Gross Profit Growth: ServiceNow vs. GoDaddy

In the dynamic world of tech, ServiceNow, Inc. and GoDaddy Inc. have shown remarkable growth in gross profit over the past decade. Since 2014, ServiceNow has consistently outpaced GoDaddy, with a staggering 1,900% increase by 2023. This growth trajectory highlights ServiceNow's strategic expansion and market penetration. In contrast, GoDaddy's gross profit grew by approximately 210% during the same period, reflecting steady but slower growth.

ServiceNow's Meteoric Rise

ServiceNow's gross profit surged from $433 million in 2014 to an impressive $7.05 billion in 2023. This growth underscores its successful transition from a niche IT service management provider to a comprehensive enterprise solutions powerhouse.

GoDaddy's Steady Climb

GoDaddy, a leader in domain registration and web hosting, saw its gross profit rise from $869 million in 2014 to $2.68 billion in 2023. Despite missing data for 2024, GoDaddy's consistent growth reflects its robust business model and customer base expansion.