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ServiceNow NOW Debt-to-equity

Debt-to-equity at other companies

International Business Machines logo
International Business MachinesIBM
2.3×-0.4×
Salesforce logo
SalesforceCRM
1.2×+1.0×
Workday, Inc. logo
Workday, Inc.WDAY
0.6×+0.2×
Oracle logo
OracleORCL
0.7×-5.3×
Atlassian logo
AtlassianTEAM
1.4×+0.5×
Accenture logo
AccentureACN
0.3×0.0×

Other financials

Income statement

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Revenue$3.8B+22.1%
Gross profit$2.8B+16.1%
Operating income$503.0M+11.5%
Net income$469.0M+2.0%
EPS (diluted)$0.45+2.3%

Balance sheet

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Cash & equivalents$2.7B-19.8%
Total debt$940.0M+3.4%
Total equity$11.7B+15.7%
Total assets$24.4B+16.3%

Cash flow

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Operating cash flow$1.7B-0.4%
CapEx$141.0M-31.2%
Free cash flow$1.5B+3.9%

Valuation

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Market cap$98.02B-33.5%
Enterprise value$96.25B-33.6%
P/E55.8×-40.0×
P/S-5.8×

Profitability

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Gross margin76.6%-2.4pp
Operating margin13.4%+0.5pp
Net margin12.6%-0.8pp
FCF margin33.2%+1.1pp

Returns & leverage

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Return on equity16.1%-0.8pp
Current ratio0.8×-0.3×

Where this comes from

Calculated from ServiceNow’s reported figures.

Based on the most recent quarter.

The official record: ServiceNow’s 10-Q, filed April 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ServiceNow's debt-to-equity?
ServiceNow (NOW) reported debt-to-equity of 0.1× in Q1 2026.
How has ServiceNow's debt-to-equity changed year-over-year?
ServiceNow's debt-to-equity decreased by 10.6% year-over-year, from 0.1× to 0.1×.
What is the long-term trend for ServiceNow's debt-to-equity?
Over 5 years (2020 to 2025), ServiceNow's debt-to-equity has grown at a -37.8% compound annual growth rate (CAGR), from 0.8× to 0.1×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.