ServiceNow (NOW) FCF Margin (2012 - 2026)
ServiceNow's (NOW) quarterly FCF Margin came in at 11.86% in Q2 2026, down 450.0% on a YoY basis from 3.39% in Q2 2025, and down 70.75% quarter-over-quarter from 40.56% in Q1 2026.
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ServiceNow (NOW) FCF Margin (2012 - 2026) Analysis & Trends
ServiceNow (NOW) has reported FCF Margin for 16 consecutive years, with 11.86% the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, FCF Margin fell 450.0% year-over-year to 11.86%; the trailing twelve-month figure through Jun 2026 stood at 31.09% (down 83.0% YoY), and the FY2025 full-year result was 34.46%, up 337.0% from the prior year.
- FCF Margin declined to 11.86% in Q2 2026 per NOW's latest filing, from 40.56% in the prior quarter.
- Across five years, FCF Margin topped out at 56.05% in Q4 2025 and bottomed at 5.63% in Q3 2022.
- Historically, FCF Margin has averaged 30.59% across 5 years, with a median of 28.0% in 2023.
- The sharpest annual moves came in 2023 and 2024: FCF Margin sank 955 bps in 2023, then surged 1117 bps in 2024.
- Over 5 years, FCF Margin stood at 52.47% in 2022, then advanced by 5 bps to 55.15% in 2023, then decreased by 15 bps to 46.74% in 2024, then increased by 20 bps to 56.05% in 2025, then tumbled by 79 bps to 11.86% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 11.86%, 40.56%, and 56.05% for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 460.85 Bn | 451.55 Bn | 1.64 Bn | 62.08% |
| 2 | Oracle | 437.09 Bn | 400.44 Bn | - | -27.89% |
| 3 | Sap Se | 258.74 Bn | 237.66 Bn | 8.40 Bn | 33.09% |
| 4 | Salesforce | 195.52 Bn | 184.12 Bn | 8.70 Bn | 9.68% |
| 5 | ServiceNow | 145.61 Bn | 140.94 Bn | 2.82 Bn | 11.86% |
| 6 | Automatic Data Processing | 104.89 Bn | 100.66 Bn | 2.51 Bn | 24.76% |
| 7 | Intuit | 76.97 Bn | 69.77 Bn | 3.46 Bn | 29.95% |
| 8 | Relx | 60.41 Bn | 60.04 Bn | - | - |
| 9 | Strategy | 57.09 Bn | 54.64 Bn | 81.55 Mn | -5,250.65% |
| 10 | Workday | 46.40 Bn | 42.99 Bn | 2.21 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 11.86% |
| Mar 31, 2026 | 40.56% |
| Dec 31, 2025 | 56.05% |
| Sep 30, 2025 | 16.97% |
| Jun 30, 2025 | 16.36% |
| Mar 31, 2025 | 47.67% |
| Dec 31, 2024 | 46.74% |
| Sep 30, 2024 | 16.77% |
| Jun 30, 2024 | 13.63% |
| Mar 31, 2024 | 46.33% |
| Dec 31, 2023 | 55.15% |
| Sep 30, 2023 | 7.65% |
| Jun 30, 2023 | 20.84% |
| Mar 31, 2023 | 35.16% |
| Dec 31, 2022 | 52.47% |
| Sep 30, 2022 | 5.63% |
| Jun 30, 2022 | 16.10% |
| Mar 31, 2022 | 44.72% |
| Dec 31, 2021 | 46.10% |
| Sep 30, 2021 | 14.95% |
API Access
ServiceNow FCF Margin 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=fcf-margin&ticker=NOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=NOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();