ServiceNow, Inc. NOW

135.62 (2.16) (1.57%) as of 25 Sep
Market cap
$142.1B
P/E
84.0×
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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 4.32% and above the Technology sector median of 1.52%.

Free cash flow margin, annual

Annual

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

Low 2.50% High 34.1%
Ten-year median 30.0%
Current reading's percentile 100

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%
CDNS Cadence Design Systems, Inc. compare 28.6%
DDOG Datadog, Inc. compare 27.0%
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 4.32%
Technology sector median 1.52%
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

The full definition of Free cash flow margin →

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