NOW

MKT CAP:$93B

ServiceNow, Inc.

Market Cap

$93B

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

Technology·Software App·🇺🇸·NYSE

Stock Price

$89.75-$57.70 (-39.13%)

Apr 24, 2026

Company Details

ServiceNow, Inc. provides enterprise cloud computing solutions that defines, structures, consolidates, manages, and automates services for enterprises worldwide. It operates the Now platform for workflow automation, artificial intelligence,...

CEO

William R. McDermott

IPO Date

Jun 29, 2012

Website

www.servicenow.com

Key Metrics TTM

Revenue

$14.0B

+21.7% YoY

Net Income

$1.8B

EPS (Diluted)

$1.68

Free Cash Flow

$4.6B

Revenue / Share

$13.42

Gross Margin

76.6%

Operating Margin

13.4%

Net Margin

12.6%

FCF Margin

33.2%

P/S

6.7x

P/E

52.9x

Earnings Reports

Q1 2026

Apr 22, 2026

NEW

$3.8B+22.1%EPS $0.45

FY 2025

Jan 28, 2026

$13.3B+20.9%EPS $1.67

Q4 2025

Jan 28, 2026

$3.6B+20.7%EPS $0.38

Q3 2025

Oct 29, 2025

$3.4B+21.8%EPS $0.48

Q2 2025

Jul 23, 2025

$3.2B+22.4%EPS $0.37

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$1.8B	$1.4B	$22M
Q3 22	$1.8B	$1.4B	$91M
Q4 22	$1.9B	$1.5B	$155M
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
Q1 26	$3.8B	$2.8B	$503M

Valuation

Quarter	P/S	P/E
Q2 22	15.1x	542.6x
Q3 22	11.5x	395.6x
Q4 22	10.6x	236.9x
Q1 23	12.4x	236.9x
Q2 23	14.4x	80.8x
Q3 23	13.4x	71.8x
Q4 23	15.9x	82.5x
Q1 24	16.7x	82.0x
Q2 24	16.3x	141.9x
Q3 24	17.6x	137.8x
Q4 24	20.0x	154.2x
Q1 25	14.4x	107.2x
Q2 25	17.7x	128.7x
Q3 25	15.4x	113.1x
Q4 25	12.1x	91.9x
Q1 26	7.8x	62.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$433M	$282M
Q3 22	$265M	$103M
Q4 22	$1.2B	$1.0B
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
Q1 26	$1.7B	$1.5B

Capital Expenditures

Quarter	CapEx
Q2 22	$151M
Q3 22	$162M
Q4 22	$144M
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
Q1 26	$141M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	+24.3%	+27.4%
Q3 22	+21.1%	+21.0%
Q4 22	+20.2%	+13.0%
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%
Q1 26	+22.1%	+23.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$352M	20.1%
Q3 22	$361M	19.7%
Q4 22	$363M	18.7%
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%
Q1 26	$547M	14.5%

OpEx Breakdown

Quarter	R&D	G&A	S&M
Q2 22	$444M	$175M	$722M
Q3 22	$456M	$187M	$697M
Q4 22	$454M	$194M	$722M
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
Q1 26	$823M	$288M	$1.2B

Rule of 40

Quarter	Rev Growth %	EBITDA Margin %	Rule of 40
Q2 22	24.3%	6.6%	31.0
Q3 22	21.1%	10.7%	31.8
Q4 22	20.2%	14.8%	35.0
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
Q1 26	22.1%	20.2%	42.3

Rule of 40

Revenue Segments

Quarter	License and Service, Digital Workflow Products	License and Service, ITOM Products	Technology Service	License and Service
Q2 22	$1.5B	$195M	$94M	—
Q3 22	$1.5B	$208M	$89M	—
Q4 22	$1.6B	$220M	$80M	—
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
Q2 22	$180M	$433M	$1.1B
Q3 22	$190M	$432M	$1.2B
Q4 22	$202M	$479M	$1.3B
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
Q2 22	$1.7B	$2.2B	$3.8B
Q3 22	$1.2B	$2.7B	$4.0B
Q4 22	$1.5B	$2.8B	$4.3B
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
Q1 26	$2.7B	$2.5B	$5.2B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	1.01B	0.0%	+0.5%
Q3 22	1.01B	0.0%	0.0%
Q4 22	1.01B	0.0%	-0.5%
Q1 23	1.02B	+0.6%	+0.6%
Q2 23	1.03B	+0.5%	+1.2%
Q3 23	1.03B	+0.5%	+1.6%
Q4 23	1.03B	+0.4%	+2.0%
Q1 24	1.04B	+0.3%	+1.7%
Q2 24	1.04B	+0.1%	+1.2%
Q3 24	1.04B	+0.4%	+1.1%
Q4 24	1.04B	+0.2%	+1.0%
Q1 25	1.05B	+0.2%	+0.8%
Q2 25	1.05B	-0.0%	+0.7%
Q3 25	1.05B	+0.3%	+0.7%
Q4 25	1.05B	-0.3%	+0.2%
Q1 26	1.04B	-0.7%	-0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$103.8K	17K
Q3 22	$108.5K	17K
Q4 22	$94.9K	20K
Q1 23	$102.6K	20K
Q2 23	$105.2K	20K
Q3 23	$112.0K	20K
Q4 23	$107.5K	23K
Q1 24	$114.8K	23K
Q2 24	$115.9K	23K
Q3 24	$123.4K	23K
Q4 24	$112.5K	26K
Q1 25	$117.4K	26K
Q2 25	$122.3K	26K
Q3 25	$129.6K	26K
Q4 25	$71.4K	50K
Q1 26	$75.4K	50K

Revenue / Employee