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
The company holds more cash ($3.7B) than total debt ($1.5B).
Total debt has grown slower than revenue (-1.9% vs 24.1% per year).
Total debt is 0.6× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$13.3B
$1.7B
77.5%
13.7%
13.5%
6.7%
$4.6B
$1.5B
$3.7B
2024
$11.0B
$1.4B
79.2%
12.4%
14.8%
7.0%
$3.4B
—
$2.3B
2023
$9.0B
$1.7B
78.6%
8.5%
22.7%
10.0%
$2.7B
—
$1.9B
2022
$7.2B
$325M
78.3%
4.9%
6.5%
2.4%
$2.2B
—
$1.5B
2021
$5.9B
$230M
77.1%
4.4%
6.2%
2.1%
$1.8B
—
$1.7B
2020
$4.5B
$119M
78.2%
4.4%
4.2%
1.4%
$1.4B
$1.6B
$1.7B
2019
$3.5B
$627M
77.0%
1.2%
29.5%
10.4%
$971M
$695M
$776M
2018
$2.6B
-$27M
76.1%
-1.6%
-2.4%
-0.7%
$587M
—
$566M
2017
$1.9B
-$117M
73.9%
-3.4%
-15.0%
-3.3%
$492M
—
$726M
2016
$1.4B
-$414M
71.3%
-27.5%
-76.6%
-20.4%
$54M
—
$401M
2015
—
-$198M
—
—
-35.0%
-11.0%
$230M
—
$412M
2014
—
-$179M
—
—
-41.8%
-12.6%
$87M
—
$252M
2013
—
-$74M
—
—
-18.7%
-6.3%
$26M
—
$366M
2012
—
-$37M
—
—
-15.3%
-7.8%
$7M
—
$119M
2011
—
$10M
—
—
-16.8%
—
$29M
—
$60M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$4.1B
$277M
70.5%
9.4%
2.1%
0.9%
$748M
$7.5B
$2.4B
Jun '26
$4.0B
$298M
70.7%
4.1%
2.4%
0.9%
$473M
$7.5B
$2.5B
Mar '26
$3.8B
$469M
75.1%
13.3%
4.0%
1.9%
$1.5B
—
$2.7B
Dec '25
$3.6B
$401M
76.6%
12.4%
3.1%
1.5%
$2.0B
$1.5B
$3.7B
Sep '25
$3.4B
$502M
77.3%
16.8%
4.4%
2.3%
$578M
—
$2.7B
Jun '25
$3.2B
$385M
77.5%
11.1%
3.5%
1.7%
$526M
—
$3.1B
Mar '25
$3.1B
$460M
78.9%
14.6%
4.5%
2.2%
$1.5B
—
$3.4B
Dec '24
$3.0B
$384M
78.7%
12.6%
4.0%
1.9%
$1.4B
—
$2.3B
Sep '24
$2.8B
$432M
79.1%
14.9%
4.7%
2.3%
$469M
—
$1.9B
Jun '24
$2.6B
$262M
79.0%
9.1%
3.0%
1.4%
$358M
—
$2.2B
Mar '24
$2.6B
$347M
80.0%
12.8%
4.3%
2.0%
$1.2B
—
$2.1B
Dec '23
$2.4B
$295M
78.8%
11.1%
3.9%
1.7%
$1.3B
—
$1.9B
Sep '23
$2.3B
$242M
78.3%
10.1%
3.4%
1.6%
$175M
—
$1.1B
Jun '23
$2.1B
$1.0B
78.1%
5.4%
15.1%
7.0%
$448M
—
$1.7B
Mar '23
$2.1B
$150M
79.1%
6.9%
2.7%
1.1%
$737M
—
$1.9B
Dec '22
$1.9B
$150M
78.6%
8.0%
3.0%
1.1%
$1.0B
—
$1.5B
Sep '22
$1.8B
$80M
78.2%
5.0%
1.8%
0.7%
$103M
—
$1.2B
Jun '22
$1.8B
$20M
77.8%
1.3%
0.5%
0.2%
$282M
—
$1.7B
Mar '22
$1.7B
$75M
78.6%
5.1%
1.9%
0.7%
$770M
—
$2.3B
Dec '21
$1.6B
$26M
76.8%
2.2%
0.7%
0.2%
$744M
—
$1.7B
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.
The price-to-earnings ratio has fallen from 296.7× (Mar '23) to 62.9× (Nov '26).
The price-to-sales ratio has fallen from 13.3× (Mar '23) to 8.3× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
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 $1.5B 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?
ServiceNow's P/E (TTM) is 76.14 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the NOW stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 62.9× as of Nov '26) can differ. 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), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.