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

102.40 6.41 −5.89%
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/Sales

Alert me on EV/Sales

As of 5 November 2026, ServiceNow, Inc. (NOW) trades at a EV/Sales of 7.1×. Over the past ten years it has ranged from 2.4× (January 2015) to 25.7× (September 2021); the current reading is higher than 3% of that period. That is above the Software Application industry median of 2.9× and above the Technology sector median of 2.6×.

EV/Sales, daily

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Annual newest first

Period EV/Sales Change
FY2025 11.6× (40.43%)
FY2024 19.5× 27.55%
FY2023 15.3× 47.66%
FY2022 10.3× (51.92%)
FY2021 21.5× (7.32%)
FY2020 23.2× 55.38%
FY2019 14.9× 25.78%
FY2018 11.9× 3.84%
FY2017 11.4× 31.99%
FY2016 8.7× (33.73%)

Quarterly newest first

Period EV/Sales Change
Sep 2026 9.2× 28.46%
Jun 2026 7.1× (4.68%)
Mar 2026 7.5× (35.43%)
Dec 2025 11.6× (21.48%)
43 more quarters

Against its own ten years

Low 2.4× High 25.7×
Ten-year median 14.4×
Current reading's percentile 1

EV/Sales against peers

Company EV/Sales
UBER Uber Technologies, Inc. compare 2.6×
ADBE Adobe Inc. compare 3.8×
INTU Intuit Inc. compare 4.5×
CRM Salesforce, Inc. compare 4.9×
ADP Automatic Data Processing, Inc. compare 5.6×
NOW ServiceNow, Inc. 7.1×
DDOG Datadog, Inc. compare 13.7×
CDNS Cadence Design Systems, Inc. compare 14.1×
SNOW Snowflake Inc. compare 17.4×
Software Application industry median 2.9×
Technology sector median 2.6×
Market median 2.1×

What EV/Sales is

EV/Sales tells an investor how the value of a whole company, counting its debt and cash, compares with the sales it brings in.

((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)) ÷ Revenue (TTM)

The full definition of EV/Sales →

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