greeksoup/ stock research

GoDaddy (GDDY) FY2024 results: revenue $4.6 billion, up 7.5% on the year

GoDaddy Inc. (GDDY) reported revenue of $4.6 billion for fiscal 2024, the year ended 31 December 2024, up 7.5% on the year before. Net income was $937 million, down 31.9%, and diluted earnings per share $6.45. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.

Revenue
$4.6 billion
+7.5% on the year
FY2017FY2024
Operating margin
19.5%
12.9% a year earlier
FY2017FY2024
Net income
$937 million
-31.9% on the year
FY2017FY2024
Diluted EPS
$6.45
-29.0% on the year
FY2017FY2024

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2024 · Q2 FY2024 · Q3 FY2024 · Q4 FY2024

Income statement (profit and loss)

$ millionFY2024FY2023FY2022On the yearLast 8 years
Revenue4,5734,2544,091+7.5%
Cost of revenue1,6521,5741,484+5.0%
Gross profit2,9212,6802,607+9.0%
Gross margin63.9%63.0%63.7%
Operating income894547499+63.2%
Operating margin19.5%12.9%12.2%
Interest expense158179146-11.6%
Pre-tax income765404356+89.5%
Income tax-172-9723.6
Effective tax rate-22.4%-240.7%1.0%
Net income9371,375352-31.9%
Net margin20.5%32.3%8.6%
Diluted EPS$6.45$9.08$2.19-29.0%
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ millionFY2024FY2023FY2022On the yearLast 8 years
Operating cash flow1,2881,048980+22.9%
Capital expenditure26.642.059.7-36.7%
Free cash flow1,2611,006920+25.4%
Free cash flow margin27.6%23.6%22.5%
Cash from investing21.5-102-132
Cash from financing-677-1,262-1,327
Depreciation and amortisation135171195-21.0%
Share-based compensation300296264+1.2%
Buybacks6761,2701,295-46.7%
Diluted shares, weighted145m151m161m-4.1%
Shares outstanding at period end141mn/an/a

Balance sheet

$ millionFY2024FY2023FY2022On the yearLast 8 years
Shareholders' equity69262.2-332+1,012.7%
Non-controlling interestn/a0.02.5
Debt3,7953,8163,831-0.6%
Operating lease liabilities76.790.2116-15.0%
Other liabilities3,6723,5963,355+2.1%
Total liabilities and equity8,2357,5656,974+8.9%
Fixed assets156185226-15.6%
Goodwill3,5193,5693,537-1.4%
Intangible assets1,0561,1591,252-8.9%
Investments0.040.00.0
Cash and equivalents1,089459774+137.4%
Receivables91.176.660.1+18.9%
Other assets2,3242,0761,125+11.9%
Total assets8,2357,5656,974+8.9%

10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.