ServiceNow (NOW) Operating Leases (2019 - 2026)

ServiceNow (NOW) reported Operating Leases of $940.0 million for Q1 2026, up 16.63% on a YoY basis from $806.0 million in Q1 2025, and up 17.5% quarter-over-quarter from $800.0 million in Q4 2025.

ServiceNow (NOW) Operating Leases (2019 - 2026) Analysis & Trends

ServiceNow has reported Operating Leases for 8 years, with the latest figure at $940.0 million in Q1 2026.

  • For the quarter ending Q1 2026, Operating Leases rose 16.63% year-over-year to $940.0 million; the trailing twelve-month figure through Mar 2026 stood at $940.0 million (up 16.63% YoY), and the FY2025 full-year result was $800.0 million, up 16.45% from the prior year.
  • Operating Leases for Q1 2026 stood at $940.0 million, up from $800.0 million in the prior quarter.
  • The five-year high for Operating Leases was $940.0 million in Q1 2026, with the low at $551.0 million in Q3 2022.
  • Historically, Operating Leases has averaged $731.6 million across 5 years, with a median of $707.0 million in 2023.
  • The largest YoY upside for Operating Leases was 54.33% in 2022 against a maximum downside of 15.23% in 2022.
  • ServiceNow's Operating Leases stood at $650.0 million in 2022, then advanced by 8.77% to $707.0 million in 2023, then fell by 2.83% to $687.0 million in 2024, then grew by 16.45% to $800.0 million in 2025, then grew by 17.5% to $940.0 million in 2026.
  • The last three Operating Leases figures came in at $940.0 million (Q1 2026), $800.0 million (Q4 2025), and $911.0 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Sap Se 238.14 Bn 220.17 Bn 8.16 Bn
2 Full Truck Alliance 166.83 Bn 164.28 Bn -
3 Uber Technologies 150.36 Bn 149.32 Bn 11.88 Bn
4 Shopify 147.75 Bn 142.01 Bn 1.55 Bn
5 Salesforce 140.39 Bn 128.55 Bn 8.56 Bn
6 Cadence Design Systems 105.73 Bn 104.32 Bn 1.26 Bn
7 ServiceNow 105.42 Bn 100.24 Bn 2.83 Bn
8 Automatic Data Processing 89.57 Bn 86.34 Bn 2.87 Bn
9 Adobe 85.05 Bn 78.16 Bn 5.90 Bn
10 Snowflake 82.57 Bn 79.61 Bn 926.45 Mn

Historic Data

Download Data
DateValue
Mar 31, 2026 940.00 Mn
Dec 31, 2025 800.00 Mn
Sep 30, 2025 911.00 Mn
Jun 30, 2025 815.00 Mn
Mar 31, 2025 806.00 Mn
Dec 31, 2024 687.00 Mn
Sep 30, 2024 756.00 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 725.00 Mn
Mar 31, 2023 752.00 Mn
Dec 31, 2022 650.00 Mn
Sep 30, 2022 551.00 Mn
Jun 30, 2022 659.00 Mn
Mar 31, 2022 634.00 Mn
Dec 31, 2021 556.00 Mn
Sep 30, 2021 650.00 Mn
Jun 30, 2021 427.00 Mn