VeriSign Inc (VRSN)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	976,500	957,200	931,500	907,700	880,200	851,330	831,030	800,230	782,230	761,640	743,927	747,675	750,188	752,325	760,919	759,765	758,776	807,701	792,521	766,905
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
Pretax margin		65.40%	64.59%	63.69%	62.93%	61.77%	60.98%	60.51%	59.24%	58.92%	58.25%	57.61%	58.59%	59.30%	59.93%	61.08%	61.38%	61.61%	65.74%	64.65%	62.75%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $976,500K ÷ $1,493,100K
= 65.40%

Verisign Inc.'s pretax margin has shown a positive trend over the past eight quarters, indicating consistent profitability and operational efficiency. The pretax margin has steadily increased from 59.24% in Q1 2022 to 65.40% in Q4 2023, reflecting the company's ability to effectively manage its expenses relative to its revenue before accounting for taxes. This improvement suggests that Verisign has been able to control costs and optimize its operating income, resulting in a higher percentage of pre-tax earnings. Overall, the upward trajectory of Verisign's pretax margin demonstrates the company's strong financial performance and potential for sustained profitability.