Cash flow ServiceNow, Inc.

Equities

NOW

US81762P1021

Software

Market Closed - Nyse Other stock markets 21:00:02 16/04/2026 BST			5-day change	1st Jan Change
96.44 ^USD	+2.39%		+7.38%	-37.05%

04-16	New additions to the USA portfolio
04-16	Capital One Securities Adjusts ServiceNow Price Target to $113 From $158, Maintains Overweight Rating	MT

0801c413e9f46d4440c0314a8e.eb_CBMzoEaQNaP2fIzfIh8F82Knqv-B_vWy4MK6MeBE.KsupNIWxdtw0W7DScQCk04k1osum560TiwuPSuP5AUsb-rRL-7co9WQStA

Published financial data: SERVICENOW, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2021	2022	2023	2024	2025
Revenues	5.9B	7.24B	8.97B	10.98B	13.28B
Total Revenues	5.9B	7.24B	8.97B	10.98B	13.28B
Cost of Goods Sold, Total	1.35B	1.57B	1.92B	2.29B	2.98B
Gross Profit	4.54B	5.67B	7.05B	8.7B	10.3B
Selling General & Admin Expenses, Total	2.89B	3.55B	4.16B	4.76B	5.34B
R&D Expenses	1.4B	1.77B	2.12B	2.54B	2.96B
Other Operating Expenses, Total	4.29B	5.32B	6.29B	7.3B	8.3B
Operating Income	257M	355M	762M	1.4B	2B
Interest Expense, Total	-28M	-27M	-24M	-23M	-23M
Interest And Investment Income	20M	82M	302M	419M	451M
Net Interest Expenses	-8M	55M	278M	396M	428M
Currency Exchange Gains (Loss)	-	-	-	-	-16M
Other Non Operating Income (Expenses)	3M	-11M	-32M	-22M	25M
EBT, Excl. Unusual Items	252M	399M	1.01B	1.77B	2.44B
Merger & Related Restructuring Charges	-	-	-	-33M	-109M
Gain (Loss) On Sale Of Investments	-	-	-	-	-
Asset Writedown	-	-	-	-	-30M
Legal Settlements	-	-	-	-	-
Other Unusual Items	-3M	-	-	-	-37M
EBT, Incl. Unusual Items	249M	399M	1.01B	1.74B	2.26B
Income Tax Expense	19M	74M	-723M	313M	513M
Earnings From Continuing Operations	230M	325M	1.73B	1.42B	1.75B
Net Income to Company	230M	325M	1.73B	1.42B	1.75B
Net Income - (IS)	230M	325M	1.73B	1.42B	1.75B
Net Income to Common Incl Extra Items	230M	325M	1.73B	1.42B	1.75B
Net Income to Common Excl. Extra Items	230M	325M	1.73B	1.42B	1.75B
Per Share Items
Net EPS - Basic	0.23	0.32	1.7	1.38	1.69
Basic EPS - Continuing Operations	0.23	0.32	1.7	1.38	1.69
Basic Weighted Average Shares Outstanding	990M	1.01B	1.02B	1.03B	1.04B
Net EPS - Diluted	0.23	0.32	1.68	1.37	1.67
Diluted EPS - Continuing Operations	0.23	0.32	1.68	1.37	1.67
Diluted Weighted Average Shares Outstanding	1.02B	1.02B	1.03B	1.04B	1.05B
Normalized Basic EPS	0.16	0.25	0.62	1.08	1.47
Normalized Diluted EPS	0.16	0.25	0.61	1.06	1.46
American Depositary Receipts Ratio (ADR)	0.02	0.02	0.02	0.02	0.02
Supplemental Items
EBITDA	729M	788M	1.32B	1.96B	2.74B
EBITA	333M	436M	847M	1.49B	2.12B
EBIT	257M	355M	762M	1.4B	2B
EBITDAR	829M	900M	1.45B	2.09B	2.88B
Total Revenues (As Reported)	5.9B	7.24B	8.97B	10.98B	13.28B
Effective Tax Rate - (Ratio)	7.63	18.55	-71.73	18.01	22.69
Current Domestic Taxes	1M	13M	33M	85M	79M
Current Foreign Taxes	52M	46M	101M	130M	183M
Total Current Taxes	53M	59M	134M	215M	262M
Deferred Domestic Taxes	-6M	-2M	-885M	46M	194M
Deferred Foreign Taxes	-28M	17M	28M	52M	57M
Total Deferred Taxes	-34M	15M	-857M	98M	251M
Normalized Net Income	158M	249M	630M	1.11B	1.52B
Supplemental Operating Expense Items
Advertising Expense	198M	201M	221M	295M	348M
Selling and Marketing Expenses	2.29B	2.81B	3.3B	3.85B	4.39B
General and Administrative Expenses	597M	735M	734M	773M	800M
Research And Development Expense From Footnotes	1.4B	1.77B	2.12B	2.54B	2.96B
Net Rental Expense, Total	100M	112M	129M	130M	147M
Imputed Operating Lease Interest Expense	10.3M	10.88M	10.97M	10.49M	11.56M
Imputed Operating Lease Depreciation	89.7M	101M	118M	120M	135M
Stock-Based Comp., COGS (Total)	187M	224M	254M	296M	344M
Stock-Based Comp., R&D Exp. (Total)	395M	495M	579M	655M	791M
Stock-Based Comp., S&M Exp. (Total)	389M	459M	505M	565M	586M
Stock-Based Comp., G&A Exp. (Total)	160M	223M	266M	230M	234M
Total Stock-Based Compensation	1.13B	1.4B	1.6B	1.75B	1.96B

Fiscal Period: December	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.73B	1.47B	1.9B	2.3B	3.73B
Short Term Investments	1.58B	2.81B	2.98B	3.46B	2.56B
Total Cash And Short Term Investments	3.3B	4.28B	4.88B	5.76B	6.28B
Accounts Receivable, Total	1.39B	1.72B	2.04B	2.24B	2.63B
Other Receivables	12M	28M	51M	79M	74M
Total Receivables	1.4B	1.75B	2.09B	2.32B	2.7B
Prepaid Expenses	205M	247M	345M	528M	879M
Restricted Cash	4M	5M	7M	6M	6M
Other Current Assets, Total	305M	369M	461M	572M	601M
Total Current Assets	5.22B	6.65B	7.78B	9.19B	10.47B
Gross Property Plant And Equipment	2.18B	2.73B	3.36B	3.96B	4.93B
Accumulated Depreciation	-825M	-995M	-1.28B	-1.51B	-1.84B
Net Property Plant And Equipment	1.36B	1.74B	2.07B	2.46B	3.1B
Long-term Investments	1.73B	2.37B	3.47B	4.58B	5.31B
Goodwill	777M	824M	1.23B	1.27B	3.58B
Other Intangibles, Total	287M	232M	224M	209M	1.12B
Deferred Tax Assets Long-Term	692M	636M	1.51B	1.38B	1.06B
Deferred Charges Long-Term	623M	742M	919M	999M	1.11B
Other Long-Term Assets, Total	113M	107M	184M	294M	290M
Total Assets	10.8B	13.3B	17.39B	20.38B	26.04B
Liabilities
Accounts Payable, Total	89M	274M	126M	68M	204M
Accrued Expenses, Total	565M	640M	817M	896M	1.05B
Current Portion of Long-Term Debt	92M	-	-	-	-
Current Portion of Leases	82M	96M	89M	102M	112M
Current Income Taxes Payable	101M	109M	123M	162M	195M
Unearned Revenue Current, Total	3.84B	4.66B	5.78B	6.82B	8.31B
Other Current Liabilities	184M	226M	425M	311M	571M
Total Current Liabilities	4.95B	6B	7.36B	8.36B	10.44B
Long-Term Debt	1.48B	1.49B	1.49B	1.49B	1.49B
Long-Term Leases	556M	650M	707M	687M	800M
Unearned Revenue Non Current	63M	70M	81M	95M	120M
Other Non Current Liabilities	51M	56M	118M	145M	220M
Total Liabilities	7.1B	8.27B	9.76B	10.77B	13.07B
Common Stock, Total	-	-	-	-	1M
Additional Paid In Capital	3.66B	4.8B	6.13B	7.4B	10.75B
Retained Earnings	-4M	338M	2.07B	3.49B	5.24B
Treasury Stock	-	-	-535M	-1.22B	-3.04B
Comprehensive Income and Other	34M	-102M	-37M	-68M	19M
Total Common Equity	3.7B	5.03B	7.63B	9.61B	12.96B
Total Equity	3.7B	5.03B	7.63B	9.61B	12.96B
Total Liabilities And Equity	10.8B	13.3B	17.39B	20.38B	26.04B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	1B	1.02B	1.02B	1.03B	1.05B
ECS Total Common Shares Outstanding	998M	1.01B	1.02B	1.03B	1.05B
Book Value / Share	3.7	4.96	7.45	9.31	12.38
Tangible Book Value	2.63B	3.98B	6.17B	8.13B	8.26B
Tangible Book Value Per Share	2.64	3.92	6.03	7.87	7.89
Total Debt	2.21B	2.23B	2.28B	2.28B	2.4B
Net Debt	-1.09B	-2.05B	-5.8B	-7.6B	-7.65B
Debt Equivalent Oper. Leases	800M	896M	1.03B	1.04B	1.18B
Account Code - Inventory Valuation	3	3	3	3	3
Buildings, Total	-	-	-	-	-
Machinery, Total	1.3B	1.69B	2.22B	2.78B	3.45B
Full Time Employees	16.88K	20.43K	22.67K	26.29K	29.19K
Accumulated Allowance for Doubtful Accounts (Supple)	-	-	-	-	-
Order Backlog	-	-	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Net Income	230M	325M	1.73B	1.42B	1.75B
Depreciation & Amortization - CF	396M	352M	477M	470M	618M
Amortization of Goodwill and Intangible Assets - (CF)	76M	81M	85M	94M	120M
Depreciation & Amortization, Total	472M	433M	562M	564M	738M
Amortization of Deferred Charges, Total - (CF)	301M	358M	459M	550M	621M
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	1.13B	1.4B	1.6B	1.75B	1.96B
Other Operating Activities, Total	-1M	32M	-857M	47M	353M
Change In Accounts Receivable	-401M	-340M	-300M	-254M	-312M
Change In Accounts Payable	55M	172M	-142M	-52M	55M
Change in Unearned Revenues	960M	904M	1.08B	1.18B	1.18B
Change in Other Net Operating Assets	-556M	-562M	-744M	-938M	-893M
Cash from Operations	2.19B	2.72B	3.4B	4.27B	5.44B
Capital Expenditure	-392M	-550M	-694M	-852M	-868M
Cash Acquisitions	-785M	-91M	-282M	-113M	-1.08B
Sale (Purchase) of Intangible assets	-7M	-	-	-40M	-43M
Investment in Marketable and Equity Securities, Total	-437M	-1.96B	-1.19B	-1.46B	268M
Other Investing Activities, Total	14M	18M	-4M	-36M	38M
Cash from Investing	-1.61B	-2.58B	-2.17B	-2.5B	-1.69B
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	-	-	-	-	-
Long-Term Debt Repaid, Total	-61M	-94M	-	-	-
Total Debt Repaid	-61M	-94M	-	-	-
Issuance of Common Stock	167M	177M	194M	237M	270M
Repurchase of Common Stock	-612M	-427M	-997M	-1.4B	-2.61B
Other Financing Activities, Total	-	-	-	-184M	-
Cash from Financing	-506M	-344M	-803M	-1.34B	-2.34B
Foreign Exchange Rate Adjustments	-25M	-53M	1M	-17M	7M
Net Change in Cash	53M	-257M	429M	406M	1.42B
Supplemental Items
Cash Interest Paid	41M	24M	23M	23M	22M
Cash Income Tax Paid (Refund)	36M	45M	127M	230M	283M
Levered Free Cash Flow	2.27B	2.52B	3.23B	3.28B	4.95B
Unlevered Free Cash Flow	2.28B	2.54B	3.25B	3.3B	4.97B
Change In Net Working Capital	-624M	-676M	-841M	-455M	-1.31B
Net Debt Issued / Repaid	-61M	-94M	-	-	-

Fiscal Period: December	2021	2022	2023	2024	2025
Profitability
Return on Assets	1.65	1.84	3.1	4.62	5.39
Return on Total Capital	2.95	3.37	5.55	8.01	9.17
Return On Equity %	7.05	7.45	27.35	16.53	15.49
Return on Common Equity	7.05	7.45	27.35	16.53	15.49
Margin Analysis
Gross Profit Margin %	77.05	78.29	78.59	79.18	77.53
SG&A Margin	49	48.99	46.42	43.31	40.18
EBITDA Margin %	12.36	10.88	14.76	17.85	20.62
EBITA Margin %	5.65	6.02	9.44	13.57	15.97
EBIT Margin %	4.36	4.9	8.49	12.72	15.06
Income From Continuing Operations Margin %	3.9	4.49	19.3	12.97	13.16
Net Income Margin %	3.9	4.49	19.3	12.97	13.16
Net Avail. For Common Margin %	3.9	4.49	19.3	12.97	13.16
Normalized Net Income Margin	2.67	3.44	7.02	10.08	11.47
Levered Free Cash Flow Margin	38.54	34.82	36.04	29.88	37.29
Unlevered Free Cash Flow Margin	38.71	35.06	36.21	30.01	37.4
Asset Turnover
Asset Turnover	0.6	0.6	0.58	0.58	0.57
Fixed Assets Turnover	4.77	4.69	4.71	4.85	4.78
Receivables Turnover (Average Receivables)	4.92	4.65	4.77	5.14	5.46
Short Term Liquidity
Current Ratio	1.05	1.11	1.06	1.1	1
Quick Ratio	0.95	1	0.95	0.97	0.86
Operating Cash Flow to Current Liabilities	0.44	0.45	0.46	0.51	0.52
Days Sales Outstanding (Average Receivables)	74.26	78.47	76.51	71.24	66.89
Average Days Payable Outstanding	16.59	42.12	38	15.52	16.64
Long Term Solvency
Total Debt/Equity	59.92	44.36	29.94	23.71	18.54
Total Debt / Total Capital	37.47	30.73	23.04	19.16	15.64
LT Debt/Equity	55.21	42.45	28.78	22.65	17.67
Long-Term Debt / Total Capital	34.52	29.41	22.14	18.31	14.91
Total Liabilities / Total Assets	65.78	62.16	56.13	52.86	50.21
EBIT / Interest Expense	9.18	13.15	31.75	60.74	86.96
EBITDA / Interest Expense	29.61	33.33	60.54	90.91	125.43
(EBITDA - Capex) / Interest Expense	15.61	12.96	31.62	53.87	87.7
Total Debt / EBITDA	2.67	2.48	1.57	1.09	0.83
Net Debt / EBITDA	-1.31	-2.28	-3.99	-3.63	-2.65
Total Debt / (EBITDA - Capex)	5.07	6.38	3.01	1.84	1.19
Net Debt / (EBITDA - Capex)	-2.49	-5.85	-7.64	-6.13	-3.79
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	30.47	22.88	23.82	22.44	20.88
Gross Profit, 1 Yr. Growth %	28.62	24.85	24.29	23.36	18.37
EBITDA, 1 Yr. Growth %	36.26	8.09	68.02	43.98	39.62
EBITA, 1 Yr. Growth %	35.92	30.93	94.27	68.47	42.19
EBIT, 1 Yr. Growth %	29.15	38.13	114.65	74.62	43.16
Earnings From Cont. Operations, 1 Yr. Growth %	93.28	41.3	432.62	-17.68	22.67
Net Income, 1 Yr. Growth %	93.28	41.3	432.62	-17.68	22.67
Normalized Net Income, 1 Yr. Growth %	27.92	58.33	152.63	69.31	37.61
Diluted EPS Before Extra, 1 Yr. Growth %	91.53	41.59	426.25	-18.76	21.9
Accounts Receivable, 1 Yr. Growth %	37.76	24.1	18.03	10.02	17.28
Net Property, Plant and Equip., 1 Yr. Growth %	21.81	27.86	19.48	18.48	26.02
Total Assets, 1 Yr. Growth %	23.9	23.16	30.74	17.23	27.74
Tangible Book Value, 1 Yr. Growth %	7.83	51.12	55.26	31.65	1.7
Common Equity, 1 Yr. Growth %	30.38	36.18	51.59	25.97	34.92
Cash From Operations, 1 Yr. Growth %	22.68	24.28	24.79	25.57	27.58
Capital Expenditures, 1 Yr. Growth %	-6.44	40.31	26.18	22.77	1.88
Levered Free Cash Flow, 1 Yr. Growth %	26.9	11.04	28.15	0.85	50.88
Unlevered Free Cash Flow, 1 Yr. Growth %	27.73	11.27	27.89	0.83	50.66
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	30.54	26.62	23.35	23.13	21.66
Gross Profit, 2 Yr. CAGR %	30.59	26.72	24.57	23.83	20.84
EBITDA, 2 Yr. CAGR %	57.47	21.36	34.77	55.4	41.78
EBITA, 2 Yr. CAGR %	107.96	33.4	59.48	80.04	54.77
EBIT, 2 Yr. CAGR %	147.37	33.56	72.19	91.99	58.11
Earnings From Cont. Operations, 2 Yr. CAGR %	-39.43	65.26	174.34	109.39	0.49
Net Income, 2 Yr. CAGR %	-39.43	65.26	174.34	109.39	0.49
Normalized Net Income, 2 Yr. CAGR %	93.94	42.32	101.2	104.62	52.64
Diluted EPS Before Extra, 2 Yr. CAGR %	-40.39	64.68	172.97	106.76	-0.3
Accounts Receivable, 2 Yr. CAGR %	29	30.75	21.03	13.95	13.59
Net Property, Plant and Equip., 2 Yr. CAGR %	24.85	24.8	23.6	18.98	22.19
Total Assets, 2 Yr. CAGR %	33.9	23.53	26.89	23.8	22.37
Tangible Book Value, 2 Yr. CAGR %	19.99	27.65	53.17	42.97	15.71
Common Equity, 2 Yr. CAGR %	31.77	33.25	43.68	38.19	30.37
Cash From Operations, 2 Yr. CAGR %	33.14	23.48	24.53	25.18	26.57
Capital Expenditures, 2 Yr. CAGR %	21.62	14.57	33.06	24.46	11.84
Levered Free Cash Flow, 2 Yr. CAGR %	38.7	18.71	18.83	13.34	23.07
Unlevered Free Cash Flow, 2 Yr. CAGR %	39.75	19.22	19.11	13.58	23.25
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	31.23	27.93	25.68	23.05	22.38
Gross Profit, 3 Yr. CAGR %	31.76	28.65	25.91	24.17	21.98
EBITDA, 3 Yr. CAGR %	89.47	38.91	35.26	39.08	49.95
EBITA, 3 Yr. CAGR %	167.35	78.24	51.21	64.82	66.42
EBIT, 3 Yr. CAGR %	82.29	103.7	56.45	75.83	74.1
Earnings From Cont. Operations, 3 Yr. CAGR %	104.98	-19.67	144.11	83.67	75.21
Net Income, 3 Yr. CAGR %	104.98	-19.67	144.11	83.67	75.21
Normalized Net Income, 3 Yr. CAGR %	86.22	81.26	72.32	92.31	79.27
Diluted EPS Before Extra, 3 Yr. CAGR %	95.97	-20.46	142.56	82.25	73.46
Accounts Receivable, 3 Yr. CAGR %	34.22	27.35	26.37	17.24	15.05
Net Property, Plant and Equip., 3 Yr. CAGR %	57.52	25.85	23	21.87	21.28
Total Assets, 3 Yr. CAGR %	40.67	30.22	25.89	23.59	25.1
Tangible Book Value, 3 Yr. CAGR %	45.07	29.58	36.26	45.64	27.62
Common Equity, 3 Yr. CAGR %	49.26	33.23	39.1	37.52	37.09
Cash From Operations, 3 Yr. CAGR %	39.27	30.12	23.91	24.88	25.98
Capital Expenditures, 3 Yr. CAGR %	20.42	27.56	18.32	29.53	16.43
Levered Free Cash Flow, 3 Yr. CAGR %	36.48	28.79	21.78	12.75	24.68
Unlevered Free Cash Flow, 3 Yr. CAGR %	37.72	29.53	22.04	12.91	24.8
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	33.49	30.44	28.02	25.99	24.06
Gross Profit, 5 Yr. CAGR %	35.57	31.94	28.84	26.7	23.86
EBITDA, 5 Yr. CAGR %	91.8	73.95	65.33	46.16	38.62
EBITA, 5 Yr. CAGR %	28.23	57.7	117.44	80.88	53.97
EBIT, 5 Yr. CAGR %	18.25	40.69	78.18	101.55	58.65
Earnings From Cont. Operations, 5 Yr. CAGR %	-11.1	22.7	130.33	17.84	71.16
Net Income, 5 Yr. CAGR %	-11.1	22.7	130.33	17.84	71.16
Normalized Net Income, 5 Yr. CAGR %	12.57	28.61	91.61	92.5	65.38
Diluted EPS Before Extra, 5 Yr. CAGR %	-14.8	18.57	123.75	16.55	69.89
Accounts Receivable, 5 Yr. CAGR %	33.91	31.6	28.78	21.81	21.09
Net Property, Plant and Equip., 5 Yr. CAGR %	49.51	47.9	42.96	23.05	22.67
Total Assets, 5 Yr. CAGR %	39.64	30.23	34.99	27.61	24.47
Tangible Book Value, 5 Yr. CAGR %	61.62	47.83	48.26	34.78	27.64
Common Equity, 5 Yr. CAGR %	57.03	45.23	47	35.19	35.54
Cash From Operations, 5 Yr. CAGR %	68.97	33.47	33.18	28.12	24.97
Capital Expenditures, 5 Yr. CAGR %	30	29.59	25.33	26.31	15.68
Levered Free Cash Flow, 5 Yr. CAGR %	37.04	30.97	29.33	22.68	22.56
Unlevered Free Cash Flow, 5 Yr. CAGR %	37.91	31.96	30.03	23.04	22.68