Operating Expenses
Operating Lease Cost
ServiceNow Operating Lease Cost increased by 10.5% to $42.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 16.7%, from $36.00M to $42.00M. Over 4 years (FY 2021 to FY 2025), Operating Lease Cost shows an upward trend with a 10.4% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
StatementIncome Statement
SectionOperating Expenses
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026Apr 23, 2026
How to read this metric
Increasing costs signal higher recurring operational overhead related to leased assets.
Detailed definition
The portion of total lease expense specifically attributable to operating leases, recognized on a straight-line basis ov...
Peer comparison
Standard metric for comparing rental and leasing overhead across retail, manufacturing, and logistics sectors.
Metric ID:
cat_operating_lease_costHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $23.00M | $27.00M | $27.00M | $27.00M | $28.00M | $28.00M | $28.00M | $31.00M | $32.00M | $33.00M | $33.00M | $33.00M | $32.00M | $33.00M | $32.00M | $36.00M | $36.00M | $37.00M | $38.00M | $42.00M |
| QoQ Change | — | +17.4% | +0.0% | +0.0% | +3.7% | +0.0% | +0.0% | +10.7% | +3.2% | +3.1% | +0.0% | +0.0% | -3.0% | +3.1% | -3.0% | +12.5% | +0.0% | +2.8% | +2.7% | +10.5% |
| YoY Change | — | — | — | — | +21.7% | +3.7% | +3.7% | +14.8% | +14.3% | +17.9% | +17.9% | +6.5% | +0.0% | +0.0% | -3.0% | +9.1% | +12.5% | +12.1% | +18.8% | +16.7% |
Range$23.00M – $42.00M
CAGR+13.5%
Avg YoY Growth+10.4%
Median YoY Growth+12.3%
Current Streak5 quarters growth
Operating Lease Cost at Other Companies
Frequently Asked Questions
- What is ServiceNow's operating lease cost?
- ServiceNow (NOW) reported operating lease cost of $42.00M in Q1 2026.
- How has ServiceNow's operating lease cost changed year-over-year?
- ServiceNow's operating lease cost increased by 16.7% year-over-year, from $36.00M to $42.00M.
- What is the long-term trend for ServiceNow's operating lease cost?
- Over 4 years (2021 to 2025), ServiceNow's operating lease cost has grown at a 10.4% compound annual growth rate (CAGR), from $99.00M to $147.00M.
- What does operating lease cost mean?
- The expense recognized for operating leases.