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ServiceNow NOW Price / earnings

Price / earnings at other companies

International Business Machines logo
International Business MachinesIBM
21.2×-21.0×
Salesforce logo
SalesforceCRM
18×-22.9×
Workday, Inc. logo
Workday, Inc.WDAY
37.1×-93.0×
Oracle logo
OracleORCL
25.8×-12.4×
Accenture logo
AccentureACN
14.7×-10.1×
Cognizant logo
CognizantCTSH
13.2×-2.9×

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/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
Debt / equity0.1×0.0×
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 price / earnings?
ServiceNow (NOW) reported price / earnings of 62.2× in Q1 2026.
How has ServiceNow's price / earnings changed year-over-year?
ServiceNow's price / earnings decreased by 41.8% year-over-year, from 106.9× to 62.2×.
What is the long-term trend for ServiceNow's price / earnings?
Over 5 years (2020 to 2025), ServiceNow's price / earnings has grown at a -37.0% compound annual growth rate (CAGR), from 920.5× to 91×.
What does price / earnings mean?
How many dollars investors pay for each dollar of the company's annual profit.
How do you interpret price / earnings?
Lower can mean cheaper — or that the market expects earnings to fall. High multiples embed growth expectations. Meaningless when earnings are negative, so it is suppressed there.
How does price / earnings compare across companies?
Compare against the company's own history and sector peers, not across sectors with different growth and risk profiles.