ServiceNow (NOW) EV to EBITDA (2017 - 2026)
ServiceNow's EV to EBITDA came in at 28.66 for Q2 2026, down 61.2% from 73.89 a year earlier and down 6.3% from the prior quarter.
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Analysis
ServiceNow (NOW) EV to EBITDA (2017 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, ServiceNow reported EV to EBITDA of 23.72, down 64.9% year-over-year; for FY2025, it was 48.43, down 43.7% from FY2024.
- Going back by year, EV to EBITDA was 86.01 in FY2024 (+9.7%), 78.39 in FY2023 (+20.6%), 65.01 in FY2022 (-47.3%) and 123.42 in FY2021 (-11.2%).
- The Q2 2026 figure represents the lowest quarterly EV to EBITDA in data going back to Q1 2017.
- Year-over-year, EV to EBITDA has declined for four consecutive quarters, with an average decline of 21.6% over the last eight quarters.
- The fastest year-over-year change in EV to EBITDA over five years came in Q4 2023 (growth of 20.6%), and the weakest in Q2 2026 (a decline of 61.2%).
- Business Quant data shows NOW's EV to EBITDA at 30.58 (Q1 2026), 48.43 (Q4 2025) and 61.27 (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn |
| 10 | Workday | 45.49 Bn | 21.61 Bn | 2.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 28.66 |
| Mar 31, 2026 | 30.58 |
| Dec 31, 2025 | 48.43 |
| Sep 30, 2025 | 61.27 |
| Jun 30, 2025 | 73.89 |
| Mar 31, 2025 | 59.90 |
| Dec 31, 2024 | 86.01 |
| Sep 30, 2024 | 76.17 |
| Jun 30, 2024 | 73.06 |
| Mar 31, 2024 | 75.74 |
| Dec 31, 2023 | 78.39 |
| Sep 30, 2023 | 68.94 |
| Jun 30, 2023 | 78.45 |
| Mar 31, 2023 | 71.85 |
| Dec 31, 2022 | 65.01 |
| Sep 30, 2022 | 71.05 |
| Jun 30, 2022 | 92.03 |
| Mar 31, 2022 | 105.02 |
| Dec 31, 2021 | 123.42 |
| Sep 30, 2021 | 127.02 |
API Access
ServiceNow EV to EBITDA 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=ev-to-ebitda&ticker=NOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-ebitda", "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=ev-to-ebitda&ticker=NOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();