ServiceNow, Inc.

NOWNYSETechnology● Active

$114.42

+$1.97(+1.75%)

Market Cap$118.0B

P/E Ratio—

52W High$211.478

52W Low$81.24

Avg Volume26.5M

Open$111.69

Beta0.93

Free Cash Flow Financials Revenue

ServiceNow, Inc. (NOW) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

NOW · free cash flow · updated Jun 8, 2026

Core FCF metrics

NOW · FCF · TTM · margin & CAGR

Free cash flow was $4.58B for FY2025 (fiscal year ending 2025-12-31), up 34.0% year-over-year The FCF margin was 34.5%. Five-year CAGR stands at +27.6%.

FY2025 Free Cash Flow$4.58B▲ +34.0% YoY

Trailing 12M (TTM)$4.63Btrailing 4 quarters sum

FCF Margin34.5%$4.58B ÷ revenue

3-Year CAGR+28.2%FY2022 → FY2025

5-Year CAGR+27.6%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

NOW · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$5.44B(868M)$4.58B▲ +34.0%34.5%

FY2024$4.27B(852M)$3.42B▲ +26.3%31.1%

FY2023$3.40B(694M)$2.70B▲ +24.4%30.1%

FY2022$2.72B(550M)$2.17B▲ +21.3%30.0%

FY2021$2.19B(399M)$1.79B▲ +32.3%30.4%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

NOW · P/FCF · FCF yield · FCF per share

ServiceNow, Inc. (NOW) trades at a FCF yield of 3.93% and a price-to-free-cash-flow ratio of 25.6x. FCF per share stands at $4.47, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.93%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$4.47

TTM FCF ÷ Shares Outstanding

Price / FCF

x25.6

Share Price ÷ FCF per Share

EV / FCF (TTM)

x25.4

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

NOW · cash flow statement · operating / investing / financing

For FY2025, ServiceNow, Inc. generated $5.44B in operating cash flow and spent 868M in capital expenditures, yielding $4.58B in free cash flow.

Operating Activities

+$5.44B

Cash from core business operations

2025-12-31

Investing Activities

−$1.69B

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$2.34B

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($5.44B) − |CapEx| (868M) = FCF ($4.58B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

NOW vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

ServiceNow, Inc.YOU

NOW

$4.58B+34.0%34.5%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

ServiceNow, Inc. (NOW) reported free cash flow of $4.58B for FY2025 (fiscal year ending 2025-12-31), up 34.0% year-over-year. The FCF margin was 34.5%.

Based on available data, ServiceNow, Inc. has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $4.58B in FY2025. The 5-year CAGR stands at +27.6%.

ServiceNow, Inc.'s FCF yield is 3.93% and price-to-FCF ratio is 25.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

NOW free cash flow · 8 questions

ServiceNow, Inc. free cash flow was $4.58B for FY2025, up 34.0% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $4.63B.

NOW free cash flowNOW FCFNOW FCF 2025NOW free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · ServiceNow, Inc. · ServiceNow, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026