VeriSign State and local taxes remained flat by 0.0% to $5.10M in Q4 2024 compared to the prior quarter. Year-over-year, this metric declined by 28.4%, from $7.13M to $5.10M. Over 3 years (FY 2021 to FY 2024), State and local taxes shows a downward trend with a -7.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
An increase suggests higher tax obligations in specific operating regions, while a decrease may reflect lower regional profitability or tax planning.
This metric quantifies the total expense incurred for state and local income taxes, net of any federal tax benefits. It...
Standard disclosure in the tax reconciliation note for companies with multi-state or multi-jurisdictional operations.
other_income_tax_reconciliation_state_and_local_income_taxes| FY'21 | FY'22 | FY'23 | FY'24 | |
|---|---|---|---|---|
| Value | $25.50M | $29.20M | $28.50M | $20.40M |
| YoY Change | — | +14.5% | -2.4% | -28.4% |