ServiceNow (NOW) FCF Margin (2012 - 2026)
ServiceNow (NOW) reported FCF Margin of 18.22% for Q3 2026, up 1.25 percentage points from 16.97% a year earlier and up 6.35 percentage points from the prior quarter.
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Analysis
ServiceNow (NOW) FCF Margin (2012 - 2026) Analysis & Trends
Over the twelve months ended Sep 30, 2026, ServiceNow's FCF Margin came in at 30.78%, down 0.46 percentage points year-over-year; for FY2025, it was 34.46%, up 3.37 percentage points from FY2024.
- FCF Margin has increased for three consecutive years, with a five-year change of +4.21 percentage points (FY2020 to FY2025).
- By year, FCF Margin came in at 31.09% in FY2024 (+0.95 pp), 30.14% in FY2023 (+0.15 pp), 29.99% in FY2022 (-0.52 pp) and 30.51% in FY2021 (+0.26 pp).
- Five-year quarterly FCF Margin spans a low of 5.63% in Q3 2022 and a high of 56.05% in Q4 2025.
- Year over year, FCF Margin gained in five of the last eight quarters, with an average year-over-year change of -0.65 percentage points.
- The high point for year-over-year FCF Margin in five years was Q1 2024 (a gain of 11.17 percentage points); the low point was Q1 2023 (a drop of 9.55 percentage points).
- Per Business Quant data, the three quarters before Q3 2026 came in at 11.86% (Q2 2026), 40.56% (Q1 2026) and 56.05% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 413.65 Bn | 378.59 Bn | 1.93 Bn | 51.72% |
| 2 | Oracle | 374.28 Bn | 246.84 Bn | - | -27.89% |
| 3 | Sap Se | 294.90 Bn | 222.88 Bn | 8.64 Bn | 20.32% |
| 4 | Salesforce | 186.99 Bn | 142.87 Bn | 8.70 Bn | 9.68% |
| 5 | Automatic Data Processing | 120.08 Bn | 106.87 Bn | 2.53 Bn | 10.90% |
| 6 | ServiceNow | 113.02 Bn | 92.28 Bn | 2.90 Bn | 18.22% |
| 7 | Intuit | 95.72 Bn | 75.07 Bn | 3.44 Bn | 29.95% |
| 8 | Relx | 74.73 Bn | 73.84 Bn | - | - |
| 9 | Strategy | 57.35 Bn | 44.49 Bn | 89.63 Mn | 3.15% |
| 10 | Thomson Reuters | 52.16 Bn | 48.13 Bn | - | 39.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 18.22% |
| 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% |
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();