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NYSE · Technology · Financials

ServiceNow Inc (NOW) financial statements and cash flow.

Revenue, profitability, balance-sheet strength, and cash generation for NOW. Market data source · as of 2026-06-30.

Section freshness

Price Jul 31, 4:00 PM EDT · Statements Jun 29, 8:00 PM EDT

Financial read

NOW latest financial snapshot.

Start with the latest reported values below. Deeper quarterly and annual statement tables follow when supplied.

Revenue

$3.99B

+24.0% YoY

Net income

$298.00M

-36.5% QoQ

Free cash flow

$473.00M

-69.1% QoQ

Gross margin

70.68%

Gross profit $2.82B

Balance sheet coverage

NOW balance sheet summary

Assets, liabilities, liquidity, debt, and equity sit beside income and cash-flow tables so the statement history reads as one model-ready dataset.

20 quarterly · 4 annual rows · Market data source · as of 2026-06-30

Open balance sheet table

Latest period

Q2 FY2026

20 quarterly · 4 annual rows

Assets / liabilities

$31.67B

Liabilities $19.15B

Cash / debt

$2.50B

Net cash —

Equity / working capital

$12.52B

Working capital -$3.64B

Financial statements

NOW statement coverage.

Income statement, balance sheet, and cash-flow figures for NOW, with quarterly and annual history in the tables below.

Data last updated

Jun 29, 2026

Income periods

Balance-sheet periods

Cash-flow periods

Quarterly and annual NOW statements, sourced from Market data source · as of 2026-06-30.

Financial statement period

NOW statement history

Market data source · as of 2026-06-30 · Data last updated: Jun 29, 2026

ProfitabilityIncome statementRevenue, expenses, margins, and income quality20 quarterly periods Capital structureBalance sheetAssets, liabilities, debt, equity, and share count20 quarterly periods Cash generationCash flowOperating cash flow, CapEx, FCF, buybacks, and dividends20 quarterly periods

Income statement

Quarterly and annual rows for revenue, operating leverage, earnings quality, and margin direction.

8 / 20 Quarterly

Period	Revenue	Gross profit	Operating income	Net income	Net margin	Revenue QoQ	Net income QoQ
Q2 FY2026	$3.99B	$2.82B	$162.00M	$298.00M	7.47%	+5.8%	-36.5%
Q1 FY2026	$3.77B	$2.83B	$503.00M	$469.00M	12.44%	+5.7%	+17.0%
Q4 FY2025	$3.57B	$2.73B	$443.00M	$401.00M	11.24%	+4.7%	-20.1%
Q3 FY2025	$3.41B	$2.63B	$572.00M	$502.00M	14.73%	+6.0%	+30.4%
Q2 FY2025	$3.21B	$2.49B	$358.00M	$385.00M	11.98%	+4.1%	-16.3%
Q1 FY2025	$3.09B	$2.44B	$451.00M	$460.00M	14.90%	+4.4%	+19.8%
Q4 FY2024	$2.96B	$2.33B	$374.00M	$384.00M	12.99%	+5.7%	-11.1%
Q3 FY2024	$2.80B	$2.21B	$418.00M	$432.00M	15.45%	+6.5%	+64.9%

Balance sheet

Balance-sheet history for assets, liabilities, liquidity, debt, equity, and shares outstanding.

8 / 20 Quarterly

Period	Cash	Current assets	Current liabilities	Total assets	Total liabilities	Total equity
Q2 FY2026	$2.50B	$8.51B	$12.15B	$31.67B	$19.15B	$12.52B
Q1 FY2026	$2.70B	$8.44B	$9.98B	$24.38B	$12.65B	$11.73B
Q4 FY2025	$3.73B	$10.47B	$10.44B	$26.04B	$13.07B	$12.96B
Q3 FY2025	$2.73B	$8.36B	$7.87B	$21.79B	$10.49B	$11.30B
Q2 FY2025	$3.12B	$9.28B	$8.49B	$22.05B	$11.12B	$10.93B
Q1 FY2025	$3.37B	$9.27B	$8.26B	$20.97B	$10.83B	$10.14B
Q4 FY2024	$2.30B	$9.19B	$8.36B	$20.38B	$10.77B	$9.61B
Q3 FY2024	$1.89B	$7.70B	$6.79B	$18.43B	$9.14B	$9.29B

Cash flow

Operating cash generation, capital expenditure, free cash flow, buybacks, dividends, and cash movement.

8 / 20 Quarterly

Period	Operating cash flow	CapEx	Free cash flow	Net income	Buybacks	FCF QoQ
Q2 FY2026	$587.00M	$114.00M	$473.00M	$298.00M	—	-69.1%
Q1 FY2026	$1.67B	$141.00M	$1.53B	$469.00M	$2.23B	-23.5%
Q4 FY2025	$2.24B	$238.00M	$2.00B	$401.00M	$597.00M	+246.0%
Q3 FY2025	$813.00M	$235.00M	$578.00M	$502.00M	$584.00M	+9.9%
Q2 FY2025	$716.00M	$190.00M	$526.00M	$385.00M	$361.00M	-64.3%
Q1 FY2025	$1.68B	$205.00M	$1.47B	$460.00M	$298.00M	+6.5%
Q4 FY2024	$1.64B	$253.00M	$1.38B	$384.00M	$296.00M	+194.7%
Q3 FY2024	$671.00M	$202.00M	$469.00M	$432.00M	$225.00M	+31.0%

Valuation and returns

Enterprise value: $112.49B; TECHi computed

Return on equity: 13.34%; Market data source

Return on assets: 5.27%; Market data source

Ratio values use provider-attributed fields when available and otherwise fall back to TECHi statement math from the visible rows on this page.

Annual revenue and income multiples

Annual sales and income multiple reads use the latest annual statement when available, then fall back to trailing-twelve-month statement math from the visible quarterly rows.

Annual revenue base: $13.28B; Annual statement 2025-12-31

Annual income base: $1.75B; Annual statement 2025-12-31

Market cap / annual revenue: 8.66; Live market value divided by annual revenue

Market cap / annual income: 65.79; Live market value divided by annual net income

Annual sales and income multiple

EV / annual revenue8.47

EV / annual operating income61.67

Market capitalization bridge

Market cap / annual revenue8.66

Market cap / annual income65.79

TTM valuation multiples

TTM revenue: $14.73B; Trailing twelve months

TTM EBIT: $1.68B; TTM operating income

Market cap / TTM revenue: 7.81; Live market value divided by trailing twelve months revenue

EV / TTM revenue: 7.64; Enterprise value divided by trailing twelve months revenue

Live market value is matched against trailing-twelve-month statement bases first so the multiple moves with the tape instead of anchoring to stale fiscal-year rows.

Profit multiples

Market cap / TTM net income68.86

EV / TTM EBIT66.96

Revenue, net income, and free cash flow

Revenue$3.99BNet income$298.00MFree cash flow$473.00M

Q1 FY2025Q4 FY2025Q2 FY2026

Quarterly statement rows, shown on one common dollar scale so margin compression and cash conversion stand out quickly.

Efficiency

Growth vs cost pressure

Revenue growth YoY+24.0%

Operating expense growth YoY+24.5%

Cash conversion

FCF margini31.09%

CapEx / revenuei4.94%

FCF / EBITi2.73

TTM free cash flow / TTM operating income

Quarterly margin heatmap

Gross margin

Q1 FY2025

78.92%

Q2 FY2025

77.48%

Q3 FY2025

77.28%

Q4 FY2025

76.63%

Q1 FY2026

75.07%

Q2 FY2026

70.68%

Operating margin

Q1 FY2025

14.60%

Q2 FY2025

11.14%

Q3 FY2025

16.79%

Q4 FY2025

12.42%

Q1 FY2026

13.34%

Q2 FY2026

4.06%

Net margin

Q1 FY2025

14.90%

Q2 FY2025

11.98%

Q3 FY2025

14.73%

Q4 FY2025

11.24%

Q1 FY2026

12.44%

Q2 FY2026

7.47%

Latest quarter expense mix

Cost of revenue$1.17B

Operating expenses$2.66B

R&D$915.00M

Profit bridge

EBIT$162.00M

Pretax income$438.00M

Tax expense$140.00M

Other income statement lines

Income before tax$438.00M

Income tax expense$140.00M

Balance sheet · Q2 FY2026

Cash & equivalents: $2.50B

Total equity: $12.52B

Balance sheet detail

Current assets: $8.51B

Current liabilities: $12.15B

Receivables: $2.20B

Property, plant & equipment: $2.18B

Debt and liquidity

Quick ratioi0.39

Cash + short-term investments + receivables / current liabilities

Cash generation

Operating cash flow: $587.00M

Capital expenditure: $114.00M

Free cash flow: $473.00M

Cash-flow detail

Depreciation & amortization: $407.00M

Investing cash flow: -$6.65B

Financing cash flow: $5.87B

Cash flow read

NOW converts most of its earnings into cash.

Free cash flow of $473.00M versus $298.00M of reported net income means accruals aren't doing much heavy lifting — the cash is showing up alongside the earnings. That's the cleanest profile a fundamentals desk wants to see.

Frequently asked

Common questions.

What financial data is available for NOW?

The NOW Financials page renders only the current income-statement, balance-sheet, cash-flow, or fund rows supplied for ServiceNow Inc. Missing modules and empty line items are omitted.

How current are NOW's financial statements?

Each visible statement row keeps its reported period and provider attribution. The route redirects to the main quote when no usable financial or fund data remains.

What is ServiceNow Inc's reported net margin?

ServiceNow Inc's fresh reported margin field is 11.34%. The Financials page shows the supporting period data currently available for NOW.