ServiceNow (NOW) Operating Expenses (2011 - 2026)
ServiceNow's (NOW) quarterly Operating Expenses came in at $2.7 billion in Q2 2026, up 24.52% YoY from $2.1 billion in Q2 2025, and up 14.14% on a QoQ basis from $2.3 billion in Q1 2026.
ServiceNow (NOW) Operating Expenses (2011 - 2026) Analysis & Trends
ServiceNow (NOW) has 16 years of Operating Expenses data on file, last reported at $2.7 billion in Q2 2026.
- Quarterly Operating Expenses rose 24.52% year-over-year to $2.7 billion in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $9.3 billion (up 18.68% YoY) and the FY2025 annual result came in at $8.5 billion, up 15.52% from the prior year.
- Operating Expenses climbed to $2.7 billion in Q2 2026, from $2.3 billion in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $2.7 billion in Q2 2026 to a low of $1.3 billion in Q1 2022.
- A 5-year average of $1.8 billion and a median of $1.8 billion in 2024 frame the typical range for Operating Expenses.
- Annual changes were most pronounced in 2022 — Operating Expenses soared 31.33% — and 2025, when it rose 13.42%.
- Tracing NOW's Operating Expenses over 5 years: stood at $1.4 billion in 2022, then grew by 20.51% to $1.7 billion in 2023, then rose by 18.23% to $2.0 billion in 2024, then climbed by 17.37% to $2.3 billion in 2025, then gained by 15.93% to $2.7 billion in 2026.
- The last three Operating Expenses figures came in at $2.7 billion (Q2 2026), $2.3 billion (Q1 2026), and $2.3 billion (Q4 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Datadog | 91.70 Bn | 86.71 Bn | 881.34 Mn | 875.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 2.66 Bn |
| Mar 31, 2026 | 2.33 Bn |
| Dec 31, 2025 | 2.29 Bn |
| Sep 30, 2025 | 2.06 Bn |
| Jun 30, 2025 | 2.13 Bn |
| Mar 31, 2025 | 1.99 Bn |
| Dec 31, 2024 | 1.95 Bn |
| Sep 30, 2024 | 1.80 Bn |
| Jun 30, 2024 | 1.84 Bn |
| Mar 31, 2024 | 1.75 Bn |
| Dec 31, 2023 | 1.65 Bn |
| Sep 30, 2023 | 1.56 Bn |
| Jun 30, 2023 | 1.56 Bn |
| Mar 31, 2023 | 1.51 Bn |
| Dec 31, 2022 | 1.37 Bn |
| Sep 30, 2022 | 1.34 Bn |
| Jun 30, 2022 | 1.34 Bn |
| Mar 31, 2022 | 1.27 Bn |
| Dec 31, 2021 | 1.21 Bn |
| Sep 30, 2021 | 1.09 Bn |