VeriSign Inc (VRSN)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 976,500 | 880,200 | 782,230 | 750,188 | 758,776 |
| Revenue | US$ in thousands | 1,493,100 | 1,424,900 | 1,327,600 | 1,265,100 | 1,231,660 |
| Pretax margin | 65.40% | 61.77% | 58.92% | 59.30% | 61.61% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $976,500K ÷ $1,493,100K
= 65.40%
Verisign Inc.'s pretax margin has shown a generally positive trend over the past five years, demonstrating an increasing profitability before taxes. The company's pretax margin improved from 61.61% in 2019 to 65.40% in 2023. This indicates that Verisign has been effectively managing its operating expenses and generating higher earnings relative to its total revenue. The consistent growth in the pretax margin reflects the company's ability to efficiently control costs and maximize profits before accounting for taxes. Overall, the upward trajectory of Verisign's pretax margin suggests a favorable financial performance and operational efficiency during the period under review.
Peer comparison
Dec 31, 2023