ServiceNow, Inc.

NOW Technology Software Application

ServiceNow, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $13.3 billion, up 20.9% from fiscal 2024.

Revenue
+20.5%
EPS
−44.2%
Free cash flow
+31.5%
Total debt
+404.6%

Quarter to September 2026, against a year earlier

102.17 0.19 −0.19%
Market cap
$106.3B
P/E
73.1×
Fwd P/E
73.2×
Dividend yield
—
F-score
4/9
Altman Z
8.31
Beneish M
−2.90
Dividend safety
n/a

ServiceNow, Inc. (NOW) EV/EBITDA

Alert me on EV/EBITDA

As of 5 November 2026, ServiceNow, Inc. (NOW) trades at a EV/EBITDA of 31.6×. Over the past ten years it has ranged from 0.0× (March 2017) to 156× (June 2019); the current reading is higher than 21% of that period. That is above the Software Application industry median of 15.5× and above the Technology sector median of 14.5×.

EV/EBITDA, daily

Embed this chart

Annual newest first

Period EV/EBITDA Change
FY2025 48.4× (43.94%)
FY2024 86.4× 12.37%
FY2023 76.9× 17.52%
FY2022 65.4× (47.26%)
FY2021 124× (8.16%)
FY2020 135× 29.28%
FY2019 104× 2.20%
FY2018 102× (5.96%)
FY2017 109× —
FY2016 0.0× —

Quarterly newest first

Period EV/EBITDA Change
Sep 2026 41.1× 33.50%
Jun 2026 30.8× (1.26%)
Mar 2026 31.2× (35.61%)
Dec 2025 48.4× (21.50%)
43 more quarters

Against its own ten years

Low 0.0× High 156×
Ten-year median 84.8×
Current reading's percentile 21

EV/EBITDA against peers

Company EV/EBITDA
SNOW Snowflake Inc. compare n/m
ADBE Adobe Inc. compare 9.7×
CRM Salesforce, Inc. compare 14.4×
INTU Intuit Inc. compare 14.5×
ADP Automatic Data Processing, Inc. compare 16.3×
UBER Uber Technologies, Inc. compare 19.7×
NOW ServiceNow, Inc. 31.6×
CDNS Cadence Design Systems, Inc. compare 40.1×
DDOG Datadog, Inc. compare 488×
Software Application industry median 15.5×
Technology sector median 14.5×
Market median 10.9×

What EV/EBITDA is

Enterprise Value over EBITDA tells an investor how the market values a whole company, with debt added and cash taken off, against its operating earnings.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ EBITDA (TTM)

The full definition of EV/EBITDA →

More on NOW