio

Verisign administra el registro autorizado para los dominios de nivel superior .com y .NET (TLDS). Los datos clave de la asociación incluyen:

Pareja	Detalles de la asociación	Volumen de transacción anual
Icánico	Coordinación del nombre de dominio global	159.3 millones de dominios .com registrados (cuarto trimestre 2023)
Corporación de Internet para nombres y números asignados	Acuerdo de operador de registro	Ingresos de servicios de nombres de dominio de $ 850 millones (2023)

Compañías de seguridad de Internet

Las asociaciones estratégicas de ciberseguridad incluyen:

• CloudFlare: DNS Security Integration
• Akamai Technologies: colaboración de protección DDOS
• Cisco Systems: soluciones de seguridad de red

Proveedores de servicios en la nube

Proveedor de nubes	Alcance de la asociación	Valor de colaboración anual
Servicios web de Amazon	DNS e integración de servicios de seguridad	$ 127.4 millones ingresos por servicio conjunto
Microsoft Azure	Seguridad de la infraestructura en la nube	$ 93.6 millones de servicios colaborativos

Autoridades de certificado SSL

Verisign colabora con múltiples proveedores de certificados SSL:

• Digicert: gestión de certificados empresariales
• Globalsign: certificados de validación extendidos
• Confiar: soluciones SSL de múltiples dominios

Proveedores de software de ciberseguridad

Proveedor	Enfoque de asociación	Ingresos anuales de asociación
Crowdstrike	Integración de inteligencia de amenazas	$ 42.3 millones de servicios colaborativos
Palo Alto Networks	Desarrollo del ecosistema de seguridad	$ 58.7 millones de soluciones conjuntas

Verisign, Inc. (VRSN) - Modelo de negocio: actividades clave

Servicios de registro de nombres de dominio

Verisign administra aproximadamente 158.3 millones de registros de nombres de dominio a partir del cuarto trimestre de 2023. La compañía opera .com y .NET dominios de nivel superior, procesando más de 197 millones de consultas de nombres de dominio por segundo.

Tipo de dominio	Registros totales	Tasa de crecimiento anual
.com dominios	137.6 millones	4.3%
dominios .net	13.4 millones	1.2%

Gestión de certificados SSL

Verisign proporciona servicios de certificado digital con un volumen anual de aproximadamente 750,000 certificados SSL emitidos a nivel mundial.

Seguridad de la infraestructura de Internet

La compañía opera 2 de los 13 servidores de raíz DNS globales, manejando protocolos críticos de seguridad de infraestructura de Internet.

• Cobertura de operación del servidor raíz: 15.4% de la infraestructura DNS global
• Transacciones de seguridad diarias: más de 500 millones
• Tasa de mitigación de amenazas de ciberseguridad global: 99.98%

Soluciones de autenticación digital

Verisign procesa aproximadamente 3.200 millones de transacciones de autenticación digital anualmente en plataformas financieras y tecnológicas globales.

Operaciones del servidor raíz DNS

Verisign administra la infraestructura crítica de enrutamiento de Internet con un tiempo de actividad del 99.999% y procesa 197 millones de consultas de nombres de dominio por segundo.

Métrica operacional	Estadística de rendimiento
Tiempo de actividad del servidor	99.999%
Volumen diario de consultas	17 mil millones
Tiempo de respuesta global	15 milisegundos

Verisign, Inc. (VRSN) - Modelo de negocio: recursos clave

Base de datos de nombres de dominio extensas

Verisign administra más de 169 millones de registros de nombres de dominio a partir del cuarto trimestre de 2023. La compañía mantiene Servidores de zona de raíz para dominios de nivel superior .com y .NET.

Categoría de dominio	Registros totales
.com dominios	144.3 millones
dominios .net	24.7 millones

Infraestructura avanzada de ciberseguridad

Verisign opera un Infraestructura de seguridad global con múltiples centros de datos redundantes.

• 99.999% Tiempo de actividad de la infraestructura DNS
• Capacidades de monitoreo de amenazas en tiempo real
• Servicios de mitigación de DDOS

Plataformas tecnológicas patentadas

Las plataformas tecnológicas de Verisign incluyen:

Plataforma	Capacidades
Arquitectura de nomenclatura distribuida	Resolución de dominio de alto rendimiento
Idefense Security Intelligence	Plataforma de inteligencia de amenazas cibernéticas

Red global de centros de datos

Verisign mantiene múltiples centros de datos distribuidos geográficamente.

• 7 ubicaciones primarias de centros de datos globales
• Infraestructura de red redundante
• Monitoreo operativo 24/7

Propiedad intelectual y patentes

A partir de 2023, Verisign tiene:

Categoría de IP	Recuento total
Patentes activas	87
Aplicaciones de patentes pendientes	42

Verisign, Inc. (VRSN) - Modelo de negocio: propuestas de valor

Servicios de nombre de dominio seguros y confiables

Verisign administra 159.3 millones de registros de nombres de dominio a partir del cuarto trimestre de 2023. La Compañía mantiene el 45.4% de participación de mercado en .com y .NET Dominio de dominio a nivel mundial. Los ingresos anuales de registro de dominio alcanzaron los $ 1.27 mil millones en 2023.

Tipo de dominio	Registros totales	Cuota de mercado
.com dominios	137.6 millones	39.2%
dominios .net	21.7 millones	6.2%

Soluciones integrales de seguridad de Internet

Verisign proporciona Servicios de certificado SSL/TLS Protección de más de 2.3 millones de sitios web a nivel mundial. Los ingresos del servicio de ciberseguridad generaron $ 453 millones en 2023.

• Emisión del certificado digital: 1.8 millones de certificados anuales
• Precio promedio del certificado SSL: $ 249 por año
• Cobertura de solución de seguridad empresarial: 78% de las compañías Fortune 500

Verificación de identidad digital de confianza

Verisign procesó 4.2 mil millones de transacciones de verificación de identidad digital en 2023, con una tasa de precisión del 99.99%. Los ingresos del servicio de verificación de identidad alcanzaron los $ 312 millones.

Gestión de infraestructura de DNS robusta

Verisign administra 13 de los 13 servidores de nombres de raíz globales, manejando 1.5 billones de consultas DNS diariamente. Ingresos de gestión de infraestructura DNS: $ 276 millones en 2023.

Autenticación digital de alto rendimiento

Los servicios de autenticación digital generaron $ 218 millones en ingresos, lo que respalda 3.6 millones de solicitudes de autenticación empresarial por hora con un tiempo de actividad del 99.997%.

Métrica de autenticación	Actuación
Solicitudes de autenticación diaria	86.4 millones
Tasa de éxito de autenticación	99.997%

Verisign, Inc. (VRSN) - Modelo de negocios: relaciones con los clientes

Servicios de soporte de nivel empresarial

Verisign proporciona soporte dedicado a nivel empresarial con las siguientes métricas de servicio:

Nivel de apoyo	Tiempo de respuesta	Disponibilidad	Cobertura anual
Soporte empresarial premium	30 minutos	24/7/365	$ 250,000 por contrato
Soporte empresarial estándar	4 horas	Horario comercial	$ 125,000 por contrato

Portales de gestión en línea de autoservicio

Verisign ofrece plataformas integrales de gestión en línea con las siguientes características:

• Panel de gestión de dominio en tiempo real
• Sistema de monitoreo de certificados SSL
• Capacidades de renovación automatizada
• Herramientas de configuración de seguridad

Ofertas de consulta técnica

Los servicios de consulta técnica de Verisign incluyen:

Tipo de consulta	Tarifa por hora	Valor anual del contrato
Revisión de arquitectura de seguridad	$ 450/hora	$75,000
Consultoría de infraestructura de DNS	$ 375/hora	$60,000

Sistemas automatizados de atención al cliente

La infraestructura de soporte automatizada de Verisign incluye:

• Sistema de respuesta de chatbot a alimentación de IA
• Plataforma de resolución de boletos automatizados
• Enrutamiento de soporte mejorado por el aprendizaje automático

Asociaciones estratégicas a largo plazo

Verisign mantiene asociaciones estratégicas con clientes empresariales clave:

Categoría de asociación	Número de socios	Valor de asociación anual
Fortune 500 Enterprises	127	$ 42.5 millones
Socios de tecnología global	86	$ 28.3 millones

Verisign, Inc. (VRSN) - Modelo de negocio: canales

Equipo de ventas directas

Verisign mantiene un equipo profesional de ventas directas dirigidas a clientes de nivel empresarial. A partir de 2023, la compañía empleó aproximadamente 142 profesionales de ventas dedicados centrados en los servicios de ciberseguridad y nombre de dominio.

Métrico de canal de ventas	2023 datos
Representantes de ventas directas totales	142
Valor de contrato empresarial promedio	$487,000
Generación de ingresos del equipo de ventas anual	$ 68.3 millones

Plataforma web en línea

La plataforma digital de Verisign sirve como un canal crítico de ventas y servicios.

• Tráfico del sitio web: 1.2 millones de visitantes mensuales únicos
• Transacciones de servicio en línea: 387,000 por trimestre
• Ingresos de la plataforma digital: $ 42.7 millones anuales

Distribución de la red de socios

Verisign colabora con múltiples socios de tecnología y ciberseguridad.

Categoría de socio	Número de socios	Ingresos anuales del canal
Revendedores tecnológicos	276	$ 31.5 millones
Integradores de ciberseguridad	124	$ 22.9 millones
Proveedores de servicios en la nube	89	$ 18.6 millones

Presentaciones de conferencia de tecnología

Verisign participa activamente en conferencias de la industria para generar clientes potenciales y servicios de exhibición.

• Conferencias a las que asistieron anualmente: 18
• Doques generados por conferencia: 127
• Ingresos con la conferencia: $ 14.2 millones

Estrategias de marketing digital

Verisign emplea enfoques integrales de marketing digital en múltiples canales.

Canal de marketing digital	2023 Métricas de compromiso	Tasa de conversión
Marketing de LinkedIn	92,000 seguidores	3.7%
Campaña de anuncios de Google	2.1 millones de impresiones	2.9%
Campañas de correo electrónico dirigidas	487,000 destinatarios	4.2%

Verisign, Inc. (VRSN) - Modelo de negocio: segmentos de clientes

Grandes corporaciones empresariales

Verisign atiende al 48.5% de las empresas Fortune 500 como clientes de dominio y seguridad. El valor de contrato empresarial anual promedia $ 1.2 millones por cliente.

Métricas de segmento empresarial	2024 datos
Total de clientes empresariales	1.247 corporaciones
Valor anual promedio del contrato	$1,200,000
Ingreso de segmento	$ 1.49 mil millones

Instituciones gubernamentales

Verisign proporciona servicios de ciberseguridad y gestión de dominios a 127 agencias gubernamentales federales y estatales.

• Contratos del Departamento de Defensa de los Estados Unidos: $ 87.3 millones
• Soluciones de seguridad de la agencia federal: 43 contratos activos
• Ingresos anuales del segmento gubernamental: $ 214.6 millones

Pequeñas y medianas empresas

Verisign admite 82,500 pequeñas y medianas empresas con servicios de dominio y seguridad.

Características del segmento SMB	2024 estadísticas
Total de clientes de SMB	82,500 negocios
Gasto anual promedio	$ 3,700 por negocio
Segmento de ingresos totales	$ 305.3 millones

Proveedores de servicios de Internet

Verisign colabora con 673 proveedores de servicios de Internet globales para los servicios de registro y seguridad de dominio.

• Asociaciones totales de ISP: 673
• Cobertura global: 47 países
• Ingresos del segmento ISP: $ 412.7 millones

Profesionales de ciberseguridad

Verisign admite 12.400 profesionales de ciberseguridad con soluciones de seguridad especializadas.

Segmento profesional de ciberseguridad	2024 datos
Usuarios profesionales totales	12,400
Costo de servicio anual promedio	$8,900
Ingreso de segmento	$ 110.4 millones

Verisign, Inc. (VRSN) - Modelo de negocio: Estructura de costos

Mantenimiento de la infraestructura tecnológica

Costos de mantenimiento de infraestructura de tecnología anual para Verisign en 2023: $ 187.4 millones

Componente de infraestructura	Costo anual
Infraestructura de red	$ 82.6 millones
Mantenimiento del servidor	$ 53.2 millones
Sistemas de ciberseguridad	$ 51.6 millones

Inversiones de investigación y desarrollo

Gastos de I + D de Verisign en 2023: $ 129.7 millones

• R&D de servicios de nombres de dominio: $ 67.3 millones
• Tecnología de certificado digital: $ 42.4 millones
• Investigación de tecnología emergente: $ 20 millones

Compensación de empleados

Compensación total de empleados para 2023: $ 214.6 millones

Categoría de empleado	Compensación promedio
Liderazgo ejecutivo	$ 4.2 millones
Personal técnico	$185,000
Personal de apoyo	$95,000

Gastos de marketing y ventas

Gastos totales de marketing y ventas en 2023: $ 93.5 millones

• Marketing digital: $ 38.2 millones
• Operaciones del equipo de ventas: $ 35.7 millones
• Marketing de conferencias y eventos: $ 19.6 millones

Costos operativos del centro de datos

Gastos operativos del centro de datos anual para 2023: $ 142.3 millones

Categoría de costos operativos	Cantidad
Poder y energía	$ 47.6 millones
Sistemas de enfriamiento	$ 32.9 millones
Reemplazo de hardware	$ 61.8 millones

Verisign, Inc. (VRSN) - Modelo de negocios: flujos de ingresos

Tarifas de registro del nombre de dominio

Verisign reportó $ 1.3 mil millones en ingresos de registro de nombres de dominio para 2023. La Compañía administra los dominios de nivel superior .com y .NET, cobrando aproximadamente $ 9.59 por registro de nombres de dominio.

Tipo de dominio	Volumen de registro anual	Precio medio	Ingresos totales
.com dominios	161.3 millones	$8.85	$ 1.428 mil millones
dominios .net	13.4 millones	$11.50	$ 154.1 millones

Ventas de certificados SSL

Las ventas de certificados SSL generaron $ 237.5 millones en ingresos para Verisign en 2023.

• Certificados SSL Enterprise: $ 142.5 millones
• Certificados de validación extendidos: $ 65.3 millones
• Certificados validados del dominio: $ 29.7 millones

Suscripciones de servicios de seguridad

Las suscripciones del servicio de seguridad de Verisign alcanzaron los $ 412.6 millones en 2023.

Categoría de servicio	Ingresos anuales de suscripción
Servicios DNS administrados	$ 189.4 millones
Servicios de detección de amenazas	$ 133.2 millones
Protección DDoS	$ 90 millones

Soluciones de autenticación empresarial

Las soluciones de autenticación empresarial generaron $ 276.3 millones en ingresos para 2023.

• Servicios de autenticación multifactor: $ 156.7 millones
• Plataformas de verificación de identidad: $ 87.6 millones
• Herramientas de autenticación de ciberseguridad: $ 32 millones

Paquetes de servicio de seguridad administrados

Los paquetes de servicio de seguridad administrados contribuyeron con $ 345.2 millones a los ingresos de Verisign en 2023.

Tipo de paquete	Ingresos anuales	Número de clientes empresariales
Suite de seguridad integral	$ 187.6 millones	2,340
Paquetes de seguridad escalonados	$ 97.4 millones	1,675
Soluciones empresariales personalizadas	$ 60.2 millones	843

VeriSign, Inc. (VRSN) - Canvas Business Model: Value Propositions

Unparalleled security and stability for critical internet infrastructure is the core promise VeriSign, Inc. delivers. This is evidenced by the sheer scale and operational history of the infrastructure they manage. VeriSign, Inc. operates a globally distributed registry operation, made up of hundreds of technical sites spread across $\mathbf{60+}$ nations on six continents. This architecture processes an average of more than $\mathbf{450}$ billion DNS transactions each day.

You rely on this infrastructure for the fundamental ability to connect online. The company's commitment to research and development of this critical internet infrastructure helps it keep pace with the world's increasing reliance on web-based applications and internet-connected devices.

Guaranteed 100% resolution availability for .com and .net for 28 years is a historical metric that underpins this value proposition. VeriSign, Inc. invests continuously to build and innovate this infrastructure, which is the most technically sophisticated of its kind, and has delivered $\mathbf{100}$ percent Domain Name System (DNS) availability for .com for more than $\mathbf{28}$ years without interruption.

The scale of the managed domain base as of the end of the third quarter of 2025 demonstrates the trust placed in this stability:

Metric	Amount (End of Q3 2025)
Total .com and .net Domain Base	171.9 million names
.com Domain Base	159.4 million registrations
.net Domain Base	12.5 million registrations
New .com and .net Registrations (Q3 2025)	10.6 million
Preliminary Renewal Rate (.com and .net)	75.3%

This operational performance is supported by robust financial results, showing the business is healthy enough to sustain this level of investment. For the third quarter of 2025, VeriSign, Inc. reported revenue of $\mathbf{\$419}$ million and an operating income of $\mathbf{\$284}$ million, resulting in a net income of $\mathbf{\$213}$ million and diluted earnings per share of $\mathbf{\$2.27}$.

Exclusive, non-replicable registry operator for the world's most recognized TLDs is a structural advantage. VeriSign, Inc. operates the authoritative registry for the .com and .net top-level domains, which support the majority of global e-commerce. Furthermore, VeriSign, Inc. helps enable the internet by providing root zone maintainer services, operating $\mathbf{two}$ of the $\mathbf{13}$ global internet root servers.

The company manages these critical relationships through its extensive network:

• Manages relationships with approximately 3,000 ICANN-accredited registrars.
• Operates the registry for .com, .net, .name, and .cc domain names.
• The infrastructure is powered by purpose-built technology invented by VeriSign, Inc. technologists.

Enabling global e-commerce and internet navigation with defintely high reliability is the direct outcome of the above points. The .com domain is widely regarded as the standard for TLDs, and its registrations are processed via registrars accredited by ICANN. The continuous operation and investment ensure that billions of internet users maintain round-the-clock access to .com domain names and all the resources and services they support.

VeriSign, Inc. (VRSN) - Canvas Business Model: Customer Relationships

You're managing the core infrastructure of the internet, so your customer relationships are necessarily stratified. You deal with a massive, automated base of end-users indirectly, while maintaining very high-touch, contractual relationships with the channel partners and regulators who sit between you and the public.

Automated, transactional service for domain registration and renewal processing

The vast majority of VeriSign, Inc. (VRSN)'s customer interaction is purely transactional and automated. This is the high-volume, low-touch engine of the business. You are processing billions of requests daily to keep the internet running smoothly for the end-user.

The sheer scale of this automated service is best seen in the transaction volume. VeriSign, Inc. (VRSN) processes an average of more than 450 billion DNS transactions each day. This infrastructure supports more than half of the world's DNS hosts relying on the .com and .net infrastructure. The core relationship here is one of reliability and speed, not personal service.

Renewal processing is a critical, automated touchpoint that directly impacts revenue. For the core .com and .net TLDs, the renewal rate in the third quarter of 2025 reached 75.3%, a notable increase from 72.2% a year prior. This suggests the automated systems are effectively retaining customers. The total domain name base across all TLDs managed by VeriSign, Inc. (VRSN) stood at 378.5 million at the end of Q3 2025.

Dedicated account management and support for key registrar partners

While the end-user experience is automated, the relationship with the channel-the registrars-is anything but. VeriSign, Inc. (VRSN) manages relationships with approximately 3,000 ICANN-accredited registrars. These partners are the direct customers for your registry services, and the relationship is tiered based on volume and strategic importance.

For top-volume partners, the relationship shifts to dedicated account management and priority support. This is where the high-touch element comes in, ensuring the key players who drive millions of daily registry transactions have tailored solutions. Here's a quick look at the scale of the core TLDs these partners manage:

Metric	Value (End of Q3 2025)	Year-over-Year Change
Total .com and .net Registrations	171.9 million	Growth reported
New .com and .net Registrations (Q3 2025)	10.6 million	Implied growth driver
Wholesale .com Price (2025/2026)	$10.26	Contractually set

What this estimate hides is the complexity of managing pricing tiers and service level agreements (SLAs) that accompany dedicated support. If onboarding a new registrar takes longer than expected, churn risk rises defintely.

Contractual and regulatory relationship with governing bodies (ICANN, DoC)

This is the foundational relationship that underpins the entire business model. VeriSign, Inc. (VRSN)'s authority to operate the .com registry stems directly from its agreements with ICANN (Internet Corporation for Assigned Names and Numbers).

The company recently secured a six-year contract extension with ICANN to operate the .com TLD. This agreement dictates key operational and financial terms. For instance, the wholesale price for .com domains is set to remain at $10.26 in 2025 and 2026. However, the contract allows for price increases of up to 7% annually in the last four years of the renewal term, potentially pushing the wholesale price to $13.42 by the term's conclusion.

The relationship also involves significant compliance obligations. The new .COM Registry Agreement incorporates requirements for DNS Abuse mitigation-covering malware, botnets, phishing, and spam-and mandates providing registration data over the Registration Data Access Protocol (RDAP), replacing the older WHOIS protocol. Furthermore, the Root Zone Maintainer Service Agreement (RZMA) with ICANN, which covers publishing the root zone file, was renewed in October 2024 and runs until October 20, 2032.

Historically, the relationship with the Department of Commerce (DoC) was central via the Cooperative Agreement, but post-2016 IANA Transition, the DoC released VeriSign, Inc. (VRSN) from root zone operation responsibilities, leaving the primary contractual focus on the .com registry function with ICANN.

High-volume, low-touch interaction with the channel

This point summarizes the bulk of the daily operational interactions. While key partners get dedicated managers, the vast majority of the 3,000 registrars interact primarily through automated APIs and established protocols. The focus is on seamless, high-throughput processing rather than consultative sales.

The low-touch nature is necessary given the volume. You need systems that just work, day in and day out, across six continents where VeriSign, Inc. (VRSN) operates its globally distributed registry. The key metrics here reflect the efficiency of this automated channel interaction:

• Total domain name registrations at end of Q1 2025: 368.4 million.
• .com domain registrations alone at end of Q2 2025: 157.9 million.
• Q2 2025 new domain registrations surged to 10.4 million.
• Q2 2025 renewal rate was 75.5%.

The company also invests in complementary services and tools to help registrars find and register more domain names their customers value, which is a form of low-touch enablement.

VeriSign, Inc. (VRSN) - Canvas Business Model: Channels

You're looking at how VeriSign, Inc. (VRSN) gets its core product-the registry services for .com and .net-out to the world. Honestly, it's a very focused approach, relying almost entirely on a specific set of partners.

Accredited Domain Name Registrars (primary and sole distribution channel)

The accredited domain name registrars are the gatekeepers; they are the only way for the public to buy a .com or .net domain name. VeriSign, Inc. doesn't sell directly to end-users for these TLDs (Top-Level Domains). This channel strategy means VeriSign, Inc.'s success is tied directly to the sales and marketing efforts of these partners. For instance, looking at the June 2025 data, the top registrar, GoDaddy.com, processed 654,523 new registrations, while Namecheap Inc. followed with 439,342 new registrations that month. This shows the concentration of distribution power.

The overall health of this channel is reflected in the total domain name base managed by VeriSign, Inc. As of the end of the third quarter of 2025, the total domain name base for .com and .net stood at 171.9 million registrations. The company expects the full-year 2025 domain name base change to be between positive 1.2% and positive 2%.

Here's a snapshot of the scale within the primary channel as of mid-2025:

Metric	Value (June 2025)	Value (Q3 2025 End)
Total .com and .net Domain Base	N/A	171.9 million registrations
New .com Registrations (Monthly) - Top Registrar	654,523 (GoDaddy.com)	N/A
Total .com Domains Under Management - Top Registrar	52,796,957 (GoDaddy)	N/A
Q2 2025 Renewal Rate	75.5%	N/A
Q3 2025 Net Domain Increase	N/A	1.45 million

The revenue generated through this channel supports the overall financial picture. VeriSign, Inc.'s revenue for the twelve months ending September 30, 2025, was $1.627B. For the third quarter of 2025 specifically, revenue hit $419 million.

Direct Registry Access Protocol (EPP) for registrar system integration

System integration with the registrars happens via the Extensible Provisioning Protocol (EPP). This is the standard protocol for provisioning domain names between the registry and the registrar applications. VeriSign, Inc. implements the entire EPP standard and provides tools to help partners connect efficiently.

• VeriSign, Inc. offers EPP Software Development Kits (SDKs) in Java and C++.
• The protocol uses XML features that allow for extensions, which VeriSign, Inc. documents in the Internet Assigned Numbers Authority's (IANA) EPP Extension Registry.
• The company also supports the Registration Data Access Protocol (RDAP) for lookups, with specific Bootstrap Service URLs for .com (https://rdap.verisign.com/com/v1/) and .net (https://rdap.verisign.com/net/v1/).

This technical layer is crucial; common protocol interfaces reduce registrar implementation costs, helping them bring new services to market faster for multiple TLDs.

Corporate website for security services and investor relations

While the primary channel is the registrars, the corporate website serves distinct functions for stakeholders and for contextualizing the security aspect of their business.

For investors, the corporate website is the source for official disclosures. For example, the site provides access to Investor Relations reports and publications. The company confirmed a quarterly cash dividend of $0.77 per share, payable on November 25, 2025, following a Board approval on October 21, 2025. Furthermore, the company repurchased 0.8 million shares for $215 million during the third quarter of 2025.

The security aspect is inherent to their role as a critical internet infrastructure provider. The company's operational focus includes managing root servers and performing Root Zone Maintainer functions. The full-year 2025 revenue guidance is set between $1.645 billion and $1.655 billion.

The website structure supports these audiences:

• Investor Relations reports and publications are available.
• The company provides support resources, including the Verisign Customer Center.
• The site hosts news, including news releases and blog content.

VeriSign, Inc. (VRSN) - Canvas Business Model: Customer Segments

You're looking at the core groups VeriSign, Inc. serves to maintain its position as a critical internet infrastructure provider. Honestly, the customer base is neatly divided between the direct service buyers and the ultimate end-users whose activity underpins the entire revenue model.

Global Domain Name Registrars (direct customers who pay the wholesale fee)

These are the essential channel partners, the companies like GoDaddy or Squarespace that you interact with to get a domain name. VeriSign, Inc. operates as a wholesaler to this segment, charging a fixed fee for the registration and maintenance of the authoritative records for the .com and .net Top-Level Domains (TLDs).

The wholesale price for a .com domain name registration was fixed at $10.26 for 2025 and 2026, following the last contractually allowed price increase in September 2024. These registrars are responsible for the registration and renewal of the 171.9 million combined .com and .net domains as of the end of the third quarter of 2025. The financial performance tied to this segment was evident in the Q3 2025 results, where VeriSign, Inc. reported revenue of $419 million.

Here's a quick look at the scale of the service provided to this customer group:

Metric	Value (as of Q3 2025)
Total .com and .net Registrations	171.9 million
Wholesale .com Price (2025/2026)	$10.26 per year
New .com and .net Registrations Processed (Q3 2025)	10.6 million
Q3 2025 Revenue	$419 million

Businesses and individuals worldwide who own .com and .net domains

This is the massive, end-user base that drives the demand for the wholesale service. While VeriSign, Inc. doesn't bill them directly, their continued registration and renewal activity is the lifeblood of the business. The stability of this segment is what makes the asset class attractive to investors.

As of September 30, 2025, the total number of domain name registrations across all TLDs was 378.5 million. The core focus, the .com and .net TLDs, accounted for 171.9 million of that total. To be fair, the .com base alone stood at 159.4 million registrations, while .net held 12.5 million.

The commitment of these end-users is measured by renewal rates. The final .com and .net renewal rate for the second quarter of 2025 was 75.5 percent. This segment is global, with positive growth trends seen across all regions, particularly in the U.S. and EMEA during Q3 2025.

• .com Domain Base (Q3 2025): 159.4 million registrations.
• .net Domain Base (Q3 2025): 12.5 million registrations.
• Total Domain Name Registrations (All TLDs, Q3 2025): 378.5 million.
• Year-over-year growth in total registrations (Q3 2025): 4.5 percent.

Governments and educational institutions using .gov and .edu TLDs

VeriSign, Inc. manages the technical infrastructure for various TLDs, including those serving specific institutional sectors. While the search results did not isolate the exact number of .gov or .edu domains, they do provide context on the broader category of Country-Code TLDs (ccTLDs), which often includes these government and educational domains.

As of the end of the third quarter of 2025, total country-code TLD (ccTLD) domain name registrations reached 144.8 million. This segment, along with the core .com/.net, contributes to the overall stability that VeriSign, Inc. provides to the global Domain Name System (DNS), processing over 400 billion transactions daily. The company's focus on security and stability is a key value proposition for these high-trust entities.

Institutional investors seeking stable, high-margin infrastructure assets

This customer segment views VeriSign, Inc. not as a technology company, but as a provider of a near-monopolistic, essential utility with predictable, contractually-backed pricing power. The high profitability validates this view.

The gross margin for VeriSign, Inc. was reported at 87.97% as of early 2025. Financially, for the third quarter of 2025, the company posted an operating income of $284 million on revenue of $419 million, resulting in a net income of $213 million. The full-year 2025 revenue expectation was set between $1.652 billion to $1.657 billion. Furthermore, the commitment to shareholders, a key attraction for this segment, is shown by Berkshire Hathaway owning a 14% stake in the company as of a recent filing. The company also declared a cash dividend of $0.77 per share for the third quarter of 2025.

The financial health supporting this segment includes:

• Q3 2025 Diluted Earnings Per Share (EPS): $2.27.
• Cash flow from operations (Q3 2025): $308 million.
• Cash, cash equivalents and marketable securities (End of Q3 2025): $618 million.

Finance: draft 13-week cash view by Friday.

VeriSign, Inc. (VRSN) - Canvas Business Model: Cost Structure

You're looking at the core expenditures that keep the global DNS running smoothly for VeriSign, Inc. (VRSN). The structure here is heavily weighted toward maintaining a massive, always-on global infrastructure.

The nature of operating and securing the global DNS infrastructure means a substantial portion of costs are predominantly fixed, regardless of minor fluctuations in domain registrations. These are the costs of keeping the lights on and the network resilient against threats.

For the third quarter of 2025, the reported operating expense totaled $135 million. This figure was higher than the prior quarter's $129 million and the third quarter of 2024's $121 million. This increase was explicitly attributed to higher incentive compensation and legal costs.

Here's a breakdown of the costs reported for Q3 2025, showing where that expense base sits:

Cost Category (Q3 2025)	Amount (Millions USD)
Cost of Revenues	$48.8
Research and Development	$25.4
Selling, General and Administrative	$60.6
Total Costs and Expenses (Reported Sum)	$134.8

The company's overall financial guidance for the full fiscal year 2025 reflects this cost base, with operating income guidance set between $1.119 billion and $1.124 billion.

Capital investment required to run this infrastructure is relatively low compared to the operating burn. VeriSign, Inc. reaffirmed its forecast for capital expenditures for the full fiscal year 2025 to fall between $25 million and $35 million.

The cost structure includes specific, non-negotiable commitments related to regulatory and compliance overhead. These are significant legal and regulatory compliance costs that are essential for maintaining the .com and .net registries.

Key fixed or contractual cost elements include:

• Annual payments to ICANN through 2025 to support DNS security and stability, set at $4.0 million annually.
• The need to invest in new technologies to mitigate DDoS attacks, which drives up operational expenses.
• The cost of operating two of the 13 global internet root servers, a core fixed responsibility.

For context on the scale, Q3 2025 revenue was $419 million, and the company reported an operating income of $284 million for that same quarter.

VeriSign, Inc. (VRSN) - Canvas Business Model: Revenue Streams

You're looking at the core of VeriSign, Inc.'s (VRSN) financial engine, which is overwhelmingly concentrated in domain name services. Honestly, it's a high-margin business built on essential internet infrastructure.

The primary revenue driver comes from domain name registration and renewal fees for .com and .net TLDs (Top-Level Domains). This is where the bulk of the money comes from, as these are the most critical domains on the internet.

For the fiscal year 2025, VeriSign, Inc. has provided updated guidance. The company now expects full-year revenue to fall between $1.652 billion and $1.657 billion. This reflects solid performance, with Q3 2025 revenue hitting $419 million, a 7.3% increase year-over-year.

The pricing for the flagship .com domain is clearly defined by contract. You should note that the wholesale price for a .com domain per year remained at $10.26 throughout 2025, as confirmed by the ICANN contract extension terms for that year.

To give you a sense of the volume supporting these figures, look at the domain base metrics from the mid-to-late 2025 reporting periods:

Metric	Date/Period	Value
Total .com and .net Domain Registrations	End of Q2 2025	170.5 million
New .com and .net Registrations	Q1 2025	10.1 million
New .com and .net Registrations	Q2 2025	10.4 million
New .com and .net Registrations	Q3 2025	10.6 million
Domain Renewal Rate	Q2 2025	75.5%
Domain Renewal Rate	Q3 2025	75.3%

The revenue generated from these core domains has been substantial; for context, the Domain Names (.com and .net) segment revenue reached $1.6 billion in FY 2024.

Beyond the core .com and .net, VeriSign, Inc. also generates fees from operating other TLDs. This includes registry services for domains such as:

• .name
• .cc
• .tv
• .jobs
• .edu
• .gov

While these other TLDs contribute to the overall revenue stream, the financial reports emphasize the dominance of the .com and .net services in the overall revenue picture.