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
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
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
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$3.8B
$469M
75.1%
13.3%
$1.5B
—
$2.7B
Dec '25
$3.6B
$401M
76.6%
12.4%
$2.0B
—
$3.7B
Sep '25
$3.4B
$502M
77.3%
16.8%
$578M
—
$2.7B
Jun '25
$3.2B
$385M
77.5%
11.1%
$526M
—
$3.1B
Mar '25
$3.1B
$460M
78.9%
14.6%
$1.5B
—
$3.4B
Dec '24
$3.0B
$384M
78.7%
12.6%
$1.4B
—
$2.3B
Sep '24
$2.8B
$432M
79.1%
14.9%
$469M
—
$1.9B
Jun '24
$2.6B
$262M
79.0%
9.1%
$358M
—
$2.2B
Mar '24
$2.6B
$347M
80.0%
12.8%
$1.2B
—
$2.1B
Dec '23
$2.4B
$295M
78.8%
11.1%
$1.3B
—
$1.9B
Sep '23
$2.3B
$242M
78.3%
10.1%
$175M
—
$1.1B
Jun '23
$2.1B
$1.0B
78.1%
5.4%
$448M
—
$1.7B
Mar '23
$2.1B
$150M
79.1%
6.9%
$737M
—
$1.9B
Dec '22
$1.9B
$150M
78.6%
8.0%
$1.0B
—
$1.5B
Sep '22
$1.8B
$80M
78.2%
5.0%
$103M
—
$1.2B
Jun '22
$1.8B
$20M
77.8%
1.3%
$282M
—
$1.7B
Mar '22
$1.7B
$75M
78.6%
5.1%
$770M
—
$2.3B
Dec '21
$1.6B
$26M
76.8%
2.2%
$744M
—
$1.7B
Sep '21
$1.5B
$63M
76.9%
4.9%
$226M
$1.6B
$1.4B
Jun '21
$1.4B
$59M
76.7%
3.6%
$209M
$1.6B
$1.4B
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 294.7× (Mar '23) to 53.2× (Jun '26).
The price-to-sales ratio has fallen from 13.2× (Mar '23) to 7.0× (Jun '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 — 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.