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| Date | Value |
|---|---|
| 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 |