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.
Analysis
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 Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | ServiceNow | 146.07 Bn | 141.41 Bn | 2.82 Bn | 2.66 Bn |
| 2 | Broadridge Financial Solutions | 19.72 Bn | 19.32 Bn | 853.00 Mn | 1.67 Bn |
| 3 | SS&C Technologies Holdings | 19.62 Bn | 19.26 Bn | 818.30 Mn | 401.20 Mn |
| 4 | UiPath | 6.93 Bn | 5.62 Bn | 341.45 Mn | 313.47 Mn |
| 5 | Pegasystems | 6.14 Bn | 6.14 Bn | 312.69 Mn | 296.05 Mn |
| 6 | Appian | 2.75 Bn | 2.59 Bn | 144.74 Mn | 150.18 Mn |
| 7 | Materialise | 440.64 Mn | 440.54 Mn | 46.23 Mn | -26.21 Mn |
| 8 | Jingbo Technology | 366.51 Mn | 366.12 Mn | 89,520.00 | 687,207.00 |
| 9 | Gloo Holdings | 215.34 Mn | 200.70 Mn | 13.43 Mn | 60.27 Mn |
| 10 | Egain | 159.91 Mn | 76.85 Mn | 16.81 Mn | 14.76 Mn |
Historic Data
Download Data
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 |