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ServiceNow NOW Price / sales

Price / sales at other companies

International Business Machines logo
International Business MachinesIBM
3.3×-0.4×
Salesforce logo
SalesforceCRM
3.4×-3.2×
Workday, Inc. logo
Workday, Inc.WDAY
3.2×-4.1×
Oracle logo
OracleORCL
6.5×-1.8×
Atlassian logo
AtlassianTEAM
2.9×-8.3×
Accenture logo
AccentureACN
1.6×-1.3×

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×

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 / sales?
ServiceNow (NOW) reported price / sales of 7.8× in Q1 2026.
How has ServiceNow's price / sales changed year-over-year?
ServiceNow's price / sales decreased by 45.3% year-over-year, from 14.3× to 7.8×.
What is the long-term trend for ServiceNow's price / sales?
Over 5 years (2020 to 2025), ServiceNow's price / sales has grown at a -13.1% compound annual growth rate (CAGR), from 24.2× to 12×.
What does price / sales mean?
How many dollars investors pay for each dollar of the company's annual sales.
How do you interpret price / sales?
Useful when earnings are negative or volatile (e.g. early-stage or cyclical firms). Only comparable across companies with similar margins — a sales dollar is worth more at a high-margin business.
How does price / sales compare across companies?
Best compared within a margin cohort; a software P/S and a retailer P/S are not directly comparable.