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NOW Financials ServiceNow

15 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →

Growth & profitability

  • Revenue has grown 24.1% per year over the past 5 years.
  • Net income has grown faster than revenue (71.2% vs 24.1% per year).
  • Operating margin has expanded, at 13.7% in the latest year.
  • Free cash flow has grown 27.3% per year over the past 5 years.

Financial health

  • Total debt has grown faster than revenue (136.0% vs 24.1% per year).
Revenue & net income
-$414M $6B $13B $0 2011 2013 2015 2017 2019 2021 2023 2025
RevenueNet income
Margins (gross / operating / net)
-30% 25% 79% 0% 2011 2013 2015 2017 2019 2021 2023 2025
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $2B $5B 2011 2013 2015 2017 2019 2021 2023 2025
Free cash flow
Cash vs total debt
$0 $2B $4B 2011 2013 2015 2017 2019 2021 2023 2025
CashTotal debt
Cash flow: operating / investing / financing
-$3B $1B $5B $0 2011 2013 2015 2017 2019 2021 2023 2025
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2025 $13.3B $1.7B 77.5% 13.7% $4.6B $3.7B
2024 $11.0B $1.4B 79.2% 12.4% $3.4B $2.3B
2023 $9.0B $1.7B 78.6% 8.5% $2.7B $1.9B
2022 $7.2B $325M 78.3% 4.9% $2.2B $1.5B
2021 $5.9B $230M 77.1% 4.4% $1.8B $1.7B
2020 $4.5B $119M 78.2% 4.4% $1.4B $1.6B $1.7B
2019 $3.5B $627M 77.0% 1.2% $971M $695M $776M
2018 $2.6B -$27M 76.1% -1.6% $587M $566M
2017 $1.9B -$117M 73.9% -3.4% $492M $726M
2016 $1.4B -$414M 71.3% -27.5% $54M $401M
2015 -$198M $230M $412M
2014 -$179M $87M $252M
2013 -$74M $26M $366M
2012 -$37M $7M $119M
2011 $10M $29M $60M

Valuation over time

How the market has priced NOW against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.

Price / earnings (P/E)
0.0 223.9 447.8 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 12.1 24.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/S

Frequently asked questions

Is NOW growing its revenue and profit?

Over the past 5 years, ServiceNow's revenue has grown 24.1% per year, and net income grown 71.2% per year. These are computed facts, not advice.

How much debt does NOW have?

As of FY2025, ServiceNow reported — of total debt against $3.7B of cash.

What is NOW's profit margin?

In FY2025, gross margin was 77.5%, operating margin 13.7%, and net margin 13.2%.

What is NOW's P/E ratio?

As of Jun '26, ServiceNow traded at a price-to-earnings ratio of about 53.2× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.

Where does this data come from?

All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.

Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.