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ServiceNow NOW Strategic investments

Strategic investments at other companies

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Other financials

Income statement

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Revenue$4.0B+24.0%
Gross profit$2.8B+13.1%
Operating income$162.0M-54.7%
Net income$298.0M-22.6%
EPS (diluted)$0.29-84.2%

Balance sheet

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Cash & equivalents$2.5B-19.7%
Total debt$8.5B+820%
Total equity$12.5B+14.5%
Total assets$31.7B+43.6%

Cash flow

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Operating cash flow$587.0M-18.0%
CapEx$114.0M-40.0%
Free cash flow$473.0M-10.1%

Valuation

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Market cap$121.19B-36.0%
Enterprise value$127.13B-32.1%
P/E72.6×-41.4×
P/S8.2×-7.5×

Profitability

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Gross margin74.8%-3.7pp
Operating margin11.4%-1.9pp
Net margin11.3%-2.4pp
FCF margin31.1%-0.8pp

Returns & leverage

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Return on equity14.2%-2.7pp
Debt / equity0.7×+0.6×
Current ratio0.7×-0.4×

Where this comes from

Reported directly by ServiceNow in its filing.

Tagged under the XBRL concept us-gaap:OtherLongTermInvestments.

The source filing: ServiceNow’s 10-Q, filed July 23, 2026.

Filed
Jul 22, 2026, 8:00 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001373715-26-000076
AssetsJune 30, 2026 / (unaudited)December 31, 2025
Total current assets8,51410,471
Deferred commissions, less current portion1,1361,114
Long-term marketable securities2,0433,771
Strategic investments2,0731,542
Property and equipment, net2,1772,289
Operating lease right-of-use assets836806
Intangible assets, net3,7811,121
Goodwill9,8373,578

Item 1. Financial Statements

FAQ

What is ServiceNow's strategic investments?
ServiceNow (NOW) reported strategic investments of $2.07B in Q2 2026.
How has ServiceNow's strategic investments changed year-over-year?
ServiceNow's strategic investments increased by 244.9% year-over-year, from $601M to $2.07B.
What is the long-term trend for ServiceNow's strategic investments?
Over 5 years (2020 to 2025), ServiceNow's strategic investments has grown at a 122.9% compound annual growth rate (CAGR), from $28M to $1.54B.
What does strategic investments mean?
This category includes strategic equity investments in other companies or long-term financial instruments that do not qualify as marketable securities. These investments are typically held to foster strategic partnerships, gain access to new technologies, or support the broader ecosystem.

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