NOWNYSEServices-Prepackaged SoftwareFiscal year ends December 31
ServiceNow, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Jul 23, 2026
$145.36+3.39 (+2.39%)
Close on Oct 19, 2026
- Market cap
- $150.35B
- P/E (TTM)
- 90.9
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2010 to 2025
Gross margin
77.5%−0.6 pts over 5 years
Operating margin
13.7%+9.3 pts over 5 years
Net margin
13.2%+10.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +20.9% | +22.4% | +24.1% | +29.4% | |
| Gross profit | +18.4% | +22.0% | +23.9% | +31.3% | |
| Operating income | +33.7% | +72.6% | +55.8% | – | |
| Net income | +22.7% | +75.2% | +71.2% | – | |
| EPS, diluted | +21.9% | +73.5% | +69.9% | – | |
| Free cash flow | +34.0% | +28.2% | +27.3% | +34.8% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | -74.8% | 4.8% | 15.5% | |
| Return on assets | -21.6% | 1.6% | 7.5% | |
| Current ratio | 1.25 | 1.21 | 1.00 | |
| Debt to equity | – | 0.58 | – | |
| Net debt to EBITDA | – | -0.07× | – | |
| Interest coverage | -11.5× | 6.0× | – | |
| Capex to revenue | 7.6% | 9.3% | 6.5% | |
| Diluted shares | 823M | 1.01B | 1.05B |
Where the cash went
Fiscal 2021 to 2025, five years combined
ServiceNow generated $18.02B from operations and spent $6.43B on capital expenditure, dividends and share buybacks. 52% of that went back into the business.
Generated
$18.02B
Used
$6.43B
Capital expenditure$3.36B52%Dividends$00%Share buybacks$3.07B48%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin13.2%
×Asset turnover0.57×
×Equity multiplier2.06×
=Return on equity, FY202515.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 13.2% | 0.57× | 2.06× | 15.5% |
| FY2024 | 13.0% | 0.58× | 2.19× | 16.5% |
| FY2023 | 19.3% | 0.58× | 2.42× | 27.3% |
| FY2022 | 4.5% | 0.60× | 2.76× | 7.4% |
| FY2021 | 3.9% | 0.60× | 2.99× | 7.0% |
| FY2020 | 2.6% | 0.61× | 2.97× | 4.8% |
| FY2019 | 18.1% | 0.70× | 3.06× | 38.7% |
| FY2018 | -1.0% | 0.70× | 3.93× | -2.8% |
| FY2017 | -6.1% | 0.69× | 4.23× | -17.7% |
| FY2016 | -29.8% | 0.72× | 3.47× | -74.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
5of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero$1.75B
- Cash generatingOperating cash flow above zero$5.44B
- Return on assets improvedROA up on the prior year8.2% → 8.6%
- Earnings backed by cashOperating cash flow above net income$5.44B vs $1.75B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose1.10 → 1.00
- No dilutionShare count did not rise1.04B → 1.05B
- Gross margin improvedGross margin up on the prior year79.18% → 77.53%
- More efficientAsset turnover rose0.63 → 0.65