analyzeportfolio
NYSE · Technology

ServiceNow, Inc. (NOW)

As-reported financials and SEC filings for ServiceNow, Inc. The latest annual period is FY2025. The latest reported quarter is Q2 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About ServiceNow, Inc.

ServiceNow, Inc. provides a cloud-based AI platform that helps organizations automate workflows, integrate systems, and manage artificial intelligence securely across various departments. Its products include AI-powered applications and tools for technology, customer relationship management, industry-specific solutions, and core business functions such as HR, legal, finance, supply chain, and facilities. ServiceNow serves public and private organizations aiming to improve collaboration, productivity, and operational efficiency through digital transformation.

Snapshot

Revenue
$13.28B
Revenue growth (YoY)
20.9%
Net income
$1.75B
Diluted EPS
$1.67
Gross margin
77.5%
Operating margin
13.7%
Net margin
13.2%
FCF margin
34.5%
ROE
13.5%
net income / fiscal-year-end equity
P/E
99.4×
trailing when available, otherwise FY EPS
Market cap
$164.34B
Long-term debt / equity
0.12×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended December 31, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at ServiceNow

  • Revenue grew 20.9% to $13.3B in FY2025, in line with the 22.4% the year before.
  • Operating margin is 13.7% in FY2025, +9.4 pp against 4.4% in FY2021.
  • Most recent quarter Q2 FY2026: revenue $4.0B, up 24.0% from Q2 FY2025.
  • Free cash flow was $4.6B in FY2025, 34.5% of revenue.
  • Net income rose 22.7% to $1.7B in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where ServiceNow’s fundamentals sit among the 333 software companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin77.5%
76th percentile of 265
Operating margin13.7%
77th percentile of 303
Net margin13.2%
74th percentile of 307
FCF margin34.5%
92nd percentile of 285
Revenue growth (YoY)+20.9%
75th percentile of 326
ROE13.5%
70th percentile of 287
P/E99.4×
93rd percentile of 162
Long-term debt / equity0.12×
23rd percentile of 126
Short interest2.66d
37th percentile of 331

ServiceNow’s P/E of 99.4 ranks in the 93rd percentile of the 162 peers with a meaningful P/E. ServiceNow’s FCF margin of 34.5% ranks in the 92nd percentile of the 285 software companies reporting it.

No reported insider purchases (code P) in the last 90 days; 4 insider sales totaling $1.9M. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among industry peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 6 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
6
+5 quant / multi-strat
Initiated / added
5
1 new, 4 added
Reduced / exited
8
6 trimmed, 2 exited
Combined position
$2.10B
reported long value
InvestorAs ofPosition valueSharesChange
Polen Capital ManagementQ2 2026$533.2M5.4MReduced
AQR Capital ManagementquantQ2 2026$474.2M4.8MReduced
Citadel AdvisorsquantQ2 2026$426.8M4.3MAdded
Millennium ManagementquantQ2 2026$279.8M2.8MAdded
Akre Capital ManagementQ2 2026$123.7M1.2MAdded
Tiger Global ManagementQ2 2026$86.7M873.5KReduced
D. E. ShawquantQ2 2026$83.6M842.0KReduced
Bridgewater AssociatesQ2 2026$63.1M635.4KNew
Gotham Asset ManagementQ2 2026$15.2M153.5KAdded
Two Sigma InvestmentsquantQ2 2026$10.1M102.2KReduced
Soros Fund ManagementQ2 2026$4.8M48.6KReduced

No longer held by: Renaissance Technologies (as of Q2 2026), Sands Capital Management (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
—
code P value
Sells (90d)
4
$1.9M
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-08-31
filed 2026-09-01
Paul FippsPresident, Global Customer OpsSell2.0K$147.87$301K
2026-08-28
filed 2026-09-01
Jacqueline P. CanneyChief People & AI Enblmt. Off.Sell7.8K$138.00$1.1M
2026-08-27
filed 2026-08-31
Paul Edward ChamberlainDirectorSell2.7K$135.50$366K
2026-08-13
filed 2026-08-17
Paul Edward ChamberlainDirectorSell1.5K$125.60$188K
2026-05-28
filed 2026-06-01
Teresa BriggsDirectorSell1.6K$108.70$173K
2026-05-18
Paul FippsPresident, Global Customer OpsSell1.0K$98.51$103K
2026-05-14
filed 2026-05-18
Anita M. SandsDirectorSell16.4K$90.14$1.5M
2026-05-14
filed 2026-05-18
Paul Edward ChamberlainDirectorSell1.5K$87.23$131K
2026-05-08
filed 2026-05-12
Paul FippsPresident, Global Customer OpsSell151$90.47$14K
2026-04-24
filed 2026-04-28
Jacqueline P. CanneyChief People & AI Enblmt. Off.Sell8.9K$89.60$800K

Reported non-derivative purchases and sales (codes P/S), which may be open-market or private. Excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
29.7M
settled 2026-09-30
Change vs prior
+3.1%
vs previous settlement
Days to cover
2.66
at avg daily volume
Avg daily volume
11.2M
FINRA reported
SettlementShares shortChangeDays to cover
2026-09-3029.7M+3.1%2.66
2026-09-1528.8M-5.1%1.99
2026-08-3130.3M+3.8%1.61
2026-08-1429.2M-20.6%1.59
2026-07-3136.8M-34.0%1.24
2026-07-1555.7M-10.3%3.10
2026-06-3062.1M+4.4%2.43
2026-06-1559.5M-2.5%1.83

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$13.28B$10.98B$8.97B$7.25B$5.90B
Gross profit
Operating income$1.82B$1.36B$762.0M$355.0M$257.0M
Pre-tax income$2.26B$1.74B$1.01B$399.0M$249.0M
Net income$1.75B$1.43B$1.73B$325.0M$230.0M
Diluted EPS$1.67$1.37$1.68

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Balance sheet (as reported)

 FY2025FY2024FY2023FY2022FY2021
Cash and equivalents$3.73B$2.30B$1.90B$1.47B$1.73B
Current assets$10.47B$9.19B$7.78B$6.65B$5.22B
Total assets$26.04B$20.38B$17.39B$13.30B$10.80B
Current liabilities$10.44B$8.36B$7.37B$6.00B$4.95B
Long-term debt$1.49B————
Total liabilities$13.07B$10.77B$9.76B$8.27B$7.10B
Total equity$12.96B$9.61B$7.63B$5.03B$3.69B

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$5.44B$4.27B$3.40B$2.72B$2.19B
Capital expenditure$868.0M$852.0M$694.0M$550.0M$392.0M
Free cash flow

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures (free cash flow is operating cash flow minus capital expenditures, which can differ from a company’s own definition); “adj” means restated for a stock split (tap or hover a figure to see how it was calculated or what was filed). Diluted EPS includes discontinued operations where a company reports them. Cash & Equivalents excludes short-term investments and may include restricted cash where that is the figure the company tags. Full details: where the numbers come from.

Quarterly trend

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q2 FY2026$3.99B24.0%$298.0M$0.29
Q1 FY2026$3.77B22.1%$469.0M$0.45
Q4 FY202520.7%—
Q3 FY2025$3.41B21.8%$502.0M—
Q2 FY2025$3.21B22.4%$385.0M$0.37
Q1 FY2025$3.09B18.6%$460.0M$0.44
Q4 FY202421.3%—
Q3 FY2024$2.80B22.2%$432.0M—

Latest 8 quarters, from company XBRL filings on SEC EDGAR. A dotted underline marks a fourth-quarter figure we calculated from the full year and the first nine months. Revenue YoY is our calculation too: each quarter against the same quarter a year earlier.

Company facts

ExchangeNYSE
SectorTechnology
SIC industryServices-Prepackaged Software
Latest annual periodFY2025 (ended December 31, 2025)
Latest reported quarterQ2 FY2026 (ended June 30, 2026)
Oldest indexed filing2022
SEC CIK1373715

Selected SEC filings

10-K2026-01-29
View on EDGAR →
10-K2025-01-30
View on EDGAR →
10-Q2026-07-23
View on EDGAR →
10-Q2026-04-23
View on EDGAR →
10-Q2025-10-30
View on EDGAR →
10-Q2025-07-24
View on EDGAR →
8-K2026-07-22
View on EDGAR →
8-K2026-05-22
View on EDGAR →

Largest software peers

All software stocks →All Technology companies →

NOW head to head

Monitor NOW

Get an alert when ServiceNow files something material, see which superinvestors own it, and ask its filings a question with cited answers.

Monitor NOW free

Includes one free filing-grounded research answer. Or check your whole portfolio, no account needed.

Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.