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. cash flow statement
Annual · USD millions except per-share data · 33 lines
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 1,748 | 1,425 | 1,731 | 325 | 230 | +66.0% | |
| Depreciation & amortization | 738 | 564 | 562 | 433 | 472 | +11.8% | |
| Deferred income tax | 249 | 98 | (857) | 15 | (34) | — | |
| Stock-based compensation | 1,955 | 1,746 | 1,604 | 1,401 | 1,131 | +14.7% | |
| Change in working capital | 29 | (65) | (101) | 174 | 58 | -15.9% | |
| Accounts receivables | (312) | (254) | (300) | (340) | (401) | — | |
| Accounts payables | 55 | (52) | (142) | 172 | 55 | 0.0% | |
| Other working capital | 286 | 241 | 341 | 342 | 404 | -8.3% | |
| Other non-cash items | 725 | 499 | 459 | 375 | 334 | +21.4% | |
| Net cash from operating activities | 5,444 | 4,267 | 3,398 | 2,723 | 2,191 | +25.6% | |
| Operating cash flow | 5,444 | 4,267 | 3,398 | 2,723 | 2,191 | +25.6% | |
| Investing activities | |||||||
| Investments in PP&E | (868) | (852) | (694) | (550) | (399) | — | |
| Capital expenditure | (868) | (852) | (694) | (550) | (399) | — | |
| Acquisitions, net | (1,084) | (113) | (279) | (91) | (785) | — | |
| Purchases of investments | (3,870) | (5,212) | (4,709) | (4,205) | (2,556) | — | |
| Sales / maturities of investments | 4,138 | 3,752 | 3,522 | 2,245 | 2,119 | +18.2% | |
| Other investing activities | (5) | (76) | (7) | 18 | 14 | — | |
| Net cash from investing activities | (1,689) | (2,501) | (2,167) | (2,583) | (1,607) | — | |
| Financing activities | |||||||
| Net debt issuance | 0 | 0 | 0 | (94) | (61) | — | |
| Long-term net debt issuance | 0 | 0 | 0 | (94) | (61) | — | |
| Net stock issuance | (1,570) | (696) | (538) | 177 | 167 | — | |
| Common stock issuance | 270 | 0 | 0 | 177 | 167 | +12.8% | |
| Common stock repurchased | (1,840) | (696) | (538) | 0 | 0 | — | |
| Net common stock issuance | (1,570) | (696) | (538) | 177 | 167 | — | |
| Other financing activities | (770) | (647) | (265) | (427) | (612) | — | |
| Net cash from financing activities | (2,340) | (1,343) | (803) | (344) | (506) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | 1 | (17) | 1 | (53) | (25) | — | |
| Net change in cash | 1,416 | 406 | 429 | (257) | 53 | +127.4% | |
| Cash at beginning of period | 2,310 | 1,904 | 1,475 | 1,732 | 1,679 | +8.3% | |
| Cash at end of period | 3,726 | 2,310 | 1,904 | 1,475 | 1,732 | +21.1% | |
| Free cash flow | 4,576 | 3,415 | 2,704 | 2,173 | 1,792 | +26.4% | |
| Income taxes paid | 283 | 230 | 127 | 45 | 36 | +67.4% | |
| Interest paid | 22 | 23 | 23 | 24 | 41 | -14.4% | |