ServiceNow, Inc.

NOW 10-Q · Q1 2026

NOW Q1 2026 request

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Income Statement

Income Statement
Metric Q1 2026 Q1 2025 YoY
Revenue 3,770 3,088 +22.1%
Show Product Lines breakouts
License And Service 3,671 3,005 +22.2%
Technology Service 99 83 +19.3%
Show Geography breakouts
Asia Pacific and other 432 343 +25.9%
EMEA 979 782 +25.2%
North America 2,359 1,963 +20.2%
Cost of Revenue 940 651 +44.4%
Show Product Lines breakouts
License And Service 820 561 +46.2%
Technology Service 120 90 +33.3%
Gross Profit 2,830 2,437 +16.1%
Research & Development 823 703 +17.1%
Sales & Marketing 1,216 1,054 +15.4%
General & Administrative 288 229 +25.8%
Operating Expenses 2,327 1,986 +17.2%
Operating Income 503 451 +11.5%
Other Non-Operating Income (Expense) 82 -11 +845.5%
Income Before Taxes 673 555 +21.3%
Income Tax Expense (Benefit) 204 95 +114.7%
Comprehensive Income 457 458 -0.2%
EPS (Basic) 0.45 0.44 +2.3%
EPS (Diluted) 0.45 0.44 +2.3%
Wtd Avg Shares (Basic) 1,035,138 1,034,098 +0.1%
Wtd Avg Shares (Diluted) 1,039,884 1,046,852 -0.7%
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax 43 -52 +182.7%

Balance Sheet

Balance Sheet
Metric Q1 2026 Q1 2025 YoY
Current Assets
Cash & Cash Equivalents 2,702 3,369 -19.8%
Available For Sale Securities Debt Securities Current 2,480 3,228 -23.2%
Accounts Receivable 1,713 1,359 +26.0%
Contract With Customer Asset Net Current 591 533 +10.9%
Prepaid Expenses & Other Current Assets 949 781 +21.5%
Total Current Assets 8,435 9,270 -9.0%
Non-Current Assets
Contract With Customer Asset Net Noncurrent 1,129 1,012 +11.6%
Available For Sale Securities Debt Securities Noncurrent 2,724 4,335 -37.2%
Property, Plant & Equipment 2,250 1,885 +19.4%
Show Geography breakouts
Asia Pacific and other 277 229 +21.0%
EMEA 522 449 +16.3%
North America 1,451 1,207 +20.2%
Operating Lease Right-of-Use Assets 831 810 +2.6%
Goodwill 4,541
Deferred Tax Assets 914 1,361 -32.8%
Other Non-Current Assets 335 764 -56.2%
Total Assets 24,381 20,972 +16.3%
Intangible Assets 1,479
Other Assets
Other Long Term Investments 1,743
Intangible Assets Net Excluding Goodwill 1,479
Current Liabilities
Accounts Payable 427 309 +38.2%
Accrued Liabilities 1,408 1,109 +27.0%
Deferred Revenue (Current) 8,030 6,737 +19.2%
Operating Lease Liability Current 118 103 +14.6%
Total Current Liabilities 9,983 8,258 +20.9%
Non-Current Liabilities
Contract With Customer Liability Noncurrent 99 117 -15.4%
Operating Lease Liabilities 822 806 +2.0%
Other Non-Current Liabilities 258 162 +59.3%
Total Liabilities 12,653 10,833 +16.8%
Long-Term Debt (Q)
Show Debt Instrument breakouts
2030 Notes 1,491 1,490 +0.1%
Other Liabilities
Convertible Long Term Notes Payable 1,491 1,490 +0.1%
Stockholders' Equity
Common Stock 1
Treasury Stock Common Value -5,375 -1,513 -255.3%
Additional Paid In Capital Common Stock 11,384 7,768 +46.5%
Accumulated Other Comprehensive Income 7 -70 +110.0%
Retained Earnings 5,711 3,954 +44.4%
Total Stockholders' Equity 11,728 10,139 +15.7%
Show Equity Components breakouts
Accumulated Gain Loss Net Cash Flow Hedge Parent 5 -2 +350.0%
Accumulated Net Unrealized Investment Gain Loss -20 -13 -53.8%
Accumulated Other Comprehensive Income 7 -70 +110.0%
Accumulated Translation Adjustment 22 -55 +140.0%
Additional Paid In Capital 11,384 7,767 +46.6%
Common Stock 1 1 0.0%
Retained Earnings 5,711 3,954 +44.4%
Treasury Stock Common -5,375 -1,513 -255.3%
Total Liabilities & Equity 24,381 20,972 +16.3%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q1 2026 YTD Q1 2025 YoY
Operating Activities
Net Income 469 460 +2.0%
Show Equity Components breakouts
Retained Earnings 469 460 +2.0%
Depreciation & Amortization 258 160 +61.3%
Amortization Of Deferred Sales Commissions 168 145 +15.9%
Stock-Based Compensation 547 470 +16.4%
Show Product Lines breakouts
License And Service · Cost Of Sales 84 68 +23.5%
Technology Service · Cost Of Sales 12 11 +9.1%
Show Income Statement Location breakouts
General And Administrative Expense 76 58 +31.0%
Research And Development Expense 236 185 +27.6%
Sales and marketing 150 148 +1.4%
Increase Decrease In Deferred Income Taxes 102 32 +218.8%
Other Operating Activities Cash Flow Statement -82 4 -2150.0%
Increase Decrease In Receivables 912 901 +1.2%
Increase Decrease In Deferred Charges -195 -155 -25.8%
Change in Prepaid & Other Assets -42 -139 +69.8%
Change in Accounts Payable 250 234 +6.8%
Change in Deferred Revenue -278 -148 -87.8%
Increase Decrease In Accrued Liabilities And Other Operating Liabilities -439 -287 -53.0%
Net Cash from Operations 1,670 1,677 -0.4%
Investing Activities
Capital Expenditures -141 -205 +31.2%
Payments To Acquire Businesses Net Of Cash Acquired -1,325 -18 -7261.1%
Payments To Acquire Investments -31 -1,140 +97.3%
Payments To Acquire Non Marketable Investments -121 -4 -2925.0%
Proceeds From Sale And Maturity Of Available For Sale Securities 1,139 1,181 -3.6%
Other Investing Activities 28 3 +833.3%
Net Cash from Investing -451 -217 -107.8%
Financing Activities
Proceeds From Stock Plans 153 153 0.0%
Share Repurchases -2,225 -298 -646.6%
Tax Withholding for Share Compensation -164 -253 +35.2%
Net Cash from Financing -2,236 -398 -461.8%
Supplemental
Interest Paid 11 11 0.0%
Income Taxes Paid 38 36 +5.6%
Unpaid Capital Expenditures 100 56 +78.6%
Other Cash Flow
Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents -5 5 -200.0%
Net Change in Cash -1,022 1,067 -195.8%
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents 2,710 3,377 -19.8%
Restricted Cash Current 8 8 0.0%

Values in millions USD. Source: SEC EDGAR 10-Q filing.

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