ServiceNow (NOW) Invested Capital (2011 - 2026)
ServiceNow (NOW) reported Invested Capital of $11.7 billion for Q1 2026, up 15.67% on a YoY basis from $10.1 billion in Q1 2025, and down 9.53% quarter-over-quarter from $13.0 billion in Q4 2025.
ServiceNow (NOW) Invested Capital (2011 - 2026) Analysis & Trends
ServiceNow has reported Invested Capital for 16 years, with the latest figure at $11.7 billion in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital rose 15.67% year-over-year to $11.7 billion; the trailing twelve-month figure through Mar 2026 stood at $11.7 billion (up 15.67% YoY), and the FY2025 full-year result was $13.0 billion, up 34.92% from the prior year.
- Invested Capital for Q1 2026 stood at $11.7 billion, down from $13.0 billion in the prior quarter.
- The five-year high for Invested Capital was $13.0 billion in Q4 2025, with the low at $4.1 billion in Q1 2022.
- Historically, Invested Capital has averaged $8.3 billion across 5 years, with a median of $8.1 billion in 2024.
- Annual changes were most pronounced in 2022 — Invested Capital surged 72.12% — and 2026, when it climbed 15.67%.
- ServiceNow's Invested Capital stood at $6.5 billion in 2022, then grew by 17.03% to $7.6 billion in 2023, then rose by 25.97% to $9.6 billion in 2024, then surged by 34.92% to $13.0 billion in 2025, then dropped by 9.53% to $11.7 billion in 2026.
- The last three Invested Capital figures came in at $11.7 billion (Q1 2026), $13.0 billion (Q4 2025), and $11.3 billion (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 60.16 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | 5.83 Bn |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 24.75 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.50 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 73.52 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 6.99 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 11.73 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 6.35 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 16.32 Bn |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | 1.94 Bn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 11.73 Bn |
| Dec 31, 2025 | 12.96 Bn |
| Sep 30, 2025 | 11.30 Bn |
| Jun 30, 2025 | 10.93 Bn |
| Mar 31, 2025 | 10.14 Bn |
| Dec 31, 2024 | 9.61 Bn |
| Sep 30, 2024 | 9.29 Bn |
| Jun 30, 2024 | 8.67 Bn |
| Mar 31, 2024 | 8.11 Bn |
| Dec 31, 2023 | 7.63 Bn |
| Sep 30, 2023 | 7.18 Bn |
| Jun 30, 2023 | 6.93 Bn |
| Mar 31, 2023 | 5.60 Bn |
| Dec 31, 2022 | 6.52 Bn |
| Sep 30, 2022 | 6.01 Bn |
| Jun 30, 2022 | 4.19 Bn |
| Mar 31, 2022 | 4.09 Bn |
| Dec 31, 2021 | 3.79 Bn |
| Sep 30, 2021 | 5.02 Bn |
| Jun 30, 2021 | 3.37 Bn |