Stocks·NYSE:NOW

ServiceNow (NOW)

OverviewFinancialsOwnersFilings
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Revenue, last 12 months$15.4B+22% vs. a year before
Free cash flow, last 12 months$4.75BBringing in cash
Cash and short-term investments$4.61BDebt: $5.44B
Shares outstanding, past year-0.2%1B shares now
Backlog (signed, not yet booked)$29.7BAs of Sep 30, 2026

My take

No average analyst target in this video.

Every video where I mention NOW

The last 12 months

  1. Oct 29, 2026VideoMy video: ServiceNow Stock Fell 15% After Beating Earnings. Here's Why (NOW)
  2. Oct 28, 202610-QQuarterly report
  3. Oct 28, 20268-K/AReleased quarterly results
  4. Oct 28, 20268-KReleased quarterly results
  5. Aug 20, 2026S-8Registered shares for employee stock plans
  6. Jul 23, 202610-QQuarterly report
  7. Jul 22, 2026S-8Registered shares for employee stock plans
  8. Jul 22, 2026S-8Registered shares for employee stock plans
  9. Jul 22, 20268-KReleased quarterly results
  10. May 22, 20268-KExecutive or board change; Shareholder vote results
  11. May 15, 20268-KSigned a major agreement; Took on new debt; Other news
  12. Apr 30, 2026SCHEDULE 13GAn investor reported a 5%+ stake
  13. Apr 23, 202610-QQuarterly report
  14. Apr 22, 20268-KSigned a major agreement; Released quarterly results; Took on new debt

All filings →

Revenue by year
2016: $1.39B20162017: $1.93B20172018: $2.61B20182019: $3.46B20192020: $4.52B20202021: $5.90B20212022: $7.25B20222023: $8.97B20232024: $11B20242025: $13.3B2025$13.3B
Show the numbers
Revenue by year
2016$1.39B
2017$1.93B
2018$2.61B
2019$3.46B
2020$4.52B
2021$5.90B
2022$7.25B
2023$8.97B
2024$11B
2025$13.3B
Revenue by quarter calendar quarter the period ended in
Q4 23: $2.44BQ1 24: $2.60BQ1 24Q2 24: $2.63BQ3 24: $2.80BQ3 24Q4 24: $2.96BQ1 25: $3.09BQ1 25Q2 25: $3.21BQ3 25: $3.41BQ3 25Q4 25: $3.57BQ1 26: $3.77BQ1 26Q2 26: $3.99BQ3 26: $4.11BQ3 26$4.11B
Show the numbers
Revenue by quarter
Q4 23$2.44B
Q1 24$2.60B
Q2 24$2.63B
Q3 24$2.80B
Q4 24$2.96B
Q1 25$3.09B
Q2 25$3.21B
Q3 25$3.41B
Q4 25$3.57B
Q1 26$3.77B
Q2 26$3.99B
Q3 26$4.11B
Operating income (loss) by year profit from the business before interest and taxes
2016: -$382M20162017: -$64.4M20172018: -$42.4M20182019: $42M20192020: $199M20202021: $257M20212022: $355M20222023: $762M20232024: $1.36B20242025: $1.82B2025$1.82B
Show the numbers
Operating income (loss) by year
2016-$382M
2017-$64.4M
2018-$42.4M
2019$42M
2020$199M
2021$257M
2022$355M
2023$762M
2024$1.36B
2025$1.82B
Free cash flow by year cash from operations minus spending on buildings and equipment
2016: $53.5M20162017: $492M20172018: $587M20182019: $971M20192020: $1.37B20202021: $1.80B20212022: $2.17B20222023: $2.70B20232024: $3.42B20242025: $4.58B2025$4.58B
Show the numbers
Free cash flow by year
2016$53.5M
2017$492M
2018$587M
2019$971M
2020$1.37B
2021$1.80B
2022$2.17B
2023$2.70B
2024$3.42B
2025$4.58B
Cash vs. debt

Cash and short-term investmentsDebt

2016 · Cash and short-term investments: $899M2016 · Debt: $020162017 · Cash and short-term investments: $1.78B2017 · Debt: $543M20172018 · Cash and short-term investments: $1.50B2018 · Debt: $020182019 · Cash and short-term investments: $1.69B2019 · Debt: $748M20192020 · Cash and short-term investments: $3.09B2020 · Debt: $1.64B20202021 · Cash and short-term investments: $3.30B2021 · Debt: $92M20212022 · Cash and short-term investments: $4.28B2022 · Debt: $020222023 · Cash and short-term investments: $4.88B20232024 · Cash and short-term investments: $5.76B20242025 · Cash and short-term investments: $6.28B2025 · Debt: $1.49B2025
Show the numbers
Cash and short-term investmentsDebt
2016$899M$0
2017$1.78B$543M
2018$1.50B$0
2019$1.69B$748M
2020$3.09B$1.64B
2021$3.30B$92M
2022$4.28B$0
2023$4.88Bn/a
2024$5.76Bn/a
2025$6.28B$1.49B
How it makes money: Q3 2026 revenue by product or service; the thin line is a year earlier
  • Subscription$3.99B 97% +21% vs. a year ago
  • Professional services and other$118M 3% +9% vs. a year ago

From the 10-Q filed Oct 28, 2026. Source.

Stock pay vs. buybacks

Stock-based pay to employeesSpent buying back shares

2020 · Stock-based pay to employees: $870M2020 · Spent buying back shares: $020202021 · Stock-based pay to employees: $1.13B2021 · Spent buying back shares: $020212022 · Stock-based pay to employees: $1.40B2022 · Spent buying back shares: $020222023 · Stock-based pay to employees: $1.60B2023 · Spent buying back shares: $538M20232024 · Stock-based pay to employees: $1.75B2024 · Spent buying back shares: $696M20242025 · Stock-based pay to employees: $1.96B2025 · Spent buying back shares: $1.84B2025
Show the numbers
Stock-based pay to employeesSpent buying back shares
2020$870M$0
2021$1.13B$0
2022$1.40B$0
2023$1.60B$538M
2024$1.75B$696M
2025$1.96B$1.84B

If buybacks are smaller than stock pay, the buyback isn't shrinking the share count; it's soaking up shares handed to employees.

Backlog (remaining performance obligations) contracts signed but not yet booked as revenue
Q4 23: $18BQ1 24: $17.7BQ1 24Q2 24: $18.6BQ3 24: $19.5BQ3 24Q4 24: $22.3BQ1 25: $22.1BQ1 25Q2 25: $23.9BQ3 25: $24.3BQ3 25Q4 25: $28.2BQ1 26: $27.7BQ1 26Q2 26: $29BQ3 26: $29.7BQ3 26$29.7B
Show the numbers
Backlog (remaining performance obligations)
Q4 23$18B
Q1 24$17.7B
Q2 24$18.6B
Q3 24$19.5B
Q4 24$22.3B
Q1 25$22.1B
Q2 25$23.9B
Q3 25$24.3B
Q4 25$28.2B
Q1 26$27.7B
Q2 26$29B
Q3 26$29.7B

Compare NOW with other stocks →

From the company's own SEC filings via SEC EDGAR, latest period ended Sep 30, 2026. Numbers can be restated later. Not investment advice.

Dilution

Shares outstanding adjusted for the 5-for-1 split
Jan 2023: 1BMar 2023: 1BMar 2023Jun 2023: 1BSep 2023: 1BSep 2023Jan 2024: 1BApr 2024: 1BApr 2024Jun 2024: 1BSep 2024: 1BSep 2024Jan 2025: 1BMar 2025: 1BMar 2025Jun 2025: 1BSep 2025: 1BSep 2025Jan 2026: 1BMar 2026: 1BMar 2026Jun 2026: 1BSep 2026: 1BSep 20261B
Show the numbers
Shares outstanding
Jan 20231B
Mar 20231B
Jun 20231B
Sep 20231B
Jan 20241B
Apr 20241B
Jun 20241B
Sep 20241B
Jan 20251B
Mar 20251B
Jun 20251B
Sep 20251B
Jan 20261B
Mar 20261B
Jun 20261B
Sep 20261B

The share count is down -0.2% over the past year. What dilution means.

Insider trades

Insider buys, 12 months2$3M
Insider sales, 12 months29$9.26M, 22 planned in advance

Bought or sold on the open market

DateWhoWhatSharesValueFiling
Aug 31, 2026Paul Fipps
President, Global Customer Ops
Sold on the market2K$301KForm 4
Aug 28, 2026Jacqueline P Canney
Chief People & AI Enblmt. Off.
Sold on the market (planned)7.8K$1.08MForm 4
Aug 27, 2026Paul Edward Chamberlain
Director
Sold on the market2.7K$366KForm 4
Aug 13, 2026Paul Edward Chamberlain
Director
Sold on the market (planned)1.5K$188KForm 4
May 28, 2026Teresa Briggs
Director
Sold on the market1.6K$173KForm 4
May 18, 2026Paul Fipps
President, Global Customer Ops
Sold on the market (planned)1K$103KForm 4
May 14, 2026Anita M Sands
Director
Sold on the market16.4K$1.48MForm 4
May 14, 2026Paul Edward Chamberlain
Director
Sold on the market (planned)1.5K$131KForm 4
May 8, 2026Paul Fipps
President, Global Customer Ops
Sold on the market (planned)151$13.7KForm 4
Apr 24, 2026Jacqueline P Canney
Chief People & AI Enblmt. Off.
Sold on the market8.9K$800KForm 4
Feb 27, 2026William R McDermott
Chairman & CEO, Director
Bought on the market (planned)
2 trades that day
28.7K$3MForm 4
Feb 23, 2026Paul Fipps
President, Global Customer Ops
Sold on the market (planned)3.7K$376KForm 4
Feb 18, 2026Paul Fipps
President, Global Customer Ops
Sold on the market (planned)9.6K$1.02MForm 4
Feb 13, 2026Kevin Thomas McBride
Principal Accounting Officer
Sold on the market (planned)1.4K$148KForm 4
Feb 12, 2026Paul Edward Chamberlain
Director
Sold on the market (planned)1.5K$152KForm 4
Everything else: grants, option exercises, tax withholding (179)
DateWhoWhatSharesValueFiling
Aug 17, 2026William R McDermott
Chairman & CEO, Director
Exercised options4.2Kn/aForm 4
Aug 17, 2026William R McDermott
Chairman & CEO, Director
Shares withheld for taxes2.2K$263KForm 4
Aug 17, 2026Jacqueline P Canney
Chief People & AI Enblmt. Off.
Exercised options970n/aForm 4
Aug 17, 2026Jacqueline P Canney
Chief People & AI Enblmt. Off.
Shares withheld for taxes496$58.4KForm 4
Aug 17, 2026Paul Fipps
President, Global Customer Ops
Exercised options
2 trades that day
640n/aForm 4
Aug 17, 2026Paul Fipps
President, Global Customer Ops
Shares withheld for taxes
2 trades that day
256$30.1KForm 4
Aug 17, 2026Danielle Fontaine
Principal Accounting Officer
Exercised options485n/aForm 4
Aug 17, 2026Danielle Fontaine
Principal Accounting Officer
Shares withheld for taxes168$19.8KForm 4
Aug 17, 2026Gina Mastantuono
President and CFO
Exercised options1.6Kn/aForm 4
Aug 17, 2026Gina Mastantuono
President and CFO
Shares withheld for taxes858$101KForm 4
Aug 14, 2026William R McDermott
Chairman & CEO, Director
Exercised options
2 trades that day
15.2Kn/aForm 4
Aug 14, 2026William R McDermott
Chairman & CEO, Director
Shares withheld for taxes
2 trades that day
8.1K$1.01MForm 4
Aug 14, 2026Paul Fipps
President, Global Customer Ops
Exercised options
3 trades that day
7.7Kn/aForm 4
Aug 14, 2026Paul Fipps
President, Global Customer Ops
Shares withheld for taxes
3 trades that day
3.1K$379KForm 4
Aug 14, 2026Hossein Nowbar
Pres. & Chief Legal Officer
Exercised options
2 trades that day
5.1Kn/aForm 4
Aug 14, 2026Hossein Nowbar
Pres. & Chief Legal Officer
Shares withheld for taxes
2 trades that day
2K$247KForm 4
Aug 14, 2026Jacqueline P Canney
Chief People & AI Enblmt. Off.
Exercised options
2 trades that day
5.1Kn/aForm 4
Aug 14, 2026Jacqueline P Canney
Chief People & AI Enblmt. Off.
Shares withheld for taxes
2 trades that day
2.6K$320KForm 4
Aug 14, 2026Amit Zavery
President, CPO and COO
Exercised options
2 trades that day
10.3Kn/aForm 4
Aug 14, 2026Amit Zavery
President, CPO and COO
Shares withheld for taxes
2 trades that day
5.5K$688KForm 4
Aug 14, 2026Gina Mastantuono
President and CFO
Exercised options
2 trades that day
8Kn/aForm 4
Aug 14, 2026Gina Mastantuono
President and CFO
Shares withheld for taxes
2 trades that day
4.3K$530KForm 4
Aug 14, 2026Danielle Fontaine
Principal Accounting Officer
Exercised options
2 trades that day
975n/aForm 4
Aug 14, 2026Danielle Fontaine
Principal Accounting Officer
Shares withheld for taxes
2 trades that day
338$41.9KForm 4
Aug 7, 2026Paul Fipps
President, Global Customer Ops
Exercised options
4 trades that day
5.4Kn/aForm 4
Aug 7, 2026Paul Fipps
President, Global Customer Ops
Shares withheld for taxes
4 trades that day
2.2K$271KForm 4
Aug 7, 2026Gina Mastantuono
President and CFO
Exercised options3.9Kn/aForm 4
Aug 7, 2026Gina Mastantuono
President and CFO
Shares withheld for taxes2.1K$265KForm 4
Aug 7, 2026Amit Zavery
President, CPO and COO
Exercised options10Kn/aForm 4
Aug 7, 2026Amit Zavery
President, CPO and COO
Shares withheld for taxes5.4K$671KForm 4
Aug 7, 2026William R McDermott
Chairman & CEO, Director
Exercised options8.8Kn/aForm 4
Aug 7, 2026William R McDermott
Chairman & CEO, Director
Shares withheld for taxes4.7K$588KForm 4
Aug 7, 2026Jacqueline P Canney
Chief People & AI Enblmt. Off.
Exercised options2.6Kn/aForm 4
Aug 7, 2026Jacqueline P Canney
Chief People & AI Enblmt. Off.
Shares withheld for taxes1.3K$168KForm 4
Aug 7, 2026Danielle Fontaine
Principal Accounting Officer
Exercised options305n/aForm 4
Aug 7, 2026Danielle Fontaine
Principal Accounting Officer
Shares withheld for taxes106$13.2KForm 4
Jun 15, 2026Eric S. Yuan
Director
Grant or award2.7Kn/aForm 4
May 21, 2026Frederic B Luddy
Director
Grant or award3.3Kn/aForm 4
May 21, 2026Teresa Briggs
Director
Grant or award3.3Kn/aForm 4
May 21, 2026Paul Edward Chamberlain
Director
Grant or award3.3Kn/aForm 4

An insider buying with their own money is a stronger signal than a sale: people sell for taxes, houses and diversification. "Planned" sales were scheduled months ahead under a 10b5-1 plan. Source: SEC Form 4.

Famous investors who own it

InvestorQuarterSharesValueShare of fundChange
Chuck Akre (founder) (Akre Capital Management)Q2 261.2M$124M2.4%Added (+14%)
Chase Coleman (Tiger Global Management)Q2 26873K$86.7M0.4%Trimmed (-42%)
Ray Dalio (founder) (Bridgewater Associates)Q2 26635K$63.1M0.3%New position
George Soros (Soros Fund Management)Q2 2648.6K$4.82M<0.1%Trimmed (-68%)

From each fund's latest 13F, filed up to 45 days after the quarter ends, so it's old news by design. 13Fs only show US stock owned on the last day of the quarter: no short sales, and "added" or "trimmed" compares two snapshots, not actual trades. See what these funds bought and sold.

Failed trades

Failed trades (fails to deliver) shares that weren't delivered on time when a trade settled
Jun 25: 1.7KJun 29: 80.3KJun 30: 18.7KJul 1: 5.2KJul 1Jul 6: 3.1KJul 7: 8.4KJul 15: 12.8KJul 17: 1.3KJul 17Jul 20: 226Jul 21: 1.3KJul 23: 110KJul 24: 200Jul 24Jul 27: 1.6MJul 28: 369KAug 3: 55.1KAug 5: 37KAug 5Aug 6: 1.6KAug 10: 2.8KAug 14: 4.6KAug 18: 496Aug 18Aug 19: 986Aug 20: 125Aug 21: 9.4KAug 24: 10.7KAug 24Aug 26: 14.1KAug 28: 7.3KAug 31: 25.2KSep 2: 63Sep 2Sep 4: 15.1KSep 8: 2.1KSep 9: 11.4KSep 16: 6Sep 16Sep 17: 271Sep 18: 15Sep 21: 600Sep 24: 513Sep 24Sep 28: 32Sep 29: 919Oct 7: 20Oct 14: 41.2KOct 1441.2K
Show the numbers
Failed trades (fails to deliver)
Jun 251.7K
Jun 2980.3K
Jun 3018.7K
Jul 15.2K
Jul 63.1K
Jul 78.4K
Jul 1512.8K
Jul 171.3K
Jul 20226
Jul 211.3K
Jul 23110K
Jul 24200
Jul 271.6M
Jul 28369K
Aug 355.1K
Aug 537K
Aug 61.6K
Aug 102.8K
Aug 144.6K
Aug 18496
Aug 19986
Aug 20125
Aug 219.4K
Aug 2410.7K
Aug 2614.1K
Aug 287.3K
Aug 3125.2K
Sep 263
Sep 415.1K
Sep 82.1K
Sep 911.4K
Sep 166
Sep 17271
Sep 1815
Sep 21600
Sep 24513
Sep 2832
Sep 29919
Oct 720
Oct 1441.2K

From the SEC's fails-to-deliver data, which runs two to four weeks behind. A spike can mean heavy short selling or just back-office delays; it isn't proof of anything on its own. Short interest isn't shown: FINRA's terms don't allow republishing it.

Share offerings

Selling new shares dilutes current owners. A "shelf" is permission to sell later; a 424B5 usually means a sale is actually happening.

What they told the SEC, in plain English

Every 8-K (the report a company files when something big happens) in the last two years. Red ones are worth a closer look: auditor changes, restatements, late reports, listing problems.

What changed in the latest annual report

Comparing the risk factors in the 10-K filed Jan 29, 2026 with the one filed Jan 30, 2025: 0 new and 0 removed, out of 27.

Matched by each risk's headline, so a reworded risk can show up as new. This year's report · last year's.

Government contracts

$749K in federal contract money over the last 12 months, across 1 awards and changes.

DateAgencyWhat forAmount
Jul 16, 2026Smithsonian InstitutionSOFTWARE LICENSE RENEWAL$749K

From USAspending.gov. Amounts are money the government committed, which can be cut later.

Search inside ServiceNow's filings

Opens the SEC's own full-text search in a new tab, limited to NOW. Every NOW filing on EDGAR.