ServiceNow (NOW) Return on Capital Employed [ROCE] (2013 - 2026)
ServiceNow's Return on Capital Employed [ROCE] was 7.48% in Q3 2026, down 5.01 percentage points from 12.49% a year earlier and down 3.10 percentage points from the prior quarter.
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Analysis
ServiceNow (NOW) Return on Capital Employed [ROCE] (2013 - 2026) Analysis & Trends
For FY2025, Return on Capital Employed [ROCE] at ServiceNow came in at 14.29%, up 1.33 percentage points from FY2024.
- Return on Capital Employed [ROCE] has now increased for four consecutive years, with a five-year change of +8.81 percentage points (FY2020 to FY2025).
- In earlier years, Return on Capital Employed [ROCE] was 12.96% in FY2024 (+3.41 pp), 9.55% in FY2023 (+3.68 pp), 5.87% in FY2022 (+0.53 pp) and 5.35% in FY2021 (-0.13 pp).
- The Q3 2026 figure marks the lowest quarterly Return on Capital Employed [ROCE] since Q3 2023.
- Compared with a year earlier, Return on Capital Employed [ROCE] was higher in six of the last eight quarters, with an average year-over-year change of +0.66 percentage points.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was Q2 2024 (a gain of 4.06 percentage points); the worst was Q3 2026 (a drop of 5.01 percentage points).
- Per Business Quant data, NOW's Return on Capital Employed [ROCE] in the three quarters before Q3 2026 was 10.59% (Q2 2026), 12.32% (Q1 2026) and 13.54% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Palantir Technologies | 386.60 Bn | 351.42 Bn | 1.93 Bn | 30.95% |
| 2 | Oracle | 343.94 Bn | 216.07 Bn | - | 9.81% |
| 3 | Sap Se | 272.35 Bn | 199.75 Bn | 8.64 Bn | 34.05% |
| 4 | Salesforce | 175.46 Bn | 131.33 Bn | 8.70 Bn | 10.68% |
| 5 | Automatic Data Processing | 122.07 Bn | 108.86 Bn | 2.53 Bn | -53.96% |
| 6 | ServiceNow | 105.47 Bn | 84.73 Bn | 2.90 Bn | 7.48% |
| 7 | Intuit | 94.25 Bn | 73.60 Bn | 3.44 Bn | 21.09% |
| 8 | Relx | 73.66 Bn | 72.75 Bn | - | - |
| 9 | Strategy | 51.78 Bn | 38.91 Bn | 89.63 Mn | -30.53% |
| 10 | Thomson Reuters | 50.52 Bn | 46.49 Bn | - | 41.35% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 7.48% |
| Jun 30, 2026 | 10.59% |
| 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% |
API Access
ServiceNow Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=NOW&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=NOW&period=max&api_key=YOUR_API_KEY");
const data = await res.json();