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) Operating margin

Alert me on Operating margin

ServiceNow, Inc.'s operating margin over the twelve months to 30 June 2026 was 11.4%, down 2.3 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 0.00%.

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)
Jun 2026 4.06% (9.28)
Mar 2026 13.3% 0.92
Dec 2025 12.4% (4.37)
Sep 2025 16.8% 5.65
42 more quarters

Against its own ten years

Low −27.5% High 13.7%
Ten-year median 4.36%
Current reading's percentile 83

Operating margin against peers

Company Operating margin
ADBE Adobe Inc. compare 35.7%
SAP SAP SE compare 26.7%
ADP Automatic Data Processing, Inc. compare 26.3%
CRM Salesforce, Inc. compare 19.9%
SHOP Shopify Inc. compare 13.9%
UBER Uber Technologies, Inc. compare 12.1%
NOW ServiceNow, Inc. 11.4%
DDOG Datadog, Inc. compare 0.41%
SNOW Snowflake Inc. compare −22.8%
Software Application industry median 0.00%
Technology sector median 0.00%
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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