ServiceNow (NOW) FCF Margin (2011 - 2026)
ServiceNow (NOW) reported FCF Margin of 41.64% for Q1 2026, down 602.0% on a YoY basis from 8.3% in Q1 2025, and down 25.71% quarter-over-quarter from 56.05% in Q4 2025.
ServiceNow (NOW) FCF Margin (2011 - 2026) Analysis & Trends
ServiceNow has reported FCF Margin for 16 years, with the latest figure at 41.64% in Q1 2026.
- For the quarter ending Q1 2026, FCF Margin fell 602.0% year-over-year to 41.64%; the trailing twelve-month figure through Mar 2026 stood at 33.48% (up 179.0% YoY), and the FY2025 full-year result was 34.46%, up 337.0% from the prior year.
- FCF Margin for Q1 2026 stood at 41.64%, down from 56.05% in the prior quarter.
- The five-year high for FCF Margin was 66.64% in Q4 2023, with the low at 11.88% in Q2 2024.
- Historically, FCF Margin has averaged 34.97% across 5 years, with a median of 40.79% in 2023.
- Annual changes were most pronounced in 2022 — FCF Margin soared 1629 bps — and 2024, when it plunged 1990 bps.
- ServiceNow's FCF Margin stood at 57.84% in 2022, then rose by 15 bps to 66.64% in 2023, then fell by 30 bps to 46.74% in 2024, then climbed by 20 bps to 56.05% in 2025, then slipped by 26 bps to 41.64% in 2026.
- The last three FCF Margin figures came in at 41.64% (Q1 2026), 56.05% (Q4 2025), and 16.97% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 36.77% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 17.31% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 15.02% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 58.89% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 20.82% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 41.64% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 36.83% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 31.84% |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | 16.41% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 41.64% |
| 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 | 11.88% |
| Mar 31, 2024 | 48.10% |
| Dec 31, 2023 | 66.64% |
| Sep 30, 2023 | 12.50% |
| Jun 30, 2023 | 27.40% |
| Mar 31, 2023 | 40.79% |
| Dec 31, 2022 | 57.84% |
| Sep 30, 2022 | 15.84% |
| Jun 30, 2022 | 25.51% |
| Mar 31, 2022 | 45.88% |
| Dec 31, 2021 | 66.48% |
| Sep 30, 2021 | 14.95% |
| Jun 30, 2021 | 9.23% |