Godaddy Inc (GDDY)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	1,374,800	352,200	242,300	-495,100	137,000
Revenue	US$ in thousands	4,111,400	3,961,000	3,694,000	3,228,400	2,884,200
Net profit margin		33.44%	8.89%	6.56%	-15.34%	4.75%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,374,800K ÷ $4,111,400K
= 33.44%

The net profit margin of Godaddy Inc has shown a positive trend over the past five years, indicating an improvement in the company's profitability. The net profit margin increased from 4.58% in 2019 to 32.32% in 2023. This significant improvement suggests that the company has been able to effectively control its costs and generate higher profits relative to its revenue. In 2020, the company experienced a negative net profit margin of -14.93%, which may have been due to exceptional circumstances or one-time events impacting profitability. Overall, the increasing trend in net profit margin demonstrates Godaddy Inc's ability to efficiently convert its revenue into profits over the years.