ServiceNow (NOW) Financials

$91.14 -2.45 (-2.62%)

Closing price 05/8/2026 03:59 PM Eastern

Extended Trading

$91.07 -0.07 (-0.08%)

As of 05/8/2026 07:59 PM Eastern

Annual Income Statements for ServiceNow

This table shows ServiceNow's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-198	-414	-117	-27	627	119	230	325	1,731	1,425	1,748
Consolidated Net Income / (Loss)	-198	-414	-117	-27	627	119	230	325	1,731	1,425	1,748
Net Income / (Loss) Continuing Operations	-198	-414	-117	-27	627	119	230	325	1,731	1,425	1,748
Total Pre-Tax Income	-193	-410	-113	-39	67	150	249	399	1,008	1,738	2,261
Total Operating Income	-166	-382	-64	-42	42	199	257	355	762	1,364	1,824
Total Gross Profit	676	992	1,419	1,986	2,664	3,532	4,543	5,672	7,050	8,697	10,295
Total Revenue	1,005	1,391	1,918	2,609	3,460	4,519	5,896	7,245	8,971	10,984	13,278
Operating Revenue	1,005	1,391	1,918	2,609	3,460	4,519	5,896	7,245	8,971	10,984	13,278
Total Cost of Revenue	329	399	500	623	796	987	1,353	1,573	1,921	2,287	2,983
Total Operating Expenses	842	1,374	1,483	2,029	2,622	3,333	4,286	5,317	6,288	7,333	8,471
Selling, General & Admin Expense	127	159	211	296	339	454	597	735	863	936	1,123
Marketing Expense	498	660	895	1,203	1,534	1,855	2,292	2,814	3,301	3,854	4,388
Research & Development Expense	217	285	378	530	749	1,024	1,397	1,768	2,124	2,543	2,960
Total Other Income / (Expense), net	-27	-28	-49	3.40	25	-49	-8.00	44	246	374	437
Interest & Investment Income	-	-	-	-	-	-	20	82	302	419	451
Other Income / (Expense), net	4.45	5.03	4.38	56	58	-16	-28	-38	-56	-45	-14
Income Tax Expense	5.41	3.83	3.44	-12	-560	31	19	74	-723	313	513
Basic Earnings per Share	($1.27)	($2.52)	($0.68)	($0.15)	$3.36	$0.61	$1.16	$1.61	$1.70	$1.38	$1.69
Weighted Average Basic Shares Outstanding	155.71M	164.53M	171.18M	177.85M	186.47M	193.10M	198.09M	201.43M	1.02B	1.03B	1.04B
Diluted Earnings per Share	($1.27)	($2.52)	($0.68)	($0.15)	$3.18	$0.59	$1.13	$1.60	$1.68	$1.37	$1.67
Weighted Average Diluted Shares Outstanding	155.71M	164.53M	171.18M	177.85M	197.22M	202.48M	203.17M	203.54M	1.03B	1.04B	1.05B
Weighted Average Basic & Diluted Shares Outstanding	155.71M	164.53M	171.18M	177.85M	189.80M	196.10M	200M	203M	205M	206M	1.05B

This table shows ServiceNow's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	242	295	347	262	432	384	460	385	502	401	469
Consolidated Net Income / (Loss)	242	295	347	262	432	384	460	385	502	401	469
Net Income / (Loss) Continuing Operations	242	295	347	262	432	384	460	385	502	401	469
Total Pre-Tax Income	299	347	425	334	516	463	555	471	694	541	673
Total Operating Income	231	270	332	240	418	374	451	358	572	443	503
Total Gross Profit	1,792	1,921	2,083	2,075	2,213	2,326	2,437	2,491	2,633	2,734	2,830
Total Revenue	2,288	2,437	2,603	2,627	2,797	2,957	3,088	3,215	3,407	3,568	3,770
Operating Revenue	2,288	2,437	2,603	2,627	2,797	2,957	3,088	3,215	3,407	3,568	3,770
Total Cost of Revenue	496	516	520	552	584	631	651	724	774	834	940
Total Operating Expenses	1,561	1,651	1,751	1,835	1,795	1,952	1,986	2,133	2,061	2,291	2,327
Selling, General & Admin Expense	213	242	222	232	225	257	229	271	255	368	288
Marketing Expense	799	847	923	960	944	1,027	1,054	1,128	1,056	1,150	1,216
Research & Development Expense	549	562	606	643	626	668	703	734	750	773	823
Total Other Income / (Expense), net	68	77	93	94	98	89	104	113	122	98	170
Interest & Investment Income	82	86	101	104	108	106	115	116	115	105	88
Other Income / (Expense), net	-14	-9.00	-8.00	-10	-10	-17	-11	-3.00	7.00	-7.00	82
Income Tax Expense	57	52	78	72	84	79	95	86	192	140	204
Basic Earnings per Share	$1.18	$1.44	$1.69	$1.27	$2.09	$1.87	$0.44	$1.86	$2.42	$0.39	$0.45
Weighted Average Basic Shares Outstanding	204.46M	204.14M	205.11M	205.64M	206.16M	205.83M	1.03B	207.16M	207.63M	1.04B	1.04B
Diluted Earnings per Share	$1.17	$1.44	$1.67	$1.26	$2.07	$1.84	$0.44	$1.84	$2.40	$0.39	$0.45
Weighted Average Diluted Shares Outstanding	206.28M	205.59M	207.68M	207.80M	208.55M	208.42M	1.05B	209.32M	209.51M	1.05B	1.04B
Weighted Average Basic & Diluted Shares Outstanding	205M	205M	205M	206M	206M	206M	207M	208M	208M	1.05B	1.03B

This table details how cash moves in and out of ServiceNow's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	160	-11	298	-144	209	901	53	-257	429	406	1,422
Net Cash From Operating Activities	318	159	643	811	1,236	1,786	2,191	2,723	3,398	4,267	5,444
Net Cash From Continuing Operating Activities	318	159	643	811	1,236	1,786	2,191	2,723	3,398	4,267	5,444
Net Income / (Loss) Continuing Operations	-198	-414	-117	-27	627	119	230	325	1,731	1,425	1,748
Consolidated Net Income / (Loss)	-198	-414	-117	-27	627	119	230	325	1,731	1,425	1,748
Depreciation Expense	60	83	114	150	252	336	472	433	562	564	738
Amortization Expense	104	103	152	196	201	242	294	358	459	550	621
Non-Cash Adjustments To Reconcile Net Income	258	318	394	399	662	835	1,131	1,401	1,604	1,746	2,204
Changes in Operating Assets and Liabilities, net	94	70	99	93	-506	254	64	206	-958	-18	133
Net Cash From Investing Activities	-232	-108	-884	-347	-725	-1,507	-1,607	-2,583	-2,167	-2,501	-1,689
Net Cash From Continuing Investing Activities	-232	-108	-884	-347	-725	-1,507	-1,607	-2,583	-2,167	-2,501	-1,689
Purchase of Property, Plant & Equipment	-87	-106	-151	-224	-265	-419	-392	-550	-694	-852	-868
Acquisitions	-2.85	-53	-65	-62	-80	-120	-785	-91	-282	-153	-1,127
Purchase of Investments	-723	-519	-1,194	-1,296	-1,596	-2,934	-2,556	-4,205	-4,709	-5,212	-3,870
Sale and/or Maturity of Investments	582	570	526	1,235	1,193	1,965	2,119	2,245	3,522	3,752	4,138
Other Investing Activities, net	-	-	-	-	23	1.00	7.00	18	-4.00	-36	38
Net Cash From Financing Activities	80	-56	539	-607	-302	597	-506	-344	-803	-1,343	-2,340
Net Cash From Continuing Financing Activities	80	-56	539	-607	-302	597	-506	-344	-803	-1,343	-2,340
Repurchase of Common Equity	0.00	0.00	-55	-	-	-	0.00	0.00	-538	-696	-1,840
Payment of Dividends	-	-	-	-	-	-	-	0.00	0.00	-184	0.00
Issuance of Common Equity	93	66	137	104	108	146	167	177	194	237	270
Other Financing Activities, net	-13	-120	-310	-281	-410	597	-612	-427	-459	-700	-770
Effect of Exchange Rate Changes	-6.51	-5.95	-	-	-	25	-25	-53	1.00	-17	7.00
Cash Interest Paid	-	-	-	-	0.00	0.00	41	24	23	23	22
Cash Income Taxes Paid	3.63	4.34	7.90	18	20	39	36	45	127	230	283

This table details how cash moves in and out of ServiceNow's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	-551	785	160	103	-274	417	1,067	-244	-399	998	-1,022
Net Cash From Operating Activities	311	1,605	1,341	620	671	1,635	1,677	716	813	2,238	1,670
Net Cash From Continuing Operating Activities	311	1,605	1,341	620	671	1,635	1,677	716	813	2,238	1,670
Net Income / (Loss) Continuing Operations	242	295	347	262	432	384	460	385	502	401	469
Consolidated Net Income / (Loss)	242	295	347	262	432	384	460	385	502	401	469
Depreciation Expense	146	154	130	136	144	154	160	172	194	212	258
Amortization Expense	115	126	131	132	140	147	145	148	161	167	168
Non-Cash Adjustments To Reconcile Net Income	413	413	422	444	426	454	470	499	492	743	547
Changes in Operating Assets and Liabilities, net	-605	617	311	-354	-471	496	442	-488	-536	715	228
Net Cash From Investing Activities	-525	-444	-734	-187	-658	-738	-217	-423	-551	-498	-451
Net Cash From Continuing Investing Activities	-525	-444	-734	-187	-658	-738	-217	-423	-551	-498	-451
Purchase of Property, Plant & Equipment	-136	-261	-135	-262	-202	-253	-205	-190	-235	-238	-141
Acquisitions	-282	-	-31	144	-41	-41	-52	-58	-148	-869	-1,325
Purchase of Investments	-994	-848	-1,647	-1,101	-1,353	-1,111	-1,144	-1,316	-1,279	-131	-152
Sale and/or Maturity of Investments	915	654	1,073	1,040	911	728	1,181	1,100	1,129	728	1,139
Other Investing Activities, net	-28	11	6.00	-8.00	27	-61	3.00	41	-18	12	28
Net Cash From Financing Activities	-333	-381	-443	-321	-292	-471	-398	-546	-657	-739	-2,236
Net Cash From Continuing Financing Activities	-333	-381	-443	-321	-292	-471	-398	-546	-657	-739	-2,236
Repurchase of Common Equity	-282	-256	-175	-	-225	-296	-298	-361	-584	-597	-2,225
Issuance of Common Equity	76	1.00	131	-	106	-	153	-	117	-	153
Other Financing Activities, net	-127	-126	-215	-137	-173	-175	-253	-185	-190	-142	-164
Effect of Exchange Rate Changes	-4.00	5.00	-4.00	-9.00	5.00	-9.00	5.00	9.00	-4.00	-3.00	-5.00
Cash Interest Paid	11	-	11	1.00	11	-	11	-	11	-	11
Cash Income Taxes Paid	40	24	21	91	71	47	36	93	52	102	38

This table presents ServiceNow's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	1,807	2,034	3,550	3,879	6,022	8,715	10,798	13,299	17,387	20,383	26,038
Total Current Assets	1,086	1,343	2,422	2,345	2,827	4,522	5,220	6,654	7,777	9,187	10,471
Cash & Equivalents	412	401	726	566	776	1,677	1,728	1,470	1,897	2,304	3,726
Short-Term Investments	389	498	1,053	932	915	1,415	1,576	2,810	2,980	3,458	2,558
Accounts Receivable	203	323	437	575	835	1,009	1,390	1,725	2,036	2,240	2,627
Prepaid Expenses	29	44	96	132	125	192	223	280	403	668	970
Other Current Assets	52	77	110	140	175	229	303	369	461	517	590
Plant, Property, & Equipment, net	145	182	245	347	468	660	766	1,053	1,358	1,763	2,289
Total Noncurrent Assets	577	510	883	1,187	2,727	3,533	4,812	5,592	8,252	9,433	13,278
Long-Term Investments	423	263	391	582	1,013	1,468	1,630	2,117	3,203	4,583	5,313
Goodwill	56	83	129	149	157	241	777	824	1,231	1,273	3,578
Intangible Assets	43	66	87	101	144	153	287	232	224	209	1,121
Noncurrent Deferred & Refundable Income Taxes	-	-	-	21	600	673	692	636	1,508	1,385	1,056
Other Noncurrent Operating Assets	55	99	276	335	814	998	1,426	1,783	2,086	1,983	2,210
Total Liabilities & Shareholders' Equity	1,807	2,034	3,550	3,879	6,022	8,715	10,798	13,299	17,387	20,383	26,038
Total Liabilities	1,240	1,647	2,772	2,768	3,894	5,881	7,103	8,267	9,759	10,774	13,074
Total Current Liabilities	732	1,071	2,039	2,013	2,753	3,737	4,949	6,005	7,365	8,358	10,443
Accounts Payable	37	38	32	31	53	34	89	274	126	68	204
Accrued Expenses	101	172	253	330	461	668	850	975	1,365	1,369	1,813
Current Deferred Revenue	593	862	1,211	1,652	2,186	2,963	3,836	4,660	5,785	6,819	8,314
Other Current Liabilities	-	-	-	-	53	72	82	96	89	102	112
Total Noncurrent Liabilities	509	575	732	755	1,142	2,144	2,154	2,262	2,394	2,416	2,631
Long-Term Debt	475	508	630	662	695	1,640	1,484	1,486	1,488	1,489	1,491
Capital Lease Obligations	-	-	-	0.00	383	423	556	650	707	687	800
Noncurrent Deferred Revenue	11	33	36	-	40	-	63	70	81	95	120
Other Noncurrent Operating Liabilities	23	34	66	94	23	81	51	56	118	145	220
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	567	387	779	1,111	2,128	2,834	3,695	5,032	7,628	9,609	12,964
Total Preferred & Common Equity	567	387	779	1,111	2,128	2,834	3,695	5,032	7,628	9,609	12,964
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	567	387	779	1,111	2,128	2,834	3,695	5,032	7,628	9,609	12,964
Common Stock	1,141	1,405	1,732	2,094	2,455	2,974	3,665	4,796	6,131	7,402	10,748
Retained Earnings	-557	-997	-959	-979	-352	-234	-4.00	338	2,069	3,494	5,242
Treasury Stock	-	-	-	-	-	-	-	0.00	-535	-1,219	-3,045
Accumulated Other Comprehensive Income / (Loss)	-17	-21	5.77	-4.04	25	94	34	-102	-37	-68	19

This table presents ServiceNow's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	14,923	15,091	17,387	17,544	18,207	18,434	20,383	20,972	22,051	21,789	24,381
Total Current Assets	6,603	6,046	7,777	7,372	8,021	7,696	9,187	9,270	9,275	8,364	8,435
Cash & Equivalents	1,663	1,112	1,897	2,056	2,159	1,885	2,304	3,369	3,124	2,725	2,702
Short-Term Investments	3,084	2,955	2,980	3,054	3,254	3,410	3,458	3,228	3,008	2,686	2,480
Accounts Receivable	1,093	1,168	2,036	1,306	1,518	1,308	2,240	1,359	1,696	1,548	1,713
Prepaid Expenses	362	394	403	482	608	591	668	781	896	846	949
Other Current Assets	401	417	461	474	482	502	517	533	551	559	591
Plant, Property, & Equipment, net	1,148	1,199	1,358	1,450	1,606	1,718	1,763	1,885	1,985	2,127	2,250
Total Noncurrent Assets	7,172	7,846	8,252	8,722	8,580	9,020	9,433	9,817	10,791	11,298	13,696
Long-Term Investments	2,740	2,939	3,203	3,666	3,472	3,829	4,111	4,335	4,655	5,774	4,467
Goodwill	821	1,204	1,231	1,224	1,239	1,291	1,273	1,305	1,778	1,820	4,541
Intangible Assets	191	242	224	224	220	214	209	230	319	391	1,479
Noncurrent Deferred & Refundable Income Taxes	1,551	1,505	1,508	1,478	1,447	1,444	1,385	1,361	1,340	1,217	914
Other Noncurrent Operating Assets	1,869	1,956	2,086	2,130	2,202	2,242	2,455	2,586	2,699	2,096	2,295
Total Liabilities & Shareholders' Equity	14,923	15,091	17,387	17,544	18,207	18,434	20,383	20,972	22,051	21,789	24,381
Total Liabilities	7,997	7,909	9,759	9,437	9,541	9,144	10,774	10,833	11,119	10,488	12,653
Total Current Liabilities	5,767	5,601	7,365	7,033	7,172	6,786	8,358	8,258	8,495	7,867	9,983
Accounts Payable	171	69	126	223	296	165	68	309	211	146	427
Accrued Expenses	893	1,001	1,365	1,018	1,163	1,058	1,369	1,109	1,378	1,267	1,408
Current Deferred Revenue	4,613	4,440	5,785	5,700	5,615	5,457	6,819	6,737	6,802	6,347	8,030
Other Current Liabilities	90	91	89	92	98	106	102	103	104	107	118
Total Noncurrent Liabilities	2,230	2,308	2,394	2,404	2,369	2,358	2,416	2,575	2,624	2,621	2,670
Long-Term Debt	1,487	1,487	1,488	1,488	1,488	1,489	1,489	1,490	1,490	1,491	1,491
Capital Lease Obligations	635	682	707	693	669	650	687	806	815	804	822
Noncurrent Deferred Revenue	45	46	81	100	85	77	95	117	110	115	99
Other Noncurrent Operating Liabilities	63	93	118	123	127	142	145	162	209	211	258
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	6,926	7,182	7,628	8,107	8,666	9,290	9,609	10,139	10,932	11,301	11,728
Total Preferred & Common Equity	6,926	7,182	7,628	8,107	8,666	9,290	9,609	10,139	10,932	11,301	11,728
Preferred Stock	-	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	6,926	7,182	7,628	8,107	8,666	9,290	9,609	10,139	10,932	11,301	11,728
Common Stock	5,485	5,847	6,131	6,466	6,770	7,126	7,402	7,768	8,513	8,928	11,385
Retained Earnings	1,532	1,774	2,069	2,416	2,678	3,110	3,494	3,954	4,339	4,841	5,711
Treasury Stock	-	-282	-535	-707	-704	-926	-1,219	-1,513	-1,871	-2,451	-5,375
Accumulated Other Comprehensive Income / (Loss)	-91	-157	-37	-68	-78	-20	-68	-70	-49	-17	7.00

This table displays calculated financial ratios and metrics derived from ServiceNow's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	47.31%	38.34%	37.92%	35.98%	32.63%	30.61%	30.47%	22.88%	23.82%	22.44%	20.88%
EBITDA Growth	113.39%	-9,022.82%	207.92%	74.16%	53.87%	37.61%	30.75%	11.36%	55.87%	40.88%	30.25%
EBIT Growth	-10.54%	-132.93%	84.09%	122.84%	629.45%	83.00%	25.14%	38.43%	122.71%	86.83%	37.23%
NOPAT Growth	-9.57%	-129.72%	83.15%	34.12%	1,423.46%	-59.83%	50.37%	21.81%	352.54%	-14.54%	26.09%
Net Income Growth	-10.61%	-108.77%	71.79%	77.15%	2,446.83%	-81.01%	93.28%	41.30%	432.62%	-17.68%	22.67%
EPS Growth	-3.25%	-98.43%	73.02%	77.94%	2,220.00%	-81.45%	91.53%	41.59%	426.25%	-18.76%	21.90%
Operating Cash Flow Growth	125.46%	-49.94%	304.16%	26.15%	52.39%	44.50%	22.68%	24.28%	24.79%	25.57%	27.58%
Free Cash Flow Firm Growth	102.15%	-6,967.22%	48.72%	162.51%	-808.95%	177.63%	-198.77%	229.05%	-18.15%	182.08%	-156.84%
Invested Capital Growth	-187.73%	-46.38%	18.22%	-40.41%	263.49%	-32.83%	164.99%	-13.66%	126.07%	9.70%	154.03%
Revenue Q/Q Growth	9.55%	7.79%	9.28%	6.81%	7.32%	7.08%	6.60%	4.70%	5.87%	4.97%	4.82%
EBITDA Q/Q Growth	-78.09%	17.81%	14.54%	4.49%	14.36%	4.34%	0.00%	16.88%	11.71%	5.05%	5.21%
EBIT Q/Q Growth	-9.09%	10.66%	-29.46%	111.66%	45.56%	-9.94%	-11.92%	94.48%	19.66%	7.85%	4.56%
NOPAT Q/Q Growth	3.38%	11.14%	-38.61%	2.70%	2,729.74%	-81.72%	3.39%	51.82%	7.63%	7.76%	1.33%
Net Income Q/Q Growth	3.54%	9.27%	-23.60%	47.71%	1,691.13%	-83.01%	3.85%	61.96%	9.14%	6.66%	0.98%
EPS Q/Q Growth	5.22%	10.32%	-28.30%	48.28%	1,573.68%	-83.33%	2.73%	63.27%	9.07%	6.21%	-79.83%
Operating Cash Flow Q/Q Growth	21.81%	18.91%	8.97%	14.84%	11.92%	17.33%	7.82%	13.22%	14.99%	0.71%	12.46%
Free Cash Flow Firm Q/Q Growth	151.09%	17.00%	-172.26%	134.39%	-55.75%	8.25%	-343.29%	306.06%	879.20%	-11.92%	-162.84%
Invested Capital Q/Q Growth	-25.31%	-18.02%	43.78%	-23.34%	1,473.47%	-43.58%	28.30%	-29.01%	-25.67%	-17.05%	51.72%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	67.24%	71.32%	73.95%	76.13%	76.99%	78.16%	77.05%	78.29%	78.59%	79.18%	77.53%
EBITDA Margin	0.21%	-13.75%	10.76%	13.78%	15.98%	16.84%	16.88%	15.29%	19.25%	22.15%	23.87%
Operating Margin	-16.55%	-27.47%	-3.36%	-1.63%	1.21%	4.40%	4.36%	4.90%	8.49%	12.42%	13.74%
EBIT Margin	-16.10%	-27.11%	-3.13%	0.53%	2.89%	4.05%	3.88%	4.38%	7.87%	12.01%	13.63%
Profit (Net Income) Margin	-19.73%	-29.78%	-6.09%	-1.02%	18.11%	2.63%	3.90%	4.49%	19.30%	12.97%	13.16%
Tax Burden Percent	102.81%	100.93%	103.03%	68.43%	935.37%	79.33%	92.37%	81.45%	171.73%	81.99%	77.31%
Interest Burden Percent	119.21%	108.82%	188.97%	-284.66%	67.00%	81.97%	108.73%	125.87%	142.78%	131.77%	124.92%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	-835.82%	20.67%	7.63%	18.55%	-71.73%	18.01%	22.69%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	403.45%	37.65%	38.60%	34.75%	104.10%	61.20%	55.32%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	388.10%	39.53%	38.88%	33.74%	95.77%	56.68%	51.46%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	-364.75%	-32.85%	-31.55%	-27.31%	-76.76%	-44.66%	-39.83%
Return on Equity (ROE)	-39.87%	-86.87%	-20.05%	-2.83%	38.70%	4.80%	7.05%	7.45%	27.35%	16.53%	15.49%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-82.82%	76.92%	-51.81%	49.42%	26.77%	51.95%	-31.69%
Operating Return on Assets (OROA)	-10.02%	-19.64%	-2.15%	0.37%	2.02%	2.48%	2.35%	2.63%	4.60%	6.98%	7.80%
Return on Assets (ROA)	-12.28%	-21.57%	-4.19%	-0.72%	12.66%	1.61%	2.36%	2.70%	11.28%	7.55%	7.53%
Return on Common Equity (ROCE)	-39.87%	-86.87%	-20.05%	-2.83%	38.70%	4.80%	7.05%	7.45%	27.35%	16.53%	15.49%
Return on Equity Simple (ROE_SIMPLE)	-35.01%	-107.05%	-15.00%	-2.40%	29.45%	4.20%	6.22%	6.46%	22.69%	14.83%	0.00%
Net Operating Profit after Tax (NOPAT)	-116	-268	-45	-30	393	158	237	289	1,309	1,118	1,410
NOPAT Margin	-11.58%	-19.23%	-2.35%	-1.14%	11.36%	3.49%	4.03%	3.99%	14.59%	10.18%	10.62%
Net Nonoperating Expense Percent (NNEP)	-13.21%	-20.91%	-8.69%	0.25%	15.35%	-1.89%	-0.28%	1.01%	8.33%	4.52%	3.87%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	4.03%	13.32%	9.49%	9.24%
Cost of Revenue to Revenue	32.76%	28.68%	26.05%	23.87%	23.01%	21.84%	22.95%	21.71%	21.41%	20.82%	22.47%
SG&A Expenses to Revenue	12.59%	11.43%	10.97%	11.35%	9.80%	10.05%	10.13%	10.14%	9.62%	8.52%	8.46%
R&D to Revenue	21.62%	20.51%	19.68%	20.30%	21.65%	22.66%	23.69%	24.40%	23.68%	23.15%	22.29%
Operating Expenses to Revenue	83.78%	98.79%	77.30%	77.76%	75.78%	73.76%	72.69%	73.39%	70.09%	66.76%	63.80%
Earnings before Interest and Taxes (EBIT)	-162	-377	-60	14	100	183	229	317	706	1,319	1,810
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	2.14	-191	206	359	553	761	995	1,108	1,727	2,433	3,169
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	24.28	31.89	28.92	28.73	25.02	37.89	34.96	15.62	18.99	22.73	12.29
Price to Tangible Book Value (P/TBV)	29.40	51.73	39.99	37.05	29.14	44.01	49.10	19.77	23.46	26.87	19.28
Price to Revenue (P/Rev)	13.69	8.87	11.74	12.24	15.39	23.76	21.91	10.85	16.14	19.88	12.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	84.96	902.43	561.62	241.80	83.67	153.25	91.14
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	1.18%	0.11%	0.18%	0.41%	1.20%	0.65%	1.10%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	102.89	311.25	141.51	96.40	79.72	110.19	41.01
Enterprise Value to Revenue (EV/Rev)	12.94	8.40	11.22	11.69	14.92	23.21	21.43	10.26	15.49	19.18	11.30
Enterprise Value to EBITDA (EV/EBITDA)	6,072.64	0.00	104.29	84.88	93.34	137.83	127.01	67.08	80.45	86.60	47.34
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	2,225.27	516.19	573.18	551.84	234.46	196.81	159.73	82.88
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	131.33	664.41	532.34	257.04	106.18	188.39	106.38
Enterprise Value to Operating Cash Flow (EV/OCF)	40.96	73.46	33.47	37.61	41.76	58.73	57.68	27.30	40.89	49.38	27.56
Enterprise Value to Free Cash Flow (EV/FCFF)	4,887.76	0.00	0.00	520.46	0.00	325.16	0.00	180.77	412.85	221.93	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.84	1.31	1.51	0.60	0.51	0.73	0.58	0.42	0.29	0.23	0.18
Long-Term Debt to Equity	0.84	1.31	0.81	0.60	0.51	0.73	0.55	0.42	0.29	0.23	0.18
Financial Leverage	-1.25	-1.47	-1.42	-1.28	-0.94	-0.83	-0.81	-0.81	-0.80	-0.79	-0.77
Leverage Ratio	3.25	4.03	4.79	3.93	3.06	2.97	2.99	2.76	2.42	2.19	2.06
Compound Leverage Factor	3.87	4.38	9.05	-11.19	2.05	2.43	3.25	3.48	3.46	2.89	2.57
Debt to Total Capital	45.57%	56.75%	60.11%	37.32%	33.63%	42.13%	36.59%	29.80%	22.35%	18.46%	15.02%
Short-Term Debt to Total Capital	0.00%	0.00%	27.84%	0.00%	0.00%	0.00%	1.58%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	45.57%	56.75%	32.27%	37.32%	33.63%	42.13%	35.01%	29.80%	22.35%	18.46%	15.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	54.43%	43.25%	39.89%	62.68%	66.37%	57.87%	63.41%	70.20%	77.65%	81.54%	84.98%
Debt to EBITDA	221.43	-2.66	5.69	1.84	1.95	2.71	2.14	1.93	1.27	0.89	0.72
Net Debt to EBITDA	-349.69	3.42	-4.83	-3.95	-2.94	-3.28	-2.82	-3.85	-3.41	-3.16	-2.94
Long-Term Debt to EBITDA	221.43	-2.66	3.05	1.84	1.95	2.71	2.05	1.93	1.27	0.89	0.72
Debt to NOPAT	-4.07	-1.90	-26.03	-22.28	2.74	13.07	8.98	7.39	1.68	1.95	1.62
Net Debt to NOPAT	6.43	2.45	22.12	47.75	-4.14	-15.82	-11.80	-14.74	-4.50	-6.88	-6.60
Long-Term Debt to NOPAT	-4.07	-1.90	-13.98	-22.28	2.74	13.07	8.59	7.39	1.68	1.95	1.62
Altman Z-Score	6.72	4.04	5.11	7.35	8.77	11.61	11.56	6.42	9.75	13.20	8.33
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.48	1.25	1.19	1.17	1.03	1.21	1.05	1.11	1.06	1.10	1.00
Quick Ratio	1.37	1.14	1.09	1.03	0.92	1.10	0.95	1.00	0.94	0.96	0.85
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	2.66	-183	-94	59	-416	323	-319	411	337	949	-808
Operating Cash Flow to CapEx	363.23%	150.70%	427.17%	361.35%	466.42%	426.25%	558.93%	495.09%	489.63%	500.82%	627.19%
Free Cash Flow to Firm to Interest Expense	0.09	-5.49	-1.76	1.11	-12.59	9.78	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	10.22	4.78	12.04	15.38	37.45	54.12	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	7.41	1.61	9.22	11.12	29.42	41.42	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.62	0.72	0.69	0.70	0.70	0.61	0.60	0.60	0.58	0.58	0.57
Accounts Receivable Turnover	5.55	5.29	5.05	5.16	4.91	4.90	4.92	4.65	4.77	5.14	5.46
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	8.08	8.52	8.99	8.81	8.49	8.01	8.27	7.97	7.44	7.04	6.55
Accounts Payable Turnover	11.94	10.58	14.24	19.82	19.02	22.70	22.00	8.67	9.61	23.58	21.93
Days Sales Outstanding (DSO)	65.80	69.02	72.28	70.78	74.38	74.48	74.26	78.47	76.51	71.05	66.89
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	30.58	34.51	25.63	18.42	19.19	16.08	16.59	42.12	38.00	15.48	16.64
Cash Conversion Cycle (CCC)	35.22	34.51	46.65	52.37	55.19	58.40	57.67	36.35	38.51	55.57	50.25
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-183	-267	-219	-307	502	337	893	771	1,743	1,912	3,658
Invested Capital Turnover	-8.17	-6.18	-7.90	-9.93	35.52	10.78	9.59	8.71	7.14	6.01	5.21
Increase / (Decrease) in Invested Capital	-119	-85	49	-88	809	-165	556	-122	972	169	2,218
Enterprise Value (EV)	13,014	11,686	21,521	30,506	51,619	104,892	126,371	74,325	138,945	210,688	150,012
Market Capitalization	13,763	12,340	22,518	31,924	53,246	107,389	129,173	78,586	144,830	218,385	159,318
Book Value per Share	$3.56	$2.33	$4.51	$6.20	$11.28	$14.53	$18.57	$24.86	$37.21	$46.65	$62.33
Tangible Book Value per Share	$2.94	$1.44	$3.26	$4.81	$9.69	$12.51	$13.22	$19.64	$30.11	$39.45	$39.74
Total Capital	1,041	895	1,952	1,773	3,206	4,897	5,827	7,168	9,823	11,785	15,255
Total Debt	475	508	1,173	662	1,078	2,063	2,132	2,136	2,195	2,176	2,291
Total Long-Term Debt	475	508	630	662	1,078	2,063	2,040	2,136	2,195	2,176	2,291
Net Debt	-749	-654	-997	-1,418	-1,626	-2,497	-2,802	-4,261	-5,885	-7,697	-9,306
Capital Expenditures (CapEx)	87	106	151	224	265	419	392	550	694	852	868
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-447	-628	-853	-1,166	-1,617	-2,307	-2,941	-3,631	-4,465	-4,933	-6,256
Debt-free Net Working Capital (DFNWC)	354	271	926	332	74	785	363	649	412	829	28
Net Working Capital (NWC)	354	271	382	332	74	785	271	649	412	829	28
Net Nonoperating Expense (NNE)	82	147	72	-2.99	-234	39	7.39	-36	-422	-307	-338
Net Nonoperating Obligations (NNO)	-749	-654	-997	-1,418	-1,626	-2,497	-2,802	-4,261	-5,885	-7,697	-9,306
Total Depreciation and Amortization (D&A)	164	186	266	346	453	578	766	791	1,021	1,114	1,359
Debt-free, Cash-free Net Working Capital to Revenue	-44.48%	-45.17%	-44.48%	-44.69%	-46.73%	-51.05%	-49.88%	-50.12%	-49.77%	-44.91%	-47.12%
Debt-free Net Working Capital to Revenue	35.21%	19.49%	48.26%	12.73%	2.14%	17.37%	6.16%	8.96%	4.59%	7.55%	0.21%
Net Working Capital to Revenue	35.21%	19.49%	19.94%	12.73%	2.14%	17.37%	4.60%	8.96%	4.59%	7.55%	0.21%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.27)	($2.75)	($0.87)	($0.15)	$3.36	$0.61	$1.16	$1.61	$8.48	$6.92	$1.69
Adjusted Weighted Average Basic Shares Outstanding	161.40M	168M	174.70M	180.50M	186.47M	193.10M	198.09M	201.43M	204.14M	205.83M	1.04B
Adjusted Diluted Earnings per Share	($1.27)	($2.75)	($0.87)	($0.15)	$3.18	$0.59	$1.13	$1.60	$8.42	$6.84	$1.67
Adjusted Weighted Average Diluted Shares Outstanding	161.40M	168M	174.70M	180.50M	197.22M	202.48M	203.17M	203.54M	205.59M	208.42M	1.05B
Adjusted Basic & Diluted Earnings per Share	($1.27)	($2.75)	($0.87)	($0.15)	$3.36	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	155.71M	164.53M	171.18M	177.85M	189.80M	196.10M	200M	203M	205M	206M	1.05B
Normalized Net Operating Profit after Tax (NOPAT)	-116	-79	-45	-30	29	158	237	289	533	1,118	1,410
Normalized NOPAT Margin	-11.58%	-5.64%	-2.35%	-1.14%	0.85%	3.49%	4.03%	3.99%	5.95%	10.18%	10.62%
Pre Tax Income Margin	-19.20%	-29.51%	-5.91%	-1.50%	1.94%	3.32%	4.22%	5.51%	11.24%	15.82%	17.03%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-5.21	-11.33	-1.12	0.26	3.03	5.55	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	-3.74	-8.04	-0.84	-0.56	11.91	4.78	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	-8.02	-14.51	-3.94	-4.00	-5.00	-7.15	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	-6.56	-11.21	-3.66	-4.82	3.88	-7.91	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	12.91%	0.00%
Augmented Payout Ratio	0.00%	0.00%	-47.07%	0.00%	0.00%	0.00%	0.00%	0.00%	31.08%	61.75%	105.26%

This table displays calculated financial ratios and metrics derived from ServiceNow's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,031,000,000.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,031,000,000.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.45
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	24.96%	25.62%	24.19%	22.19%	22.25%	21.34%	18.63%	22.38%	21.81%	20.66%	22.09%
EBITDA Growth	72.56%	50.28%	62.50%	43.10%	44.77%	21.63%	27.35%	35.54%	34.97%	23.86%	35.70%
EBIT Growth	185.53%	80.00%	153.13%	130.00%	88.02%	36.78%	35.80%	54.35%	41.91%	22.13%	32.95%
NOPAT Growth	161.95%	80.67%	135.93%	-73.18%	87.18%	35.13%	37.90%	55.44%	18.23%	5.86%	-6.23%
Net Income Growth	202.50%	96.67%	131.33%	-74.90%	78.51%	30.17%	32.56%	46.95%	16.20%	4.43%	1.96%
EPS Growth	200.00%	94.59%	128.77%	-75.20%	76.92%	27.78%	31.74%	46.03%	15.94%	5.41%	2.27%
Operating Cash Flow Growth	17.36%	38.12%	48.67%	6.90%	115.76%	1.87%	25.06%	15.48%	21.16%	36.88%	-0.42%
Free Cash Flow Firm Growth	-236.45%	-398.12%	-547.54%	-277.47%	136.38%	119.02%	158.63%	-16.23%	-21.08%	-408.17%	-763.13%
Invested Capital Growth	115.93%	126.07%	157.14%	24.15%	-1.71%	9.70%	-0.60%	26.42%	4.60%	154.03%	192.22%
Revenue Q/Q Growth	6.42%	6.51%	6.81%	0.92%	6.47%	5.72%	4.43%	4.11%	5.97%	4.73%	5.66%
EBITDA Q/Q Growth	37.36%	13.18%	8.13%	-14.87%	38.96%	-4.91%	13.22%	-9.40%	38.37%	-12.74%	24.05%
EBIT Q/Q Growth	117.00%	20.28%	24.14%	-29.01%	77.39%	-12.50%	23.25%	-19.32%	63.10%	-24.70%	34.17%
NOPAT Q/Q Growth	-73.37%	22.77%	18.09%	-30.55%	85.89%	-11.36%	20.51%	-21.71%	41.39%	-20.64%	6.75%
Net Income Q/Q Growth	-76.82%	21.90%	17.63%	-24.50%	64.89%	-11.11%	19.79%	-16.30%	30.39%	-20.12%	16.96%
EPS Q/Q Growth	-76.97%	23.08%	15.97%	-24.55%	64.29%	-11.11%	19.57%	-16.36%	30.43%	-83.75%	15.38%
Operating Cash Flow Q/Q Growth	-46.38%	416.08%	-16.45%	-53.77%	8.23%	143.67%	2.57%	-57.30%	13.55%	175.28%	-25.38%
Free Cash Flow Firm Q/Q Growth	-2,044.07%	30.74%	12.06%	71.09%	306.61%	-63.79%	171.13%	-157.31%	240.29%	-714.01%	-34.34%
Invested Capital Q/Q Growth	50.22%	-25.67%	-13.25%	28.17%	18.94%	-17.05%	-21.39%	63.01%	-1.59%	51.72%	20.07%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	78.32%	78.83%	80.02%	78.99%	79.12%	78.66%	78.92%	77.48%	77.28%	76.63%	75.07%
EBITDA Margin	20.89%	22.20%	22.47%	18.96%	24.74%	22.25%	24.13%	21.00%	27.41%	22.84%	26.82%
Operating Margin	10.10%	11.08%	12.75%	9.14%	14.94%	12.65%	14.60%	11.14%	16.79%	12.42%	13.34%
EBIT Margin	9.48%	10.71%	12.45%	8.76%	14.59%	12.07%	14.25%	11.04%	16.99%	12.22%	15.52%
Profit (Net Income) Margin	10.58%	12.11%	13.33%	9.97%	15.45%	12.99%	14.90%	11.98%	14.73%	11.24%	12.44%
Tax Burden Percent	80.94%	85.01%	81.65%	78.44%	83.72%	82.94%	82.88%	81.74%	72.33%	74.12%	69.69%
Interest Burden Percent	137.79%	132.95%	131.17%	145.22%	126.47%	129.69%	126.14%	132.68%	119.86%	124.08%	115.04%
Effective Tax Rate	19.06%	14.99%	18.35%	21.56%	16.28%	17.06%	17.12%	18.26%	27.67%	25.88%	30.31%
Return on Invested Capital (ROIC)	40.36%	67.22%	94.00%	40.78%	56.31%	63.05%	92.09%	50.02%	65.24%	47.94%	44.04%
ROIC Less NNEP Spread (ROIC-NNEP)	39.03%	65.93%	92.69%	39.56%	54.92%	61.96%	90.96%	48.81%	64.13%	47.11%	42.55%
Return on Net Nonoperating Assets (RNNOA)	-27.59%	-52.84%	-78.49%	-30.68%	-39.42%	-48.82%	-75.93%	-37.88%	-49.44%	-36.47%	-31.08%
Return on Equity (ROE)	12.77%	14.38%	15.51%	10.10%	16.89%	14.23%	16.16%	12.14%	15.80%	11.47%	12.96%
Cash Return on Invested Capital (CROIC)	-2.52%	26.77%	52.11%	28.48%	46.36%	51.95%	81.59%	37.12%	54.52%	-31.69%	-51.01%
Operating Return on Assets (OROA)	6.14%	6.26%	7.57%	5.26%	9.11%	7.02%	8.49%	6.61%	10.70%	6.99%	9.55%
Return on Assets (ROA)	6.84%	7.08%	8.11%	5.99%	9.64%	7.55%	8.87%	7.17%	9.28%	6.43%	7.66%
Return on Common Equity (ROCE)	12.77%	14.38%	15.51%	10.10%	16.89%	14.23%	16.16%	12.14%	15.80%	11.47%	12.96%
Return on Equity Simple (ROE_SIMPLE)	22.08%	0.00%	23.78%	13.22%	14.38%	0.00%	15.17%	15.19%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	187	230	271	188	350	310	374	293	414	328	351
NOPAT Margin	8.17%	9.42%	10.41%	7.17%	12.51%	10.49%	12.11%	9.10%	12.14%	9.20%	9.30%
Net Nonoperating Expense Percent (NNEP)	1.33%	1.29%	1.31%	1.22%	1.39%	1.09%	1.13%	1.21%	1.11%	0.83%	1.48%
Return On Investment Capital (ROIC_SIMPLE)	-	2.34%	-	-	-	2.63%	3.01%	2.21%	3.04%	2.15%	2.50%
Cost of Revenue to Revenue	21.68%	21.17%	19.98%	21.01%	20.88%	21.34%	21.08%	22.52%	22.72%	23.37%	24.93%
SG&A Expenses to Revenue	9.31%	9.93%	8.53%	8.83%	8.04%	8.69%	7.42%	8.43%	7.48%	10.31%	7.64%
R&D to Revenue	23.99%	23.06%	23.28%	24.48%	22.38%	22.59%	22.77%	22.83%	22.01%	21.66%	21.83%
Operating Expenses to Revenue	68.23%	67.75%	67.27%	69.85%	64.18%	66.01%	64.31%	66.35%	60.49%	64.21%	61.72%
Earnings before Interest and Taxes (EBIT)	217	261	324	230	408	357	440	355	579	436	585
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	478	541	585	498	692	658	745	675	934	815	1,011
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	15.90	18.99	19.28	18.61	19.83	22.73	16.18	19.47	16.94	12.29	9.32
Price to Tangible Book Value (P/TBV)	19.91	23.46	23.47	22.38	23.67	26.87	19.06	24.09	21.06	19.28	19.16
Price to Revenue (P/Rev)	13.48	16.14	16.49	16.20	17.61	19.88	14.30	17.65	15.11	12.00	7.83
Price to Earnings (P/E)	72.00	83.67	81.06	140.72	137.91	153.25	106.64	128.12	110.58	91.14	62.24
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	1.39%	1.20%	1.23%	0.71%	0.73%	0.65%	0.94%	0.78%	0.90%	1.10%	1.61%
Enterprise Value to Invested Capital (EV/IC)	46.63	79.72	99.01	79.74	76.90	110.19	103.37	83.40	75.71	41.01	23.23
Enterprise Value to Revenue (EV/Rev)	12.91	15.49	15.79	15.52	16.94	19.18	13.55	16.95	14.41	11.30	7.31
Enterprise Value to EBITDA (EV/EBITDA)	70.74	80.45	76.69	73.52	76.54	86.60	59.92	73.77	60.60	47.34	29.70
Enterprise Value to EBIT (EV/EBIT)	185.35	196.81	165.96	149.75	144.94	159.73	108.27	130.98	105.45	82.88	52.19
Enterprise Value to NOPAT (EV/NOPAT)	89.95	106.18	101.75	176.58	170.80	188.39	127.25	154.06	131.16	106.38	73.64
Enterprise Value to Operating Cash Flow (EV/OCF)	37.01	40.89	39.01	39.86	41.84	49.38	33.75	43.48	37.70	27.56	18.76
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	412.85	273.59	310.19	164.46	221.93	126.31	250.92	141.98	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.30	0.29	0.27	0.25	0.23	0.23	0.23	0.21	0.20	0.18	0.20
Long-Term Debt to Equity	0.30	0.29	0.27	0.25	0.23	0.23	0.23	0.21	0.20	0.18	0.20
Financial Leverage	-0.71	-0.80	-0.85	-0.78	-0.72	-0.79	-0.83	-0.78	-0.77	-0.77	-0.73
Leverage Ratio	2.24	2.42	2.27	2.12	2.04	2.19	2.11	2.05	1.95	2.06	2.07
Compound Leverage Factor	3.08	3.22	2.98	3.09	2.57	2.84	2.66	2.73	2.34	2.55	2.39
Debt to Total Capital	23.20%	22.35%	21.20%	19.93%	18.72%	18.46%	18.46%	17.41%	16.88%	15.02%	16.47%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	23.20%	22.35%	21.20%	19.93%	18.72%	18.46%	18.46%	17.41%	16.88%	15.02%	16.47%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	76.80%	77.65%	78.80%	80.07%	81.28%	81.54%	81.54%	82.59%	83.12%	84.98%	83.53%
Debt to EBITDA	1.40	1.27	1.12	1.03	0.92	0.89	0.89	0.83	0.76	0.72	0.67
Net Debt to EBITDA	-3.13	-3.41	-3.38	-3.20	-3.02	-3.16	-3.33	-3.06	-2.95	-2.94	-2.14
Long-Term Debt to EBITDA	1.40	1.27	1.12	1.03	0.92	0.89	0.89	0.83	0.76	0.72	0.67
Debt to NOPAT	1.78	1.68	1.48	2.46	2.06	1.95	1.88	1.74	1.65	1.62	1.67
Net Debt to NOPAT	-3.98	-4.50	-4.48	-7.69	-6.73	-6.88	-7.07	-6.40	-6.39	-6.60	-5.29
Long-Term Debt to NOPAT	1.78	1.68	1.48	2.46	2.06	1.95	1.88	1.74	1.65	1.62	1.67
Altman Z-Score	9.47	9.67	10.75	10.99	13.03	13.05	10.02	12.40	11.96	8.16	6.09
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.08	1.06	1.05	1.12	1.13	1.10	1.12	1.09	1.06	1.00	0.84
Quick Ratio	0.93	0.94	0.91	0.97	0.97	0.96	0.96	0.92	0.88	0.85	0.69
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,072	-742	-653	-189	390	141	383	-219	308	-1,890	-2,538
Operating Cash Flow to CapEx	228.68%	614.94%	993.33%	236.64%	332.18%	646.25%	818.05%	376.84%	345.96%	940.34%	1,184.40%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.65	0.58	0.61	0.60	0.62	0.58	0.60	0.60	0.63	0.57	0.62
Accounts Receivable Turnover	8.20	4.77	7.85	7.63	8.45	5.14	8.61	7.50	8.87	5.46	9.09
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	8.02	7.44	7.38	7.23	7.17	7.04	6.88	6.72	6.59	6.55	6.75
Accounts Payable Turnover	13.79	9.61	8.88	8.93	18.56	23.58	9.09	10.22	17.88	21.93	8.89
Days Sales Outstanding (DSO)	44.49	76.51	46.50	47.87	43.18	71.05	42.41	48.65	41.15	66.89	40.16
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	26.47	38.00	41.09	40.90	19.66	15.48	40.15	35.72	20.42	16.64	41.05
Cash Conversion Cycle (CCC)	18.02	38.51	5.41	6.97	23.52	55.57	2.25	12.92	20.73	50.25	-0.89
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,345	1,743	1,512	1,938	2,305	1,912	1,503	2,450	2,411	3,658	4,392
Invested Capital Turnover	4.94	7.14	9.03	5.69	4.50	6.01	7.61	5.50	5.37	5.21	4.74
Increase / (Decrease) in Invested Capital	1,259	972	924	377	-40	169	-9.00	512	106	2,218	2,889
Enterprise Value (EV)	109,359	138,945	149,697	154,539	177,259	210,688	155,369	204,331	182,528	150,012	102,023
Market Capitalization	114,196	144,830	156,292	161,267	184,244	218,385	164,005	212,813	191,418	159,318	109,359
Book Value per Share	$35.15	$37.21	$39.53	$42.27	$45.10	$46.65	$49.22	$52.81	$54.33	$62.33	$11.21
Tangible Book Value per Share	$28.08	$30.11	$32.47	$35.16	$37.79	$39.45	$41.77	$42.68	$43.70	$39.74	$5.46
Total Capital	9,351	9,823	10,288	10,823	11,429	11,785	12,435	13,237	13,596	15,255	14,041
Total Debt	2,169	2,195	2,181	2,157	2,139	2,176	2,296	2,305	2,295	2,291	2,313
Total Long-Term Debt	2,169	2,195	2,181	2,157	2,139	2,176	2,296	2,305	2,295	2,291	2,313
Net Debt	-4,837	-5,885	-6,595	-6,728	-6,985	-7,697	-8,636	-8,482	-8,890	-9,306	-7,336
Capital Expenditures (CapEx)	136	261	135	262	202	253	205	190	235	238	141
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-3,622	-4,465	-4,771	-4,564	-4,385	-4,933	-5,585	-5,352	-4,914	-6,256	-6,730
Debt-free Net Working Capital (DFNWC)	445	412	339	849	910	829	1,012	780	497	28	-1,548
Net Working Capital (NWC)	445	412	339	849	910	829	1,012	780	497	28	-1,548
Net Nonoperating Expense (NNE)	-55	-65	-76	-74	-82	-74	-86	-92	-88	-73	-118
Net Nonoperating Obligations (NNO)	-4,837	-5,885	-6,595	-6,728	-6,985	-7,697	-8,636	-8,482	-8,890	-9,306	-7,336
Total Depreciation and Amortization (D&A)	261	280	261	268	284	301	305	320	355	379	426
Debt-free, Cash-free Net Working Capital to Revenue	-42.74%	-49.77%	-50.34%	-45.85%	-41.91%	-44.91%	-48.70%	-44.39%	-38.79%	-47.12%	-48.21%
Debt-free Net Working Capital to Revenue	5.25%	4.59%	3.58%	8.53%	8.70%	7.55%	8.82%	6.47%	3.92%	0.21%	-11.09%
Net Working Capital to Revenue	5.25%	4.59%	3.58%	8.53%	8.70%	7.55%	8.82%	6.47%	3.92%	0.21%	-11.09%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.18	$1.44	$1.69	$1.27	$2.09	$1.87	$2.22	$1.86	$2.42	$0.39	$0.45
Adjusted Weighted Average Basic Shares Outstanding	204.46M	204.14M	205.11M	205.64M	206.16M	205.83M	206.82M	207.16M	207.63M	1.04B	1.04B
Adjusted Diluted Earnings per Share	$1.17	$1.44	$1.67	$1.26	$2.07	$1.84	$2.20	$1.84	$2.40	$0.39	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	206.28M	205.59M	207.68M	207.80M	208.55M	208.42M	209.37M	209.32M	209.51M	1.05B	1.04B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.39	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	205M	205M	205M	206M	206M	206M	207M	208M	208M	1.05B	1.03B
Normalized Net Operating Profit after Tax (NOPAT)	187	230	271	188	350	310	374	293	414	328	351
Normalized NOPAT Margin	8.17%	9.42%	10.41%	7.17%	12.51%	10.49%	12.11%	9.10%	12.14%	9.20%	9.30%
Pre Tax Income Margin	13.07%	14.24%	16.33%	12.71%	18.45%	15.66%	17.97%	14.65%	20.37%	15.16%	17.85%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	12.91%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	17.78%	31.08%	36.98%	62.22%	49.10%	61.75%	53.25%	71.04%	88.91%	105.26%	214.40%

Financials Breakdown Chart

Key Financial Trends

Here are the key takeaways for ServiceNow (NOW) based on the latest four years of quarterly statements. The bullets focus on trends in revenue, profitability, cash flow, and balance-sheet liquidity relevant to retail investors.

Revenue growth: Operating Revenue climbed from about $2.10B in early 2023 to $3.57B in Q4 2025, signaling sustained top-line expansion over four years.
Strong cash generation: Net cash from continuing operating activities rose to $2.24B in Q4 2025, up from $1.64B in Q4 2024, reflecting high-quality earnings and robust cash flow generation.
Profitability on the rise: Net Income attributable to common shareholders reached $401M in Q4 2025, up from $384M in Q4 2024, indicating improving profitability.
Free cash flow potential: With roughly $2.24B of operating cash flow and capex around $238M in Q4 2025, the company generated meaningful free cash flow in the quarter.
Gross margin remains strong but slightly compressed: Gross margin was about 76–77% in Q4 2025 (2.734B gross profit on 3.568B revenue), a modest compression from earlier periods.
Acquisition-driven asset mix: Goodwill and intangible assets increased over the years, consistent with growth investments and platform expansion (reflecting a heavier non-current asset base).
Share count modestly rising: Weighted average shares outstanding and diluted shares were near 1.04B, indicating modest dilution that can affect EPS trends even as net income grows.
Financing cash flow remains negative due to buybacks: Net cash from financing activities was negative across recent quarters (e.g., -$739M in Q4 2025), reflecting ongoing share repurchases and capital-return activity.
Liquidity cushion is modest: Current assets around $8.36B with current liabilities near $7.87B at Q3 2025 yield a current ratio of roughly 1.07, suggesting a limited cushion in a downturn.
Margin volatility: Operating margin in late 2025 hovered around 12–13% (e.g., 12.4% in Q4 2025), showing sensitivity to operating costs even as revenue grows.

05/09/26 05:51 AM ETAI Generated. May Contain Errors.

ServiceNow Financials - Frequently Asked Questions

According to the most recent income statement we have on file, ServiceNow's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

ServiceNow's net income appears to be on an upward trend, with a most recent value of $1.75 billion in 2025, falling from -$198.43 million in 2015. The previous period was $1.43 billion in 2024. See where experts think ServiceNow is headed by visiting ServiceNow's forecast page.

ServiceNow's total operating income in 2025 was $1.82 billion, based on the following breakdown:

Total Gross Profit: $10.30 billion
Total Operating Expenses: $8.47 billion

Over the last 10 years, ServiceNow's total revenue changed from $1.01 billion in 2015 to $13.28 billion in 2025, a change of 1,220.6%.

ServiceNow's total liabilities were at $13.07 billion at the end of 2025, a 21.3% increase from 2024, and a 954.2% increase since 2015.

In the past 10 years, ServiceNow's cash and equivalents has ranged from $401.24 million in 2016 to $3.73 billion in 2025, and is currently $3.73 billion as of their latest financial filing in 2025.

Over the last 10 years, ServiceNow's book value per share changed from 3.56 in 2015 to 62.33 in 2025, a change of 1,648.3%.

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Financial statements for NYSE:NOW last updated on 4/28/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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ServiceNow (NOW) Financials

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ServiceNow (NOW) Financials

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Financials Breakdown Chart

Key Financial Trends

ServiceNow Financials - Frequently Asked Questions

When does ServiceNow's financial year end?

How has ServiceNow's net income changed over the last 10 years?

What is ServiceNow's operating income?

How has ServiceNow's revenue changed over the last 10 years?

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How has ServiceNow's book value per share changed over the last 10 years?

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