ServiceNow Historical Income Statement

NOW Stock  USD 740.95  19.00  2.63%   
Historical analysis of ServiceNow income statement accounts such as Total Revenue of 9.4 B can show how well ServiceNow performed in making a profits. Evaluating ServiceNow income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of ServiceNow's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining ServiceNow latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether ServiceNow is a good buy for the upcoming year.
  
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ServiceNow. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.

About ServiceNow Income Statement Analysis

ServiceNow Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to ServiceNow shareholders. The income statement also shows ServiceNow investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

ServiceNow Income Statement Chart

ServiceNow Income Statement is one of the three primary financial statements used for reporting ServiceNow's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of ServiceNow revenue and expense. ServiceNow Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, ServiceNow's Cost Of Revenue is fairly stable compared to the past year. Total Operating Expenses is likely to climb to about 6.6 B in 2024, despite the fact that Income Tax Expense is likely to grow to (686.9 M).

Total Revenue

Total revenue comprises all receipts ServiceNow generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of ServiceNow minus its cost of goods sold. It is profit before ServiceNow operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of ServiceNow. It is also known as ServiceNow overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.
Most accounts from ServiceNow's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into ServiceNow current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ServiceNow. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.At this time, ServiceNow's Cost Of Revenue is fairly stable compared to the past year. Total Operating Expenses is likely to climb to about 6.6 B in 2024, despite the fact that Income Tax Expense is likely to grow to (686.9 M).
 2021 2022 2023 2024 (projected)
Gross Profit4.5B5.7B7.1B7.4B
Total Revenue5.9B7.2B9.0B9.4B

ServiceNow income statement Correlations

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Click cells to compare fundamentals

ServiceNow Account Relationship Matchups

ServiceNow income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization252.1M319.4M492M504M526M552.3M
Interest Expense33.3M32.7M28M27M25M21.0M
Selling General Administrative339.0M454.2M597M735M863M906.2M
Total Revenue3.5B4.5B5.9B7.2B9.0B9.4B
Gross Profit2.7B3.5B4.5B5.7B7.1B7.4B
Other Operating Expenses3.4B4.3B5.6B6.9B8.2B8.6B
Operating Income100.5M198.9M257M355M762M800.1M
Ebit100.5M198.9M257M355M762M800.1M
Research Development748.4M1.0B1.4B1.8B2.1B2.2B
Ebitda352.6M518.3M749M859M1.3B1.4B
Cost Of Revenue796.6M987.1M1.4B1.6B1.9B2.0B
Total Operating Expenses2.6B3.3B4.3B5.3B6.3B6.6B
Income Before Tax67.2M149.2M249M399M1.0B1.1B
Total Other Income Expense Net(33.3M)(49.7M)(8M)44M246M258.3M
Net Income626.7M119M230M325M1.7B1.8B
Income Tax Expense(559.5M)30.7M19M74M(723M)(686.9M)
Selling And Marketing Expenses1.5B1.9B2.3B2.8B3.3B3.5B
Net Income Applicable To Common Shares626.7M118.5M230M325M373.8M392.4M
Net Income From Continuing Ops626.7M118.5M230M325M1.6B1.7B
Non Operating Income Net Other56.1M58.3M(16.9M)20M23M12.1M
Tax Provision(559.5M)30.7M19M74M(742M)(704.9M)
Interest Income55.4M49.7M28M27M255M267.8M
Net Interest Income22.1M(32.7M)(28M)(27M)230M241.5M
Reconciled Depreciation252.1M336.4M472M433M526M358.8M

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When determining whether ServiceNow is a strong investment it is important to analyze ServiceNow's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact ServiceNow's future performance. For an informed investment choice regarding ServiceNow Stock, refer to the following important reports:
Check out Correlation Analysis to better understand how to build diversified portfolios, which includes a position in ServiceNow. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy ServiceNow Stock please use our How to Invest in ServiceNow guide.
You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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Is ServiceNow's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of ServiceNow. If investors know ServiceNow will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about ServiceNow listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.927
Earnings Share
8.45
Revenue Per Share
43.946
Quarterly Revenue Growth
0.256
Return On Assets
0.031
The market value of ServiceNow is measured differently than its book value, which is the value of ServiceNow that is recorded on the company's balance sheet. Investors also form their own opinion of ServiceNow's value that differs from its market value or its book value, called intrinsic value, which is ServiceNow's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because ServiceNow's market value can be influenced by many factors that don't directly affect ServiceNow's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between ServiceNow's value and its price as these two are different measures arrived at by different means. Investors typically determine if ServiceNow is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, ServiceNow's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.