Godaddy Inc (GDDY)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	2,814,500	2,628,800	2,594,900	2,572,800	2,567,500	2,642,800	2,628,900	2,624,200	2,606,800	2,592,500	2,551,800	2,496,100	2,443,500	2,369,400	2,305,400	2,223,100	2,158,100	2,095,700	2,037,000	2,002,600
Revenue (ttm)	US$ in thousands	4,569,600	4,477,300	4,400,100	4,325,000	4,254,100	4,193,700	4,157,200	4,124,600	4,091,300	4,070,700	4,001,500	3,917,300	3,815,700	3,670,300	3,550,700	3,425,800	3,316,700	3,223,200	3,139,300	3,070,100
Gross profit margin		61.59%	58.71%	58.97%	59.49%	60.35%	63.02%	63.24%	63.62%	63.72%	63.69%	63.77%	63.72%	64.04%	64.56%	64.93%	64.89%	65.07%	65.02%	64.89%	65.23%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,814,500K ÷ $4,569,600K
= 61.59%

The gross profit margin of Godaddy Inc has been fluctuating over the past few years. It started at a relatively high level of 65.23% as of March 31, 2020, and maintained levels above 64% until September 30, 2021. However, from December 31, 2021, to December 31, 2023, there was a consistent decline in the gross profit margin, reaching a low of 60.35% by the end of 2023.

Subsequently, there was a slight recovery in the gross profit margin by December 31, 2024, when it improved to 61.59%. Overall, the trend indicates a gradual decrease in the gross profit margin over the analyzed period, which may raise concerns about the company's ability to effectively manage its cost of goods sold relative to its revenue generated. Monitoring this trend closely will be essential for assessing the company's operational efficiency and profitability in the future.