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.
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ServiceNow, Inc. (NOW) Free cash flow margin
ServiceNow, Inc.'s free cash flow margin over the twelve months to 30 June 2026 was 31.1%, down 3.0 percentage points from fiscal 2025 (34.1%). Over the past ten years it has ranged from 2.50% (fiscal 2016) to 34.1% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Application industry median of 5.01% and above the Technology sector median of 1.72%.
Free cash flow margin, annual
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Annual newest first
| Period | Free cash flow margin | Change (points) |
|---|---|---|
| FY2025 | 34.1% | 3.41 |
| FY2024 | 30.7% | 0.62 |
| FY2023 | 30.1% | 0.12 |
| FY2022 | 30.0% | (0.40) |
| FY2021 | 30.4% | 0.43 |
| FY2020 | 30.0% | 4.01 |
| FY2019 | 26.0% | 4.40 |
| FY2018 | 21.6% | (3.77) |
| FY2017 | 25.3% | 22.82 |
| FY2016 | 2.50% | (20.23) |
Against its own ten years
Free cash flow margin against peers
| Company | Free cash flow margin |
|---|---|
| ADBE Adobe Inc. compare | 40.8% |
| CRM Salesforce, Inc. compare | 34.5% |
| NOW ServiceNow, Inc. | 31.1% |
| DDOG Datadog, Inc. compare | 27.0% |
| SAP SAP SE compare | 22.8% |
| SNOW Snowflake Inc. compare | 21.9% |
| ADP Automatic Data Processing, Inc. compare | 21.8% |
| UBER Uber Technologies, Inc. compare | 18.3% |
| SHOP Shopify Inc. compare | 17.7% |
| Software Application industry median | 5.01% |
| Technology sector median | 1.72% |
| Market median | 0.00% |
What Free cash flow margin is
Free Cash Flow Margin tells an investor how much of each sale turns into cash the company keeps after paying for investment in its assets.
(Operating Cash Flow + Property, Plant, Equipment Change (Net) + Intangible Assets Change (Net)) ÷ Revenue
More on NOW
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
- The full statement