Why did ServiceNow (NOW) stock move recently?

On 9/1/2026, ServiceNow moved -3.4% — ServiceNow shares fell 3.44% with the broader high-multiple software sector amid rising bond yields, risk-off sentiment from geopolitical tensions, and profit-taking after a multi-week rally, with no company-specific catalyst reported. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is ServiceNow (NOW) overvalued or fairly valued?

MarketChacha shows ServiceNow's valuation in context — a trailing P/E of about 41.5, a forward P/E of about 29.1, a price-to-book of about 12.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does ServiceNow's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.67×) from reported figures — education, not a rating.

What is ServiceNow's revenue?

ServiceNow reported revenue of $13.3B for FY2025, with net profit of $1.7B, per official filings.

What is the share price of ServiceNow (NOW)?

ServiceNow last traded at $145.59 (+6.5% on the day), as of 9/3/2026 — a delayed quote shown for education, not investment advice.

ServiceNow

NOW · NYSE · Enterprise Software · United States

Snapshot

TickerNOW

ExchangeNYSE

SectorEnterprise Software

IndustrySoftware - Application

CountryUnited States

Employees29,187

HeadquartersSanta Clara, United States

Websitewww.servicenow.com

Filings tracked17

About ServiceNow

ServiceNow, Inc. provides cloud-based solution for digital workflows in the North America, Brazil, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company provides asset management, integrated risk management, IT service management, Operational Technology management, Security Operations, strategic portfolio management, IT operations management products; customer service management product; field service management applications; and sales and order management services. It also offers human resources delivery; legal and contract operations; workplace service delivery products; app engine product; automation engine; platform privacy and security product; and source-to-pay operations. In addition, the company provides RaptorDB, a database built to manage workloads at scale; ServiceNow Impact that provides customers with software tools, guided plans, and AI-driven recommendations; customer support; and workflow data fabric. It serves government, financial services, healthcare and life science, manufacturing, Public Sector, retail, technology, and Telecom sectors through service providers and resale partners. The company has a strategic collaboration with Cohesity, Inc. to develop, operate, and safeguard autonomous AI agents and data with enterprise-grade reliability; and with ServiceNow to Advance Ai-Powered Solution for Mission-Critical Infrastructure Monitoring. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. ServiceNow, Inc. has a strategic alliance with Accenture for integrated risk management and third-party risk management solutions, and with Tech Mahindra to validate and deliver production-ready, industry-specific enterprise AI and automation solutions at scale. ServiceNow, Inc. was founded in 2004 and is headquartered in Santa Clara, California.

Who owns it

Insiders0.2%
Institutions85.1%
Public & other14.8%

3,129 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.9.29%
Vanguard Capital Management LLC6.51%
State Street Corporation4.74%
Morgan Stanley2.58%
Vanguard Portfolio Management LLC2.44%
Geode Capital Management, LLC2.35%
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC1.61%
Price (T.Rowe) Associates Inc1.55%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 6.1 points over the period — profitability is trending down.

Cash conversion2.67×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend19.3% → 13.2%

Margin has compressed by about 6.1 points over the period — profitability is trending down.

Growth qualityrev 22% · PAT 0%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $4.4B · EPS 1.17

Est. earnings growth +27.2%

Next fiscal year

Rev $19.3B · EPS 5.01

Est. earnings growth +23.1%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$13.3B

Net margin

13.2%

ROE

13.5%

Revenue CAGR (2y)

+21.7%

Profit CAGR (2y)

+0.5%

EPS (FY2025)

1.67

Net profit (FY2025)

$1.7B

Ask MarketChacha about NOW

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Sep 1, 2026
ServiceNow shares fell 3.44% with the broader high-multiple software sector amid rising bond yields, risk-off sentiment from geopolitical tensions, and profit-taking after a multi-week rally, with no company-specific catalyst reported.
source 1 ↗source 2 ↗· confidence: high
Aug 26, 2026
ServiceNow declined in the same sector-wide software selloff that followed Intuit's disappointing outlook, as investors repriced enterprise software names on agentic-AI disruption concerns. No company-specific news was reported.
source 1 ↗· confidence: medium

Daily moves with the verified reason behind them. Education only — not investment advice.

On MarketChacha

Posts about NOW

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$13.3B	$1.7B	1.67	13.2%	13.5%
FY2024	$11.0B	$1.4B	1.37	13.0%	14.8%
FY2023	$9.0B	$1.7B	1.68	19.3%	22.7%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$4.0B	$298.0M	0.29	7.5%
2026Q1	$3.8B	$469.0M	0.45	12.4%
2025Q3	$3.4B	$502.0M	2.40	14.7%
2025Q2	$3.2B	$385.0M	0.37	12.0%
2025Q1	$3.1B	$460.0M	0.44	14.9%
2024Q3	$2.8B	$432.0M	2.07	15.4%
2024Q2	$2.6B	$262.0M	1.26	10.0%
2024Q1	$2.6B	$347.0M	1.67	13.3%
2023Q3	$2.3B	$242.0M	1.17	10.6%
2023Q2	$2.1B	$1.0B	5.08	48.6%
2023Q1	$2.1B	$150.0M	0.73	7.2%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/23/2026
8-K — Results of operations, Exhibits
SEC7/22/2026material
8-K — Executive/director change, Shareholder vote results, Exhibits
SEC5/22/2026material
8-K — Material agreement, Material financial obligation, Other events, Exhibits
SEC5/15/2026material
10-Q filing
SEC4/23/2026
8-K — Material agreement, Results of operations, Material financial obligation, Exhibits
SEC4/22/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC4/1/2026material
8-K — Reg FD disclosure
SEC2/17/2026material
8-K — Executive/director change
SEC2/11/2026material
10-K filing
SEC1/29/2026
8-K — Results of operations, Other events, Exhibits
SEC1/28/2026material

2025

8-K — Executive/director change, Exhibits
SEC12/23/2025material
8-K — Other events, Exhibits
SEC12/15/2025material
8-K — Bylaw/charter change, Shareholder vote results, Exhibits
SEC12/5/2025material
10-Q filing
SEC10/30/2025
8-K — Results of operations, Other events, Exhibits
SEC10/29/2025material
8-K — Other events, Exhibits
SEC9/26/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.