Filing Flows › ServiceNow (NOW) › Q3 2025
ServiceNow (NOW) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
ServiceNow (NOW) reported revenue of $3.4B for the third quarter 2025 (Q3 2025), +22% from a year earlier and +6% from the quarter before. Operating margin was 16.8%, net earnings $502M (14.7% of revenue).
ServiceNow, Q3 2025: revenue $3.4B (+22% year over year), operating margin 16.8%, net earnings $502M, operating cash flow $813M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $3.4B | +6% | +22% |
| Gross profit | $2.6B | +6% | +19% |
| Operating profit | $572M | +60% | +37% |
| Net earnings | $502M | +30% | +16% |
| Operating cash flow | $813M | +14% | +21% |
| Free cash flow | $578M | +10% | +23% |
What changed
Revenue was $3.4B in Q3 2025, up 22% year over year and up 6% from the previous quarter. Subscription was the largest line at 97% of revenue. Subscription added $0.58B year over year (up 22%), 96% of the total change.
Gross margin was 77.3%, down 1.8 points from a year earlier. Operating profit was $0.57B, a 16.8% margin (up 1.8 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, above the 15% margin then. Operating expenses grew 15% against revenue growth of 22%. The fastest-growing cost line was Research & development (+20%). Net earnings were $0.50B, up 16% year over year. The effective tax rate was 27.7%.
Operating cash flow was $0.81B (up 21% year over year), 162% of net earnings. Non-cash charges added back $0.19B of depreciation and amortization and $0.49B of share-based compensation. Working capital and other items used $0.38B. Capital expenditures of $0.23B left free cash flow of $0.58B.
Questions
What was ServiceNow's revenue in the third quarter 2025?
ServiceNow (NOW) reported revenue of $3.4B for the third quarter 2025 (Q3 2025), +22% from a year earlier and +6% from the quarter before.
Was ServiceNow profitable in the third quarter 2025?
Operating profit was $572M (16.8% of revenue) and net earnings $502M.
Source: ServiceNow 10-Q on SEC EDGAR.