GODADDY INC., 10-Q filed on 8/8/2025
Quarterly Report
v3.25.2
Cover - shares
 6 Months Ended
Jun. 30, 2025
Aug. 01, 2025
Cover [Abstract]    
Document Type 10-Q  
Document Quarterly Report true  
Document Period End Date Jun. 30, 2025  
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, $0.001 par value per share  
Trading Symbol GDDY  
Security Exchange Name NYSE  
Entity Current Reporting Status Yes  
Entity Interactive Data Current Yes  
Entity Filer Category Large Accelerated Filer  
Entity Small Business false  
Entity Emerging Growth Company false  
Entity Shell Company false  
Entity Common Stock, Shares Outstanding   138,449,017
Entity Central Index Key 0001609711  
Current Fiscal Year End Date --12-31  
Document Fiscal Year Focus 2025  
Document Fiscal Period Focus Q2  
Amendment Flag false  
v3.25.2
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Current assets:    
Cash and cash equivalents $ 1,086.7 $ 1,089.0
Accounts and other receivables 113.8 91.1
Registry deposits 44.5 34.5
Prepaid domain name registry fees 522.0 492.0
Prepaid expenses and other current assets 156.4 245.2
Total current assets 1,923.4 1,951.8
Property and equipment, net 148.5 156.4
Operating lease assets 48.6 49.4
Prepaid domain name registry fees, net of current portion 239.8 224.8
Goodwill 3,644.0 3,518.9
Intangible assets, net 1,022.2 1,055.8
Deferred tax assets 1,155.3 1,181.5
Other assets 92.1 96.8
Total assets 8,273.9 8,235.4
Current liabilities:    
Accounts payable 82.7 81.6
Accrued expenses and other current liabilities 519.3 378.6
Deferred revenue 2,399.7 2,222.3
Long-term debt, current portion 15.7 15.9
Total current liabilities 3,017.4 2,698.4
Deferred revenue, net of current portion 937.8 883.2
Long-term debt, net of current portion 3,772.4 3,779.1
Operating lease liabilities, net of current portion 69.5 76.7
Other long-term liabilities 57.8 85.7
Deferred tax liabilities 14.6 20.2
Commitments and contingencies
Stockholders' equity:    
Preferred stock, $0.001 par value - 50,000 shares authorized; none issued and outstanding 0.0 0.0
Class A common stock, $0.001 par value - 1,000,000 shares authorized; 138,863 and 141,208 issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 0.1 0.1
Additional paid-in capital 2,799.8 2,611.8
Accumulated deficit (2,431.2) (2,052.3)
Accumulated other comprehensive income 35.7 132.5
Total stockholders' equity 404.4 692.1
Total liabilities and stockholders' equity $ 8,273.9 $ 8,235.4
v3.25.2
Consolidated Balance Sheets (unaudited) (Parenthetical) - $ / shares
shares in Thousands
Jun. 30, 2025
Dec. 31, 2024
Statement of Financial Position [Abstract]    
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
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) 138,863 141,208
Common stock, shares outstanding (in shares) 138,863 141,208
v3.25.2
Consolidated Statements of Operations (unaudited) - USD ($)
shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenue:        
Revenue $ 1,217.6 $ 1,124.5 $ 2,411.9 $ 2,233.0
Costs and operating expenses        
Cost of revenue (excluding depreciation and amortization) [1] 442.3 408.3 882.8 822.8
Technology and development [1] 214.3 205.9 419.6 408.8
Marketing and advertising [1] 93.4 93.2 193.5 180.7
Customer care [1] 73.5 73.3 144.6 149.7
General and administrative [1] 96.9 95.6 194.0 187.3
Restructuring and other [1] 0.3 6.9 2.4 29.3
Depreciation and amortization [1] 30.6 33.1 61.4 70.3
Total costs and operating expenses [1] 951.3 916.3 1,898.3 1,848.9
Operating income 266.3 208.2 513.6 384.1
Interest expense (38.3) (39.5) (75.5) (80.8)
Loss on debt extinguishment 0.0 (2.1) 0.0 (3.1)
Other income (expense), net 11.1 8.3 21.0 17.9
Income before income taxes 239.1 174.9 459.1 318.1
Benefit (provision) for income taxes (39.2) (28.6) (39.7) 229.7
Net income $ 199.9 $ 146.3 $ 419.4 $ 547.8
Net income per share of Class A common stock:        
Basic (in dollars per share) $ 1.44 $ 1.04 $ 2.99 $ 3.86
Diluted (in dollars per share) $ 1.41 $ 1.01 $ 2.92 $ 3.77
Weighted-average shares of Class A common stock outstanding:        
Basic (in shares) 138,734 141,269 140,200 141,899
Diluted (in shares) 141,408 144,644 143,387 145,321
Applications and commerce        
Revenue:        
Revenue $ 463.9 $ 405.6 $ 910.3 $ 788.7
Core platform        
Revenue:        
Revenue $ 753.7 $ 718.9 $ 1,501.6 $ 1,444.3
[1]
Costs and operating expenses include equity-based compensation expense as follows:
Cost of revenue0.3 0.3 0.6 0.3 
Technology and development43.3 39.3 84.5 76.8 
Marketing and advertising8.5 7.9 16.7 15.2 
Customer care5.7 5.7 10.8 11.5 
General and administrative23.2 23.0 48.8 43.4 
Restructuring and other— — — 0.8 
Total equity-based compensation expense$81.0 $76.2 $161.4 $148.0 
v3.25.2
Consolidated Statements of Operations (unaudited) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Equity-based compensation expense $ 81.0 $ 76.2 $ 161.4 $ 148.0
Cost of revenue        
Equity-based compensation expense 0.3 0.3 0.6 0.3
Technology and development        
Equity-based compensation expense 43.3 39.3 84.5 76.8
Marketing and advertising        
Equity-based compensation expense 8.5 7.9 16.7 15.2
Customer care        
Equity-based compensation expense 5.7 5.7 10.8 11.5
General and administrative        
Equity-based compensation expense 23.2 23.0 48.8 43.4
Restructuring and other        
Equity-based compensation expense $ 0.0 $ 0.0 $ 0.0 $ 0.8
v3.25.2
Consolidated Statements of Comprehensive Income (unaudited) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Net income $ 199.9 $ 146.3 $ 419.4 $ 547.8
Change in foreign currency translation adjustment (26.3) 6.3 (31.1) 10.1
Comprehensive income 133.0 147.1 322.6 572.2
Foreign exchange forward contracts        
Other comprehensive gain (loss), net [1] (41.1) 1.2 (56.1) 10.5
Swap        
Other comprehensive gain (loss), net [1] $ 0.5 $ (6.7) $ (9.6) $ 3.8
[1]
Components of OCI are net of the tax effects reflected below:

Three Months Ended
June 30,
Nine Months Ended
June 30,
2025202420242023
Foreign exchange forward contracts gain (loss), net$(12.4)$— $(16.9)$— 
Unrealized swap gain (loss), net$(18.8)$1.2 $(29.1)$9.7 
v3.25.2
Consolidated Statements of Comprehensive Income (unaudited) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Foreign exchange forward contracts        
Other comprehensive gain (loss), net $ (12.4) $ 0.0 $ (16.9) $ 0.0
Swap        
Other comprehensive gain (loss), net $ (18.8) $ 1.2 $ (29.1) $ 9.7
v3.25.2
Consolidated Statements of Stockholders' Equity (Deficit) (unaudited) - USD ($)
shares in Thousands, $ in Millions
Total
Class A Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance (in shares) at Dec. 31, 2023   142,051      
Beginning balance at Dec. 31, 2023 $ 62.2 $ 0.1 $ 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) [1]   (1,245)      
Repurchases of Class A common stock [1] (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      
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      
Ending balance at Mar. 31, 2024 414.8 $ 0.1 2,345.9 (2,066.2) 135.0
Beginning balance (in shares) at Dec. 31, 2023   142,051      
Beginning balance at Dec. 31, 2023 62.2 $ 0.1 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      
Ending balance at Jun. 30, 2024 157.0 $ 0.1 2,443.9 (2,422.8) 135.8
Beginning balance (in shares) at Mar. 31, 2024   142,429      
Beginning balance at Mar. 31, 2024 414.8 $ 0.1 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) [1],[2]   (2,058)      
Repurchases of Class A common stock [1],[2] (502.8) $ 0.0   (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 the 2024 Employee Stock Purchase Plan 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      
Ending balance at Jun. 30, 2024 $ 157.0 $ 0.1 2,443.9 (2,422.8) 135.8
Beginning balance (in shares) at Dec. 31, 2024 141,208 141,208      
Beginning balance at Dec. 31, 2024 $ 692.1 $ 0.1 2,611.8 (2,052.3) 132.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 219.5     219.5  
Equity-based compensation, including amounts capitalized 80.9   80.9    
Stock option exercises (in shares)   81      
Stock option exercises 2.5   2.5    
Repurchases of Class A common stock (in shares) [3]   0      
Repurchases of Class A common stock [3] (765.1)     (765.1)  
Impact of derivatives, net (25.1)       (25.1)
Change in foreign currency translation adjustment (4.8)       (4.8)
Vesting of restricted stock units and other (in shares)   1,142      
Vesting of restricted stock units and other (0.3)   (0.2) (0.1)  
Ending balance (in shares) at Mar. 31, 2025   142,431      
Ending balance at Mar. 31, 2025 $ 199.7 $ 0.1 2,695.0 (2,598.0) 102.6
Beginning balance (in shares) at Dec. 31, 2024 141,208 141,208      
Beginning balance at Dec. 31, 2024 $ 692.1 $ 0.1 2,611.8 (2,052.3) 132.5
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income $ 419.4        
Ending balance (in shares) at Jun. 30, 2025 138,863 138,863      
Ending balance at Jun. 30, 2025 $ 404.4 $ 0.1 2,799.8 (2,431.2) 35.7
Beginning balance (in shares) at Mar. 31, 2025   142,431      
Beginning balance at Mar. 31, 2025 199.7 $ 0.1 2,695.0 (2,598.0) 102.6
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 199.9     199.9  
Equity-based compensation, including amounts capitalized 81.6   81.6    
Stock option exercises (in shares)   79      
Stock option exercises 3.9   3.9    
Repurchases of Class A common stock (in shares) [3]   (4,510)      
Repurchases of Class A common stock [3] (33.2)     (33.2)  
Issuance of Class A common stock under 2015 Employee Stock Purchase Plan (ESPP) (in shares)   124      
Issuance of Class A common stock under the 2024 Employee Stock Purchase Plan 19.2   19.2    
Impact of derivatives, net (40.6)       (40.6)
Change in foreign currency translation adjustment (26.3)       (26.3)
Vesting of restricted stock units and other (in shares)   739      
Vesting of restricted stock units and other $ 0.2   0.1 0.1  
Ending balance (in shares) at Jun. 30, 2025 138,863 138,863      
Ending balance at Jun. 30, 2025 $ 404.4 $ 0.1 $ 2,799.8 $ (2,431.2) $ 35.7
[1] 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.
[2] Includes $245.0 million of upfront payments to repurchase shares of our Class A common stock in conjunction with ASRs. No shares were initially received with these ASRs.
[3] Includes a 1% excise tax on shares repurchased, net of the fair market value of new share issuances of $(2.3) million and $6.3 million for the three months ended March 31, 2025 and June 30, 2025, respectively.
v3.25.2
Consolidated Statements of Stockholders' Equity (Deficit) (unaudited) (Parenthetical) - USD ($)
$ in Millions
 3 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Fair market value of new share issuances $ 6.3 $ (2.3) $ 1.3 $ (0.5)
New Accelerated Share Repurchase Agreement        
Up-front payment for repurchase of common stock   $ 767.4 $ 245.0  
v3.25.2
Consolidated Statements of Cash Flows (unaudited) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Operating activities    
Net income $ 419.4 $ 547.8
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization [1] 61.4 70.3
Equity-based compensation expense 161.4 148.0
(Gain) loss on derivative instruments 44.8 (13.8)
Deferred taxes 18.7 (225.1)
Other 19.9 22.8
Changes in operating assets and liabilities:    
Prepaid domain name registry fees (43.1) (32.7)
Accounts payable (0.4) (52.4)
Accrued expenses and other current liabilities (34.7) (39.3)
Deferred revenue 223.8 225.3
Other operating assets and liabilities (86.6) (58.9)
Net cash provided by operating activities 784.6 592.0
Investing activities    
Maturities of short-term investments 0.0 40.0
Purchases of property and equipment (7.7) (7.2)
Other investing activities (2.3) 8.1
Net cash provided by (used in) investing activities (10.0) 40.9
Proceeds received from:    
Issuance of term loans 0.0 2,752.3
Stock option exercises 6.4 3.9
Issuance of Class A common stock under Employee Stock Purchase Plans (ESPPs) [2] 19.2 19.5
Payments made for:    
Repurchases of Class A common stock (792.5) (649.2)
Repayment of long-term debt (12.3) (2,762.3)
Other financing activities (2.5) (10.4)
Net cash used in financing activities (781.7) (646.2)
Effect of exchange rate changes on cash and cash equivalents 4.8 (0.6)
Net increase (decrease) in cash and cash equivalents (2.3) (13.9)
Cash and cash equivalents, beginning of period 1,089.0 458.8
Cash and cash equivalents, end of period 1,086.7 444.9
Cash paid during the period for:    
Interest on long-term debt, including impact of interest rate swaps 69.0 76.5
Income taxes, net of refunds received 19.9 14.1
Amounts included in the measurement of operating lease liabilities 18.1 20.5
Supplemental disclosure of non-cash transactions    
Operating lease assets obtained in exchange for operating lease liabilities $ 1.7 $ 11.4
[1]
Costs and operating expenses include equity-based compensation expense as follows:
Cost of revenue0.3 0.3 0.6 0.3 
Technology and development43.3 39.3 84.5 76.8 
Marketing and advertising8.5 7.9 16.7 15.2 
Customer care5.7 5.7 10.8 11.5 
General and administrative23.2 23.0 48.8 43.4 
Restructuring and other— — — 0.8 
Total equity-based compensation expense$81.0 $76.2 $161.4 $148.0 
[2] Employee Stock Purchase Plans include shares repurchased under the 2015 Employee Stock Purchase Plan for the six months ended 2024 and shares repurchased under the 2024 Employee Stock Purchase Plan for the six months ended 2025.
v3.25.2
Organization and Background
 6 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Organization and Background Organization and Background
Organization
GoDaddy was incorporated as a Delaware corporation on May 28, 2014. GoDaddy helps millions of entrepreneurs globally start, grow, and scale their businesses. People come to GoDaddy to name their idea, build a website and logo, sell their products and services and accept payments. GoDaddy Airo®, the company's AI-powered experience, makes growing a small business faster and easier by helping them to get their idea online in minutes, drive traffic and boost sales. GoDaddy's expert guides are available 24/7 to provide assistance.
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, 2025.
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, 2024 (the 2024 Form 10-K).
Prior Period Reclassifications
Certain prior period amounts have been reclassified to conform to the current period presentation. These amounts were not material to any period presented.
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.
v3.25.2
Summary of Significant Accounting Policies
 6 Months Ended
Jun. 30, 2025
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, 2025December 31, 2024
U.S.$127.2 $133.1 
All other international21.3 23.3 
$148.5 $156.4 
No single 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 $55.3 million and $53.1 million as of June 30, 2025 and December 31, 2024, respectively.
Revenue Recognition
Disaggregated Revenue
Revenue by major product type was as follows:
 Three Months Ended June 30,
Six Months Ended June 30,
 2025202420252024
A&C$463.9 $405.6 $910.3 $788.7 
Core: domains566.2 529.2 1,128.1 1,061.2 
Core: other187.5 189.7 373.5 383.1 
$1,217.6 $1,124.5 $2,411.9 $2,233.0 
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,
 2025202420252024
U.S.$821.7 $767.4 $1,627.2 $1,523.0 
International395.9 357.1 784.7 710.0 
$1,217.6 $1,124.5 $2,411.9 $2,233.0 
No international country represented more than 10% of total revenue in any period presented.
See Note 7 for information regarding our deferred revenue.
Assets Recognized from Contract Costs
Costs to fulfill our customer contracts primarily relate to fees paid to various registries at the inception of a domain registration or renewal. We capitalize and recognize these prepaid domain name registry fees as cost of revenue consistent with the pattern of transfer of the product to which the asset relates. Such expense was $208.2 million and $195.8 million for the three months ended June 30, 2025 and 2024, respectively, and was $410.0 million and $389.6 million for the six months ended June 30, 2025 and 2024, respectively.
We have no other material capitalized contract costs.

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 reductions in force during the six months ended June 30, 2025 and June 30, 2024, and (ii) charges incurred related to the abandonment of certain operating lease assets during the six months ended June 30, 2024. 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 money market funds, which we classify within Level 1 because we use quoted market prices to determine their fair value. Level 2 assets and liabilities include 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, 2025
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Notice deposits$225.0 $— $— $225.0 
Time deposits145.0 — — 145.0 
Commercial paper— 134.0 — 134.0 
 Derivative assets— 68.2 — 68.2 
Total assets$370.0 $202.2 $— $572.2 
Liabilities:
 Derivative liabilities$— $164.3 $— $164.3 
December 31, 2024
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Time deposits$144.9 $— $— $144.9 
Notice deposits140.0 — — 140.0 
Commercial paper— 134.5 — 134.5 
 Derivative assets— 172.7 — 172.7 
Total assets$284.9 $307.2 $— $592.1 
We have no other material assets or liabilities measured at fair value on a recurring basis.
Recent Accounting Pronouncements
In December 2023, the Financial Accounting Standards Board (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. We are currently evaluating the impact of this standard on our disclosures within our consolidated financial statements.

In November 2024, the FASB issued guidance requiring public business entities to disaggregate disclosure of income statement expenses. The amendment does not change the expense captions an entity presents on the face of the income statement; rather, it requires disaggregation of certain expense captions into specified categories within the footnotes to the financial statements. This update is effective for our 2027 fiscal year and interim periods in fiscal year 2028, with early adoption permitted. We are currently evaluating the impact of this standard on our disclosures within our consolidated financial statements.
v3.25.2
Goodwill and Intangible Assets
 6 Months Ended
Jun. 30, 2025
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, 2024$1,493.1 $2,025.8 $3,518.9 
Impact of foreign currency translation52.5 72.6 125.1 
Balance at June 30, 2025$1,545.6 $2,098.4 $3,644.0 

Intangible assets, net are summarized as follows:
June 30, 2025
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio219.0 n/a219.0 
Contractual-based assets292.7 n/a292.7 
Finite-lived intangible assets:
Customer-related434.4 $(399.6)34.8 
Developed technology241.7 (232.2)9.5 
Trade names and other101.1 (79.9)21.2 
$1,733.9 $(711.7)$1,022.2 
 December 31, 2024
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio220.5 n/a220.5 
Contractual-based assets292.7 n/a292.7 
Finite-lived intangible assets:
Customer-related394.2 $(340.8)53.4 
Developed technology235.1 (215.9)19.2 
Trade names and other93.2 (68.2)25.0 
$1,680.7 $(624.9)$1,055.8 
Amortization expense was $19.2 million for the three months ended June 30, 2025 and 2024, and was $38.1 million and $39.7 million for the six months ended June 30, 2025 and 2024, respectively. As of June 30, 2025, the weighted-average remaining amortization period was 17 months for total amortizable intangible assets, 11 months for customer-related, 8 months for developed technology and 31 months for trade names and other.
Based on the balance of finite-lived intangible assets as of June 30, 2025, expected future amortization expense is as follows:
Year Ending December 31:
2025 (remainder of)$34.0 
202624.0 
20274.4 
20281.9 
20291.2 
$65.5 
v3.25.2
Stockholders' Equity
 6 Months Ended
Jun. 30, 2025
Equity [Abstract]  
Stockholders' Equity Stockholders' Equity
Share Repurchases
Our board of directors (board) previously authorized the repurchase of up to $4,000 million of our Class A common stock. During the three months ended March 31, 2025, we made upfront payments totaling $767.4 million, which was equivalent to the amount remaining under this board authorization, to enter into two accelerated share repurchase agreements (ASRs) to repurchase shares of our Class A common stock. The ASRs were 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. During April 2025, the ASRs were settled in full with the delivery of approximately 4.4 million shares of Class A common stock at a weighted average price of $176.02 per share. The total number of shares delivered under each ASR, and therefore the average purchase price paid per share, was determined based on the volume weighted-average price of our stock during the applicable purchase period less an agreed upon discount and subject to a cap. The shares received were retired at the time of delivery.
Upon completion of the prior repurchase authorization, as described above, in April 2025, our board approved the repurchase of up to an additional $3,000 million of our Class A common stock through the end of 2027. Shares may be repurchased in open market purchases, block transactions and privately negotiated transactions, in accordance with applicable federal securities laws. This authorization does not obligate us to make any repurchases and may be modified, suspended or terminated by us at any time without prior notice. During the six months ended June 30, 2025, we repurchased a total of approximately 0.2 million shares of our Class A common stock, which were retired upon repurchase, for an aggregate purchase price of $27.0 million. As of June 30, 2025, we had $2,973.0 million remaining available for repurchases under the current board authorization.
v3.25.2
Prepaid Expenses and Other Current Assets
 6 Months Ended
Jun. 30, 2025
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, 2025December 31, 2024
Derivative assets$68.2 $172.7 
Prepaid software and maintenance expenses51.8 33.2 
Usage-based prepaid expenses(1)
11.5 20.2 
Other24.9 19.1 
$156.4 $245.2 
_________________________________
(1)Usage-based prepaid expenses include various cost of sales, marketing, rent and other prepaid commitments that are amortized as the related services are utilized.
v3.25.2
Equity-Based Compensation Plans
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Equity-Based Compensation Plans Equity-Based Compensation Plans
Equity Plan Activity
We have granted stock options at exercise prices equal to the fair market value of our Class A common stock on the grant date as well as granted both stock options and restricted stock awards (RSUs) vesting solely upon the continued service of the recipient. Stock options were last granted in 2020. Performance-based awards (PSUs) vest based on our relative total stockholder return (TSR) as compared to an index of public internet companies.
The following table summarizes stock option activity:
Number of
Shares of Class A Common Stock (#)		Weighted-
Average
Exercise
Price ($)
Outstanding at December 31, 2024
645 54.28 
Exercised(160)40.10 
Outstanding and vested at June 30, 2025
485 58.96 
The following table summarizes stock award activity:
Number of
Shares of Class A Common Stock (#)
Outstanding at December 31, 20244,955 
Granted: RSUs1,336 
Granted: TSR-based PSUs150 
TSR-based PSU achievement above target210 
Vested(1,881)
Forfeited(241)
Outstanding at June 30, 2025(1)
4,529 
_________________________________
(1)The balance of outstanding awards consisted of the following:
Number of
Shares of Class A Common Stock (#)		Weighted-Average Grant-Date Fair Value Per Share ($)
RSUs3,967 124.77
TSR-based PSUs562 168.96
Outstanding at June 30, 2025
4,529 
As of June 30, 2025, total unrecognized compensation expense related to non-vested equity grants was $458.9 million with an expected remaining weighted-average recognition period of 1.8 years.
v3.25.2
Deferred Revenue
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Deferred Revenue Deferred Revenue
Deferred revenue consisted of the following:
June 30, 2025December 31, 2024
Current:
A&C$877.0 $783.2 
Core1,522.7 1,439.1 
$2,399.7 $2,222.3 
Noncurrent:
A&C$217.0 $197.0 
Core720.8 686.2 
$937.8 $883.2 
The increase in deferred revenue is primarily driven by payments received in advance of satisfying our performance obligations, offset by $673.5 million and $1,543.8 million of revenue recognized during the three and six months ended June 30, 2025 that was included in the deferred revenue balance as of December 31, 2024. Deferred revenue as of June 30, 2025 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 2025
2026202720282029ThereafterTotal
A&C$618.4 $349.5 $95.2 $21.2 $6.0 $3.7 $1,094.0 
Core1,006.1 767.7 242.1 97.8 53.4 76.4 2,243.5 
$1,624.5 $1,117.2 $337.3 $119.0 $59.4 $80.1 $3,337.5 
v3.25.2
Accrued Expenses and Other Current Liabilities
 6 Months Ended
Jun. 30, 2025
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, 2025December 31, 2024
Derivative liabilities$164.3 $— 
Accrued payroll and employee benefits97.7 146.0 
Tax-related accruals75.0 66.9 
Accrued hosting and software licenses33.6 17.8 
Accrued legal and professional27.5 35.3 
Current portion of operating lease liabilities24.1 23.0 
Other97.1 89.6 
$519.3 $378.6 
v3.25.2
Long-Term Debt
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Long-Term Debt Long-Term Debt
Long-term debt consisted of the following:
 Maturity DateJune 30, 2025December 31, 2024
2029 Term Loans (effective interest rate of 6.7% at June 30, 2025 and 7.6% at December 31, 2024)
November 10, 2029$1,451.5 $1,458.9 
2031 Term Loans (effective interest rate of 6.3% at June 30, 2025 and 7.2% at December 31, 2024)
May 31, 2031990.0 995.0 
2027 Senior Notes (effective interest rate of 5.5% at June 30, 2025 and 5.4% at December 31, 2024)
December 1, 2027600.0 600.0 
2029 Senior Notes (effective interest rate of 3.7% at June 30, 2025 and 3.6% at December 31, 2024)
March 1, 2029800.0 800.0 
Revolver
November 10, 2027— — 
Total3,841.5 3,853.9 
Less: unamortized original issue discount and debt issuance costs(1)
(53.4)(58.9)
Less: current portion of long-term debt(15.7)(15.9)
$3,772.4 $3,779.1 
_________________________________
(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 2024 Form 10-K, our secured credit agreement (the Credit Facility) includes two tranches of term loans (the 2029 Term Loans and the 2031 Term Loans). A portion of the term loans is hedged by interest rate swap agreements, as discussed in Note 10.
As of June 30, 2025, we had $994.7 million available for borrowing under the Revolver as $5.3 million has been used to secure the issuance of standby letters of credit.
Senior Notes
As described in our 2024 Form 10-K, we have completed two offerings of senior notes (the Senior Notes), the 2027 Senior Notes due in 2027 and the 2029 Senior Notes due in 2029.
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, 2025:
2029 Term Loans$1,454.2 
2031 Term Loans$991.9 
2027 Senior Notes$599.9 
2029 Senior Notes$756.6 
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, 2025 were as follows:
Year Ending December 31:
2025 (remainder of)
$12.3 
202624.6 
2027624.6 
202824.6 
20292,210.3 
Thereafter945.1 
$3,841.5 
v3.25.2
Derivatives and Hedging
 6 Months Ended
Jun. 30, 2025
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, 2025December 31, 2024June 30, 2025December 31, 2024June 30, 2025December 31, 2024
Cash flow hedges:
Foreign exchange forward contracts$966.9 $946.3 $— $33.2 $39.0 $— 
Cross-currency swaps(1)
589.3 520.4 — 12.5 54.9 — 
Interest rate swaps1,928.6 1,939.0 68.2 111.0 — — 
Net investment hedges:
Cross-currency swaps(1)
755.4 667.0 — 16.0 70.4 — 
Total hedges$4,240.2 $4,072.7 $68.2 $172.7 $164.3 $— 
_________________________________
(1)The notional values of the cross-currency swap have been translated from Euros to U.S. dollars at the foreign currency rates in effect of approximately 1.18 and 1.04 as of June 30, 2025 and December 31, 2024, 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, 2025June 30, 2024June 30, 2025June 30, 2024
Cash flow hedges:
Foreign exchange forward contracts(1)
$(53.5)$1.2 $(73.0)$10.5 
Cross-currency swaps(0.4)(0.1)4.4 (2.2)
Interest rate swaps(17.9)(5.4)(43.1)15.7 
Net investment hedges:
Cross-currency swaps(62.9)5.8 (86.7)19.0 
Total hedges$(134.7)$1.5 $(198.4)$43.0 
_________________________________
(1)Amounts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
The following table summarizes the locations and amounts of gains (losses) recognized within earnings related to our hedging relationships:
Three Months Ended June 30, 2025Three Months Ended June 30, 2024
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Cash flow hedges:
Foreign exchange forward contracts:
Reclassified from AOCI into income$0.7 $— $— $1.3 $— $— 
Cross-currency swaps:
Reclassified from AOCI into income(1)
— 2.1 (48.7)— 2.5 4.0 
Interest rate swaps:
Reclassified from AOCI into income— 12.9 — — 18.7 — 
Net investment hedges:
Cross-currency swaps:
Reclassified from AOCI into income— 2.7 — — 3.2 — 
Total hedges$0.7 $17.7 $(48.7)$1.3 $24.4 $4.0 
_________________________________
(1)The amounts reflected in other income (expense), net include $48.3 million and $(4.1) million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by the cross-currency swap during the three months ended June 30, 2025 and 2024, respectively.
Six Months Ended June 30, 2025Six Months Ended June 30, 2024
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Cash flow hedges:
Foreign exchange forward contracts:
Reclassified from AOCI into income$2.0 $— $— $2.9 $— $— 
Cross-currency swaps:
Reclassified from AOCI into income(1)
— 4.5 (72.0)— 4.9 16.4 
Interest rate swaps:
Reclassified from AOCI into income— 25.7 — — 36.7 — 
Net investment hedges:
Cross-currency swaps:
Reclassified from AOCI into income— 5.9 — — 6.3 — 
Total hedges$2.0 $36.1 $(72.0)$2.9 $47.9 $16.4 
_________________________________
(1)The amounts reflected in other income (expense), net include $71.6 million and $(16.5) million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by the cross-currency swap during the six months ended June 30, 2025 and 2024, respectively.
As of June 30, 2025, we estimate that $70.3 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
There have been no material changes in the risk management strategies associated with our derivatives from those disclosed in the 2024 10-K.
v3.25.2
Leases
 6 Months Ended
Jun. 30, 2025
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, 2025, operating leases have a remaining weighted-average lease term of 6.1 years and our operating lease liabilities were measured using a weighted-average discount rate of 5.3%.
The components of operating lease expense were as follows:
Three Months EndedSix Months Ended
 June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Operating lease costs$6.2 $6.9 $12.4 $14.5 
Variable lease costs3.6 3.0 6.3 6.7 
Sublease income(2.1)(1.8)(3.8)(4.7)
Total net lease cost$7.7 $8.1 $14.9 $16.5 
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.
v3.25.2
Commitments and Contingencies
 6 Months Ended
Jun. 30, 2025
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 2024 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, rules 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 $33.6 million and $31.5 million as of June 30, 2025 and December 31, 2024, 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.
v3.25.2
Restructuring and Other Charges
 6 Months Ended
Jun. 30, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges Restructuring and Other Charges
Restructuring activities during the six months ended June 30, 2025 were immaterial. 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.
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, 2024$0.8 
Restructuring costs incurred
2.2 
Amount paid(3.0)
Accrued restructuring costs as of June 30, 2025
$— 
Accrued restructuring costs as of December 31, 2023$7.4 
Restructuring costs incurred (1)
16.7 
Amount paid(17.6)
Accrued restructuring costs as of June 30, 2024
$6.5 
________________________________
(1)Excludes $0.8 million in equity-based compensation expense associated with our restructuring plans in 2024 which was recorded within additional paid-in capital.
v3.25.2
Income Taxes
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
Income Taxes Income Taxes
Our effective tax rate for the six months ended June 30, 2025 is 8.6%, which differs from the U.S. federal statutory rate primarily due to U.S. research and development tax credits, excess tax benefits related to equity-based compensation and a one-time benefit for the recognition of an uncertain tax position of $34.6 million.
We monitor the realizability of our deferred tax assets (DTAs) considering all relevant factors at each reporting period. As of June 30, 2025, 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.
We 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 $166.7 million as of June 30, 2025, of which $108.5 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.
During the six months ended June 30, 2025, we recognized a $34.6 million income tax benefit related to the recognition of an uncertain tax position in a foreign jurisdiction as a result of a favorable tax court ruling.
v3.25.2
Income Per Share
 6 Months Ended
Jun. 30, 2025
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,
 2025202420252024
Numerator:
Net income$199.9 $146.3 $419.4 $547.8 
Denominator:
Weighted-average shares of Class A common stock outstanding—basic138,734 141,269 140,200 141,899 
Effect of dilutive securities:
Stock options373 448 391 449 
RSUs, PSUs and ESPPs shares2,301 2,927 2,796 2,973 
Weighted-average shares of Class A Common stock outstanding—diluted141,408 144,644 143,387 145,321 
Net income per share of Class A common stock—basic
$1.44 $1.04 $2.99 $3.86 
Net income per share of Class A common stock—diluted
$1.41 $1.01 $2.92 $3.77 
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,
 2025202420252024
RSUs, PSUs and ESPPs shares102 443 69 292 

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. For purposes of computing earnings per share, the share repurchases, which settled in the third quarter of 2024, were reflected as a reduction to weighted-average shares of Class A common stock outstanding on the respective delivery dates.
v3.25.2
Segment Information
 6 Months Ended
Jun. 30, 2025
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, 2025, 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 evaluated on a monthly basis by the CODM by monitoring actual results versus the annual plan. This comparison is performed to make strategic decisions regarding segment profitability, resource allocation, pricing strategies and cost optimization. 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,
2025202420252024
A&C
Revenue$463.9 $405.6 $910.3 $788.7 
Other segment items(1)
(258.1)(229.0)(507.6)(450.2)
Segment EBITDA205.8 176.6 402.7 338.5 
Core
Revenue753.7 718.9 1,501.6 1,444.3 
Other segment items(2)
(507.6)(499.4)(1,020.2)(1,008.1)
Segment EBITDA246.1 219.5 481.4 436.2 
Total revenue1,217.6 1,124.5 2,411.9 2,233.0 
Total other segment items(765.7)(728.4)(1,527.8)(1,458.3)
Total Segment EBITDA451.9 396.1 884.1 774.7 
Unallocated corporate overhead(70.2)(64.4)(138.0)(130.0)
Depreciation and amortization(30.6)(33.1)(61.4)(70.3)
Equity-based compensation expense(3)
(81.0)(76.2)(161.4)(147.2)
Interest expense, net of interest income(29.5)(34.5)(57.1)(69.2)
Restructuring and other(4)
(1.5)(13.0)(7.1)(39.9)
Income before income taxes239.1 174.9 459.1 318.1 
Benefit (provision) for income taxes(39.2)(28.6)(39.7)229.7 
Net income$199.9 $146.3 $419.4 $547.8 
_________________________________
(1)Other segment items in A&C are primarily composed of product license fees used in our third-party email and productivity solutions, payment processing fees, personnel costs excluding equity-based compensation, data center and systems infrastructure costs excluding depreciation, customer care and marketing costs. The CODM uses consolidated expense information to manage operations and is not regularly provided disaggregated other segment items.
(2)Other segment items in Core are primarily composed of domain registration fees, payment processing fees, costs associated with sales of aftermarket domains, hosting and security license fees, personnel costs excluding equity-based compensation, data center and systems infrastructure costs excluding depreciation, customer care and marketing costs. The CODM uses consolidated expense information to manage operations and is not regularly provided disaggregated other segment items.
(3)The six months ended June 30, 2024 exclude $0.8 million of equity-based compensation expense associated with our restructuring activities which is included within restructuring and other.
(4)In addition to 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, expenses incurred in relation to the refinancing of our long-term debt and incremental expenses associated with certain professional services.
v3.25.2
Accumulated Other Comprehensive Income (Loss)
 6 Months Ended
Jun. 30, 2025
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
Balance as of December 31, 2024
$(67.7)$200.2 $132.5 
Other comprehensive income (loss) before reclassifications(31.1)(31.8)(62.9)
Amounts reclassified from AOCI— (33.9)(33.9)
Other comprehensive income (loss)(31.1)(65.7)(96.8)
Balance as of June 30, 2025$(98.8)$134.5 $35.7 
Balance as of December 31, 2023
$(83.6)$195.0 $111.4 
Other comprehensive income (loss) before reclassifications10.1 (52.9)(42.8)
Amounts reclassified from AOCI— 67.2 67.2 
Other comprehensive income (loss)10.1 14.3 24.4 
Balance as of June 30, 2024$(73.5)$209.3 $135.8 
________________________________
(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. See Note 10 for the effect on net income of amounts reclassified from AOCI related to our hedging relationships.
v3.25.2
Insider Trading Arrangements
 3 Months Ended
Jun. 30, 2025
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
Roger Chen [Member]  
Trading Arrangements, by Individual  
Material Terms of Trading Arrangement
On June 10, 2025, 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 18,000 shares of the company's Class A common stock between October 15, 2025 and October 15, 2026.
Name Roger Chen
Title Chief Operating Officer
Rule 10b5-1 Arrangement Adopted true
Adoption Date June 10, 2025
Expiration Date October 15, 2026
Arrangement Duration 365 days
Aggregate Available 18,000
v3.25.2
Summary of Significant Accounting Policies (Policies)
 6 Months Ended
Jun. 30, 2025
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, 2025.
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, 2024 (the 2024 Form 10-K).
Prior Period Reclassifications
Prior Period Reclassifications
Certain prior period amounts have been reclassified to conform to the current period presentation. These amounts were not material to any period presented.
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
Costs to fulfill our customer contracts primarily relate to fees paid to various registries at the inception of a domain registration or renewal. We capitalize and recognize these prepaid domain name registry fees as 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 reductions in force during the six months ended June 30, 2025 and June 30, 2024, and (ii) charges incurred related to the abandonment of certain operating lease assets during the six months ended June 30, 2024.
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 money market funds, which we classify within Level 1 because we use quoted market prices to determine their fair value. Level 2 assets and liabilities include 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
Recent Accounting Pronouncements
In December 2023, the Financial Accounting Standards Board (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. We are currently evaluating the impact of this standard on our disclosures within our consolidated financial statements.

In November 2024, the FASB issued guidance requiring public business entities to disaggregate disclosure of income statement expenses. The amendment does not change the expense captions an entity presents on the face of the income statement; rather, it requires disaggregation of certain expense captions into specified categories within the footnotes to the financial statements. This update is effective for our 2027 fiscal year and interim periods in fiscal year 2028, with early adoption permitted. We are currently evaluating the impact of this standard on our disclosures within our consolidated financial statements.
v3.25.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2025
Accounting Policies [Abstract]  
Property and Equipment, Net by Geography
Property and equipment, net by geography was as follows:
 June 30, 2025December 31, 2024
U.S.$127.2 $133.1 
All other international21.3 23.3 
$148.5 $156.4 
Revenue by Product Type
Revenue by major product type was as follows:
 Three Months Ended June 30,
Six Months Ended June 30,
 2025202420252024
A&C$463.9 $405.6 $910.3 $788.7 
Core: domains566.2 529.2 1,128.1 1,061.2 
Core: other187.5 189.7 373.5 383.1 
$1,217.6 $1,124.5 $2,411.9 $2,233.0 
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,
 2025202420252024
U.S.$821.7 $767.4 $1,627.2 $1,523.0 
International395.9 357.1 784.7 710.0 
$1,217.6 $1,124.5 $2,411.9 $2,233.0 
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, 2025
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Notice deposits$225.0 $— $— $225.0 
Time deposits145.0 — — 145.0 
Commercial paper— 134.0 — 134.0 
 Derivative assets— 68.2 — 68.2 
Total assets$370.0 $202.2 $— $572.2 
Liabilities:
 Derivative liabilities$— $164.3 $— $164.3 
December 31, 2024
Level 1Level 2Level 3Total
Assets:
 Cash and cash equivalents:
Time deposits$144.9 $— $— $144.9 
Notice deposits140.0 — — 140.0 
Commercial paper— 134.5 — 134.5 
 Derivative assets— 172.7 — 172.7 
Total assets$284.9 $307.2 $— $592.1 
v3.25.2
Goodwill and Intangible Assets (Tables)
 6 Months Ended
Jun. 30, 2025
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, 2024$1,493.1 $2,025.8 $3,518.9 
Impact of foreign currency translation52.5 72.6 125.1 
Balance at June 30, 2025$1,545.6 $2,098.4 $3,644.0 
Schedule of Indefinite-Lived Intangible Assets
Intangible assets, net are summarized as follows:
June 30, 2025
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio219.0 n/a219.0 
Contractual-based assets292.7 n/a292.7 
Finite-lived intangible assets:
Customer-related434.4 $(399.6)34.8 
Developed technology241.7 (232.2)9.5 
Trade names and other101.1 (79.9)21.2 
$1,733.9 $(711.7)$1,022.2 
 December 31, 2024
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio220.5 n/a220.5 
Contractual-based assets292.7 n/a292.7 
Finite-lived intangible assets:
Customer-related394.2 $(340.8)53.4 
Developed technology235.1 (215.9)19.2 
Trade names and other93.2 (68.2)25.0 
$1,680.7 $(624.9)$1,055.8 
Schedule of Finite-Lived Intangible Assets
Intangible assets, net are summarized as follows:
June 30, 2025
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio219.0 n/a219.0 
Contractual-based assets292.7 n/a292.7 
Finite-lived intangible assets:
Customer-related434.4 $(399.6)34.8 
Developed technology241.7 (232.2)9.5 
Trade names and other101.1 (79.9)21.2 
$1,733.9 $(711.7)$1,022.2 
 December 31, 2024
Gross 
Carrying
Amount		Accumulated
Amortization		Net Carrying
Amount
Indefinite-lived intangible assets:
Trade names and branding$445.0 n/a$445.0 
Domain portfolio220.5 n/a220.5 
Contractual-based assets292.7 n/a292.7 
Finite-lived intangible assets:
Customer-related394.2 $(340.8)53.4 
Developed technology235.1 (215.9)19.2 
Trade names and other93.2 (68.2)25.0 
$1,680.7 $(624.9)$1,055.8 
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense
Based on the balance of finite-lived intangible assets as of June 30, 2025, expected future amortization expense is as follows:
Year Ending December 31:
2025 (remainder of)$34.0 
202624.0 
20274.4 
20281.9 
20291.2 
$65.5 
v3.25.2
Prepaid Expenses and Other Current Assets (Tables)
 6 Months Ended
Jun. 30, 2025
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, 2025December 31, 2024
Derivative assets$68.2 $172.7 
Prepaid software and maintenance expenses51.8 33.2 
Usage-based prepaid expenses(1)
11.5 20.2 
Other24.9 19.1 
$156.4 $245.2 
_________________________________
(1)Usage-based prepaid expenses include various cost of sales, marketing, rent and other prepaid commitments that are amortized as the related services are utilized.
v3.25.2
Equity-Based Compensation Plans (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Summary of Stock Award Activity
The following table summarizes stock option activity:
Number of
Shares of Class A Common Stock (#)		Weighted-
Average
Exercise
Price ($)
Outstanding at December 31, 2024
645 54.28 
Exercised(160)40.10 
Outstanding and vested at June 30, 2025
485 58.96 
The following table summarizes stock award activity:
Number of
Shares of Class A Common Stock (#)
Outstanding at December 31, 20244,955 
Granted: RSUs1,336 
Granted: TSR-based PSUs150 
TSR-based PSU achievement above target210 
Vested(1,881)
Forfeited(241)
Outstanding at June 30, 2025(1)
4,529 
_________________________________
(1)The balance of outstanding awards consisted of the following:
Number of
Shares of Class A Common Stock (#)		Weighted-Average Grant-Date Fair Value Per Share ($)
RSUs3,967 124.77
TSR-based PSUs562 168.96
Outstanding at June 30, 2025
4,529 
v3.25.2
Deferred Revenue (Tables)
 6 Months Ended
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]  
Composition of Deferred Revenue
Deferred revenue consisted of the following:
June 30, 2025December 31, 2024
Current:
A&C$877.0 $783.2 
Core1,522.7 1,439.1 
$2,399.7 $2,222.3 
Noncurrent:
A&C$217.0 $197.0 
Core720.8 686.2 
$937.8 $883.2 
Expected Recognition of Deferred Revenue Deferred revenue as of June 30, 2025 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 2025
2026202720282029ThereafterTotal
A&C$618.4 $349.5 $95.2 $21.2 $6.0 $3.7 $1,094.0 
Core1,006.1 767.7 242.1 97.8 53.4 76.4 2,243.5 
$1,624.5 $1,117.2 $337.3 $119.0 $59.4 $80.1 $3,337.5 
v3.25.2
Accrued Expenses and Other Current Liabilities (Tables)
 6 Months Ended
Jun. 30, 2025
Payables and Accruals [Abstract]  
Composition of Accrued Expenses and Other Current Liabilities
Accrued expenses and other current liabilities consisted of the following:
June 30, 2025December 31, 2024
Derivative liabilities$164.3 $— 
Accrued payroll and employee benefits97.7 146.0 
Tax-related accruals75.0 66.9 
Accrued hosting and software licenses33.6 17.8 
Accrued legal and professional27.5 35.3 
Current portion of operating lease liabilities24.1 23.0 
Other97.1 89.6 
$519.3 $378.6 
v3.25.2
Long-Term Debt (Tables)
 6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Composition of Long-Term Debt
Long-term debt consisted of the following:
 Maturity DateJune 30, 2025December 31, 2024
2029 Term Loans (effective interest rate of 6.7% at June 30, 2025 and 7.6% at December 31, 2024)
November 10, 2029$1,451.5 $1,458.9 
2031 Term Loans (effective interest rate of 6.3% at June 30, 2025 and 7.2% at December 31, 2024)
May 31, 2031990.0 995.0 
2027 Senior Notes (effective interest rate of 5.5% at June 30, 2025 and 5.4% at December 31, 2024)
December 1, 2027600.0 600.0 
2029 Senior Notes (effective interest rate of 3.7% at June 30, 2025 and 3.6% at December 31, 2024)
March 1, 2029800.0 800.0 
Revolver
November 10, 2027— — 
Total3,841.5 3,853.9 
Less: unamortized original issue discount and debt issuance costs(1)
(53.4)(58.9)
Less: current portion of long-term debt(15.7)(15.9)
$3,772.4 $3,779.1 
_________________________________
(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, 2025:
2029 Term Loans$1,454.2 
2031 Term Loans$991.9 
2027 Senior Notes$599.9 
2029 Senior Notes$756.6 
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, 2025 were as follows:
Year Ending December 31:
2025 (remainder of)
$12.3 
202624.6 
2027624.6 
202824.6 
20292,210.3 
Thereafter945.1 
$3,841.5 
v3.25.2
Derivatives and Hedging (Tables)
 6 Months Ended
Jun. 30, 2025
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, 2025December 31, 2024June 30, 2025December 31, 2024June 30, 2025December 31, 2024
Cash flow hedges:
Foreign exchange forward contracts$966.9 $946.3 $— $33.2 $39.0 $— 
Cross-currency swaps(1)
589.3 520.4 — 12.5 54.9 — 
Interest rate swaps1,928.6 1,939.0 68.2 111.0 — — 
Net investment hedges:
Cross-currency swaps(1)
755.4 667.0 — 16.0 70.4 — 
Total hedges$4,240.2 $4,072.7 $68.2 $172.7 $164.3 $— 
_________________________________
(1)The notional values of the cross-currency swap have been translated from Euros to U.S. dollars at the foreign currency rates in effect of approximately 1.18 and 1.04 as of June 30, 2025 and December 31, 2024, 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, 2025June 30, 2024June 30, 2025June 30, 2024
Cash flow hedges:
Foreign exchange forward contracts(1)
$(53.5)$1.2 $(73.0)$10.5 
Cross-currency swaps(0.4)(0.1)4.4 (2.2)
Interest rate swaps(17.9)(5.4)(43.1)15.7 
Net investment hedges:
Cross-currency swaps(62.9)5.8 (86.7)19.0 
Total hedges$(134.7)$1.5 $(198.4)$43.0 
_________________________________
(1)Amounts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI.
The following table summarizes the locations and amounts of gains (losses) recognized within earnings related to our hedging relationships:
Three Months Ended June 30, 2025Three Months Ended June 30, 2024
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Cash flow hedges:
Foreign exchange forward contracts:
Reclassified from AOCI into income$0.7 $— $— $1.3 $— $— 
Cross-currency swaps:
Reclassified from AOCI into income(1)
— 2.1 (48.7)— 2.5 4.0 
Interest rate swaps:
Reclassified from AOCI into income— 12.9 — — 18.7 — 
Net investment hedges:
Cross-currency swaps:
Reclassified from AOCI into income— 2.7 — — 3.2 — 
Total hedges$0.7 $17.7 $(48.7)$1.3 $24.4 $4.0 
_________________________________
(1)The amounts reflected in other income (expense), net include $48.3 million and $(4.1) million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by the cross-currency swap during the three months ended June 30, 2025 and 2024, respectively.
Six Months Ended June 30, 2025Six Months Ended June 30, 2024
RevenueInterest ExpenseOther Income (Expense), NetRevenueInterest ExpenseOther Income (Expense), Net
Cash flow hedges:
Foreign exchange forward contracts:
Reclassified from AOCI into income$2.0 $— $— $2.9 $— $— 
Cross-currency swaps:
Reclassified from AOCI into income(1)
— 4.5 (72.0)— 4.9 16.4 
Interest rate swaps:
Reclassified from AOCI into income— 25.7 — — 36.7 — 
Net investment hedges:
Cross-currency swaps:
Reclassified from AOCI into income— 5.9 — — 6.3 — 
Total hedges$2.0 $36.1 $(72.0)$2.9 $47.9 $16.4 
_________________________________
(1)The amounts reflected in other income (expense), net include $71.6 million and $(16.5) million reclassified from AOCI to offset the earnings impact of the remeasurement of the Euro-denominated intercompany loan hedged by the cross-currency swap during the six months ended June 30, 2025 and 2024, respectively.
v3.25.2
Leases (Tables)
 6 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Components of Lease Expenses
The components of operating lease expense were as follows:
Three Months EndedSix Months Ended
 June 30, 2025June 30, 2024June 30, 2025June 30, 2024
Operating lease costs$6.2 $6.9 $12.4 $14.5 
Variable lease costs3.6 3.0 6.3 6.7 
Sublease income(2.1)(1.8)(3.8)(4.7)
Total net lease cost$7.7 $8.1 $14.9 $16.5 
v3.25.2
Restructuring and Other Charges (Tables)
 6 Months Ended
Jun. 30, 2025
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, 2024$0.8 
Restructuring costs incurred
2.2 
Amount paid(3.0)
Accrued restructuring costs as of June 30, 2025
$— 
Accrued restructuring costs as of December 31, 2023$7.4 
Restructuring costs incurred (1)
16.7 
Amount paid(17.6)
Accrued restructuring costs as of June 30, 2024
$6.5 
________________________________
(1)Excludes $0.8 million in equity-based compensation expense associated with our restructuring plans in 2024 which was recorded within additional paid-in capital.
v3.25.2
Income Per Share (Tables)
 6 Months Ended
Jun. 30, 2025
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,
 2025202420252024
Numerator:
Net income$199.9 $146.3 $419.4 $547.8 
Denominator:
Weighted-average shares of Class A common stock outstanding—basic138,734 141,269 140,200 141,899 
Effect of dilutive securities:
Stock options373 448 391 449 
RSUs, PSUs and ESPPs shares2,301 2,927 2,796 2,973 
Weighted-average shares of Class A Common stock outstanding—diluted141,408 144,644 143,387 145,321 
Net income per share of Class A common stock—basic
$1.44 $1.04 $2.99 $3.86 
Net income per share of Class A common stock—diluted
$1.41 $1.01 $2.92 $3.77 
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,
 2025202420252024
RSUs, PSUs and ESPPs shares102 443 69 292 
v3.25.2
Segment Information (Tables)
 6 Months Ended
Jun. 30, 2025
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,
2025202420252024
A&C
Revenue$463.9 $405.6 $910.3 $788.7 
Other segment items(1)
(258.1)(229.0)(507.6)(450.2)
Segment EBITDA205.8 176.6 402.7 338.5 
Core
Revenue753.7 718.9 1,501.6 1,444.3 
Other segment items(2)
(507.6)(499.4)(1,020.2)(1,008.1)
Segment EBITDA246.1 219.5 481.4 436.2 
Total revenue1,217.6 1,124.5 2,411.9 2,233.0 
Total other segment items(765.7)(728.4)(1,527.8)(1,458.3)
Total Segment EBITDA451.9 396.1 884.1 774.7 
Unallocated corporate overhead(70.2)(64.4)(138.0)(130.0)
Depreciation and amortization(30.6)(33.1)(61.4)(70.3)
Equity-based compensation expense(3)
(81.0)(76.2)(161.4)(147.2)
Interest expense, net of interest income(29.5)(34.5)(57.1)(69.2)
Restructuring and other(4)
(1.5)(13.0)(7.1)(39.9)
Income before income taxes239.1 174.9 459.1 318.1 
Benefit (provision) for income taxes(39.2)(28.6)(39.7)229.7 
Net income$199.9 $146.3 $419.4 $547.8 
_________________________________
(1)Other segment items in A&C are primarily composed of product license fees used in our third-party email and productivity solutions, payment processing fees, personnel costs excluding equity-based compensation, data center and systems infrastructure costs excluding depreciation, customer care and marketing costs. The CODM uses consolidated expense information to manage operations and is not regularly provided disaggregated other segment items.
(2)Other segment items in Core are primarily composed of domain registration fees, payment processing fees, costs associated with sales of aftermarket domains, hosting and security license fees, personnel costs excluding equity-based compensation, data center and systems infrastructure costs excluding depreciation, customer care and marketing costs. The CODM uses consolidated expense information to manage operations and is not regularly provided disaggregated other segment items.
(3)The six months ended June 30, 2024 exclude $0.8 million of equity-based compensation expense associated with our restructuring activities which is included within restructuring and other.
(4)In addition to 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, expenses incurred in relation to the refinancing of our long-term debt and incremental expenses associated with certain professional services.
v3.25.2
Accumulated Other Comprehensive Income (Loss) (Tables)
 6 Months Ended
Jun. 30, 2025
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
Balance as of December 31, 2024
$(67.7)$200.2 $132.5 
Other comprehensive income (loss) before reclassifications(31.1)(31.8)(62.9)
Amounts reclassified from AOCI— (33.9)(33.9)
Other comprehensive income (loss)(31.1)(65.7)(96.8)
Balance as of June 30, 2025$(98.8)$134.5 $35.7 
Balance as of December 31, 2023
$(83.6)$195.0 $111.4 
Other comprehensive income (loss) before reclassifications10.1 (52.9)(42.8)
Amounts reclassified from AOCI— 67.2 67.2 
Other comprehensive income (loss)10.1 14.3 24.4 
Balance as of June 30, 2024$(73.5)$209.3 $135.8 
________________________________
(1)Amounts shown for our foreign exchange forward contracts include gains and losses realized upon contract settlement but not yet recognized into earnings from AOCI. See Note 10 for the effect on net income of amounts reclassified from AOCI related to our hedging relationships.
v3.25.2
Organization and Background (Details)
 6 Months Ended
Jun. 30, 2025
segment
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Number of reportable segments 2
Number of operating segments 2
v3.25.2
Summary of Significant Accounting Policies - Property and Equipment, Net by Geography (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net $ 148.5 $ 156.4
U.S.    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net 127.2 133.1
All other international    
Revenues from External Customers and Long-Lived Assets [Line Items]    
Property and equipment, net $ 21.3 $ 23.3
v3.25.2
Summary of Significant Accounting Policies - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Accounting Policies [Abstract]          
Equity investments $ 55.3   $ 55.3   $ 53.1
Amortization of contract costs $ 208.2 $ 195.8 $ 410.0 $ 389.6  
v3.25.2
Summary of Significant Accounting Policies - Revenue by Product Type (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Disaggregation of Revenue [Line Items]        
Revenue $ 1,217.6 $ 1,124.5 $ 2,411.9 $ 2,233.0
A&C        
Disaggregation of Revenue [Line Items]        
Revenue 463.9 405.6 910.3 788.7
Core        
Disaggregation of Revenue [Line Items]        
Revenue 753.7 718.9 1,501.6 1,444.3
Core | Domains        
Disaggregation of Revenue [Line Items]        
Revenue 566.2 529.2 1,128.1 1,061.2
Core | Other        
Disaggregation of Revenue [Line Items]        
Revenue $ 187.5 $ 189.7 $ 373.5 $ 383.1
v3.25.2
Summary of Significant Accounting Policies - Revenue by Geography (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]        
Revenue $ 1,217.6 $ 1,124.5 $ 2,411.9 $ 2,233.0
U.S.        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Revenue 821.7 767.4 1,627.2 1,523.0
International        
Revenues from External Customers and Long-Lived Assets [Line Items]        
Revenue $ 395.9 $ 357.1 $ 784.7 $ 710.0
v3.25.2
Summary of Significant Accounting Policies - Fair Value of Assets and Liabilities Measured on a Recurring Basis (Details) - Measured on a Recurring Basis - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Assets:    
Derivative assets $ 68.2 $ 172.7
Total assets 572.2 592.1
Liabilities:    
Derivative liabilities 164.3  
Commercial paper    
Assets:    
Cash and cash equivalents 134.0 134.5
Time deposits    
Assets:    
Cash and cash equivalents 145.0 144.9
Notice deposits    
Assets:    
Cash and cash equivalents 225.0 140.0
Level 1    
Assets:    
Derivative assets 0.0 0.0
Total assets 370.0 284.9
Liabilities:    
Derivative liabilities 0.0  
Level 1 | Commercial paper    
Assets:    
Cash and cash equivalents 0.0 0.0
Level 1 | Time deposits    
Assets:    
Cash and cash equivalents 145.0 144.9
Level 1 | Notice deposits    
Assets:    
Cash and cash equivalents 225.0 140.0
Level 2    
Assets:    
Derivative assets 68.2 172.7
Total assets 202.2 307.2
Liabilities:    
Derivative liabilities 164.3  
Level 2 | Commercial paper    
Assets:    
Cash and cash equivalents 134.0 134.5
Level 2 | Time deposits    
Assets:    
Cash and cash equivalents 0.0 0.0
Level 2 | Notice deposits    
Assets:    
Cash and cash equivalents 0.0 0.0
Level 3    
Assets:    
Derivative assets 0.0 0.0
Total assets 0.0 0.0
Liabilities:    
Derivative liabilities 0.0  
Level 3 | Commercial paper    
Assets:    
Cash and cash equivalents 0.0 0.0
Level 3 | Time deposits    
Assets:    
Cash and cash equivalents 0.0 0.0
Level 3 | Notice deposits    
Assets:    
Cash and cash equivalents $ 0.0 $ 0.0
v3.25.2
Goodwill and Intangible Assets - Schedule of Goodwill (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2025
USD ($)
Goodwill [Roll Forward]  
Balance at December 31, 2024 $ 3,518.9
Impact of foreign currency translation 125.1
Balance at June 30, 2025 3,644.0
Applications and commerce  
Goodwill [Roll Forward]  
Balance at December 31, 2024 1,493.1
Impact of foreign currency translation 52.5
Balance at June 30, 2025 1,545.6
Core platform  
Goodwill [Roll Forward]  
Balance at December 31, 2024 2,025.8
Impact of foreign currency translation 72.6
Balance at June 30, 2025 $ 2,098.4
v3.25.2
Goodwill and Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Finite-Lived Intangible Assets [Line Items]    
Accumulated Amortization $ (711.7) $ (624.9)
Net Carrying Amount 65.5  
Gross  Carrying Amount 1,733.9 1,680.7
Net Carrying Amount 1,022.2 1,055.8
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 219.0 220.5
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 434.4 394.2
Accumulated Amortization (399.6) (340.8)
Net Carrying Amount 34.8 53.4
Developed technology    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 241.7 235.1
Accumulated Amortization (232.2) (215.9)
Net Carrying Amount 9.5 19.2
Trade names and other    
Finite-Lived Intangible Assets [Line Items]    
Gross  Carrying Amount 101.1 93.2
Accumulated Amortization (79.9) (68.2)
Net Carrying Amount $ 21.2 $ 25.0
v3.25.2
Goodwill and Intangible Assets - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Finite-Lived Intangible Assets [Line Items]        
Amortization expense $ 19.2 $ 19.2 $ 38.1 $ 39.7
Weighted Average        
Finite-Lived Intangible Assets [Line Items]        
Weighted average remaining amortization period 17 months   17 months  
Customer-related        
Finite-Lived Intangible Assets [Line Items]        
Weighted average remaining amortization period 11 months   11 months  
Developed technology        
Finite-Lived Intangible Assets [Line Items]        
Weighted average remaining amortization period 8 months   8 months  
Trade names and other        
Finite-Lived Intangible Assets [Line Items]        
Weighted average remaining amortization period 31 months   31 months  
v3.25.2
Goodwill and Intangible Assets - Future Amortization of Finite Lived Intangible Assets (Details)
$ in Millions
Jun. 30, 2025
USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]  
2025 $ 34.0
2026 24.0
2027 4.4
2028 1.9
2029 1.2
Net Carrying Amount $ 65.5
v3.25.2
Stockholders' Equity (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
 1 Months Ended 3 Months Ended 6 Months Ended
Apr. 30, 2025
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
 [3]
Jun. 30, 2025
Jun. 30, 2024
Aug. 31, 2023
Class of Stock [Line Items]                
Authorized amount               $ 4,000.0
Up-front payment for repurchase of common stock           $ 792.5 $ 649.2  
Aggregate purchase price   $ 33.2 [1] $ 765.1 [1] $ 502.8 [2],[3] $ 147.1      
New Accelerated Share Repurchase Agreement                
Class of Stock [Line Items]                
Up-front payment for repurchase of common stock     $ 767.4 $ 245.0        
Repurchases of Class A common stock (in shares) 4.4              
Average price per share (in dollars per share) $ 176.02              
Current Board Authorization                
Class of Stock [Line Items]                
Repurchases of Class A common stock (in shares)           0.2    
Repurchase of additional stock $ 3,000.0              
Aggregate purchase price           $ 27.0    
Remaining available for repurchases   $ 2,973.0       $ 2,973.0    
[1] Includes a 1% excise tax on shares repurchased, net of the fair market value of new share issuances of $(2.3) million and $6.3 million for the three months ended March 31, 2025 and June 30, 2025, respectively.
[2] Includes $245.0 million of upfront payments to repurchase shares of our Class A common stock in conjunction with ASRs. No shares were initially received with these ASRs.
[3] Includes a 1% excise tax on shares repurchased, net of the fair market value of new share issuances, of $(0.5) million and $1.3 million for the three months ended March 31, 2024 and June 30, 2024, respectively.
v3.25.2
Prepaid Expenses and Other Current Assets (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]    
Derivative assets $ 68.2 $ 172.7
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 $ 51.8 $ 33.2
Usage-based prepaid expenses 11.5 20.2
Other 24.9 19.1
Prepaid expenses and other current assets $ 156.4 $ 245.2
v3.25.2
Equity-Based Compensation Plans - Summary of Stock Option Activity (Details)
shares in Thousands
 6 Months Ended
Jun. 30, 2025
$ / shares
shares
Number of Shares of Class A Common Stock (#)  
Outstanding at beginning of period (in shares) | shares 645
Exercised (in shares) | shares (160)
Outstanding at end of period (in shares) | shares 485
Vested at end of period (in shares) | shares 485
Weighted- Average Exercise Price ($)  
Outstanding weighted average exercise price (in dollars per share) | $ / shares $ 54.28
Exercised (in dollars per share) | $ / shares 40.10
Outstanding weighted average exercise price (in dollars per share) | $ / shares 58.96
Vested at end of period (in dollars per share) | $ / shares $ 58.96
v3.25.2
Equity-Based Compensation Plans - Summary of Stock Award Activity (Details)
shares in Thousands
 6 Months Ended
Jun. 30, 2025
$ / shares
shares
Number of Shares of Class A Common Stock (#)  
Outstanding at beginning of period (in shares) 4,955
Vested (in shares) (1,881)
Forfeited (in shares) (241)
Outstanding at end of period (in shares) 4,529
RSUs  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 1,336
Outstanding at end of period (in shares) 3,967
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 124.77
TSR-based PSUs  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 150
Outstanding at end of period (in shares) 562
Weighted-average grant-date fair value per share (in dollars per share) | $ / shares $ 168.96
TSR-Based Performance Stock Units Above Target  
Number of Shares of Class A Common Stock (#)  
Granted (in shares) 210
v3.25.2
Equity-Based Compensation Plans - Narrative (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2025
USD ($)
RSU's and ESPP  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Unrecognized compensation costs $ 458.9
RSUs  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Weighted average recognition period 1 year 9 months 18 days
v3.25.2
Deferred Revenue - Composition of Deferred Revenue (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Disaggregation of Revenue [Line Items]    
Deferred revenue, current $ 2,399.7 $ 2,222.3
Deferred revenue, noncurrent 937.8 883.2
Applications and commerce    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 877.0 783.2
Deferred revenue, noncurrent 217.0 197.0
Core platform    
Disaggregation of Revenue [Line Items]    
Deferred revenue, current 1,522.7 1,439.1
Deferred revenue, noncurrent $ 720.8 $ 686.2
v3.25.2
Deferred Revenue - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Revenue from Contract with Customer [Abstract]    
Revenue recognized $ 673.5 $ 1,543.8
v3.25.2
Deferred Revenue - Expected Recognition of Deferred Revenue (Details)
$ in Millions
Jun. 30, 2025
USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 3,337.5
Applications and commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue 1,094.0
Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue 2,243.5
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 1,624.5
Expected recognition period 6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01 | Applications and commerce  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 618.4
Expected recognition period 6 months
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2025-07-01 | Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 1,006.1
Expected recognition period 6 months
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 $ 1,117.2
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 $ 349.5
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 $ 767.7
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 $ 337.3
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 $ 95.2
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 $ 242.1
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 $ 119.0
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 $ 21.2
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 $ 97.8
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 $ 59.4
Expected recognition period 1 year
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 $ 6.0
Expected recognition period 1 year
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 $ 53.4
Expected recognition period 1 year
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2030-01-01  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 80.1
Expected recognition period
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2030-01-01 | 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]: 2030-01-01 | Core platform  
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]  
Deferred revenue expected to be recognized as revenue $ 76.4
Expected recognition period
v3.25.2
Accrued Expenses and Other Current Liabilities (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Payables and Accruals [Abstract]    
Derivative liabilities $ 164.3 $ 0.0
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration] Accrued expenses and other current liabilities Accrued expenses and other current liabilities
Accrued payroll and employee benefits $ 97.7 $ 146.0
Tax-related accruals 75.0 66.9
Accrued hosting and software licenses 33.6 17.8
Accrued legal and professional 27.5 35.3
Current portion of operating lease liabilities 24.1 23.0
Other 97.1 89.6
Accrued expenses and other current liabilities $ 519.3 $ 378.6
v3.25.2
Long-Term Debt - Composition of Long-Term Debt (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Debt Instrument [Line Items]    
Long-term debt $ 3,841.5 $ 3,853.9
Less unamortized original issue discount and debt issuance costs (53.4) (58.9)
Less: current portion of long-term debt (15.7) (15.9)
Long-term debt, net of current portion 3,772.4 3,779.1
2029 Term Loans | Secured Debt    
Debt Instrument [Line Items]    
Long-term debt $ 1,451.5 $ 1,458.9
Effective interest rate percentage 6.70% 7.60%
2031 Term Loans | Secured Debt    
Debt Instrument [Line Items]    
Long-term debt $ 990.0 $ 995.0
Effective interest rate percentage 6.30% 7.20%
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
v3.25.2
Long-Term Debt - Narrative (Details)
$ in Millions
Jun. 30, 2025
USD ($)
tranche
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]  
Remaining borrowing capacity $ 994.7
Standby Letters of Credit | Senior Unsecured Revolving Credit Facility  
Debt Instrument [Line Items]  
Borrowings used $ 5.3
v3.25.2
Long-Term Debt - Estimated Fair Values of Long-Term Debt Instruments (Details) - Level 2
$ in Millions
Jun. 30, 2025
USD ($)
2029 Term Loans | Secured Debt  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt $ 1,454.2
2031 Term Loans | Secured Debt  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt 991.9
2027 Senior Notes | Senior Notes  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt 599.9
2029 Senior Notes | Senior Notes  
Debt Instrument [Line Items]  
Estimated fair value of long-term debt $ 756.6
v3.25.2
Long-Term Debt - Aggregate Principal Payments Due on Long-Term Debt (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Debt Disclosure [Abstract]    
2025 (remainder of) $ 12.3  
2026 24.6  
2027 624.6  
2028 24.6  
2029 2,210.3  
Thereafter 945.1  
Aggregate principal payments $ 3,841.5 $ 3,853.9
v3.25.2
Derivatives and Hedging - Summary of Outstanding Derivative Instruments (Details)
$ in Millions
Jun. 30, 2025
USD ($)
€ / $
Dec. 31, 2024
USD ($)
€ / $
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 $ 4,240.2 $ 4,072.7
Fair Value of Derivative Assets 68.2 172.7
Fair Value of Derivative Liabilities 164.3 0.0
Cash Flow Hedging | Foreign exchange forward contracts | Designated as Hedging Instrument | Level 2    
Derivative [Line Items]    
Notional Amount 966.9 946.3
Fair Value of Derivative Assets 0.0 33.2
Fair Value of Derivative Liabilities $ 39.0 $ 0.0
Cash Flow Hedging | Cross-currency swaps | Designated as Hedging Instrument    
Derivative [Line Items]    
Euro to U.S. dollar exchange rate for translation | € / $ 1.18 1.04
Cash Flow Hedging | Cross-currency swaps | Designated as Hedging Instrument | Level 2    
Derivative [Line Items]    
Notional Amount $ 589.3 $ 520.4
Fair Value of Derivative Assets 0.0 12.5
Fair Value of Derivative Liabilities 54.9 0.0
Cash Flow Hedging | Interest rate swaps | Designated as Hedging Instrument | Level 2    
Derivative [Line Items]    
Notional Amount 1,928.6 1,939.0
Fair Value of Derivative Assets 68.2 111.0
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 755.4 667.0
Fair Value of Derivative Assets 0.0 16.0
Fair Value of Derivative Liabilities $ 70.4 $ 0.0
v3.25.2
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, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Derivative [Line Items]        
Revenue $ 1,217.6 $ 1,124.5 $ 2,411.9 $ 2,233.0
Interest Expense 38.3 39.5 75.5 80.8
Other Income (Expense), Net 11.1 8.3 21.0 17.9
Reclassification out of Accumulated Other Comprehensive Income | Total hedges        
Derivative [Line Items]        
Revenue 0.7 1.3 2.0 2.9
Interest Expense 17.7 24.4 36.1 47.9
Other Income (Expense), Net (48.7) 4.0 (72.0) 16.4
Designated as Hedging Instrument        
Derivative [Line Items]        
Total hedges (134.7) 1.5 (198.4) 43.0
Foreign exchange forward contracts | Cash Flow Hedging | Reclassification out of Accumulated Other Comprehensive Income | Cash flow hedges        
Derivative [Line Items]        
Revenue 0.7 1.3 2.0 2.9
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 (53.5) 1.2 (73.0) 10.5
Cross-currency swaps | Reclassification out of Accumulated Other Comprehensive Income | Cash flow hedges | Euro-Denominated Intercompany Loan        
Derivative [Line Items]        
Other Income (Expense), Net 48.3 (4.1) 71.6 (16.5)
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 2.1 2.5 4.5 4.9
Other Income (Expense), Net (48.7) 4.0 (72.0) 16.4
Cross-currency swaps | Cash Flow Hedging | Designated as Hedging Instrument        
Derivative [Line Items]        
Unrealized Gains (Losses) Recognized in Other Comprehensive Income (0.4) (0.1) 4.4 (2.2)
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 2.7 3.2 5.9 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 (62.9) 5.8 (86.7) 19.0
Interest rate swaps | Cash Flow Hedging | Reclassification out of Accumulated Other Comprehensive Income | Cash flow hedges        
Derivative [Line Items]        
Revenue 0.0 0.0 0.0 0.0
Interest Expense 12.9 18.7 25.7 36.7
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 $ (17.9) $ (5.4) $ (43.1) $ 15.7
v3.25.2
Derivatives and Hedging - Narrative (Details)
$ in Millions
Jun. 30, 2025
USD ($)
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Net deferred losses from cash flow hedges $ 70.3
v3.25.2
Leases - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Lessee, Lease, Description [Line Items]        
Operating lease, remaining weighted average lease term 6 years 1 month 6 days   6 years 1 month 6 days  
Operating lease, weighted average discount rate 5.30%   5.30%  
Restructuring and other [1] $ 0.3 $ 6.9 $ 2.4 $ 29.3
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 0.3 0.6 0.3 
Technology and development43.3 39.3 84.5 76.8 
Marketing and advertising8.5 7.9 16.7 15.2 
Customer care5.7 5.7 10.8 11.5 
General and administrative23.2 23.0 48.8 43.4 
Restructuring and other— — — 0.8 
Total equity-based compensation expense$81.0 $76.2 $161.4 $148.0 
v3.25.2
Leases - Components of Lease Expenses (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Leases [Abstract]        
Operating lease costs $ 6.2 $ 6.9 $ 12.4 $ 14.5
Variable lease costs 3.6 3.0 6.3 6.7
Sublease income (2.1) (1.8) (3.8) (4.7)
Total net lease cost $ 7.7 $ 8.1 $ 14.9 $ 16.5
v3.25.2
Commitments and Contingencies (Details) - USD ($)
$ in Millions
Jun. 30, 2025
Dec. 31, 2024
Indirect Taxation    
Loss Contingencies [Line Items]    
Accrual for estimated indirect tax liabilities $ 33.6 $ 31.5
v3.25.2
Restructuring and Other Charges - Narrative (Details) - Additional Restructuring Plan - Disposal Group, Held-for-sale - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2024
Restructuring Cost and Reserve [Line Items]    
Restructuring and other $ 6.0 $ 17.1
Restructuring, Incurred Cost, Statement of Income or Comprehensive Income [Extensible Enumeration]   Restructuring and other
v3.25.2
Restructuring and Other Charges - Summary of the Activity in the Restructuring Related Accruals (Details) - Restructuring Plan - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Restructuring Reserve [Roll Forward]    
Accrued restructuring costs as of beginning balance $ 0.8 $ 7.4
Restructuring costs incurred 2.2 16.7
Amount paid (3.0) (17.6)
Accrued restructuring costs as of ending balance $ 0.0 6.5
Equity Based Compensation Expense    
Restructuring Reserve [Roll Forward]    
Restructuring and other   $ 0.8
v3.25.2
Income Taxes (Details)
$ in Millions
 6 Months Ended
Jun. 30, 2025
USD ($)
Income Tax Disclosure [Abstract]  
Effective tax rate 8.60%
Income tax benefit related to reversal of uncertain tax position $ 34.6
Unrecognized tax benefits 166.7
Unrecognized tax benefits that if fully recognized would decrease the effective tax rate $ 108.5
v3.25.2
Income Per Share - Reconciliation of the Numerator and Denominator Used in the Calculation of Basic and Diluted Net Income Per Share (Details) - USD ($)
$ / shares in Units, shares in Thousands, $ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Numerator:            
Net income $ 199.9 $ 219.5 $ 146.3 $ 401.5 $ 419.4 $ 547.8
Denominator:            
Weighted-average shares of Class A common stock outstanding—basic (in shares) 138,734   141,269   140,200 141,899
Weighted-average shares of Class A Common stock outstanding—diluted (in shares) 141,408   144,644   143,387 145,321
Net income per share of Class A common stock —basic (in dollars per share) $ 1.44   $ 1.04   $ 2.99 $ 3.86
Net income per share of Class A common stock—diluted (in dollars per share) $ 1.41   $ 1.01   $ 2.92 $ 3.77
Stock options            
Denominator:            
Effect of dilutive securities (in shares) 373   448   391 449
RSUs, PSUs and ESPPs shares            
Denominator:            
Effect of dilutive securities (in shares) 2,301   2,927   2,796 2,973
v3.25.2
Income Per Share - Summary of Weighted Average Potentially Dilutive Shares (Details) - shares
shares in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
RSUs, PSUs and ESPPs shares        
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]        
Antidilutive securities (in shares) 102 443 69 292
v3.25.2
Income Per Share - Narrative (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Mar. 31, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Class of Stock [Line Items]        
Up-front payment for repurchase of common stock     $ 792.5 $ 649.2
New Accelerated Share Repurchase Agreement        
Class of Stock [Line Items]        
Up-front payment for repurchase of common stock $ 767.4 $ 245.0    
v3.25.2
Segment Information - Narrative (Details)
 6 Months Ended
Jun. 30, 2025
segment
Segment Reporting [Abstract]  
Number of operating segments 2
Number of reportable segments 2
v3.25.2
Segment Information (Details) - USD ($)
$ in Millions
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Mar. 31, 2025
Jun. 30, 2024
Mar. 31, 2024
Jun. 30, 2025
Jun. 30, 2024
Segment Reporting Information [Line Items]            
Revenue $ 1,217.6   $ 1,124.5   $ 2,411.9 $ 2,233.0
Income before income taxes 239.1   174.9   459.1 318.1
Benefit (provision) for income taxes (39.2)   (28.6)   (39.7) 229.7
Net income 199.9 $ 219.5 146.3 $ 401.5 419.4 547.8
Equity-based compensation expense 81.0   76.2   161.4 148.0
Restructuring and other            
Segment Reporting Information [Line Items]            
Equity-based compensation expense 0.0   0.0   0.0 0.8
Operating Segments            
Segment Reporting Information [Line Items]            
Revenue 1,217.6   1,124.5   2,411.9 2,233.0
Other segment items (765.7)   (728.4)   (1,527.8) (1,458.3)
Total Segment EBITDA 451.9   396.1   884.1 774.7
Segment Reporting, Reconciling Item, Corporate Nonsegment            
Segment Reporting Information [Line Items]            
Unallocated corporate overhead (70.2)   (64.4)   (138.0) (130.0)
Segment Reporting, Reconciling Item, Excluding Corporate Nonsegment            
Segment Reporting Information [Line Items]            
Depreciation and amortization (30.6)   (33.1)   (61.4) (70.3)
Equity-based compensation expense (81.0)   (76.2)   (161.4) (147.2)
Interest expense, net of interest income (29.5)   (34.5)   (57.1) (69.2)
Restructuring and other (1.5)   (13.0)   (7.1) (39.9)
Applications and commerce            
Segment Reporting Information [Line Items]            
Revenue 463.9   405.6   910.3 788.7
Applications and commerce | Operating Segments            
Segment Reporting Information [Line Items]            
Revenue 463.9   405.6   910.3 788.7
Other segment items (258.1)   (229.0)   (507.6) (450.2)
Total Segment EBITDA 205.8   176.6   402.7 338.5
Core platform            
Segment Reporting Information [Line Items]            
Revenue 753.7   718.9   1,501.6 1,444.3
Core platform | Operating Segments            
Segment Reporting Information [Line Items]            
Revenue 753.7   718.9   1,501.6 1,444.3
Other segment items (507.6)   (499.4)   (1,020.2) (1,008.1)
Total Segment EBITDA $ 246.1   $ 219.5   $ 481.4 $ 436.2
v3.25.2
Accumulated Other Comprehensive Income (Loss) - AOCI Activity in Equity (Details) - USD ($)
$ in Millions
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Other comprehensive income (loss) before reclassifications $ (62.9) $ (42.8)
Amounts reclassified from AOCI (33.9) 67.2
Other comprehensive income (loss) (96.8) 24.4
Accumulated Other Comprehensive Income (Loss)    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance 132.5 111.4
Ending balance 35.7 135.8
Foreign Currency Translation Adjustments    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance (67.7) (83.6)
Other comprehensive income (loss) before reclassifications (31.1) 10.1
Amounts reclassified from AOCI 0.0 0.0
Other comprehensive income (loss) (31.1) 10.1
Ending balance (98.8) (73.5)
Accumulated Gain (Loss), Net, Cash Flow Hedge, Parent    
AOCI Including Portion Attributable to Noncontrolling Interest, Net of Tax [Roll Forward]    
Beginning balance 200.2 195.0
Other comprehensive income (loss) before reclassifications (31.8) (52.9)
Amounts reclassified from AOCI (33.9) 67.2
Other comprehensive income (loss) (65.7) 14.3
Ending balance $ 134.5 $ 209.3