ServiceNow (NOW) Research & Development (2011 - 2026)
ServiceNow (NOW) recorded Research & Development of $956 million in Q3 2026, up 27.5% from $750 million a year earlier and up 4.5% from the prior quarter.
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Analysis
ServiceNow (NOW) Research & Development (2011 - 2026) Analysis & Trends
On a TTM basis, ServiceNow's Research & Development came in at $3.47 billion as of Sep 30, 2026, up 21.4% year-over-year; for FY2025, it was $2.96 billion, up 16.4% from FY2024.
- Annual Research & Development has increased for 14 straight years, with a five-year compound annual growth rate of 23.7% (FY2020 to FY2025).
- Across earlier years, Research & Development came in at $2.54 billion in FY2024 (+19.7%), $2.12 billion in FY2023 (+20.1%), $1.77 billion in FY2022 (+26.6%) and $1.4 billion in FY2021 (+36.4%).
- The Q3 2026 figure is the highest quarterly Research & Development in data going back to Q3 2012.
- On a year-over-year basis, Research & Development has increased for 53 consecutive quarters, with growth averaging 19.2% over the last eight quarters.
- Across the past five years, year-over-year growth in Research & Development ran from 14.0% in Q3 2024 to 38.0% in Q4 2021.
- Per Business Quant, the preceding three quarters came in at $915 million (Q2 2026), $823 million (Q1 2026) and $773 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 413.65 Bn | 378.59 Bn | 1.93 Bn | 219.72 Mn |
| 2 | Oracle | 374.28 Bn | 246.84 Bn | - | 2.40 Bn |
| 3 | Sap Se | 294.90 Bn | 222.88 Bn | 8.64 Bn | 2.15 Bn |
| 4 | Salesforce | 186.99 Bn | 142.87 Bn | 8.70 Bn | 1.69 Bn |
| 5 | Automatic Data Processing | 120.08 Bn | 106.87 Bn | 2.53 Bn | 251.30 Mn |
| 6 | ServiceNow | 113.02 Bn | 92.28 Bn | 2.90 Bn | 956.00 Mn |
| 7 | Intuit | 95.72 Bn | 75.07 Bn | 3.44 Bn | 857.00 Mn |
| 8 | Relx | 74.73 Bn | 73.84 Bn | - | - |
| 9 | Strategy | 57.35 Bn | 44.49 Bn | 89.63 Mn | 24.06 Mn |
| 10 | Thomson Reuters | 52.16 Bn | 48.13 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 956.00 Mn |
| Jun 30, 2026 | 915.00 Mn |
| Mar 31, 2026 | 823.00 Mn |
| Dec 31, 2025 | 773.00 Mn |
| Sep 30, 2025 | 750.00 Mn |
| Jun 30, 2025 | 734.00 Mn |
| Mar 31, 2025 | 703.00 Mn |
| Dec 31, 2024 | 668.00 Mn |
| Sep 30, 2024 | 626.00 Mn |
| Jun 30, 2024 | 643.00 Mn |
| Mar 31, 2024 | 606.00 Mn |
| Dec 31, 2023 | 562.00 Mn |
| Sep 30, 2023 | 549.00 Mn |
| Jun 30, 2023 | 521.00 Mn |
| Mar 31, 2023 | 492.00 Mn |
| Dec 31, 2022 | 454.00 Mn |
| Sep 30, 2022 | 456.00 Mn |
| Jun 30, 2022 | 444.00 Mn |
| Mar 31, 2022 | 414.00 Mn |
| Dec 31, 2021 | 392.00 Mn |
API Access
ServiceNow Research & Development 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=research-and-development&ticker=NOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "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=research-and-development&ticker=NOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();