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. In the quarter to June 2026, revenue grew 24.0%, EPS fell 22.0%, free cash flow fell 10.1% and total debt rose 404.5%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for ten consecutive years, operating cash flow growth for five; insiders bought in the last twelve months.

141.97 6.60 −4.44%
Market cap
$153.6B
P/E
88.0×
Fwd P/E
56.5×
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 16 October 2026, ServiceNow, Inc. (NOW) trades at a EV/Sales of 10.1×. Over the past ten years it has ranged from 2.4× (January 2015) to 25.7× (September 2021); the current reading is higher than 16% of that period. That is above the Software Application industry median of 2.6× and above the Technology sector median of 2.7×.

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
Jun 2026 7.1× (4.68%)
Mar 2026 7.5× (35.43%)
Dec 2025 11.6× (21.48%)
Sep 2025 14.8× (14.49%)
42 more quarters

Against its own ten years

Low 2.4× High 25.7×
Ten-year median 14.4×
Current reading's percentile 15

EV/Sales against peers

Company EV/Sales
UBER Uber Technologies, Inc. compare 2.7×
ADBE Adobe Inc. compare 3.8×
CRM Salesforce, Inc. compare 5.2×
ADP Automatic Data Processing, Inc. compare 5.4×
SAP SAP SE compare 5.8×
NOW ServiceNow, Inc. 10.1×
SHOP Shopify Inc. compare 16.2×
SNOW Snowflake Inc. compare 19.6×
DDOG Datadog, Inc. compare 21.2×
Software Application industry median 2.6×
Technology sector median 2.7×
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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