ServiceNow (NOW) Free Cash Flow (2012 - 2026)
ServiceNow (NOW) recorded Free Cash Flow of $473 million in Q2 2026, down 10.1% from $526 million a year earlier and down 69.1% from the prior quarter.
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Analysis
ServiceNow (NOW) Free Cash Flow (2012 - 2026) Analysis & Trends
On a TTM basis, ServiceNow's Free Cash Flow came in at $4.58 billion as of Jun 30, 2026, up 19.0% year-over-year; for FY2025, it came in at $4.58 billion, up 34.0% from FY2024.
- Annual Free Cash Flow has increased for nine straight years, with a five-year compound annual growth rate of 27.3% (FY2020 to FY2025).
- Across earlier years, Free Cash Flow came in at $3.42 billion in FY2024 (+26.3%), $2.7 billion in FY2023 (+24.4%), $2.17 billion in FY2022 (+20.8%) and $1.8 billion in FY2021 (+31.6%).
- The Q2 2026 figure is the lowest quarterly Free Cash Flow since Q3 2024.
- On a year-over-year basis, Free Cash Flow rose in seven of the last eight quarters, with growth averaging 37.7%.
- Peak year-over-year performance for Free Cash Flow in the last five years was growth of 168.0% in Q3 2024, against a decline of 54.4% in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at $1.53 billion (Q1 2026), $2 billion (Q4 2025) and $578 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 455.76 Bn | 424.82 Bn | 1.64 Bn | 1.20 Bn |
| 2 | Oracle | 414.53 Bn | 287.08 Bn | - | -5.40 Bn |
| 3 | Sap Se | 258.85 Bn | 179.93 Bn | 8.40 Bn | 3.80 Bn |
| 4 | Salesforce | 192.62 Bn | 148.50 Bn | 8.70 Bn | 1.10 Bn |
| 5 | ServiceNow | 140.24 Bn | 118.70 Bn | 2.82 Bn | 473.00 Mn |
| 6 | Automatic Data Processing | 104.89 Bn | 87.01 Bn | 2.51 Bn | 1.36 Bn |
| 7 | Intuit | 74.02 Bn | 53.37 Bn | 3.44 Bn | 1.30 Bn |
| 8 | Relx | 60.96 Bn | 57.93 Bn | - | - |
| 9 | Strategy | 55.82 Bn | 48.81 Bn | 81.55 Mn | -5.91 Mn |
| 10 | Workday | 45.69 Bn | 21.82 Bn | 2.00 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 473.00 Mn |
| Mar 31, 2026 | 1.53 Bn |
| Dec 31, 2025 | 2.00 Bn |
| Sep 30, 2025 | 578.00 Mn |
| Jun 30, 2025 | 526.00 Mn |
| Mar 31, 2025 | 1.47 Bn |
| Dec 31, 2024 | 1.38 Bn |
| Sep 30, 2024 | 469.00 Mn |
| Jun 30, 2024 | 358.00 Mn |
| Mar 31, 2024 | 1.21 Bn |
| Dec 31, 2023 | 1.34 Bn |
| Sep 30, 2023 | 175.00 Mn |
| Jun 30, 2023 | 448.00 Mn |
| Mar 31, 2023 | 737.00 Mn |
| Dec 31, 2022 | 1.02 Bn |
| Sep 30, 2022 | 103.00 Mn |
| Jun 30, 2022 | 282.00 Mn |
| Mar 31, 2022 | 770.00 Mn |
| Dec 31, 2021 | 744.00 Mn |
| Sep 30, 2021 | 226.00 Mn |
API Access
ServiceNow Free Cash Flow 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=free-cash-flow&ticker=NOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=NOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();