ServiceNow, Inc. (NOW)财务
NYSE · Technology · Software - Application · 员工29,187人 · CEO William R. McDermott
- 股价
- $105.12 -4.15%
- 市值
- $1090亿
- 企业价值
- $1150亿
- 最近财报
- Q3 '26 2026-10-28提交
- 下次财报
- 2027-01-27 EPS预期 $1.07
营收(TTM)$154亿+21.8% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)9.7%-4.2 百分点 对比去年同期营业利润 $14.9亿
净利润(TTM)$14.5亿-16.5% 对比去年同期税后,含营业外收益
自由现金流(TTM)$47.5亿+20.0% 对比去年同期资本支出 $5.84亿
稀释EPS(TTM)$1.39-16.3% 对比去年同期最近4个季度之和
净现金-$38.1亿-226.6% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $1090亿 EV $1150亿
- 营收
- $154亿 过去12个月
- 营收增速
- +22% FY2026年一致预期
- 净利润率
- 9.4% 净利润 / 营收,TTM
- P/E
- 75.1× 预期 26.6×(FY2026)
- P/S
- 7.1× 股价 / 营收,TTM
- EV / EBITDA
- 33.5× TTM
- 自由现金流
- $47.5亿 过去12个月
- 净利润
- $14.5亿 过去12个月
- 营收预期
- $162亿 FY2026年一致预期
- 盈利
- 2027-01-27 营收预期 $43.7亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-10-28):营收符合预期,EPS 低于预期2.0%营收$41.1亿,预期$40.9亿(+0.3%);EPS $1.00,预期$1.02(-2.0%)。
- 营收增长放缓:同比20.5%Q3 '26营收$41.1亿,此前四个季度的平均值为22.1%。
- 营业利润率9.7%(TTM),较去年同期-4.2 百分点营收增长21.8%,营业利润增长-14.9%。
- 税前利润的26.2%来自营业外收益税前利润$20.2亿,营业利润$14.9亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的3.8%(去年为7.0%)最近4个季度投入$5.84亿(同比-33.9%)。自由现金流$47.5亿,相当于净利润的328.7%。
- 股东回报$28.2亿 = 自由现金流的59.4%回购$28.2亿(去年为$15.4亿),股息$0,股权激励$23.2亿(TTM)。
- 稀释股数一年内减少0.7%Q3 '26稀释股数10.4亿,一年前为10.5亿。
- 净债务 $38.1亿现金 + 短期投资 $46.1亿,含租赁债务 $84.2亿;一年前净现金 $30.1亿。
上一季度:Q3 '26
截至2026-09-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q3 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $41.1亿 | $34.1亿 | +20.5% |
| 毛利率 | 70.5% | 77.3% | -6.8 百分点 |
| 营业利润 | $3.85亿 | $5.72亿 | -32.7% |
| 营业利润率 | 9.4% | 16.8% | -7.4 百分点 |
| 净利润 | $2.77亿 | $5.02亿 | -44.8% |
| 稀释EPS | $0.27 | $0.48 | -43.7% |
| 经营现金流 | $8.39亿 | $8.13亿 | +3.2% |
| 资本支出 | $9100万 | $2.35亿 | -61.3% |
| 自由现金流 | $7.48亿 | $5.78亿 | +29.4% |
| R&D | $9.56亿 | $7.5亿 | +27.5% |
| 股权激励费用 | $6.3亿 | $4.92亿 | +28.0% |
实际 vs 一致预期
2026-10-28| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $41.1亿 | $40.9亿 | +0.3% |
| EPS(一致预期口径) | $1.00 | $1.02 | -2.0% |
来自2026-10-28发布的Q3 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| License and Service | $39.9亿 | +20.9% | 97.1% | $150亿 | – | |
| Technology Service | $1.18亿 | +9.3% | 2.9% | $4.29亿 | +11.7% |
按地区划分的营收
占总额比例| 分部 | Q3 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| North America | $25.7亿 | +20.7% | 62.7% | $97亿 | +22.3% | |
| EMEA | $10.3亿 | +17.6% | 25.0% | $39.2亿 | +19.2% | |
| Asia Pacific And Other | $5.05亿 | +25.9% | 12.3% | $18.1亿 | +25.1% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $53.3亿
- 资本支出
- -$5.84亿
- 股票回购
- -$28.2亿
- 股息
- $0
- 收购
- -$100亿
- 债务净发行
- $59.8亿
- 股权激励费用
- $23.2亿
- 自由现金流
- $47.5亿
- 股东回报 / FCF
- 59.4%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 75.1× | 226.9× | 83.1× – 564.4× |
| EV / EBITDA | 33.5× | 100.3× | 52.5× – 172.3× |
| EV / 营收 | 7.5× | 16.1× | 10.9× – 21.9× |
| 股价 / FCF | 23.0× | 51.9× | 34.7× – 71.8× |
| 股价 / 净资产 | 8.3× | 20.8× | 12.3× – 34.8× |
| FCF收益率 | 4.4% | 2.1% | 1.4% – 2.9% |
| 投入资本回报率 | 4.8% | 6.7% | 3.9% – 9.2% |
| 净资产收益率 | 11.5% | 12.7% | 6.2% – 22.7% |
分析师
一致目标价 $163.78 (+55.8%)
区间 $110.00 – $266.00 · 评级 Buy
强烈买入0
买入61
持有8
卖出1
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $162亿 | +22.2% | $3.95 | +136.8% | 26.6× | 31 |
| FY2027 | $192亿 | +18.5% | $4.80 | +21.5% | 21.9× | 26 |
| FY2028 | $227亿 | +18.1% | $5.87 | +22.1% | 17.9× | 13 |
| FY2029 | $266亿 | +17.2% | $6.94 | +18.4% | 15.1× | 10 |
| FY2030 | $313亿 | +17.7% | $8.49 | +22.2% | 12.4× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
ServiceNow, Inc.在近期10-Q / 10-K文件中标记的全部273项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| $8100万 | $600万 | +1,250.0% | – | – | – | |
| Accounts Payable, Current | $2.31亿 | $1.46亿 | +58.2% | $2.04亿 | $6800万 | +200.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $22.2亿 | $15.5亿 | +43.5% | $26.3亿 | $22.4亿 | +17.3% |
| Accrued Income Taxes | $1.14亿2025-12-31 | $6800万 | +67.6% | $1.14亿 | $6800万 | +67.6% |
| Accrued Liabilities, Current | $17.6亿 | $12.7亿 | +38.9% | $18.1亿 | $13.7亿 | +32.4% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $22.5亿 | $17.8亿 | +26.5% | $18.4亿 | $15.1亿 | +21.8% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$2.76亿 | -$1700万 | -1,523.5% | $1900万 | -$6800万 | +127.9% |
| Additional Paid in Capital, Common Stock | $125亿 | $89.3亿 | +39.5% | $107亿 | $74亿 | +45.2% |
| Advertising Expense | – | – | – | $3.48亿 | $2.95亿 | +18.0% |
| Amortization of Deferred Sales Commissions | $1.79亿 | $1.61亿 | +11.2% | $6.21亿 | $5.5亿 | +12.9% |
| Amortization of Intangible Assets | $1.98亿 | $3300万 | +500.0% | $1.2亿 | $9400万 | +27.7% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1970万 | 1190万 | +65.4% | 1080万 | 356万 | +203.4% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $6.3亿 | $4.92亿 | +28.0% | $19.6亿 | $17.5亿 | +12.0% |
| Assets | $318亿 | $218亿 | +46.1% | $260亿 | $204亿 | +27.7% |
| Assets, Current | $84.8亿 | $83.6亿 | +1.4% | $105亿 | $91.9亿 | +14.0% |
| Assets, Fair Value Disclosure | $59.8亿 | $89.6亿 | -33.2% | $92.6亿 | $93.6亿 | -1.0% |
| Business Combination, Acquisition Related Costs | – | – | – | $9600万 | $0 | – |
| Business Combination, Separately Recognized Transactions, Additional Disclosures, Acquisition Cost Expensed | $0 | $0 | – | – | – | – |
| Capital Expenditures Incurred but Not yet Paid | $2600万 | $2600万 | 0.0% | $1.54亿 | $5500万 | +180.0% |
| Capitalized Contract Cost, Impairment Loss | – | – | – | $0 | $0 | – |
| Cash and Cash Equivalents, at Carrying Value | $23.9亿 | $27.3亿 | -12.2% | $37.3亿 | $23亿 | +61.7% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $24.1亿 | $27.3亿 | -12.0% | $37.3亿 | $23.1亿 | +61.6% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$1.12亿 | -$3.99亿 | +71.9% | $14.2亿 | $4.06亿 | +250.2% |
| Commercial Paper | $21亿 | – | – | – | – | – |
| Common Stock, Capital Shares Reserved for Future Issuance | 1.39亿 | 2180万 | +539.0% | 1.07亿 | 2440万 | +340.8% |
| Common Stock, Par or Stated Value Per Share | $0.00 | $0.00 | 0.0% | $0.00 | $0.00 | 0.0% |
| Common Stock, Shares Authorized | 30亿 | 6亿 | +400.0% | 30亿 | 30亿 | 0.0% |
| Common Stock, Shares, Issued | 10.8亿 | 2.11亿 | +411.3% | 10.7亿 | 10.4亿 | +2.4% |
| Common Stock, Shares, Outstanding | 10.4亿 | 2.08亿 | +400.0% | 10.5亿 | 10.3亿 | +1.4% |
| Common Stock, Value, Issued | $100万 | $0 | – | $100万 | $100万 | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $4500万 | $5.34亿 | -91.6% | $18.4亿 | $13.9亿 | +31.6% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Current | $6.06亿 | $5.59亿 | +8.4% | $5.9亿 | $5.17亿 | +14.1% |
| Contract with Customer, Asset, after Allowance for Credit Loss, Noncurrent | $11.6亿 | $10.2亿 | +13.9% | $11.1亿 | $9.99亿 | +11.5% |
| Contract with Customer, Liability, Current | $76亿 | $63.5亿 | +19.7% | $83.1亿 | $68.2亿 | +21.9% |
| Contract with Customer, Liability, Noncurrent | $1.33亿 | $1.15亿 | +15.7% | $1.2亿 | $9500万 | +26.3% |
| Contract with Customer, Liability, Revenue Recognized | $36亿 | $30亿 | +20.0% | $69亿 | $57亿 | +21.1% |
| Convertible Notes Payable, Noncurrent | $14.9亿2026-03-31 | $14.9亿 | +0.1% | $14.9亿 | $14.9亿 | +0.1% |
| Cost of Revenue | $12.1亿 | $7.74亿 | +56.5% | $29.8亿 | $22.9亿 | +30.4% |
| Current Federal Tax Expense (Benefit) | – | – | – | $3600万 | $3600万 | 0.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $1.83亿 | $1.3亿 | +40.8% |
| Current Income Tax Expense (Benefit) | – | – | – | $2.62亿 | $2.15亿 | +21.9% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $4300万 | $4900万 | -12.2% |
| Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net | $6200万 | – | – | – | – | – |
| Debt Instrument, Unamortized Discount, Current | $1400万 | – | – | – | – | – |
| Debt Securities, Available-for-sale | $45.7亿 | $69.5亿 | -34.3% | $63.3亿 | $75.7亿 | -16.4% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Gain, before Tax | $100万 | $4100万 | -97.6% | $4000万 | $1800万 | +122.2% |
| Debt Securities, Available-for-sale, Accumulated Gross Unrealized Loss, before Tax | $4000万 | $1500万 | +166.7% | $1400万 | $2500万 | -44.0% |
| Debt Securities, Available-for-sale, Amortized Cost | $46.1亿 | $69.3亿 | -33.5% | $63亿 | $75.8亿 | -16.8% |
| Debt Securities, Available-for-sale, Continuous Unrealized Loss Position, 12 Months or Longer | $1700万 | $1500万 | +13.3% | $1400万 | $1800万 | -22.2% |
| Debt Securities, Available-for-sale, Current | $22.1亿 | $26.9亿 | -17.6% | $25.6亿 | $34.6亿 | -26.0% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $22.6亿 | $41.8亿 | -45.8% | $36.8亿 | $40.3亿 | -8.5% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $22.1亿 | $26.9亿 | -17.6% | $25.6亿 | $34.6亿 | -26.1% |
| Debt Securities, Available-for-sale, Maturity, without Single Maturity Date, Fair Value | $9200万 | $9000万 | +2.2% | $8900万 | $8600万 | +3.5% |
| Debt Securities, Available-for-sale, Noncurrent | $23.5亿 | $42.7亿 | -44.8% | $37.7亿 | $41.1亿 | -8.3% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $34.9亿 | $3.62亿 | +863.5% | $1.71亿 | $24.2亿 | -92.9% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $1.69亿 | $5100万 | +231.4% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | $5700万 | $5200万 | +9.6% |
| Deferred Income Tax Assets, Net | $8.04亿 | $12.2亿 | -33.9% | $10.6亿 | $13.9亿 | -23.8% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $2.51亿 | $9800万 | +156.1% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $2500万 | -$500万 | +600.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标、预期:Financial Modeling Prep。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
数据截至 2026-11-01