Touchstone
Last syncOct 31, 2026, 6:54 PM ET

NOW

Servicenow, Inc. Information Technology Services-Prepackaged Software S&P 500Russell 3000
$105.12Close $110.1BMarket cap $83.00 – $186.9452-week range Late-januaryNext report · estimated

Highlights

Cautions

  • Not in an uptrend 2 of 8 trend conditions
  • Lagging the market RS 26 · weaker than 74% of stocks over 12 months
  • Far from its high 44% below its 52-week high
  • Earnings shrinking EPS −45% year on year

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Oct 28, 2026
Off 12-month high 44%
1wk down 33.9% price change
1mo down 21.6% price change
12-month return down 44% market up 11% · its own down 53%
F-score 5 / 9 Mixed
Altman Z″ 2.18 Moderate risk
P/E 63.0× price / earnings
PEG 2.85 P/E / EPS growth
P/B 8.5× price / book
Earnings yield up 1.7% EBIT / enterprise value
Cheaper than 37% of the market · expensive
Revenue growth up 21% year on year
EPS growth down 45% latest quarter · -23 pts
Sales growth up 21% latest quarter · -3 pts
ROE up 15% return on equity
Free cash margin up 34% $4.6B FCF
D/E 0.12 long-term debt / equity
Net debt / EBITDA -0.9× net cash
Interest cover —EBIT / interest
Piotroski tests
  • took on more long-term debt
  • short-term liquidity weakened
  • issued more shares
  • gross margin narrowed
  • profitable on its assets
  • generating cash from operations
  • profitability improving
  • profits backed by cash
  • assets working harder

Trade setup

ATR% 8.0% $8.39 a day · 2×ATR $88.34
RS 26 / 99 vs the universe
Trend 2 / 8 trend template
Relative volume 2.4× vs 50-day average
Up/down volume 0.70 50 sessions
Implied move — no scheduled report
Trend template · 2 of 8
  • 150-day average above the 200-day: passes
  • 50-day average above the 150 and 200-day: passes

Screen verdict

Did not qualify for any screen.

Warning signs

1 flagged
  • Gross margin narrowing Gross margin fell from 79.2% to 77.5%. The company is keeping less of each dollar of sales than it did a year ago.
Last reported Oct 28, 2026
Last shock Oct 29, 2026-27% in one session5.2× volumeon results-4% since
Options $103.5M48.8% IV · activity

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $13.3B +21% on FY2024
$0 $20B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $4.5B FY2021 · $5.9B FY2022 · $7.2B FY2023 · $9.0B FY2024 · $11.0B FY2025 · $13.3B
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $1.7B +23% on FY2024
$0 $2B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $119.0M FY2021 · $230.0M FY2022 · $325.0M FY2023 · $1.7B FY2024 · $1.4B FY2025 · $1.7B
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology $4.6B +34% on FY2024
$0 $5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $1.4B FY2021 · $1.8B FY2022 · $2.2B FY2023 · $2.7B FY2024 · $3.4B FY2025 · $4.6B
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 78%
  • Net 13%
  • Free cash 34%
0% 100% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 78% · Net 3% · Free cash 30% FY2021 · Gross 77% · Net 4% · Free cash 31% FY2022 · Gross 78% · Net 4% · Free cash 30% FY2023 · Gross 79% · Net 19% · Free cash 30% FY2024 · Gross 79% · Net 13% · Free cash 31% FY2025 · Gross 78% · Net 13% · Free cash 34%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $2.2B net cash
  • Cash
  • Long-term debt
$0 $5B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $1.7B · Long-term debt $1.6B FY2021 · Cash $1.7B FY2022 · Cash $1.5B FY2023 · Cash $1.9B FY2024 · Cash $2.3B FY2025 · Cash $3.7B · Long-term debt $1.5B
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 1.05bn +6.9% since FY2020
1.05bn 979.23m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 979.23m FY2021 · 998.04m FY2022 · 1.01bn FY2023 · 1.02bn FY2024 · 1.03bn FY2025 · 1.05bn
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $4.5B $5.9B $7.2B $9.0B $11.0B $13.3B
Gross margin 78% 77% 78% 79% 79% 78%
Operating income $199.0M $257.0M $355.0M $762.0M $1.4B $1.8B
Net income $119.0M $230.0M $325.0M $1.7B $1.4B $1.7B
Net margin 3% 4% 4% 19% 13% 13%
Earnings per share $0.12 $0.23 $0.32 $1.68 $1.37 $1.67
Free cash flow $1.4B $1.8B $2.2B $2.7B $3.4B $4.6B
Free cash margin 30% 31% 30% 30% 31% 34%
Cash $1.7B $1.7B $1.5B $1.9B $2.3B $3.7B
Long-term debt $1.6B — — — — $1.5B
Shareholders' equity $2.8B $3.7B $5.0B $7.6B $9.6B $13.0B
Shares outstanding 979.23m 998.04m 1.01bn 1.02bn 1.03bn 1.05bn

What options price now

Expected 1-month range The at-the-money straddle for the expiry nearest a month out, as a share of the price: the move, either way, the option market is pricing by then. The range is the price plus and minus that move; the stock ends inside it a little more often than not. Methodology
$94 – $117 ±10.8% by Nov 27, 2026
Swings expected vs recent The daily swings the options are priced for (implied volatility) against the swings the stock actually had over the last 20 sessions (realised volatility). Bigger means options charge for more movement than the stock has been delivering; smaller, less. On a contract row, that contract's own implied volatility over the stock's realised. Methodology
Smaller 48.8% priced · 119.7% recent
Next month vs later At-the-money implied volatility for 8-45 day expiries over 46-90 day ones: whether options price the coming month as choppier or calmer than the two after it. Ahead of a report it usually reads choppier, and the extra comes out once the report is out. Methodology
Choppier
Crash protection What options that pay off in a fall cost against options that pay off in a rise (the 25-delta skew), compared with this company's own normal - the median of its stored nightly readings, once there are 20 - and with five sessions ago. Protection costs a little more than upside on most shares. More than usual means readers of the chain are paying up to insure against a drop; it does not say which way the stock will go. Methodology
past week: costs less
Positioning
Premium traded
$103.5M calls $40.2M · puts $63.3M · latest session
Puts against calls, by premium Money spent on puts divided by money spent on calls. Measured in dollars rather than contracts on purpose: counting contracts treats a hundred cheap lottery tickets as more meaningful than one large position, which is backwards. Methodology
1.57× +1.37 over the week
Open interest added The change over five sessions in option positions left open overnight, calls and puts. A rise means positions were added. It cannot say whether they were bought or sold, so more calls is not a vote for a rise: a call is as often sold against shares already held. Methodology
calls +83.44k · puts +13.26k past week

For options traders: ATM IV 48.8% (-10.5% 1w) · 1m ÷ 3m IV 1.07 · 25Δ skew 1.9 pts · Net GEX -$10.7M

Most traded contracts 11
Contract Next day: opened, closed or mixed A large option trade on its own is ambiguous: it may have opened a position, closed one, or been one leg of a spread. Open interest is published overnight, so the next morning settles it. Opened: open interest rose by a good share of the volume traded, so positions were added. Closed: it fell, so positions were taken off. Mixed: it barely moved, as when one side opens while the other closes. A dash: the next morning's count is not in yet. None of the three says whether the contracts were bought or sold. Methodology Volume against open interest The day's contracts traded, divided by the positions already standing. Above 1 the day's trading exceeded every position in existence, which cannot happen without something new — though only tomorrow's open interest proves it opened rather than closed. Methodology Bid-ask spread The gap between the bid and the ask as a share of the midpoint: what a round trip costs before the position has moved at all. Methodology Priced vs rest of chain The contract's implied volatility less the at-the-money reading for the same company, in points: how this strike is priced against the rest of the chain. Methodology Move to break even How far the stock must move by expiry for a buyer at the midpoint to get the premium back: strike plus premium for a call, strike less premium for a put. Methodology Premium
Nov 27, 2026 · $100 put -5% from price — 0.49 4.5% +1.2% -8.2% $174,895
Dec 18, 2026 · $90 call -15% from price — 0.31 0.8% +2.3% +2.2% $1.0M
Dec 18, 2026 · $105 put at the price — 0.47 1.4% +0.2% -7.1% $990,275
Dec 18, 2026 · $80 put -24% from price — 5.60 2.9% +5.8% -24.7% $943,908
Dec 18, 2026 · $110 call +4% from price — 0.41 1.8% -0.5% +9.8% $551,760
Dec 18, 2026 · $100 put -5% from price — 0.17 2.0% +0.7% -9.7% $351,330
Dec 18, 2026 · $120 call +14% from price — 0.21 1.8% -0.6% +16.5% $237,790
Dec 18, 2026 · $115 call +9% from price — 0.48 2.5% -0.7% +13.0% $236,400
Dec 18, 2026 · $90 put -15% from price — 0.48 2.0% +2.8% -16.5% $197,607
Dec 18, 2026 · $130 call +23% from price — 0.12 3.1% +0.2% +24.6% $93,010
Jan 15, 2027 · $120 call +14% from price — 0.15 4.5% -1.3% +18.1% $272,360

Liquid contracts, 3 weeks to 4 months out, soonest expiry first.

Filings

SEC EDGAR
FiledReportPeriod to Lag
Oct 28, 2026 Quarterly ↗ Sep 30, 2026 28d
Jul 23, 2026 Quarterly ↗ Jun 30, 2026 23d
Apr 23, 2026 Quarterly ↗ Mar 31, 2026 23d
Jan 29, 2026 Annual ↗ Dec 31, 2025 29d
Oct 30, 2025 Quarterly ↗ Sep 30, 2025 30d
Jul 24, 2025 Quarterly ↗ Jun 30, 2025 24d
Apr 23, 2025 Quarterly ↗ Mar 31, 2025 23d
Jan 30, 2025 Annual ↗ Dec 31, 2024 30d
Oct 24, 2024 Quarterly ↗ Sep 30, 2024 24d
Jul 25, 2024 Quarterly ↗ Jun 30, 2024 25d
May 6, 2024 Quarterly ↗ Mar 31, 2024 36d
Jan 25, 2024 Annual ↗ Dec 31, 2023 25d

Current reports

FiledDisclosed
Oct 28, 2026 Results ↗
Jul 22, 2026 Results ↗
May 22, 2026 Director or officer change · Shareholder vote ↗
May 15, 2026 Material agreement · New obligation · Other events ↗
Apr 22, 2026 Material agreement · Results · New obligation ↗
Apr 1, 2026 Material agreement · New obligation ↗
Feb 17, 2026 Regulation FD ↗
Feb 11, 2026 Director or officer change ↗
Jan 28, 2026 Results · Other events ↗
Dec 23, 2025 Director or officer change ↗
Dec 15, 2025 Other events ↗
Dec 5, 2025 Charter or bylaws · Shareholder vote ↗