Godaddy Inc (GDDY)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	2,921,200	2,680,500	2,606,800	2,443,500	2,158,100
Revenue	US$ in thousands	4,573,200	4,254,100	4,091,300	3,815,700	3,316,700
Gross profit margin		63.88%	63.01%	63.72%	64.04%	65.07%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,921,200K ÷ $4,573,200K
= 63.88%

Based on the provided data, Godaddy Inc's gross profit margin has experienced a slight decline over the years from 65.07% as of December 31, 2020, to 63.88% as of December 31, 2024. This indicates that the company's efficiency in controlling production costs and generating revenue from its core operations has weakened slightly over the period under review. Despite the decline, the company has maintained a relatively healthy gross profit margin above 60%, which suggests that Godaddy Inc is still effectively managing its cost of goods sold and generating profits from its sales. It would be beneficial for the company to monitor this trend and take necessary operational measures to potentially improve its gross profit margin in the future.