VeriSign Inc (VRSN)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,295,800	1,282,600	1,261,800	1,242,500	1,224,200	1,196,500	1,176,100	1,155,300	1,135,700	1,119,037	1,105,392	1,094,549	1,084,900	1,074,652	1,065,775	1,057,241	1,051,194	1,046,189	1,039,739	1,032,603
Revenue (ttm)	US$ in thousands	1,493,100	1,481,900	1,462,500	1,442,400	1,424,900	1,396,000	1,373,400	1,350,900	1,327,600	1,307,632	1,291,211	1,276,176	1,265,100	1,255,311	1,245,853	1,237,777	1,231,661	1,228,570	1,225,926	1,222,089
Gross profit margin		86.79%	86.55%	86.28%	86.14%	85.91%	85.71%	85.63%	85.52%	85.55%	85.58%	85.61%	85.77%	85.76%	85.61%	85.55%	85.41%	85.35%	85.16%	84.81%	84.49%

December 31, 2023 calculation

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

Verisign Inc.'s gross profit margin has shown a consistent upward trend over the past eight quarters, with the margin gradually increasing from 85.52% in Q1 2022 to 86.79% in Q4 2023. This indicates the company's ability to effectively manage its production costs and generate a higher percentage of revenue as gross profit. The steady improvement in gross profit margin reflects positively on Verisign's operational efficiency and pricing strategies. Overall, the increasing trend in gross profit margin suggests that the company is efficiently managing its cost of goods sold and maintaining healthy profit margins on its products or services.