10-Q filed October 30: Godaddy
GoDaddy's revenue reached $5.18bn in the twelve months to September 2026, a 6.4% rise on the prior year, though growth has eased from 7.4% a quarter earlier. Margins improved over the same period: free cash flow margin climbed to 33.7% from 31.6%, while operating margin widened to 25.7% from 21.9%. These gains lift the fundamentals grade from C+ to B. Our model value holds steady at $205 a share, well above the current price of $106, and the rating remains Buy. At that price, the market appears to be pricing in cash flow shrinking by about 3.3% a year over five years, a markedly slower pace than the 6.3% annual revenue growth GoDaddy has actually delivered.
Source: 10-Q filed October 30, 2026 on SEC EDGAR · Financials · Valuation