Godaddy Inc (GDDY)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 1,424,700 1,292,700 1,129,800 934,100 820,500
Revenue US$ in thousands 4,111,400 3,961,000 3,694,000 3,228,400 2,884,200
Gross profit margin 34.65% 32.64% 30.58% 28.93% 28.45%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,424,700K ÷ $4,111,400K
= 34.65%

The gross profit margin of Godaddy Inc has exhibited a slight declining trend over the past five years. The company's gross profit margin decreased from 65.64% in 2019 to 63.01% in 2023. This indicates that Godaddy's ability to generate profits from its core operations has weakened over the period. While the downward trend may raise concerns about the company's cost management or pricing strategies, it is important to consider external factors and industry dynamics that may have influenced the margins. Further analysis of the company's cost structure and revenue streams would be necessary to evaluate the reasons behind the declining trend in gross profit margin.


Peer comparison

Dec 31, 2023