VeriSign Inc (VRSN)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	1,000,600	943,100	866,800	824,200	806,127
Revenue	US$ in thousands	1,493,100	1,424,900	1,327,600	1,265,100	1,231,660
Operating profit margin		67.01%	66.19%	65.29%	65.15%	65.45%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $1,000,600K ÷ $1,493,100K
= 67.01%

Verisign Inc.'s operating profit margin has shown steady performance over the past five years, ranging between 65.15% and 67.01%. This indicates that the company has been consistently efficient in generating profits from its core operations. The slight fluctuations in the operating profit margin suggest that Verisign has been able to effectively manage its operating expenses relative to its revenue. Overall, the trend in the operating profit margin demonstrates Verisign's ability to maintain a high level of profitability and operational efficiency over the years.