ServiceNow (NOW) Operating Margin (2011 - 2026)
ServiceNow (NOW) posted Operating Margin of 4.06% for Q2 2026, down 7.07 percentage points from 11.14% a year earlier and down 9.28 percentage points from the prior quarter.
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Analysis
ServiceNow (NOW) Operating Margin (2011 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Operating Margin at ServiceNow was 11.40%, down 1.87 percentage points year-over-year; for FY2025, it was 13.74%, up 1.32 percentage points from FY2024.
- Annual Operating Margin has increased for four consecutive years, with a five-year change of +9.33 percentage points (FY2020 to FY2025).
- In prior years, ServiceNow's Operating Margin was 12.42% in FY2024 (+3.92 pp), 8.49% in FY2023 (+3.59 pp), 4.90% in FY2022 (+0.54 pp) and 4.36% in FY2021 (-0.04 pp).
- The Q2 2026 figure stands as the lowest quarterly Operating Margin since Q2 2022.
- On a year-over-year basis, Operating Margin has declined in each of the last three quarters, with an average year-over-year change of +0.44 percentage points over the last eight quarters.
- The strongest year-over-year quarter for Operating Margin in the past five years was Q1 2024, with a gain of 5.88 percentage points; the weakest was Q2 2026, with a drop of 7.07 percentage points.
- According to Business Quant data, Operating Margin for the three prior quarters was 13.34% (Q1 2026), 12.42% (Q4 2025) and 16.79% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 466.13 Bn | 435.08 Bn | 1.64 Bn | 47.12% |
| 2 | Oracle | 383.82 Bn | 255.95 Bn | - | 34.78% |
| 3 | Sap Se | 263.61 Bn | 191.39 Bn | 8.40 Bn | 26.76% |
| 4 | Salesforce | 198.89 Bn | 154.76 Bn | 8.70 Bn | 20.55% |
| 5 | ServiceNow | 149.64 Bn | 128.10 Bn | 2.82 Bn | 4.06% |
| 6 | Automatic Data Processing | 115.45 Bn | 97.58 Bn | 2.51 Bn | -33.33% |
| 7 | Intuit | 89.90 Bn | 69.25 Bn | 3.44 Bn | 10.91% |
| 8 | Relx | 71.97 Bn | 71.07 Bn | - | - |
| 9 | Thomson Reuters | 48.55 Bn | 45.33 Bn | - | 28.56% |
| 10 | Strategy | 47.94 Bn | 40.93 Bn | 81.55 Mn | -6,808.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 4.06% |
| 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% |
API Access
ServiceNow Operating Margin 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-margin&ticker=NOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-margin", "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-margin&ticker=NOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();