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ServiceNow (NOW) operating margin by quarter

ServiceNow's operating margin was 9.4% in Q3 2026 (third quarter 2026), +5.3 pts from Q2 2026. Over the last 7 quarters it ranged from 4.1% (Q2 2026) to 16.8% (Q3 2025).

ServiceNow operating margin by quarterServiceNow operating margin by quarter14.6%Q1 202511.1%Q2 202516.8%Q3 202512.4%Q4 202513.3%Q1 20264.1%Q2 20269.4%Q3 2026
QuarterOperating marginQ/QY/Y
Q3 20269.4%+5.3 pts-7.4 pts
Q2 20264.1%-9.3 pts-7.1 pts
Q1 202613.3%+0.9 pts-1.3 pts
Q4 202512.4%-4.4 pts—
Q3 202516.8%+5.7 pts—
Q2 202511.1%-3.5 pts—
Q1 202514.6%——

Q3 2026 at a glance

ServiceNow, Q3 2026: revenue $4.1B (+20% year over year), operating margin 9.4%, net earnings $277M, operating cash flow $839M. The chart follows the revenue to costs, profit and cash.

Questions

What is ServiceNow's operating margin?

ServiceNow's operating margin was 9.4% in Q3 2026 (third quarter 2026), +5.3 pts from Q2 2026.

How has ServiceNow's operating margin changed?

Over the last 7 quarters it ranged from 4.1% (Q2 2026) to 16.8% (Q3 2025).

Q3 2026 results → · How ServiceNow makes money →