ServiceNow (NOW) Capital Expenditures (2012 - 2026)
ServiceNow (NOW) posted Capital Expenditures of $114 million for Q2 2026, down 40.0% from $190 million a year earlier and down 19.1% from the prior quarter.
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Analysis
ServiceNow (NOW) Capital Expenditures (2012 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Capital Expenditures at ServiceNow was $728 million, down 14.4% year-over-year; for FY2025, it was $868 million, up 1.9% from FY2024.
- Annual Capital Expenditures has increased for four consecutive years, with a five-year compound annual growth rate of 15.7% (FY2020 to FY2025).
- In prior years, ServiceNow's Capital Expenditures was $852 million in FY2024 (+22.8%), $694 million in FY2023 (+26.2%), $550 million in FY2022 (+40.3%) and $392 million in FY2021 (-6.4%).
- The Q2 2026 figure stands as the lowest quarterly Capital Expenditures since Q1 2022.
- On a year-over-year basis, Capital Expenditures has declined in each of the last three quarters, with growth averaging 1.1% over the last eight quarters.
- The strongest year-over-year quarter for Capital Expenditures in the past five years was Q2 2024, with growth of 98.5%; the weakest was Q2 2026, with a decline of 40.0%.
- According to Business Quant data, Capital Expenditures for the three prior quarters was $141 million (Q1 2026), $238 million (Q4 2025) and $235 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Capex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 480.73 Bn | 449.68 Bn | 1.64 Bn | 14.55 Mn |
| 2 | Oracle | 399.91 Bn | 272.04 Bn | - | 28.50 Bn |
| 3 | Sap Se | 262.30 Bn | 190.08 Bn | 8.40 Bn | -134.83 Mn |
| 4 | Salesforce | 202.26 Bn | 158.13 Bn | 8.70 Bn | 171.00 Mn |
| 5 | ServiceNow | 153.84 Bn | 132.30 Bn | 2.82 Bn | 114.00 Mn |
| 6 | Automatic Data Processing | 114.84 Bn | 96.97 Bn | 2.51 Bn | 72.80 Mn |
| 7 | Intuit | 91.04 Bn | 70.38 Bn | 3.44 Bn | 27.00 Mn |
| 8 | Relx | 70.51 Bn | 69.60 Bn | - | - |
| 9 | Strategy | 53.24 Bn | 46.23 Bn | 81.55 Mn | 1.77 Mn |
| 10 | Thomson Reuters | 48.40 Bn | 45.18 Bn | - | 177.00 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 114.00 Mn |
| Mar 31, 2026 | 141.00 Mn |
| Dec 31, 2025 | 238.00 Mn |
| Sep 30, 2025 | 235.00 Mn |
| Jun 30, 2025 | 190.00 Mn |
| Mar 31, 2025 | 205.00 Mn |
| Dec 31, 2024 | 253.00 Mn |
| Sep 30, 2024 | 202.00 Mn |
| Jun 30, 2024 | 262.00 Mn |
| Mar 31, 2024 | 135.00 Mn |
| Dec 31, 2023 | 261.00 Mn |
| Sep 30, 2023 | 136.00 Mn |
| Jun 30, 2023 | 132.00 Mn |
| Mar 31, 2023 | 165.00 Mn |
| Dec 31, 2022 | 144.00 Mn |
| Sep 30, 2022 | 162.00 Mn |
| Jun 30, 2022 | 151.00 Mn |
| Mar 31, 2022 | 93.00 Mn |
| Dec 31, 2021 | 100.00 Mn |
| Sep 30, 2021 | 94.00 Mn |
API Access
ServiceNow Capital Expenditures API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=capital-expenditures&ticker=NOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "capital-expenditures", "ticker": "NOW", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=capital-expenditures&ticker=NOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();