Skip to main content

ICANN Publishes FY20 Financial Results

LOS ANGELES – 15 October 2020 – Today, the Internet Corporation for Assigned Names and Numbers (ICANN) announced financial results for the fourth quarter of the financial year ending 30 June 2020, which reflects ICANN's unaudited financials for the full fiscal year. ICANN remains in a strong financial position despite the economic impacts of the COVID-19 pandemic.

The domain name market was resilient in the second half of fiscal year 2020 (FY20), despite the pandemic. As a result, ICANN's funding is USD 0.6 million (0.4%) higher than the budget. However, ICANN is uncertain if these market trends will continue.

ICANN's expenses were USD 11.1 million (8%) lower than budgeted, resulting in a net excess of USD 14.6 million. This was a result of several factors, including:

  • USD 6.2 million savings from the travel & meetings category, as a result of holding ICANN67 and ICANN68 as virtual Public Meetings as well as travel restrictions to other meetings.
  • Lower personnel expenses, primarily due to slowed recruitment during the pandemic.

ICANN was able to cover unplanned expenditures while still spending less than budgeted. These expenditures included Information Transparency Initiative (ITI) costs delayed from FY19; costs associated with the .ORG change of control request; and installation of the ICANN Managed Root Server (IMRS) cluster in Singapore.

ICANN's funds under management increased by USD 15.8 million when compared to the previous year, largely due to net excess and investment gains despite market volatility. Investment accounts are comprised of proceeds that ICANN holds from the New Generic Top-Level Domain (gTLD) Program auctions of last resort, New gTLD Program application fees, the Reserve Fund, and the Operating Fund. Replenishing ICANN's Reserve Fund to achieve at least 12 months of operating expenses by FY25 has been a top priority, and at the end of August 2020, the Reserve Fund balance reached the minimum target level.

FY20 Reports Published

The following reports are now available:

  • FY20 Q4 Unaudited Financials: These reports are posted every quarter as a summarized update of ICANN's year-to-date financials. The FY20 Q4 report reflects ICANN's unaudited financials for the full fiscal year. ICANN expects to publish the audited FY20 financial statements as soon as the independent auditor has completed review.
  • Country code top-level domain (ccTLD) Contributions: Voluntary contributions paid to ICANN from ccTLD registries are listed by ICANN fiscal year and reflect the fiscal year for which the contribution was intended, regardless of the date the contribution was issued.
  • Funding by Source: This report includes funding by customer and customer class.
  • Board Expenses Report – This report includes reimbursements and compensation paid to (or paid on behalf of) the ICANN Board of Directors.

About ICANN

ICANN's mission is to help ensure a stable, secure, and unified global Internet. To reach another person on the Internet, you need to type an address – a name or a number – into your computer or other device. That address must be unique so computers know where to find each other. ICANN helps coordinate and support these unique identifiers across the world. ICANN was formed in 1998 as a not-for-profit public-benefit corporation with a community of participants from all over the world.


More Announcements
Domain Name System
Internationalized Domain Name ,IDN,"IDNs are domain names that include characters used in the local representation of languages that are not written with the twenty-six letters of the basic Latin alphabet ""a-z"". An IDN can contain Latin letters with diacritical marks, as required by many European languages, or may consist of characters from non-Latin scripts such as Arabic or Chinese. Many languages also use other types of digits than the European ""0-9"". The basic Latin alphabet together with the European-Arabic digits are, for the purpose of domain names, termed ""ASCII characters"" (ASCII = American Standard Code for Information Interchange). These are also included in the broader range of ""Unicode characters"" that provides the basis for IDNs. The ""hostname rule"" requires that all domain names of the type under consideration here are stored in the DNS using only the ASCII characters listed above, with the one further addition of the hyphen ""-"". The Unicode form of an IDN therefore requires special encoding before it is entered into the DNS. The following terminology is used when distinguishing between these forms: A domain name consists of a series of ""labels"" (separated by ""dots""). The ASCII form of an IDN label is termed an ""A-label"". All operations defined in the DNS protocol use A-labels exclusively. The Unicode form, which a user expects to be displayed, is termed a ""U-label"". The difference may be illustrated with the Hindi word for ""test"" — परीका — appearing here as a U-label would (in the Devanagari script). A special form of ""ASCII compatible encoding"" (abbreviated ACE) is applied to this to produce the corresponding A-label: xn--11b5bs1di. A domain name that only includes ASCII letters, digits, and hyphens is termed an ""LDH label"". Although the definitions of A-labels and LDH-labels overlap, a name consisting exclusively of LDH labels, such as""icann.org"" is not an IDN."