ServiceNow (NOW) Cost of Revenue (2011 - 2026)
ServiceNow's (NOW) quarterly Cost of Revenue came in at $1.2 billion in Q2 2026, up 61.46% YoY from $724.0 million in Q2 2025, and up 24.36% on a QoQ basis from $940.0 million in Q1 2026.
ServiceNow (NOW) Cost of Revenue (2011 - 2026) Analysis & Trends
ServiceNow (NOW) has 16 years of Cost of Revenue data on file, last reported at $1.2 billion in Q2 2026.
- Quarterly Cost of Revenue rose 61.46% year-over-year to $1.2 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $3.7 billion (up 43.51% YoY) and the FY2025 annual result came in at $3.0 billion, up 30.43% from the prior year.
- Cost of Revenue rose to $1.2 billion in Q2 2026, from $940.0 million in the prior quarter.
- In the past five years, Cost of Revenue ranged from a high of $1.2 billion in Q2 2026 to a low of $369.0 million in Q1 2022.
- A 5-year average of $604.1 million and a median of $536.0 million in 2024 frame the typical range for Cost of Revenue.
- Annual changes were most pronounced in 2022 — Cost of Revenue advanced 10.96% — and 2026, when it surged 61.46%.
- Tracing NOW's Cost of Revenue over 5 years: stood at $415.0 million in 2022, then climbed by 24.34% to $516.0 million in 2023, then grew by 22.29% to $631.0 million in 2024, then surged by 32.17% to $834.0 million in 2025, then surged by 40.17% to $1.2 billion in 2026.
- The last three Cost of Revenue figures came in at $1.2 billion (Q2 2026), $940.0 million (Q1 2026), and $834.0 million (Q4 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.14 Bn | 233.48 Bn | 16.51 Bn | 6.08 Bn |
| 2 | Shopify | 193.20 Bn | 188.25 Bn | 1.71 Bn | 1.88 Bn |
| 3 | Salesforce | 181.45 Bn | 169.61 Bn | 8.56 Bn | 2.57 Bn |
| 4 | Uber Technologies | 160.53 Bn | 155.14 Bn | 6.38 Bn | 7.82 Bn |
| 5 | ServiceNow | 133.04 Bn | 128.38 Bn | 2.82 Bn | 1.17 Bn |
| 6 | Snowflake | 114.80 Bn | 111.85 Bn | 926.45 Mn | 464.50 Mn |
| 7 | Automatic Data Processing | 113.03 Bn | 108.80 Bn | 2.51 Bn | 2.96 Bn |
| 8 | Adobe | 110.91 Bn | 105.29 Bn | 5.90 Bn | 715.00 Mn |
| 9 | Intuit | 101.34 Bn | 94.56 Bn | 7.24 Bn | 1.32 Bn |
| 10 | Cadence Design Systems | 87.39 Bn | 85.95 Bn | 1.41 Bn | 175.18 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 1.17 Bn |
| Jun 30, 2026 | 1.17 Bn |
| Mar 31, 2026 | 940.00 Mn |
| Mar 31, 2026 | 940.00 Mn |
| Dec 31, 2025 | 834.00 Mn |
| Dec 31, 2025 | 834.00 Mn |
| Sep 30, 2025 | 774.00 Mn |
| Sep 30, 2025 | 774.00 Mn |
| Jun 30, 2025 | 724.00 Mn |
| Jun 30, 2025 | 724.00 Mn |
| Mar 31, 2025 | 651.00 Mn |
| Mar 31, 2025 | 651.00 Mn |
| Dec 31, 2024 | 631.00 Mn |
| Dec 31, 2024 | 631.00 Mn |
| Sep 30, 2024 | 584.00 Mn |
| Sep 30, 2024 | 584.00 Mn |
| Jun 30, 2024 | 552.00 Mn |
| Jun 30, 2024 | 552.00 Mn |
| Mar 31, 2024 | 520.00 Mn |
| Mar 31, 2024 | 520.00 Mn |