GODADDY INC., 10-Q filed on 11/4/2022
Quarterly Report
v3.22.2.2
Cover Page - shares
 9 Months Ended
Sep. 30, 2022
Oct. 28, 2022
Document Information [Line Items]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Sep. 30, 2022  
Document Transition Report false  
Entity File Number 001-36904  
Entity Registrant Name GoDaddy Inc.  
Entity Incorporation, State or Country Code DE  
Entity Tax Identification Number 46-5769934  
Entity Address, Address Line One 2155 E. GoDaddy Way  
Entity Address, City or Town Tempe  
Entity Address, State or Province AZ  
Entity Address, Postal Zip Code 85284  
City Area Code 480  
Local Phone Number 505-8800  
Title of 12(b) Security Class A Common Stock, $0.001 par value per share  
Trading Symbol GDDY  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Central Index Key 0001609711  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2022  
Document Fiscal Period Focus Q3  
Amendment Flag false  
Class A Common Stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   155,065,792
Class B Common Stock    
Document Information [Line Items]    
Entity Common Stock, Shares Outstanding   312,223
v3.22.2.2
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 826.2 $ 1,255.7
Accounts and other receivables 64.0 63.6
Prepaid domain name registry fees 435.7 419.7
Prepaid expenses and other current assets 443.9 150.8
Total current assets 1,769.8 1,889.8
Property and equipment, net 213.6 220.0
Operating lease assets 87.4 109.2
Prepaid domain name registry fees, net of current portion 190.8 181.4
Goodwill 3,458.3 3,540.8
Intangible assets, net 1,266.9 1,384.7
Other assets 86.1 91.2
Total assets 7,072.9 7,417.1
Current liabilities:    
Accounts payable 124.3 85.2
Accrued expenses and other current liabilities 351.6 437.3
Deferred revenue 1,975.2 1,890.1
Long-term debt 24.4 24.1
Total current liabilities 2,475.5 2,436.7
Deferred revenue, net of current portion 773.6 743.3
Long-term debt, net of current portion 3,842.9 3,858.2
Operating lease liabilities, net of current portion 119.9 142.7
Other long-term liabilities 84.2 77.7
Deferred tax liabilities 52.8 75.3
Commitments and contingencies
Stockholders' equity (deficit):    
Preferred stock 0.0 0.0
Additional paid-in capital 1,827.8 1,594.7
Accumulated deficit (2,312.1) (1,474.6)
Accumulated other comprehensive income (loss) 205.7 (38.6)
Total stockholders' equity (deficit) attributable to GoDaddy Inc. (278.4) 81.7
Non-controlling interests 2.4 1.5
Total stockholders' equity (deficit) (276.0) 83.2
Total liabilities and stockholders' equity (deficit) 7,072.9 7,417.1
Class A Common Stock    
Stockholders' equity (deficit):    
Common stock 0.2 0.2
Class B Common Stock    
Stockholders' equity (deficit):    
Common stock $ 0.0 $ 0.0
v3.22.2.2
Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares
Sep. 30, 2022
Dec. 31, 2021
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 50,000,000 50,000,000
Preferred stock, shares issued (in shares) 0 0
Preferred stock, shares outstanding (in shares) 0 0
Class A Common Stock    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 1,000,000,000 1,000,000,000
Common stock, shares issued (in shares) 155,704,000 166,901,000
Common stock, shares outstanding (in shares) 155,704,000 166,901,000
Class B Common Stock    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 500,000,000 500,000,000
Common stock, shares issued (in shares) 312,000 320,000
Common stock, shares outstanding (in shares) 312,000 320,000
v3.22.2.2
Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenue:        
Revenue $ 1,033.2 $ 964.0 $ 3,051.4 $ 2,796.4
Costs and operating expenses        
Cost of revenue (excluding depreciation and amortization) [1] 374.3 345.8 1,105.0 999.0
Technology and development [1] 199.5 172.4 587.7 530.8
Marketing and advertising [1] 100.4 124.0 317.4 383.2
Customer care [1] 74.0 74.0 230.6 230.9
General and administrative [1] 101.6 81.2 286.9 260.9
Restructuring and other [1] 5.2 (15.4) 14.8 (15.4)
Depreciation and amortization 48.5 [1] 50.7 [1] 145.1 149.7 [1]
Total costs and operating expenses 903.5 832.7 2,687.5 2,539.1
Operating income 129.7 131.3 363.9 257.3
Interest expense (35.6) (32.5) (104.1) (93.8)
Other income (expense), net 3.1 (1.2) 0.8 (1.4)
Income before income taxes 97.2 97.6 260.6 162.1
Benefit (provision) for income taxes 2.8 0.1 (1.5) (6.7)
Net income 100.0 97.7 259.1 155.4
Less: net income attributable to non-controlling interests 0.2 0.2 0.5 0.3
Net income attributable to GoDaddy Inc. 99.8 97.5 258.6 155.1
Weighted-average shares of Class A common stock outstanding:        
Equity-based compensation expense 65.4 50.9 193.3 154.9
Applications & commerce        
Revenue:        
Revenue 326.0 289.6 946.3 827.8
Core platform        
Revenue:        
Revenue $ 707.2 $ 674.4 $ 2,105.1 $ 1,968.6
Class A Common Stock        
Net income attributable to GoDaddy Inc. per share of Class A common stock:        
Basic (in USD per share) $ 0.64 $ 0.58 $ 1.61 $ 0.92
Diluted (in USD per share) $ 0.63 $ 0.58 $ 1.59 $ 0.90
Weighted-average shares of Class A common stock outstanding:        
Basic (in shares) 156,393 167,542 160,150 168,387
Diluted (in shares) 158,418 169,823 162,665 171,724
[1]
Costs and operating expenses include equity-based compensation expense as follows:
Three months ended
 September 30,
Nine months ended
 September 30,
2022202120222021
Cost of revenue$0.4 $0.3 $1.1 $0.7 
Technology and development34.4 27.3 102.4 82.2 
Marketing and advertising7.2 5.6 21.7 18.8 
Customer care4.9 3.5 14.6 10.2 
General and administrative18.5 14.2 53.5 43.0 
Total equity-based compensation expense$65.4 $50.9 $193.3 $154.9 
v3.22.2.2
Consolidated Statements of Operations (unaudited) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Equity-based compensation expense $ 65.4 $ 50.9 $ 193.3 $ 154.9
Cost of revenue        
Equity-based compensation expense 0.4 0.3 1.1 0.7
Technology and development        
Equity-based compensation expense 34.4 27.3 102.4 82.2
Marketing and advertising        
Equity-based compensation expense 7.2 5.6 21.7 18.8
Customer care        
Equity-based compensation expense 4.9 3.5 14.6 10.2
General and administrative        
Equity-based compensation expense $ 18.5 $ 14.2 $ 53.5 $ 43.0
v3.22.2.2
Consolidated Statements of Comprehensive Income (unaudited) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Statement of Comprehensive Income [Abstract]                
Net income $ 100.0 $ 90.5 $ 68.6 $ 97.7 $ 46.9 $ 10.8 $ 259.1 $ 155.4
Foreign exchange forward contracts gain (loss), net 24.2     11.0     48.0 14.0
Unrealized swap gain (loss), net [1] 77.7     4.6     216.7 22.9
Change in foreign currency translation adjustment 5.4     3.8     (19.9) 31.6
Comprehensive income 207.3     117.1     503.9 223.9
Less: comprehensive income attributable to non-controlling interests 0.4     0.3     1.0 0.7
Comprehensive income attributable to GoDaddy Inc. $ 206.9     $ 116.8     $ 502.9 $ 223.2
[1]
Components of OCI are net of the tax effects reflected below:
Unrealized swap gain (loss), net— 0.3 (2.5)1.8 
v3.22.2.2
Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Statement of Comprehensive Income [Abstract]        
Unrealized swap gain (loss), net $ 0.0 $ 0.3 $ (2.5) $ 1.8
Foreign exchange forward contracts gain (loss), net 24.2 11.0 48.0 14.0
Unrealized swap gain (loss), net [1] 77.7 4.6 216.7 22.9
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Reclassification Adjustment from AOCI, Realized upon Sale or Liquidation, Net of Tax 5.4 3.8 (19.9) 31.6
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest 207.3 117.1 503.9 223.9
Less: comprehensive income attributable to non-controlling interests 0.4 0.3 1.0 0.7
Comprehensive Income (Loss), Net of Tax, Attributable to Parent $ 206.9 $ 116.8 $ 502.9 $ 223.2
[1]
Components of OCI are net of the tax effects reflected below:
Unrealized swap gain (loss), net— 0.3 (2.5)1.8 
v3.22.2.2
Consolidated Statement of Stockholders' Deficit (unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Class A Common Stock
Class B Common Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Non- Controlling Interests
Beginning balance (in shares) at Dec. 31, 2020       169,157 688        
Beginning balance at Dec. 31, 2020 $ (11.8)     $ 0.2 $ 0.0 $ 1,308.8 $ (1,190.9) $ (131.0) $ 1.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 10.8           10.8    
Equity-based compensation, including amounts capitalized 53.2         53.2      
Stock option exercises (in shares)       309          
Stock option exercises 11.6         11.8     (0.2)
Repurchases of Class A common stock (in shares)       (2,544)          
Repurchases of Class A common stock (195.1)           (195.1)    
Impact of derivatives, net 26.5             26.5  
Change in foreign currency translation adjustment 33.7             33.7  
Vesting of restricted stock units and other (in shares)       1,523 (209)        
Vesting of restricted stock units and other 0.1         (0.4)   (0.4) 0.9
Ending balance (in shares) at Mar. 31, 2021       168,445 479        
Ending balance at Mar. 31, 2021 (71.0)     $ 0.2 $ 0.0 1,373.4 (1,375.2) (71.2) 1.8
Beginning balance (in shares) at Dec. 31, 2020       169,157 688        
Beginning balance at Dec. 31, 2020 (11.8)     $ 0.2 $ 0.0 1,308.8 (1,190.9) (131.0) 1.1
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 155.4                
Ending balance (in shares) at Sep. 30, 2021       166,121 320        
Ending balance at Sep. 30, 2021 (101.1)     $ 0.2 $ 0.0 1,521.8 (1,561.8) (63.0) 1.7
Beginning balance (in shares) at Mar. 31, 2021       168,445 479        
Beginning balance at Mar. 31, 2021 (71.0)     $ 0.2 $ 0.0 1,373.4 (1,375.2) (71.2) 1.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 46.9           46.8   0.1
Equity-based compensation, including amounts capitalized 52.1         52.1      
Stock option exercises (in shares)       337          
Stock option exercises 14.2         14.2      
Repurchases of Class A common stock (in shares)       (956)          
Repurchases of Class A common stock (80.8)           (80.8)    
Issuance of Class A common stock under ESPP (in shares)       291          
Issuance of Class A common stock under ESPP 18.4         18.4      
Impact of derivatives, net (5.2)             (5.2)  
Change in foreign currency translation adjustment (5.9)             (5.9)  
Vesting of restricted stock units and other (in shares)       603 (100)        
Vesting of restricted stock units and other (0.1)         (0.1)      
Ending balance (in shares) at Jun. 30, 2021       168,720 379        
Ending balance at Jun. 30, 2021 (31.4)     $ 0.2 $ 0.0 1,458.0 (1,409.2) (82.3) 1.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 97.7           97.5   0.2
Equity-based compensation, including amounts capitalized 52.0         52.0      
Stock option exercises (in shares)       322          
Stock option exercises 11.2         11.3     (0.1)
Repurchases of Class A common stock (in shares)       (3,425)          
Repurchases of Class A common stock (250.1)         0.0 (250.1)    
Impact of derivatives, net 15.6             15.6  
Change in foreign currency translation adjustment 3.8             3.8  
Vesting of restricted stock units and other (in shares)       504 (59)        
Vesting of restricted stock units and other 0.1         0.5   (0.1) (0.3)
Ending balance (in shares) at Sep. 30, 2021       166,121 320        
Ending balance at Sep. 30, 2021 (101.1)     $ 0.2 $ 0.0 1,521.8 (1,561.8) (63.0) 1.7
Beginning balance (in shares) at Dec. 31, 2021   166,901 320 166,901 320        
Beginning balance at Dec. 31, 2021 83.2     $ 0.2 $ 0.0 1,594.7 (1,474.6) (38.6) 1.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 68.6           68.4   0.2
Equity-based compensation, including amounts capitalized 62.2         62.2      
Stock option exercises (in shares)       202          
Stock option exercises 8.5         8.5      
Repurchases of Class A common stock (in shares)       (6,532)          
Repurchases of Class A common stock (750.2)           (750.2)    
Impact of derivatives, net 93.1             93.1  
Change in foreign currency translation adjustment (34.3)             (34.3)  
Vesting of restricted stock units and other (in shares)       1,115 (8)        
Vesting of restricted stock units and other 0.2         0.2   (0.1) 0.1
Ending balance (in shares) at Mar. 31, 2022       161,686 312        
Ending balance at Mar. 31, 2022 (468.7)     $ 0.2 $ 0.0 1,665.6 (2,156.4) 20.1 1.8
Beginning balance (in shares) at Dec. 31, 2021   166,901 320 166,901 320        
Beginning balance at Dec. 31, 2021 83.2     $ 0.2 $ 0.0 1,594.7 (1,474.6) (38.6) 1.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 259.1                
Ending balance (in shares) at Sep. 30, 2022   155,704 312 155,704 312        
Ending balance at Sep. 30, 2022 (276.0)     $ 0.2 $ 0.0 1,827.8 (2,312.1) 205.7 2.4
Beginning balance (in shares) at Mar. 31, 2022       161,686 312        
Beginning balance at Mar. 31, 2022 (468.7)     $ 0.2 $ 0.0 1,665.6 (2,156.4) 20.1 1.8
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 90.5           90.4   0.1
Equity-based compensation, including amounts capitalized 67.5         67.5      
Stock option exercises (in shares)       158          
Stock option exercises 4.9         4.9      
Repurchases of Class A common stock (in shares)       (6,059)          
Repurchases of Class A common stock (236.3)           (236.3)    
Issuance of Class A common stock under ESPP (in shares)       302          
Issuance of Class A common stock under ESPP 18.4         18.4      
Impact of derivatives, net 69.7             69.7  
Change in foreign currency translation adjustment 9.0             9.0  
Vesting of restricted stock units and other (in shares)       458          
Vesting of restricted stock units and other (0.3)         (0.1)   (0.2)  
Ending balance (in shares) at Jun. 30, 2022       156,545 312        
Ending balance at Jun. 30, 2022 (445.3)     $ 0.2 $ 0.0 1,756.3 (2,302.3) 98.6 1.9
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 100.0           99.8   0.2
Equity-based compensation, including amounts capitalized 66.1         66.1      
Stock option exercises (in shares)       138          
Stock option exercises 5.4         5.5     (0.1)
Repurchases of Class A common stock (in shares)       (1,466)          
Repurchases of Class A common stock (109.6)           (109.6)    
Impact of derivatives, net 101.9             101.9  
Change in foreign currency translation adjustment 5.4             5.4  
Vesting of restricted stock units and other (in shares)       487          
Vesting of restricted stock units and other 0.1         (0.1)   (0.2) 0.4
Ending balance (in shares) at Sep. 30, 2022   155,704 312 155,704 312        
Ending balance at Sep. 30, 2022 $ (276.0)     $ 0.2 $ 0.0 $ 1,827.8 $ (2,312.1) $ 205.7 $ 2.4
v3.22.2.2
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income $ 259.1 $ 155.4
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 145.1 149.7 [1]
Equity-based compensation expense 193.3 154.9
(Gain) loss on derivative instruments 21.7 (8.6)
Non-cash restructuring charges 10.4 0.0
Other 34.4 19.3
Changes in operating assets and liabilities, net of amounts acquired:    
Prepaid domain name registry fees (30.3) (42.0)
Deferred revenue 132.9 214.8
Other operating assets and liabilities 5.1 13.6
Net cash provided by operating activities 771.7 657.1
Investing activities    
Business acquisitions, net of cash acquired (72.5) (320.1)
Purchases of intangible assets (0.4) (201.8)
Purchases of property and equipment (42.6) (33.7)
Purchases of equity investments 0.0 (40.0)
Other investing activities 0.0 25.3
Net cash used in investing activities (115.5) (570.3)
Proceeds received from:    
Issuance of senior notes 0.0 800.0
Stock option exercises 18.8 37.0
Issuance of Class A common stock under ESPP 18.4 18.4
Payments made for:    
Repurchases of Class A common stock (1,090.5) (526.0)
Repayment of term loans (24.4) (24.3)
Other financing obligations (3.3) (12.7)
Net cash provided by (used in) financing activities (1,081.0) 292.4
Effect of exchange rate changes on cash and cash equivalents (4.7) (1.0)
Net increase (decrease) in cash and cash equivalents (429.5) 378.2
Cash and cash equivalents, beginning of period 1,255.7 765.2
Cash and cash equivalents, end of period 826.2 1,143.4
Cash paid during the period for:    
Interest on long-term debt, including impact of interest rate swaps 90.7 74.4
Income taxes, net of refunds received 9.3 15.5
Amounts included in the measurement of operating lease liabilities 39.4 41.1
Supplemental disclosure of non-cash transactions    
Operating lease assets obtained in exchange for operating lease liabilities 10.3 10.7
Accrued purchases of property and equipment at period end 5.5 4.4
Share repurchases not yet settled $ 5.6 $ 0.0
[1]
Costs and operating expenses include equity-based compensation expense as follows:
Three months ended
 September 30,
Nine months ended
 September 30,
2022202120222021
Cost of revenue$0.4 $0.3 $1.1 $0.7 
Technology and development34.4 27.3 102.4 82.2 
Marketing and advertising7.2 5.6 21.7 18.8 
Customer care4.9 3.5 14.6 10.2 
General and administrative18.5 14.2 53.5 43.0 
Total equity-based compensation expense$65.4 $50.9 $193.3 $154.9 
v3.22.2.2
Organization and Background
 9 Months Ended
Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Background Organization and Background
Organization
We are the sole managing member of Desert Newco, and as a result, we consolidate its financial results and report non-controlling interests representing the economic interests held by other members. The calculation of non-controlling interests excludes any net income attributable directly to GoDaddy Inc. As of September 30, 2022, we owned more than 99.8% of Desert Newco.
Basis of Presentation
Our financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and include our accounts and the accounts of our subsidiaries. All material intercompany accounts and transactions have been eliminated.
Our interim financial statements are unaudited, and in our opinion, include all adjustments of a normal recurring nature necessary for the fair presentation of the periods presented. The results for interim periods are not necessarily indicative of the results to be expected for any subsequent period or for the year ending December 31, 2022.
These financial statements should be read in conjunction with our audited financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2021, as superseded by, and solely to the extent set forth in, our Current Report on Form 8-K filed on July 15, 2022 (collectively, the 2021 Form 10-K).
Prior Period Reclassifications
In the first quarter of 2022, we revised the presentation of revenue in our statements of operations, as described in Note 2. Reclassifications of certain other immaterial prior period amounts have been made to conform to the current period presentation.
Use of Estimates
GAAP requires us to make estimates and assumptions affecting amounts reported in our financial statements. We periodically evaluate our estimates and adjust prospectively, if necessary. We believe our estimates and assumptions are reasonable; however, actual results may differ.
Segments
Beginning in the first quarter of 2022, we revised the presentation of segment information to reflect changes in the way we manage and evaluate our business. As such, we report our operating results through two reportable segments: Applications and Commerce (A&C) and Core Platform (Core), as further discussed in Note 15. Accordingly, we have revised our segment information for the comparable prior year period.
v3.22.2.2
Summary of Significant Accounting Policies
 9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Summary of Significant Accounting Policies Summary of Significant Accounting Policies
Property and Equipment
Property and equipment, net by geography was as follows:
 September 30, 2022December 31, 2021
U.S.$163.8 $162.6 
France23.3 23.8 
All other international26.5 33.6 
$213.6 $220.0 
No other international country represented more than 10% of property and equipment, net in any period presented.
Derivative Financial Instruments
We are exposed to changes in foreign currency exchange rates, primarily relating to intercompany debt, the net assets of our foreign operations and sales transactions denominated in currencies other than the U.S. dollar, as well as to changes in interest rates as a result of our variable-rate debt. Consequently, we use derivative financial instruments to manage and mitigate such risks. We do not enter into derivative transactions for speculative or trading purposes.
We utilize a variety of derivative instruments and expect that each derivative instrument qualifying for hedge accounting will be highly effective at reducing the risk associated with the exposure being hedged. For each derivative instrument designated as a hedge, we formally document, at inception, the related risk management strategy and objective, including identification of the hedging instrument, the hedged item and the risk of exposure. In addition, we formally assess, both at the inception and at least quarterly thereafter, whether the financial instruments used in the hedging transactions are effective at offsetting changes in either the fair values or cash flows of the relating underlying exposures.
Our derivative instruments are recorded at fair value on a gross basis. For cash flow reporting purposes, proceeds received or amounts paid upon the settlement of a derivative instrument are classified in the same manner as the related item being hedged.
Cash Flow Hedges
We utilize a variety of derivative instruments designated as cash flow hedges:
•foreign exchange forward contracts to hedge certain forecasted sales transactions denominated in foreign currencies;
•cross-currency swaps used to manage variability due to movements in foreign currency exchange rates related to a Euro-denominated intercompany loan; and
•pay-fixed rate, receive-floating rate interest rate swaps to effectively convert portions of our variable-rate debt to fixed.
We reflect unrealized gains or losses on our cash flow hedges as components of accumulated other comprehensive income (loss) (AOCI). Gains and losses on these instruments are recorded as a component of AOCI until the underlying transaction is recorded in earnings. When the hedged item is realized, gains or losses are reclassified from AOCI to earnings within the same line items as the underlying transactions. At inception, and each reporting period, we evaluate the effectiveness of each of our hedges, and all hedges were determined to be effective.
Net Investment Hedges
We use cross-currency swaps to reduce the risk associated with exchange rate fluctuations on our net investments in certain foreign operations. Changes in the fair value of these derivative instruments are recorded in equity as a component of AOCI in the same manner as foreign currency translation adjustments (CTA). We elected to use the spot method to assess effectiveness of these derivatives. Under this method, changes in fair value of the hedging instruments attributed to changes in spot rates are initially recorded in the CTA component of AOCI and will remain there until the hedged net investments are sold or substantially liquidated. Changes in fair value of the hedging instruments other than those due to changes in the spot rate are initially recorded in the CTA component of AOCI and are amortized to interest expense using a systematic and rational method over the instruments' term.
See Note 10 for further discussion of our derivative instruments.
Revenue Recognition
In the first quarter of 2022, we revised the presentation of revenue in our statements of operations in order to provide better visibility into our business and products as well as a more consistent way to track our progress against our strategic objectives. This change also aligns our revenue presentation with the products in each of our two reportable segments, which are discussed in Note 15. Following this change, our revenue is categorized as follows:
Applications and Commerce. A&C revenue primarily consists of revenue from sales of products containing proprietary software such as Websites + Marketing and Managed WordPress and commerce products such as payment processing fees and point-of-sale (POS) hardware as well as sales of third-party email and productivity solutions such as Microsoft Office 365. A&C revenue also includes revenue from sales of products, such as website security products, when they are included in bundled offerings of our proprietary software products. Consideration is generally recorded as deferred revenue when received, which is typically at the time of sale, and revenue from most A&C products is recognized ratably over the period in which the performance obligations are satisfied, which is typically over the contract term. Payment processing fee revenue is recognized at the time of the transaction and revenue from the sale of POS hardware is recognized at the time when ownership is transferred to the customer.
Core Platform. Core revenue primarily consists of revenue from sales of domain registrations and renewals, aftermarket domain sales, website hosting products and website security products when not included in bundled offerings of our proprietary software products. Core revenue also includes revenue from sales of products not containing a software component such as professional web services as well as fee surcharges paid to ICANN. Consideration is generally recorded as deferred revenue when received, which is typically at the time of sale, and revenue from most Core products is recognized ratably over the period in which the performance obligations are satisfied, which is typically over the contract term. Aftermarket domain revenue is recognized at the time when ownership of the domain is transferred to the buyer.
The prior period statement of operations was revised to retrospectively present revenue in the new groupings as shown in the table below. There was no impact on total revenue, operating income, net income, deferred revenue or our statement of cash flows as a result of these revisions.
Three Months Ended September 30, 2021
Nine Months Ended September 30, 2021
As Previously Reported
Revenue:
Domains$453.2 $1,312.6 
Hosting and presence324.7 953.5 
Business applications186.1 530.3 
Total revenue$964.0 $2,796.4 
As Revised
Revenue:
Applications and commerce$289.6 $827.8 
Core platform674.4 1,968.6 
Total revenue$964.0 $2,796.4 
Disaggregated Revenue
Revenue by major product type was as follows:
 Three Months Ended September 30,
Nine Months Ended September 30,
 2022202120222021
Applications and commerce$326.0 $289.6 $946.3 $827.8 
Core platform: domains494.0 454.8 1,462.9 1,317.1 
Core platform: other213.2 219.6 642.2 651.5 
$1,033.2 $964.0 $3,051.4 $2,796.4 
No single customer represented over 10% of our total revenue for any period presented.
Revenue by geography is based on the customer's billing address and was as follows:
 Three Months Ended September 30,
Nine Months Ended September 30,
 2022202120222021
U.S.$700.6 $644.3 $2,058.2 $1,856.4 
International332.6 319.7 993.2 940.0 
$1,033.2 $964.0 $3,051.4 $2,796.4 
No international country represented more than 10% of total revenue in any period presented.
See Note 7 for information regarding our deferred revenue.
Assets Recognized from Contract Costs
Fees paid to various registries at the inception of a domain registration or renewal represent costs to fulfill a contract. We capitalize and amortize these prepaid domain name registry fees to cost of revenue consistent with the pattern of transfer of the product to which the asset relates. Amortization expense of such asset was $180.3 million and $171.4 million for the three months ended September 30, 2022 and 2021, respectively, and was $532.0 million and $500.0 million for the nine months ended September 30, 2022 and 2021, respectively.
Restructuring and other
Restructuring and other primarily represents charges recorded in connection with the impairment and gains and losses on disposition of certain assets.
Fair Value Measurements
The following tables set forth our material assets and liabilities measured and recorded at fair value on a recurring basis:
September 30, 2022
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Commercial paper$— $120.0 $— $120.0 
Money market funds and time deposits338.9 — — 338.9 
 Derivative assets— 336.7 — 336.7 
Total assets$338.9 $456.7 $— $795.6 
December 31, 2021
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Money market funds and time deposits$178.1 $— $— $178.1 
 Derivative assets— 30.3 — 30.3 
Total assets$178.1 $30.3 $— $208.4 
Liabilities:
 Derivative liabilities $— $89.5 $— $89.5 
Total liabilities$— $89.5 $— $89.5 
Recent Accounting Pronouncements
In October 2021, the FASB issued final guidance changing the measurement of acquired liabilities from contracts with customers in a business combination. The new guidance requires the recognition of contract liabilities at amounts generally consistent with those recorded by the acquiree immediately before the acquisition date. Under existing guidance, contract liabilities are measured at fair value, which generally results in a reduction to acquired contract liabilities and therefore lower revenue recognized during the post-acquisition period. We early adopted the new guidance on January 1, 2022.
v3.22.2.2
Business Acquisitions
 9 Months Ended
Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]  
Business Acquisitions Business Acquisitions
In July 2022, we completed an acquisition for net cash consideration of $69.6 million. The acquisition was not material to our results of operations.
The aggregate purchase price was preliminarily allocated based upon our assessment of acquisition-date fair values with $56.3 million allocated to goodwill, none of which is tax deductible, $17.6 million to identified finite-lived intangible assets and $4.3 million of net liabilities assumed. The identified finite-lived intangible assets, which primarily consist of developed
technology and customer relationships, were valued using an income-based approach and have a total weighted-average amortization period of 3.3 years.
The recognition of goodwill was made based on the strategic benefits we expect to realize from the acquisition. During the measurement period, which will not exceed one year from each closing, we will continue to obtain information to assist us in finalizing the acquisition-date fair values. Any qualifying changes to our preliminary estimates will be recorded as adjustments to the respective assets and liabilities, with any residual amounts allocated to goodwill.
v3.22.2.2
Goodwill and Intangible Assets
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
As described in Note 15, beginning in the first quarter of 2022, we revised the presentation of segment information to reflect changes in the way we manage and evaluate our business. As such, we now have two operating segments, which are also our reporting units. We evaluated the goodwill of each reporting unit for impairment immediately before and after this change; no impairment was identified.
The following table summarizes changes in our goodwill balance by segment:
A&CCoreTotal
Balance at December 31, 2021$1,522.5 $2,018.3 $3,540.8 
Goodwill related to acquisitions— 56.3 56.3 
Impact of foreign currency translation(65.5)(87.8)(153.3)
Purchase accounting adjustments related to prior period acquisitions6.2 8.3 14.5 
Balance at September 30, 2022$1,463.2 $1,995.1 $3,458.3 
Intangible assets, net are summarized as follows:
September 30, 2022
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio244.1 n/a244.1 
Contractual-based assets256.8 n/a256.8 
Finite-lived intangible assets:
Customer-related455.5 $(274.6)180.9 
Developed technology238.0 (154.1)83.9 
Trade names and other105.1 (48.9)56.2 
$1,744.5 $(477.6)$1,266.9 
 December 31, 2021
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio246.8 n/a246.8 
Contractual-based assets253.8 n/a253.8 
Finite-lived intangible assets:
Customer-related535.1 $(279.3)255.8 
Developed technology243.5 (133.1)110.4 
Trade names and other118.4 (45.5)72.9 
$1,842.6 $(457.9)$1,384.7 
Amortization expense was $31.8 million and $32.6 million for the three months ended September 30, 2022 and 2021, respectively, and was $96.7 million and $94.7 million for the nine months ended September 30, 2022 and 2021, respectively. As of September 30, 2022, the weighted-average remaining amortization period for amortizable intangible assets was 40 months for customer-related, 32 months for developed technology and 57 months for trade names and other, and was 41 months in total.
Based on the balance of finite-lived intangible assets as of September 30, 2022, expected future amortization expense is as follows:
Year Ending December 31:
2022 (remainder of)$31.4 
2023101.3 
202481.6 
202574.3 
202624.8 
Thereafter7.6 
$321.0 
v3.22.2.2
Stockholders' Equity
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Share Repurchases
In January 2022, our Board approved the repurchase of up to an additional $2,251.0 million of our Class A common stock. Such approval was in addition to the amount remaining available for repurchases under prior Board approvals, such that we have authority to repurchase up to $3,000.0 million of our Class A common stock. Shares may be repurchased in open market purchases, block transactions and privately negotiated transactions, in accordance with applicable federal securities laws. This authorization has no time limits, does not obligate us to make any repurchases and may be modified, suspended or terminated by us at any time without prior notice.
In February 2022, we entered into accelerated share repurchase agreements (ASRs) to repurchase shares of our Class A common stock in exchange for an up-front aggregate payment of $750.0 million. The total number of shares ultimately delivered under the ASRs, and therefore the average repurchase price paid per share, were determined based on the volume weighted-average price of our stock during the purchase period. The shares received were retired at the time of delivery and the up-front payment was accounted for as a charge to accumulated deficit. The ASRs are forward contracts indexed to our Class A common stock and met all of the applicable criteria for equity classification; therefore, they were not accounted for as derivative instruments. The ASRs were completed in May 2022 and we repurchased a total of 9,202 shares of our Class A common stock at an average price of $81.50 per share under these arrangements. Expenses incurred in connection with the ASRs were recorded as a charge to accumulated deficit.
In addition to the ASRs discussed above, during the nine months ended September 30, 2022, we also repurchased a total of 4,855 shares, of our Class A common stock in the open market, which were retired upon repurchase, for an aggregate purchase price of $345.9 million.
As of September 30, 2022, we had $1,904.1 million of remaining authorization available for repurchases.
v3.22.2.2
Equity-Based Compensation Plans
 9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Equity-Based Compensation Plans Equity-Based Compensation Plans
Equity Plans
On March 31, 2015, we adopted the 2015 Equity Incentive Plan (the 2015 Plan). On January 1, 2022, an additional 6,689 shares of our Class A common stock were reserved for issuance pursuant to the automatic increase provisions of the 2015 Equity Incentive Plan. As of September 30, 2022, 34,450 shares were available for issuance as future awards under the plan.
On March 31, 2015, we adopted the 2015 Employee Stock Purchase Plan (the ESPP). On January 1, 2022, an additional 1,000 shares of our Class A common stock were reserved for issuance pursuant to the automatic increase provisions of the ESPP. As of September 30, 2022, 5,290 shares were available for issuance under the plan.
Equity Plan Activity
We have granted stock options at exercise prices equal to the fair market value of our Class A common stock on the grant date. We have granted both stock options and restricted stock awards (RSUs) vesting solely upon the continued service of the recipient as well as performance-based awards (PSUs) with vesting based on either (i) our achievement of financial targets or (ii) our relative total stockholder return (TSR) as compared to an index of public internet companies. We recognize the accounting grant date fair value of equity-based awards as compensation expense over the required service period of each award, taking into account the probability of our achievement of associated performance targets. Compensation expense for TSR-based PSUs is recognized regardless of whether the TSR market condition is satisfied.
The following table summarizes stock option activity:
Number of
Shares of Class A Common Stock (#)		Weighted-
Average
Exercise
Price Per Share ($)
Outstanding at December 31, 2021
1,999 42.94 
Exercised(498)37.79 
Forfeited(36)72.92 
Outstanding at September 30, 2022
1,465 43.94 
Vested at September 30, 2022
1,353 41.99 
The following table summarizes stock award activity:
Number of
Shares of Class A Common Stock (#)
Outstanding at December 31, 20216,766 
Granted: RSUs4,060 
Granted: TSR-based PSUs246 
Vested(2,051)
Forfeited(915)
Outstanding at September 30, 2022(1)
8,106 
_________________________________
(1)Includes financial-based PSUs for which performance targets have not yet been established, and which are not yet considered granted for accounting purposes. The balance of outstanding awards is comprised of the following:
Number of
Shares of Class A Common Stock (#)		Weighted-Average Grant-Date Fair Value Per Share ($)
RSUs7,357 79.89
TSR-based PSUs683 120.85
Financial-based PSUs granted for accounting purposes41 82.52
Financial-based PSUs not yet granted for accounting purposes25 N/A
Outstanding at September 30, 20228,106 
As of September 30, 2022, total unrecognized compensation expense related to non-vested equity grants was $445.3 million with an expected remaining weighted-average recognition period of 2.5 years, which excludes PSUs not yet considered granted for accounting purposes.
v3.22.2.2
Deferred Revenue
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Deferred Revenue Deferred Revenue
Deferred revenue consisted of the following:
September 30, 2022December 31, 2021
Current:
A&C$630.2 $568.0 
Core1,345.0 1,322.1 
$1,975.2 $1,890.1 
Noncurrent:
A&C$175.4 $187.3 
Core598.2 556.0 
$773.6 $743.3 
The increase in deferred revenue is primarily driven by payments received in advance of satisfying our performance obligations, offset by $437.9 million and $1,751.9 million of revenue recognized during the three and nine months ended September 30, 2022, which was included in deferred revenue as of December 31, 2021. Deferred revenue as of September 30, 2022 represents our aggregate remaining performance obligations that will be recognized as revenue over the period in which the performance obligations are satisfied, and is expected to be recognized as revenue as follows:
Remainder of 2022
2023202420252026ThereafterTotal
A&C$253.3 $412.9 $99.4 $27.9 $6.8 $5.3 $805.6 
Core506.5 944.5 262.0 98.1 56.9 75.2 1,943.2 
$759.8 $1,357.4 $361.4 $126.0 $63.7 $80.5 $2,748.8 
v3.22.2.2
Accrued Expenses and Other Current Liabilities
 9 Months Ended
Sep. 30, 2022
Payables and Accruals [Abstract]  
Accrued Expenses and Other Current Liabilities Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following:
September 30, 2022December 31, 2021
Accrued payroll and employee benefits$113.4 $124.2 
Tax-related accruals43.7 35.6 
Current portion of operating lease liabilities33.4 36.9 
Accrued acquisition-related expenses and acquisition consideration payable27.0 24.5 
Accrued legal and professional31.7 23.2 
Accrued marketing and advertising19.8 22.9 
Derivative liabilities— 89.5 
Other82.6 80.5 
$351.6 $437.3 
v3.22.2.2
Long-Term Debt
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
Long-term debt consisted of the following:
 Maturity DateSeptember 30, 2022December 31, 2021
2024 Term Loans (effective interest rate of 3.2% at September 30, 2022 and 2.3% at December 31, 2021)
February 15, 2024$1,763.7 $1,782.4 
2027 Term Loans (effective interest rate of 3.6% at September 30, 2022 and 2.4% at December 31, 2021)
August 10, 2027733.1 738.8 
2027 Senior Notes (effective interest rate of 5.4% at September 30, 2022 and December 31, 2021)
December 1, 2027600.0 600.0 
2029 Senior Notes (effective interest rate of 3.6% at September 30, 2022 and December 31, 2021)
March 1, 2029800.0 800.0 
Revolver
February 15, 2024— — 
Total3,896.8 3,921.2 
Less: unamortized original issue discount and debt issuance costs(1)
(29.5)(38.9)
Less: current portion of long-term debt(24.4)(24.1)
$3,842.9 $3,858.2 
_________________________________
(1)Original issue discount and debt issuance costs are amortized to interest expense over the life of the related debt instruments using the interest method.
Credit Facility
As described in our 2021 Form 10-K, our secured credit agreement (the Credit Facility) includes two tranches of term loans (the 2024 Term Loans and the 2027 Term Loans, collectively the Term Loans) and a revolving credit facility (the Revolver). A portion of the Term Loans is hedged by interest rate swap arrangements, as discussed in Note 10.
As of September 30, 2022, we had $600.0 million available for borrowing under the Revolver and were not in violation of any covenants of the Credit Facility.
Senior Notes
As described in our 2021 Form 10-K, we have completed two offerings of senior notes (the 2027 Senior Notes and the 2029 Senior Notes, collectively the Senior Notes).
As of September 30, 2022, we were not in violation of any covenants of the Senior Notes.
Fair Value
The estimated fair values of our long-term debt instruments are based on observable market prices for these loans, which are traded in less active markets and therefore classified as Level 2 fair value measurements, and were as follows as of September 30, 2022:
2024 Term Loans$1,748.3 
2027 Term Loans$712.9 
2027 Senior Notes$554.9 
2029 Senior Notes$653.3 
Future Debt Maturities
Aggregate principal payments, exclusive of any unamortized original issue discount and debt issuance costs, due on long-term debt as of September 30, 2022 were as follows:
Year Ending December 31:
2022 (remainder of)$8.1 
202332.5 
20241,740.0 
20257.5 
20267.5 
Thereafter2,101.2 
$3,896.8 
v3.22.2.2
Derivatives and Hedging
 9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Derivatives and Hedging Derivatives and Hedging
We utilize the following derivative instruments designated as cash flow hedges:
•foreign exchange forward contracts to hedge certain forecasted sales transactions denominated in foreign currencies;
•cross-currency swaps used to manage variability due to movements in foreign currency exchange rates related to a Euro-denominated intercompany loan; and
•pay-fixed rate, receive-floating rate interest rate swaps to effectively convert portions of our variable-rate debt to fixed.
We also utilize cross-currency swaps designated as net investment hedges to mitigate the risk associated with exchange rate fluctuations on our net investment in certain foreign operations.
The following table summarizes our outstanding derivative instruments on a gross basis, all of which are considered Level 2 financial instruments:
Notional Amount
Fair Value of Derivative Assets(2)
Fair Value of Derivative Liabilities(2)
 September 30, 2022December 31, 2021September 30, 2022December 31, 2021September 30, 2022December 31, 2021
Cash flow hedges:
Foreign exchange forward contracts$359.7 $360.3 $34.2 $5.6 $— $1.0 
Cross-currency swaps(1)
504.8 1,346.8 51.3 — — 80.9 
Interest rate swaps1,985.7 2,001.2 185.9 24.7 — 7.6 
Net investment hedges:
Cross-currency swaps(1)
647.0 — 65.3 — — — 
Total hedges$3,497.2 $3,708.3 $336.7 $30.3 $— $89.5 
_________________________________
(1)The notional values of the cross-currency swaps have been translated from Euros to U.S. dollars at the foreign currency rates in effect of approximately 0.98 and 1.14 as of September 30, 2022 and December 31, 2021, respectively.
(2)In our balance sheets, all derivative assets are recorded within prepaid expenses and other current assets and all derivative liabilities are recorded within accrued expenses and other current liabilities.
The following table summarizes the effect of our hedging relationships on AOCI:
Unrealized Gains (Losses) Recognized in Other Comprehensive Income
 Three Months EndedNine Months Ended
September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Cash flow hedges:
Foreign exchange forward contracts(1)
$24.2 $11.0 $48.0 $14.0 
Cross-currency swaps(0.5)(5.3)42.9 (10.8)
Interest rate swaps78.2 10.2 171.3 35.5 
Net investment hedges:
Cross-currency swaps43.7 — 65.3 — 
Total hedges$145.6 $15.9 $327.5 $38.7 
_________________________________
(1)Amounts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
The following tables summarize the locations and amounts of gains (losses) recognized within earnings related to our hedging relationships:
Three Months Ended September 30, 2022Three Months Ended September 30, 2021
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Cash flow hedges:
Foreign exchange forward contracts:
Reclassified from AOCI into income$2.3 $— $— $(2.8)$— $— 
Cross-currency swaps:
Reclassified from AOCI into income(1)
— 2.7 35.2 — 6.8 33.2 
Interest rate swaps:
Reclassified from AOCI into income— 2.4 — — (8.8)— 
Net investment hedges:
Cross-currency swaps:
Reclassified from AOCI into income— 3.6 — — — — 
Total hedges$2.3 $8.7 $35.2 $(2.8)$(2.0)$33.2 
_________________________________
(1)The amounts reflected in other income (expense), net include $(34.9) million and $(33.5) million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by cross-currency swaps during the three months ended September 30, 2022 and 2021, respectively.
Nine Months Ended September 30, 2022Nine Months Ended September 30, 2021
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Cash flow hedges:
Foreign exchange forward contracts:
Reclassified from AOCI into income$0.9 $— $— $(6.2)$— $— 
Cross-currency swaps:
Reclassified from AOCI into income(1)
— 12.3 88.0 — 20.1 76.2 
Interest rate swaps:
Reclassified from AOCI into income— (13.6)— — (26.1)— 
Net investment hedges:
Cross-currency swaps:
Reclassified from AOCI into income— 7.9 — — — — 
Total hedges$0.9 $6.6 $88.0 $(6.2)$(6.0)$76.2 
_________________________________
(1)The amounts reflected in other income (expense), net include $(87.8) million and $(77.2) million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by the cross-currency swaps during the nine months ended September 30, 2022 and 2021, respectively.
As of September 30, 2022, we estimate that $62.8 million of net deferred gains related to our designated hedges will be recognized in earnings over the next 12 months. No amounts have been excluded from our hedge effectiveness testing.
Risk Management Strategies
Foreign Exchange Forward Contracts
From time-to-time, we may enter into foreign exchange forward contracts with financial institutions to hedge certain forecasted sales transactions denominated in foreign currencies. We designate these forward contracts as cash flow hedges, which are recognized as either assets or liabilities at fair value. At September 30, 2022, all such contracts had maturities of 18 months or less.
Cross-Currency Swaps
In April 2017, in order to manage variability due to movements in foreign currency rates related to a Euro-denominated intercompany loan, we entered into five-year cross-currency swaps. In March 2022, we entered into a transaction to extend the maturity of these swaps to August 31, 2027. We and the existing counterparties executed cancellation agreements to terminate all rights, obligations and liabilities associated with the original swaps. On the modification date, the existing cash flow hedging relationships were de-designated and new hedging relationships incorporating the terms of the new swaps (the 2022 Cross-Currency Swaps) were designated as either cash flow hedging relationships or net investment hedging relationships. The 2022 Cross-Currency Swaps had an aggregate amortizing notional amount of €1,184.2 million at inception (approximately $1,262.5 million). The swaps designated as cash flow hedging relationships convert the 3.00% fixed rate Euro-denominated interest and principal receipts on the intercompany loan into U.S. dollar interest and principal receipts at a fixed rate of 4.81%. The swaps designated as net investment hedging relationships hedge the foreign currency exposure of our net investment in certain Euro denominated functional currency subsidiaries. Pursuant to the contracts, the Euro notional value will be exchanged for the U.S. dollar notional value at maturity.
Interest Rate Swaps
In April 2017, we entered into a five-year pay-fixed rate, receive-floating rate interest rate swap arrangement to effectively convert a portion of the variable-rate borrowings under the 2024 Term Loans to a fixed rate of 5.44%. In March 2022, we entered into a transaction to extend the maturity of the swaps to August 31, 2027. We and the existing counterparties executed cancellation agreements to terminate all rights, obligations and liabilities associated with the original swaps. On the modification date, the existing cash flow hedging relationships were de-designated and new hedging relationships incorporating the terms of the new interest rate swaps (the 2022 Interest Rate Swaps) were designated. The 2022 Interest Rate Swaps, which had an amortizing notional amount of $1,262.5 million at inception, serve to convert a portion of the variable-rate borrowings under the 2024 Term Loans to a fixed rate of 4.81%.
In August 2020, in conjunction with the issuance of the 2027 Term Loans, we entered into seven-year pay-fixed rate, receive-floating rate interest rate swaps to effectively convert the variable one-month LIBOR interest rate on the 2027 Term Loans borrowings to a fixed rate of 0.705%. These interest rate swaps, which mature on August 10, 2027, had an aggregate notional amount of $750.0 million at inception.
The objective of these arrangements, which are designated as cash flow hedges and recognized as assets or liabilities at fair value, is to manage the variability of cash flows in the interest payments related to the portion of the variable-rate debt designated as being hedged. The unrealized gains and losses on the swaps are included in AOCI and will be recognized in earnings within or against interest expense when the hedged interest payments are accrued each month.
v3.22.2.2
Leases
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Leases Leases
Our operating leases primarily consist of office and data center space expiring at various dates through November 2036. Certain leases include options to renew or terminate at our discretion. Our lease agreements do not contain any material residual value guarantees or material restrictive covenants. As of September 30, 2022, operating leases have a remaining weighted average lease term of 7.1 years and our operating lease liabilities were measured using a weighted average discount rate of 5.2%.
The components of operating lease expense were as follows:
Three Months EndedNine Months Ended
 September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Operating lease costs$11.9 $12.1 $34.3 $36.4 
Variable lease costs3.8 2.6 8.8 7.4 
Sublease income(2.5)(1.0)(6.2)(2.6)
$13.2 $13.7 $36.9 $41.2 
v3.22.2.2
Commitments and Contingencies
 9 Months Ended
Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]  
Commitments and Contingencies Commitments and Contingencies
Litigation
From time-to-time, we are a party to litigation and subject to claims incident to the ordinary course of business, including intellectual property claims, putative and certified class actions, commercial and consumer protection claims, labor and employment claims, breach of contract claims and other asserted and unasserted claims. We investigate claims as they arise and accrue estimates for resolution of legal and other contingencies when losses are probable and estimable.
As described in our 2021 Form 10-K, as of December 31, 2021, we had accrued $8.1 million as our estimated loss provision related to the settlement of certain class action complaints alleging violation of the Telephone Consumer Protection Act of 1991. On January 19, 2021, a single objector to the settlement filed a notice of appeal to the 11th Circuit Court of Appeals (the 11th Circuit). On July 27, 2022, the 11th Circuit vacated the settlement approval order and remanded the case for further action due to standing issues among the class members. On August 18, 2022, the plaintiffs filed a petition for a rehearing before the 11th Circuit, which remains pending as of the date of this filing. Given the pending nature of this petition, and the possibility for one or more parties to seek relief from the Supreme Court, the finality and/or impact of the July 27, 2022 decision is uncertain. As a result, we have not adjusted our estimated loss provision for this settlement as of September 30, 2022.
We have denied and continue to deny the allegations in the complaints. Nothing in the final settlement agreement shall be deemed to assign or reflect any admission of fault, wrongdoing or liability, or of the appropriateness of a class action in such litigation. We received a full release from the settlement class concerning the claims asserted, or that could have been asserted, with respect to the claims released in the final settlement agreement. Our legal fees associated with this matter have been recorded to general and administrative expense as incurred and were not material.
The amounts currently accrued for other matters are not material. While the results of such normal course claims and legal proceedings, regardless of the underlying nature of the claims, cannot be predicted with certainty, management believes, based on current knowledge and the likely timing of resolution of various matters, any additional reasonably possible potential losses above the amounts accrued for such matters would not be material. Regardless of the outcome, claims and legal proceedings may have an adverse effect on us because of defense costs, diversion of management resources and other factors. We may also receive unfavorable preliminary or interim rulings in the course of litigation, and there can be no assurances that favorable final outcomes will be obtained. The final outcome of any current or future claims or lawsuits could adversely affect our business, financial condition or results of operations.
Indirect Taxes
We are subject to indirect taxation in some, but not all, of the various states and foreign jurisdictions in which we conduct business. Laws and regulations attempting to subject communications and commerce conducted over the Internet to various indirect taxes are becoming more prevalent, both in the U.S. and internationally, and may impose additional burdens on us in the future. Increased regulation could negatively affect our business directly, as well as the businesses of our customers. Taxing authorities may impose indirect taxes on the Internet-related revenue we generate based on regulations currently being applied to similar, but not directly comparable, industries. There are many transactions and calculations where the ultimate indirect tax determination is uncertain. In addition, domestic and international indirect taxation laws are complex and subject to change. We may be audited in the future, which could result in changes to our indirect tax estimates. We continually evaluate those jurisdictions in which nexus exists, and believe we maintain adequate indirect tax accruals.
As of September 30, 2022 and December 31, 2021, our accrual for estimated indirect tax liabilities was $14.6 million and $8.2 million, respectively, reflecting our best estimate of the probable liability based on an analysis of our business activities, revenues subject to indirect taxes and applicable regulations. Although we believe our indirect tax estimates and associated liabilities are reasonable, the final determination of indirect tax audits, litigation or settlements could be materially different than the amounts established for indirect tax contingencies.
v3.22.2.2
Income Taxes
 9 Months Ended
Sep. 30, 2022
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
We are subject to U.S. federal, state and foreign income taxes with respect to our allocable share of any taxable income or loss of Desert Newco, as well as any stand-alone income or loss we generate. Desert Newco is treated as a partnership for U.S. income tax purposes, and for most applicable state and local income tax purposes, and generally does not pay income taxes in most jurisdictions. Instead, Desert Newco's taxable income or loss is passed through to its members, including us. Despite its partnership treatment, Desert Newco is liable for income taxes in certain foreign jurisdictions in which it operates, in those states not recognizing its pass-through status and for certain of its subsidiaries not taxed as pass-through entities. We have acquired the outstanding stock of various domestic and foreign entities taxed as corporations, which are now wholly-owned by us or our subsidiaries. Where required or allowed, these subsidiaries also file and pay tax as a consolidated group for U.S. federal and state income tax purposes and internationally, primarily within the United Kingdom (UK), Germany and India. We anticipate this structure to remain in existence for the foreseeable future.
Our effective tax rates differ from the U.S. federal statutory rate primarily due to changes in valuation allowances based on current year earnings as well as a discrete charge of $6.8 million for the nine months ended September 30, 2022 related to a change in entity tax status for one of our domestic corporations.
On August 16, 2022, the U.S. government enacted the Inflation Reduction Act (IRA Act), which is effective January 1, 2023 and contains provisions implementing a 15% minimum corporate income tax and a 1% excise tax on stock repurchases. While we are continuing to evaluate the impact of the IRA Act, at this time, we do not believe it will have a material impact on our consolidated financial statements.

In determining the need for a valuation allowance, we prepare quarterly estimates using historical and forecasted future operating results, based upon approved business plans, including a review of the eligible carryforward periods and tax planning strategies. Based primarily on the negative evidence outweighing the positive evidence as of September 30, 2022, including our
three year cumulative, consolidated GAAP loss, our historical tax losses and the difficulty in forecasting excess tax benefits related to equity-based compensation, we believe there is uncertainty as to when we will be able to utilize certain of our domestic net operating losses (NOLs), credit carryforwards and other deferred tax assets (DTAs). Therefore, we have recorded a valuation allowance against the DTAs for which we have concluded it is more-likely-than-not they will not be realized.
If our operating results continue to improve and our projections show continued utilization of tax attributes, we will consider that as significant positive evidence and our future reassessment may result in the determination that all or a portion of the valuation allowance is no longer required. If this were to occur, any reversal of the valuation allowance would result in a corresponding non-cash income tax benefit, thereby increasing total DTAs.
Uncertain Tax Positions
During the nine months ended September 30, 2022, we established a reserve for an uncertain tax position of $12.7 million relating to pre-acquisition tax periods for a previously-completed acquisition, of which $11.9 million was recorded as an increase to goodwill. The acquisition agreements provide indemnification related to pre-acquisition tax exposures in certain circumstances. As of September 30, 2022, we have not recorded any amounts related to such indemnification. There were no other material changes to our liabilities related to uncertain income tax positions.
The total amount of gross unrecognized tax benefits was $142.2 million as of September 30, 2022, of which $45.9 million, if fully recognized, would decrease our effective tax rate. Although we believe the amounts reflected in our tax returns substantially comply with applicable U.S. federal, state and foreign tax regulations, the respective taxing authorities may take contrary positions based on their interpretation of the law. A tax position successfully challenged by a taxing authority could result in an adjustment to our provision or benefit for income taxes in the period in which a final determination is made.
v3.22.2.2
Income Per Share
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Income Per Share Income Per ShareBasic income per share is computed by dividing net income attributable to GoDaddy Inc. by the weighted-average number of shares of Class A common stock outstanding during the period. Diluted income per share is computed giving effect to all potentially dilutive shares unless their effect is antidilutive.
A reconciliation of the numerator and denominator used in the calculation of basic and diluted income per share is as follows:
 Three Months Ended September 30,
Nine Months Ended September 30,
 2022202120222021
Numerator:
Net income$100.0 $97.7 $259.1 $155.4 
Less: net income attributable to non-controlling interests0.2 0.2 0.5 0.3 
Net income attributable to GoDaddy Inc.$99.8 $97.5 $258.6 $155.1 
Denominator:
Weighted-average shares of Class A common stock outstanding—basic156,393 167,542 160,150 168,387 
Effect of dilutive securities:
Class B common stock312 350 313 445 
Stock options616 1,047 712 1,229 
RSUs, PSUs and ESPP shares1,097 884 1,490 1,663 
Weighted-average shares of Class A Common stock outstanding—diluted158,418 169,823 162,665 171,724 
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic$0.64 $0.58 $1.61 $0.92 
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted(1):
$0.63 $0.58 $1.59 $0.90 
_________________________________
(1)The diluted income per share calculations exclude net income attributable to non-controlling interests unless the effect is antidilutive.
The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted income per share because the effect of including such potentially dilutive shares would have been antidilutive:
 Three Months Ended September 30,
Nine Months Ended September 30,
 2022202120222021
Stock options218 433 246 562 
RSUs, PSUs and ESPP shares520 761 2,557 619 
738 1,194 2,803 1,181 
Shares of Class B common stock are not participating securities, and therefore, do not have rights to share in our earnings. Accordingly, separate presentation of income per share of Class B common stock under the two-class method is not required. Each share of Class B common stock is exchangeable for one share of Class A common stock.
v3.22.2.2
Segment Information
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Segment Information Segment Information
Beginning in the first quarter of 2022, we revised the presentation of segment information to reflect changes in the way we manage and evaluate our business. Effective January 1, 2022, we report our operating results through two reportable segments: A&C and Core. Previously we had a single operating and reportable segment.
Our chief operating decision maker (CODM), which, as of September 30, 2022, was our Chief Executive Officer, evaluates segment performance based on several factors, including revenue and normalized earnings before interest, taxes, depreciation and amortization (NEBITDA). Segment NEBITDA is defined as net income excluding depreciation and amortization, equity-based compensation expense, interest expense (net) and provision or benefit for income taxes; in addition to these adjustments, we exclude, as they occur, acquisition-related expenses and certain other items, such as restructuring-related items and expenses related to non-ordinary course legal matters. In this way, we believe segment NEBITDA serves as a measure that can assist our CODM and our investors in comparing our performance on a consistent basis by removing the impact of certain items that we believe do not directly reflect our segments’ core operations.
Our CODM does not use assets by segment to evaluate performance or allocate resources; therefore, we do not provide disclosure of assets by segment. See Note 2 for property, plant, and equipment, net as well as revenue disaggregated by geography.
The A&C and Core segments provide a view into the product-focused organization of our business and generate revenue as follows:
•A&C primarily consists of sales of products containing proprietary software, commerce products and third-party email and productivity solutions as well as sales of certain products when they are included in bundled offerings of our proprietary software products.
•Core primarily consists of sales of domain registrations and renewals, aftermarket domain sales, website hosting products and website security products when not included in bundled offerings of our proprietary software products as well as sales of products not containing a software component.
There are no internal revenue transactions between our reportable segments.
Corporate overhead and other primarily includes general and administrative expenses and items not allocated to either segment as well as those costs specifically excluded from Segment NEBITDA, our segment measure of profitability, such as depreciation and amortization, interest expense and income and provision (benefit) for income taxes.
The following table presents our segment information for the periods indicated:
 Three Months Ended September 30,
Nine Months Ended September 30,
2022202120222021
Revenue:
A&C$326.0 $289.6 $946.3 $827.8 
Core707.2 674.4 2,105.1 1,968.6 
Total revenue$1,033.2 $964.0 $3,051.4 $2,796.4 
Segment NEBITDA:
A&C$135.6 $115.0 $387.2 $324.2 
Core202.1 173.9 578.9 481.7 
Corporate overhead and other(75.0)(61.2)(219.1)(187.7)
Depreciation and amortization(48.5)(50.7)(145.1)(149.7)
Equity-based compensation expense(65.4)(50.9)(193.3)(154.9)
Interest expense, net of interest income(32.1)(32.3)(98.9)(93.0)
Acquisition-related expenses(8.9)(10.3)(27.2)(65.9)
Restructuring and other(1)
(10.6)14.1 (21.9)7.4 
Income before income taxes97.2 97.6 260.6 162.1 
Benefit (provision) for income taxes2.8 0.1 (1.5)(6.7)
Net income$100.0 $97.7 $259.1 $155.4 
_________________________________
(1)Includes lease-related expenses associated with closed facilities and charges related to certain legal matters.
v3.22.2.2
Accumulated Other Comprehensive Income (Loss)
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Accumulated Other Comprehensive Income (Loss) Accumulated Other Comprehensive Income (Loss)
The following table presents AOCI activity in equity:
Foreign Currency Translation Adjustments
Net Unrealized Gains (Losses) on Cash Flow Hedges(1)
Total AOCI
Gross balance as of December 31, 2021(2)
$(52.9)$14.2 $(38.7)
Other comprehensive income (loss) before reclassifications(19.9)169.2 149.3 
Amounts reclassified from AOCI— 95.5 95.5 
Other comprehensive income (loss)(19.9)264.7 244.8 
$(72.8)$278.9 206.1 
Less: AOCI attributable to non-controlling interests(0.4)
Balance as of September 30, 2022$205.7 
Gross balance as of December 31, 2020(2)
$(98.8)$(32.8)$(131.6)
Other comprehensive income (loss) before reclassifications31.6 (27.1)4.5 
Amounts reclassified from AOCI— 64.0 64.0 
Other comprehensive income31.6 36.9 68.5 
$(67.2)$4.1 (63.1)
Less: AOCI attributable to non-controlling interests0.1 
Balance as of September 30, 2021$(63.0)
_________________________________
(1)Amounts shown for our foreign exchange forward contracts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
(2)Beginning balance is presented on a gross basis, excluding the allocation of AOCI attributable to non-controlling interests.
See Note 10 for the effect on net income of amounts reclassified from AOCI related to our hedging relationships.
v3.22.2.2
Subsequent Events
 9 Months Ended
Sep. 30, 2022
Subsequent Events [Abstract]  
Subsequent Events Subsequent Events
Credit Facility Refinancing
In October 2022, we announced the allocation of funding for a new term loan facility to refinance the 2024 Term Loans and to extend their maturity date to 2029 as well as to increase the borrowing capacity under our Revolver from $600.0 million to $1.0 billion under a new revolving credit facility maturing in 2027. The foregoing transactions are subject to finalized terms and customary closing conditions and are anticipated to close in the fourth quarter of 2022.
v3.22.2.2
Summary of Significant Accounting Policies (Policies)
 9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Basis of Presentation
Basis of Presentation
Our financial statements have been prepared in accordance with generally accepted accounting principles in the United States (GAAP) and include our accounts and the accounts of our subsidiaries. All material intercompany accounts and transactions have been eliminated.
Our interim financial statements are unaudited, and in our opinion, include all adjustments of a normal recurring nature necessary for the fair presentation of the periods presented. The results for interim periods are not necessarily indicative of the results to be expected for any subsequent period or for the year ending December 31, 2022.
These financial statements should be read in conjunction with our audited financial statements and related notes included in our Annual Report on Form 10-K for the year ended December 31, 2021, as superseded by, and solely to the extent set forth in, our Current Report on Form 8-K filed on July 15, 2022 (collectively, the 2021 Form 10-K).
Prior Period Reclassification
Prior Period Reclassifications
In the first quarter of 2022, we revised the presentation of revenue in our statements of operations, as described in Note 2. Reclassifications of certain other immaterial prior period amounts have been made to conform to the current period presentation.
Use of Estimates
Use of Estimates
GAAP requires us to make estimates and assumptions affecting amounts reported in our financial statements. We periodically evaluate our estimates and adjust prospectively, if necessary. We believe our estimates and assumptions are reasonable; however, actual results may differ.
Segments
Segments
Beginning in the first quarter of 2022, we revised the presentation of segment information to reflect changes in the way we manage and evaluate our business. As such, we report our operating results through two reportable segments: Applications and Commerce (A&C) and Core Platform (Core), as further discussed in Note 15. Accordingly, we have revised our segment information for the comparable prior year period.
Derivative Financial Instruments
Derivative Financial Instruments
We are exposed to changes in foreign currency exchange rates, primarily relating to intercompany debt, the net assets of our foreign operations and sales transactions denominated in currencies other than the U.S. dollar, as well as to changes in interest rates as a result of our variable-rate debt. Consequently, we use derivative financial instruments to manage and mitigate such risks. We do not enter into derivative transactions for speculative or trading purposes.
We utilize a variety of derivative instruments and expect that each derivative instrument qualifying for hedge accounting will be highly effective at reducing the risk associated with the exposure being hedged. For each derivative instrument designated as a hedge, we formally document, at inception, the related risk management strategy and objective, including identification of the hedging instrument, the hedged item and the risk of exposure. In addition, we formally assess, both at the inception and at least quarterly thereafter, whether the financial instruments used in the hedging transactions are effective at offsetting changes in either the fair values or cash flows of the relating underlying exposures.
Our derivative instruments are recorded at fair value on a gross basis. For cash flow reporting purposes, proceeds received or amounts paid upon the settlement of a derivative instrument are classified in the same manner as the related item being hedged.
Cash Flow Hedges
We utilize a variety of derivative instruments designated as cash flow hedges:
•foreign exchange forward contracts to hedge certain forecasted sales transactions denominated in foreign currencies;
•cross-currency swaps used to manage variability due to movements in foreign currency exchange rates related to a Euro-denominated intercompany loan; and
•pay-fixed rate, receive-floating rate interest rate swaps to effectively convert portions of our variable-rate debt to fixed.
We reflect unrealized gains or losses on our cash flow hedges as components of accumulated other comprehensive income (loss) (AOCI). Gains and losses on these instruments are recorded as a component of AOCI until the underlying transaction is recorded in earnings. When the hedged item is realized, gains or losses are reclassified from AOCI to earnings within the same line items as the underlying transactions. At inception, and each reporting period, we evaluate the effectiveness of each of our hedges, and all hedges were determined to be effective.
Net Investment Hedges
We use cross-currency swaps to reduce the risk associated with exchange rate fluctuations on our net investments in certain foreign operations. Changes in the fair value of these derivative instruments are recorded in equity as a component of AOCI in the same manner as foreign currency translation adjustments (CTA). We elected to use the spot method to assess effectiveness of these derivatives. Under this method, changes in fair value of the hedging instruments attributed to changes in spot rates are initially recorded in the CTA component of AOCI and will remain there until the hedged net investments are sold or substantially liquidated. Changes in fair value of the hedging instruments other than those due to changes in the spot rate are initially recorded in the CTA component of AOCI and are amortized to interest expense using a systematic and rational method over the instruments' term.
See Note 10 for further discussion of our derivative instruments.
Revenue Recognition
Revenue Recognition
In the first quarter of 2022, we revised the presentation of revenue in our statements of operations in order to provide better visibility into our business and products as well as a more consistent way to track our progress against our strategic objectives. This change also aligns our revenue presentation with the products in each of our two reportable segments, which are discussed in Note 15. Following this change, our revenue is categorized as follows:
Applications and Commerce. A&C revenue primarily consists of revenue from sales of products containing proprietary software such as Websites + Marketing and Managed WordPress and commerce products such as payment processing fees and point-of-sale (POS) hardware as well as sales of third-party email and productivity solutions such as Microsoft Office 365. A&C revenue also includes revenue from sales of products, such as website security products, when they are included in bundled offerings of our proprietary software products. Consideration is generally recorded as deferred revenue when received, which is typically at the time of sale, and revenue from most A&C products is recognized ratably over the period in which the performance obligations are satisfied, which is typically over the contract term. Payment processing fee revenue is recognized at the time of the transaction and revenue from the sale of POS hardware is recognized at the time when ownership is transferred to the customer.
Core Platform. Core revenue primarily consists of revenue from sales of domain registrations and renewals, aftermarket domain sales, website hosting products and website security products when not included in bundled offerings of our proprietary software products. Core revenue also includes revenue from sales of products not containing a software component such as professional web services as well as fee surcharges paid to ICANN. Consideration is generally recorded as deferred revenue when received, which is typically at the time of sale, and revenue from most Core products is recognized ratably over the period in which the performance obligations are satisfied, which is typically over the contract term. Aftermarket domain revenue is recognized at the time when ownership of the domain is transferred to the buyer.
Assets Recognized from Contract CostsFees paid to various registries at the inception of a domain registration or renewal represent costs to fulfill a contract. We capitalize and amortize these prepaid domain name registry fees to cost of revenue consistent with the pattern of transfer of the product to which the asset relates.
Recent Accounting Pronouncements
Recent Accounting Pronouncements
In October 2021, the FASB issued final guidance changing the measurement of acquired liabilities from contracts with customers in a business combination. The new guidance requires the recognition of contract liabilities at amounts generally consistent with those recorded by the acquiree immediately before the acquisition date. Under existing guidance, contract liabilities are measured at fair value, which generally results in a reduction to acquired contract liabilities and therefore lower revenue recognized during the post-acquisition period. We early adopted the new guidance on January 1, 2022.
v3.22.2.2
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2022
Accounting Policies [Abstract]  
Property and Equipment, Net by Geography Property and equipment, net by geography was as follows:
 September 30, 2022December 31, 2021
U.S.$163.8 $162.6 
France23.3 23.8 
All other international26.5 33.6 
$213.6 $220.0 
Schedule of Prior Period Revisions
The prior period statement of operations was revised to retrospectively present revenue in the new groupings as shown in the table below. There was no impact on total revenue, operating income, net income, deferred revenue or our statement of cash flows as a result of these revisions.
Three Months Ended September 30, 2021
Nine Months Ended September 30, 2021
As Previously Reported
Revenue:
Domains$453.2 $1,312.6 
Hosting and presence324.7 953.5 
Business applications186.1 530.3 
Total revenue$964.0 $2,796.4 
As Revised
Revenue:
Applications and commerce$289.6 $827.8 
Core platform674.4 1,968.6 
Total revenue$964.0 $2,796.4 
Revenue by Product Type Revenue by major product type was as follows:
 Three Months Ended September 30,
Nine Months Ended September 30,
 2022202120222021
Applications and commerce$326.0 $289.6 $946.3 $827.8 
Core platform: domains494.0 454.8 1,462.9 1,317.1 
Core platform: other213.2 219.6 642.2 651.5 
$1,033.2 $964.0 $3,051.4 $2,796.4 
Revenue by Geography Revenue by geography is based on the customer's billing address and was as follows:
 Three Months Ended September 30,
Nine Months Ended September 30,
 2022202120222021
U.S.$700.6 $644.3 $2,058.2 $1,856.4 
International332.6 319.7 993.2 940.0 
$1,033.2 $964.0 $3,051.4 $2,796.4 
Fair Value of Assets and Liabilities Measured on a Recurring Basis
The following tables set forth our material assets and liabilities measured and recorded at fair value on a recurring basis:
September 30, 2022
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Commercial paper$— $120.0 $— $120.0 
Money market funds and time deposits338.9 — — 338.9 
 Derivative assets— 336.7 — 336.7 
Total assets$338.9 $456.7 $— $795.6 
December 31, 2021
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Money market funds and time deposits$178.1 $— $— $178.1 
 Derivative assets— 30.3 — 30.3 
Total assets$178.1 $30.3 $— $208.4 
Liabilities:
 Derivative liabilities $— $89.5 $— $89.5 
Total liabilities$— $89.5 $— $89.5 
v3.22.2.2
Goodwill and Intangible Assets (Tables)
 9 Months Ended
Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]  
Schedule of Goodwill The following table summarizes changes in our goodwill balance by segment:
A&CCoreTotal
Balance at December 31, 2021$1,522.5 $2,018.3 $3,540.8 
Goodwill related to acquisitions— 56.3 56.3 
Impact of foreign currency translation(65.5)(87.8)(153.3)
Purchase accounting adjustments related to prior period acquisitions6.2 8.3 14.5 
Balance at September 30, 2022$1,463.2 $1,995.1 $3,458.3 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets, net are summarized as follows:
September 30, 2022
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio244.1 n/a244.1 
Contractual-based assets256.8 n/a256.8 
Finite-lived intangible assets:
Customer-related455.5 $(274.6)180.9 
Developed technology238.0 (154.1)83.9 
Trade names and other105.1 (48.9)56.2 
$1,744.5 $(477.6)$1,266.9 
 December 31, 2021
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio246.8 n/a246.8 
Contractual-based assets253.8 n/a253.8 
Finite-lived intangible assets:
Customer-related535.1 $(279.3)255.8 
Developed technology243.5 (133.1)110.4 
Trade names and other118.4 (45.5)72.9 
$1,842.6 $(457.9)$1,384.7 
Schedule of Finite-Lived Intangible Assets
Intangible assets, net are summarized as follows:
September 30, 2022
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio244.1 n/a244.1 
Contractual-based assets256.8 n/a256.8 
Finite-lived intangible assets:
Customer-related455.5 $(274.6)180.9 
Developed technology238.0 (154.1)83.9 
Trade names and other105.1 (48.9)56.2 
$1,744.5 $(477.6)$1,266.9 
 December 31, 2021
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio246.8 n/a246.8 
Contractual-based assets253.8 n/a253.8 
Finite-lived intangible assets:
Customer-related535.1 $(279.3)255.8 
Developed technology243.5 (133.1)110.4 
Trade names and other118.4 (45.5)72.9 
$1,842.6 $(457.9)$1,384.7 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense Based on the balance of finite-lived intangible assets as of September 30, 2022, expected future amortization expense is as follows:
Year Ending December 31:
2022 (remainder of)$31.4 
2023101.3 
202481.6 
202574.3 
202624.8 
Thereafter7.6 
$321.0 
v3.22.2.2
Equity-Based Compensation Plans (Tables)
 9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Award Activity
The following table summarizes stock option activity:
Number of
Shares of Class A Common Stock (#)		Weighted-
Average
Exercise
Price Per Share ($)
Outstanding at December 31, 2021
1,999 42.94 
Exercised(498)37.79 
Forfeited(36)72.92 
Outstanding at September 30, 2022
1,465 43.94 
Vested at September 30, 2022
1,353 41.99 
The following table summarizes stock award activity:
Number of
Shares of Class A Common Stock (#)
Outstanding at December 31, 20216,766 
Granted: RSUs4,060 
Granted: TSR-based PSUs246 
Vested(2,051)
Forfeited(915)
Outstanding at September 30, 2022(1)
8,106 
_________________________________
(1)Includes financial-based PSUs for which performance targets have not yet been established, and which are not yet considered granted for accounting purposes. The balance of outstanding awards is comprised of the following:
Number of
Shares of Class A Common Stock (#)		Weighted-Average Grant-Date Fair Value Per Share ($)
RSUs7,357 79.89
TSR-based PSUs683 120.85
Financial-based PSUs granted for accounting purposes41 82.52
Financial-based PSUs not yet granted for accounting purposes25 N/A
Outstanding at September 30, 20228,106 
v3.22.2.2
Deferred Revenue (Tables)
 9 Months Ended
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]  
Composition of Deferred Revenue Deferred revenue consisted of the following:
September 30, 2022December 31, 2021
Current:
A&C$630.2 $568.0 
Core1,345.0 1,322.1 
$1,975.2 $1,890.1 
Noncurrent:
A&C$175.4 $187.3 
Core598.2 556.0 
$773.6 $743.3 
Expected Recognition of Deferred Revenue Deferred revenue as of September 30, 2022 represents our aggregate remaining performance obligations that will be recognized as revenue over the period in which the performance obligations are satisfied, and is expected to be recognized as revenue as follows:
Remainder of 2022
2023202420252026ThereafterTotal
A&C$253.3 $412.9 $99.4 $27.9 $6.8 $5.3 $805.6 
Core506.5 944.5 262.0 98.1 56.9 75.2 1,943.2 
$759.8 $1,357.4 $361.4 $126.0 $63.7 $80.5 $2,748.8 
v3.22.2.2
Accrued Expenses and Other Current Liabilities (Tables)
 9 Months Ended
Sep. 30, 2022
Payables and Accruals [Abstract]  
Composition of Accrued Expenses and Other Current Liabilities Accrued expenses and other current liabilities consisted of the following:
September 30, 2022December 31, 2021
Accrued payroll and employee benefits$113.4 $124.2 
Tax-related accruals43.7 35.6 
Current portion of operating lease liabilities33.4 36.9 
Accrued acquisition-related expenses and acquisition consideration payable27.0 24.5 
Accrued legal and professional31.7 23.2 
Accrued marketing and advertising19.8 22.9 
Derivative liabilities— 89.5 
Other82.6 80.5 
$351.6 $437.3 
v3.22.2.2
Long-Term Debt (Tables)
 9 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Composition of Long-Term Debt
Long-term debt consisted of the following:
 Maturity DateSeptember 30, 2022December 31, 2021
2024 Term Loans (effective interest rate of 3.2% at September 30, 2022 and 2.3% at December 31, 2021)
February 15, 2024$1,763.7 $1,782.4 
2027 Term Loans (effective interest rate of 3.6% at September 30, 2022 and 2.4% at December 31, 2021)
August 10, 2027733.1 738.8 
2027 Senior Notes (effective interest rate of 5.4% at September 30, 2022 and December 31, 2021)
December 1, 2027600.0 600.0 
2029 Senior Notes (effective interest rate of 3.6% at September 30, 2022 and December 31, 2021)
March 1, 2029800.0 800.0 
Revolver
February 15, 2024— — 
Total3,896.8 3,921.2 
Less: unamortized original issue discount and debt issuance costs(1)
(29.5)(38.9)
Less: current portion of long-term debt(24.4)(24.1)
$3,842.9 $3,858.2 
_________________________________
(1)Original issue discount and debt issuance costs are amortized to interest expense over the life of the related debt instruments using the interest method.
Estimated Fair Values of Long-Term Debt Instruments The estimated fair values of our long-term debt instruments are based on observable market prices for these loans, which are traded in less active markets and therefore classified as Level 2 fair value measurements, and were as follows as of September 30, 2022:
2024 Term Loans$1,748.3 
2027 Term Loans$712.9 
2027 Senior Notes$554.9 
2029 Senior Notes$653.3 
Aggregate Principal Payments Due on Long-Term Debt Aggregate principal payments, exclusive of any unamortized original issue discount and debt issuance costs, due on long-term debt as of September 30, 2022 were as follows:
Year Ending December 31:
2022 (remainder of)$8.1 
202332.5 
20241,740.0 
20257.5 
20267.5 
Thereafter2,101.2 
$3,896.8 
v3.22.2.2
Derivatives and Hedging (Tables)
 9 Months Ended
Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Summary of Outstanding Derivative Instruments
The following table summarizes our outstanding derivative instruments on a gross basis, all of which are considered Level 2 financial instruments:
Notional Amount
Fair Value of Derivative Assets(2)
Fair Value of Derivative Liabilities(2)
 September 30, 2022December 31, 2021September 30, 2022December 31, 2021September 30, 2022December 31, 2021
Cash flow hedges:
Foreign exchange forward contracts$359.7 $360.3 $34.2 $5.6 $— $1.0 
Cross-currency swaps(1)
504.8 1,346.8 51.3 — — 80.9 
Interest rate swaps1,985.7 2,001.2 185.9 24.7 — 7.6 
Net investment hedges:
Cross-currency swaps(1)
647.0 — 65.3 — — — 
Total hedges$3,497.2 $3,708.3 $336.7 $30.3 $— $89.5 
_________________________________
(1)The notional values of the cross-currency swaps have been translated from Euros to U.S. dollars at the foreign currency rates in effect of approximately 0.98 and 1.14 as of September 30, 2022 and December 31, 2021, respectively.
(2)In our balance sheets, all derivative assets are recorded within prepaid expenses and other current assets and all derivative liabilities are recorded within accrued expenses and other current liabilities.
Summary of the Gains (Losses) Recognized within Earnings Related to Derivative Instruments
The following table summarizes the effect of our hedging relationships on AOCI:
Unrealized Gains (Losses) Recognized in Other Comprehensive Income
 Three Months EndedNine Months Ended
September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Cash flow hedges:
Foreign exchange forward contracts(1)
$24.2 $11.0 $48.0 $14.0 
Cross-currency swaps(0.5)(5.3)42.9 (10.8)
Interest rate swaps78.2 10.2 171.3 35.5 
Net investment hedges:
Cross-currency swaps43.7 — 65.3 — 
Total hedges$145.6 $15.9 $327.5 $38.7 
_________________________________
(1)Amounts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
The following tables summarize the locations and amounts of gains (losses) recognized within earnings related to our hedging relationships:
Three Months Ended September 30, 2022Three Months Ended September 30, 2021
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Cash flow hedges:
Foreign exchange forward contracts:
Reclassified from AOCI into income$2.3 $— $— $(2.8)$— $— 
Cross-currency swaps:
Reclassified from AOCI into income(1)
— 2.7 35.2 — 6.8 33.2 
Interest rate swaps:
Reclassified from AOCI into income— 2.4 — — (8.8)— 
Net investment hedges:
Cross-currency swaps:
Reclassified from AOCI into income— 3.6 — — — — 
Total hedges$2.3 $8.7 $35.2 $(2.8)$(2.0)$33.2 
_________________________________
(1)The amounts reflected in other income (expense), net include $(34.9) million and $(33.5) million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by cross-currency swaps during the three months ended September 30, 2022 and 2021, respectively.
Nine Months Ended September 30, 2022Nine Months Ended September 30, 2021
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Cash flow hedges:
Foreign exchange forward contracts:
Reclassified from AOCI into income$0.9 $— $— $(6.2)$— $— 
Cross-currency swaps:
Reclassified from AOCI into income(1)
— 12.3 88.0 — 20.1 76.2 
Interest rate swaps:
Reclassified from AOCI into income— (13.6)— — (26.1)— 
Net investment hedges:
Cross-currency swaps:
Reclassified from AOCI into income— 7.9 — — — — 
Total hedges$0.9 $6.6 $88.0 $(6.2)$(6.0)$76.2 
_________________________________
(1)The amounts reflected in other income (expense), net include $(87.8) million and $(77.2) million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by the cross-currency swaps during the nine months ended September 30, 2022 and 2021, respectively.
v3.22.2.2
Leases (Tables)
 9 Months Ended
Sep. 30, 2022
Leases [Abstract]  
Components of Lease Expenses The components of operating lease expense were as follows:
Three Months EndedNine Months Ended
 September 30, 2022September 30, 2021September 30, 2022September 30, 2021
Operating lease costs$11.9 $12.1 $34.3 $36.4 
Variable lease costs3.8 2.6 8.8 7.4 
Sublease income(2.5)(1.0)(6.2)(2.6)
$13.2 $13.7 $36.9 $41.2 
v3.22.2.2
Income Per Share (Tables)
 9 Months Ended
Sep. 30, 2022
Earnings Per Share [Abstract]  
Reconciliation of the Numerator and Denominator Used in the Calculation of Basic and Diluted Net Income Per Share
A reconciliation of the numerator and denominator used in the calculation of basic and diluted income per share is as follows:
 Three Months Ended September 30,
Nine Months Ended September 30,
 2022202120222021
Numerator:
Net income$100.0 $97.7 $259.1 $155.4 
Less: net income attributable to non-controlling interests0.2 0.2 0.5 0.3 
Net income attributable to GoDaddy Inc.$99.8 $97.5 $258.6 $155.1 
Denominator:
Weighted-average shares of Class A common stock outstanding—basic156,393 167,542 160,150 168,387 
Effect of dilutive securities:
Class B common stock312 350 313 445 
Stock options616 1,047 712 1,229 
RSUs, PSUs and ESPP shares1,097 884 1,490 1,663 
Weighted-average shares of Class A Common stock outstanding—diluted158,418 169,823 162,665 171,724 
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic$0.64 $0.58 $1.61 $0.92 
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted(1):
$0.63 $0.58 $1.59 $0.90 
_________________________________
(1)The diluted income per share calculations exclude net income attributable to non-controlling interests unless the effect is antidilutive.
Summary of Weighted Average Potentially Dilutive Shares The following number of weighted-average potentially dilutive shares were excluded from the calculation of diluted income per share because the effect of including such potentially dilutive shares would have been antidilutive:
 Three Months Ended September 30,
Nine Months Ended September 30,
 2022202120222021
Stock options218 433 246 562 
RSUs, PSUs and ESPP shares520 761 2,557 619 
738 1,194 2,803 1,181 
v3.22.2.2
Segment Information (Tables)
 9 Months Ended
Sep. 30, 2022
Segment Reporting [Abstract]  
Schedule of Segment Information
The following table presents our segment information for the periods indicated:
 Three Months Ended September 30,
Nine Months Ended September 30,
2022202120222021
Revenue:
A&C$326.0 $289.6 $946.3 $827.8 
Core707.2 674.4 2,105.1 1,968.6 
Total revenue$1,033.2 $964.0 $3,051.4 $2,796.4 
Segment NEBITDA:
A&C$135.6 $115.0 $387.2 $324.2 
Core202.1 173.9 578.9 481.7 
Corporate overhead and other(75.0)(61.2)(219.1)(187.7)
Depreciation and amortization(48.5)(50.7)(145.1)(149.7)
Equity-based compensation expense(65.4)(50.9)(193.3)(154.9)
Interest expense, net of interest income(32.1)(32.3)(98.9)(93.0)
Acquisition-related expenses(8.9)(10.3)(27.2)(65.9)
Restructuring and other(1)
(10.6)14.1 (21.9)7.4 
Income before income taxes97.2 97.6 260.6 162.1 
Benefit (provision) for income taxes2.8 0.1 (1.5)(6.7)
Net income$100.0 $97.7 $259.1 $155.4 
_________________________________
(1)Includes lease-related expenses associated with closed facilities and charges related to certain legal matters.
v3.22.2.2
Accumulated Other Comprehensive Income (Loss) (Tables)
 9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
OCI Activity in Equity
The following table presents AOCI activity in equity:
Foreign Currency Translation Adjustments
Net Unrealized Gains (Losses) on Cash Flow Hedges(1)
Total AOCI
Gross balance as of December 31, 2021(2)
$(52.9)$14.2 $(38.7)
Other comprehensive income (loss) before reclassifications(19.9)169.2 149.3 
Amounts reclassified from AOCI— 95.5 95.5 
Other comprehensive income (loss)(19.9)264.7 244.8 
$(72.8)$278.9 206.1 
Less: AOCI attributable to non-controlling interests(0.4)
Balance as of September 30, 2022$205.7 
Gross balance as of December 31, 2020(2)
$(98.8)$(32.8)$(131.6)
Other comprehensive income (loss) before reclassifications31.6 (27.1)4.5 
Amounts reclassified from AOCI— 64.0 64.0 
Other comprehensive income31.6 36.9 68.5 
$(67.2)$4.1 (63.1)
Less: AOCI attributable to non-controlling interests0.1 
Balance as of September 30, 2021$(63.0)
_________________________________
(1)Amounts shown for our foreign exchange forward contracts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
(2)Beginning balance is presented on a gross basis, excluding the allocation of AOCI attributable to non-controlling interests.
v3.22.2.2
Organization and Background (Details) - segment
 9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Class of Stock [Line Items]    
Number of reportable segments 2 1
Number of operating segments 2 1
Desert Newco, LLC    
Class of Stock [Line Items]    
LLC units held (as a percent) 99.80%  
v3.22.2.2
Summary of Significant Accounting Policies - Property and Equipment, Net by Geography (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net $ 213.6 $ 220.0
U.S.    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net 163.8 162.6
France    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net 23.3 23.8
All other international    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net $ 26.5 $ 33.6
v3.22.2.2
Summary of Significant Accounting Policies - Narrative (Details)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Sep. 30, 2022
USD ($)
segment
Sep. 30, 2021
USD ($)
Dec. 31, 2021
segment
Accounting Policies [Abstract]          
Number of reportable segments | segment     2   1
Amortization of contract costs | $ $ 180.3 $ 171.4 $ 532.0 $ 500.0  
v3.22.2.2
Summary of Significant Accounting Policies - Schedule of Prior Period Revisions To Statement Of Operations (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Revenue $ 1,033.2 $ 964.0 $ 3,051.4 $ 2,796.4
Applications & commerce        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Revenue 326.0 289.6 946.3 827.8
Core platform        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Revenue 707.2 674.4 2,105.1 1,968.6
As Previously Reported        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Revenue   964.0   2,796.4
Domains        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Revenue       1,312.6
Domains | Core platform        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Revenue $ 494.0 454.8 $ 1,462.9 1,317.1
Domains | As Previously Reported        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Revenue   453.2    
Hosting and presence | As Previously Reported        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Revenue   324.7   953.5
Business applications | As Previously Reported        
Error Corrections and Prior Period Adjustments Restatement [Line Items]        
Revenue   $ 186.1   $ 530.3
v3.22.2.2
Summary of Significant Accounting Policies - Revenue by Product Type (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Disaggregation of Revenue [Line Items]        
Revenue $ 1,033.2 $ 964.0 $ 3,051.4 $ 2,796.4
Domains        
Disaggregation of Revenue [Line Items]        
Revenue       1,312.6
Applications & commerce        
Disaggregation of Revenue [Line Items]        
Revenue 326.0 289.6 946.3 827.8
Core platform        
Disaggregation of Revenue [Line Items]        
Revenue 707.2 674.4 2,105.1 1,968.6
Core platform | Domains        
Disaggregation of Revenue [Line Items]        
Revenue 494.0 454.8 1,462.9 1,317.1
Core platform | Other        
Disaggregation of Revenue [Line Items]        
Revenue $ 213.2 $ 219.6 $ 642.2 $ 651.5
v3.22.2.2
Summary of Significant Accounting Policies - Revenue by Geography (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues from External Customers and Long-Lived Assets [Line Items]        
Revenue $ 1,033.2 $ 964.0 $ 3,051.4 $ 2,796.4
U.S.        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Revenue 700.6 644.3 2,058.2 1,856.4
International        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Revenue $ 332.6 $ 319.7 $ 993.2 $ 940.0
v3.22.2.2
Summary of Significant Accounting Policies - Fair Value of Assets and Liabilities Measured on a Recurring Basis (Details) - Measured on a Recurring Basis - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Derivative assets $ 336.7 $ 30.3
Total assets 795.6 208.4
Liabilities:    
Derivative liabilities   89.5
Total liabilities   89.5
Commercial paper and other    
Assets:    
Cash and cash equivalents 120.0  
Money market funds and time deposits    
Assets:    
Cash and cash equivalents 338.9 178.1
Level 1    
Assets:    
Derivative assets 0.0 0.0
Total assets 338.9 178.1
Liabilities:    
Derivative liabilities   0.0
Total liabilities   0.0
Level 1 | Commercial paper and other    
Assets:    
Cash and cash equivalents 0.0  
Level 1 | Money market funds and time deposits    
Assets:    
Cash and cash equivalents 338.9 178.1
Level 2    
Assets:    
Derivative assets 336.7 30.3
Total assets 456.7 30.3
Liabilities:    
Derivative liabilities   89.5
Total liabilities   89.5
Level 2 | Commercial paper and other    
Assets:    
Cash and cash equivalents 120.0  
Level 2 | Money market funds and time deposits    
Assets:    
Cash and cash equivalents 0.0 0.0
Level 3    
Assets:    
Derivative assets 0.0 0.0
Total assets 0.0 0.0
Liabilities:    
Derivative liabilities   0.0
Total liabilities   0.0
Level 3 | Commercial paper and other    
Assets:    
Cash and cash equivalents 0.0  
Level 3 | Money market funds and time deposits    
Assets:    
Cash and cash equivalents $ 0.0 $ 0.0
v3.22.2.2
Business Acquisitions - Narrative (Details) - USD ($)
$ in Millions
 1 Months Ended
Jul. 31, 2022
Sep. 30, 2022
Dec. 31, 2021
Business Acquisition [Line Items]      
Goodwill   $ 3,458.3 $ 3,540.8
Acquisition Agreements      
Business Acquisition [Line Items]      
Purchase consideration $ 69.6    
Goodwill 56.3    
Expected amount of goodwill deductible for income tax purposes 0.0    
Finite-lived intangible assets related to acquisitions 17.6    
Net liabilities assumed related to acquisitions $ 4.3    
Weighted average amortization period of acquired finite-lived intangible assets 3 years 3 months 18 days    
v3.22.2.2
Goodwill and Intangible Assets - Narrative (Details)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
Sep. 30, 2022
USD ($)
reporting_unit
segment
Sep. 30, 2021
USD ($)
Dec. 31, 2021
segment
Finite-Lived Intangible Assets [Line Items]          
Number of operating segments | segment     2   1
Number of reporting units | reporting_unit     2    
Amortization expense | $ $ 31.8 $ 32.6 $ 96.7 $ 94.7  
Weighted Average          
Finite-Lived Intangible Assets [Line Items]          
Weighted average remaining amortization period     41 months    
Customer-related          
Finite-Lived Intangible Assets [Line Items]          
Weighted average remaining amortization period     40 months    
Developed technology          
Finite-Lived Intangible Assets [Line Items]          
Weighted average remaining amortization period     32 months    
Trade names and other          
Finite-Lived Intangible Assets [Line Items]          
Weighted average remaining amortization period     57 months    
v3.22.2.2
Goodwill and Intangible Assets - Schedule of Goodwill (Details)
$ in Millions
 9 Months Ended
Sep. 30, 2022
USD ($)
Goodwill [Roll Forward]  
Balance at December 31, 2021 $ 3,540.8
Goodwill related to acquisitions 56.3
Impact of foreign currency translation (153.3)
Purchase accounting adjustments related to prior period acquisitions 14.5
Balance at September 30, 2022 3,458.3
Applications & commerce  
Goodwill [Roll Forward]  
Balance at December 31, 2021 1,522.5
Goodwill related to acquisitions 0.0
Impact of foreign currency translation (65.5)
Purchase accounting adjustments related to prior period acquisitions 6.2
Balance at September 30, 2022 1,463.2
Core platform  
Goodwill [Roll Forward]  
Balance at December 31, 2021 2,018.3
Goodwill related to acquisitions 56.3
Impact of foreign currency translation (87.8)
Purchase accounting adjustments related to prior period acquisitions 8.3
Balance at September 30, 2022 $ 1,995.1
v3.22.2.2
Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Finite-Lived Intangible Assets [Line Items]    
Accumulated Amortization $ (477.6) $ (457.9)
Net Carrying Amount 321.0  
Gross  Carrying Amount 1,744.5 1,842.6
Net Carrying Amount 1,266.9 1,384.7
Trade names and branding    
Indefinite-lived Intangible Assets [Line Items]    
Carrying Amount 445.0 445.0
Domain portfolio    
Indefinite-lived Intangible Assets [Line Items]    
Carrying Amount 244.1 246.8
Contractual-based assets    
Indefinite-lived Intangible Assets [Line Items]    
Carrying Amount 256.8 253.8
Customer-related    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 455.5 535.1
Accumulated Amortization (274.6) (279.3)
Net Carrying Amount 180.9 255.8
Developed technology    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 238.0 243.5
Accumulated Amortization (154.1) (133.1)
Net Carrying Amount 83.9 110.4
Trade names and other    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 105.1 118.4
Accumulated Amortization (48.9) (45.5)
Net Carrying Amount $ 56.2 $ 72.9
v3.22.2.2
Goodwill and Intangible Assets - Future Amortization of Finite Lived Intangible Assets (Details)
$ in Millions
Sep. 30, 2022
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
2022 (remainder of) $ 31.4
2023 101.3
2024 81.6
2025 74.3
2026 24.8
Thereafter 7.6
Net Carrying Amount $ 321.0
v3.22.2.2
Stockholders' Equity (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 1 Months Ended 3 Months Ended 9 Months Ended
May 31, 2022
Feb. 28, 2022
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Jan. 31, 2022
Class of Stock [Line Items]                      
Up-front payment for repurchase of common stock                 $ 1,090.5 $ 526.0  
Aggregate purchase price     $ 109.6 $ 236.3 $ 750.2 $ 250.1 $ 80.8 $ 195.1      
Remaining authorization available     $ 1,904.1           $ 1,904.1    
Class A Common Stock                      
Class of Stock [Line Items]                      
Repurchase of additional stock                     $ 2,251.0
Authorized amount                     $ 3,000.0
Class A Common Stock | New Accelerated Share Repurchase Agreement                      
Class of Stock [Line Items]                      
Up-front payment for repurchase of common stock   $ 750.0                  
Repurchases of Class A common stock (in shares) 9,202   4,855                
Average price per share (in dollars per share) $ 81.50                    
Aggregate purchase price     $ 345.9                
v3.22.2.2
Equity-Based Compensation Plans - Narrative (Details) - USD ($)
shares in Thousands, $ in Millions
 9 Months Ended
Sep. 30, 2022
Jan. 01, 2022
RSUs    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Weighted average recognition period 2 years 6 months  
RSU's and ESPP    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Unrecognized compensation costs $ 445.3  
2015 Equity Incentive Plan | Class A Common Stock | Equity Incentive Plan    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Additional shares reserved for future issuance (in shares)   6,689
Shares reserved for issuance (in shares) 34,450  
2015 Employee Stock Purchase Plan | Class A Common Stock | ESPP    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Additional shares reserved for future issuance (in shares)   1,000
Shares reserved for issuance (in shares) 5,290  
v3.22.2.2
Equity-Based Compensation Plans - Summary of Stock Option Activity (Details)
shares in Thousands
 9 Months Ended
Sep. 30, 2022
$ / shares
shares
Number of Shares of Class A Common Stock (#)  
Outstanding at beginning of period (in shares) | shares 1,999
Exercised (in shares) | shares (498)
Forfeited (in shares) | shares (36)
Outstanding at end of period (in shares) | shares 1,465
Vested at end of period (in shares) | shares 1,353
Weighted- Average Exercise Price Per Share ($)  
Outstanding weighted average exercise price (in dollars per share) | $ / shares $ 42.94
Exercised (in dollars per share) | $ / shares 37.79
Forfeited (in dollars per share) | $ / shares 72.92
Outstanding weighted average exercise price (in dollars per share) | $ / shares 43.94
Vested at end of period (in dollars per share) | $ / shares $ 41.99
v3.22.2.2
Equity-Based Compensation Plans - Summary of Stock Award Activity (Details)
 9 Months Ended
Sep. 30, 2022
$ / shares
shares
Number of Shares of Class A Common Stock (#)  
Outstanding at beginning of period (in shares) 6,766,000
Vested (in shares) (2,051,000)
Forfeited (in shares) (915,000)
Outstanding at end of period (in shares) 8,106,000
RSUs  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 4,060,000
Outstanding at end of period (in shares) 7,357,000
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 79.89
TSR-based PSUs  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 246,000
Outstanding at end of period (in shares) 683,000
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 120.85
Financial-based PSUs granted for accounting purposes  
Number of Shares of Class A Common Stock (#)  
Outstanding at end of period (in shares) 41,000
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 82.52
Financial-based PSUs not yet granted for accounting purposes  
Number of Shares of Class A Common Stock (#)  
Outstanding at end of period (in shares) 25,000
v3.22.2.2
Deferred Revenue - Composition of Deferred Revenue (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Disaggregation of Revenue [Line Items]    
Deferred revenue, current $ 1,975.2 $ 1,890.1
Deferred revenue, noncurrent 773.6 743.3
Applications & commerce    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 630.2 568.0
Deferred revenue, noncurrent 175.4 187.3
Core platform    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 1,345.0 1,322.1
Deferred revenue, noncurrent $ 598.2 $ 556.0
v3.22.2.2
Deferred Revenue - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2022
Revenue from Contract with Customer [Abstract]    
Revenue recognized $ 437.9 $ 1,751.9
v3.22.2.2
Deferred Revenue - Expected Recognition of Deferred Revenue (Details)
$ in Millions
Sep. 30, 2022
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 2,748.8
Applications & commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue 805.6
Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue 1,943.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 759.8
Expected recognition period 3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01 | Applications & commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 253.3
Expected recognition period 3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2022-10-01 | Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 506.5
Expected recognition period 3 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 1,357.4
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | Applications & commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 412.9
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2023-01-01 | Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 944.5
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 361.4
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01 | Applications & commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 99.4
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-01-01 | Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 262.0
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 126.0
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Applications & commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 27.9
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 98.1
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 63.7
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Applications & commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 6.8
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 56.9
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 80.5
Expected recognition period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | Applications & commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 5.3
Expected recognition period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 75.2
Expected recognition period
v3.22.2.2
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Payables and Accruals [Abstract]    
Accrued payroll and employee benefits $ 113.4 $ 124.2
Tax-related accruals 43.7 35.6
Current portion of operating lease liabilities 33.4 36.9
Accrued acquisition-related expenses and acquisition consideration payable 27.0 24.5
Accrued legal and professional 31.7 23.2
Accrued marketing and advertising 19.8 22.9
Derivative liabilities 0.0 89.5
Other 82.6 80.5
Accrued expenses and other current liabilities $ 351.6 $ 437.3
v3.22.2.2
Long-Term Debt - Composition of Long-Term Debt (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Debt Instrument [Line Items]    
Long-term debt $ 3,896.8 $ 3,921.2
Less unamortized original issue discount and debt issuance costs (29.5) (38.9)
Less: current portion of long-term debt (24.4) (24.1)
Long-term debt, net of current portion 3,842.9 3,858.2
2024 Term Loans | Secured Debt    
Debt Instrument [Line Items]    
Long-term debt $ 1,763.7 $ 1,782.4
Effective interest rate percentage 3.20% 2.30%
2027 Term Loans | Secured Debt    
Debt Instrument [Line Items]    
Long-term debt $ 733.1 $ 738.8
Effective interest rate percentage 3.60% 2.40%
2027 Senior Notes | Senior Notes    
Debt Instrument [Line Items]    
Long-term debt $ 600.0 $ 600.0
Effective interest rate percentage 5.40% 5.40%
2029 Senior Notes | Senior Notes    
Debt Instrument [Line Items]    
Long-term debt $ 800.0 $ 800.0
Effective interest rate percentage 3.60% 3.60%
Revolver | Line of Credit | Revolving Credit Facility    
Debt Instrument [Line Items]    
Long-term debt $ 0.0 $ 0.0
v3.22.2.2
Long-Term Debt - Narrative (Details)
$ in Millions
Sep. 30, 2022
USD ($)
Line of Credit | Revolver  
Debt Instrument [Line Items]  
Available borrowing capacity $ 600.0
v3.22.2.2
Long-Term Debt - Estimated Fair Values of Long-Term Debt Instruments (Details) - Level 2
$ in Millions
Sep. 30, 2022
USD ($)
2024 Term Loans | Secured Debt  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt $ 1,748.3
2027 Term Loans | Secured Debt  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt 712.9
2027 Senior Notes | Senior Notes  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt 554.9
2029 Senior Notes | Senior Notes  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt $ 653.3
v3.22.2.2
Long-Term Debt - Aggregate Principal Payments Due on Long-Term Debt (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Debt Disclosure [Abstract]    
Long-Term Debt, Maturity, Remainder of Fiscal Year $ 8.1  
2023 32.5  
2024 1,740.0  
2025 7.5  
2026 7.5  
Thereafter 2,101.2  
Aggregate principal payments $ 3,896.8 $ 3,921.2
v3.22.2.2
Derivatives and Hedging - Summary of Outstanding Derivative Instruments (Details)
€ in Millions, $ in Millions
Sep. 30, 2022
USD ($)
€ / $
Dec. 31, 2021
USD ($)
€ / $
Apr. 30, 2017
USD ($)
Apr. 30, 2017
EUR (€)
Derivative [Line Items]        
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other current liabilities Accrued expenses and other current liabilities    
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Prepaid expenses and other current assets Prepaid expenses and other current assets    
Designated as Hedging Instrument | Level 2        
Derivative [Line Items]        
Notional amount $ 3,497.2 $ 3,708.3    
Fair value of derivative assets 336.7 30.3    
Fair value of derivative liabilities 0.0 89.5    
Cash Flow Hedging | Foreign exchange forward contracts | Designated as Hedging Instrument | Level 2        
Derivative [Line Items]        
Notional amount 359.7 360.3    
Fair value of derivative assets 34.2 5.6    
Fair value of derivative liabilities $ 0.0 $ 1.0    
Cash Flow Hedging | Cross-currency swap | Designated as Hedging Instrument        
Derivative [Line Items]        
Notional amount     $ 1,262.5 € 1,184.2
Euro to U.S. dollar exchange rate for translation | € / $ 0.98 1.14    
Cash Flow Hedging | Cross-currency swap | Designated as Hedging Instrument | Level 2        
Derivative [Line Items]        
Notional amount $ 504.8 $ 1,346.8    
Fair value of derivative assets 51.3 0.0    
Fair value of derivative liabilities 0.0 80.9    
Cash Flow Hedging | Interest rate swaps | Designated as Hedging Instrument | Level 2        
Derivative [Line Items]        
Notional amount 1,985.7 2,001.2    
Fair value of derivative assets 185.9 24.7    
Fair value of derivative liabilities 0.0 7.6    
Net Investment Hedging | Cross-currency swap | Designated as Hedging Instrument | Level 2        
Derivative [Line Items]        
Notional amount 647.0 0.0    
Fair value of derivative assets 65.3 0.0    
Fair value of derivative liabilities $ 0.0 $ 0.0    
v3.22.2.2
Derivatives and Hedging - Summary of the Gains (Losses) Recognized within Earnings Related to Derivative Instruments (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Derivative [Line Items]        
Revenue $ 1,033.2 $ 964.0 $ 3,051.4 $ 2,796.4
Interest Expense 35.6 32.5 104.1 93.8
Other Income (Expense), Net 3.1 (1.2) 0.8 (1.4)
Reclassification out of Accumulated Other Comprehensive Income | Total hedges        
Derivative [Line Items]        
Revenue 2.3 (2.8) 0.9 (6.2)
Interest Expense 8.7 (2.0) 6.6 (6.0)
Other Income (Expense), Net 35.2 33.2 88.0 76.2
Designated as Hedging Instrument        
Derivative [Line Items]        
Total hedges 145.6 15.9 327.5 38.7
Foreign exchange forward contracts | Cash Flow Hedging | Reclassification out of Accumulated Other Comprehensive Income | Cash flow hedges        
Derivative [Line Items]        
Revenue 2.3 (2.8) 0.9 (6.2)
Interest Expense 0.0 0.0 0.0 0.0
Other Income (Expense), Net 0.0 0.0 0.0 0.0
Foreign exchange forward contracts | Cash Flow Hedging | Designated as Hedging Instrument        
Derivative [Line Items]        
Unrealized Gains (Losses) Recognized in Other Comprehensive Income 24.2 11.0 48.0 14.0
Cross-currency swap | Reclassification out of Accumulated Other Comprehensive Income | Cash flow hedges | Euro-Denominated Intercompany Loan        
Derivative [Line Items]        
Other Income (Expense), Net (34.9) (33.5) (87.8) (77.2)
Cross-currency swap | Cash Flow Hedging | Reclassification out of Accumulated Other Comprehensive Income | Cash flow hedges        
Derivative [Line Items]        
Revenue 0.0 0.0 0.0 0.0
Interest Expense 2.7 6.8 12.3 20.1
Other Income (Expense), Net 35.2 33.2 88.0 76.2
Cross-currency swap | Cash Flow Hedging | Designated as Hedging Instrument        
Derivative [Line Items]        
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (0.5) (5.3) 42.9 (10.8)
Cross-currency swap | Net Investment Hedging | Reclassification out of Accumulated Other Comprehensive Income | Net investment hedges        
Derivative [Line Items]        
Revenue 0.0 0.0 0.0 0.0
Interest Expense 3.6 0.0 7.9 0.0
Other Income (Expense), Net 0.0 0.0 0.0 0.0
Cross-currency swap | Net Investment Hedging | Designated as Hedging Instrument        
Derivative [Line Items]        
Unrealized Gains (Losses) Recognized in Other Comprehensive Income 43.7 0.0 65.3 0.0
Interest rate swaps | Cash Flow Hedging | Reclassification out of Accumulated Other Comprehensive Income | Cash flow hedges        
Derivative [Line Items]        
Revenue 0.0 0.0 0.0 0.0
Interest Expense 2.4 (8.8) (13.6) (26.1)
Other Income (Expense), Net 0.0 0.0 0.0 0.0
Interest rate swaps | Cash Flow Hedging | Designated as Hedging Instrument        
Derivative [Line Items]        
Unrealized Gains (Losses) Recognized in Other Comprehensive Income $ 78.2 $ 10.2 $ 171.3 $ 35.5
v3.22.2.2
Derivatives and Hedging - Narrative (Details)
€ in Millions, $ in Millions
 1 Months Ended 9 Months Ended
Aug. 31, 2020
USD ($)
Apr. 30, 2017
USD ($)
Sep. 30, 2022
USD ($)
Apr. 30, 2017
EUR (€)
Derivative [Line Items]        
Net deferred losses from cash flow hedges     $ 62.8  
Euro-Denominated Intercompany Loan        
Derivative [Line Items]        
Base rate   3.00%   3.00%
Cash Flow Hedging | Designated as Hedging Instrument | Foreign exchange forward contracts        
Derivative [Line Items]        
Derivative remaining maturity     18 months  
Cash Flow Hedging | Designated as Hedging Instrument | Cross-currency swap        
Derivative [Line Items]        
Derivative contract term   5 years    
Notional amount   $ 1,262.5   € 1,184.2
Fixed rate   4.81%   4.81%
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap Agreement - August 2020        
Derivative [Line Items]        
Derivative contract term 7 years      
Notional amount $ 750.0      
Fixed rate 0.705% 4.81%   4.81%
Cash Flow Hedging | Designated as Hedging Instrument | Interest Rate Swap Agreement - April 2017        
Derivative [Line Items]        
Derivative contract term   5 years    
Notional amount   $ 1,262.5    
Fixed rate   5.44%   5.44%
v3.22.2.2
Leases - Narrative (Details)
Sep. 30, 2022
Leases [Abstract]  
Operating lease, remaining weighted average lease term 7 years 1 month 6 days
Operating lease, weighted average discount rate 5.20%
v3.22.2.2
Leases - Components of Lease Expenses (Details) - USD ($)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Leases [Abstract]        
Operating lease costs $ 11.9 $ 12.1 $ 34.3 $ 36.4
Variable lease costs 3.8 2.6 8.8 7.4
Sublease income (2.5) (1.0) (6.2) (2.6)
Operating lease expense $ 13.2 $ 13.7 $ 36.9 $ 41.2
v3.22.2.2
Commitments and Contingencies (Details) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Loss Contingencies [Line Items]    
Estimated loss provision for settlement   $ 8.1
Indirect Taxation    
Loss Contingencies [Line Items]    
Accrual for estimated indirect tax liabilities $ 14.6 $ 8.2
v3.22.2.2
Income Taxes (Details)
$ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2022
USD ($)
Income Tax Disclosure [Abstract]    
Discrete tax expense (benefit)   $ 6.8
Uncertain tax position $ 12.7  
Uncertain tax position related to an acquisition 11.9  
Unrecognized tax benefits 142.2 142.2
Unrecognized tax benefits that if fully recognized would decrease the effective tax rate $ 45.9 $ 45.9
v3.22.2.2
Income Per Share - Reconciliation of the Numerator and Denominator Used in the Calculation of Basic and Diluted Net Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Numerator:                
Net income $ 100.0 $ 90.5 $ 68.6 $ 97.7 $ 46.9 $ 10.8 $ 259.1 $ 155.4
Less: net income attributable to non-controlling interests 0.2     0.2     0.5 0.3
Net income attributable to GoDaddy Inc. $ 99.8     $ 97.5     $ 258.6 $ 155.1
Class A Common Stock                
Denominator:                
Weighted-average shares of Class A common stock outstanding—basic (in shares) 156,393     167,542     160,150 168,387
Weighted-average shares of Class A Common stock outstanding—diluted (in shares) 158,418     169,823     162,665 171,724
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic (in USD per share) $ 0.64     $ 0.58     $ 1.61 $ 0.92
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted (in USD per share) $ 0.63     $ 0.58     $ 1.59 $ 0.90
Class B Common Stock                
Denominator:                
Effect of dilutive securities (in shares) 312     350     313 445
Stock options                
Denominator:                
Effect of dilutive securities (in shares) 616     1,047     712 1,229
RSUs, PSUs and ESPP shares                
Denominator:                
Effect of dilutive securities (in shares) 1,097     884     1,490 1,663
v3.22.2.2
Income Per Share - Summary of Weighted Average Potentially Dilutive Shares (Details) - shares
shares in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities (in shares) 738 1,194 2,803 1,181
Stock options        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities (in shares) 218 433 246 562
RSUs, PSUs and ESPP shares        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities (in shares) 520 761 2,557 619
v3.22.2.2
Income Per Share - Narrative (Details)
Sep. 30, 2022
shares
Class B Common Stock  
Class of Stock [Line Items]  
Conversion feature of Class B common stock, number of Class A common shares (in shares) 1
v3.22.2.2
Segment Information (Details)
$ in Millions
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
USD ($)
Jun. 30, 2022
USD ($)
Mar. 31, 2022
USD ($)
Sep. 30, 2021
USD ($)
Jun. 30, 2021
USD ($)
Mar. 31, 2021
USD ($)
Sep. 30, 2022
USD ($)
segment
Sep. 30, 2021
USD ($)
Dec. 31, 2021
segment
Segment Reporting [Abstract]                  
Number of reportable segments | segment             2   1
Segment Reporting Information [Line Items]                  
Number of operating segments | segment             2   1
Number of reportable segments | segment             2   1
Revenue $ 1,033.2     $ 964.0     $ 3,051.4 $ 2,796.4  
Depreciation and amortization (48.5)     (50.7)     (145.1) (149.7)  
Equity-based compensation expense (65.4)     (50.9)     (193.3) (154.9)  
Interest expense (32.1)     (32.3)     (98.9) (93.0)  
Acquisition-related expenses (8.9)     (10.3)     (27.2) (65.9)  
Restructuring and other (10.6)     14.1     (21.9) 7.4  
Other income (expense), net 3.1     (1.2)     0.8 (1.4)  
Income before income taxes 97.2     97.6     260.6 162.1  
Benefit (provision) for income taxes 2.8     0.1     (1.5) (6.7)  
Net income 100.0 $ 90.5 $ 68.6 97.7 $ 46.9 $ 10.8 259.1 155.4  
Corporate overhead and other                  
Segment Reporting Information [Line Items]                  
Segment NEBITDA (75.0)     (61.2)     (219.1) (187.7)  
Applications & commerce                  
Segment Reporting Information [Line Items]                  
Revenue 326.0     289.6     946.3 827.8  
Applications & commerce | Operating Segments                  
Segment Reporting Information [Line Items]                  
Segment NEBITDA 135.6     115.0     387.2 324.2  
Core platform                  
Segment Reporting Information [Line Items]                  
Revenue 707.2     674.4     2,105.1 1,968.6  
Core platform | Operating Segments                  
Segment Reporting Information [Line Items]                  
Segment NEBITDA $ 202.1     $ 173.9     $ 578.9 $ 481.7  
v3.22.2.2
Accumulated Other Comprehensive Income (Loss) - AOCI Activity in Equity (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance $ 83.2 $ (11.8)
Other comprehensive income (loss) before reclassifications 149.3 4.5
Amounts reclassified from AOCI 95.5 64.0
Other comprehensive income (loss) 244.8 68.5
Ending balance (276.0) (101.1)
Net investment hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (52.9) (98.8)
Other comprehensive income (loss) before reclassifications (19.9) 31.6
Amounts reclassified from AOCI 0.0 0.0
Other comprehensive income (loss) (19.9) 31.6
Ending balance (72.8) (67.2)
Net Unrealized Gains (Losses) on Cash Flow Hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance 14.2 (32.8)
Other comprehensive income (loss) before reclassifications 169.2 (27.1)
Amounts reclassified from AOCI 95.5 64.0
Other comprehensive income (loss) 264.7 36.9
Ending balance 278.9 4.1
AOCI Including Portion Attributable to Noncontrolling Interest    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (38.7) (131.6)
Ending balance 206.1 (63.1)
AOCI Attributable to Noncontrolling Interest    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Ending balance 0.4 (0.1)
AOCI Attributable to Parent    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (38.6) (131.0)
Ending balance $ 205.7 $ (63.0)
v3.22.2.2
Accumulated Other Comprehensive Income (Loss) - Narrative (Details) - USD ($)
$ in Millions
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Amounts reclassified from AOCI $ (95.5) $ (64.0)
Foreign Currency Translation Adjustments    
Accumulated Other Comprehensive Income (Loss) [Line Items]    
Amounts reclassified from AOCI $ 0.0 $ 0.0
v3.22.2.2
Subsequent Events (Details) - USD ($)
Oct. 31, 2022
Sep. 30, 2022
Dec. 31, 2021
Subsequent Event [Line Items]      
Long-term debt   $ 3,896,800,000 $ 3,921,200,000
Revolver | Line of Credit      
Subsequent Event [Line Items]      
Line of Credit Facility, Remaining Borrowing Capacity   $ 600,000,000  
Subsequent Event | Revolver | Line of Credit      
Subsequent Event [Line Items]      
Maximum borrowing capacity $ 1,000,000,000