GoDaddy Inc. (GDDY) Cash Flow Statement
Where GDDY’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $1.60B +24.2% vs 2024
- Capital expenditures
- $23.9M 0.5% of revenue
- Free cash flow
- $1.58B 31.8% margin
- Returned to shareholders
- $1.60B 102% of free cash flow
- Change in cash
- −$8.1M cash at year-end $1.08B
Cash from operations
$1.60B
Capital expenditures
−$23.9M
Share buybacks (net)
−$1.60B
Net borrowing (repayment)
−$24.6M
Other financing
+$39.4M
Change in cash
−$8.1M
Drawn to scale: where the cash came from and how it was used. Hover for values.
GDDY operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
GDDY cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $386.5M2016 | $1.60B2025 | +17.1%/yr | |
| Capital expenditures | $62.8M2016 | $23.9M2025 | −10.2%/yr | |
| Free cash flow | $323.7M2016 | $1.58B2025 | +19.2%/yr | |
| Free cash flow margin | 17.5%2016 | 31.8%2025 | +14.3 pts | |
| Operating cash flow / net income | 3.402017 | 1.832025 | −1.57 | |
| Stock-based compensation | $56.8M2016 | $317.8M2025 | +21.1%/yr | |
| Dividends paid | $18.8M2016 | $50.0M2022 | +17.7%/yr | |
| Share buybacks (net) | $18.8M2016 | $1.60B2025 | +63.9%/yr | |
| Capex / revenue | 3.4%2016 | 0.5%2025 | −2.9 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
GDDY cash flow by activity
OperatingInvestingFinancingChange in cash
GDDY net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
GDDY cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $875.0M | $936.9M | $1.38B | $352.9M | $242.8M | −$494.1M | $138.4M | $82.0M | $139.8M | −$21.9M |
| Depreciation & amortization | $116.6M | $135.3M | $171.3M | $194.6M | $199.6M | $202.7M | $209.7M | $234.1M | $205.8M | $160.1M |
| Stock-based compensation | $317.8M | $299.9M | $296.3M | $264.4M | $207.9M | $191.5M | $147.0M | $125.5M | $76.4M | $56.8M |
| Change in working capital | $103.0M | $61.2M | $130.5M | $81.4M | $143.0M | $128.1M | $189.5M | $144.5M | $223.9M | $162.3M |
| Other non-cash items | $187.0M | −$145.6M | −$926.1M | $86.4M | $36.0M | $736.4M | $38.8M | −$26.3M | −$170.3M | $29.2M |
| Cash from operating activities | $1.60B | $1.29B | $1.05B | $979.7M | $829.3M | $764.6M | $723.4M | $559.8M | $475.6M | $386.5M |
| Investing activities | ||||||||||
| Capital expenditures | −$23.9M | −$26.6M | −$77.4M | −$60.1M | −$253.2M | −$81.5M | −$92.3M | −$97.0M | −$135.2M | −$62.8M |
| Investments (net) | $0 | $21.5M | −$77.9M | −$132.0M | −$40.0M | $23.7M | −$4.2M | −$6.3M | −$5.7M | −$2.1M |
| Acquisitions & other investing | −$1.2M | $26.6M | $52.9M | $60.1M | −$342.4M | −$424.5M | −$38.8M | −$151.5M | −$1.43B | −$118.5M |
| Cash from investing activities | −$25.1M | $21.5M | −$102.4M | −$132.0M | −$635.6M | −$482.3M | −$135.3M | −$254.8M | −$1.57B | −$183.4M |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | −$50.0M | −$73.4M | −$107.3M | −$99.2M | — | −$2.03B | −$18.8M |
| Share repurchases & issuance (net) | −$1.60B | −$676.5M | −$1.27B | −$1.29B | −$526.0M | −$541.7M | −$458.6M | $21,900 | −$285.0M | −$18.8M |
| Net borrowing (repayment) | −$24.6M | −$22.3M | −$26.4M | −$72.8M | $765.2M | $703.0M | −$42.7M | −$42.1M | $1.29B | −$26.1M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $39.4M | $21.4M | $34.9M | $90.7M | $132.3M | −$635.7M | $143.6M | $89.1M | $2.13B | $78.8M |
| Cash from financing activities | −$1.59B | −$677.4M | −$1.26B | −$1.33B | $298.1M | −$581.7M | −$456.9M | $47.0M | $1.11B | $15.1M |
| Summary | ||||||||||
| Net change in cash | −$8.1M | $630.2M | −$315.2M | −$481.7M | $490.5M | −$297.6M | $130.4M | $349.7M | $16.6M | $218.1M |
| Cash at end of period | $1.08B | $1.09B | $458.8M | $774.0M | $1.26B | $765.2M | $1.06B | $932.4M | $582.7M | $566.1M |
| Free cash flow | $1.58B | $1.26B | $970.2M | $919.6M | $576.1M | $683.1M | $631.1M | $462.8M | $340.4M | $323.7M |
| Free cash flow margin | 31.8% | 27.6% | 22.8% | 22.5% | 15.1% | 20.6% | 21.1% | 17.4% | 15.3% | 17.5% |
| Capex / revenue | 0.5% | 0.6% | 1.8% | 1.5% | 6.6% | 2.5% | 3.1% | 3.6% | 6.1% | 3.4% |
| Operating cash flow / net income | 1.83 | 1.37 | 0.76 | 2.78 | 3.42 | — | 5.23 | 6.83 | 3.40 | — |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $240.1M | $214.6M | $245.1M | $210.5M | $199.9M | $219.5M | $198.6M | $190.5M | $146.3M | $401.5M | $1.11B | $131.0M |
| Depreciation & amortization | $13.3M | $24.2M | $26.8M | $28.4M | $30.6M | $30.8M | $32.2M | $32.8M | $33.1M | $37.2M | $38.7M | $40.6M |
| Stock-based compensation | $70.2M | $75.3M | $76.8M | $79.6M | $81.0M | $80.4M | $77.5M | $74.4M | $76.2M | $71.8M | $68.7M | $76.2M |
| Change in working capital | $38.1M | $90.8M | −$17.3M | $61.3M | $34.0M | $25.0M | $2.4M | $16.8M | $3.3M | $38.7M | $27.9M | $18.3M |
| Other non-cash items | $80.8M | $66.6M | $39.2M | $64.4M | $34.4M | $49.0M | $29.8M | $40.7M | $35.9M | −$252.0M | −$951.7M | $15.5M |
| Cash from operating activities | $442.5M | $471.5M | $370.6M | $444.2M | $379.9M | $404.7M | $340.5M | $355.2M | $294.8M | $297.2M | $297.7M | $281.6M |
| Investing activities | ||||||||||||
| Capital expenditures | −$5.1M | −$4.6M | −$6.9M | −$9.3M | −$4.1M | −$3.6M | −$14.4M | −$5.0M | −$2.8M | −$4.4M | −$4.0M | −$9.4M |
| Investments (net) | — | — | $0 | −$9.2M | −$6.4M | −$3.6M | −$14.4M | −$5.0M | −$2.8M | $43.7M | −$41.0M | −$9.4M |
| Acquisitions & other investing | $0 | $0 | $1.0M | $9.3M | $4.1M | $3.6M | $14.4M | $5.0M | $2.8M | $4.4M | $4.0M | $9.4M |
| Cash from investing activities | −$5.1M | −$4.6M | −$5.9M | −$9.2M | −$6.4M | −$3.6M | −$14.4M | −$5.0M | −$2.8M | $43.7M | −$41.0M | −$9.4M |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | — | — | −$27.8M | −$4.9M |
| Share repurchases & issuance (net) | −$543.9M | −$280.5M | −$218.9M | −$590.5M | −$25.1M | −$767.4M | −$8.4M | −$18.9M | −$520.9M | −$128.3M | −$137.0M | −$521.5M |
| Net borrowing (repayment) | — | — | −$6.1M | −$6.2M | — | — | −$6.2M | −$6.1M | — | — | — | −$8.4M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $600,000 | −$4.7M | $17.3M | −$1.0M | $15.6M | −$4.8M | $13.1M | −$4.7M | $9.7M | −$6.7M | $36.4M | $9.8M |
| Cash from financing activities | −$543.3M | −$285.2M | −$207.7M | −$597.7M | −$9.5M | −$772.2M | −$1.5M | −$29.7M | −$511.2M | −$135.0M | −$128.4M | −$525.0M |
| Summary | ||||||||||||
| Net change in cash | −$106.2M | $180.8M | $157.2M | −$163.0M | $367.3M | −$369.6M | $321.9M | $322.2M | −$219.1M | $205.2M | $129.6M | −$253.4M |
| Cash at end of period | $1.16B | $1.26B | $1.08B | $923.7M | $1.09B | $719.4M | $1.09B | $767.1M | $444.9M | $664.0M | $458.8M | $329.2M |
| Free cash flow | $437.4M | $466.9M | $363.7M | $434.9M | $375.8M | $401.1M | $326.1M | $350.2M | $292.0M | $292.8M | $293.7M | $272.2M |
| Free cash flow margin | 33.7% | 36.9% | 28.6% | 34.4% | 30.9% | 33.6% | 27.3% | 30.5% | 26.0% | 26.4% | 26.7% | 25.4% |
| Capex / revenue | 0.4% | 0.4% | 0.5% | 0.7% | 0.3% | 0.3% | 1.2% | 0.4% | 0.2% | 0.4% | 0.4% | 0.9% |
| Operating cash flow / net income | 1.84 | 2.20 | 1.51 | 2.11 | 1.90 | 1.84 | 1.71 | 1.86 | 2.02 | 0.74 | 0.27 | 2.15 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
GDDY cash generation
In fiscal 2025 (ended December 31, 2025), GoDaddy generated $1.6 billion of cash from operations (up 24.2%) and spent $23.9 million on capital expenditures, leaving free cash flow of $1.6 billion, 31.8% of revenue. It returned $1.6 billion to shareholders through dividends ($0) and net share buybacks ($1.6 billion). Cash and equivalents fell by $8.1 million over the year.
Related: GDDY income statement, GDDY balance sheet. See the GDDY stock overview for the latest quote and news.
GDDY cash flow FAQ
What is GoDaddy's free cash flow?
GoDaddy's free cash flow was $1.6 billion in fiscal 2025: $1.6 billion of operating cash flow minus $23.9 million of capital expenditures It was $1.3 billion a year earlier..
How much cash does GoDaddy generate from operations?
GoDaddy generated $1.6 billion of cash from operating activities in fiscal 2025, 1.83 times its net income of $875.0 million.
How much does GoDaddy spend on capital expenditures?
GoDaddy spent $23.9 million on capital expenditures in fiscal 2025, 0.5% of revenue, compared with $26.6 million the year before.
How much stock does GoDaddy buy back?
GoDaddy spent $1.6 billion on net share repurchases in fiscal 2025.