Last 48 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 82.04 | 85.59 | 58.08 | 100.78 | 95.86 | 138.93 | 90.47 | 143.26 | 109.07 | 156.08 | 114.13 | 123.51 | 119.43 | 27.66 | 159.14 | 131.17 | 242.05 | 1206.85 | 376.28 | 1248.27 | 501.81 |
| — | -38.4% | -35.8% | -29.6% | -12.1% | -11.0% | -20.7% | +16.0% | -8.7% | +464.4% | -28.3% | -5.8% | -50.7% | -97.7% | -57.7% | -89.5% | -51.8% | +154.7% | +23.4% | -25.6% | -73.7% | |
| P/S Ratio | 10.67 | 6.46 | 7.21 | 11.24 | 14.18 | 16.73 | 13.50 | 18.73 | 16.67 | 15.56 | 15.21 | 15.00 | 12.60 | 13.42 | 11.32 | 10.16 | 10.47 | 13.77 | 16.41 | 20.51 | 20.89 |
| — | -61.4% | -46.6% | -40.0% | -14.9% | +7.6% | -11.3% | +24.9% | +32.3% | +15.9% | +34.3% | +47.7% | +20.4% | -2.6% | -31.0% | -50.5% | -49.9% | -30.1% | -11.6% | -8.0% | -1.7% | |
| P/B Ratio | 11.06 | 8.23 | 9.27 | 12.37 | 17.10 | 19.69 | 16.44 | 23.06 | 20.08 | 18.86 | 19.53 | 19.17 | 16.05 | 16.66 | 16.95 | 15.66 | 16.95 | 23.02 | 28.28 | 35.84 | 35.74 |
| — | -58.2% | -43.6% | -46.3% | -14.8% | +4.4% | -15.8% | +20.3% | +25.1% | +13.2% | +15.2% | +22.4% | -5.3% | -27.6% | -40.1% | -56.3% | -52.6% | -32.1% | -15.0% | -8.9% | -2.4% | |
| P/FCF | 30.95 | 54.42 | 17.78 | 20.05 | 83.59 | 102.28 | 28.31 | 40.08 | 99.43 | 117.10 | 33.40 | 27.20 | 164.71 | 64.40 | 32.20 | 19.36 | 186.05 | 85.57 | 36.70 | 44.92 | 139.73 |
| — | -46.8% | -37.2% | -50.0% | -15.9% | -12.6% | -15.3% | +47.3% | -39.6% | +81.8% | +3.7% | +40.5% | -11.5% | -24.7% | -12.3% | -56.9% | +33.1% | -35.6% | -9.9% | -12.2% | -14.5% | |
| EV / EBITDA | 54.77 | 47.85 | 35.63 | 60.71 | 62.97 | 101.17 | 67.81 | 104.89 | 87.01 | 108.75 | 85.80 | 92.34 | 83.18 | 127.69 | 88.25 | 78.63 | 109.51 | 235.45 | 171.22 | 239.03 | 179.58 |
| — | -52.7% | -47.5% | -42.1% | -27.6% | -7.0% | -21.0% | +13.6% | +4.6% | -14.8% | -2.8% | +17.4% | -24.0% | -45.8% | -48.5% | -67.1% | -39.0% | +22.2% | +37.2% | -5.2% | +11.3% | |
| EV / EBIT | 76.93 | 54.02 | 40.29 | 73.51 | 68.91 | 112.42 | 73.85 | 118.34 | 89.51 | 120.27 | 91.97 | 103.85 | 95.45 | 161.04 | 122.82 | 104.71 | 176.20 | 692.90 | 310.46 | 851.94 | 423.81 |
| — | -51.9% | -45.4% | -37.9% | -23.0% | -6.5% | -19.7% | +14.0% | -6.2% | -25.3% | -25.1% | -0.8% | -45.8% | -76.8% | -60.4% | -87.7% | -58.4% | +41.4% | +29.9% | -35.8% | +18.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.5% | 70.7% | 75.1% | 76.6% | 77.3% | 77.5% | 78.9% | 78.7% | 79.1% | 79.0% | 80.0% | 78.8% | 78.3% | 78.1% | 79.1% | 78.6% | 78.2% | 77.8% | 78.6% | 76.8% | 76.9% |
| — | -8.8% | -4.9% | -2.6% | -2.3% | -1.9% | -1.4% | -0.2% | +1.0% | +1.1% | +1.2% | +0.3% | +0.2% | +0.4% | +0.7% | +2.4% | +1.7% | +1.5% | +0.7% | -1.2% | -1.7% | |
| Operating Margin | 13.7% | 4.1% | 13.3% | 12.4% | 16.8% | 11.1% | 14.6% | 12.6% | 14.9% | 9.1% | 12.8% | 11.1% | 10.1% | 5.4% | 6.9% | 8.0% | 5.0% | 1.3% | 5.1% | 2.2% | 4.9% |
| — | -63.5% | -8.6% | -1.8% | +12.3% | +21.9% | +14.5% | +14.2% | +48.0% | +67.9% | +85.6% | +38.7% | +103.1% | +333.4% | +36.0% | +268.4% | +1.5% | -65.3% | -29.2% | +51.2% | -18.3% | |
| Net Margin | 13.2% | 7.5% | 12.4% | 11.2% | 14.7% | 12.0% | 14.9% | 13.0% | 15.4% | 10.0% | 13.3% | 12.1% | 10.6% | 48.6% | 7.2% | 7.7% | 4.4% | 1.1% | 4.4% | 1.6% | 4.2% |
| — | -37.6% | -16.5% | -13.5% | -4.6% | +20.1% | +11.7% | +7.3% | +46.0% | -79.5% | +86.3% | +56.6% | +142.1% | +4153.5% | +64.3% | +380.0% | +4.9% | -72.7% | -27.8% | +21.0% | +269.2% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.5% | 2.5% | 3.8% | 3.3% | 4.5% | 3.7% | 4.7% | 4.1% | 4.8% | 3.1% | 4.4% | 4.0% | 3.4% | 16.7% | 2.8% | 3.1% | 1.8% | 0.5% | 2.0% | 0.7% | 1.9% |
| — | -32.7% | -18.5% | -18.7% | -6.2% | +17.0% | +5.6% | +2.0% | +40.3% | -81.3% | +56.3% | +26.9% | +86.9% | +3313.7% | +44.7% | +336.5% | -0.8% | -73.9% | -30.2% | +19.0% | +266.7% | |
| ROA | 7.5% | 1.1% | 1.9% | 1.7% | 2.3% | 1.8% | 2.2% | 2.0% | 2.4% | 1.5% | 2.0% | 1.8% | 1.6% | 7.3% | 1.1% | 1.2% | 0.7% | 0.2% | 0.7% | 0.3% | 0.7% |
| — | -40.6% | -16.4% | -15.2% | -2.9% | +22.1% | +12.0% | +8.9% | +46.2% | -80.0% | +78.2% | +47.8% | +123.8% | +3942.4% | +61.9% | +379.3% | +6.7% | -72.4% | -26.4% | +26.5% | +269.3% | |
| ROIC | 12.9% | 0.8% | 3.3% | 2.9% | 4.0% | 2.8% | 3.6% | 2.9% | 3.4% | 2.1% | 3.0% | 2.5% | 2.2% | 1.3% | 1.8% | 2.1% | 1.4% | 0.4% | 1.6% | 0.6% | 1.3% |
| — | -70.7% | -9.5% | +0.7% | +18.9% | +31.5% | +18.4% | +17.7% | +55.3% | +61.6% | +66.2% | +19.3% | +61.8% | +240.8% | +14.3% | +237.9% | +2.1% | -63.4% | -27.0% | +55.9% | -18.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.19 | 0.68 | 0.21 | 0.19 | 0.21 | 0.22 | 0.24 | 0.24 | 0.24 | 0.26 | 0.28 | 0.30 | 0.31 | 0.32 | 0.40 | 0.44 | 0.47 | 0.51 | 0.55 | 0.60 | 0.63 |
| — | +206.5% | -12.4% | -21.8% | -12.0% | -15.3% | -15.6% | -20.8% | -23.2% | -18.5% | -29.8% | -32.5% | -33.0% | -37.5% | -27.6% | -26.0% | -25.4% | -19.9% | -20.4% | -20.5% | -23.5% | |
| Debt / EBITDA | 0.94 | 14.86 | 3.19 | 3.67 | 3.14 | 4.55 | 3.93 | 4.31 | 4.18 | 6.00 | 4.92 | 5.75 | 6.46 | 9.74 | 8.29 | 8.82 | 12.01 | 20.82 | 13.38 | 15.93 | 12.58 |
| — | +226.8% | -18.6% | -15.0% | -25.0% | -24.2% | -20.2% | -25.0% | -35.3% | -38.5% | -40.6% | -34.8% | -46.2% | -53.2% | -38.0% | -44.6% | -4.6% | +44.5% | +28.8% | -17.2% | -12.6% | |
| Current Ratio | 1.00 | 0.70 | 0.84 | 1.00 | 1.06 | 1.09 | 1.12 | 1.10 | 1.13 | 1.12 | 1.05 | 1.06 | 1.08 | 1.14 | 1.17 | 1.11 | 1.24 | 1.12 | 1.12 | 1.05 | 1.13 |
| — | -35.8% | -24.7% | -8.8% | -6.3% | -2.4% | +7.1% | +4.1% | +5.1% | -2.3% | -10.3% | -4.7% | -12.6% | +1.8% | +4.2% | +5.1% | +9.3% | +4.0% | -9.2% | -12.8% | -19.2% | |
| Quick Ratio | 1.00 | 0.70 | 0.84 | 1.00 | 1.06 | 1.09 | 1.12 | 1.10 | 1.13 | 1.12 | 1.05 | 1.06 | 1.08 | 1.14 | 1.17 | 1.11 | 1.24 | 1.12 | 1.12 | 1.05 | 1.13 |
| — | -35.8% | -24.7% | -8.8% | -6.3% | -2.4% | +7.1% | +4.1% | +5.1% | -2.3% | -10.3% | -4.7% | -12.6% | +1.8% | +4.2% | +5.1% | +9.3% | +4.0% | -9.2% | -12.8% | -19.2% | |
| Interest Coverage | 98.30 | 7.64 | 112.17 | 108.20 | 116.67 | 79.50 | 93.50 | 93.60 | 87.00 | 56.67 | 71.83 | 58.83 | 50.83 | 30.00 | 32.33 | 27.14 | 13.75 | 5.83 | 15.17 | 5.57 | 10.71 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying NOW stock.
ServiceNow, Inc.'s current P/E is 82.0x. The average P/E over the last 4 quarters is 85.1x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
ServiceNow, Inc.'s current operating margin is 13.7%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking ServiceNow, Inc.'s business trajectory between earnings reports.