VeriSign Inc (VRSN)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	817,600	673,800	784,830	814,888	612,299
Revenue	US$ in thousands	1,493,100	1,424,900	1,327,600	1,265,100	1,231,660
Net profit margin		54.76%	47.29%	59.12%	64.41%	49.71%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $817,600K ÷ $1,493,100K
= 54.76%

Verisign Inc.'s net profit margin has displayed fluctuating trends over the past five years. The margin decreased to 47.29% in 2022 from 64.42% in 2020 but rebounded significantly to 59.12% in 2021. However, in 2023, the net profit margin reached its highest level at 54.76%. This indicates that the company has been able to effectively control costs and generate profitability in recent years, albeit with some variability. Further analysis is recommended to understand the factors driving these fluctuations and to assess the company's overall financial performance and sustainability.