ServiceNow (NOW) Operating Leases (2019 - 2026)
ServiceNow's Operating Leases came in at $822 million for Q2 2026, up 0.9% from $815 million a year earlier and unchanged from the prior quarter.
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Analysis
ServiceNow (NOW) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, ServiceNow's Operating Leases was $800 million, up 16.4% from FY2024.
- Operating Leases carries a five-year compound annual growth rate of 13.6% (FY2020 to FY2025).
- Going back by year, Operating Leases was $687 million in FY2024 (-2.8%), $707 million in FY2023 (+8.8%), $650 million in FY2022 (+16.9%) and $556 million in FY2021 (+31.4%).
- Year-over-year, Operating Leases has increased for six consecutive quarters, with growth averaging 9.2% over the last eight quarters.
- The fastest year-over-year change in Operating Leases over five years came in Q2 2022 (growth of 34.0%), and the weakest in Q3 2024 (a decline of 4.7%).
- Business Quant data shows NOW's Operating Leases at $822 million (Q1 2026), $800 million (Q4 2025) and $804 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palantir Technologies | 450.50 Bn | 419.56 Bn | 1.64 Bn |
| 2 | Oracle | 401.01 Bn | 273.57 Bn | - |
| 3 | Sap Se | 257.03 Bn | 178.11 Bn | 8.40 Bn |
| 4 | Salesforce | 187.04 Bn | 142.92 Bn | 8.70 Bn |
| 5 | ServiceNow | 135.91 Bn | 114.37 Bn | 2.82 Bn |
| 6 | Automatic Data Processing | 104.14 Bn | 86.27 Bn | 2.51 Bn |
| 7 | Intuit | 72.30 Bn | 51.65 Bn | 3.44 Bn |
| 8 | Relx | 60.17 Bn | 57.14 Bn | - |
| 9 | Strategy | 55.31 Bn | 48.30 Bn | 81.55 Mn |
| 10 | Workday | 45.49 Bn | 21.61 Bn | 2.00 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 822.00 Mn |
| Mar 31, 2026 | 822.00 Mn |
| Dec 31, 2025 | 800.00 Mn |
| Sep 30, 2025 | 804.00 Mn |
| Jun 30, 2025 | 815.00 Mn |
| Mar 31, 2025 | 806.00 Mn |
| Dec 31, 2024 | 687.00 Mn |
| Sep 30, 2024 | 650.00 Mn |
| Jun 30, 2024 | 669.00 Mn |
| Mar 31, 2024 | 693.00 Mn |
| Dec 31, 2023 | 707.00 Mn |
| Sep 30, 2023 | 682.00 Mn |
| Jun 30, 2023 | 635.00 Mn |
| Mar 31, 2023 | 655.00 Mn |
| Dec 31, 2022 | 650.00 Mn |
| Sep 30, 2022 | 551.00 Mn |
| Jun 30, 2022 | 572.00 Mn |
| Mar 31, 2022 | 548.00 Mn |
| Dec 31, 2021 | 556.00 Mn |
| Sep 30, 2021 | 568.00 Mn |
API Access
ServiceNow Operating Leases 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-leases&ticker=NOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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-leases&ticker=NOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();