VeriSign Inc (VRSN)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,295,800	1,224,200	1,135,700	1,084,900	1,051,190
Revenue	US$ in thousands	1,493,100	1,424,900	1,327,600	1,265,100	1,231,660
Gross profit margin		86.79%	85.91%	85.55%	85.76%	85.35%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,295,800K ÷ $1,493,100K
= 86.79%

Verisign Inc.'s gross profit margin has been relatively stable over the past five years, ranging from 85.35% in 2019 to 86.79% in 2023. This indicates the company's ability to efficiently control the cost of goods sold and generate profits from its revenue. The consistently high gross profit margin suggests that Verisign has a strong pricing strategy, effective cost management, or a competitive advantage in its industry. Overall, the trend in Verisign's gross profit margin demonstrates consistent profitability and operational efficiency in converting revenue into gross profit.