NOW (ServiceNow, Inc.) Stock Financials & Earnings | Market Cap Arena

NOW (ServiceNow, Inc.) Stock Financials & Earnings | Market Cap Arena

NOWServiceNow, Inc.

Mkt Cap$123B

Technology·Software - Application·🇺🇸 United States·NYSE

Revenue (TTM)$13.3B

Net Income (TTM)$1.7B

EPS (TTM)$1.67

Free Cash Flow (TTM)$4.6B

Gross Margin77.5%

Op. Margin13.7%

Net Margin13.2%

FCF Margin34.5%

P/S Ratio (TTM)9.3x

P/E Ratio (TTM)70.6x

YoY Rev Growth+20.9%

Employees—

Earnings Reports

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$2.1B	$1.7B	$144M
Q2 23	$2.1B	$1.7B	$117M
Q3 23	$2.3B	$1.8B	$231M
Q4 23	$2.4B	$1.9B	$270M
Q1 24	$2.6B	$2.1B	$332M
Q2 24	$2.6B	$2.1B	$240M
Q3 24	$2.8B	$2.2B	$418M
Q4 24	$3.0B	$2.3B	$374M
Q1 25	$3.1B	$2.4B	$451M
Q2 25	$3.2B	$2.5B	$358M
Q3 25	$3.4B	$2.6B	$572M
Q4 25	$3.6B	$2.7B	$443M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	16.2x	308.6x
Q2 23	15.4x	86.7x
Q3 23	14.6x	77.8x
Q4 23	13.8x	71.3x
Q1 24	13.0x	64.0x
Q2 24	12.4x	107.7x
Q3 24	11.8x	92.4x
Q4 24	11.2x	86.6x
Q1 25	10.8x	80.3x
Q2 25	10.2x	74.3x
Q3 25	9.7x	71.3x
Q4 25	9.3x	70.6x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$902M	$737M
Q2 23	$580M	$448M
Q3 23	$311M	$175M
Q4 23	$1.6B	$1.3B
Q1 24	$1.3B	$1.2B
Q2 24	$620M	$349M
Q3 24	$671M	$469M
Q4 24	$1.6B	$1.4B
Q1 25	$1.7B	$1.5B
Q2 25	$716M	$526M
Q3 25	$813M	$578M
Q4 25	$2.2B	$2.0B

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$165M
Q2 23	$132M
Q3 23	$136M
Q4 23	$261M
Q1 24	$156M
Q2 24	$271M
Q3 24	$202M
Q4 24	$253M
Q1 25	$205M
Q2 25	$190M
Q3 25	$235M
Q4 25	$238M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+21.7%	+19.4%
Q2 23	+22.7%	+17.5%
Q3 23	+25.0%	+18.2%
Q4 23	+25.6%	+21.4%
Q1 24	+24.2%	+16.3%
Q2 24	+22.2%	+17.4%
Q3 24	+22.2%	+15.7%
Q4 24	+21.3%	+19.2%
Q1 25	+18.6%	+16.1%
Q2 25	+22.4%	+19.7%
Q3 25	+21.8%	+19.2%
Q4 25	+20.7%	+21.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$381M	18.2%
Q2 23	$397M	18.5%
Q3 23	$413M	18.1%
Q4 23	$413M	16.9%
Q1 24	$422M	16.2%
Q2 24	$444M	16.9%
Q3 24	$426M	15.2%
Q4 24	$454M	15.4%
Q1 25	$470M	15.2%
Q2 25	$499M	15.5%
Q3 25	$492M	14.4%
Q4 25	$494M	13.8%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q1 23	$492M	$199M	$823M
Q2 23	$521M	$209M	$832M
Q3 23	$549M	$213M	$799M
Q4 23	$562M	$242M	$847M
Q1 24	$606M	$222M	$923M
Q2 24	$643M	$232M	$960M
Q3 24	$626M	$225M	$944M
Q4 24	$668M	$257M	$1.0B
Q1 25	$703M	$229M	$1.1B
Q2 25	$734M	$271M	$1.1B
Q3 25	$750M	$255M	$1.1B
Q4 25	$773M	$368M	$1.1B

Rule of 40

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q1 23	21.7%	15.3%	37.0
Q2 23	22.7%	13.5%	36.2
Q3 23	25.0%	18.5%	43.5
Q4 23	25.6%	19.7%	45.3
Q1 24	24.2%	21.6%	45.7
Q2 24	22.2%	18.1%	40.3
Q3 24	22.2%	22.9%	45.2
Q4 24	21.3%	21.0%	42.4
Q1 25	18.6%	23.3%	42.0
Q2 25	22.4%	20.2%	42.6
Q3 25	21.8%	26.2%	48.0
Q4 25	20.7%	21.1%	41.8

Revenue Segments

Quarter	License and Service, Digital Workflow Products	License and Service, ITOM Products	Technology Service	License and Service
Q1 23	$1.8B	$234M	$72M	—
Q2 23	$1.8B	$239M	$75M	—
Q3 23	$2.0B	$255M	$72M	—
Q4 23	$2.1B	$273M	$72M	—
Q1 24	$2.2B	$292M	$80M	—
Q2 24	$2.2B	$294M	$85M	—
Q3 24	$2.4B	$317M	$82M	—
Q4 24	$2.5B	$321M	$91M	—
Q1 25	—	—	$83M	$3.0B
Q2 25	—	—	$102M	$3.1B
Q3 25	—	—	$108M	$3.3B
Q4 25	—	—	$102M	$3.5B

Revenue by Geography

Quarter	Asia Pacific And Other	Emea	North America
Q1 23	$220M	$532M	$1.3B
Q2 23	$234M	$547M	$1.4B
Q3 23	$251M	$585M	$1.5B
Q4 23	$266M	$634M	$1.5B
Q1 24	$290M	$676M	$1.6B
Q2 24	$301M	$661M	$1.7B
Q3 24	$319M	$700M	$1.8B
Q4 24	$331M	$797M	$1.8B
Q1 25	$343M	$782M	$2.0B
Q2 25	$375M	$834M	$2.0B
Q3 25	$401M	$873M	$2.1B
Q4 25	$409M	$913M	$2.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$1.9B	$3.1B	$4.9B
Q2 23	$1.7B	$3.1B	$4.7B
Q3 23	$1.1B	$3.0B	$4.1B
Q4 23	$1.9B	$3.0B	$4.9B
Q1 24	$2.1B	$3.1B	$5.1B
Q2 24	$2.2B	$3.3B	$5.4B
Q3 24	$1.9B	$3.4B	$5.3B
Q4 24	$2.3B	$3.5B	$5.8B
Q1 25	$3.4B	$3.2B	$6.6B
Q2 25	$3.1B	$3.0B	$6.1B
Q3 25	$2.7B	$2.7B	$5.4B
Q4 25	$3.7B	$2.6B	$6.3B

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	1.02B	+0.6%
Q2 23	1.03B	+0.5%
Q3 23	1.03B	+0.5%
Q4 23	1.03B	+0.4%
Q1 24	1.04B	+0.3%
Q2 24	1.04B	+0.1%
Q3 24	1.04B	+0.4%
Q4 24	1.04B	+0.2%
Q1 25	1.05B	+0.2%
Q2 25	1.05B	-0.0%
Q3 25	1.05B	+0.3%
Q4 25	1.05B	-0.3%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$242K	3K
FY 15	$273K	4K
FY 16	$290K	5K
FY 17	$403K	5K
FY 18	$320K	8K
FY 19	$334K	10K
FY 20	$345K	13K
FY 21	$349K	17K
FY 22	$355K	20K
FY 23	$396K	23K
FY 24	$418K	26K
FY 25	$266K	50K