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) P/S ratio

Alert me on P/S ratio

As of 16 October 2026, ServiceNow, Inc. (NOW) trades at a P/S ratio of 9.9×. Over the past ten years it has ranged from 2.7× (January 2015) to 26.0× (September 2021); the current reading is higher than 12% of that period. That is above the Software Application industry median of 2.7× and above the Technology sector median of 2.7×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2025 12.0× (39.79%)
FY2024 19.9× 26.98%
FY2023 15.6× 45.96%
FY2022 10.7× (50.85%)
FY2021 21.8× (7.28%)
FY2020 23.5× 54.60%
FY2019 15.2× 25.34%
FY2018 12.1× 3.25%
FY2017 11.8× 31.37%
FY2016 8.9× (33.24%)

Quarterly newest first

Period P/S ratio Change
Jun 2026 7.0× (10.35%)
Mar 2026 7.8× (35.19%)
Dec 2025 12.0× (20.71%)
Sep 2025 15.1× (14.60%)
42 more quarters

Against its own ten years

Low 2.7× High 26.0×
Ten-year median 14.7×
Current reading's percentile 11

P/S ratio against peers

Company P/S ratio
UBER Uber Technologies, Inc. compare 2.6×
ADBE Adobe Inc. compare 3.7×
CRM Salesforce, Inc. compare 4.5×
ADP Automatic Data Processing, Inc. compare 5.3×
SAP SAP SE compare 5.8×
NOW ServiceNow, Inc. 9.9×
SHOP Shopify Inc. compare 16.5×
SNOW Snowflake Inc. compare 19.7×
DDOG Datadog, Inc. compare 22.2×
Software Application industry median 2.7×
Technology sector median 2.7×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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