What is an income statement waterfall?

An income statement waterfall is a bar chart that walks from total revenue down to net income, with each step showing how much a cost or tax line removes (or adds). Subtotals — gross profit, operating income, pre-tax income — are anchored to zero so the cascade reconciles exactly to the bottom line.

How much of GoDaddy (GDDY) revenue becomes net income?

For TTM through Q1 2026, GoDaddy turned $5.02B of revenue into $870.10M of net income — a net margin of 17.3%. The waterfall shows where the rest goes: cost of revenue, operating expenses, non-operating items, and taxes.

What are GoDaddy (GDDY) gross, operating, and net margins?

For TTM through Q1 2026, GoDaddy reported a gross margin of 59.8%, an operating margin of 23.9%, and a net margin of 17.3%. Each subtotal in the waterfall corresponds to one of these margins.

Why does GoDaddy (GDDY) have such a high (or low) gross margin?

Gross margin (gross profit ÷ revenue) reflects how much of each revenue dollar remains after direct production costs. Capital-light software and platform businesses often show gross margins above 60–80% because their cost of revenue is mainly hosting and support. Hardware, retail, and commodity businesses show lower gross margins because raw materials and manufacturing costs are significant. The waterfall makes this visible at a glance — the size of the "Cost of Revenue" bar relative to Revenue is the gross margin complement.

What is the difference between gross, operating, and net margin?

Gross margin = (Revenue − Cost of Revenue) ÷ Revenue. It measures production efficiency. Operating margin = Operating Income ÷ Revenue. It adds operating expenses (R&D, S&M, G&A) and measures the profitability of core operations. Net margin = Net Income ÷ Revenue. It also includes interest, other income/expense, and taxes, and represents the shareholder take after everything.

GoDaddy (GDDY) Income Statement Waterfall

Revenue

$5.02B

Gross Margin

+59.8%

Operating Margin

+23.9%

Net Margin

+17.3%

Income statement waterfall for GoDaddy (GDDY) — TTM through Q1 2026

Net income: $870.10M

Margin breakdown for GoDaddy (GDDY) — TTM through Q1 2026

Line item	Amount	Running total
Revenue	$5.02B	$5.02B
Cost of Revenue	−$2.02B	$3.00B
Gross Profit	$3.00B	$3.00B
Operating Expenses	−$1.81B	$1.20B
Operating Income	$1.20B	$1.20B
Other Income / Expense	−$199.70M	$998.50M
Pre-tax Income	$998.50M	$998.50M
Income Tax	−$128.40M	$870.10M
Net Income	$870.10M	$870.10M

Revenue$5.02B
Cost of Revenue−$2.02B
Gross Profit$3.00B
Operating Expenses−$1.81B
Operating Income$1.20B
Other Income / Expense−$199.70M
Pre-tax Income$998.50M
Income Tax−$128.40M
Net Income$870.10M

Want to see what changed vs last year?Profit Bridge

Frequently asked questions

Data & methodology

GoDaddy (GDDY) Key Financials

Charts, filings, and peer comparison for every metric

Explore more

Deep-dives across the income statement, cash flow, capital return, and valuation

Overview

GDDY Overview

Counters

Income Statement

Cash Flow

Capital Return

Buybacks10.09% TTM

No dividends or stock splits on record for this company.

Forecast & Valuation

Income statement waterfall for GoDaddy (GDDY) — TTM through Q1 2026

Margin breakdown for GoDaddy (GDDY) — TTM through Q1 2026

Frequently asked questions

+What is an income statement waterfall?

+How much of GoDaddy (GDDY) revenue becomes net income?

+What are GoDaddy (GDDY) gross, operating, and net margins?

+Why does GoDaddy (GDDY) have such a high (or low) gross margin?

+What is the difference between gross, operating, and net margin?

Data & methodology

+What is this view?

+How to read this waterfall

+How is the data calculated?

+What is the USD toggle?

GoDaddy (GDDY) Key Financials

Explore more