ServiceNow (NOW) FCF Margin (2011 - 2026)
ServiceNow's (NOW) quarterly FCF Margin came in at 11.86% in Q2 2026, down 450.0% YoY from 3.39% in Q2 2025, and down 70.75% on a QoQ basis from 40.56% in Q1 2026.
ServiceNow (NOW) FCF Margin (2011 - 2026) Analysis & Trends
ServiceNow (NOW) has 16 years of FCF Margin data on file, last reported at 11.86% in Q2 2026.
- Quarterly FCF Margin fell 450.0% year-over-year to 11.86% in Q2 2026, while the trailing twelve-month figure through Jun 2026 was 31.09% (down 83.0% YoY) and the FY2025 annual result came in at 34.46%, up 337.0% from the prior year.
- FCF Margin retreated to 11.86% in Q2 2026, from 40.56% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 56.05% in Q4 2025 to a low of 5.63% in Q3 2022.
- A 5-year average of 30.59% and a median of 28.0% in 2023 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2023 — FCF Margin plunged 955 bps — and 2024, when it jumped 1117 bps.
- Tracing NOW's FCF Margin over 5 years: stood at 52.47% in 2022, then rose by 5 bps to 55.15% in 2023, then fell by 15 bps to 46.74% in 2024, then climbed by 20 bps to 56.05% in 2025, then sank by 79 bps to 11.86% in 2026.
- The last three FCF Margin figures came in at 11.86% (Q2 2026), 40.56% (Q1 2026), and 56.05% (Q4 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 | 255.48 Bn | 234.41 Bn | 16.51 Bn | 36.13% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 18.25% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 58.89% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 19.67% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 11.86% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 16.73% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 24.76% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 31.84% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 61.18% |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 25.73% |
Historic Data
Download 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% |