ServiceNow Inc
For the period ended Dec 31, 2024. Filed Jan 30, 2025.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Jan 30, 2025
NOW$99.61-3.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Income
(in millions, except number of shares which are reflected in thousands and per share data)
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Revenues: | |||
| Subscription | $10,646 | $8,680 | $6,891 |
| Professional services and other | 338 | 291 | 354 |
| Total revenues | 10,984 | 8,971 | 7,245 |
| Cost of revenues (1): | |||
| Subscription | 1,942 | 1,606 | 1,187 |
| Professional services and other | 345 | 315 | 386 |
| Total cost of revenues | 2,287 | 1,921 | 1,573 |
| Gross profit | 8,697 | 7,050 | 5,672 |
| Operating expenses (1): | |||
| Sales and marketing | 3,854 | 3,301 | 2,814 |
| Research and development | 2,543 | 2,124 | 1,768 |
| General and administrative | 936 | 863 | 735 |
| Total operating expenses | 7,333 | 6,288 | 5,317 |
| Income from operations | 1,364 | 762 | 355 |
| Interest income | 419 | 302 | 82 |
| Other expense, net | (45) | (56) | (38) |
| Income before income taxes | 1,738 | 1,008 | 399 |
| Provision for (benefit from) income taxes | 313 | (723) | 74 |
| Net income | $1,425 | $1,731 | $325 |
| Net income per share - basic | $6.92 | $8.48 | $1.61 |
| Net income per share - diluted | $6.84 | $8.42 | $1.60 |
| Weighted-average shares used to compute net income per share - basic | 205,834 | 204,137 | 201,430 |
| Weighted-average shares used to compute net income per share - diluted | 208,423 | 205,591 | 203,535 |
| Other comprehensive (loss) income: | |||
| Foreign currency translation adjustments | $(93) | $27 | $(70) |
| Unrealized gains (losses) on investments, net of tax | 12 | 38 | (66) |
| Unrealized gains (losses) on derivative instruments, net of tax | 50 | — | — |
| Other comprehensive (loss) income | (31) | 65 | (136) |
| Comprehensive income | $1,394 | $1,796 | $189 |
(1)Includes stock-based compensation as follows:
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cost of revenues: | |||
| Subscription | $250 | $202 | $157 |
| Professional services and other | 46 | 52 | 67 |
| Operating expenses: | |||
| Sales and marketing | 565 | 505 | 459 |
| Research and development | 655 | 579 | 495 |
| General and administrative | 230 | 266 | 223 |
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