GoDaddy Inc.
For the period ended Jun 30, 2026. Filed Jul 31, 2026.
View on SEC.govAbout this filing
A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Jul 31, 2026
GDDY$114.38-4.8%Stored close · as of Nov 6, 2026
What changed in Management’s Discussion and Analysis?
Read the current filingPrevious report: 10-Q
Period ended 2026-03-31; filed 2026-05-01.
0001609711-26-000037
Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsCurrent report: 10-Q
Period ended 2026-06-30; filed 2026-07-31.
0001609711-26-000088
Item 2. Management's Discussion and Analysis of Financial Condition and Results of OperationsThe baseline is this issuer’s latest earlier reporting period of the same form that was filed before the current report. A previous 10-Q is a different quarter, not a year-over-year comparison. Amendments are excluded.
Compared 109 previous paragraphs and 111 current paragraphs.
69 unchanged; 23 reworded; 18 added; 13 removed; 4 previous and 1 current paragraphs rearranged.
Tables are not compared: 19 previous and 19 current tables excluded. Dates, whitespace, punctuation and numbering changes are ignored; changes to financial figures remain significant.
A changed paragraph is not evidence that risk increased or decreased. An unchanged paragraph does not establish that risk stayed the same.
Added paragraphs (18)
Current report
Consolidated Second Quarter Financial Highlights
Current report
•Total revenue of $1,298.0 million, an increase of 6.6%, or approximately 6.3% on a constant currency basis(1).
Current report
•International revenue of $427.1 million, an increase of 7.9%, or approximately 7.1% on a constant currency basis(1).
Current report
•Total bookings of $1,422.1 million, an increase of 5.7%, or 5.2% on a constant currency basis(1).
Current report
•Operating income of $342.5 million, an increase of 28.6%.
Current report
•Net income of $240.1 million, an increase of 20.1%.
Current report
•Normalized EBITDA(2) of $434.1 million, an increase of 13.7%.
Current report
(1)The constant currency impact is set forth in "Reconciliation of Constant Currency" below, and a further discussion of constant currency is set forth in "Quantitative and Qualitative Disclosures about Market Risk."
Current report
Reconciliation of Constant Currency
Current report
The $50.3 million, or 3.3%, increase in Core revenue for the six months ended June 30, 2026 was driven by $45.5 million growth in domain registration and add-on revenues and $11.9 million growth in aftermarket revenue.
Current report
There was no material change in technology and development expenses for the three and six months ended June 30, 2026.
Current report
The $12.5 million, or 6.4%, decrease in general and administrative expenses for the six months ended June 30, 2026, was attributable to a $6.4 million decrease in legal and professional costs.
Current report
The $17.3 million, or 56.5%, decrease in depreciation and amortization expense for the three months ended June 30, 2026 was attributable to a $15.1 million decrease in amortization of intangible assets driven by certain intangible assets reaching the end of their useful lives.
Current report
The $23.9 million, or 38.9%, decrease in depreciation and amortization expense for the six months ended June 30, 2026 was attributable to a $19.5 million decrease in amortization of intangible assets driven by certain intangible assets reaching the end of their useful lives.
Current report
(1)Not meaningful
Current report
The $37.7 million increase in provision for income taxes for the three months ended June 30, 2026 was driven by higher pre-tax book income and a decrease in excess tax benefits related to stock-based compensation.
Current report
The $35.3 million, or 17.2%, increase in A&C Segment EBITDA for the three months ended June 30, 2026 was attributed to a $50.9 million increase in revenue as described above, partially offset by an $11.2 million increase in cost of revenue.
Current report
The $34.0 million, or 7.1%, increase in Core Segment EBITDA for the six months ended June 30, 2026 was attributed to a $50.3 million increase in revenue as described above, partially offset by a $19.6 million increase in cost of revenue.
Removed paragraphs (13)
Previous report
Consolidated First Quarter Financial Highlights
Previous report
•Total revenue of $1,266.9 million, an increase of 6.1%, or approximately 5.6% on a constant currency basis(1).
Previous report
•International revenue of $415.9 million, an increase of 7.0%, or approximately 5.5% on a constant currency basis(1).
Previous report
•Total bookings of $1,455.3 million, an increase of 2.7%, or 1.7% on a constant currency basis(1).
Previous report
•Operating income of $310.5 million, an increase of 25.6%.
Previous report
•Net incomeof $214.6 million, a decrease of 2.2%(2).
Previous report
•Normalized EBITDA(3) of $413.5 million, an increase of 13.5%.
Previous report
Constant Currency
Previous report
The $7.9 million, or 3.8%, increase in technology and development expenses for the three months ended March 31, 2026, was primarily attributable to a $4.5 million increase in public cloud cost as we continue to migrate to a cloud-based infrastructure.
Previous report
There was no material change in depreciation and amortization expenses for the three months ended March 31, 2026.
Previous report
Off-Balance Sheet Arrangements
Previous report
Recent Accounting Pronouncements
Previous report
For information regarding recent accounting pronouncements, see Note 2 to our financial statements.
Reworded paragraphs (23)
Previous wording
The following discussion and analysis of our financial condition and results of operations should be read together with our financial statements and related notes included in this Quarterly Report as well as our audited financial statements and related notes and the discussions and analysis in the section titled "Business" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of our 2025 Form 10-K. Some of the information contained in this discussion and analysis, including information with respect to our plans and strategies for our business, includes forward-looking statements involving significant risks and uncertainties. As a result of many factors, such as those set forth in "Risk Factors," actual results may differ materially from the results described in, or implied by, these forward-looking statements.
Current wording
The following discussion and analysis of our financial condition and results of operations should be read together with our unaudited financial statements and related notes included in this Quarterly Report as well as our audited financial statements and related notes and the discussions and analysis in the section titled "Business" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" of our 2025 Form 10-K. Some of the information contained in this discussion and analysis, including information with respect to our plans and strategies for our business, includes forward-looking statements involving significant risks and uncertainties. As a result of many factors, such as those set forth in "Risk Factors," actual results may differ materially from the results described in, or implied by, these forward-looking statements. See the section "Note About Forward-Looking Statements." Throughout the tables and this discussion and analysis, dollars are in millions, excluding average revenue per user (ARPU), and shares are in thousands.
Previous wording
•Net cash provided by operating activities of $471.5 million, an increase of 16.5%.
Current wording
•Net cash provided by operating activities of $442.5 million, an increase of 16.5%.
Previous wording
(3) A reconciliation of Normalized EBITDA to net income, its most directly comparable GAAP financial measure, is set forth in "Reconciliation of NEBITDA" below.
Current wording
(2)A reconciliation of Normalized EBITDA to net income, its most directly comparable GAAP financial measure, is set forth in "Reconciliation of NEBITDA" below.
Previous wording
(1)Discussion of constant currency is set forth in "Quantitative and Qualitative Disclosures about Market Risk".
Current wording
A discussion of constant currency is set forth in "Quantitative and Qualitative Disclosures about Market Risk." The following table provides a reconciliation of constant currency:
Previous wording
Total revenue increased 6.1% for the three months ended March 31, 2026 due to the increases in our A&C and Core revenues, as described below:
Current wording
Total revenue increased 6.6% and 6.3% for the three and six months ended June 30, 2026, respectively, due to the increases in our A&C and Core revenues, as described below:
Previous wording
The $51.8 million, or 11.6%, increase in A&C revenue for the three months ended March 31, 2026 was due to continued customer adoption of our subscription-based products.
Current wording
The $50.9 million, or 11.0%, increase in A&C revenue for the three months ended June 30, 2026, and the $102.7 million, or 11.3%, increase in A&C revenue for the six months ended June 30, 2026 was due to continued customer adoption of our subscription-based products.
Previous wording
The $20.8 million, or 2.8%, increase in Core revenue for the three months ended March 31, 2026 was driven by $22.9 million growth in primary domain registrations and add-on revenues.
Current wording
The $29.5 million, or 3.9%, increase in Core revenue for the three months ended June 30, 2026 was driven by $22.6 million growth in domain registration and add-on revenues and $10.4 million growth in aftermarket revenue.
Previous wording
The $38.3 million, or 2.7%, increase in total bookings for the three months ended March 31, 2026 was driven by continued customer adoption of our subscription-based A&C products.
Current wording
The $76.8 million, or 5.7%, increase in total bookings for the three months ended June 30, 2026, and the $115.1 million, or 4.2%, increase in total bookings for the six months ended June 30, 2026 were driven by continued customer adoption of our subscription-based A&C products and strength in domain registration and aftermarket.
Previous wording
Cost of revenue is primarily the direct costs we incur in connection with selling an incremental product to our customers. Substantially all cost primarily relates to domain registration fees, fees for third-party productivity applications, third-party commissions and payment processing fees. Similar to our billing practices, we pay domain costs at the time of purchase for the life of each subscription but recognize the costs of service ratably over the term of our customer contracts. The terms for domain costs are established by agreements between registries and registrars and can vary significantly depending on the top-level domain (TLD). We expect cost of revenue to increase in absolute dollars in future periods due to increased sales of domains and third-party productivity applications. However, cost of revenue may fluctuate as a percentage of total revenue, depending on the mix of products sold in a particular period.
Current wording
Cost of revenue is primarily the direct costs we incur in connection with selling an incremental product to our customers. Substantially all cost primarily relates to domain registration fees, fees for third-party productivity applications, third-party commissions and payment processing fees. Similar to our billing practices, we pay domain costs at the time of purchase for the life of each subscription but recognize the costs of service ratably over the term of our customer contracts. The terms for domain costs are established by agreements between registries and registrars and can vary significantly depending on the top-level domain (TLD). We expect cost of revenue to increase in absolute dollars in future periods due to increased sales of domains and subscription-based products. However, cost of revenue may fluctuate as a percentage of total revenue, depending on the mix of products sold in a particular period.
Previous wording
The $18.6 million, or 4.2%, increase in cost of revenue for the three months ended March 31, 2026 was driven by the increases in revenue described above.
Current wording
The 6.2% and 5.2% increases in cost of revenue for the three and six months ended June 30, 2026, respectively, were driven by the increases in revenue described above.
Previous wording
Technology and development expenses represent the costs associated with the creation, development and distribution of our products and services. These expenses primarily consist of personnel costs associated with the design, development, deployment, testing, operation and enhancement of our products, as well as costs associated with the operation of our data centers and systems infrastructure supporting those products, excluding depreciation expense. We expect technology and development expenses to decrease as a percentage of revenue following a period of investment in product development and migration toward a unified infrastructure platform.
Current wording
Technology and development expenses represent the costs associated with the creation, development and distribution of our products and services. These expenses primarily consist of personnel costs associated with the design, development, deployment, testing, operation and enhancement of our products, as well as costs associated with the operation of our data centers and systems infrastructure supporting those products, excluding depreciation expense. We expect technology and development expenses to decrease as a percentage of revenue due to benefits from operational efficiencies and our migration to a unified infrastructure platform.
Previous wording
The $7.8 million, or 7.8%, decrease in marketing and advertising expenses for the three months ended March 31, 2026, was attributable to the timing of discretionary advertising spend.
Current wording
The $12.2 million, or 6.3%, decrease in marketing and advertising expenses for the six months ended June 30, 2026, was attributable to the timing of discretionary advertising spend.
Previous wording
There was no material change in customer care expenses for the three months ended March 31, 2026.
Current wording
There was no material change in customer care expenses for the three and six months ended June 30, 2026.
Previous wording
There was no material change in interest expense for the three months ended March 31, 2026.
Current wording
There was no material change in interest expense for the three and six months ended June 30, 2026.
Previous wording
There was no material change in other income (expense), net for the three months ended March 31, 2026.
Current wording
There was no material change in other income (expense), net for the three and six months ended June 30, 2026.
Previous wording
The $66.8 million increase in provision for income taxes for the three months ended March 31, 2026, was attributable to a one-time benefit for the recognition of an uncertain tax position of $34.6 million during the three months ended March 31, 2025 as well as an increase in income before income taxes.
Current wording
The $104.5 million increase in provision for income taxes for the six months ended June 30, 2026 was driven by higher pre-tax book income and a decrease in excess tax benefits related to stock-based compensation. Additionally, there was a one-time benefit for the recognition of an uncertain tax position of $34.6 million during the three months ended March 31, 2025.
Previous wording
The $28.3 million, or 14.4%, increase in A&C Segment EBITDA for the three months ended March 31, 2026 was attributed to a $51.8 million increase in revenue as described above. This increase was partially offset by a $15.1 million increase in cost of revenue attributable to the increase in revenue.
Current wording
The $63.6 million, or 15.8%, increase in A&C Segment EBITDA for the six months ended June 30, 2026 was attributed to a $102.7 million increase in revenue as described above. This increase was partially offset by a $26.4 million increase in cost of revenue and an $8.9 million increase in technology and development costs (excluding acquisition-related costs and equity-based compensation expense).
Previous wording
The $18.2 million, or 7.7%, increase in Core Segment EBITDA for the three months ended March 31, 2026 was attributed to a $20.8 million increase in revenue as described above.
Current wording
The $15.8 million, or 6.4%, increase in Core Segment EBITDA for the three months ended June 30, 2026 was attributed to a $29.5 million increase in revenue as described above, partially offset by a $16.1 million increase in cost of revenue.
Previous wording
We believe our existing cash and cash equivalents and cash generated by operating activities will be sufficient to meet our anticipated operating cash needs for at least the next 12 months. However, our future capital requirements will depend on many factors, including our growth rate, macroeconomic activity, the timing and extent of spending to support domestic and international development efforts, continued brand development and advertising spend, the level of customer care and general and administrative activities, the introduction of new and enhanced product offerings, the costs to support new and replacement capital equipment, the completion of strategic acquisitions or share repurchases. Should we pursue additional strategic acquisitions or share repurchases, we may need to raise additional capital, which may be in the form of long-term debt or equity financings.
Current wording
We believe our existing cash and cash equivalents and cash generated by operating activities will be sufficient to meet our anticipated operating cash needs for at least the next 12 months. However, our future capital requirements will depend on many factors, including our growth rate, macroeconomic activity, the timing and extent of spending to support domestic and international development efforts, continued brand development and advertising spend, the level of customer care and general and administrative activities, the introduction of new and enhanced product offerings, the costs to support new and replacement capital equipment, the impact of legal proceedings on our liquidity, the completion of strategic acquisitions or share repurchases. Should we pursue additional strategic acquisitions or share repurchases, we may need to raise additional capital, which may be in the form of long-term debt or equity financings.
Previous wording
Net cash provided by operating activities increased $66.8 million driven by an increase in bookings as well as working capital movements.
Current wording
Net cash provided by operating activities increased $129.4 million driven by an increase in bookings as well as working capital movements.
Previous wording
Net cash used in financing activities decreased $487.0 million driven by lower share repurchases.
Current wording
Net cash used in financing activities increased $46.8 million driven by higher share repurchases.
Previous wording
Our long-term debt agreements contain covenants restricting, among other things, our ability, or the ability of our subsidiaries, to incur indebtedness, issue certain types of equity, incur liens, enter into fundamental changes including mergers and consolidations, sell assets, make restricted payments including dividends, distributions and investments, prepay junior indebtedness and engage in operations other than in connection with acting as a holding company, subject to customary exceptions. As of March 31, 2026, we were in compliance with all such covenants and had $998.6 million available for borrowing under the Revolver.
Current wording
Our long-term debt agreements contain covenants restricting, among other things, our ability, or the ability of our subsidiaries, to incur indebtedness, issue certain types of equity, incur liens, enter into fundamental changes including mergers and consolidations, sell assets, make restricted payments including dividends, distributions and investments, prepay junior indebtedness and engage in operations other than in connection with acting as a holding company, subject to customary exceptions. As of June 30, 2026, we were in compliance with all such covenants and had $998.0 million available for borrowing under the Revolver.
Previous wording
In April 2025, the board approved the repurchase of up to $3.0 billion of our Class A common stock through the end of 2027 as further discussed in Note 4 to the financial statements. During the three months ended March 31, 2026, we repurchased a total of approximately 3.0 million shares of our Class A common stock, which were retired upon repurchase, for an aggregate purchase price of $279.7 million.
Current wording
In April 2025, the board approved the repurchase of up to $3.0 billion of our Class A common stock through the end of 2027 as further discussed in Note 4 to the financial statements. During the six months ended June 30, 2026, we repurchased a total of approximately 9.6 million shares of our Class A common stock, which were retired upon repurchase, for an aggregate purchase price of $833.6 million.
Rearranged current paragraphs (1)
Current report — wording carried from elsewhere
There was no material change in marketing and advertising expenses for the three months ended June 30, 2026.
Rearranged previous paragraphs (4)
Previous report — wording carried elsewhere
(Throughout the tables and this discussion and analysis, dollars are in millions, excluding average revenue per user (ARPU), and shares are in thousands.)
Previous report — wording carried elsewhere
(2) Net income for the three months ended March 31, 2025 included a one-time benefit for the recognition of an uncertain tax position of $34.6 million.
Previous report — wording carried elsewhere
The following table provides a reconciliation of constant currency:
Previous report — wording carried elsewhere
There have been no material changes in our off-balance sheet arrangements as discussed in our 2025 Form 10-K.