TTM
33.2%
YoY change
+3.37pp
Trough year (2010)
-21.0%
Peak year (2025)
34.5%
Latest annual
34.5%
FCF Margin history chart for ServiceNow (NOW) from 2009 to 2025
Latest: 34.5%
FCF Margin change chart for ServiceNow (NOW) from 2009 to 2025
Latest: +3.37pp
FCF Margin history table for ServiceNow (NOW) from 2009 to 2025
| 2025 | 34.5% | +3.37pp | ||
| 2024 | 31.1% | +0.95pp | ||
| 2023 | 30.1% | +0.15pp | ||
| 2022 | 30.0% | -0.40pp | ||
| 2021 | 30.4% | +0.43pp | ||
| 2020 | 30.0% | +4.00pp | ||
| 2019 | 26.0% | +4.41pp | ||
| 2018 | 21.6% | -3.57pp | ||
| 2017 | 25.1% | +22.86pp | ||
| 2016 | 2.3% | -20.20pp | ||
| 2015 | 22.5% | +10.08pp | ||
| 2014 | 12.4% | +6.16pp | ||
| 2013 | 6.2% | +3.47pp | ||
| 2012 | 2.7% | -28.27pp | ||
| 2011 | 31.0% | +52.06pp | ||
| 2010 | -21.0% | -20.52pp | ||
| 2009 | -0.5% | — |
- 202534.5%+3.37pp
- 202431.1%+0.95pp
- 202330.1%+0.15pp
- 202230.0%-0.40pp
- 202130.4%+0.43pp
- 202030.0%+4.00pp
- 201926.0%+4.41pp
- 201821.6%-3.57pp
- 201725.1%+22.86pp
- 20162.3%-20.20pp
- 201522.5%+10.08pp
- 201412.4%+6.16pp
- 20136.2%+3.47pp
- 20122.7%-28.27pp
- 201131.0%+52.06pp
- 2010-21.0%-20.52pp
- 2009-0.5%—
FCF Margin values are taken from ServiceNow's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at ServiceNow (NOW)
According to ServiceNow's latest reported financial statements, the company's latest reported free cash flow margin is 33.2%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
ServiceNow (NOW) most recent annual free cash flow margin stands at 34.46% (2025) – expanded 3.4 percentage points year-over-year.
Across the available history, free cash flow margin reached its high of 34.46% in 2025 and its low of -21.04% in 2010.
ServiceNow FCF Margin by Year
ServiceNow FCF Margin 2025: 34.5%
ServiceNow free cash flow margin in 2025 was 34.46%, expanded 3.4 percentage points from 2024. This figure represents the highest annual value in the available history.
ServiceNow FCF Margin 2024: 31.1%
2024's free cash flow margin for ServiceNow came in at 31.09%, expanded 0.9 percentage points from 2023.
ServiceNow FCF Margin 2023: 30.1%
ServiceNow posted free cash flow margin of 30.14% in 2023, expanded 0.1 percentage points from 2022.
ServiceNow FCF Margin 2022: 30.0%
In 2022, ServiceNow reported free cash flow margin of 29.99%, contracted 0.4 percentage points from 2021.
ServiceNow FCF Margin 2021: 30.4%
ServiceNow free cash flow margin in 2021 was 30.39%.
See more financial history for ServiceNow (NOW).
Sector peers by FCF Margin
Technology peers of ServiceNow (NOW), ranked by their latest free cash flow margin
| 47.0% | |
| 43.4% | |
| 28.6% | |
| 26.6% | |
| 25.5% | |
| 22.9% | |
| 22.9% | |
| 17.7% |
- 47.0%
- 43.4%
- 28.6%
- 26.6%
- 25.5%
- 22.9%
- 22.9%
Frequently asked questions
ServiceNow (NOW) Key Financials
Charts, filings, and peer comparison for every metric
Explore more
Deep-dives across the income statement, cash flow, capital return, and valuation