Godaddy Inc (GDDY)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,441,500	1,365,000	1,311,500	1,290,700	1,292,600	1,270,500	1,241,200	1,189,500	1,129,800	1,074,200	1,028,000	948,200	934,100	1,458,000	1,448,800	1,419,800	1,603,500	1,518,900	1,672,200	1,894,900
Revenue (ttm)	US$ in thousands	4,111,400	4,047,500	4,019,100	3,989,900	3,960,900	3,947,400	3,876,300	3,792,100	3,694,000	3,553,000	3,441,500	3,329,900	3,228,400	3,161,000	3,078,500	2,991,300	2,905,200	2,820,600	2,736,600	2,662,800
Gross profit margin		35.06%	33.72%	32.63%	32.35%	32.63%	32.19%	32.02%	31.37%	30.58%	30.23%	29.87%	28.48%	28.93%	46.12%	47.06%	47.46%	55.19%	53.85%	61.11%	71.16%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,441,500K ÷ $4,111,400K
= 35.06%

Godaddy Inc has maintained relatively stable gross profit margins over the past eight quarters, ranging from 63.01% to 63.77%. The gross profit margin measures the company's ability to generate revenue after accounting for the direct costs associated with producing goods or services. Godaddy Inc's consistently high gross profit margins suggest efficient cost management and pricing strategies. The minor fluctuations in the margins indicate a stable pricing structure and effective cost control measures. Overall, the company has demonstrated strong profitability in its core operations, as reflected in its consistent gross profit margin performance.