Growth Metrics

ServiceNow (NOW) FCF Margin (2016 - 2025)

ServiceNow's FCF Margin history spans 15 years, with the latest figure at 60.26% for Q4 2025.

  • For Q4 2025, FCF Margin rose 517.0% year-over-year to 60.26%; the TTM value through Dec 2025 reached 39.84%, up 149.0%, while the annual FY2025 figure was 39.84%, 149.0% up from the prior year.
  • FCF Margin reached 60.26% in Q4 2025 per NOW's latest filing, up from 33.52% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 60.26% in Q4 2025 to a low of 5.63% in Q3 2022.
  • Average FCF Margin over 5 years is 33.47%, with a median of 35.8% recorded in 2023.
  • Peak YoY movement for FCF Margin: crashed -2047bps in 2021, then skyrocketed 1819bps in 2023.
  • A 5-year view of FCF Margin shows it stood at 46.1% in 2021, then increased by 14bps to 52.47% in 2022, then dropped by -24bps to 39.97% in 2023, then soared by 38bps to 55.09% in 2024, then increased by 9bps to 60.26% in 2025.
  • Per Business Quant, the three most recent readings for NOW's FCF Margin are 60.26% (Q4 2025), 33.52% (Q3 2025), and 16.36% (Q2 2025).