ServiceNow (NOW) Operating Leases (2019 - 2026)

ServiceNow (NOW) posted quarterly Operating Leases of $936.0 million for Q2 2026, up 1.85% year-on-year from $919.0 million in Q2 2025, and little changed on a QoQ basis from $940.0 million in Q1 2026.

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

ServiceNow (NOW) has reported Operating Leases for 8 consecutive years, with $936.0 million the latest figure, recorded in Q2 2026.

  • Quarterly Operating Leases rose 1.85% year-over-year to $936.0 million in Q2 2026, while the trailing twelve-month figure through Jun 2026 was $936.0 million (up 1.85% YoY) and the FY2025 annual result came in at $800.0 million, up 16.45% from the prior year.
  • Operating Leases was little changed at $936.0 million in Q2 2026 per NOW's latest filing, from $940.0 million in the prior quarter.
  • Over the last five years, Operating Leases for NOW reached as high as $940.0 million in Q1 2026 and fell as low as $634.0 million in Q1 2022.
  • A 5-year average of $775.0 million and a median of $761.5 million in 2024 frame the typical range for Operating Leases.
  • Annual changes were most pronounced in 2022 — Operating Leases gained 29.98% — and 2024, when it decreased 2.83%.
  • Year by year, Operating Leases stood at $650.0 million in 2022, then increased by 8.77% to $707.0 million in 2023, then slipped by 2.83% to $687.0 million in 2024, then gained by 16.45% to $800.0 million in 2025, then increased by 17.0% to $936.0 million in 2026.
  • According to Business Quant data, Operating Leases over the past three periods registered $936.0 million, $940.0 million, and $800.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn
10 Datadog 86.34 Bn 81.58 Bn 797.20 Mn

Historic Data

Download Data
DateValue
Jun 30, 2026 936.00 Mn
Mar 31, 2026 940.00 Mn
Dec 31, 2025 800.00 Mn
Sep 30, 2025 911.00 Mn
Jun 30, 2025 919.00 Mn
Mar 31, 2025 909.00 Mn
Dec 31, 2024 687.00 Mn
Sep 30, 2024 756.00 Mn
Jun 30, 2024 767.00 Mn
Mar 31, 2024 785.00 Mn
Dec 31, 2023 707.00 Mn
Sep 30, 2023 773.00 Mn
Jun 30, 2023 725.00 Mn
Mar 31, 2023 752.00 Mn
Dec 31, 2022 650.00 Mn
Sep 30, 2022 640.00 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