Free cash flow
ServiceNow Free cash flow increased by 246.0% to $2.00B in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 44.7%, from $1.38B to $2.00B. Over 4 years (FY 2021 to FY 2025), Free cash flow shows an upward trend with a 26.3% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong operational efficiency and the ability to self-fund future innovation or return capital to shareholders, while a decrease may indicate heavy capital expenditure cycles or declining operational profitability.
Detailed definition
Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and m...
Peer comparison
High-growth semiconductor and AI infrastructure peers typically prioritize reinvestment, so free cash flow margins are often compared against R&D intensity and capital expenditure requirements of industry rivals.
free_cash_flowHistorical Data
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $209.00M | $226.00M | $744.00M | $770.00M | $282.00M | $103.00M | $1.02B | $737.00M | $448.00M | $175.00M | $1.34B | $1.21B | $358.00M | $469.00M | $1.38B | $1.47B | $526.00M | $578.00M | $2.00B |
| QoQ Change | — | +8.1% | +229.2% | +3.5% | -63.4% | -63.5% | +888.3% | -27.6% | -39.2% | -60.9% | +668.0% | -10.3% | -70.3% | +31.0% | +194.7% | +6.5% | -64.3% | +9.9% | +246.0% |
| YoY Change | — | — | — | — | +34.9% | -54.4% | +36.8% | -4.3% | +58.9% | +69.9% | +32.0% | +63.6% | -20.1% | +168.0% | +2.8% | +22.1% | +46.9% | +23.2% | +44.7% |
Free cash flow at Other Companies
Frequently Asked Questions
- What is ServiceNow's free cash flow?
- ServiceNow (NOW) reported free cash flow of $2.00B in Q4 2025.
- How has ServiceNow's free cash flow changed year-over-year?
- ServiceNow's free cash flow increased by 44.7% year-over-year, from $1.38B to $2.00B.
- What is the long-term trend for ServiceNow's free cash flow?
- Over 4 years (2021 to 2025), ServiceNow's free cash flow has grown at a 26.3% compound annual growth rate (CAGR), from $1.80B to $4.58B.
- What does free cash flow mean?
- The cash a company has left over after paying for its operating expenses and capital investments.