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

101.59 0.77 −0.75%
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) Operating margin

Alert me on Operating margin

ServiceNow, Inc.'s operating margin over the twelve months to 30 September 2026 was 9.68%, down 4.1 percentage points from fiscal 2025 (13.7%). Over the past ten years it has ranged from −27.5% (fiscal 2016) to 13.7% (fiscal 2025) — the current reading is the highest in ten years. That is above the Software Application industry median of 0.00% and above the Technology sector median of 0.02%.

Operating margin, annual

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Annual newest first

Period Operating margin Change (points)
FY2025 13.7% 1.32
FY2024 12.4% 3.93
FY2023 8.49% 3.59
FY2022 4.90% 0.54
FY2021 4.36% (0.04)
FY2020 4.40% 3.19
FY2019 1.21% 2.84
FY2018 −1.63% 1.73
FY2017 −3.36% 24.11
FY2016 −27.5% (10.92)

Quarterly newest first

Period Operating margin Change (points)
Sep 2026 9.38% 5.32
Jun 2026 4.06% (9.28)
Mar 2026 13.3% 0.92
Dec 2025 12.4% (4.37)
43 more quarters

Against its own ten years

Low −27.5% High 13.7%
Ten-year median 4.36%
Current reading's percentile 77

Operating margin against peers

Company Operating margin
ADBE Adobe Inc. compare 35.7%
CDNS Cadence Design Systems, Inc. compare 28.9%
INTU Intuit Inc. compare 27.4%
ADP Automatic Data Processing, Inc. compare 26.5%
CRM Salesforce, Inc. compare 19.9%
UBER Uber Technologies, Inc. compare 12.4%
NOW ServiceNow, Inc. 9.68%
DDOG Datadog, Inc. compare 2.26%
SNOW Snowflake Inc. compare −22.8%
Software Application industry median 0.00%
Technology sector median 0.02%
Market median 0.00%

What Operating margin is

EBIT Margin tells an investor how much operating profit, before interest and taxes, a company keeps from each unit of revenue.

EBIT ÷ Revenue

The full definition of Operating margin →

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