GODADDY INC., 10-Q filed on 8/2/2024
Quarterly Report
v3.24.2.u1
Cover - shares
 6 Months Ended
Jun. 30, 2024
Jul. 26, 2024
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2024  
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 100 S. Mill Ave, Suite 1600  
Entity Address, City or Town Tempe  
Entity Address, State or Province AZ  
Entity Address, Postal Zip Code 85281  
City Area Code 480  
Local Phone Number 505-8800  
Title of 12(b) Security Class A Common Stock, $0.001 par value per share  
Trading Symbol GDDY  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   140,972,665
Entity Central Index Key 0001609711  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2024  
Document Fiscal Period Focus Q2  
Amendment Flag false  
v3.24.2.u1
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 444.9 $ 458.8
Short-term investments 0.0 40.0
Accounts and other receivables 92.9 76.6
Registry deposits 34.1 37.3
Prepaid domain name registry fees 487.2 466.0
Prepaid expenses and other current assets 238.1 177.2
Total current assets 1,297.2 1,255.9
Property and equipment, net 160.4 185.3
Operating lease assets 61.4 60.8
Prepaid domain name registry fees, net of current portion 220.2 209.0
Goodwill 3,545.0 3,569.3
Intangible assets, net 1,107.3 1,158.6
Deferred tax assets 1,234.0 1,020.4
Other assets 96.4 105.6
Total assets 7,721.9 7,564.9
Current liabilities:    
Accounts payable 94.7 148.1
Accrued expenses and other current liabilities 365.1 442.2
Deferred revenue 2,230.4 2,074.9
Long-term debt 17.0 17.9
Total current liabilities 2,707.2 2,683.1
Deferred revenue, net of current portion 866.1 802.4
Long-term debt, net of current portion 3,787.7 3,798.5
Operating lease liabilities, net of current portion 88.3 90.2
Other long-term liabilities 89.9 90.7
Deferred tax liabilities 25.7 37.8
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value - 50,000 shares authorized; none issued and outstanding 0.0 0.0
Additional paid-in capital 2,443.9 2,271.6
Accumulated deficit (2,422.8) (2,320.7)
Accumulated other comprehensive income 135.8 111.2
Total stockholders' equity 157.0 62.2
Total liabilities and stockholders' equity 7,721.9 7,564.9
Class A Common Stock    
Stockholders' equity:    
Common stock 0.1 0.1
Class B Common Stock    
Stockholders' equity:    
Common stock $ 0.0 $ 0.0
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Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares
shares in Thousands
Jun. 30, 2024
Dec. 31, 2023
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized (in shares) 50,000 50,000
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 1,000,000
Common stock, shares issued (in shares) 141,455 142,051
Common stock, shares outstanding (in shares) 141,455 142,051
Class B Common Stock    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares authorized (in shares) 500,000 500,000
Common stock, shares issued (in shares) 0 259
Common stock, shares outstanding (in shares) 0 259
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Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue:        
Revenue $ 1,124.5 $ 1,048.1 $ 2,233.0 $ 2,084.1
Costs and operating expenses        
Cost of revenue (excluding depreciation and amortization) [1] 408.3 388.4 822.8 774.5
Technology and development [1] 205.9 219.2 408.8 434.2
Marketing and advertising [1] 93.2 89.5 180.7 181.9
Customer care [1] 73.3 77.7 149.7 154.5
General and administrative [1] 95.6 92.7 187.3 186.8
Restructuring and other [1] 6.9 17.5 29.3 69.8
Depreciation and amortization [1] 33.1 43.5 70.3 92.0
Total costs and operating expenses [1] 916.3 928.5 1,848.9 1,893.7
Operating income 208.2 119.6 384.1 190.4
Interest expense (39.5) (45.6) (80.8) (91.4)
Loss on debt extinguishment (2.1) 0.0 (3.1) 0.0
Other income (expense), net 8.3 6.8 17.9 29.4
Income before income taxes 174.9 80.8 318.1 128.4
Benefit (provision) for income taxes (28.6) 2.3 229.7 2.1
Net income 146.3 83.1 547.8 130.5
Less: net income attributable to non-controlling interests 0.0 0.2 0.0 0.3
Net income attributable to GoDaddy Inc. 146.3 82.9 547.8 130.2
Applications and commerce        
Revenue:        
Revenue 405.6 351.7 788.7 689.7
Core platform        
Revenue:        
Revenue $ 718.9 $ 696.4 $ 1,444.3 $ 1,394.4
Class A Common Stock        
Net income attributable to GoDaddy Inc. per share of Class A common stock:        
Basic (in dollars per share) $ 1.04 $ 0.54 $ 3.86 $ 0.85
Diluted (in dollars per share) $ 1.01 $ 0.54 $ 3.77 $ 0.84
Weighted-average shares of Class A common stock outstanding:        
Basic (in shares) 141,269 152,328 141,899 153,221
Diluted (in shares) 144,644 154,064 145,321 155,756
[1]
Costs and operating expenses include equity-based compensation expense as follows:
Cost of revenue0.3 0.4 0.3 0.8 
Technology and development39.3 42.0 76.8 81.0 
Marketing and advertising7.9 7.3 15.2 13.9 
Customer care5.7 6.5 11.5 11.9 
General and administrative23.0 21.3 43.4 41.5 
Restructuring and other— — 0.8 2.3 
Total equity-based compensation expense$76.2 $77.5 $148.0 $151.4 
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Consolidated Statements of Operations (unaudited) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Equity-based compensation expense $ 76.2 $ 77.5 $ 148.0 $ 151.4
Cost of revenue        
Equity-based compensation expense 0.3 0.4 0.3 0.8
Technology and development        
Equity-based compensation expense 39.3 42.0 76.8 81.0
Marketing and advertising        
Equity-based compensation expense 7.9 7.3 15.2 13.9
Customer care        
Equity-based compensation expense 5.7 6.5 11.5 11.9
General and administrative        
Equity-based compensation expense 23.0 21.3 43.4 41.5
Restructuring and other        
Equity-based compensation expense $ 0.0 $ 0.0 $ 0.8 $ 2.3
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Consolidated Statements of Comprehensive Income (unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of Comprehensive Income [Abstract]        
Net income $ 146.3 $ 83.1 $ 547.8 $ 130.5
Foreign exchange forward contracts gain (loss), net 1.2 (9.0) 10.5 (15.9)
Unrealized swap gain (loss), net [1] (6.7) 26.8 3.8 (5.8)
Change in foreign currency translation adjustment 6.3 3.9 10.1 6.0
Comprehensive income 147.1 104.8 572.2 114.8
Less: comprehensive income attributable to non-controlling interests 0.0 0.1 0.0 0.3
Comprehensive income attributable to GoDaddy Inc. $ 147.1 $ 104.7 $ 572.2 $ 114.5
[1]
Components of OCI are net of the tax effects reflected below:

Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Unrealized swap gain (loss), net$1.2 $— $9.7 $— 
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Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Statement of Comprehensive Income [Abstract]        
Unrealized swap gain (loss), net $ 1.2 $ 0.0 $ 9.7 $ 0.0
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Consolidated Statements of Stockholders' Equity (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, 2022       153,830 312        
Beginning balance at Dec. 31, 2022 $ (329.3)     $ 0.2 $ 0.0 $ 1,912.6 $ (2,422.6) $ 178.0 $ 2.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 47.4           47.3   0.1
Equity-based compensation, including amounts capitalized 74.5         74.5      
Stock option exercises (in shares)       132          
Stock option exercises 3.2         3.2      
Repurchases of Class A common stock (in shares)       (1,553)          
Repurchases of Class A common stock (113.9)           (113.9)    
Impact of derivatives, net (39.5)             (39.5)  
Change in foreign currency translation adjustment 2.1             2.1  
Vesting of restricted stock units and other (in shares)       1,705 5        
Vesting of restricted stock units and other 0.0         0.2 (0.1) 0.1 (0.2)
Ending balance (in shares) at Mar. 31, 2023       154,114 307        
Ending balance at Mar. 31, 2023 (355.5)     $ 0.2 $ 0.0 1,990.5 (2,489.3) 140.7 2.4
Beginning balance (in shares) at Dec. 31, 2022       153,830 312        
Beginning balance at Dec. 31, 2022 (329.3)     $ 0.2 $ 0.0 1,912.6 (2,422.6) 178.0 2.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 130.5                
Ending balance (in shares) at Jun. 30, 2023       148,293 307        
Ending balance at Jun. 30, 2023 (664.5)     $ 0.1 $ 0.0 2,088.2 (2,917.8) 162.4 2.6
Beginning balance (in shares) at Mar. 31, 2023       154,114 307        
Beginning balance at Mar. 31, 2023 (355.5)     $ 0.2 $ 0.0 1,990.5 (2,489.3) 140.7 2.4
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 83.1           82.9   0.2
Equity-based compensation, including amounts capitalized 78.0         78.0      
Stock option exercises (in shares)       115          
Stock option exercises 1.5         1.6     (0.1)
Repurchases of Class A common stock (in shares) [1]       (7,019)          
Repurchases of Class A common stock [1] (511.6)     $ (0.1)     (511.5)    
Issuance of Class A common stock under 2015 Employee Stock Purchase Plan (ESPP) (in shares)       299          
Issuance of Class A common stock under 2015 Employee Stock Purchase Plan (ESPP) 18.2         18.2      
Impact of derivatives, net 17.8             17.8  
Change in foreign currency translation adjustment 3.9             3.9  
Vesting of restricted stock units and other (in shares)       784          
Vesting of restricted stock units and other 0.1         (0.1) 0.1   0.1
Ending balance (in shares) at Jun. 30, 2023       148,293 307        
Ending balance at Jun. 30, 2023 (664.5)     $ 0.1 $ 0.0 2,088.2 (2,917.8) 162.4 $ 2.6
Beginning balance (in shares) at Dec. 31, 2023   142,051 259 142,051 259        
Beginning balance at Dec. 31, 2023 62.2     $ 0.1 $ 0.0 2,271.6 (2,320.7) 111.2  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 401.5           401.5    
Equity-based compensation, including amounts capitalized 72.3         72.3      
Stock option exercises (in shares)       80          
Stock option exercises 2.1         2.1      
Repurchases of Class A common stock (in shares) [2]       (1,245)          
Repurchases of Class A common stock [2] (147.1)           (147.1)    
Impact of derivatives, net 19.8             19.8  
Change in foreign currency translation adjustment 3.8             3.8  
Vesting of restricted stock units and other (in shares)       1,543 259        
Vesting of restricted stock units and other 0.2         (0.1) 0.1 0.2  
Ending balance (in shares) at Mar. 31, 2024       142,429 0        
Ending balance at Mar. 31, 2024 414.8     $ 0.1 $ 0.0 2,345.9 (2,066.2) 135.0  
Beginning balance (in shares) at Dec. 31, 2023   142,051 259 142,051 259        
Beginning balance at Dec. 31, 2023 62.2     $ 0.1 $ 0.0 2,271.6 (2,320.7) 111.2  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 547.8                
Ending balance (in shares) at Jun. 30, 2024   141,455 0 141,455 0        
Ending balance at Jun. 30, 2024 157.0     $ 0.1 $ 0.0 2,443.9 (2,422.8) 135.8  
Beginning balance (in shares) at Mar. 31, 2024       142,429 0        
Beginning balance at Mar. 31, 2024 414.8     $ 0.1 $ 0.0 2,345.9 (2,066.2) 135.0  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                  
Net income 146.3           146.3    
Equity-based compensation, including amounts capitalized 76.8         76.8      
Stock option exercises (in shares)       46          
Stock option exercises 1.8         1.8      
Repurchases of Class A common stock (in shares) [2],[3]       (2,058)          
Repurchases of Class A common stock [2],[3] (502.8)           (502.8)    
Issuance of Class A common stock under 2015 Employee Stock Purchase Plan (ESPP) (in shares)       249          
Issuance of Class A common stock under 2015 Employee Stock Purchase Plan (ESPP) 19.5         19.5      
Impact of derivatives, net (5.5)             (5.5)  
Change in foreign currency translation adjustment 6.3             6.3  
Vesting of restricted stock units and other (in shares)       789          
Vesting of restricted stock units and other (0.2)         (0.1) (0.1)    
Ending balance (in shares) at Jun. 30, 2024   141,455 0 141,455 0        
Ending balance at Jun. 30, 2024 $ 157.0     $ 0.1 $ 0.0 $ 2,443.9 $ (2,422.8) $ 135.8  
[1] Includes a 1% excise tax on shares repurchased, net of the fair market value of new share issuances, of $3.8 million.
[2] Includes a 1% excise tax on shares repurchased, net of the fair market value of new share issuances, of $(0.5) million and $1.3 million for the three months ended March 31, 2024 and June 30, 2024, respectively.
[3] Includes $245.0 million of upfront payments to repurchase shares of our Class A common stock in conjunction with accelerated share repurchase agreements (ASRs) as further discussed in Note 4. No shares were initially received in connection with these ASRs.
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Consolidated Statements of Stockholders' Equity (Deficit) (unaudited) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Fair market value of new share issuances $ 1.3 $ (0.5) $ 3.8
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Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Operating activities    
Net income $ 547.8 $ 130.5
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization [1] 70.3 92.0
Equity-based compensation expense 148.0 151.4
Deferred taxes (225.1) (12.2)
Loss on dispositions 1.9 16.8
Other 7.1 5.5
Changes in operating assets and liabilities, net of amounts acquired:    
Prepaid domain name registry fees (32.7) (38.6)
Accounts payable (52.4) 25.7
Accrued expenses and other current liabilities (39.3) 3.9
Deferred revenue 225.3 153.3
Other operating assets and liabilities (58.9) (60.0)
Net cash provided by operating activities 592.0 468.3
Investing activities    
Maturities of short-term investments 40.0 0.0
Purchases of intangible assets 0.0 (35.4)
Net proceeds received from dispositions 8.1 12.4
Purchases of property and equipment (7.2) (28.6)
Other investing activities 0.0 (0.4)
Net cash provided by (used in) investing activities 40.9 (52.0)
Proceeds received from:    
Issuance of term loans 2,752.3 0.0
Stock option exercises 3.9 4.7
Issuance of Class A common stock under ESPP 19.5 18.2
Payments made for:    
Repurchases of Class A common stock [2] (649.2) (611.7)
Repayment of long-term debt (2,762.3) (12.6)
Other financing obligations (10.4) (6.9)
Net cash used in financing activities (646.2) (608.3)
Effect of exchange rate changes on cash and cash equivalents (0.6) 0.6
Net decrease in cash and cash equivalents (13.9) (191.4)
Cash and cash equivalents, beginning of period 458.8 774.0
Cash and cash equivalents, end of period 444.9 582.6
Cash paid during the period for:    
Interest on long-term debt, including impact of interest rate swaps 76.5 88.4
Income taxes, net of refunds received 14.1 4.9
Amounts included in the measurement of operating lease liabilities 20.5 23.3
Supplemental disclosure of non-cash transactions    
Operating lease assets obtained in exchange for operating lease liabilities 11.4 9.3
Accrued purchases of property and equipment at period end 0.1 2.4
Share repurchases not yet settled $ 0.0 $ 15.6
[1]
Costs and operating expenses include equity-based compensation expense as follows:
Cost of revenue0.3 0.4 0.3 0.8 
Technology and development39.3 42.0 76.8 81.0 
Marketing and advertising7.9 7.3 15.2 13.9 
Customer care5.7 6.5 11.5 11.9 
General and administrative23.0 21.3 43.4 41.5 
Restructuring and other— — 0.8 2.3 
Total equity-based compensation expense$76.2 $77.5 $148.0 $151.4 
[2] The six months ended June 30, 2024 includes $245.0 million of upfront payments to repurchase shares of our Class A common stock in conjunction with ASRs as further discussed in Note 4.
v3.24.2.u1
Consolidated Statements of Cash Flows (unaudited) (Parenthetical) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Up-front payment for repurchase of common stock [1] $ 649.2 $ 611.7
New Accelerated Share Repurchase Agreement | Class A Common Stock    
Up-front payment for repurchase of common stock $ 245.0  
[1] The six months ended June 30, 2024 includes $245.0 million of upfront payments to repurchase shares of our Class A common stock in conjunction with ASRs as further discussed in Note 4.
v3.24.2.u1
Organization and Background
 6 Months Ended
Jun. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Background Organization and Background
Organization
We are the sole managing member of Desert Newco, LLC (Desert Newco), and as a result, we consolidate its financial results into the results and financial position of the Company. As of June 30, 2024, we owned 100% of Desert Newco.
On December 11, 2023, we completed a series of transactions (the DNC Restructure) designed to simplify our then existing capital structure, commonly referred to as an "Up-C" structure, and provide us with additional strategic flexibility. Completion of these transactions resulted in Desert Newco becoming a wholly-owned subsidiary of GoDaddy Inc. Pursuant to the DNC Restructure, all Limited Liability Company Units of Desert Newco not held by us or our subsidiaries were cancelled and converted into newly issued shares of our Class A common stock. Subsequent to the DNC Restructure, on January 1, 2024, Desert Newco was converted from a partnership to a disregarded entity and as a result we are now treated as a consolidated C corporation group for U.S. income tax purposes.
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, 2024.
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, 2023 (the 2023 Form 10-K).
Prior Period Presentation
Certain immaterial prior period amounts have been reclassified 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
We report our operating results through two reportable segments: Applications and Commerce (A&C) and Core Platform (Core), as further discussed in Note 16.
v3.24.2.u1
Summary of Significant Accounting Policies
 6 Months Ended
Jun. 30, 2024
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:
 June 30, 2024December 31, 2023
U.S.$133.3 $146.9 
France14.4 19.8 
All other international12.7 18.6 
$160.4 $185.3 
No other international country represented more than 10% of property and equipment, net in any period presented.
Equity Investments
We hold investments in privately held equity securities, which are recorded in other assets with a carrying value of $53.1 million as of June 30, 2024 and December 31, 2023.
Revenue Recognition
Disaggregated Revenue
Revenue by major product type was as follows:
 Three Months Ended June 30,
Six Months Ended June 30,
 2024202320242023
A&C$405.6 $351.7 $788.7 $689.7 
Core: domains529.2 492.7 1,061.2 984.8 
Core: other189.7 203.7 383.1 409.6 
$1,124.5 $1,048.1 $2,233.0 $2,084.1 
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 June 30,Six Months Ended June 30,
 2024202320242023
U.S.$767.4 $707.0 $1,523.0 $1,402.4 
International357.1 341.1 710.0 681.7 
$1,124.5 $1,048.1 $2,233.0 $2,084.1 
No single 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 assets was $195.8 million and $192.1 million for the three months ended June 30, 2024 and 2023, respectively, and was $389.6 million and $377.2 million for the six months ended June 30, 2024 and 2023, respectively.
Restructuring and Other
Restructuring and other primarily represents: (i) charges related to restructuring activities undertaken to reduce future operating expenses and improve cash flows through a combination of reductions in force during the six months ended June 30, 2024 and June 30, 2023 and the sale of certain assets and liabilities of our hosting business within our Core segment during the six months ended June 30, 2023; (ii) charges incurred related to the abandonment of right-of-use assets associated with certain operating leases during the six months ended June 30, 2024; and (iii) a charge related to the termination of a revenue sharing arrangement during the three months ended June 30, 2023. See Note 13 for further discussion.
Fair Value Measurements
Fair value is defined as an exit price, representing the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants. The framework for measuring fair value provides a three-tier hierarchy prioritizing inputs to valuation techniques used in measuring fair value as follows:
Level 1— Observable inputs such as quoted prices for identical assets or liabilities in active markets;
Level 2— Inputs, other than quoted prices for identical assets or liabilities in active markets, which are observable either directly or indirectly; and
Level 3— Unobservable inputs in which there is little or no market data requiring the reporting entity to develop its own assumptions.
We hold certain assets required to be measured at fair value on a recurring basis. These include time deposits and notice deposits, which we classify within Level 1 because we use quoted market prices to determine their fair value. Level 2 assets and liabilities include commercial paper and derivative financial instruments associated with hedging activity, as further discussed in Note 10. Derivative financial instruments are measured at fair value on the contract date and are subsequently remeasured each reporting period using inputs such as spot rates, discount rates and forward rates. There are no active markets for the hedge contracts themselves; however, the inputs used to calculate the fair value of the instruments are tied to active markets.
The following tables set forth our material assets and liabilities measured and recorded at fair value on a recurring basis:
June 30, 2024
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Notice deposits$50.0 $— $— $50.0 
Commercial paper— 29.9 — 29.9 
 Derivative assets— 149.4 — 149.4 
Total assets$50.0 $179.3 $— $229.3 
Liabilities:
 Derivative liabilities$— $3.6 $— $3.6 
December 31, 2023
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Commercial paper$— $39.6 $— $39.6 
Time deposits40.0 — — 40.0 
 Short-term investments:
Time deposits40.0 40.0 
 Derivative assets— 128.6 — 128.6 
Total assets$80.0 $168.2 $— $248.2 
Liabilities:
 Derivative liabilities $— $46.4 $— $46.4 
We have no other material assets or liabilities measured at fair value on a recurring basis.
Recent Accounting Pronouncements
In November 2023, the Financial Standards Accounting Board (FASB) issued guidance to update reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance. This update is effective for the 2024 fiscal year and interim periods in fiscal year 2025, with early adoption permitted, and will be applied retrospectively for all periods presented. We are currently evaluating the impact that the adoption of this standard will have on our consolidated financial statements.
In December 2023, the FASB issued guidance to enhance the transparency and decision usefulness of income tax disclosures. The amendments in this guidance require additional disclosures about income taxes, primarily focused on the disclosure of income taxes paid and the rate reconciliation table. The new guidance will be effective for the 2025 fiscal year, with early adoption permitted. We are currently evaluating the impact of this standard on our disclosures within our consolidated financial statements.
v3.24.2.u1
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2024
Goodwill and Intangible Assets Disclosure [Abstract]  
Goodwill and Intangible Assets Goodwill and Intangible Assets
The following table summarizes changes in our goodwill balance by segment:
A&CCoreTotal
Balance at December 31, 2023$1,513.6 $2,055.7 $3,569.3 
Impact of foreign currency translation(9.5)(13.1)(22.6)
Less: goodwill related to disposition of a business— (1.7)(1.7)
Balance at June 30, 2024$1,504.1 $2,040.9 $3,545.0 
Intangible assets, net are summarized as follows:
June 30, 2024
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio231.8 n/a231.8 
Contractual-based assets292.7 n/a292.7 
Finite-lived intangible assets:
Customer-related402.5 $(325.3)77.2 
Developed technology237.1 (207.4)29.7 
Trade names and other95.0 (64.1)30.9 
$1,704.1 $(596.8)$1,107.3 

 December 31, 2023
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio233.6 n/a233.6 
Contractual-based assets292.7 n/a292.7 
Finite-lived intangible assets:
Customer-related459.3 $(352.2)107.1 
Developed technology246.8 (205.6)41.2 
Trade names and other104.8 (65.8)39.0 
$1,782.2 $(623.6)$1,158.6 
Amortization expense was $19.2 million and $26.1 million for the three months ended June 30, 2024 and 2023, respectively, and was $39.7 million and $58.8 million for the six months ended June 30, 2024 and 2023, respectively. As of June 30, 2024, the weighted-average remaining amortization period for amortizable intangible assets was 21 months for customer-related, 19 months for developed technology and 40 months for trade names and other, and was 25 months in total.
Based on the balance of finite-lived intangible assets as of June 30, 2024, expected future amortization expense is as follows:
Year Ending December 31:
2024 (remainder of)$37.4 
202570.6 
202622.5 
20274.2 
20281.9 
Thereafter1.2 
$137.8 
v3.24.2.u1
Stockholders' Equity
 6 Months Ended
Jun. 30, 2024
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Share Repurchases
Our board of directors has authorized a share repurchase program of up to $4,000.0 million. During the six months ended June 30, 2024, we repurchased a total of 3,303 shares of our Class A common stock in the open market, which were retired upon repurchase, for an aggregate purchase price of $404.2 million. As of June 30, 2024, we had $1,031.3 million of remaining authorization available for repurchases.
During the three months ended June 30, 2024, we entered into accelerated repurchase agreements (ASRs) to repurchase shares of our Class A common stock in exchange for an upfront payment of $245.0 million. No shares were initially received in connection with these ASRs. The total number of shares ultimately delivered under each ASR, and therefore the average purchase price paid per share, will be determined based on the volume weighted-average price of our stock during the applicable purchase period. The shares received will be retired at the time of delivery and the upfront payment was accounted for as an increase in 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, the ASRs were not accounted for as derivative instruments. The ASRs are expected to be completed in the third quarter of 2024.
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Prepaid Expenses and Other Current Assets
 6 Months Ended
Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Prepaid Expenses and Other Current Assets Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following:
June 30, 2024December 31, 2023
Derivative assets$149.4 $128.6 
Prepaid software and maintenance expenses49.2 23.0 
Other39.5 25.6 
$238.1 $177.2 
v3.24.2.u1
Equity-Based Compensation Plans
 6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Equity-Based Compensation Plans Equity-Based Compensation Plans
Equity Plans
At our Annual Meeting of Stockholders on June 6, 2024 (the Annual Meeting), our stockholders approved the adoption of the GoDaddy Inc. 2024 Omnibus Incentive Plan (the 2024 Plan), which will replace our 2015 Equity Incentive Plan on a prospective basis. Under the 2024 Plan, we may grant shares of our Class A common stock in the form of stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards, performance stock units and other stock- and cash-based awards. 9,085 shares of Class A common stock were initially reserved for issuance under the 2024 Plan. If any award granted under the 2024 Plan or the 2015 Equity Incentive Plan expires or is canceled, forfeited, or otherwise settled without the issuance of Class A common stock, the Class A common stock covered by such award will return to the pool of reserved shares for issuance and will be available for subsequent grants under the terms of the 2024 Plan.
At the Annual Meeting, our stockholders also approved the adoption of the GoDaddy Inc. 2024 Employee Stock Purchase Plan (the 2024 ESPP), which will replace the 2015 Employee Stock Purchase Plan with the first offering period commencing in November 2024 upon the completion of the then in effect offering period under the 2015 Employee Stock Purchase Plan, with any subsequent offering periods being administered under the 2024 ESPP for as long as it is in effect. Under the 2024 ESPP, 4,605 shares of our Class A common stock are reserved for issuance. The 2024 ESPP enables eligible employees to purchase our Class A common stock at a price per share equal to 85% of the lower of the fair market value of our Class A common stock on the first trading day of the offering period or the last trading day of the offering period, whichever is lower.
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 as well as granted both stock options and restricted stock awards (RSUs) vesting solely upon the continued service of the recipient. Performance-based awards (PSUs) vest based on our relative total stockholder return (TSR) as compared to an index of public internet companies.
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, 2023
845 49.60 
Exercised(126)30.71 
Outstanding at June 30, 2024
719 52.92 
Vested at June 30, 2024
719 52.92 
The following table summarizes stock award activity:
Number of
Shares of Class A Common Stock (#)
Outstanding at December 31, 20236,257 
Granted: RSUs2,533 
Granted: TSR-based PSUs212 
TSR-based PSU achievement above target230 
Vested(2,333)
Forfeited(457)
Outstanding at June 30, 2024(1)
6,442 
_________________________________
(1)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 ($)
RSUs5,791 92.88
TSR-based PSUs651 142.30
Outstanding at June 30, 20246,442 
As of June 30, 2024, total unrecognized compensation expense related to non-vested equity grants was $483.8 million with an expected remaining weighted-average recognition period of 2.1 years.
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Deferred Revenue
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Deferred Revenue Deferred Revenue
Deferred revenue consisted of the following:
June 30, 2024December 31, 2023
Current:
A&C$776.6 $683.8 
Core1,453.8 1,391.1 
$2,230.4 $2,074.9 
Noncurrent:
A&C$194.5 $173.5 
Core671.6 628.9 
$866.1 $802.4 
The increase in deferred revenue was primarily driven by payments received in advance of satisfying our performance obligations, offset by $616.1 million and $1,426.4 million of revenue recognized during the three and six months ended June 30, 2024, respectively, which was included in deferred revenue as of December 31, 2023. Deferred revenue as of June 30, 2024 represents our aggregate remaining performance obligations that will be recognized as revenue over the period in which the performance obligations are expected to be satisfied, as follows:
Remainder of 2024
2025202620272028ThereafterTotal
A&C$544.1 $312.5 $85.5 $19.5 $5.8 $3.7 $971.1 
Core963.5 712.7 230.1 96.7 52.1 70.3 2,125.4 
$1,507.6 $1,025.2 $315.6 $116.2 $57.9 $74.0 $3,096.5 
v3.24.2.u1
Accrued Expenses and Other Current Liabilities
 6 Months Ended
Jun. 30, 2024
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:
June 30, 2024December 31, 2023
Accrued payroll and employee benefits$106.8 $143.6 
Tax-related accruals62.3 56.2 
Current portion of operating lease liabilities31.1 29.1 
Accrued legal and professional27.0 34.2 
Accrued marketing and advertising19.0 12.3 
Accrued interest13.5 13.6 
Accrued restructuring costs6.5 7.4 
Accrued acquisition-related expenses6.3 20.6 
Derivative liabilities3.6 46.4 
Other89.0 78.8 
$365.1 $442.2 
v3.24.2.u1
Long-Term Debt
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
Long-term debt consisted of the following:
 Maturity DateJune 30, 2024December 31, 2023
2029 Term Loans (effective interest rate of 7.9% at June 30, 2024 and 8.4% at December 31, 2023)
November 10, 2029$1,466.2 $1,752.3 
2031 Term Loans (effective interest rate of 7.6% at June 30, 2024)
May 31, 20311,000.0 — 
2027 Term Loans (effective interest rate of 7.4% at December 31, 2023)
August 10, 2027— 723.8 
2027 Senior Notes (effective interest rate of 5.5% at June 30, 2024 and 5.4% at December 31, 2023)
December 1, 2027600.0 600.0 
2029 Senior Notes (effective interest rate of 3.7% at June 30, 2024 and 3.6% at December 31, 2023)
March 1, 2029800.0 800.0 
Revolver
November 10, 2027— — 
Total3,866.2 3,876.1 
Less: unamortized original issue discount and debt issuance costs(1)
(61.5)(59.7)
Less: current portion of long-term debt(17.0)(17.9)
$3,787.7 $3,798.5 
    
_________________________________
(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 2023 Form 10-K, our secured credit agreement (the Credit Facility) includes two tranches of 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.
In January 2024, we entered into an amendment to the Credit Facility to provide for a new tranche of term loans maturing in 2029, the proceeds of which were used to refinance our existing term loans (the 2029 Term Loans). Pursuant to this amendment, the 2029 Term Loans were issued at par and bear interest at a rate equal to, at our option, either (a) Secured Overnight Financing Rate (SOFR) for the applicable interest period plus a margin of 2.0% per annum or (b) a margin of 1.0% per annum plus the highest of (i) the Federal Funds Rate plus 0.5%, (ii) the Prime Rate or (iii) SOFR for an interest period of one month plus 1.0%.
In May 2024, we entered into an amendment to the Credit Facility to provide for a new tranche of term loans maturing in 2031, the proceeds of which were used to refinance and extend the maturity of our 2027 Term Loans as defined in our 2023 Form 10-K to 2031 (the 2031 Term Loans) and repay a portion of our 2029 Term Loans. The amortization rate for the 2031 Term Loans is 1.00% per annum and the first installment is payable on or about September 30, 2024. Pursuant to this amendment, the 2031 Term Loans were issued at an applicable margin of (i) 1.75% for the term loans that are SOFR Loans and (ii) 0.75% for the term loans that are ABR Loans.
As of June 30, 2024, we had $998.7 million available for borrowing under the Revolver as $1.3 million has been used to secure the issuance of standby letters of credit. We were not in violation of any covenants of the Credit Facility as of June 30, 2024.
Senior Notes
As described in our 2023 Form 10-K, we have completed two offerings of senior notes (the 2027 Senior Notes and the 2029 Senior Notes, together the Senior Notes). We were not in violation of any covenants of the Senior Notes as of June 30, 2024.
Fair Value
The estimated fair values of our long-term debt instruments are based on observable market prices for these instruments, which are traded in less active markets and therefore classified as Level 2 fair value measurements, and were as follows as of June 30, 2024:
2029 Term Loans$1,470.4 
2031 Term Loans$1,000.0 
2027 Senior Notes$587.1 
2029 Senior Notes$720.5 
Future Debt Maturities
Aggregate principal payments, exclusive of any unamortized original issue discount and debt issuance costs, due on long-term debt as of June 30, 2024 were as follows:
Year Ending December 31:
2024 (remainder of)$12.3 
202524.7 
202624.7 
2027624.7 
202824.7 
Thereafter3,155.1 
$3,866.2 
v3.24.2.u1
Derivatives and Hedging
 6 Months Ended
Jun. 30, 2024
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)
 June 30, 2024December 31, 2023June 30, 2024December 31, 2023June 30, 2024December 31, 2023
Cash flow hedges:
Foreign exchange forward contracts$718.2 $592.1 $3.9 $1.4 $3.6 $14.7 
Cross-currency swaps(1)
541.4 560.8 1.0 — — 13.9 
Interest rate swaps1,949.4 1,959.7 143.2 127.2 — — 
Net investment hedges:
Cross-currency swaps(1)
694.0 718.8 1.3 — — 17.8 
Total hedges$3,903.0 $3,831.4 $149.4 $128.6 $3.6 $46.4 
_________________________________
(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 1.07 and 1.10 as of June 30, 2024 and December 31, 2023, 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 accumulated other comprehensive income (AOCI):
Unrealized Gains (Losses) Recognized in Other Comprehensive Income
 Three Months EndedSix Months Ended
June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Cash flow hedges:
Foreign exchange forward contracts(1)
$1.2 $(9.0)$10.5 $(15.9)
Cross-currency swaps(0.1)(6.6)(2.2)(4.6)
Interest rate swaps(5.4)33.4 15.7 (1.2)
Net investment hedges:
Cross-currency swaps5.8 (12.9)19.0 (19.3)
Total hedges$1.5 $4.9 $43.0 $(41.0)
_________________________________
(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 June 30, 2024Three Months Ended June 30, 2023
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Cash flow hedges:
Foreign exchange forward contracts:
Reclassified from AOCI into income$1.3 $— $— $4.9 $— $— 
Cross-currency swaps:
Reclassified from AOCI into income(1)
— 2.5 4.0 — 2.4 (3.5)
Interest rate swaps:
Reclassified from AOCI into income— 18.7 — — 16.4 — 
Net investment hedges:
Cross-currency swaps:
Reclassified from AOCI into income— 3.2 — — 3.1 — 
Total hedges$1.3 $24.4 $4.0 $4.9 $21.9 $(3.5)
_________________________________
(1)The amounts reflected in other income (expense), net include $(4.1) million and $3.5 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 June 30, 2024 and 2023, respectively.
Six Months Ended June 30, 2024Six Months Ended June 30, 2023
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Cash flow hedges:
Foreign exchange forward contracts:
Reclassified from AOCI into income$2.9 $— $— $9.7 $— $— 
Cross-currency swaps:
Reclassified from AOCI into income(1)
— 4.9 16.4 — 4.8 (10.6)
Interest rate swaps:
Reclassified from AOCI into income— 36.7 — — 30.5 — 
Net investment hedges:
Cross-currency swaps:
Reclassified from AOCI into income— 6.3 — — 6.3 — 
Total hedges$2.9 $47.9 $16.4 $9.7 $41.6 $(10.6)
_________________________________
(1)The amounts reflected in other income (expense), net include $(16.5) million and $10.5 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 six months ended June 30, 2024 and 2023, respectively.

As of June 30, 2024, we estimate that $96.9 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 June 30, 2024, all such contracts had maturities of 24 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 previously issued term loans maturing in 2024, which were refinanced with the 2029 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 2029 Term Loans to a fixed rate of 4.81%. In November 2022, in conjunction with the concurrent Credit Facility refinancing discussed in our 2023 Form 10-K, we terminated these swaps and entered into new SOFR-based interest rate swaps. This modification impacted no critical terms other than the reference rate change from LIBOR to SOFR and thus had no impact on our hedging relationships or financial statements.
In August 2020, in conjunction with the issuance of the 2027 Term Loans as defined in our 2023 Form 10-K, 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. In May 2023, in conjunction with the concurrent Credit Facility amendment, we terminated these swaps and entered into new SOFR-based interest rate swaps. This modification impacted no critical terms other than the reference rate change from LIBOR to SOFR and thus had no impact on our hedging relationships or financial statements.
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.
v3.24.2.u1
Leases
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Leases Leases
Our operating leases primarily consist of office and data center space expiring at various dates through October 2034. 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 June 30, 2024, operating leases have a remaining weighted-average lease term of 6.3 years and our operating lease liabilities were measured using a weighted-average discount rate of 5.5%.
The components of operating lease expense were as follows:
Three Months EndedSix Months Ended
 June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Operating lease costs$6.9 $9.6 $14.5 $19.4 
Variable lease costs3.0 3.8 6.7 7.6 
Sublease income(1.8)(2.2)(4.7)(4.5)
Total net lease cost$8.1 $11.2 $16.5 $22.5 
During the six months ended June 30, 2024, we recognized $6.0 million of expense related to the abandonment of certain operating leases, which is included within restructuring and other and excluded from the table above.
v3.24.2.u1
Commitments and Contingencies
 6 Months Ended
Jun. 30, 2024
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, suits, regulatory and government investigations, other proceedings and consent decrees in 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 reasonably estimable.
There have been no material changes outside of the ordinary course of business to our known contractual obligations, which were included in Note 13 of Item 8 of our 2023 Form 10-K.
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.
Our accrual for estimated indirect tax liabilities was $25.7 million and $23.6 million as of June 30, 2024 and December 31, 2023, 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.
v3.24.2.u1
Restructuring and Other Charges and Disposition of Businesses and Related Assets
 6 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges and Disposition of Businesses and Related Assets Restructuring and Other Charges and Disposition of Businesses and Related Assets
During the six months ended June 30, 2024, we implemented restructuring activities to further reduce operating expenses and improve cash flows through a reduction in force, which impacted approximately 275 employees. In conjunction with these restructuring activities, we recognized $6.0 million and $17.1 million of pre-tax restructuring charges in our statement of operations related to severance, employee benefits and equity-based compensation during the three and six months ended June 30, 2024, respectively. Of the $6.0 million of pre-tax restructuring charges recognized during the three months ended June 30, 2024, $1.9 million and $4.1 million were recognized within our A&C and Core segments, respectively. Of the $17.1 million of pre-tax restructuring charges recognized during the six months ended June 30, 2024, $6.4 million and $10.1 million were recognized within our A&C and Core segments, respectively, and $0.6 million was recognized as corporate overhead.
Cash payments of $8.8 million and $10.1 million related to the restructuring activities described above were made during the three and six months ended June 30, 2024, respectively. We expect to make substantially all remaining restructuring payments by the end of the fourth quarter of 2024.
The following table shows the total amount incurred and the accrued restructuring costs, which are recorded in accrued expenses and other current liabilities in our balance sheet, for severance and employee benefits:
 Accrued Restructuring Costs
Accrued restructuring costs as of December 31, 2023$7.4 
Restructuring costs incurred during the six months ended June 30, 2024(1)
16.7 
Amount paid during the six months ended June 30, 2024
(17.6)
Accrued restructuring costs as of June 30, 2024
$6.5 
Accrued restructuring costs as of December 31, 2022$— 
Restructuring costs incurred during the six months ended June 30, 2023(1)
31.5 
Amount paid during the six months ended June 30, 2023
(25.5)
Accrued restructuring costs as of June 30, 2023
$6.0 
________________________________
(1)The six months ended June 30, 2024 and June 30, 2023, excludes $0.8 million and $2.3 million, respectively, of equity-based compensation expense associated with our restructuring plans which was recorded within additional paid-in capital.
During the six months ended June 30, 2024, we also recognized $6.0 million of expense related to the abandonment of certain operating leases as discussed in Note 11. During the six months ended June 30, 2023, we recognized a $16.8 million charge in connection with the planned disposition of certain assets and liabilities of our hosting business within our Core segment which occurred on June 30, 2023 and a charge of $17.0 million related to the termination of a revenue sharing agreement.
v3.24.2.u1
Income Taxes
 6 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
We completed the DNC Restructure to simplify our capital structure, and on January 1, 2024, Desert Newco was converted from a partnership to a disregarded entity for U.S. income tax purposes. As a result, we now account for our deferred taxes related to Desert Newco based on the inside basis differences of our assets and liabilities where prior to the DNC Restructure we accounted for our deferred tax assets and liabilities related to Desert Newco based on the outside basis difference of our investment in Desert Newco. In connection with this change, we adjusted certain temporary differences on existing assets and liabilities which resulted in a one-time non-cash income tax benefit in the first quarter of 2024 of $267.4 million.
The components of our deferred taxes before and after the DNC restructuring are as follows:
January 1, 2024December 31, 2023
(Post-DNC Restructure)(Pre-DNC Restructure)
Deferred tax assets (DTAs) related to:
Deferred revenue$636.3 $— 
Goodwill385.2 — 
Net operating losses (NOLs)198.9 473.1 
Intangible assets168.0 (40.0)
Tax credits167.6 167.6 
Deferred interest44.0 44.0 
Operating lease liabilities31.8 15.3 
Accrued expenses24.2 — 
Investment in Desert Newco— 697.2 
Other27.2 9.3 
Valuation allowance(167.0)(377.5)
Total DTAs1,516.2 989.0 
Deferred tax liabilities (DTLs) related to:
Deferred cost of revenue(149.2)— 
Unrealized gains(71.9)— 
Operating lease assets(18.1)(6.4)
Original issue discount and debt issuance costs(14.0)— 
Total DTLs(253.2)(6.4)
Net DTAs$1,263.0 $982.6 
Our effective tax rate differs from the U.S. federal statutory rate primarily due to a one-time benefit related to the DNC Restructure, U.S. research and development tax credits and excess tax benefits related to equity-based compensation.
We monitor the realizability of our DTAs considering all relevant factors at each reporting period. As of June 30, 2024, based on the relevant weight of positive and negative evidence, including our ability to forecast future operating results, historical tax losses and our ability to utilize DTAs within the requisite carryforward periods, we do not maintain a valuation allowance on the majority of our U.S. federal and state DTAs. During the six months ended June 30, 2024, management applied judgment and recorded a $13.0 million tax benefit for the reversal of a valuation allowance as a result of changes to our U.S. filing group from the DNC Restructure.
We do maintain valuation allowances on certain U.S., state and foreign carry forwards as we concluded they are not more likely than not to be realized.
Uncertain Tax Positions
The total amount of gross unrecognized tax benefits was $175.2 million as of June 30, 2024, of which $48.6 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.
v3.24.2.u1
Income Per Share
 6 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
Income Per Share Income Per Share
Basic 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 June 30,Six Months Ended June 30,
 2024202320242023
Numerator:
Net income$146.3 $83.1 $547.8 $130.5 
Less: net income attributable to non-controlling interests— 0.2 — 0.3 
Net income attributable to GoDaddy Inc.$146.3 $82.9 $547.8 $130.2 
Denominator:
Weighted-average shares of Class A common stock outstanding—basic141,269 152,328 141,899 153,221 
Effect of dilutive securities:
Class B common stock— 307 — 308 
Stock options448 453 449 492 
RSUs, PSUs and ESPP shares2,927 976 2,973 1,735 
Weighted-average shares of Class A Common stock outstanding—diluted144,644 154,064 145,321 155,756 
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic$1.04 $0.54 $3.86 $0.85 
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted$1.01 $0.54 $3.77 $0.84 

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 June 30,Six Months Ended June 30,
 2024202320242023
Stock options— 184 — 99 
RSUs, PSUs and ESPP shares443 2,603 292 618 
443 2,787 292 717 

During the three months ended June 30, 2024, we entered into ASRs to repurchase shares of our Class A common stock in exchange for an upfront payment of $245.0 million. No shares were initially received in connection with these ASRs. See Note 4 for further discussion. For purposes of computing earnings per share, the share repurchases that are expected to occur in the third quarter of 2024 will be reflected as a reduction to weighted-average shares of Class A common stock outstanding on the respective delivery dates.
v3.24.2.u1
Segment Information
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Segment Information Segment Information
We report our operating results through two reportable segments: A&C and Core.
Our chief operating decision maker (CODM), which, as of June 30, 2024, was our Chief Executive Officer, evaluates the performance of and allocates resources to our segments based on each segment's revenue and earnings before interest, taxes, depreciation and amortization (Segment EBITDA). Segment EBITDA is defined as segment revenues less costs and operating expenses, excluding depreciation and amortization, interest expense (net), provision or benefit for income taxes, equity-based
compensation expense, acquisition-related costs, restructuring-related expenses and certain other items. We believe Segment EBITDA serves as a measure that assists our CODM and our investors in comparing our segments' performance on a consistent basis.
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, notably our website building products, as well as our commerce products and third-party email and productivity solutions and 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 primarily includes general and administrative expenses and items not allocated to either segment as well as those costs specifically excluded from Segment EBITDA, our segment measure of profitability, such as depreciation and amortization, interest expense and income and provision or benefit for income taxes.
The following table presents our segment information for the periods indicated:
 Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Revenue:
A&C$405.6 $351.7 $788.7 $689.7 
Core718.9 696.4 1,444.3 1,394.4 
Total revenue$1,124.5 $1,048.1 $2,233.0 $2,084.1 
Segment EBITDA:
A&C$176.6 $142.7 $338.5 $275.1 
Core219.5 191.0 436.2 380.0 
Total Segment EBITDA396.1 333.7 774.7 655.1 
Unallocated corporate overhead(64.4)(69.1)(130.0)(140.8)
Depreciation and amortization(33.1)(43.5)(70.3)(92.0)
Equity-based compensation expense(1)
(76.2)(77.5)(147.2)(149.1)
Interest expense, net of interest income(34.5)(37.4)(69.2)(75.4)
Acquisition-related expenses, net of reimbursements0.8 (4.2)(0.1)(8.6)
Restructuring and other (2)
(13.8)(21.2)(39.8)(60.8)
Income before income taxes174.9 80.8 318.1 128.4 
Benefit (provision) for income taxes(28.6)2.3 229.7 2.1 
Net income$146.3 $83.1 $547.8 $130.5 
_________________________________
(1)The six months ended June 30, 2024 and June 30, 2023 excludes $0.8 million and $2.3 million, respectively, of equity-based compensation expense associated with our restructuring activities which is included within restructuring and other.
(2)In addition to the restructuring and other in our statements of operations, other charges included are primarily composed of lease-related expenses associated with closed facilities, charges related to certain legal matters, adjustments to the fair value of our equity investments, expenses incurred in relation to the refinancing of our long-term debt, and incremental expenses associated with certain professional services.
v3.24.2.u1
Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2024
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, 2023(2)
$(83.6)$195.0 $111.4 
Other comprehensive income (loss) before reclassifications10.1 (52.9)(42.8)
Amounts reclassified from AOCI— 67.2 67.2 
Other comprehensive income10.1 14.3 24.4 
Balance as of June 30, 2024$(73.5)$209.3 $135.8 
Gross balance as of December 31, 2022(2)
$(75.0)$253.4 $178.4 
Other comprehensive income (loss) before reclassifications10.3 (62.4)(52.1)
Amounts reclassified from AOCI(4.3)40.7 36.4 
Other comprehensive income (loss)6.0 (21.7)(15.7)
$(69.0)$231.7 162.7 
Less: AOCI attributable to non-controlling interests(0.3)
Balance as of June 30, 2023$162.4 
_________________________________
(1)Amounts shown for our foreign exchange forward contracts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
(2)Beginning balance is presented on a gross basis, excluding the allocation of AOCI attributable to non-controlling interests.
v3.24.2.u1
Pay vs Performance Disclosure - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Pay vs Performance Disclosure        
Net Income (Loss) $ 146.3 $ 82.9 $ 547.8 $ 130.2
v3.24.2.u1
Insider Trading Arrangements
 3 Months Ended 6 Months Ended
Jun. 30, 2024
shares
Jun. 30, 2024
shares
Trading Arrangements, by Individual    
Non-Rule 10b5-1 Arrangement Adopted false  
Rule 10b5-1 Arrangement Terminated false  
Non-Rule 10b5-1 Arrangement Terminated false  
Mark McCaffrey [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On May 29, 2024, Mark McCaffrey, Chief Financial Officer, adopted a 10b5-1 trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The 10b5-1 trading plan provides for the sale of an aggregate of 22,000 shares of the company's Class A common stock between August 2024 and August 2025.
Name Mark McCaffrey  
Title Chief Financial Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date May 29, 2024  
Expiration Date August 2025  
Arrangement Duration 395 days  
Aggregate Available 22,000 22,000
Nick Daddario [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On June 10, 2024, Nick Daddario, Chief Accounting Officer, adopted a 10b5-1 trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The 10b5-1 trading plan provides for the sale of an aggregate of 2,976 shares of the company's Class A common stock between September 2024 and September 2025.
Name Nick Daddario  
Title Chief Accounting Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date June 10, 2024  
Expiration Date September 2025  
Arrangement Duration 394 days  
Aggregate Available 2,976 2,976
Rogen Chen [Member]    
Trading Arrangements, by Individual    
Material Terms of Trading Arrangement  
On June 10, 2024, Roger Chen, Chief Operating Officer, adopted a 10b5-1 trading plan intended to satisfy the affirmative defense of Rule 10b5-1(c) under the Exchange Act. The 10b5-1 trading plan provides for the sale of an aggregate of 13,000 shares of the company's Class A common stock between September 2024 and September 2025.
Roger Chen [Member]    
Trading Arrangements, by Individual    
Name Roger Chen  
Title Chief Operating Officer  
Rule 10b5-1 Arrangement Adopted true  
Adoption Date June 10, 2024  
Expiration Date September 2025  
Arrangement Duration 394 days  
Aggregate Available 13,000 13,000
v3.24.2.u1
Summary of Significant Accounting Policies (Policies)
 6 Months Ended
Jun. 30, 2024
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, 2024.
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, 2023 (the 2023 Form 10-K).
Prior Period Presentation
Certain immaterial prior period amounts have been reclassified 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
We report our operating results through two reportable segments: Applications and Commerce (A&C) and Core Platform (Core), as further discussed in Note 16.
Assets Recognized from Contract Costs
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.
Restructuring and Other
Restructuring and Other
Restructuring and other primarily represents: (i) charges related to restructuring activities undertaken to reduce future operating expenses and improve cash flows through a combination of reductions in force during the six months ended June 30, 2024 and June 30, 2023 and the sale of certain assets and liabilities of our hosting business within our Core segment during the six months ended June 30, 2023; (ii) charges incurred related to the abandonment of right-of-use assets associated with certain operating leases during the six months ended June 30, 2024; and (iii) a charge related to the termination of a revenue sharing arrangement during the three months ended June 30, 2023.
Fair Value Measurements
Fair Value Measurements
Fair value is defined as an exit price, representing the amount that would be received to sell an asset, or paid to transfer a liability, in an orderly transaction between market participants. The framework for measuring fair value provides a three-tier hierarchy prioritizing inputs to valuation techniques used in measuring fair value as follows:
Level 1— Observable inputs such as quoted prices for identical assets or liabilities in active markets;
Level 2— Inputs, other than quoted prices for identical assets or liabilities in active markets, which are observable either directly or indirectly; and
Level 3— Unobservable inputs in which there is little or no market data requiring the reporting entity to develop its own assumptions.
We hold certain assets required to be measured at fair value on a recurring basis. These include time deposits and notice deposits, which we classify within Level 1 because we use quoted market prices to determine their fair value. Level 2 assets and liabilities include commercial paper and derivative financial instruments associated with hedging activity, as further discussed in Note 10. Derivative financial instruments are measured at fair value on the contract date and are subsequently remeasured each reporting period using inputs such as spot rates, discount rates and forward rates. There are no active markets for the hedge contracts themselves; however, the inputs used to calculate the fair value of the instruments are tied to active markets.
Recent Accounting Pronouncements
In November 2023, the Financial Standards Accounting Board (FASB) issued guidance to update reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses and information used to assess segment performance. This update is effective for the 2024 fiscal year and interim periods in fiscal year 2025, with early adoption permitted, and will be applied retrospectively for all periods presented. We are currently evaluating the impact that the adoption of this standard will have on our consolidated financial statements.
In December 2023, the FASB issued guidance to enhance the transparency and decision usefulness of income tax disclosures. The amendments in this guidance require additional disclosures about income taxes, primarily focused on the disclosure of income taxes paid and the rate reconciliation table. The new guidance will be effective for the 2025 fiscal year, with early adoption permitted. We are currently evaluating the impact of this standard on our disclosures within our consolidated financial statements.
v3.24.2.u1
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2024
Accounting Policies [Abstract]  
Property and Equipment, Net by Geography
Property and equipment, net by geography was as follows:
 June 30, 2024December 31, 2023
U.S.$133.3 $146.9 
France14.4 19.8 
All other international12.7 18.6 
$160.4 $185.3 
Revenue by Product Type
Revenue by major product type was as follows:
 Three Months Ended June 30,
Six Months Ended June 30,
 2024202320242023
A&C$405.6 $351.7 $788.7 $689.7 
Core: domains529.2 492.7 1,061.2 984.8 
Core: other189.7 203.7 383.1 409.6 
$1,124.5 $1,048.1 $2,233.0 $2,084.1 
Revenue by Geography
Revenue by geography is based on the customer's billing address and was as follows:
 Three Months Ended June 30,Six Months Ended June 30,
 2024202320242023
U.S.$767.4 $707.0 $1,523.0 $1,402.4 
International357.1 341.1 710.0 681.7 
$1,124.5 $1,048.1 $2,233.0 $2,084.1 
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:
June 30, 2024
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Notice deposits$50.0 $— $— $50.0 
Commercial paper— 29.9 — 29.9 
 Derivative assets— 149.4 — 149.4 
Total assets$50.0 $179.3 $— $229.3 
Liabilities:
 Derivative liabilities$— $3.6 $— $3.6 
December 31, 2023
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Commercial paper$— $39.6 $— $39.6 
Time deposits40.0 — — 40.0 
 Short-term investments:
Time deposits40.0 40.0 
 Derivative assets— 128.6 — 128.6 
Total assets$80.0 $168.2 $— $248.2 
Liabilities:
 Derivative liabilities $— $46.4 $— $46.4 
v3.24.2.u1
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2024
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, 2023$1,513.6 $2,055.7 $3,569.3 
Impact of foreign currency translation(9.5)(13.1)(22.6)
Less: goodwill related to disposition of a business— (1.7)(1.7)
Balance at June 30, 2024$1,504.1 $2,040.9 $3,545.0 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets, net are summarized as follows:
June 30, 2024
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio231.8 n/a231.8 
Contractual-based assets292.7 n/a292.7 
Finite-lived intangible assets:
Customer-related402.5 $(325.3)77.2 
Developed technology237.1 (207.4)29.7 
Trade names and other95.0 (64.1)30.9 
$1,704.1 $(596.8)$1,107.3 

 December 31, 2023
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio233.6 n/a233.6 
Contractual-based assets292.7 n/a292.7 
Finite-lived intangible assets:
Customer-related459.3 $(352.2)107.1 
Developed technology246.8 (205.6)41.2 
Trade names and other104.8 (65.8)39.0 
$1,782.2 $(623.6)$1,158.6 
Schedule of Finite-Lived Intangible Assets
Intangible assets, net are summarized as follows:
June 30, 2024
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio231.8 n/a231.8 
Contractual-based assets292.7 n/a292.7 
Finite-lived intangible assets:
Customer-related402.5 $(325.3)77.2 
Developed technology237.1 (207.4)29.7 
Trade names and other95.0 (64.1)30.9 
$1,704.1 $(596.8)$1,107.3 

 December 31, 2023
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio233.6 n/a233.6 
Contractual-based assets292.7 n/a292.7 
Finite-lived intangible assets:
Customer-related459.3 $(352.2)107.1 
Developed technology246.8 (205.6)41.2 
Trade names and other104.8 (65.8)39.0 
$1,782.2 $(623.6)$1,158.6 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Based on the balance of finite-lived intangible assets as of June 30, 2024, expected future amortization expense is as follows:
Year Ending December 31:
2024 (remainder of)$37.4 
202570.6 
202622.5 
20274.2 
20281.9 
Thereafter1.2 
$137.8 
v3.24.2.u1
Prepaid Expenses and Other Current Assets (Tables)
 6 Months Ended
Jun. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]  
Schedule of Prepaid Expenses and Other Current Assets
Prepaid expenses and other current assets consisted of the following:
June 30, 2024December 31, 2023
Derivative assets$149.4 $128.6 
Prepaid software and maintenance expenses49.2 23.0 
Other39.5 25.6 
$238.1 $177.2 
v3.24.2.u1
Equity-Based Compensation Plans (Tables)
 6 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Award Activity
The following table summarizes stock option activity:
Number of
Shares of Class A Common Stock (#)		Weighted-
Average
Exercise
Price Per Share ($)
Outstanding at December 31, 2023
845 49.60 
Exercised(126)30.71 
Outstanding at June 30, 2024
719 52.92 
Vested at June 30, 2024
719 52.92 
The following table summarizes stock award activity:
Number of
Shares of Class A Common Stock (#)
Outstanding at December 31, 20236,257 
Granted: RSUs2,533 
Granted: TSR-based PSUs212 
TSR-based PSU achievement above target230 
Vested(2,333)
Forfeited(457)
Outstanding at June 30, 2024(1)
6,442 
_________________________________
(1)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 ($)
RSUs5,791 92.88
TSR-based PSUs651 142.30
Outstanding at June 30, 20246,442 
v3.24.2.u1
Deferred Revenue (Tables)
 6 Months Ended
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]  
Composition of Deferred Revenue
Deferred revenue consisted of the following:
June 30, 2024December 31, 2023
Current:
A&C$776.6 $683.8 
Core1,453.8 1,391.1 
$2,230.4 $2,074.9 
Noncurrent:
A&C$194.5 $173.5 
Core671.6 628.9 
$866.1 $802.4 
Expected Recognition of Deferred Revenue Deferred revenue as of June 30, 2024 represents our aggregate remaining performance obligations that will be recognized as revenue over the period in which the performance obligations are expected to be satisfied, as follows:
Remainder of 2024
2025202620272028ThereafterTotal
A&C$544.1 $312.5 $85.5 $19.5 $5.8 $3.7 $971.1 
Core963.5 712.7 230.1 96.7 52.1 70.3 2,125.4 
$1,507.6 $1,025.2 $315.6 $116.2 $57.9 $74.0 $3,096.5 
v3.24.2.u1
Accrued Expenses and Other Current Liabilities (Tables)
 6 Months Ended
Jun. 30, 2024
Payables and Accruals [Abstract]  
Composition of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
June 30, 2024December 31, 2023
Accrued payroll and employee benefits$106.8 $143.6 
Tax-related accruals62.3 56.2 
Current portion of operating lease liabilities31.1 29.1 
Accrued legal and professional27.0 34.2 
Accrued marketing and advertising19.0 12.3 
Accrued interest13.5 13.6 
Accrued restructuring costs6.5 7.4 
Accrued acquisition-related expenses6.3 20.6 
Derivative liabilities3.6 46.4 
Other89.0 78.8 
$365.1 $442.2 
v3.24.2.u1
Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2024
Debt Disclosure [Abstract]  
Composition of Long-Term Debt
Long-term debt consisted of the following:
 Maturity DateJune 30, 2024December 31, 2023
2029 Term Loans (effective interest rate of 7.9% at June 30, 2024 and 8.4% at December 31, 2023)
November 10, 2029$1,466.2 $1,752.3 
2031 Term Loans (effective interest rate of 7.6% at June 30, 2024)
May 31, 20311,000.0 — 
2027 Term Loans (effective interest rate of 7.4% at December 31, 2023)
August 10, 2027— 723.8 
2027 Senior Notes (effective interest rate of 5.5% at June 30, 2024 and 5.4% at December 31, 2023)
December 1, 2027600.0 600.0 
2029 Senior Notes (effective interest rate of 3.7% at June 30, 2024 and 3.6% at December 31, 2023)
March 1, 2029800.0 800.0 
Revolver
November 10, 2027— — 
Total3,866.2 3,876.1 
Less: unamortized original issue discount and debt issuance costs(1)
(61.5)(59.7)
Less: current portion of long-term debt(17.0)(17.9)
$3,787.7 $3,798.5 
    
_________________________________
(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 instruments, which are traded in less active markets and therefore classified as Level 2 fair value measurements, and were as follows as of June 30, 2024:
2029 Term Loans$1,470.4 
2031 Term Loans$1,000.0 
2027 Senior Notes$587.1 
2029 Senior Notes$720.5 
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 June 30, 2024 were as follows:
Year Ending December 31:
2024 (remainder of)$12.3 
202524.7 
202624.7 
2027624.7 
202824.7 
Thereafter3,155.1 
$3,866.2 
v3.24.2.u1
Derivatives and Hedging (Tables)
 6 Months Ended
Jun. 30, 2024
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)
 June 30, 2024December 31, 2023June 30, 2024December 31, 2023June 30, 2024December 31, 2023
Cash flow hedges:
Foreign exchange forward contracts$718.2 $592.1 $3.9 $1.4 $3.6 $14.7 
Cross-currency swaps(1)
541.4 560.8 1.0 — — 13.9 
Interest rate swaps1,949.4 1,959.7 143.2 127.2 — — 
Net investment hedges:
Cross-currency swaps(1)
694.0 718.8 1.3 — — 17.8 
Total hedges$3,903.0 $3,831.4 $149.4 $128.6 $3.6 $46.4 
_________________________________
(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 1.07 and 1.10 as of June 30, 2024 and December 31, 2023, 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 accumulated other comprehensive income (AOCI):
Unrealized Gains (Losses) Recognized in Other Comprehensive Income
 Three Months EndedSix Months Ended
June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Cash flow hedges:
Foreign exchange forward contracts(1)
$1.2 $(9.0)$10.5 $(15.9)
Cross-currency swaps(0.1)(6.6)(2.2)(4.6)
Interest rate swaps(5.4)33.4 15.7 (1.2)
Net investment hedges:
Cross-currency swaps5.8 (12.9)19.0 (19.3)
Total hedges$1.5 $4.9 $43.0 $(41.0)
_________________________________
(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 June 30, 2024Three Months Ended June 30, 2023
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Cash flow hedges:
Foreign exchange forward contracts:
Reclassified from AOCI into income$1.3 $— $— $4.9 $— $— 
Cross-currency swaps:
Reclassified from AOCI into income(1)
— 2.5 4.0 — 2.4 (3.5)
Interest rate swaps:
Reclassified from AOCI into income— 18.7 — — 16.4 — 
Net investment hedges:
Cross-currency swaps:
Reclassified from AOCI into income— 3.2 — — 3.1 — 
Total hedges$1.3 $24.4 $4.0 $4.9 $21.9 $(3.5)
_________________________________
(1)The amounts reflected in other income (expense), net include $(4.1) million and $3.5 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 June 30, 2024 and 2023, respectively.
Six Months Ended June 30, 2024Six Months Ended June 30, 2023
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Cash flow hedges:
Foreign exchange forward contracts:
Reclassified from AOCI into income$2.9 $— $— $9.7 $— $— 
Cross-currency swaps:
Reclassified from AOCI into income(1)
— 4.9 16.4 — 4.8 (10.6)
Interest rate swaps:
Reclassified from AOCI into income— 36.7 — — 30.5 — 
Net investment hedges:
Cross-currency swaps:
Reclassified from AOCI into income— 6.3 — — 6.3 — 
Total hedges$2.9 $47.9 $16.4 $9.7 $41.6 $(10.6)
_________________________________
(1)The amounts reflected in other income (expense), net include $(16.5) million and $10.5 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 six months ended June 30, 2024 and 2023, respectively.
v3.24.2.u1
Leases (Tables)
 6 Months Ended
Jun. 30, 2024
Leases [Abstract]  
Components of Lease Expenses
The components of operating lease expense were as follows:
Three Months EndedSix Months Ended
 June 30, 2024June 30, 2023June 30, 2024June 30, 2023
Operating lease costs$6.9 $9.6 $14.5 $19.4 
Variable lease costs3.0 3.8 6.7 7.6 
Sublease income(1.8)(2.2)(4.7)(4.5)
Total net lease cost$8.1 $11.2 $16.5 $22.5 
v3.24.2.u1
Restructuring and Other Charges and Disposition of Businesses and Related Assets (Tables)
 6 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
Summary of the Activity in the Restructuring Related Accruals
The following table shows the total amount incurred and the accrued restructuring costs, which are recorded in accrued expenses and other current liabilities in our balance sheet, for severance and employee benefits:
 Accrued Restructuring Costs
Accrued restructuring costs as of December 31, 2023$7.4 
Restructuring costs incurred during the six months ended June 30, 2024(1)
16.7 
Amount paid during the six months ended June 30, 2024
(17.6)
Accrued restructuring costs as of June 30, 2024
$6.5 
Accrued restructuring costs as of December 31, 2022$— 
Restructuring costs incurred during the six months ended June 30, 2023(1)
31.5 
Amount paid during the six months ended June 30, 2023
(25.5)
Accrued restructuring costs as of June 30, 2023
$6.0 
________________________________
(1)The six months ended June 30, 2024 and June 30, 2023, excludes $0.8 million and $2.3 million, respectively, of equity-based compensation expense associated with our restructuring plans which was recorded within additional paid-in capital.
v3.24.2.u1
Income Taxes (Tables)
 6 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
Schedule of Deferred Tax Assets and Liabilities
The components of our deferred taxes before and after the DNC restructuring are as follows:
January 1, 2024December 31, 2023
(Post-DNC Restructure)(Pre-DNC Restructure)
Deferred tax assets (DTAs) related to:
Deferred revenue$636.3 $— 
Goodwill385.2 — 
Net operating losses (NOLs)198.9 473.1 
Intangible assets168.0 (40.0)
Tax credits167.6 167.6 
Deferred interest44.0 44.0 
Operating lease liabilities31.8 15.3 
Accrued expenses24.2 — 
Investment in Desert Newco— 697.2 
Other27.2 9.3 
Valuation allowance(167.0)(377.5)
Total DTAs1,516.2 989.0 
Deferred tax liabilities (DTLs) related to:
Deferred cost of revenue(149.2)— 
Unrealized gains(71.9)— 
Operating lease assets(18.1)(6.4)
Original issue discount and debt issuance costs(14.0)— 
Total DTLs(253.2)(6.4)
Net DTAs$1,263.0 $982.6 
v3.24.2.u1
Income Per Share (Tables)
 6 Months Ended
Jun. 30, 2024
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 June 30,Six Months Ended June 30,
 2024202320242023
Numerator:
Net income$146.3 $83.1 $547.8 $130.5 
Less: net income attributable to non-controlling interests— 0.2 — 0.3 
Net income attributable to GoDaddy Inc.$146.3 $82.9 $547.8 $130.2 
Denominator:
Weighted-average shares of Class A common stock outstanding—basic141,269 152,328 141,899 153,221 
Effect of dilutive securities:
Class B common stock— 307 — 308 
Stock options448 453 449 492 
RSUs, PSUs and ESPP shares2,927 976 2,973 1,735 
Weighted-average shares of Class A Common stock outstanding—diluted144,644 154,064 145,321 155,756 
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic$1.04 $0.54 $3.86 $0.85 
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted$1.01 $0.54 $3.77 $0.84 
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 June 30,Six Months Ended June 30,
 2024202320242023
Stock options— 184 — 99 
RSUs, PSUs and ESPP shares443 2,603 292 618 
443 2,787 292 717 
v3.24.2.u1
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of Segment Information
The following table presents our segment information for the periods indicated:
 Three Months Ended June 30,Six Months Ended June 30,
2024202320242023
Revenue:
A&C$405.6 $351.7 $788.7 $689.7 
Core718.9 696.4 1,444.3 1,394.4 
Total revenue$1,124.5 $1,048.1 $2,233.0 $2,084.1 
Segment EBITDA:
A&C$176.6 $142.7 $338.5 $275.1 
Core219.5 191.0 436.2 380.0 
Total Segment EBITDA396.1 333.7 774.7 655.1 
Unallocated corporate overhead(64.4)(69.1)(130.0)(140.8)
Depreciation and amortization(33.1)(43.5)(70.3)(92.0)
Equity-based compensation expense(1)
(76.2)(77.5)(147.2)(149.1)
Interest expense, net of interest income(34.5)(37.4)(69.2)(75.4)
Acquisition-related expenses, net of reimbursements0.8 (4.2)(0.1)(8.6)
Restructuring and other (2)
(13.8)(21.2)(39.8)(60.8)
Income before income taxes174.9 80.8 318.1 128.4 
Benefit (provision) for income taxes(28.6)2.3 229.7 2.1 
Net income$146.3 $83.1 $547.8 $130.5 
_________________________________
(1)The six months ended June 30, 2024 and June 30, 2023 excludes $0.8 million and $2.3 million, respectively, of equity-based compensation expense associated with our restructuring activities which is included within restructuring and other.
(2)In addition to the restructuring and other in our statements of operations, other charges included are primarily composed of lease-related expenses associated with closed facilities, charges related to certain legal matters, adjustments to the fair value of our equity investments, expenses incurred in relation to the refinancing of our long-term debt, and incremental expenses associated with certain professional services.
v3.24.2.u1
Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2024
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, 2023(2)
$(83.6)$195.0 $111.4 
Other comprehensive income (loss) before reclassifications10.1 (52.9)(42.8)
Amounts reclassified from AOCI— 67.2 67.2 
Other comprehensive income10.1 14.3 24.4 
Balance as of June 30, 2024$(73.5)$209.3 $135.8 
Gross balance as of December 31, 2022(2)
$(75.0)$253.4 $178.4 
Other comprehensive income (loss) before reclassifications10.3 (62.4)(52.1)
Amounts reclassified from AOCI(4.3)40.7 36.4 
Other comprehensive income (loss)6.0 (21.7)(15.7)
$(69.0)$231.7 162.7 
Less: AOCI attributable to non-controlling interests(0.3)
Balance as of June 30, 2023$162.4 
_________________________________
(1)Amounts shown for our foreign exchange forward contracts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
(2)Beginning balance is presented on a gross basis, excluding the allocation of AOCI attributable to non-controlling interests.
v3.24.2.u1
Organization and Background (Details)
 6 Months Ended
Jun. 30, 2024
segment
Class of Stock [Line Items]  
Number of reportable segments 2
Number of operating segments 2
Desert Newco, LLC  
Class of Stock [Line Items]  
LLC units held (as a percent) 100.00%
v3.24.2.u1
Summary of Significant Accounting Policies - Property and Equipment, Net by Geography (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net $ 160.4 $ 185.3
U.S.    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net 133.3 146.9
France    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net 14.4 19.8
All other international    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net $ 12.7 $ 18.6
v3.24.2.u1
Summary of Significant Accounting Policies - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Accounting Policies [Abstract]          
Equity investments $ 53.1   $ 53.1   $ 53.1
Amortization of contract costs $ 195.8 $ 192.1 $ 389.6 $ 377.2  
v3.24.2.u1
Summary of Significant Accounting Policies - Revenue by Product Type (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Disaggregation of Revenue [Line Items]        
Revenue $ 1,124.5 $ 1,048.1 $ 2,233.0 $ 2,084.1
A&C        
Disaggregation of Revenue [Line Items]        
Revenue 405.6 351.7 788.7 689.7
Core        
Disaggregation of Revenue [Line Items]        
Revenue 718.9 696.4 1,444.3 1,394.4
Core | Domains        
Disaggregation of Revenue [Line Items]        
Revenue 529.2 492.7 1,061.2 984.8
Core | Other        
Disaggregation of Revenue [Line Items]        
Revenue $ 189.7 $ 203.7 $ 383.1 $ 409.6
v3.24.2.u1
Summary of Significant Accounting Policies - Revenue by Geography (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]        
Revenue $ 1,124.5 $ 1,048.1 $ 2,233.0 $ 2,084.1
U.S.        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Revenue 767.4 707.0 1,523.0 1,402.4
International        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Revenue $ 357.1 $ 341.1 $ 710.0 $ 681.7
v3.24.2.u1
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
Jun. 30, 2024
Dec. 31, 2023
Assets:    
Derivative assets $ 149.4 $ 128.6
Total assets 229.3 248.2
Liabilities:    
Derivative liabilities 3.6 46.4
Notice deposits    
Assets:    
Cash and cash equivalents 50.0  
Commercial paper    
Assets:    
Cash and cash equivalents 29.9 39.6
Time deposits    
Assets:    
Cash and cash equivalents   40.0
Short-term investments   40.0
Level 1    
Assets:    
Derivative assets 0.0 0.0
Total assets 50.0 80.0
Liabilities:    
Derivative liabilities 0.0 0.0
Level 1 | Notice deposits    
Assets:    
Cash and cash equivalents 50.0  
Level 1 | Commercial paper    
Assets:    
Cash and cash equivalents 0.0 0.0
Level 1 | Time deposits    
Assets:    
Cash and cash equivalents   40.0
Short-term investments   40.0
Level 2    
Assets:    
Derivative assets 149.4 128.6
Total assets 179.3 168.2
Liabilities:    
Derivative liabilities 3.6 46.4
Level 2 | Notice deposits    
Assets:    
Cash and cash equivalents 0.0  
Level 2 | Commercial paper    
Assets:    
Cash and cash equivalents 29.9 39.6
Level 2 | Time deposits    
Assets:    
Cash and cash equivalents   0.0
Short-term investments  
Level 3    
Assets:    
Derivative assets 0.0 0.0
Total assets 0.0 0.0
Liabilities:    
Derivative liabilities 0.0 0.0
Level 3 | Notice deposits    
Assets:    
Cash and cash equivalents 0.0  
Level 3 | Commercial paper    
Assets:    
Cash and cash equivalents $ 0.0 0.0
Level 3 | Time deposits    
Assets:    
Cash and cash equivalents   0.0
Short-term investments  
v3.24.2.u1
Goodwill and Intangible Assets - Schedule of Goodwill (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2024
USD ($)
Goodwill [Roll Forward]  
Balance at December 31, 2023 $ 3,569.3
Impact of foreign currency translation (22.6)
Less: goodwill related to disposition of a business (1.7)
Balance at June 30, 2024 3,545.0
Applications and commerce  
Goodwill [Roll Forward]  
Balance at December 31, 2023 1,513.6
Impact of foreign currency translation (9.5)
Less: goodwill related to disposition of a business 0.0
Balance at June 30, 2024 1,504.1
Core platform  
Goodwill [Roll Forward]  
Balance at December 31, 2023 2,055.7
Impact of foreign currency translation (13.1)
Less: goodwill related to disposition of a business (1.7)
Balance at June 30, 2024 $ 2,040.9
v3.24.2.u1
Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]    
Accumulated Amortization $ (596.8) $ (623.6)
Net Carrying Amount 137.8  
Gross  Carrying Amount 1,704.1 1,782.2
Net Carrying Amount 1,107.3 1,158.6
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 231.8 233.6
Contractual-based assets    
Indefinite-lived Intangible Assets [Line Items]    
Carrying Amount 292.7 292.7
Customer-related    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 402.5 459.3
Accumulated Amortization (325.3) (352.2)
Net Carrying Amount 77.2 107.1
Developed technology    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 237.1 246.8
Accumulated Amortization (207.4) (205.6)
Net Carrying Amount 29.7 41.2
Trade names and other    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 95.0 104.8
Accumulated Amortization (64.1) (65.8)
Net Carrying Amount $ 30.9 $ 39.0
v3.24.2.u1
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Finite-Lived Intangible Assets [Line Items]        
Amortization expense $ 19.2 $ 26.1 $ 39.7 $ 58.8
Weighted Average        
Finite-Lived Intangible Assets [Line Items]        
Weighted average remaining amortization period 25 months   25 months  
Customer-related        
Finite-Lived Intangible Assets [Line Items]        
Weighted average remaining amortization period 21 months   21 months  
Developed technology        
Finite-Lived Intangible Assets [Line Items]        
Weighted average remaining amortization period 19 months   19 months  
Trade names and other        
Finite-Lived Intangible Assets [Line Items]        
Weighted average remaining amortization period 40 months   40 months  
v3.24.2.u1
Goodwill and Intangible Assets - Future Amortization of Finite Lived Intangible Assets (Details)
$ in Millions
Jun. 30, 2024
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
2024 (remainder of) $ 37.4
2025 70.6
2026 22.5
2027 4.2
2028 1.9
Thereafter 1.2
Net Carrying Amount $ 137.8
v3.24.2.u1
Stockholders' Equity (Details) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Mar. 31, 2024
 [2]
Jun. 30, 2023
 [3]
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Aug. 31, 2023
Class of Stock [Line Items]              
Aggregate purchase price $ 502.8 [1],[2] $ 147.1 $ 511.6 $ 113.9      
Remaining authorization available $ 1,031.3       $ 1,031.3    
Up-front payment for repurchase of common stock [4]         $ 649.2 $ 611.7  
Class A Common Stock              
Class of Stock [Line Items]              
Authorized amount             $ 4,000.0
Class A Common Stock | New Accelerated Share Repurchase Agreement              
Class of Stock [Line Items]              
Repurchases of Class A common stock (in shares)         3,303    
Aggregate purchase price         $ 404.2    
Up-front payment for repurchase of common stock         $ 245.0    
[1] Includes $245.0 million of upfront payments to repurchase shares of our Class A common stock in conjunction with accelerated share repurchase agreements (ASRs) as further discussed in Note 4. No shares were initially received in connection with these ASRs.
[2] Includes a 1% excise tax on shares repurchased, net of the fair market value of new share issuances, of $(0.5) million and $1.3 million for the three months ended March 31, 2024 and June 30, 2024, respectively.
[3] Includes a 1% excise tax on shares repurchased, net of the fair market value of new share issuances, of $3.8 million.
[4] The six months ended June 30, 2024 includes $245.0 million of upfront payments to repurchase shares of our Class A common stock in conjunction with ASRs as further discussed in Note 4.
v3.24.2.u1
Prepaid Expenses and Other Current Assets (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Derivative assets $ 149.4 $ 128.6
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration] Prepaid expenses and other current assets Prepaid expenses and other current assets
Prepaid software and maintenance expenses $ 49.2 $ 23.0
Other 39.5 25.6
Prepaid expenses and other current assets $ 238.1 $ 177.2
v3.24.2.u1
Equity-Based Compensation Plans - Narrative (Details) - USD ($)
shares in Thousands, $ in Millions
 6 Months Ended
Jun. 06, 2024
Jun. 30, 2024
2024 Plan | Class A Common Stock    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Shares reserved for future issuance (in shares) 9,085  
2024 ESPP | Class A Common Stock    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Shares reserved for future issuance (in shares) 4,605  
Purchase price of common stock, percentage of market price of common stock 85.00%  
RSU's and ESPP    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Unrecognized compensation costs   $ 483.8
RSUs    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Weighted average recognition period   2 years 1 month 6 days
v3.24.2.u1
Equity-Based Compensation Plans - Summary of Stock Option Activity (Details)
shares in Thousands
 6 Months Ended
Jun. 30, 2024
$ / shares
shares
Number of Shares of Class A Common Stock (#)  
Outstanding at beginning of period (in shares) | shares 845
Exercised (in shares) | shares (126)
Outstanding at end of period (in shares) | shares 719
Vested at end of period (in shares) | shares 719
Weighted- Average Exercise Price Per Share ($)  
Outstanding weighted average exercise price (in dollars per share) | $ / shares $ 49.60
Exercised (in dollars per share) | $ / shares 30.71
Outstanding weighted average exercise price (in dollars per share) | $ / shares 52.92
Vested at end of period (in dollars per share) | $ / shares $ 52.92
v3.24.2.u1
Equity-Based Compensation Plans - Summary of Stock Award Activity (Details)
shares in Thousands
 6 Months Ended
Jun. 30, 2024
$ / shares
shares
Number of Shares of Class A Common Stock (#)  
Outstanding at beginning of period (in shares) 6,257
Vested (in shares) (2,333)
Forfeited (in shares) (457)
Outstanding at end of period (in shares) 6,442
RSUs  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 2,533
Outstanding at end of period (in shares) 5,791
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 92.88
TSR-based PSUs  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 212
Outstanding at end of period (in shares) 651
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 142.30
TSR-Based Performance Stock Units Above Target  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 230
v3.24.2.u1
Deferred Revenue - Composition of Deferred Revenue (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Disaggregation of Revenue [Line Items]    
Deferred revenue, current $ 2,230.4 $ 2,074.9
Deferred revenue, noncurrent 866.1 802.4
Applications and commerce    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 776.6 683.8
Deferred revenue, noncurrent 194.5 173.5
Core platform    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 1,453.8 1,391.1
Deferred revenue, noncurrent $ 671.6 $ 628.9
v3.24.2.u1
Deferred Revenue - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Revenue from Contract with Customer [Abstract]    
Revenue recognized $ 616.1 $ 1,426.4
v3.24.2.u1
Deferred Revenue - Expected Recognition of Deferred Revenue (Details)
$ in Millions
Jun. 30, 2024
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 3,096.5
Applications and commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue 971.1
Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue 2,125.4
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 1,507.6
Expected recognition period 6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | Applications and commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 544.1
Expected recognition period 6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2024-07-01 | Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 963.5
Expected recognition period 6 months
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 $ 1,025.2
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-01-01 | Applications and commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 312.5
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 $ 712.7
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 $ 315.6
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-01-01 | Applications and commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 85.5
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 $ 230.1
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 $ 116.2
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2027-01-01 | Applications and commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 19.5
Expected recognition period 1 year
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 $ 96.7
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 57.9
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | Applications and commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 5.8
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2028-01-01 | Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 52.1
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 74.0
Expected recognition period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01 | Applications and commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 3.7
Expected recognition period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2029-01-01 | Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 70.3
Expected recognition period
v3.24.2.u1
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Payables and Accruals [Abstract]    
Accrued payroll and employee benefits $ 106.8 $ 143.6
Tax-related accruals 62.3 56.2
Current portion of operating lease liabilities 31.1 29.1
Accrued legal and professional 27.0 34.2
Accrued marketing and advertising 19.0 12.3
Accrued interest 13.5 13.6
Accrued restructuring costs 6.5 7.4
Accrued acquisition-related expenses 6.3 20.6
Derivative liabilities $ 3.6 $ 46.4
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other current liabilities Accrued expenses and other current liabilities
Other $ 89.0 $ 78.8
Accrued expenses and other current liabilities $ 365.1 $ 442.2
v3.24.2.u1
Long-Term Debt - Composition of Long-Term Debt (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Debt Instrument [Line Items]    
Long-term debt $ 3,866.2 $ 3,876.1
Less unamortized original issue discount and debt issuance costs (61.5) (59.7)
Less: current portion of long-term debt (17.0) (17.9)
Long-term debt, net of current portion 3,787.7 3,798.5
2029 Term Loans | Secured Debt    
Debt Instrument [Line Items]    
Long-term debt $ 1,466.2 $ 1,752.3
Effective interest rate percentage 7.90% 8.40%
2031 Term Loans | Secured Debt    
Debt Instrument [Line Items]    
Long-term debt $ 1,000.0 $ 0.0
Effective interest rate percentage 7.60%  
2027 Term Loans | Secured Debt    
Debt Instrument [Line Items]    
Long-term debt $ 0.0 $ 723.8
Effective interest rate percentage   7.40%
2027 Senior Notes | Senior Notes    
Debt Instrument [Line Items]    
Long-term debt $ 600.0 $ 600.0
Effective interest rate percentage 5.50% 5.40%
2029 Senior Notes | Senior Notes    
Debt Instrument [Line Items]    
Long-term debt $ 800.0 $ 800.0
Effective interest rate percentage 3.70% 3.60%
Revolver | Line of Credit | Revolving Credit Facility    
Debt Instrument [Line Items]    
Long-term debt $ 0.0 $ 0.0
v3.24.2.u1
Long-Term Debt - Narrative (Details)
$ in Millions
 1 Months Ended
May 31, 2024
Jan. 31, 2024
Jun. 30, 2024
USD ($)
tranche
The Credit Facility | SOFR | Line of Credit      
Debt Instrument [Line Items]      
Basis spread on variable rate   1.00%  
The Credit Facility | SOFR | Variable Rate Component One | Line of Credit      
Debt Instrument [Line Items]      
Basis spread on variable rate   2.00%  
The Credit Facility | SOFR | Variable Rate Component Two | Line of Credit      
Debt Instrument [Line Items]      
Basis spread on variable rate   1.00%  
The Credit Facility | Federal Funds Rate | Line of Credit      
Debt Instrument [Line Items]      
Basis spread on variable rate   0.50%  
2031 Term Loans | Line of Credit      
Debt Instrument [Line Items]      
Debt Instrument, Annual Amortization Rate, Percentage 1.00%    
2031 Term Loans | SOFR | Line of Credit      
Debt Instrument [Line Items]      
Basis spread on variable rate 1.75%    
2031 Term Loans | Base Rate | Line of Credit      
Debt Instrument [Line Items]      
Basis spread on variable rate 0.75%    
Line of Credit | 2027 Term Loans And 2029 Term Loans      
Debt Instrument [Line Items]      
Number of tranches | tranche     2
Line of Credit | Revolver      
Debt Instrument [Line Items]      
Available borrowing capacity     $ 998.7
Standby Letters of Credit | Senior Unsecured Revolving Credit Facility      
Debt Instrument [Line Items]      
Borrowings used     $ 1.3
v3.24.2.u1
Long-Term Debt - Estimated Fair Values of Long-Term Debt Instruments (Details) - Level 2
$ in Millions
Jun. 30, 2024
USD ($)
2029 Term Loans | Secured Debt  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt $ 1,470.4
2031 Term Loans | Secured Debt  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt 1,000.0
2027 Senior Notes | Senior Notes  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt 587.1
2029 Senior Notes | Senior Notes  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt $ 720.5
v3.24.2.u1
Long-Term Debt - Aggregate Principal Payments Due on Long-Term Debt (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Debt Disclosure [Abstract]    
2024 (remainder of) $ 12.3  
2025 24.7  
2026 24.7  
2027 624.7  
2028 24.7  
Thereafter 3,155.1  
Aggregate principal payments $ 3,866.2 $ 3,876.1
v3.24.2.u1
Derivatives and Hedging - Summary of Outstanding Derivative Instruments (Details)
€ in Millions, $ in Millions
Jun. 30, 2024
USD ($)
€ / $
Dec. 31, 2023
USD ($)
€ / $
Apr. 30, 2017
USD ($)
Apr. 30, 2017
EUR (€)
Derivative [Line Items]        
Derivative Asset, Statement of Financial Position [Extensible Enumeration] Prepaid Expense and Other Assets, Current Prepaid Expense and Other Assets, Current    
Derivative Liability, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other current liabilities Accrued expenses and other current liabilities    
Designated as Hedging Instrument | Level 2        
Derivative [Line Items]        
Notional Amount $ 3,903.0 $ 3,831.4    
Fair Value of Derivative Assets 149.4 128.6    
Fair Value of Derivative Liabilities 3.6 46.4    
Cash Flow Hedging | Foreign exchange forward contracts | Designated as Hedging Instrument | Level 2        
Derivative [Line Items]        
Notional Amount 718.2 592.1    
Fair Value of Derivative Assets 3.9 1.4    
Fair Value of Derivative Liabilities $ 3.6 $ 14.7    
Cash Flow Hedging | Cross-currency swaps | Designated as Hedging Instrument        
Derivative [Line Items]        
Notional Amount     $ 1,262.5 € 1,184.2
Euro to U.S. dollar exchange rate for translation | € / $ 1.07 1.10    
Cash Flow Hedging | Cross-currency swaps | Designated as Hedging Instrument | Level 2        
Derivative [Line Items]        
Notional Amount $ 541.4 $ 560.8    
Fair Value of Derivative Assets 1.0 0.0    
Fair Value of Derivative Liabilities 0.0 13.9    
Cash Flow Hedging | Interest rate swaps | Designated as Hedging Instrument | Level 2        
Derivative [Line Items]        
Notional Amount 1,949.4 1,959.7    
Fair Value of Derivative Assets 143.2 127.2    
Fair Value of Derivative Liabilities 0.0 0.0    
Net Investment Hedging | Cross-currency swaps | Designated as Hedging Instrument | Level 2        
Derivative [Line Items]        
Notional Amount 694.0 718.8    
Fair Value of Derivative Assets 1.3 0.0    
Fair Value of Derivative Liabilities $ 0.0 $ 17.8    
v3.24.2.u1
Derivatives and Hedging - Summary of the Gains (Losses) Recognized within Earnings Related to Derivative Instruments (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Derivative [Line Items]        
Revenue $ 1,124.5 $ 1,048.1 $ 2,233.0 $ 2,084.1
Interest Expense 39.5 45.6 80.8 91.4
Other Income (Expense), Net 8.3 6.8 17.9 29.4
Reclassification out of Accumulated Other Comprehensive Income | Total hedges        
Derivative [Line Items]        
Revenue 1.3 4.9 2.9 9.7
Interest Expense 24.4 21.9 47.9 41.6
Other Income (Expense), Net 4.0 (3.5) 16.4 (10.6)
Designated as Hedging Instrument        
Derivative [Line Items]        
Total hedges 1.5 4.9 43.0 (41.0)
Foreign exchange forward contracts | Cash Flow Hedging | Reclassification out of Accumulated Other Comprehensive Income | Cash flow hedges        
Derivative [Line Items]        
Revenue 1.3 4.9 2.9 9.7
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 1.2 (9.0) 10.5 (15.9)
Cross-currency swaps | Reclassification out of Accumulated Other Comprehensive Income | Cash flow hedges | Euro-Denominated Intercompany Loan        
Derivative [Line Items]        
Other Income (Expense), Net (4.1) 3.5 (16.5) 10.5
Cross-currency 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 2.5 2.4 4.9 4.8
Other Income (Expense), Net 4.0 (3.5) 16.4 (10.6)
Cross-currency swaps | Cash Flow Hedging | Designated as Hedging Instrument        
Derivative [Line Items]        
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (0.1) (6.6) (2.2) (4.6)
Cross-currency swaps | 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 3.2 3.1 6.3 6.3
Other Income (Expense), Net 0.0 0.0 0.0 0.0
Cross-currency swaps | Net Investment Hedging | Designated as Hedging Instrument        
Derivative [Line Items]        
Unrealized Gains (Losses) Recognized in Other Comprehensive Income 5.8 (12.9) 19.0 (19.3)
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 18.7 16.4 36.7 30.5
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 $ (5.4) $ 33.4 $ 15.7 $ (1.2)
v3.24.2.u1
Derivatives and Hedging - Narrative (Details)
€ in Millions, $ in Millions
 1 Months Ended
Aug. 31, 2020
USD ($)
Apr. 30, 2017
USD ($)
Jun. 30, 2024
USD ($)
Apr. 30, 2017
EUR (€)
Derivative [Line Items]        
Net deferred losses from cash flow hedges     $ 96.9  
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     24 months  
Cash Flow Hedging | Designated as Hedging Instrument | Cross-currency swaps        
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 - April 2017        
Derivative [Line Items]        
Derivative contract term   5 years    
Notional Amount   $ 1,262.5    
Fixed rate   5.44%   5.44%
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%
v3.24.2.u1
Leases - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Lessee, Lease, Description [Line Items]        
Operating lease, remaining weighted average lease term 6 years 3 months 18 days   6 years 3 months 18 days  
Operating lease, weighted average discount rate 5.50%   5.50%  
Restructuring and other [1] $ 6.9 $ 17.5 $ 29.3 $ 69.8
Abandonment Of Operating Leases        
Lessee, Lease, Description [Line Items]        
Restructuring and other     $ 6.0  
[1]
Costs and operating expenses include equity-based compensation expense as follows:
Cost of revenue0.3 0.4 0.3 0.8 
Technology and development39.3 42.0 76.8 81.0 
Marketing and advertising7.9 7.3 15.2 13.9 
Customer care5.7 6.5 11.5 11.9 
General and administrative23.0 21.3 43.4 41.5 
Restructuring and other— — 0.8 2.3 
Total equity-based compensation expense$76.2 $77.5 $148.0 $151.4 
v3.24.2.u1
Leases - Components of Lease Expenses (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Leases [Abstract]        
Operating lease costs $ 6.9 $ 9.6 $ 14.5 $ 19.4
Variable lease costs 3.0 3.8 6.7 7.6
Sublease income (1.8) (2.2) (4.7) (4.5)
Total net lease cost $ 8.1 $ 11.2 $ 16.5 $ 22.5
v3.24.2.u1
Commitments and Contingencies (Details) - USD ($)
$ in Millions
Jun. 30, 2024
Dec. 31, 2023
Indirect Taxation    
Loss Contingencies [Line Items]    
Accrual for estimated indirect tax liabilities $ 25.7 $ 23.6
v3.24.2.u1
Restructuring and Other Charges and Disposition of Businesses and Related Assets - Narrative (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
employee
Jun. 30, 2023
USD ($)
Restructuring Cost and Reserve [Line Items]        
Restructuring and other $ 13.8 $ 21.2 $ 39.8 $ 60.8
Restructuring and other [1] 6.9 $ 17.5 29.3 69.8
Abandonment Of Operating Leases        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other     6.0  
Additional Restructuring Plan | Disposal Group, Held-for-sale        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other 6.0   $ 17.1  
Additional Restructuring Plan | Workforce Reduction | Disposal Group, Held-for-sale        
Restructuring Cost and Reserve [Line Items]        
Reduction in current workforce | employee     275  
Restructuring Plan        
Restructuring Cost and Reserve [Line Items]        
Cash payments related to restructuring     $ 17.6 25.5
Restructuring Plan | Disposal Group, Held-for-sale        
Restructuring Cost and Reserve [Line Items]        
Cash payments related to restructuring 8.8   10.1  
Restructuring and other       17.0
Restructuring Plan | Disposal Group, Held-for-sale | Applications and commerce        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other 1.9   6.4  
Restructuring Plan | Disposal Group, Held-for-sale | Core platform        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other $ 4.1   10.1  
Restructuring Plan | Corporate Overhead | Disposal Group, Held-for-sale        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other     $ 0.6  
Restructuring Plan | Disposition Of Assets | Disposal Group, Held-for-sale        
Restructuring Cost and Reserve [Line Items]        
Restructuring and other       $ 16.8
[1]
Costs and operating expenses include equity-based compensation expense as follows:
Cost of revenue0.3 0.4 0.3 0.8 
Technology and development39.3 42.0 76.8 81.0 
Marketing and advertising7.9 7.3 15.2 13.9 
Customer care5.7 6.5 11.5 11.9 
General and administrative23.0 21.3 43.4 41.5 
Restructuring and other— — 0.8 2.3 
Total equity-based compensation expense$76.2 $77.5 $148.0 $151.4 
v3.24.2.u1
Restructuring and Other Charges and Disposition of Businesses and Related Assets - Summary of the Activity in the Restructuring Related Accruals (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Restructuring Reserve [Roll Forward]        
Restructuring, Incurred Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]     Restructuring and other  
Restructuring and other $ 13.8 $ 21.2 $ 39.8 $ 60.8
Restructuring Plan        
Restructuring Reserve [Roll Forward]        
Accrued restructuring costs as of December 31, 2023     7.4 0.0
Restructuring costs incurred during the nine months ended September 30, 2023     16.7 31.5
Amount paid during the six months ended June 30, 2024     (17.6) (25.5)
Accrued restructuring costs as of June 30, 2024 $ 6.5 $ 6.0 6.5 6.0
Restructuring Plan | Equity Based Compensation Expense        
Restructuring Reserve [Roll Forward]        
Restructuring and other     $ 0.8 $ 2.3
v3.24.2.u1
Income Taxes (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 31, 2024
Jun. 30, 2024
Income Tax Disclosure [Abstract]    
Non-cash income tax benefit $ 267.4  
Net income tax benefit   $ 13.0
Unrecognized tax benefits   175.2
Unrecognized tax benefits that if fully recognized would decrease the effective tax rate   $ 48.6
v3.24.2.u1
Income Taxes - Net Deferred Tax Assets (Liabilities) (Details) - USD ($)
$ in Millions
Jan. 01, 2024
Dec. 31, 2023
Deferred tax assets (DTAs) related to:    
Deferred revenue $ 636.3 $ 0.0
Goodwill 385.2 0.0
Net operating losses (NOLs) 198.9 473.1
Intangible assets 168.0 (40.0)
Tax credits 167.6 167.6
Deferred interest 44.0 44.0
Operating lease liabilities 31.8 15.3
Accrued expenses 24.2 0.0
Investment in Desert Newco 0.0 697.2
Other 27.2 9.3
Valuation allowance (167.0) (377.5)
Total DTAs 1,516.2 989.0
Deferred tax liabilities (DTLs) related to:    
Deferred cost of revenue (149.2) 0.0
Unrealized gains (71.9) 0.0
Operating lease assets (18.1) (6.4)
Original issue discount and debt issuance costs (14.0) 0.0
Total DTLs (253.2) (6.4)
Net DTAs $ 1,263.0 $ 982.6
v3.24.2.u1
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 6 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2023
Mar. 31, 2023
Jun. 30, 2024
Jun. 30, 2023
Numerator:            
Net income $ 146.3 $ 401.5 $ 83.1 $ 47.4 $ 547.8 $ 130.5
Less: net income attributable to non-controlling interests 0.0   0.2   0.0 0.3
Net income attributable to GoDaddy Inc. $ 146.3   $ 82.9   $ 547.8 $ 130.2
Class A Common Stock            
Denominator:            
Weighted-average shares of Class A common stock outstanding—basic (in shares) 141,269   152,328   141,899 153,221
Weighted-average shares of Class A Common stock outstanding—diluted (in shares) 144,644   154,064   145,321 155,756
Net income attributable to GoDaddy Inc. per share of Class A common stock—basic (in dollars per share) $ 1.04   $ 0.54   $ 3.86 $ 0.85
Net income attributable to GoDaddy Inc. per share of Class A common stock—diluted (in dollars per share) $ 1.01   $ 0.54   $ 3.77 $ 0.84
Class B Common Stock            
Denominator:            
Effect of dilutive securities (in shares) 0   307   0 308
Stock options            
Denominator:            
Effect of dilutive securities (in shares) 448   453   449 492
RSUs, PSUs and ESPP shares            
Denominator:            
Effect of dilutive securities (in shares) 2,927   976   2,973 1,735
v3.24.2.u1
Income Per Share - Summary of Weighted Average Potentially Dilutive Shares (Details) - shares
shares in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities (in shares) 443 2,787 292 717
Stock options        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities (in shares) 0 184 0 99
RSUs, PSUs and ESPP shares        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities (in shares) 443 2,603 292 618
v3.24.2.u1
Income Per Share - Narrative (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Class of Stock [Line Items]    
Up-front payment for repurchase of common stock [1] $ 649.2 $ 611.7
Class A Common Stock | New Accelerated Share Repurchase Agreement    
Class of Stock [Line Items]    
Up-front payment for repurchase of common stock $ 245.0  
[1] The six months ended June 30, 2024 includes $245.0 million of upfront payments to repurchase shares of our Class A common stock in conjunction with ASRs as further discussed in Note 4.
v3.24.2.u1
Segment Information (Details)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
Mar. 31, 2024
USD ($)
Jun. 30, 2023
USD ($)
Mar. 31, 2023
USD ($)
Jun. 30, 2024
USD ($)
segment
Jun. 30, 2023
USD ($)
Segment Reporting [Abstract]            
Number of reportable segments | segment         2  
Number of operating segments | segment         2  
Segment Reporting Information [Line Items]            
Revenue $ 1,124.5   $ 1,048.1   $ 2,233.0 $ 2,084.1
Unallocated corporate overhead (64.4)   (69.1)   (130.0) (140.8)
Depreciation and amortization (33.1)   (43.5)   (70.3) (92.0)
Equity-based compensation expense (76.2)   (77.5)   (147.2) (149.1)
Interest expense (34.5)   (37.4)   (69.2) (75.4)
Acquisition-related expenses 0.8   (4.2)   (0.1) (8.6)
Restructuring and other (13.8)   (21.2)   (39.8) (60.8)
Income before income taxes 174.9   80.8   318.1 128.4
Benefit (provision) for income taxes (28.6)   2.3   229.7 2.1
Net income 146.3 $ 401.5 83.1 $ 47.4 547.8 130.5
Restructuring Plan | Equity Based Compensation Expense            
Segment Reporting Information [Line Items]            
Restructuring and other         (0.8) (2.3)
Operating Segments            
Segment Reporting Information [Line Items]            
Revenue 1,124.5   1,048.1   2,233.0 2,084.1
Total Segment EBITDA 396.1   333.7   774.7 655.1
Applications and commerce            
Segment Reporting Information [Line Items]            
Revenue 405.6   351.7   788.7 689.7
Applications and commerce | Operating Segments            
Segment Reporting Information [Line Items]            
Revenue 405.6   351.7   788.7 689.7
Total Segment EBITDA 176.6   142.7   338.5 275.1
Core platform            
Segment Reporting Information [Line Items]            
Revenue 718.9   696.4   1,444.3 1,394.4
Core platform | Operating Segments            
Segment Reporting Information [Line Items]            
Revenue 718.9   696.4   1,444.3 1,394.4
Total Segment EBITDA $ 219.5   $ 191.0   $ 436.2 $ 380.0
v3.24.2.u1
Accumulated Other Comprehensive Income (Loss) - AOCI Activity in Equity (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance $ 62.2 $ (329.3)
Other comprehensive income (loss) before reclassifications (42.8) (52.1)
Amounts reclassified from AOCI 67.2 36.4
Other comprehensive income 24.4 (15.7)
Ending balance 157.0 (664.5)
AOCI Including Portion Attributable to Noncontrolling Interest    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance 111.4 178.4
Ending balance 135.8 162.7
AOCI Attributable to Parent    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance 111.2 178.0
Ending balance 135.8 162.4
Net investment hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (83.6) (75.0)
Other comprehensive income (loss) before reclassifications 10.1 10.3
Amounts reclassified from AOCI 0.0 (4.3)
Other comprehensive income 10.1 6.0
Ending balance (73.5) (69.0)
Net Unrealized Gains (Losses) on Cash Flow Hedges    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance 195.0 253.4
Other comprehensive income (loss) before reclassifications (52.9) (62.4)
Amounts reclassified from AOCI 67.2 40.7
Other comprehensive income 14.3 (21.7)
Ending balance $ 209.3 231.7
AOCI Attributable to Noncontrolling Interest    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Ending balance   $ (0.3)