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NOW ServiceNow, Inc.

NYSETechnologyServices-Prepackaged SoftwareSanta Clara, CAFY ends December 31

Profitable 5/5: Fiscal years with net income above zero, out of the last five reported.FY2025 10-K filed Jan 29, 2026 (SEC EDGAR)

FY2025 at a glance

Fundamentals from SEC filings, not quotes
Revenue
$13.3BYoYup 20.88%ended Dec 31, 2025
Net income
$1.75B13.2% margin
Diluted EPS
$1.67YoY—
Free cash flow
$4.58B34.5% margin
Cash
$3.73B
Total debt
—
About ServiceNow, Inc.

Overview

ServiceNow, Inc. (NOW) is listed on NYSE; the SEC classifies it under "Services-Prepackaged Software".

For fiscal 2025 (ended Dec 31, 2025) it reported revenue of $13.28B, up 20.9% from fiscal 2024.

Net income was $1.75B, a net margin of 13.2%.

At fiscal year end it had total assets of $26.04B and stockholders' equity of $12.96B (49.8% of assets).

Fiscal years shown
FY2016–FY2025 (10 years)
Latest 10-K
Jan 29, 2026
Latest filing
10-QOct 28, 2026
FY2016–FY2025 · annual 10-K

Charts

Revenue and net income

Revenue and net income, fiscal years FY2016 to FY2025.
PeriodRevenueNet incomeNet margin
FY2016$1.39B-$452M-32.5%
FY2017$1.93B-$149M-7.7%
FY2018$2.61B-$26.7M-1.0%
FY2019$3.46B$627M18.1%
FY2020$4.52B$119M2.6%
FY2021$5.9B$230M3.9%
FY2022$7.25B$325M4.5%
FY2023$8.97B$1.73B19.3%
FY2024$11B$1.43B13.0%
FY2025$13.3B$1.75B13.2%

Gross, operating and net margin

Gross, operating and net margin, fiscal years FY2016 to FY2025.
PeriodGross marginOperating marginNet margin
FY201671.3%-30.4%-32.5%
FY201774.1%-5.2%-7.7%
FY201876.1%-1.6%-1.0%
FY201977.0%1.2%18.1%
FY202078.2%4.4%2.6%
FY202177.1%4.4%3.9%
FY202278.3%4.9%4.5%
FY202378.6%8.5%19.3%
FY202479.2%12.4%13.0%
FY202577.5%13.7%13.2%

Diluted EPS

Diluted EPS, fiscal years FY2016 to FY2025.
PeriodEPS (diluted)
FY2016—
FY2017—
FY2018—
FY2019$3.18
FY2020$0.59
FY2021$1.13
FY2022$1.60
FY2023$8.42
FY2024$6.84
FY2025$1.67

Free cash flow vs net income

Free cash flow vs net income, fiscal years FY2016 to FY2025.
PeriodFree cash flowNet income
FY2016$54.4M-$452M
FY2017$492M-$149M
FY2018$587M-$26.7M
FY2019$971M$627M
FY2020$1.37B$119M
FY2021$1.8B$230M
FY2022$2.17B$325M
FY2023$2.7B$1.73B
FY2024$3.42B$1.43B
FY2025$4.58B$1.75B

Diluted shares

Diluted shares, fiscal years FY2016 to FY2025.
PeriodDiluted shares (weighted)
FY2016—
FY2017—
FY2018—
FY2019197M
FY2020202M
FY2021203M
FY2022204M
FY2023206M
FY2024208M
FY20251.05B

Cash vs total debt

Cash vs total debt, fiscal years FY2016 to FY2025.
PeriodCash & equivalents
FY2016$401M
FY2017$726M
FY2018$566M
FY2019$776M
FY2020$1.68B
FY2021$1.73B
FY2022$1.47B
FY2023$1.9B
FY2024$2.3B
FY2025$3.73B

Each bar is one fiscal year as reported in its 10-K; bars below the zero line are negative and gaps are years not reported. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

FY2025 · 5-year trend

Ratios

Profitability

Gross margin
77.5%
Operating margin
13.7%
Net margin
13.2%
FCF margin
34.5%
Return on equity
15.5%
Return on assets
7.5%

Growth

Growth. Compound annual growth: (end ÷ start)^(1 ÷ years) − 1, both ends positive.
Metric1y3y CAGR5y CAGR9y CAGR
Revenueup 20.88%up 22.38%up 24.05%—
EPS (diluted)————
Free cash flowup 34.00%up 28.18%up 27.33%up 63.65%
Change in share count
—

Financial strength

Current ratio
1×
Liabilities / assets
50.2%
Interest coverage
—
Equity / assets
49.8%

Shareholder returns

Buybacks
$1.84B
Stock comp. / revenue
14.7%
Piotroski F-Score · Altman Z''-Score

Quality screens

Piotroski F-Score

5 of 7 checks passed

FY2025 vs FY2024

Partial: 7 of 9 checks could be computed.

  • PassPositive return on assets8.6%
  • PassPositive operating cash flow$5.44B
  • PassReturn on assets improved8.6% vs 8.2%
  • PassOperating cash flow above net income26.7% vs 8.6%
  • —Not computableLong-term debt / assets fell—
  • FailCurrent ratio improved1× vs 1.1×
  • —Not computableNo increase in share count—
  • FailGross margin improved77.5% vs 79.2%
  • PassAsset turnover improved0.65× vs 0.63×

Altman Z''-Score

Grey zone (1.10–2.60)

FY2025

Altman Z''-Score: Components
ComponentsRatioWeightPoints
Working capital / assets0.001×6.560.01
Retained earnings / assets0.201×3.260.66
Operating income / assets0.070×6.720.47
Equity / liabilities0.992×1.051.04
Z''2.18

Screening heuristic, not a recommendation. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Last 10 fiscal years · newest first

Financial statements

USD millions, except per-share figures (USD). Share counts in millions.

Income statement

Income statement. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Revenue13,27810,9848,9717,2455,8964,5193,4602,6091,9331,391
YoY (Revenue)+20.88%+22.44%+23.82%+22.88%+30.46%+30.60%+32.64%—+39.02%—
Gross profit10,2958,6977,0505,6724,5433,5322,6641,9861,433992
Research & development2,9602,5432,1241,7681,3971,024748530378285
Operating income1,8241,36476235525719942.1-42.4-101-423
Interest expense———272832.733.352.753.433.3
Pretax income2,2611,7381,00839924914967.2-39-149-450
Income tax513313-723741930.7-560-12.30.131.75
Net income1,7481,4251,731325230119627-26.7-149-452
YoY (Net income)+22.67%-17.68%+432.62%+41.22%+94.21%-81.09%————
EPS (basic)1.696.928.481.611.160.613.36———
EPS (diluted)1.676.848.421.601.130.593.18———
YoY (EPS (diluted))—-18.76%+426.25%+41.59%+91.53%-81.45%————
Diluted shares (weighted)1,047208206204203202197———

Balance sheet

Balance sheet. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Cash & equivalents3,7262,3041,8971,4701,7281,677776566726401
Receivables2,6272,2402,0361,7251,3901,009835575435323
Current assets10,4719,1877,7776,6545,2204,5222,8272,3452,4111,343
Goodwill3,5781,2731,23182477724115714912982.5
Intangible assets1,12120922423228715314410186.965.9
Total assets26,03820,38317,38713,29910,7988,7156,0223,8793,3982,034
Current liabilities10,4438,3587,3656,0054,9493,7372,7532,0132,1011,071
Short-term debt———092—————
Total liabilities13,07410,7749,7598,2677,1035,8813,8942,7682,8141,647
Retained earnings5,2423,4942,069338-4-234-352-979-1,147-997
Stockholders' equity12,9649,6097,6285,0323,6952,8342,1281,111584387
Shares outstanding1,047206205203200196189180174167

Cash flow

Cash flow. USD millions, except per-share figures (USD). Share counts in millions.
MetricFY2025Dec 31, 2025FY2024Dec 31, 2024FY2023Dec 31, 2023FY2022Dec 31, 2022FY2021Dec 31, 2021FY2020Dec 31, 2020FY2019Dec 31, 2019FY2018Dec 31, 2018FY2017Dec 31, 2017FY2016Dec 31, 2016
Operating cash flow5,4444,2673,3982,7232,1911,7871,236811643160
Capital expenditures868852694550392419265224151106
Free cash flow4,5763,4152,7042,1731,7991,36797158749254.4
YoY (Free cash flow)+34.00%+26.29%+24.44%+20.79%+31.58%+40.80%+65.54%+19.16%+805.67%—
Depreciation & amortization73856456243347233625215011483.1
Stock-based compensation1,9551,7461,6041,4011,131870662544394318
Share repurchases1,840696538———0055—
Key financials (annual, 10-K)

Values as reported in each fiscal year's Form 10-K (XBRL data on SEC EDGAR); growth and ratios are computed from those values. Revenue is the total revenue figure the company tagged (omitted when the only figure tagged is evidently partial, e.g. below net income); growth is only shown between consecutive ~12-month fiscal years reported with the same revenue measure. Per-share figures and share counts are as reported and not adjusted for later stock splits. — = not reported.

FY2025 · per diluted weighted share

Per share and valuation context

EPS (diluted)
$1.67
Revenue per share
$12.69
FCF per share
$4.37
Book value per share
$12.39
Tangible book per share
$7.90
Cash per share
$3.56
Public floatas of Jun 30, 2025
$176B

Price ratios need a live quote. This page shows no stock prices. Per-share figures are as reported, not adjusted for stock splits; comparisons across a likely split are left blank.

Price ratio calculator

Type a share price to compute ratios from the latest 10-K figures. Nothing is stored or sent. (FY2025)

Market capPrice × diluted weighted shares
—
P/EPrice ÷ diluted EPS
—
P/BPrice ÷ book value per share
—
P/SPrice ÷ revenue per share
—
P/FCFPrice ÷ FCF per share
—
Dividend yieldDividends per share ÷ price
—
SEC EDGAR

Filing timeline

  1. 10-Q
    Quarterly report· Sep 30, 2026(SEC EDGAR)
  2. 8-K/A
    Current report (amendment)· Oct 28, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  3. 8-K
    Current report· Oct 28, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  4. 10-Q
    Quarterly report· Jun 30, 2026(SEC EDGAR)
  5. 8-K
    Current report· Jul 22, 2026(SEC EDGAR)
    • 2.02Results of operations
    • 9.01Financial statements and exhibits
  6. 8-K
    Current report· May 21, 2026(SEC EDGAR)
    • 5.02Officer or director changes
    • 5.07Shareholder vote results
    • 9.01Financial statements and exhibits
  7. 8-K
    Current report· May 12, 2026(SEC EDGAR)
    • 1.01Material agreement
    • 2.03New financial obligation
    • 8.01Other events
    • 9.01Financial statements and exhibits
  8. 10-Q
    Quarterly report· Mar 31, 2026(SEC EDGAR)
  9. 8-K
    Current report· Apr 17, 2026(SEC EDGAR)
    • 1.01Material agreement
    • 2.02Results of operations
    • 2.03New financial obligation
    • 9.01Financial statements and exhibits
  10. DEF 14A
    Proxy statement· May 21, 2026(SEC EDGAR)
All filings on SEC EDGAR
SIC 7372 · Services-Prepackaged Software

Peers (same SIC code)

Peers (same SIC code)
TickerRevenue (FY)YoYNet marginROEF-Score5y revenue
MSFTMICROSOFT CORP$332B—40.3%———
ORCLORACLE CORP$67.4B—25.4%———
CRMSalesforce, Inc.$41.5Bup 9.58%18.0%12.4%7/9
NOWServiceNow, Inc. (This company)$13.3Bup 20.88%13.2%15.5%—
SHOPSHOPIFY INC.$11.6B—10.7%———
CRWDCrowdStrike Holdings, Inc.$4.81B—-3.4%———
SNOWSnowflake Inc.$4.68Bup 29.16%-28.4%-54.1%—
PLTRPalantir Technologies Inc.$4.48B—36.3%———
SAPSAP SE——————
Peer median$11.6Bup 19.37%18.0%-20.8%7/9—

Companies with the same 4-digit SIC code, ordered by latest revenue. The median excludes this company. — = not reported or not computable.

Frequently asked questions

What does ServiceNow, Inc. do?

The SEC classifies ServiceNow, Inc. under Standard Industrial Classification (SIC) code 7372, "Services-Prepackaged Software". It is headquartered in Santa Clara, CA. It is incorporated in DE. In fiscal 2025 it reported revenue of $13.28B and net income of $1.75B in its annual 10-K report.

What was ServiceNow, Inc.'s revenue in 2025?

ServiceNow, Inc. reported revenue of $13.28B for fiscal 2025, which ended Dec 31, 2025, up 20.9% from $10.98B in fiscal 2024, according to its annual 10-K report filed with the SEC on Jan 29, 2026.

What was ServiceNow, Inc.'s net income in 2025?

ServiceNow, Inc. reported net income of $1.75B for fiscal 2025, a net margin of 13.2% of revenue.

Where is ServiceNow, Inc. listed?

According to the SEC, ServiceNow, Inc.'s ticker NOW is listed on NYSE.

When does ServiceNow, Inc.'s fiscal year end?

According to the SEC, ServiceNow, Inc.'s fiscal year ends on December 31; its latest reported fiscal year (2025) ended Dec 31, 2025.

Source: SEC EDGAR · Last updated:

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Not investment advice: This page shows financial data that companies reported to the US Securities and Exchange Commission, for information only. It is not investment advice or a recommendation to buy or sell any security, and it shows no stock prices. Data may be incomplete, restated or out of date — check the original filings on SEC EDGAR before making decisions.