GoDaddy (NYSE: GDDY) lifts margins, buys back $1.6B in stock on 2025 growth
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
GoDaddy Inc. reported solid growth and stronger profitability for 2025. Full-year revenue reached
Net cash provided by operating activities was
For 2026, GoDaddy is targeting revenue between
Positive
- Profitable growth and cash generation: 2025 revenue rose to
$4.951 billion (up8% ), NEBITDA increased14% to$1.586 billion with a32% margin, and free cash flow grew19% to$1.614 billion , supporting$1.6 billion of share repurchases and robust 2026 guidance.
Negative
- None.
Insights
GoDaddy delivered profitable growth, strong cash flow, and upbeat 2026 targets.
GoDaddy combined mid-single-digit top-line growth with notable margin expansion in 2025. Revenue grew to
Cash generation was a standout. Free cash flow reached
Guidance suggests continued, if moderate, growth with further margin gains. For 2026, GoDaddy targets revenue of
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (Commission File Number) | (I.R.S. Employer Identification No.) | |||||||||||||||
(Address of Principal Executive Offices) | (Zip Code) | ||||||||||||||||
(480 ) 505-8800
Registrant's telephone number, including area code
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
¨
Item 2.02 Results of Operations and Financial Condition
On February 24, 2026, GoDaddy Inc. (the "Company") issued a press release and will hold a conference call announcing its financial results for the quarter and year ended December 31, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Form 8-K and is incorporated by reference herein.
This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
The Company refers to non-GAAP financial information in both the press release and the conference call. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits
| Exhibit Number | Exhibit Description | ||||||||||
| 99.1 | Press release of GoDaddy Inc. dated February 24, 2026 | ||||||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| GODADDY INC. | ||||||||
| Date: | February 24, 2026 | /s/ Mark McCaffrey | ||||||
| Mark McCaffrey | ||||||||
| Chief Financial Officer | ||||||||
news release
GODADDY REPORTS FOURTH QUARTER AND FULL YEAR 2025 RESULTS
Company continues its track record of profitable growth, strong cash generation
Announces integration of GoDaddy's Agent Name Service with MuleSoft, a Salesforce Company
TEMPE, Ariz., February 24, 2026 /PRNewswire/ - GoDaddy Inc. (NYSE: GDDY) today reported financial results for the fourth quarter and full year that ended December 31, 2025.
"GoDaddy demonstrated strong performance in 2025, and we are leveraging our domain leadership, global scale and strong fundamentals to lead in the next era of the agentic open internet," said GoDaddy CEO Aman Bhutani. "We are well-equipped to adapt in this dynamic environment and build on our competitive advantages, creating value for our customers."
"Our strong 2025 financial results demonstrate the durability of our business model, enabling us to execute with discipline while advancing our AI capabilities," said GoDaddy CFO Mark McCaffrey. "We are executing from a position of financial strength, leveraging our strong balance sheet, expanding margins and driving compounding free cash flow to deliver long-term shareholder value."
Full Year 2025 Business and Financial Highlights
•Total revenue of $5.0 billion, up 8% year-over-year, on a reported and constant currency basis.
•Total bookings of $5.4 billion, up 7% year-over-year, on a reported and constant currency basis.
•Applications and Commerce (A&C) revenue grew 14% year-over-year to $1.9 billion.
•Core Platform (Core) revenue grew 5% year-over-year to $3.1 billion.
•Operating income of $1.1 billion, up 26% year-over-year, representing a 23% margin.
•Net income of $875.0 million versus $936.9 million in the prior year. Net income in each period was inclusive of non-recurring, non-cash income tax benefits of $34.6 million and $267.4 million, respectively.
•Normalized EBITDA (NEBITDA) of $1.6 billion, up 14% year-over-year, representing a 32% margin.
•Net cash provided by operating activities of $1.6 billion, up 24% year-over-year.
•Free cash flow of $1.6 billion, up 19% year-over-year.
•Gross payments volume from GoDaddy's commerce offerings grew to $3.4 billion, up 31% year-over-year.
Fourth Quarter 2025 Business and Financial Highlights
•Total revenue of $1.3 billion, up 7% year-over-year on a reported and constant currency basis.
100 S. Mill Ave Ste. 1600 Tempe, AZ 85281 T: 480.505.8800 https://investors.godaddy.net
•Total bookings of $1.3 billion, up 5% year-over-year on a reported and constant currency basis.
•A&C revenue grew 13% year-over-year to $497.7 million.
•Core revenue grew 3% year-over-year to $776.2 million.
•Operating income of $317.0 million, up 24% year-over-year, representing a 25% margin.
•Net income of $245.1 million, up 23% year-over-year.
•NEBITDA of $431.2 million, up 12% year-over-year, representing a 34% margin.
•Net cash provided by operating activities of $370.6 million, up 9% year-over-year.
•Free cash flow of $370.3 million, up 8% year-over-year.
•GoDaddy continued to expand the capabilities of its AI-powered, business-in-a-box GoDaddy Airo® experience into an increasingly agentic platform. Our Airo.ai platform now has 25 agents in production with additional agents coming soon.
•Sequential net customer growth of 9,000 customers quarter-over-quarter.
•In February, GoDaddy announced integration of its Agent Name Service (ANS) with Salesforce’s MuleSoft Agent Fabric, extending ANS into enterprise-grade workflows and supporting secure adoption of agentic AI.
100 S. Mill Ave, Ste 1600 Tempe, AZ 85281 T: 480.505.8800 https://investors.godaddy.net
Consolidated Fourth Quarter and Full Year Financial Highlights
| Three Months Ended December 31, | Year Ended December 31, | ||||||||||||||||||||||||||||||||||||||||
| 2025 | 2024 | Change | Constant Currency | 2025 | 2024 | Change | Constant Currency | ||||||||||||||||||||||||||||||||||
| (in millions, except customers in thousands and ARPU in dollars) | |||||||||||||||||||||||||||||||||||||||||
| GAAP Results | |||||||||||||||||||||||||||||||||||||||||
| Total revenue | $ | 1,273.9 | $ | 1,192.6 | 6.8 | % | 6.7% | $ | 4,951.1 | $ | 4,573.2 | 8.3 | % | 8.4% | |||||||||||||||||||||||||||
| Applications and commerce revenue | $ | 497.7 | $ | 441.2 | 12.8 | % | $ | 1,889.0 | $ | 1,653.0 | 14.3 | % | |||||||||||||||||||||||||||||
| Core platform revenue | $ | 776.2 | $ | 751.4 | 3.3 | % | $ | 3,062.1 | $ | 2,920.2 | 4.9 | % | |||||||||||||||||||||||||||||
| International revenue | $ | 419.6 | $ | 380.4 | 10.3 | % | 10.1% | $ | 1,626.8 | $ | 1,459.8 | 11.4 | % | 11.8% | |||||||||||||||||||||||||||
| Operating income | $ | 317.0 | $ | 255.6 | 24.0 | % | $ | 1,127.3 | $ | 893.5 | 26.2 | % | |||||||||||||||||||||||||||||
| Operating income margin | 24.9% | 21.4% | 350 bps | 22.8% | 19.5% | 330 bps | |||||||||||||||||||||||||||||||||||
Net income(1) | $ | 245.1 | $ | 198.6 | 23.4 | % | $ | 875.0 | $ | 936.9 | (6.6) | % | |||||||||||||||||||||||||||||
| Net cash provided by operating activities | $ | 370.6 | $ | 340.5 | 8.8 | % | $ | 1,599.4 | $ | 1,287.7 | 24.2 | % | |||||||||||||||||||||||||||||
Segment EBITDA - A&C | $ | 234.3 | $ | 206.2 | 13.6 | % | $ | 856.9 | $ | 739.3 | 15.9 | % | |||||||||||||||||||||||||||||
Segment EBITDA margin - A&C | 47.1% | 46.7% | 40 bps | 45.4% | 44.7% | 70 bps | |||||||||||||||||||||||||||||||||||
Segment EBITDA - Core | $ | 270.4 | $ | 256.5 | 5.4 | % | $ | 1,010.3 | $ | 931.7 | 8.4 | % | |||||||||||||||||||||||||||||
Segment EBITDA margin - Core | 34.8% | 34.1% | 70 bps | 33.0% | 31.9% | 110 bps | |||||||||||||||||||||||||||||||||||
Non-GAAP Results(2) | |||||||||||||||||||||||||||||||||||||||||
| NEBITDA | $ | 431.2 | $ | 384.7 | 12.1 | % | $ | 1,585.9 | $ | 1,395.9 | 13.6 | % | |||||||||||||||||||||||||||||
NEBITDA margin | 33.8% | 32.3% | 160 bps | 32.0% | 30.5% | 150 bps | |||||||||||||||||||||||||||||||||||
| Free cash flow | $ | 370.3 | $ | 342.0 | 8.3 | % | $ | 1,613.6 | $ | 1,355.5 | 19.0 | % | |||||||||||||||||||||||||||||
| Operating and Business Metrics | |||||||||||||||||||||||||||||||||||||||||
| Total bookings | $ | 1,283.2 | $ | 1,222.5 | 5.0 | % | 4.5% | $ | 5,400.0 | $ | 5,038.8 | 7.2 | % | 7.2% | |||||||||||||||||||||||||||
| Total customers at period end | 20,422 | 20,511 | (0.4) | % | 20,422 | 20,511 | (0.4) | % | |||||||||||||||||||||||||||||||||
| Average revenue per user (ARPU) | $ | 242 | $ | 220 | 10.0 | % | $ | 242 | $ | 220 | 10.0 | % | |||||||||||||||||||||||||||||
| Annualized Recurring Revenue (ARR) | $ | 4,336.2 | $ | 4,042.6 | 7.3 | % | $ | 4,336.2 | $ | 4,042.6 | 7.3 | % | |||||||||||||||||||||||||||||
_______________________________
(1) Net income for the year ended December 31, 2025 included a one-time benefit for the recognition of an uncertain tax position of $34.6 million. Net income for the year ended December 31, 2024 included a non-routine, non-cash benefit to income taxes of $267.4 million related to the conversion of GoDaddy's Desert Newco, LLC subsidiary from a partnership to a disregarded entity for U.S. income tax purposes.
(2) Reconciliations of our non-GAAP results to their most directly comparable GAAP financial measures are set forth in "Reconciliation of Non-GAAP Financial Measures" below.
Share Repurchases
In 2025, GoDaddy repurchased 10.2 million shares of its common stock for an aggregate purchase price of $1.6 billion.
Balance Sheet
At December 31, 2025, total cash and cash equivalents were $1.1 billion, total debt was $3.8 billion and net debt was $2.7 billion.
Business Outlook
For the first quarter ending March 31, 2026, GoDaddy expects total revenue in the range of $1.250 billion to $1.270 billion, representing year-over-year growth of 6% at the midpoint, versus the same period in 2025. For the full year ending December 31, 2026, GoDaddy is targeting total
100 S. Mill Ave, Ste 1600 Tempe, AZ 85281 T: 480.505.8800 https://investors.godaddy.net
revenue in the range of $5.195 billion to $5.275 billion, representing year-over-year growth of 6% at the midpoint, versus the $4.951 billion of revenue generated for the full year ended December 31, 2025.
For the first quarter ending March 31, 2026, GoDaddy expects NEBITDA margin of approximately 32%. For the full year ending December 31, 2026, GoDaddy expects NEBITDA margin of over 33%.
For the full year ending December 31, 2026, GoDaddy expects free cash flow of approximately $1.8 billion, versus the $1.6 billion of free cash flow generated in 2025.
| Modeling Guide | 2026 | |||||||
| Capital expenditures | ~ $30 million | |||||||
| Cash interest on debt | ~ $150 million | |||||||
| GAAP interest expense, net | ~$110 million | |||||||
| Cash income taxes | ~ $30 million | |||||||
| GAAP provision for income taxes | ~$300 million | |||||||
GoDaddy's consolidated financial statements are prepared in accordance with generally accepted accounting principles in the United States (GAAP). GoDaddy does not provide reconciliations of forward-looking non-GAAP measures to the most directly comparable forward-looking GAAP equivalents, because projections of changes in individual balance sheet amounts are not possible without unreasonable effort, and presentation of such reconciliations would imply an inappropriate degree of precision. For non-forward-looking non-GAAP measures, a reconciliation to the nearest GAAP equivalent is included in this press release following the financial statements.
Quarterly Earnings Webcast
GoDaddy will host a webcast to discuss fourth quarter and full year 2025 results at 5:00 p.m. Eastern Time on February 24, 2026. To participate in the webcast, please preregister online at https://investors.godaddy.net/investor-relations/overview/default.aspx. A live webcast of the event, together with a slide presentation including supplemental financial information and reconciliations of certain non-GAAP measures to their nearest comparable GAAP measures, will be available through GoDaddy's Investor Relations website at https://investors.godaddy.net. A transcript of prerecorded remarks will be available on the Investor Relations website at the time of the webcast. Following the event, a recorded replay of the webcast will be available on the website.
GoDaddy uses its Investor Relations website at https://investors.godaddy.net as a means of disclosing material non-public information and to comply with its disclosure obligations under Regulation FD. Accordingly, investors should monitor GoDaddy’s Investor Relations website, in addition to following press releases, Securities and Exchange Commission (SEC) filings, public conference calls and webcasts.
100 S. Mill Ave, Ste 1600 Tempe, AZ 85281 T: 480.505.8800 https://investors.godaddy.net
Forward-Looking Statements
This press release contains forward-looking statements which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on estimates and information available to us at the time of this press release and are not guarantees of future performance. Statements in this press release involve risks, uncertainties and assumptions. If the risks or uncertainties materialize or the assumptions prove incorrect, our results may differ materially from those expressed or implied by such forward-looking statements. All statements other than statements of historical fact could be deemed forward-looking statements, including, but not limited to any statements regarding: our business outlook; launches of new or expansion of existing products or services, including our AI-powered solutions, such as GoDaddy Airo and the Airo.ai platform, any projections of product or service availability, technology developments and innovation, customer growth, or other future events; historical results that may suggest future trends for our business; our plans, strategies or objectives with respect to future operations, partnerships and partner integrations and marketing strategy; future financial results; our forecasted levels of future taxable income and ability to realize our deferred tax assets; and assumptions underlying any of the foregoing.
Actual results could differ materially from our current expectations as a result of many factors, including, but not limited to: the unpredictable nature of our rapidly evolving market; fluctuations in our financial and operating results; our rate of growth; interruptions or delays in our service or our web hosting; our dependence on payment card networks and acquiring processors; cyberattacks or breaches of our security measures; the impact of any previous or future acquisitions or divestitures; our ability to continue to release, and gain customer acceptance of, our existing and future products and services; our ability to deploy new and evolving technologies, such as artificial intelligence, machine learning, data analytics and similar tools, in our offerings; our ability to manage our growth; our ability to hire, retain and motivate employees; the effects of competition; technological, regulatory and legal developments; litigation, legal proceedings and government inquiries; privacy, legislative and regulatory concerns or developments; impacts of our restructuring efforts; macroeconomic conditions and developments in the economy, financial markets and credit markets; continued escalation of geopolitical tensions; the level of interest rates and inflationary pressures; and execution of share repurchases.
Additional risks and uncertainties that could affect GoDaddy’s business and financial results are included in the filings we make with the SEC from time to time, including those described in "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our most recently filed period reports on Form 10-K and Form 10-Q, which are available on our website at https://investors.godaddy.net and on the SEC's website at www.sec.gov. Additional information will also be set forth in other filings that GoDaddy makes with the SEC from time to time. All forward-looking statements in this press release are based on information available to GoDaddy as of the date hereof. Except to the extent required by law, GoDaddy does not assume any obligation to update the forward-looking statements provided to reflect events that occur or circumstances that exist after the date on which they were made.
100 S. Mill Ave, Ste 1600 Tempe, AZ 85281 T: 480.505.8800 https://investors.godaddy.net
Non-GAAP Financial Measures and Other Operating and Business Metrics
In addition to our financial results prepared in accordance with GAAP, this press release includes certain non-GAAP financial measures and other operating and business metrics. We believe that these non-GAAP financial measures and other metrics are useful as a supplement in evaluating our ongoing operational performance and enhancing an overall understanding of our past financial performance. The non-GAAP financial measures included in this press release should not be considered in isolation from, or as a substitute for, financial information prepared in accordance with GAAP. In addition, similarly titled measures may be calculated differently by other companies and may not be comparable. A reconciliation between each non-GAAP financial measure and its nearest GAAP equivalent is included in this press release following the financial statements. We use both GAAP and non-GAAP measures to evaluate and manage our operations.
Total bookings. Total bookings is an operating metric representing the total value of customer contracts entered into during the period, excluding refunds. We believe total bookings provides additional insight into the performance of our business and the effectiveness of our marketing efforts since we typically collect payment at the inception of a customer contract but recognize revenue ratably over the term of the contract.
Constant currency. Constant currency is calculated by translating bookings and revenue for each month in the current period using the foreign currency exchange rates for the corresponding month in the prior period, excluding any hedging gains or losses realized during the period. We believe constant currency information is useful in analyzing underlying trends in our business by eliminating the impact of fluctuations in foreign currency exchange rates and allows for period-to-period comparisons of our performance.
Normalized EBITDA (NEBITDA). NEBITDA is a supplemental measure of our operating performance used by management to evaluate our business. We calculate NEBITDA as net income excluding depreciation and amortization, interest expense (net), provision or benefit for income taxes, equity-based compensation expense, acquisition-related costs, restructuring-related expenses and certain other items. We believe that the inclusion or exclusion of certain recurring and non-recurring items provides a supplementary measure of our core operating results and permits useful alternative period-over-period comparisons of our operations. NEBITDA should not be viewed as a substitute for comparable GAAP measures.
NEBITDA margin. NEBITDA margin is used by management as a supplemental measure of our operating performance and refers to the ratio of NEBITDA to revenue, expressed as a percentage.
Free cash flow. Free cash flow is a supplemental measure of our liquidity used by management to evaluate our business prior to the impact of restructuring and after purchases of property and equipment. We use free cash flow as a supplemental measure of our liquidity, including our ability to generate cash flow in excess of capital requirements and return cash to shareholders, though it should not be considered as an alternative to, or more meaningful than, comparable GAAP measures.
Net debt. We define net debt as total debt less cash and cash equivalents and short-term investments. Total debt consists of the current portion of long-term debt plus long-term debt and unamortized original issue discount and debt issuance costs. Our management reviews net debt as part of its management of our overall liquidity, financial flexibility, capital structure and leverage and we believe such information is useful to investors. Furthermore, certain analysts and debt rating agencies monitor our net debt as part of their assessments of our business.
100 S. Mill Ave, Ste 1600 Tempe, AZ 85281 T: 480.505.8800 https://investors.godaddy.net
Gross payments volume (GPV). GPV is an operating metric calculated by annualizing the total quarterly dollar value of transactions processed through our payments platform. GPV is representative of the volume of transactions in which we record transaction revenue based on our payment processing rate.
Annualized recurring revenue (ARR). ARR is an operating metric defined as annualized quarterly recurring GAAP revenue, net of refunds, from new and renewed subscription-based services. ARR is exclusive of any revenue that is non-recurring, including, without limitation, domain aftermarket, domain transfers, one-time set-up or migration fees and non-recurring professional website services fees. We believe ARR helps illustrate the scale of certain of our products and facilitates comparisons to other companies in our industry.
Average revenue per user (ARPU). We calculate ARPU as total revenue during the preceding 12 month period divided by the average of the number of total customers at the beginning and end of the period. ARPU is one measure that provides insight into our ability to sell additional products to our customers.
Total customers. We define a customer as an individual or entity, each with a unique account and paid transactions in the trailing twelve months or with paid subscriptions as of the end of the period. Total customers is one way we measure the scale of our business and can be a contributing factor to our ability to increase our revenue base.
About GoDaddy
GoDaddy, the world's largest domain name registrar, helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a website and logo, sell their products and services, and accept payments. GoDaddy Airo®, the company’s AI-powered experience, makes growing a small business faster and easier by helping them to get their idea online in minutes, drive traffic and boost sales. GoDaddy’s expert guides are available 24/7 to provide assistance. To learn more about the company, visit www.GoDaddy.com.
100 S. Mill Ave, Ste 1600 Tempe, AZ 85281 T: 480.505.8800 https://investors.godaddy.net
GoDaddy Inc.
Consolidated Statements of Operations (unaudited)
(In millions, except shares in thousands and per share amounts)
| Three Months Ended December 31, | Year Ended December 31, | ||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||
| Revenue: | |||||||||||||||||||||||
| Applications and commerce | $ | 497.7 | $ | 441.2 | $ | 1,889.0 | $ | 1,653.0 | |||||||||||||||
| Core platform | 776.2 | 751.4 | 3,062.1 | 2,920.2 | |||||||||||||||||||
| Total revenue | 1,273.9 | 1,192.6 | 4,951.1 | 4,573.2 | |||||||||||||||||||
Costs and operating expenses(1): | |||||||||||||||||||||||
| Cost of revenue (excluding depreciation and amortization) | 450.4 | 421.8 | 1,801.5 | 1,652.0 | |||||||||||||||||||
| Technology and development | 211.4 | 200.5 | 841.5 | 814.4 | |||||||||||||||||||
| Marketing and advertising | 89.6 | 91.8 | 375.1 | 356.9 | |||||||||||||||||||
| Customer care | 71.9 | 68.9 | 289.1 | 287.5 | |||||||||||||||||||
| General and administrative | 103.6 | 112.1 | 388.9 | 394.2 | |||||||||||||||||||
| Restructuring and other | 3.2 | 9.7 | 11.1 | 39.4 | |||||||||||||||||||
| Depreciation and amortization | 26.8 | 32.2 | 116.6 | 135.3 | |||||||||||||||||||
| Total costs and operating expenses | 956.9 | 937.0 | 3,823.8 | 3,679.7 | |||||||||||||||||||
| Operating income | 317.0 | 255.6 | 1,127.3 | 893.5 | |||||||||||||||||||
| Interest expense | (37.2) | (38.1) | (151.0) | (158.3) | |||||||||||||||||||
| Gain (loss) on debt extinguishment | 1.4 | (1.5) | 1.4 | (4.6) | |||||||||||||||||||
| Other income (expense), net | 12.7 | 10.3 | 42.3 | 34.8 | |||||||||||||||||||
| Income before income taxes | 293.9 | 226.3 | 1,020.0 | 765.4 | |||||||||||||||||||
Benefit (provision) for income taxes | (48.8) | (27.7) | (145.0) | 171.5 | |||||||||||||||||||
| Net income | 245.1 | 198.6 | 875.0 | 936.9 | |||||||||||||||||||
| Net income per share of Class A common stock: | |||||||||||||||||||||||
| Basic | $ | 1.82 | $ | 1.40 | $ | 6.34 | $ | 6.63 | |||||||||||||||
| Diluted | $ | 1.80 | $ | 1.36 | $ | 6.22 | $ | 6.45 | |||||||||||||||
| Weighted-average shares of Class A common stock outstanding: | |||||||||||||||||||||||
| Basic | 134,906 | 141,694 | 138,100 | 141,250 | |||||||||||||||||||
| Diluted | 136,182 | 145,582 | 140,621 | 145,287 | |||||||||||||||||||
| ____________________________________ | |||||||||||||||||||||||
| (1) Costs and operating expenses include equity-based compensation expense as follows: | |||||||||||||||||||||||
| Cost of revenue | $ | 0.4 | $ | 0.3 | $ | 1.3 | $ | 0.9 | |||||||||||||||
| Technology and development | 43.1 | 39.8 | 170.1 | 155.2 | |||||||||||||||||||
| Marketing and advertising | 5.0 | 8.0 | 30.0 | 30.9 | |||||||||||||||||||
| Customer care | 5.8 | 5.2 | 22.0 | 21.6 | |||||||||||||||||||
| General and administrative | 22.5 | 24.2 | 94.4 | 90.5 | |||||||||||||||||||
| Restructuring and other | — | — | — | 0.8 | |||||||||||||||||||
| Total equity-based compensation expense | $ | 76.8 | $ | 77.5 | $ | 317.8 | $ | 299.9 | |||||||||||||||
100 S. Mill Ave, Ste 1600 Tempe, AZ 85281 T: 480.505.8800 https://investors.godaddy.net
GoDaddy Inc.
Consolidated Balance Sheets (unaudited)
(In millions, except per share amounts)
| December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Assets | |||||||||||
| Current assets: | |||||||||||
| Cash and cash equivalents | $ | 1,080.9 | $ | 1,089.0 | |||||||
| Accounts and other receivables | 83.1 | 91.1 | |||||||||
| Registry deposits | 43.9 | 34.5 | |||||||||
| Prepaid domain name registry fees | 512.2 | 492.0 | |||||||||
| Prepaid expenses and other current assets | 120.8 | 245.2 | |||||||||
| Total current assets | 1,840.9 | 1,951.8 | |||||||||
| Property and equipment, net | 145.4 | 156.4 | |||||||||
| Operating lease assets | 41.9 | 49.4 | |||||||||
| Prepaid domain name registry fees, net of current portion | 241.2 | 224.8 | |||||||||
| Goodwill | 3,633.3 | 3,518.9 | |||||||||
| Intangible assets, net | 986.3 | 1,055.8 | |||||||||
Deferred tax assets | 1,052.6 | 1,181.5 | |||||||||
| Other assets | 93.3 | 96.8 | |||||||||
| Total assets | $ | 8,034.9 | $ | 8,235.4 | |||||||
| Liabilities and stockholders' equity | |||||||||||
| Current liabilities: | |||||||||||
| Accounts payable | $ | 67.5 | $ | 81.6 | |||||||
| Accrued expenses and other current liabilities | 528.7 | 378.6 | |||||||||
| Deferred revenue | 2,384.2 | 2,222.3 | |||||||||
| Long-term debt | 15.1 | 15.9 | |||||||||
| Total current liabilities | 2,995.5 | 2,698.4 | |||||||||
| Deferred revenue, net of current portion | 934.9 | 883.2 | |||||||||
| Long-term debt, net of current portion | 3,765.2 | 3,779.1 | |||||||||
| Operating lease liabilities, net of current portion | 62.0 | 76.7 | |||||||||
| Other long-term liabilities | 57.5 | 85.7 | |||||||||
| Deferred tax liabilities | 4.7 | 20.2 | |||||||||
| Commitments and contingencies | |||||||||||
| Stockholders' equity: | |||||||||||
| Preferred stock, $0.001 par value | — | — | |||||||||
| Class A common stock, $0.001 par value | 0.1 | 0.1 | |||||||||
| Additional paid-in capital | 2,975.2 | 2,611.8 | |||||||||
| Accumulated deficit | (2,789.4) | (2,052.3) | |||||||||
| Accumulated other comprehensive income | 29.2 | 132.5 | |||||||||
| Total stockholders' equity | 215.1 | 692.1 | |||||||||
| Total liabilities and stockholders' equity | $ | 8,034.9 | $ | 8,235.4 | |||||||
100 S. Mill Ave, Ste 1600 Tempe, AZ 85281 T: 480.505.8800 https://investors.godaddy.net
GoDaddy Inc.
Consolidated Statements of Cash Flows (unaudited)
(In millions)
| Year Ended December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| Operating activities | |||||||||||
| Net income | $ | 875.0 | $ | 936.9 | |||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Depreciation and amortization | 116.6 | 135.3 | |||||||||
| Equity-based compensation | 317.8 | 299.9 | |||||||||
| Deferred taxes | 157.4 | (189.7) | |||||||||
| Other | 29.6 | 44.1 | |||||||||
| Changes in operating assets and liabilities | |||||||||||
| Prepaid domain name registry fees | (35.1) | (42.3) | |||||||||
| Accounts payable | (14.5) | (65.5) | |||||||||
| Accrued expenses and other current liabilities | 2.8 | 0.3 | |||||||||
| Deferred revenue | 206.8 | 235.4 | |||||||||
| Other operating assets and liabilities | (57.0) | (66.7) | |||||||||
| Net cash provided by operating activities | 1,599.4 | 1,287.7 | |||||||||
| Investing activities | |||||||||||
| Maturities of short-term investments | — | 40.0 | |||||||||
| Purchases of property and equipment | (23.9) | (26.6) | |||||||||
| Other investing activities, net | (1.2) | 8.1 | |||||||||
| Net cash provided by (used in) investing activities | (25.1) | 21.5 | |||||||||
| Financing activities | |||||||||||
| Proceeds received from: | |||||||||||
| Issuance of term loans | — | 4,214.8 | |||||||||
| Issuance of Class A common stock under employee stock purchase plan | 30.5 | 31.8 | |||||||||
| Payments made for: | |||||||||||
| Repurchases of Class A common stock | (1,601.9) | (676.5) | |||||||||
| Repayment of term loans | (24.6) | (4,237.1) | |||||||||
| Other financing activities | 8.9 | (10.4) | |||||||||
Net cash used in financing activities | (1,587.1) | (677.4) | |||||||||
| Effect of exchange rate changes on cash and cash equivalents | 4.7 | (1.6) | |||||||||
| Net increase (decrease) in cash and cash equivalents | (8.1) | 630.2 | |||||||||
| Cash and cash equivalents, beginning of period | 1,089.0 | 458.8 | |||||||||
| Cash and cash equivalents, end of period | $ | 1,080.9 | $ | 1,089.0 | |||||||
100 S. Mill Ave, Ste 1600 Tempe, AZ 85281 T: 480.505.8800 https://investors.godaddy.net
Reconciliation of Non-GAAP Financial Measures
The following tables reconcile each non-GAAP financial measure to its most directly comparable GAAP financial measure:
| Three Months Ended December 31, | Year Ended December 31, | ||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||
NEBITDA and NEBITDA Margin: | (in millions) | ||||||||||||||||||||||
| Net income | $ | 245.1 | $ | 198.6 | $ | 875.0 | $ | 936.9 | |||||||||||||||
| Depreciation and amortization | 26.8 | 32.2 | 116.6 | 135.3 | |||||||||||||||||||
| Equity-based compensation expense | 76.8 | 77.5 | 317.8 | 299.1 | |||||||||||||||||||
| Interest expense, net of interest income | 28.4 | 28.0 | 114.2 | 130.4 | |||||||||||||||||||
Restructuring and other(1) | 5.3 | 20.7 | 17.3 | 65.7 | |||||||||||||||||||
| Provision (benefit) for income taxes | 48.8 | 27.7 | 145.0 | (171.5) | |||||||||||||||||||
| NEBITDA | $ | 431.2 | $ | 384.7 | $ | 1,585.9 | $ | 1,395.9 | |||||||||||||||
Net income margin | 19.2 | % | 16.7 | % | 17.7 | % | 20.5 | % | |||||||||||||||
NEBITDA margin | 33.8 | % | 32.3 | % | 32.0 | % | 30.5 | % | |||||||||||||||
(1)In addition to the restructuring and other in our statements of operations, other charges included are primarily composed of lease-related expenses associated with closed facilities, charges related to certain legal matters, adjustments to the fair value of our equity investments, expenses incurred in relation to the refinancing of our long-term debt, acquisition-related expenses, and incremental expenses associated with certain professional services.
| December 31, 2025 | |||||
| (in millions) | |||||
| Net Debt: | |||||
| Current portion of long-term debt | $ | 15.1 | |||
| Long-term debt | 3,765.2 | ||||
| Unamortized original issue discount and debt issuance costs | 48.9 | ||||
| Total debt | 3,829.2 | ||||
| Less: Cash and cash equivalents | (1,080.9) | ||||
| Net debt | $ | 2,748.3 | |||
100 S. Mill Ave, Ste 1600 Tempe, AZ 85281 T: 480.505.8800 https://investors.godaddy.net
| Three Months Ended December 31, | Year Ended December 31, | ||||||||||||||||||||||
| 2025 | 2024 | 2025 | 2024 | ||||||||||||||||||||
| (in millions) | |||||||||||||||||||||||
| Free Cash Flow: | |||||||||||||||||||||||
| Net cash provided by operating activities | $ | 370.6 | $ | 340.5 | $ | 1,599.4 | $ | 1,287.7 | |||||||||||||||
| Capital expenditures | (6.9) | (14.4) | (23.9) | (26.6) | |||||||||||||||||||
Cash paid for restructuring and other charges(1) | 6.6 | 15.9 | 38.1 | 94.4 | |||||||||||||||||||
| Free cash flow | $ | 370.3 | $ | 342.0 | $ | 1,613.6 | $ | 1,355.5 | |||||||||||||||
(1)In addition to payments made pursuant to our restructuring activities, cash paid for restructuring and other charges includes lease-related payments associated with closed facilities, payments related to certain legal matters, cash paid for acquisition-related costs including tax and milestone payments related to previous acquisitions, and incremental payments associated with certain professional services and third party payments incurred in relation to the refinancing of our long-term debt.
Shares Outstanding
Total shares of common stock outstanding are as follows:
| December 31, | |||||||||||
| 2025 | 2024 | ||||||||||
| (in thousands) | |||||||||||
| Shares Outstanding: | |||||||||||
| Class A common stock | 134,737 | 141,208 | |||||||||
Effect of dilutive securities(1) | 1,276 | 3,888 | |||||||||
| Total shares outstanding | 136,013 | 145,096 | |||||||||
_________________________________
(1)Calculated using the treasury stock method, which excludes the impact of antidilutive securities.
Constant Currency
The following table provides a reconciliation of constant currency:
| Three Months Ended December 31, 2025 | Year Ended December 31, 2025 | ||||||||||
| (in millions) | |||||||||||
| Constant Currency: | |||||||||||
| Revenue | $ | 1,273.9 | $ | 4,951.1 | |||||||
| Constant currency adjustment | (0.9) | 5.6 | |||||||||
| Constant currency revenue | $ | 1,273.0 | $ | 4,956.7 | |||||||
| Bookings | $ | 1,283.2 | $ | 5,400.0 | |||||||
| Constant currency adjustment | (5.6) | 3.8 | |||||||||
Constant currency bookings | $ | 1,277.6 | $ | 5,403.8 | |||||||
100 S. Mill Ave, Ste 1600 Tempe, AZ 85281 T: 480.505.8800 https://investors.godaddy.net
CONTACTS:
Investors
Christie Masoner
investors@godaddy.com
Media
Kristy Nicholas
pr@godaddy.com
Source: GoDaddy Inc.
© 2026 GoDaddy Inc. All Rights Reserved.
100 S. Mill Ave, Ste 1600 Tempe, AZ 85281 T: 480.505.8800 https://investors.godaddy.net
FAQ
How did GoDaddy (GDDY) perform financially in full-year 2025?
GoDaddy delivered higher revenue and profitability in 2025, with total revenue of $4.951 billion , up 8% year-over-year. Operating income increased 26% to $1.127 billion , while Normalized EBITDA rose 14% to $1.586 billion , reflecting improved operating leverage and cost discipline.
What were GoDaddy’s (GDDY) fourth quarter 2025 results?
In Q4 2025, GoDaddy generated revenue of $1.2739 billion , up about 7% year-over-year. Operating income climbed to $317.0 million , a 24% increase, and NEBITDA reached $431.2 million with a 33.8% margin, indicating strong profitability exiting the year.
How much free cash flow did GoDaddy (GDDY) generate in 2025?
GoDaddy produced substantial free cash flow of $1.6136 billion in 2025, an increase of 19% year-over-year. This strong cash generation came after capital expenditures and restructuring-related payments, and supported significant share repurchases and continued investment in growth initiatives.
What guidance did GoDaddy (GDDY) provide for 2026 revenue and margins?
For 2026, GoDaddy expects revenue between $5.195 billion and $5.275 billion , implying about 6% growth at the midpoint. Management also targets NEBITDA margin of over 33% , modestly above 2025’s 32% , suggesting further incremental margin expansion alongside continued growth.
What is GoDaddy’s (GDDY) 2026 free cash flow outlook?
GoDaddy is forecasting free cash flow of approximately $1.8 billion for 2026, compared with $1.6136 billion generated in 2025. This implies another year of growth in cash generation, which can support capital returns, debt management, and ongoing investment in AI and platform capabilities.
How much stock did GoDaddy (GDDY) repurchase in 2025?
During 2025, GoDaddy repurchased 10.2 million shares of its common stock for a total of $1.6 billion . These buybacks reduced Class A common shares outstanding to 134.7 million at year-end, enhancing per-share metrics alongside the company’s underlying earnings and cash flow growth.
What role did AI and new integrations play in GoDaddy’s 2025 update?
GoDaddy highlighted continued rollout of its AI-powered GoDaddy Airo experience and the Airo.ai platform, which now has 25 agents in production. It also announced integration of its Agent Name Service with Salesforce’s MuleSoft Agent Fabric, aiming to embed agentic AI into enterprise-grade workflows and customer solutions.
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GDDY Stock Data
11.86B
134.23M
Software - Infrastructure
Services-computer Integrated Systems Design
United States
TEMPE