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Adobe vs ServiceNow: ADBE and NOW compared
Adobe is the larger company: $6.8B of revenue in its latest quarter (Q3 FY26) against $4.1B for ServiceNow (Q3 2026). ServiceNow is growing faster (+20% against +13% a year earlier). Adobe is more profitable, with an operating margin of 34.8% against 9.4%.
Where the money goes: ADBE and NOW
Adobe (ADBE) · Q3 FY26
Adobe, Q3 FY26: revenue $6.8B (+13% year over year), operating margin 34.8%, net earnings $1.8B, operating cash flow $2.5B. The chart follows the revenue to costs, profit and cash.
ServiceNow (NOW) · Q3 2026
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.
| Adobe (ADBE) | ServiceNow (NOW) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q3 2026 |
| Revenue | $6.8B | $4.1B |
| Revenue growth, Y/Y | +13% | +20% |
| Gross margin | 88.7% | 70.5% |
| Operating margin | 34.8% | 9.4% |
| Net earnings | $1.8B | $277M |
| Net margin | 27.0% | 6.7% |
| Operating cash flow | $2.5B | $839M |
| Free cash flow | $2.4B | $748M |
| Market value | $97.5B | $106.8B |
| P/E | 13.8× | — |
| Analysts’ mean target | $267.00 | $155.82 |
Where the revenue comes from
Adobe
- Subscription: $6.6B (97%)
- Services and other: $111M (2%)
- Product: $67.0M (1%)
ServiceNow
- Subscription: $4.0B (97%)
- Professional services and other: $118M (3%)
Questions
Which is bigger, Adobe or ServiceNow?
Adobe is the larger company: $6.8B of revenue in its latest quarter (Q3 FY26) against $4.1B for ServiceNow (Q3 2026).
Is Adobe or ServiceNow growing faster?
ServiceNow is growing faster (+20% against +13% a year earlier).
Which is more profitable, Adobe or ServiceNow?
Adobe is more profitable, with an operating margin of 34.8% against 9.4%.
More: Adobe earnings · how Adobe makes money · ServiceNow earnings · how ServiceNow makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Sep 22, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.