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ServiceNow vs CoreWeave: NOW and CRWV compared
ServiceNow is the larger company: $4.1B of revenue in its latest quarter (Q3 2026) against $2.6B for CoreWeave (Q2 2026). CoreWeave is growing faster (+112% against +20% a year earlier). ServiceNow is more profitable, with an operating margin of 9.4% against -1.9%.
Where the money goes: NOW and CRWV
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.
CoreWeave (CRWV) · Q2 2026
CoreWeave, Q2 2026: revenue $2.6B (+112% year over year), operating margin -1.9%, net loss $626M, operating cash flow $679M. The chart follows the revenue to costs, profit and cash.
| ServiceNow (NOW) | CoreWeave (CRWV) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $4.1B | $2.6B |
| Revenue growth, Y/Y | +20% | +112% |
| Gross margin | 70.5% | — |
| Operating margin | 9.4% | -1.9% |
| Net earnings | $277M | −$626M |
| Net margin | 6.7% | -24.3% |
| Operating cash flow | $839M | $679M |
| Free cash flow | $748M | — |
| Market value | $106.8B | $25.1B |
| Analysts’ mean target | $155.82 | $131.53 |
Where the revenue comes from
ServiceNow
- Subscription: $4.0B (97%)
- Professional services and other: $118M (3%)
Questions
Which is bigger, ServiceNow or CoreWeave?
ServiceNow is the larger company: $4.1B of revenue in its latest quarter (Q3 2026) against $2.6B for CoreWeave (Q2 2026).
Is ServiceNow or CoreWeave growing faster?
CoreWeave is growing faster (+112% against +20% a year earlier).
Which is more profitable, ServiceNow or CoreWeave?
ServiceNow is more profitable, with an operating margin of 9.4% against -1.9%.
More: ServiceNow earnings · how ServiceNow makes money · CoreWeave earnings · how CoreWeave makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Aug 12, 2026). Fiscal quarters can end on different dates. Not investment advice.