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Block vs ServiceNow: XYZ and NOW compared
Block is the larger company: $6.7B of revenue in its latest quarter (Q3 2026) against $4.1B for ServiceNow (Q3 2026). ServiceNow is growing faster (+20% against +10% a year earlier). ServiceNow is more profitable, with an operating margin of 9.4% against 6.4%.
Where the money goes: XYZ and NOW
Block (XYZ) · Q3 2026
Block, Q3 2026: revenue $6.7B (+10% year over year), operating margin 6.4%, net earnings $564M, operating cash flow $1.0B. 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.
| Block (XYZ) | ServiceNow (NOW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $6.7B | $4.1B |
| Revenue growth, Y/Y | +10% | +20% |
| Gross margin | 48.1% | 70.5% |
| Operating margin | 6.4% | 9.4% |
| Net earnings | $564M | $277M |
| Net margin | 8.4% | 6.7% |
| Operating cash flow | $1.0B | $839M |
| Free cash flow | $972M | $748M |
| Market value | $51.7B | $106.8B |
| P/E | 113.6× | — |
| Analysts’ mean target | $100.34 | $155.82 |
Where the revenue comes from
Block
- Commerce enablement revenue: $3.5B (52%)
- Bitcoin ecosystem revenue: $1.8B (27%)
- Financial solutions revenue: $1.4B (21%)
ServiceNow
- Subscription: $4.0B (97%)
- Professional services and other: $118M (3%)
Questions
Which is bigger, Block or ServiceNow?
Block is the larger company: $6.7B of revenue in its latest quarter (Q3 2026) against $4.1B for ServiceNow (Q3 2026).
Is Block or ServiceNow growing faster?
ServiceNow is growing faster (+20% against +10% a year earlier).
Which is more profitable, Block or ServiceNow?
ServiceNow is more profitable, with an operating margin of 9.4% against 6.4%.
More: Block earnings · how Block makes money · ServiceNow earnings · how ServiceNow makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 3, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.