ServiceNow (NOW) Operating Margin (2011 - 2026)
ServiceNow (NOW) reported Operating Margin of 13.34% for Q1 2026, down 126.0% on a YoY basis from 51.32% in Q1 2025, and up 7.46% quarter-over-quarter from 12.42% in Q4 2025.
ServiceNow (NOW) Operating Margin (2011 - 2026) Analysis & Trends
ServiceNow has reported Operating Margin for 16 years, with the latest figure at 13.34% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin fell 126.0% year-over-year to 13.34%; the trailing twelve-month figure through Mar 2026 stood at 13.44% (up 51.0% YoY), and the FY2025 full-year result was 13.74%, up 132.0% from the prior year.
- Operating Margin for Q1 2026 stood at 13.34%, up from 12.42% in the prior quarter.
- The five-year high for Operating Margin was 16.79% in Q3 2025, with the low at 1.26% in Q2 2022.
- Historically, Operating Margin has averaged 10.03% across 5 years, with a median of 11.08% in 2023.
- Annual changes were most pronounced in 2022 — Operating Margin slumped 236 bps — and 2024, when it jumped 588 bps.
- ServiceNow's Operating Margin stood at 7.99% in 2022, then jumped by 39 bps to 11.08% in 2023, then advanced by 14 bps to 12.65% in 2024, then declined by 2 bps to 12.42% in 2025, then gained by 7 bps to 13.34% in 2026.
- The last three Operating Margin figures came in at 13.34% (Q1 2026), 12.42% (Q4 2025), and 16.79% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 28.69% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 14.56% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.05% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 21.08% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 29.26% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 13.34% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -22.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 33.82% |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | -23.45% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 13.34% |
| Dec 31, 2025 | 12.42% |
| Sep 30, 2025 | 16.79% |
| Jun 30, 2025 | 11.14% |
| Mar 31, 2025 | 14.60% |
| Dec 31, 2024 | 12.65% |
| Sep 30, 2024 | 14.94% |
| Jun 30, 2024 | 9.14% |
| Mar 31, 2024 | 12.75% |
| Dec 31, 2023 | 11.08% |
| Sep 30, 2023 | 10.10% |
| Jun 30, 2023 | 5.44% |
| Mar 31, 2023 | 6.87% |
| Dec 31, 2022 | 7.99% |
| Sep 30, 2022 | 4.97% |
| Jun 30, 2022 | 1.26% |
| Mar 31, 2022 | 5.05% |
| Dec 31, 2021 | 2.17% |
| Sep 30, 2021 | 4.89% |
| Jun 30, 2021 | 3.62% |