NOW FY 2025 Earnings Report — ServiceNow, Inc. Revenue & Financial Results | Market Cap Arena

ServiceNow, Inc.NOW

FY 2025 Earnings

Reported January 28, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$13.3B	—	$11.0B	—	20.9%
Op. Income	$1.8B	—	$1.4B	—	33.7%
Gross Margin	77.5%	—	79.2%	—	-1.6pp
Net Margin	13.2%	—	13.0%	—	0.2pp
EPS (Diluted)	$1.67	—	$1.37	—	21.9%
Free Cash Flow	$4.6B	—	$3.4B	—	34.0%

Revenue Flow

Item	Amount
REVENUE	$13.3B
Cost of Revenue	$3.0B
GROSS PROFIT	$10.3B
R&D Expenses	$3.0B
Selling & Marketing	$4.4B
General & Administrative	$1.1B
SG&A Expenses	$5.5B
Other Expenses	$0
Operating Expenses	$8.5B
Cost & Expenses	$11.5B
OPERATING INCOME	$1.8B
Interest Income	$451M
Interest Expense	$0
Other Income/Expenses	$437M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$513M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$738M
EBIT	$2.3B
EBITDA	$3.0B
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$13.3B
Cost of Revenue	$3.0B
GROSS PROFIT	$10.3B
R&D Expenses	$3.0B
Selling & Marketing	$4.4B
General & Administrative	$1.1B
SG&A Expenses	$5.5B
Other Expenses	$0
Operating Expenses	$8.5B
Cost & Expenses	$11.5B
OPERATING INCOME	$1.8B
Interest Income	$451M
Interest Expense	$0
Other Income/Expenses	$437M
INCOME BEFORE TAX	$2.3B
Income Tax Expense	$513M
Net Income from Continuing Ops	$1.7B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.7B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.7B
D&A	$738M
EBIT	$2.3B
EBITDA	$3.0B
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$1.7B
Depreciation & Amortization	$738M
Stock-Based Compensation	$2.0B
Deferred Income Tax	$249M
Other Non-Cash Items	$725M
Change in Working Capital	$29M
OPERATING CASH FLOW	$5.4B
Capital Expenditure	-$868M
Acquisitions (Net)	-$1.1B
Purchases of Investments	-$3.9B
Sales/Maturities of Investments	$4.1B
Other Investing Activities	-$5M
NET CASH FROM INVESTING	-$1.7B
Net Debt Issuance	$0
Common Stock Repurchased	-$1.8B
Common Dividends Paid	$0
Other Financing Activities	-$770M
NET CASH FROM FINANCING	-$2.3B
FREE CASH FLOW	$4.6B
Net Change in Cash	$1.4B

Balance Sheet

Item	Amount
Cash & Equivalents	$3.7B
Short-Term Investments	$2.6B
Net Receivables	$2.6B
Inventory	$0
Other Current Assets	$970M
TOTAL CURRENT ASSETS	$9.9B
PP&E (Net)	$3.1B
Goodwill	$3.6B
Intangible Assets	$1.1B
Long-Term Investments	$5.3B
Tax Assets	$1.1B
Other Non-Current Assets	$2.0B
TOTAL NON-CURRENT ASSETS	$16.2B
TOTAL ASSETS	$26.0B
Account Payables	$204M
Short-Term Debt	$112M
Deferred Revenue	$8.3B
Other Current Liabilities	$1.8B
TOTAL CURRENT LIABILITIES	$10.4B
Long-Term Debt	$2.3B
Deferred Revenue NC	$120M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	-$580M
TOTAL NON-CURRENT LIABILITIES	$2.6B
TOTAL LIABILITIES	$13.1B
Common Stock	$1M
Additional Paid-In Capital	$10.7B
Retained Earnings	$5.2B
Treasury Stock	-$3.0B
Accum. Other Comp. Income	$19M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$13.0B
Minority Interest	$0
TOTAL EQUITY	$13.0B
TOTAL LIABILITIES & EQUITY	$26.0B
Total Debt	$3.2B
Net Debt	-$523M