ServiceNow (NOW) Return on Capital Employed (2013 - 2026)
ServiceNow (NOW) reported Return on Capital Employed of 12.32% for Q1 2026, up 38.0% on a YoY basis from 8.93% in Q1 2025, and down 9.01% quarter-over-quarter from 13.54% in Q4 2025.
ServiceNow (NOW) Return on Capital Employed (2013 - 2026) Analysis & Trends
ServiceNow has reported Return on Capital Employed for 14 years, with the latest figure at 12.32% in Q1 2026.
- For the quarter ending Q1 2026, Return on Capital Employed rose 38.0% year-over-year to 12.32%; the trailing twelve-month figure through Mar 2026 stood at 12.32% (up 38.0% YoY), and the FY2025 full-year result was 14.29%, up 133.0% from the prior year.
- Return on Capital Employed for Q1 2026 stood at 12.32%, down from 13.54% in the prior quarter.
- The five-year high for Return on Capital Employed was 13.54% in Q4 2025, with the low at 3.46% in Q2 2022.
- Historically, Return on Capital Employed has averaged 8.74% across 5 years, with a median of 9.11% in 2024.
- Annual changes were most pronounced in 2022 — Return on Capital Employed slumped 115 bps — and 2024, when it soared 406 bps.
- ServiceNow's Return on Capital Employed stood at 5.73% in 2022, then jumped by 50 bps to 8.59% in 2023, then jumped by 44 bps to 12.34% in 2024, then rose by 10 bps to 13.54% in 2025, then retreated by 9 bps to 12.32% in 2026.
- The last three Return on Capital Employed figures came in at 12.32% (Q1 2026), 13.54% (Q4 2025), and 12.49% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 40.19% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | 9.54% |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 12.81% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.40% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 10.65% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 17.43% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.32% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -20.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 51.24% |
| 10 | Snowflake | 82.57 Bn | 79.61 Bn | 926.45 Mn | -25.94% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 12.32% |
| Dec 31, 2025 | 13.54% |
| Sep 30, 2025 | 12.49% |
| Jun 30, 2025 | 12.30% |
| Mar 31, 2025 | 11.94% |
| Dec 31, 2024 | 12.34% |
| Sep 30, 2024 | 10.92% |
| Jun 30, 2024 | 10.02% |
| Mar 31, 2024 | 9.11% |
| Dec 31, 2023 | 8.59% |
| Sep 30, 2023 | 6.88% |
| Jun 30, 2023 | 5.96% |
| Mar 31, 2023 | 5.35% |
| Dec 31, 2022 | 5.73% |
| Sep 30, 2022 | 3.52% |
| Jun 30, 2022 | 3.46% |
| Mar 31, 2022 | 4.09% |
| Dec 31, 2021 | 4.95% |
| Sep 30, 2021 | 4.33% |
| Jun 30, 2021 | 4.61% |