Segment Information
The Company has one reportable segment that includes all the operations of the business. The segment’s chief operating decision maker is the Executive Chairman, President, and Chief Executive Officer. The chief operating decision maker assesses performance and decides how to allocate resources based on revenues, operating income and net income as reported on the Consolidated Statement of Comprehensive Income.
Revenues, operating income and net income are used to evaluate budget versus actual results and the overall return generated by the segment assets. The analysis of these financial results, among other metrics, is used to assess performance and drives employee incentive compensation, as well as executive compensation.
The following table presents information about segment revenues, significant expenses and profits:
Year Ended December 31,
202520242023
(In millions)
Revenues$1,656.6 $1,557.4 $1,493.1 
Costs and expenses:
Compensation and benefits expenses244.6 224.7 214.5 
Stock-based compensation expenses69.7 61.1 59.7 
Equipment and software expenses50.2 45.6 42.1 
Registry fee expenses47.8 45.3 44.1 
Depreciation expenses31.2 36.9 44.1 
Other segment items92.1 85.6 88.0 
Total costs and expenses535.6 499.2 492.5 
Operating income1,121.0 1,058.2 1,000.6 
Interest expense(77.0)(75.3)(75.3)
Non-operating income, net24.5 39.0 51.2 
Income tax expense(242.8)(236.2)(158.9)
Net income$825.7 $785.7 $817.6 
Other segment items that are a part of the Company’s segment net income include professional services expenses, legal expenses, telecommunication expenses, marketing expenses, occupancy expenses, and travel expenses.

Historical Timeline

Fiscal YearFiled
2025Feb 5, 2026Showing above
2024Feb 13, 2025
2016Feb 17, 2017

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.