ServiceNow, Inc.

NOWNYSE

$157.50

Last price · USD

Market cap: $164.9B
P/E: 94.3x
EV / EBITDA: 54.5x
P/S: 12.4x
FCF yield: 2.8%
Div. yield: 0.00%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

ServiceNow, Inc. balance sheet

Annual · USD millions except per-share data · 45 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	3,726	2,304	1,897	1,470	1,728	+21.2%
Short-term investments	2,558	3,458	2,980	2,810	1,576	+12.9%
Cash & short-term investments	6,284	5,762	4,877	4,280	3,304	+17.4%
Net receivables	2,627	2,240	2,036	1,725	1,390	+17.2%
Accounts receivable	2,627	2,240	2,036	1,725	1,390	+17.2%
Prepaids	0	0	0	0	223	—
Other current assets	1,560	1,185	864	649	303	+50.6%
Total current assets	10,471	9,187	7,777	6,654	5,220	+19.0%
Non-current assets
Property, plant & equipment (net)	3,095	2,456	2,073	1,735	1,357	+22.9%
Goodwill	3,578	1,273	1,231	824	777	+46.5%
Intangible assets	1,121	209	224	232	287	+40.6%
Goodwill & intangible assets	4,699	1,482	1,455	1,056	1,064	+45.0%
Long-term investments	5,313	4,583	3,203	2,117	1,630	+34.4%
Tax assets	1,056	1,385	1,508	636	692	+11.1%
Other non-current assets	1,404	1,290	1,371	1,101	835	+13.9%
Total non-current assets	15,567	11,196	9,610	6,645	5,578	+29.3%
Total assets	26,038	20,383	17,387	13,299	10,798	+24.6%
Current liabilities
Accounts payable	204	68	126	274	89	+23.0%
Other payables	195	162	123	109	101	+17.9%
Total payables	399	230	249	383	190	+20.4%
Short-term debt	0	0	0	0	92	—
Capital lease obligations (current)	112	102	89	96	82	+8.1%
Tax payables	0	162	123	109	101	—
Deferred revenue	8,314	6,819	5,785	4,660	3,836	+21.3%
Other current liabilities	791	507	592	376	305	+26.9%
Total current liabilities	10,443	8,358	7,365	6,005	4,949	+20.5%
Non-current liabilities
Long-term debt	1,491	1,489	1,488	1,486	1,484	+0.1%
Capital lease obligations (non-current)	800	687	707	650	556	+9.5%
Deferred revenue (non-current)	120	95	81	70	63	+17.5%
Other non-current liabilities	220	145	118	56	51	+44.1%
Total non-current liabilities	2,631	2,416	2,394	2,262	2,154	+5.1%
Capital lease obligations	912	789	796	746	638	+9.3%
Total debt	2,403	2,278	2,284	2,232	2,214	+2.1%
Total liabilities	13,074	10,774	9,759	8,267	7,103	+16.5%
Stockholders' equity
Common stock	1	1	0	0	0	—
Retained earnings	5,242	3,494	2,069	338	(4)	—
Additional paid-in capital	10,747	7,401	6,131	4,796	3,665	+30.9%
Treasury stock	(3,045)	(1,219)	(535)	0	0	—
Accumulated other comprehensive income (loss)	19	(68)	(37)	(102)	34	-13.5%
Total stockholders' equity	12,964	9,609	7,628	5,032	3,695	+36.9%
Total equity	12,964	9,609	7,628	5,032	3,695	+36.9%
Total liabilities & equity	26,038	20,383	17,387	13,299	10,798	+24.6%
Additional fields
Accrued Expenses	827	700	650	490	444	+16.8%
Net Debt	(1,323)	(26)	387	762	486	—
Total Investments	7,871	8,041	6,183	4,927	3,206	+25.2%

ServiceNow, Inc.

NOWNYSE

$157.50

Last price · USD

Market cap: $164.9B
P/E: 94.3x
EV / EBITDA: 54.5x
P/S: 12.4x
FCF yield: 2.8%
Div. yield: 0.00%

Multiples use last price and FY2025 annual figures. Market cap estimated from diluted shares.

ServiceNow, Inc. balance sheet

Annual · USD millions except per-share data · 45 lines

Fiscal year	2025latest	2024	2023	2022	2021	CAGR
Current assets
Cash & cash equivalents	3,726	2,304	1,897	1,470	1,728	+21.2%
Short-term investments	2,558	3,458	2,980	2,810	1,576	+12.9%
Cash & short-term investments	6,284	5,762	4,877	4,280	3,304	+17.4%
Net receivables	2,627	2,240	2,036	1,725	1,390	+17.2%
Accounts receivable	2,627	2,240	2,036	1,725	1,390	+17.2%
Prepaids	0	0	0	0	223	—
Other current assets	1,560	1,185	864	649	303	+50.6%
Total current assets	10,471	9,187	7,777	6,654	5,220	+19.0%
Non-current assets
Property, plant & equipment (net)	3,095	2,456	2,073	1,735	1,357	+22.9%
Goodwill	3,578	1,273	1,231	824	777	+46.5%
Intangible assets	1,121	209	224	232	287	+40.6%
Goodwill & intangible assets	4,699	1,482	1,455	1,056	1,064	+45.0%
Long-term investments	5,313	4,583	3,203	2,117	1,630	+34.4%
Tax assets	1,056	1,385	1,508	636	692	+11.1%
Other non-current assets	1,404	1,290	1,371	1,101	835	+13.9%
Total non-current assets	15,567	11,196	9,610	6,645	5,578	+29.3%
Total assets	26,038	20,383	17,387	13,299	10,798	+24.6%
Current liabilities
Accounts payable	204	68	126	274	89	+23.0%
Other payables	195	162	123	109	101	+17.9%
Total payables	399	230	249	383	190	+20.4%
Short-term debt	0	0	0	0	92	—
Capital lease obligations (current)	112	102	89	96	82	+8.1%
Tax payables	0	162	123	109	101	—
Deferred revenue	8,314	6,819	5,785	4,660	3,836	+21.3%
Other current liabilities	791	507	592	376	305	+26.9%
Total current liabilities	10,443	8,358	7,365	6,005	4,949	+20.5%
Non-current liabilities
Long-term debt	1,491	1,489	1,488	1,486	1,484	+0.1%
Capital lease obligations (non-current)	800	687	707	650	556	+9.5%
Deferred revenue (non-current)	120	95	81	70	63	+17.5%
Other non-current liabilities	220	145	118	56	51	+44.1%
Total non-current liabilities	2,631	2,416	2,394	2,262	2,154	+5.1%
Capital lease obligations	912	789	796	746	638	+9.3%
Total debt	2,403	2,278	2,284	2,232	2,214	+2.1%
Total liabilities	13,074	10,774	9,759	8,267	7,103	+16.5%
Stockholders' equity
Common stock	1	1	0	0	0	—
Retained earnings	5,242	3,494	2,069	338	(4)	—
Additional paid-in capital	10,747	7,401	6,131	4,796	3,665	+30.9%
Treasury stock	(3,045)	(1,219)	(535)	0	0	—
Accumulated other comprehensive income (loss)	19	(68)	(37)	(102)	34	-13.5%
Total stockholders' equity	12,964	9,609	7,628	5,032	3,695	+36.9%
Total equity	12,964	9,609	7,628	5,032	3,695	+36.9%
Total liabilities & equity	26,038	20,383	17,387	13,299	10,798	+24.6%
Additional fields
Accrued Expenses	827	700	650	490	444	+16.8%
Net Debt	(1,323)	(26)	387	762	486	—
Total Investments	7,871	8,041	6,183	4,927	3,206	+25.2%