ServiceNow (NOW) Net Margin (2011 - 2026)
ServiceNow's Net Margin came in at 6.75% for Q3 2026, down 7.99 percentage points from 14.73% a year earlier and down 0.73 percentage points from the prior quarter.
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Analysis
ServiceNow (NOW) Net Margin (2011 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, ServiceNow reported Net Margin of 9.36%, down 4.30 percentage points year-over-year; for FY2025, it was 13.16%, up 0.19 percentage points from FY2024.
- Net Margin carries a five-year change of +10.53 percentage points (FY2020 to FY2025).
- Going back by year, Net Margin was 12.97% in FY2024 (-6.32 pp), 19.30% in FY2023 (+14.81 pp), 4.49% in FY2022 (+0.58 pp) and 3.90% in FY2021 (+1.27 pp).
- The Q3 2026 figure represents the lowest quarterly Net Margin since Q3 2022.
- Year-over-year, Net Margin has declined for five consecutive quarters, with an average year-over-year change of -1.62 percentage points over the last eight quarters.
- The fastest year-over-year change in Net Margin over five years came in Q2 2023 (a gain of 47.42 percentage points), and the weakest in Q2 2024 (a drop of 38.58 percentage points).
- Business Quant data shows NOW's Net Margin at 7.47% (Q2 2026), 12.44% (Q1 2026) and 11.24% (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 413.65 Bn | 378.59 Bn | 1.93 Bn | 48.76% |
| 2 | Oracle | 374.28 Bn | 246.84 Bn | - | 24.19% |
| 3 | Sap Se | 294.90 Bn | 222.88 Bn | 8.64 Bn | 21.90% |
| 4 | Salesforce | 186.99 Bn | 142.87 Bn | 8.70 Bn | 31.08% |
| 5 | Automatic Data Processing | 120.08 Bn | 106.87 Bn | 2.53 Bn | 20.49% |
| 6 | ServiceNow | 113.02 Bn | 92.28 Bn | 2.90 Bn | 6.75% |
| 7 | Intuit | 95.72 Bn | 75.07 Bn | 3.44 Bn | 8.34% |
| 8 | Relx | 74.73 Bn | 73.84 Bn | - | - |
| 9 | Strategy | 57.35 Bn | 44.49 Bn | 89.63 Mn | 15,243.08% |
| 10 | Thomson Reuters | 52.16 Bn | 48.13 Bn | - | 19.09% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 6.75% |
| Jun 30, 2026 | 7.47% |
| Mar 31, 2026 | 12.44% |
| Dec 31, 2025 | 11.24% |
| Sep 30, 2025 | 14.73% |
| Jun 30, 2025 | 11.98% |
| Mar 31, 2025 | 14.90% |
| Dec 31, 2024 | 12.99% |
| Sep 30, 2024 | 15.45% |
| Jun 30, 2024 | 9.97% |
| Mar 31, 2024 | 13.33% |
| Dec 31, 2023 | 12.11% |
| Sep 30, 2023 | 10.58% |
| Jun 30, 2023 | 48.56% |
| Mar 31, 2023 | 7.16% |
| Dec 31, 2022 | 7.73% |
| Sep 30, 2022 | 4.37% |
| Jun 30, 2022 | 1.14% |
| Mar 31, 2022 | 4.36% |
| Dec 31, 2021 | 1.61% |
API Access
ServiceNow Net 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=net-margin&ticker=NOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=NOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();