GDDY US S&P 500Russell 1000 Earnings call
GoDaddy (GDDY) · Q2 2026 results and valuation
Share price: $113.54 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 30 Jul 2026 and 30 Apr 2026
Net income up 11.9% on the previous quarter. Management sounded cautious, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+11.9%
Net income vs Q1 2026
Outlook given
Net income 240.1M vs 214.6M
Revenue +2.5%
Against the same quarter last year (Q2 2025) it is +20.1%, so it is not just seasonal.
2 · How management spoke
Cautious
Among the least upbeat of all company calls
Answers to analysts: upbeat, in line with the script.
Last call it was different: the answers were less upbeat than the script.
3 · What stood out
Figure
The company generated free cash flow of $443 million for the quarter with a trailing 12-month free cash flow of $1.73 billion.
Valuation
Is GoDaddy undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 6.6% growth a year (3-year revenue growth), the model's fair value is $206.54 a share — the stock trades 45% below it. Today's price assumes −0.6% growth a year.
Current price
$113.54
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
-0.6% for 10 yrs
Fair value / share
$206.54
Buy below
$154.90
Price vs fair value
Undervalued 45%
Price vs buy-below price
Undervalued 27%
Read between the lines
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Key theme
Airo AI Builder has moved beyond its original role helping customers discover, engage and adopt products.
Source quote
“Last quarter, Airo AI Builder took a significant step beyond... When we introduced Airo almost 3 years ago, it was an AI-powered experience that helped our customers discover, engage and adopt more of our products.”
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Guidance
As you maintain your margin guidance for the year even as the Airo ARR is growing and you're seeing some of these shifts in behavior.
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Guidance
GoDaddy anticipated the rise in AI compute costs and took actions early to offset them, giving us room within its financial framework to support both greater AI usage…
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Fading
Revenue grew 6%, pushing margin to 33%, up more than 2 percentage points.
Source quote
“We delivered revenue growth of 6% Starting with Q1 results. This performance, combined with continued operational execution and structural leverage drove meaningful expansion in normalized EBITDA margin to 33%, up over 200 basis points.”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“In fact, as you probably remember, over the years, we have really reduced the viral promotions, and we continue to maintain a very low level of promotional pricing.”
“And those end up being very low-cost providers on the domain side.”
“But then Websites + Marketing also is another example where we've moved those capabilities in, and you've seen a drop-off in the need for Websites + Marketing within our A&C...”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 1.30B | 1.27B | +2.5% | 1.22B | +6.6% |
| Operating income | 342.5M | 310.5M | +10.3% | 266.3M | +28.6% |
| Net income | 240.1M | 214.6M | +11.9% | 199.9M | +20.1% |
| EPS | 1.83 | 1.60 | +14.4% | 1.41 | +29.8% |
| P/E today 14.8 | 12.6 | 13.1 | −0.5 | 32.2 | −19.6 |
Topics
Most discussed now
- Moving forward, GoDaddy expects Airo's scope to broaden, taking on capabilities that today live in separately priced products such as...
- GoDaddy feels really good about its positioning around its margins and anticipating the costs that it will incur related to...
- GoDaddy's Applications and Commerce segment grew revenue at 11% to $515 million.
- Segment EBITDA margin expanded roughly 250 basis points to 46.8%.
- Total revenue for the quarter grew 7% to $1.3 billion, and ARR grew 6% to $4.4 billion.
Faded since Q1 2026
- Fading GoDaddy does this through an integrated platform that brings these capabilities together in a seamless AI-powered experience helping…
- Fading GoDaddy's AI transformation builds on its core strengths of a trusted global brand, leadership in domains, scaled infrastructure…
- Fading GoDaddy is leaning into this shift, positioning GoDaddy as the platform that helps entrepreneurs turn intent into action through…
Latest announcements
Official filings, newest first.
- Material agreement; New financial obligation · SEC 8-K
- Results of operations · SEC 8-K
- Director or officer change; Shareholder vote results · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Articles or bylaws amended; Shareholder vote results · SEC 8-K