What is ServiceNow, Inc.'s earnings per share (EPS)?

ServiceNow, Inc. (NOW) reported diluted earnings per share of $1.67 for fiscal year 2025. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

ServiceNow, Inc. (NOW) Financials

NOW

Trailing 12 months to June 30, 2026

Revenue $14.7B +22.2% YoY

Net Income $1.7B +0.5% YoY

EPS (Diluted) $1.67 FY2025 annual

Free Cash Flow $4.6B +19.0% YoY

Market Cap $145.6B as of Oct 10, 2026

Price / Sales 9.9x on $14.7B revenue, trailing 12 months to June 30, 2026

Price / Earnings 87.2x on $1.7B net income, trailing 12 months to June 30, 2026

Price / Book 11.6x on $12.5B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 10, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Jul 23, 2026 Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Jul 23, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the NOW SEC filings page.

ServiceNow, Inc. (NOW) reported $14.7B in revenue over the twelve months to Jun 30, 2026, up 22.2% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI NOW FY2025 2026-10-03

ServiceNow’s reported growth is becoming more cash-generative, while operating margins expand despite slightly lower gross margins and a thinner short-term cushion.

In FY2025, free cash flow conversion strengthened: free cash flow reached $4.6B, or 34.5% of revenue, while operating cash flow of $5.4B substantially exceeded net income of $1.7B. That combination indicates the reported earnings are accompanied by substantial cash generation, and the higher cash margin despite gross margin falling to 77.5% points to efficiency below the gross-profit line rather than richer gross economics alone.

The margin structure improved through operating costs: operating margin rose from 8.5% in FY2023 to 13.7% in FY2025 even as gross margin eased from 78.6%. This pattern is more consistent with stronger expense absorption or discipline than with a simple improvement in product-level profitability.

The balance sheet is less debt-funded but not especially liquid: debt-to-equity was only 0.1x, while the current ratio was approximately 1.0x, meaning current assets only slightly exceeded current liabilities. Meanwhile, $1.8B of FY2025 buybacks and $4.6B of free cash flow show that substantial cash was returned after $868M of capital spending.

Financial Health Signals

Financial Health Score 71/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of ServiceNow, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

ServiceNow, Inc. has an operating margin of 13.7%, meaning the company retains $14 of operating profit per $100 of revenue. This strong profitability earns a score of 68/100, reflecting efficient cost management and pricing power. This is up from 12.4% the prior year.

Growth

ServiceNow, Inc.'s revenue surged 20.9% year-over-year to $13.3B, reflecting rapid business expansion. This strong growth earns a score of 84/100.

Leverage

ServiceNow, Inc. carries a low D/E ratio of 0.12, meaning only $0.12 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

ServiceNow, Inc.'s current ratio of 1.00 is below the typical benchmark, resulting in a score of 19/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

ServiceNow, Inc. converts 34.5% of revenue into free cash flow ($4.6B). This strong cash generation earns a score of 95/100.

Returns

ServiceNow, Inc. earns a strong 13.5% return on equity (ROE), meaning it generates $13 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 67/100. This is down from 14.8% the prior year.

Altman Z-Score Safe

7.71

ServiceNow, Inc. scores 7.71, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($145.6B) relative to total liabilities ($13.1B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial

3/8

ServiceNow, Inc. passes 3 of 8 computable financial strength tests (1 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), neither operating efficiency signal passes.

Earnings Quality Cash-Backed

3.11x

For every $1 of reported earnings, ServiceNow, Inc. generates $3.11 in operating cash flow ($5.4B OCF vs $1.7B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Earnings & Revenue

Revenue

$4.0B

YoY+24.0%

QoQ+5.8%

5Y CAGR+23.1%

10Y CAGR+27.9%

ServiceNow, Inc. generated $4.0B in revenue in Q2 2026. This represents an increase of 24.0% from the same quarter a year earlier. Against the prior quarter it is up 5.8%.

EBITDA

$536.0M

YoY+6.6%

QoQ-29.6%

5Y CAGR+29.9%

ServiceNow, Inc.'s EBITDA was $536.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 6.6% from the same quarter a year earlier. Against the prior quarter it is down 29.6%.

Net Income

$298.0M

YoY-22.6%

QoQ-36.5%

5Y CAGR+38.3%

ServiceNow, Inc. reported $298.0M in net income in Q2 2026. This represents a decrease of 22.6% from the same quarter a year earlier. Against the prior quarter it is down 36.5%.

EPS (Diluted)

$0.29

QoQ-35.6%

5Y CAGR0.0%

ServiceNow, Inc. earned $0.29 per diluted share (EPS) in Q2 2026. Against the prior quarter it is down 35.6%.

Cash & Balance Sheet

Free Cash Flow

$473.0M

YoY-10.1%

QoQ-69.1%

5Y CAGR+17.7%

ServiceNow, Inc. generated $473.0M in free cash flow in Q2 2026, representing cash available after capex. This represents a decrease of 10.1% from the same quarter a year earlier. Against the prior quarter it is down 69.1%.

Cash & Debt

$2.5B

YoY-19.9%

QoQ-7.4%

5Y CAGR+12.9%

10Y CAGR+24.1%

ServiceNow, Inc. held $2.5B in cash against $5.4B in long-term debt as of Q2 2026.

Shares Outstanding

1.03B

QoQ+0.3%

5Y CAGR+39.2%

10Y CAGR+20.2%

ServiceNow, Inc. had 1.03B shares outstanding in Q2 2026. Against the prior quarter it is up 0.3%.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin

70.7%

YoY-6.8pp

QoQ-4.4pp

5Y change-6.0pp

10Y change-1.0pp

ServiceNow, Inc.'s gross margin was 70.7% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 6.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.4 percentage points.

Operating Margin

4.1%

YoY-7.1pp

QoQ-9.3pp

5Y change+0.4pp

10Y change+18.2pp

ServiceNow, Inc.'s operating margin was 4.1% in Q2 2026, reflecting core business profitability. This is down 7.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 9.3 percentage points.

Net Margin

7.5%

YoY-4.5pp

QoQ-5.0pp

5Y change+3.3pp

10Y change+22.0pp

ServiceNow, Inc.'s net profit margin was 7.5% in Q2 2026, showing the share of revenue converted to profit. This is down 4.5 percentage points from the same quarter a year earlier. Against the prior quarter it is down 5.0 percentage points.

Return on Equity

2.4%

YoY-1.1pp

QoQ-1.6pp

5Y change+0.6pp

10Y change+17.7pp

ServiceNow, Inc.'s ROE was 2.4% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 1.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.6 percentage points.

Capital Allocation

R&D Spending

$915.0M

YoY+24.7%

QoQ+11.2%

5Y CAGR+22.4%

10Y CAGR+29.2%

ServiceNow, Inc. invested $915.0M in research and development in Q2 2026. This represents an increase of 24.7% from the same quarter a year earlier. Against the prior quarter it is up 11.2%.

Share Buybacks

YoY-100.0%

QoQ-100.0%

ServiceNow, Inc. repurchased no shares in Q2 2026. This represents a decrease of 100.0% from the same quarter a year earlier. Against the prior quarter it is down 100.0%.

Capital Expenditures

$114.0M

YoY-40.0%

QoQ-19.1%

5Y CAGR+4.6%

10Y CAGR+16.9%

ServiceNow, Inc. invested $114.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 40.0% from the same quarter a year earlier. Against the prior quarter it is down 19.1%.

NOW Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NOW quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$14.7B	$13.3B+20.9%	$11.0B+22.4%	$9.0B+23.8%	$7.2B+22.9%	$5.9B+30.5%	$4.5B+30.6%	$3.5B+32.6%	$2.6B+35.0%	$1.9B+39.0%	$1.4B+38.3%	$1.0B+47.3%	$682.6M+60.7%	$424.6M+74.2%	$243.7M+163.1%	$92.6M
Cost of Revenue	$3.7B	$3.0B+30.4%	$2.3B+19.1%	$1.9B+22.1%	$1.6B+16.3%	$1.4B+37.1%	$987.0M+24.0%	$796.0M+27.8%	$622.7M+24.6%	$499.9M+25.3%	$399.0M+21.1%	$329.4M+32.4%	$248.8M+60.2%	$155.3M+49.3%	$104.0M+229.4%	$31.6M
Gross Profit	$11.0B	$10.3B+18.4%	$8.7B+23.4%	$7.0B+24.3%	$5.7B+24.9%	$4.5B+28.6%	$3.5B+32.6%	$2.7B+34.1%	$2.0B+40.0%	$1.4B+43.0%	$992.0M+46.7%	$676.1M+55.9%	$433.8M+61.0%	$269.4M+92.8%	$139.7M+128.8%	$61.1M
R&D Expenses	$3.3B	$3.0B+16.4%	$2.5B+19.7%	$2.1B+20.1%	$1.8B+26.6%	$1.4B+36.4%	$1.0B+36.7%	$749.0M+41.5%	$529.5M+40.3%	$377.5M+32.4%	$285.2M+31.2%	$217.4M+46.6%	$148.3M+88.4%	$78.7M+100.0%	$39.3M+461.6%	$7.0M
SG&A Expenses	$1.3B	$1.1B+20.0%	$936.0M+8.5%	$863.0M+17.4%	$735.0M+23.1%	$597.0M+31.5%	$454.0M+33.9%	$339.0M+14.5%	$296.0M+40.6%	$210.5M+32.5%	$158.9M+25.5%	$126.6M+31.5%	$96.2M+55.8%	$61.8M+81.1%	$34.1M+263.8%	$9.4M
Operating Income	$1.7B	$1.8B+33.7%	$1.4B+79.0%	$762.0M+114.6%	$355.0M+38.1%	$257.0M+29.1%	$199.0M+373.8%	$42.0M+199.0%	-$42.4M+34.1%	-$64.4M+83.1%	-$382.2M-129.7%	-$166.4M-9.6%	-$151.8M-129.1%	-$66.3M-76.3%	-$37.6M-455.9%	$10.6M
EBITDA	N/A	$2.6B+32.9%	$1.9B+45.6%	$1.3B+68.0%	$788.0M+8.1%	$729.0M+36.3%	$535.0M+82.0%	$294.0M+174.3%	$107.2M+116.6%	$49.5M+116.5%	-$299.1M-182.1%	-$106.0M+3.4%	-$109.8M-160.7%	-$42.1M-74.9%	-$24.1M-300.1%	$12.0M
Interest Expense	N/A	N/A	N/A	N/A	$27.0M-3.6%	$28.0M-15.2%	$33.0M0.0%	$33.0M-37.4%	$52.7M-1.2%	$53.4M+60.4%	$33.3M+7.0%	$31.1M+7.0%	$29.1M+730.7%	$3.5M	N/A	N/A
Income Tax	$676.0M	$513.0M+63.9%	$313.0M+143.3%	-$723.0M-1077.0%	$74.0M+289.5%	$19.0M-38.7%	$31.0M+105.5%	-$560.0M-4445.5%	-$12.3M-458.1%	$3.4M-10.2%	$3.8M-29.3%	$5.4M+40.7%	$3.8M+53.2%	$2.5M+83.6%	$1.4M+2.4%	$1.3M
Net Income	$1.7B	$1.7B+22.7%	$1.4B-17.7%	$1.7B+432.6%	$325.0M+41.3%	$230.0M+93.3%	$119.0M-81.0%	$626.7M+2446.8%	-$26.7M+77.1%	-$116.8M+71.8%	-$414.2M-108.8%	-$198.4M-10.6%	-$179.4M-143.4%	-$73.7M-97.4%	-$37.3M-479.9%	$9.8M
EPS (Basic)	N/A	$1.69+22.5%	$1.38-18.8%	$1.70+5.6%	$1.61+38.8%	$1.16+90.2%	$0.61-81.8%	$3.36+2340.0%	-$0.15+77.9%	-$0.68	N/A	N/A	N/A	-$0.54-5.9%	-$0.51-666.7%	$0.09
EPS (Diluted)	—	$1.67	$1.37-18.5%	$1.68	$1.60+41.6%	$1.13+91.5%	$0.59-81.4%	$3.18+2220.0%	-$0.15+77.9%	-$0.68	N/A	N/A	N/A	-$0.54	-$0.51	$0.08
Diluted Shares (Avg)	N/A	1.05B	1.04B+1.4%	1.03B	204M+0.2%	203M+0.3%	202M+2.7%	197M+10.9%	178M+3.9%	171M	N/A	N/A	N/A	135M	74M	28M

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Revenue	$4.0B+24.0%	$3.8B+22.1%	$3.6B+20.7%	$3.4B+21.8%	$3.2B+22.4%	$3.1B+18.6%	$3.0B+21.3%	$2.8B+22.2%
Cost of Revenue	$1.2B+61.5%	$940.0M+44.4%	$834.0M+32.2%	$774.0M+32.5%	$724.0M+31.2%	$651.0M+25.2%	$631.0M+22.3%	$584.0M+17.7%
Gross Profit	$2.8B+13.1%	$2.8B+16.1%	$2.7B+17.5%	$2.6B+19.0%	$2.5B+20.0%	$2.4B+17.0%	$2.3B+21.1%	$2.2B+23.5%
R&D Expenses	$915.0M+24.7%	$823.0M+17.1%	$773.0M+15.7%	$750.0M+19.8%	$734.0M+14.2%	$703.0M+16.0%	$668.0M+18.9%	$626.0M+14.0%
SG&A Expenses	$369.0M+36.2%	$288.0M+25.8%	$368.0M+43.2%	$255.0M+13.3%	$271.0M+16.8%	$229.0M+3.2%	$257.0M+6.2%	$225.0M+5.6%
Operating Income	$162.0M-54.7%	$503.0M+11.5%	$443.0M+18.4%	$572.0M+36.8%	$358.0M+49.2%	$451.0M+35.8%	$374.0M+38.5%	$418.0M+81.0%
EBITDA	$536.0M+6.6%	$761.0M+24.5%	$710.0M+23.1%	$738.0M+37.4%	$503.0M+42.9%	$611.0M+32.3%	$577.0M+21.0%	$537.0M+53.4%
Interest Expense	$66.0M+1000.0%	N/A	N/A	N/A	$6.0M	N/A	N/A	N/A
Income Tax	$140.0M+62.8%	$204.0M+114.7%	$140.0M+77.2%	$192.0M+128.6%	$86.0M+19.4%	$95.0M+21.8%	$79.0M+51.9%	$84.0M+47.4%
Net Income	$298.0M-22.6%	$469.0M+2.0%	$401.0M+4.4%	$502.0M+16.2%	$385.0M+46.9%	$460.0M+32.6%	$384.0M+30.2%	$432.0M+78.5%
EPS (Basic)	$0.29-21.6%	$0.45+2.3%	-$4.81-30.7%	$2.42+15.8%	$0.37-70.9%	$0.44-74.0%	-$3.68-355.6%	$2.09+77.1%
EPS (Diluted)	$0.29	$0.45	-$4.76	$2.40+15.9%	$0.37	$0.44	-$3.63-355.6%	$2.07+76.9%
Diluted Shares (Avg)	1.03B	1.04B	N/A	210M+0.5%	1.05B	1.05B	N/A	209M+1.1%

NOW Balance Sheet

NOW quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$26.0B+27.7%	$20.4B+17.2%	$17.4B+30.7%	$13.3B+23.2%	$10.8B+23.9%	$8.7B+44.7%	$6.0B+55.3%	$3.9B+9.3%	$3.6B+74.6%	$2.0B+12.5%	$1.8B+26.8%	$1.4B+21.9%	$1.2B+144.4%	$478.1M	N/A
Current Assets	$10.5B+14.0%	$9.2B+18.1%	$7.8B+16.9%	$6.7B+27.5%	$5.2B+15.4%	$4.5B+60.0%	$2.8B+20.6%	$2.3B-3.2%	$2.4B+80.4%	$1.3B+23.7%	$1.1B+19.7%	$907.0M+13.7%	$797.7M+89.0%	$422.1M	N/A
Cash & Equivalents	$3.7B+61.7%	$2.3B+21.5%	$1.9B+29.0%	$1.5B-14.9%	$1.7B+3.0%	$1.7B+116.1%	$776.0M+37.1%	$566.2M-22.1%	$726.5M+81.1%	$401.2M-2.7%	$412.3M+63.3%	$252.5M-31.1%	$366.3M+207.8%	$119.0M+98.8%	$59.9M
Short-Term Investments	$2.6B-26.0%	$3.5B+16.0%	$3.0B+6.0%	$2.8B+78.3%	$1.6B+11.4%	$1.4B+54.6%	$915.3M-1.8%	$931.7M-11.5%	$1.1B+111.4%	$498.1M+28.1%	$388.9M-6.6%	$416.3M+55.2%	$268.3M+37.1%	$195.7M	$0
Accounts Receivable	$2.6B+17.3%	$2.2B+10.0%	$2.0B+18.0%	$1.7B+24.1%	$1.4B+37.8%	$1.0B+20.8%	$835.3M+45.3%	$574.8M+31.5%	$437.1M+35.4%	$322.8M+58.7%	$203.3M+27.7%	$159.2M+46.9%	$108.3M	N/A	N/A
Long-Term Investments	$3.8B-8.3%	$4.1B+28.3%	$3.2B+51.3%	$2.1B+29.9%	$1.6B+11.0%	$1.5B+44.9%	$1.0B+74.2%	$581.9M+48.6%	$391.4M+49.0%	$262.7M-37.9%	$422.7M+58.4%	$266.8M+4.5%	$255.4M	$0	$0
Goodwill	$3.6B+181.1%	$1.3B+3.4%	$1.2B+49.4%	$824.0M+6.0%	$777.0M+222.4%	$241.0M+53.5%	$157.0M+5.5%	$148.8M+15.6%	$128.7M+56.0%	$82.5M+48.3%	$55.7M+1.2%	$55.0M+530.6%	$8.7M	$0	N/A
Total Liabilities	$13.1B+21.3%	$10.8B+10.4%	$9.8B+18.0%	$8.3B+16.4%	$7.1B+20.8%	$5.9B+51.0%	$3.9B+40.7%	$2.8B-0.1%	$2.8B+68.3%	$1.6B+32.8%	$1.2B+24.5%	$996.1M+28.7%	$774.2M+229.9%	$234.7M	N/A
Current Liabilities	$10.4B+24.9%	$8.4B+13.5%	$7.4B+22.6%	$6.0B+21.3%	$4.9B+32.4%	$3.7B+35.8%	$2.8B+36.8%	$2.0B-1.3%	$2.0B+90.3%	$1.1B+46.5%	$731.6M+44.3%	$507.0M+54.5%	$328.1M+55.0%	$211.6M	N/A
Non-Current Liabilities	$2.6B+8.9%	$2.4B+0.9%	$2.4B+5.8%	$2.3B+5.0%	$2.2B+0.5%	$2.1B+87.8%	$1.1B+51.1%	$755.4M+3.2%	$732.0M+27.2%	$575.3M+13.1%	$508.6M+4.0%	$489.1M+9.6%	$446.1M+1832.8%	$23.1M	N/A
Long-Term Debt	$1.5B	N/A	N/A	N/A	N/A	$1.6B+136.0%	$695.0M	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$13.0B+34.9%	$9.6B+26.0%	$7.6B+51.6%	$5.0B+36.2%	$3.7B+30.4%	$2.8B+33.2%	$2.1B+91.6%	$1.1B+42.5%	$778.7M+43.9%	$541.1M-4.5%	$566.8M+32.2%	$428.7M+8.7%	$394.3M+62.0%	$243.4M+516.9%	-$58.4M
Retained Earnings	$5.2B+50.0%	$3.5B+68.9%	$2.1B+512.1%	$338.0M+8550.0%	-$4.0M+98.3%	-$234.0M+33.6%	-$352.2M+64.0%	-$978.8M-2.1%	-$958.6M+3.9%	-$997.4M-79.1%	-$557.0M-55.3%	-$358.6M-100.1%	-$179.2M-69.9%	-$105.5M	N/A

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Total Assets	$31.7B+43.6%	$24.4B+16.3%	$26.0B+27.7%	$21.8B+18.2%	$22.1B+21.1%	$21.0B+19.5%	$20.4B+17.2%	$18.4B+22.2%
Current Assets	$8.5B-8.2%	$8.4B-9.0%	$10.5B+14.0%	$8.4B+8.7%	$9.3B+15.6%	$9.3B+25.7%	$9.2B+18.1%	$7.7B+27.3%
Cash & Equivalents	$2.5B-19.9%	$2.7B-19.8%	$3.7B+61.7%	$2.7B+44.6%	$3.1B+44.7%	$3.4B+63.9%	$2.3B+21.5%	$1.9B+69.5%
Short-Term Investments	$2.2B-28.2%	$2.5B-23.2%	$2.6B-26.0%	$2.7B-21.2%	$3.0B-7.6%	$3.2B+5.7%	$3.5B+16.0%	$3.4B+15.4%
Accounts Receivable	$2.2B+29.8%	$1.7B+26.0%	$2.6B+17.3%	$1.5B+18.3%	$1.7B+11.7%	$1.4B+4.1%	$2.2B+10.0%	$1.3B+12.0%
Long-Term Investments	$2.0B-56.1%	$2.7B-37.2%	$3.8B-8.3%	$4.3B+11.4%	$4.7B+34.1%	$4.3B+18.2%	$4.1B+28.3%	$3.8B+30.3%
Goodwill	$9.8B+453.3%	$4.5B+248.0%	$3.6B+181.1%	$1.8B+41.0%	$1.8B+43.5%	$1.3B+6.6%	$1.3B+3.4%	$1.3B+7.2%
Total Liabilities	$19.1B+72.2%	$12.7B+16.8%	$13.1B+21.3%	$10.5B+14.7%	$11.1B+16.5%	$10.8B+14.8%	$10.8B+10.4%	$9.1B+15.6%
Current Liabilities	$12.2B+43.1%	$10.0B+20.9%	$10.4B+24.9%	$7.9B+15.9%	$8.5B+18.4%	$8.3B+17.4%	$8.4B+13.5%	$6.8B+21.2%
Non-Current Liabilities	$7.0B+166.7%	$2.7B+3.7%	$2.6B+8.9%	$2.6B+11.2%	$2.6B+10.8%	$2.6B+7.1%	$2.4B+0.9%	$2.4B+2.2%
Long-Term Debt	$5.4B	N/A	$1.5B	N/A	N/A	N/A	N/A	N/A
Total Equity	$12.5B+14.5%	$11.7B+15.7%	$13.0B+34.9%	$11.3B+21.6%	$10.9B+26.1%	$10.1B+25.1%	$9.6B+26.0%	$9.3B+29.4%
Retained Earnings	$6.0B+38.5%	$5.7B+44.4%	$5.2B+50.0%	$4.8B+55.7%	$4.3B+62.0%	$4.0B+63.7%	$3.5B+68.9%	$3.1B+75.3%

Not reported in any period shown, so not listed: Inventory.

NOW Cash Flow Statement

NOW quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$5.3B	$5.4B+27.6%	$4.3B+25.6%	$3.4B+24.8%	$2.7B+24.3%	$2.2B+22.7%	$1.8B+44.5%	$1.2B+52.4%	$811.1M+26.2%	$642.9M+304.2%	$159.1M-49.9%	$317.8M+125.5%	$140.9M+72.4%	$81.7M+67.6%	$48.8M+30.2%	$37.5M
Depreciation & Amortization	N/A	$738.0M+30.9%	$564.0M+0.4%	$562.0M+29.8%	$433.0M-8.3%	$472.0M+40.5%	$336.0M+33.3%	$252.0M+68.4%	$149.6M+31.4%	$113.9M+37.1%	$83.1M+37.7%	$60.4M+43.5%	$42.1M+74.1%	$24.2M+78.8%	$13.5M+817.5%	$1.5M
Stock-Based Compensation	N/A	$2.0B+12.0%	$1.7B+8.9%	$1.6B+14.5%	$1.4B+23.9%	$1.1B+30.0%	$870.0M+31.4%	$662.0M+21.7%	$544.0M+38.1%	$394.0M+24.0%	$317.7M+23.3%	$257.7M+67.0%	$154.3M+135.3%	$65.6M+134.7%	$27.9M+845.7%	$3.0M
Capital Expenditures	$728.0M	$868.0M+1.9%	$852.0M+22.8%	$694.0M+26.2%	$550.0M+40.3%	$392.0M-6.4%	$419.0M+58.1%	$265.0M+18.1%	$224.5M+49.1%	$150.5M+42.6%	$105.6M+20.7%	$87.5M+60.9%	$54.4M-1.7%	$55.3M+31.5%	$42.1M+381.7%	$8.7M
Free Cash Flow	$4.6B	$4.6B+34.0%	$3.4B+26.3%	$2.7B+24.4%	$2.2B+20.8%	$1.8B+31.6%	$1.4B+40.8%	$971.0M+65.5%	$586.6M+19.1%	$492.4M+820.1%	$53.5M-76.8%	$230.3M+166.0%	$86.6M+227.6%	$26.4M+294.4%	$6.7M-76.7%	$28.7M
Investing Cash Flow	-$8.2B	-$1.7B+32.5%	-$2.5B-15.4%	-$2.2B+16.1%	-$2.6B-60.7%	-$1.6B-6.6%	-$1.5B-107.9%	-$725.0M-108.7%	-$347.4M+60.7%	-$883.9M-716.7%	-$108.2M+53.2%	-$231.5M+26.9%	-$316.9M+21.3%	-$402.8M-68.4%	-$239.1M-2752.8%	-$8.4M
Financing Cash Flow	$2.2B	-$2.3B-74.2%	-$1.3B-67.2%	-$803.0M-133.4%	-$344.0M+32.0%	-$506.0M-184.8%	$597.0M+297.7%	-$302.0M+50.3%	-$607.4M-212.7%	$538.9M+1066.6%	-$55.8M-169.4%	$80.3M+16.9%	$68.7M-87.9%	$568.6M+135.1%	$241.8M+19609.8%	$1.2M
Share Buybacks	$3.4B	$1.8B+164.4%	$696.0M+29.4%	$538.0M	$0	$0	N/A	$0	$0-100.0%	$55.0M	$0	$0	$0	$0-100.0%	$2.0M	$0

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Operating Cash Flow	$587.0M-18.0%	$1.7B-0.4%	$2.2B+36.9%	$813.0M+21.2%	$716.0M+15.5%	$1.7B+25.1%	$1.6B+1.9%	$671.0M+115.8%
Depreciation & Amortization	$374.0M+157.9%	$258.0M+61.3%	$212.0M+37.7%	$166.0M+39.5%	$145.0M+29.5%	$160.0M+23.1%	$154.0M0.0%	$119.0M0.0%
Stock-Based Compensation	N/A	$547.0M+16.4%	N/A	N/A	N/A	$470.0M+11.4%	N/A	N/A
Capital Expenditures	$114.0M-40.0%	$141.0M-31.2%	$238.0M-5.9%	$235.0M+16.3%	$190.0M-27.5%	$205.0M+51.9%	$253.0M-3.1%	$202.0M+48.5%
Free Cash Flow	$473.0M-10.1%	$1.5B+3.9%	$2.0B+44.7%	$578.0M+23.2%	$526.0M+46.9%	$1.5B+22.1%	$1.4B+2.8%	$469.0M+168.0%
Investing Cash Flow	-$6.7B-1473.0%	-$451.0M-107.8%	-$498.0M+32.5%	-$551.0M+16.3%	-$423.0M-14.0%	-$217.0M+70.4%	-$738.0M-66.2%	-$658.0M-25.3%
Financing Cash Flow	$5.9B+1175.8%	-$2.2B-461.8%	-$739.0M-56.9%	-$657.0M-125.0%	-$546.0M-298.5%	-$398.0M+10.2%	-$471.0M-23.6%	-$292.0M+12.3%
Share Buybacks	$0-100.0%	$2.2B+646.6%	$597.0M+101.7%	$584.0M+159.6%	$361.0M	$298.0M+70.3%	$296.0M+15.6%	$225.0M-20.2%

Not reported in any period shown, so not listed: Dividends Paid.

NOW Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

NOW quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	77.5%-1.6pp	79.2%+0.6pp	78.6%+0.3pp	78.3%+1.2pp	77.0%-1.1pp	78.2%+1.2pp	77.0%+0.9pp	76.1%+2.7pp	73.4%+2.0pp	71.3%+4.1pp	67.2%+3.7pp	63.5%+0.1pp	63.4%+6.1pp	57.3%-8.6pp	65.9%
Operating Margin	13.7%+1.3pp	12.4%+3.9pp	8.5%+3.6pp	4.9%+0.5pp	4.4%0.0pp	4.4%+3.2pp	1.2%+2.8pp	-1.6%+1.7pp	-3.3%+24.1pp	-27.5%-10.9pp	-16.6%+5.7pp	-22.2%-6.6pp	-15.6%-0.2pp	-15.4%-26.8pp	11.4%
Net Margin	13.2%+0.2pp	13.0%-6.3pp	19.3%+14.8pp	4.5%+0.6pp	3.9%+1.3pp	2.6%-15.5pp	18.1%+19.1pp	-1.0%+5.0pp	-6.0%+23.8pp	-29.8%-10.1pp	-19.7%+6.5pp	-26.3%-8.9pp	-17.4%-2.0pp	-15.3%-25.9pp	10.6%
Return on Equity	13.5%-1.3pp	14.8%-7.9pp	22.7%+16.2pp	6.5%+0.2pp	6.2%+2.0pp	4.2%-25.3pp	29.5%+31.9pp	-2.4%+12.6pp	-15.0%+61.6pp	-76.6%-41.5pp	-35.0%+6.8pp	-41.9%-23.1pp	-18.7%-3.4pp	-15.3%	N/A
Return on Assets	6.7%-0.3pp	7.0%-3.0pp	10.0%+7.5pp	2.4%+0.3pp	2.1%+0.8pp	1.4%-9.0pp	10.4%+11.1pp	-0.7%+2.6pp	-3.3%+17.1pp	-20.4%-9.4pp	-11.0%+1.6pp	-12.6%-6.3pp	-6.3%+1.5pp	-7.8%	N/A
Current Ratio	1.00-0.1x	1.100.0x	1.06-0.1x	1.11+0.1x	1.05-0.2x	1.21+0.2x	1.03-0.1x	1.170.0x	1.19-0.1x	1.25-0.2x	1.48-0.3x	1.79-0.6x	2.43+0.4x	1.99	N/A
Debt-to-Equity	0.12-1.0x	1.12-0.2x	1.28-0.4x	1.64-0.3x	1.92+1.3x	0.58+0.3x	0.33-2.2x	2.49-1.1x	3.56+0.5x	3.04+0.9x	2.19-0.1x	2.32+0.4x	1.96+1.0x	0.96	N/A
Asset Turnover	0.510.0x	0.540.0x	0.520.0x	0.540.0x	0.550.0x	0.52-0.1x	0.57-0.1x	0.67+0.1x	0.54-0.1x	0.68+0.1x	0.56+0.1x	0.48+0.1x	0.36-0.1x	0.51	N/A
FCF Margin	34.5%+3.4pp	31.1%+1.0pp	30.1%+0.2pp	30.0%-0.5pp	30.5%+0.3pp	30.3%+2.2pp	28.1%+5.6pp	22.5%-3.0pp	25.5%+21.6pp	3.9%-19.1pp	22.9%+10.2pp	12.7%+6.5pp	6.2%+3.5pp	2.8%-28.3pp	31.0%

Metric	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K	Q3'2410-Q
Gross Margin	70.7%-6.8pp	75.1%-3.8pp	76.6%-2.0pp	77.3%-1.8pp	77.5%-1.5pp	78.9%-1.1pp	78.7%-0.2pp	79.1%+0.8pp
Operating Margin	4.1%-7.1pp	13.3%-1.3pp	12.4%-0.2pp	16.8%+1.8pp	11.1%+2.0pp	14.6%+1.8pp	12.7%+1.6pp	14.9%+4.8pp
Net Margin	7.5%-4.5pp	12.4%-2.5pp	11.2%-1.7pp	14.7%-0.7pp	12.0%+2.0pp	14.9%+1.6pp	13.0%+0.9pp	15.4%+4.9pp
Return on Equity	2.4%-1.1pp	4.0%-0.5pp	3.1%-0.9pp	4.4%-0.2pp	3.5%+0.5pp	4.5%+0.3pp	4.0%+0.1pp	4.7%+1.3pp
Return on Assets	0.9%-0.8pp	1.9%-0.3pp	1.5%-0.3pp	2.3%0.0pp	1.8%+0.3pp	2.2%+0.2pp	1.9%+0.2pp	2.3%+0.7pp
Current Ratio	0.70-0.4x	0.84-0.3x	1.00-0.1x	1.06-0.1x	1.090.0x	1.12+0.1x	1.100.0x	1.13+0.1x
Debt-to-Equity	0.43-0.6x	1.080.0x	0.12-1.0x	0.93-0.1x	1.02-0.1x	1.07-0.1x	1.12-0.2x	0.98-0.1x
Asset Turnover	0.130.0x	0.150.0x	0.140.0x	0.160.0x	0.150.0x	0.150.0x	0.150.0x	0.150.0x
FCF Margin	11.9%-4.5pp	40.6%-7.1pp	56.0%+9.3pp	17.0%+0.2pp	16.4%+2.7pp	47.7%+1.3pp	46.7%-8.4pp	16.8%+9.1pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
ServiceNow, Inc. NOW	FY2025	$13.3B	$1.7B	13.2%	$145.6B	71/100
Uber Technologies, Inc. UBER	FY2025	$52.0B	$10.1B	19.3%	$146.1B	56/100
Shopify Inc. SHOP	FY2025	$11.6B	$1.2B	10.7%	$219.8B	70/100
Intuit Inc INTU	FY2026	$21.4B	$4.6B	21.3%	$81.2B	76/100
Adobe Inc. ADBE	FY2025	$23.8B	$7.1B	30.0%	$94.3B	76/100
Automatic Data Processing ADP	FY2026	$21.9B	$4.4B	20.1%	$107.3B	22/100

Where ServiceNow, Inc. Ranks

Frequently Asked Questions

What is ServiceNow, Inc.'s annual revenue?

ServiceNow, Inc. (NOW) reported $13.3B in total revenue for fiscal year 2025. This represents a 20.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is ServiceNow, Inc.'s revenue growing?

ServiceNow, Inc. (NOW) revenue grew by 20.9% year-over-year, from $11.0B to $13.3B in fiscal year 2025.

Is ServiceNow, Inc. profitable?

Yes, ServiceNow, Inc. (NOW) reported a net income of $1.7B in fiscal year 2025, with a net profit margin of 13.2%.

What is ServiceNow, Inc.'s EBITDA?

ServiceNow, Inc. (NOW) had EBITDA of $2.6B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does ServiceNow, Inc. have?

As of fiscal year 2025, ServiceNow, Inc. (NOW) had $3.7B in cash and equivalents against $1.5B in long-term debt.

What is ServiceNow, Inc.'s gross margin?

ServiceNow, Inc. (NOW) had a gross margin of 77.5% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is ServiceNow, Inc.'s operating margin?

ServiceNow, Inc. (NOW) had an operating margin of 13.7% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is ServiceNow, Inc.'s net profit margin?

ServiceNow, Inc. (NOW) had a net profit margin of 13.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is ServiceNow, Inc.'s return on equity (ROE)?

ServiceNow, Inc. (NOW) has a return on equity of 13.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is ServiceNow, Inc.'s free cash flow?

ServiceNow, Inc. (NOW) generated $4.6B in free cash flow during fiscal year 2025. This represents a 34.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is ServiceNow, Inc.'s operating cash flow?

ServiceNow, Inc. (NOW) generated $5.4B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are ServiceNow, Inc.'s total assets?

ServiceNow, Inc. (NOW) had $26.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are ServiceNow, Inc.'s capital expenditures?

ServiceNow, Inc. (NOW) invested $868.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does ServiceNow, Inc. spend on research and development?

ServiceNow, Inc. (NOW) invested $3.0B in research and development during fiscal year 2025.

Does ServiceNow, Inc. buy back shares?

Yes, ServiceNow, Inc. (NOW) spent $1.8B on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does ServiceNow, Inc. have outstanding?

ServiceNow, Inc. (NOW) had 1.05B shares outstanding as of fiscal year 2025.

What is ServiceNow, Inc.'s current ratio?

ServiceNow, Inc. (NOW) had a current ratio of 1.00 as of fiscal year 2025, which is considered adequate.

What is ServiceNow, Inc.'s debt-to-equity ratio?

ServiceNow, Inc. (NOW) had a debt-to-equity ratio of 0.12 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is ServiceNow, Inc.'s return on assets (ROA)?

ServiceNow, Inc. (NOW) had a return on assets of 6.7% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is ServiceNow, Inc.'s P/E ratio?

ServiceNow, Inc. (NOW) trades at 87.2x earnings, its market capitalization divided by net income of $1.7B net income, trailing 12 months to June 30, 2026. The market capitalization is $145.6B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is ServiceNow, Inc.'s price-to-sales ratio?

ServiceNow, Inc. (NOW) trades at 9.9x sales, its market capitalization divided by revenue of $14.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $145.6B as of Oct 10, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is ServiceNow, Inc.'s Altman Z-Score?

ServiceNow, Inc. (NOW) has an Altman Z-Score of 7.71, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is ServiceNow, Inc.'s Piotroski F-Score?

ServiceNow, Inc. (NOW) has a Piotroski F-Score of 3 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are ServiceNow, Inc.'s earnings high quality?

ServiceNow, Inc. (NOW) has an earnings quality ratio of 3.11x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is ServiceNow, Inc.?

ServiceNow, Inc. (NOW) scores 71 out of 100 on our Financial Health Score, indicating strong standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.