ServiceNow (NOW) Operating Expenses (2011 - 2026)
ServiceNow's (NOW) quarterly Operating Expenses came in at $2.7 billion in Q2 2026, up 24.52% on a YoY basis from $2.1 billion in Q2 2025, and up 14.14% quarter-over-quarter from $2.3 billion in Q1 2026.
ServiceNow (NOW) Operating Expenses (2011 - 2026) Analysis & Trends
ServiceNow (NOW) has reported Operating Expenses for 16 consecutive years, with $2.7 billion the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Operating Expenses rose 24.52% year-over-year to $2.7 billion; the trailing twelve-month figure through Jun 2026 stood at $9.3 billion (up 18.68% YoY), and the FY2025 full-year result was $8.5 billion, up 15.52% from the prior year.
- Operating Expenses grew to $2.7 billion in Q2 2026 per NOW's latest filing, from $2.3 billion in the prior quarter.
- Across five years, Operating Expenses topped out at $2.7 billion in Q2 2026 and bottomed at $1.3 billion in Q1 2022.
- Historically, Operating Expenses has averaged $1.8 billion across 5 years, with a median of $1.8 billion in 2024.
- The sharpest annual moves came in 2022 and 2025: Operating Expenses jumped 31.33% in 2022, then gained 13.42% in 2025.
- Over 5 years, Operating Expenses stood at $1.4 billion in 2022, then rose by 20.51% to $1.7 billion in 2023, then advanced by 18.23% to $2.0 billion in 2024, then increased by 17.37% to $2.3 billion in 2025, then climbed by 15.93% to $2.7 billion in 2026.
- According to Business Quant data, Operating Expenses over the past three periods registered $2.7 billion, $2.3 billion, and $2.3 billion for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 460.85 Bn | 451.55 Bn | 1.64 Bn | 726.59 Mn |
| 2 | Oracle | 437.09 Bn | 400.44 Bn | - | 12.62 Bn |
| 3 | Sap Se | 258.74 Bn | 237.66 Bn | 8.40 Bn | -8.41 Bn |
| 4 | Salesforce | 195.52 Bn | 184.12 Bn | 8.70 Bn | 6.37 Bn |
| 5 | ServiceNow | 145.61 Bn | 140.94 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Automatic Data Processing | 104.89 Bn | 100.66 Bn | 2.51 Bn | 4.34 Bn |
| 7 | Intuit | 76.97 Bn | 69.77 Bn | 3.46 Bn | 3.88 Bn |
| 8 | Relx | 60.41 Bn | 60.04 Bn | - | - |
| 9 | Strategy | 57.09 Bn | 54.64 Bn | 81.55 Mn | 8.41 Bn |
| 10 | Workday | 46.40 Bn | 42.99 Bn | 2.21 Bn | 2.34 Bn |
Historic 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 |
ServiceNow Operating Expenses 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=operating-expenses&ticker=NOW&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=NOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();