ServiceNow, Inc.

For the period ended Dec 31, 2025. Filed Jan 29, 2026.

About this filing

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.

FY2025 · Filed Jan 29, 2026

NOW$99.61-3.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Item 8. Consolidated Statements of Cash Flows

Part II

Consolidated Statements of Cash Flows

(in millions)

	Year Ended December 31,
	2025	2024	2023
Cash flows from operating activities:
Net income	$1,748	$1,425	$1,731
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	738	564	562
Amortization of deferred commissions	621	550	459
Stock-based compensation	1,955	1,746	1,604
Deferred income taxes	249	98	(857)
Other	104	(51)	—
Changes in operating assets and liabilities, net of effect of business combinations:
Accounts receivable	(312)	(254)	(300)
Deferred commissions	(758)	(713)	(717)
Prepaid expenses and other assets	(384)	(332)	(203)
Accounts payable	55	(52)	(142)
Deferred revenue	1,179	1,179	1,085
Accrued expenses and other liabilities	249	107	176
Net cash provided by operating activities	5,444	4,267	3,398
Cash flows from investing activities:
Purchases of property and equipment	(868)	(852)	(694)
Business combinations, net of cash acquired	(1,084)	(113)	(279)
Purchases of other intangibles	(43)	(40)	(3)
Purchases of marketable securities	(2,814)	(5,031)	(4,634)
Purchases of strategic investments	(1,056)	(181)	(75)
Sales and maturities of marketable securities	4,138	3,752	3,522
Other	38	(36)	(4)
Net cash used in investing activities	(1,689)	(2,501)	(2,167)
Cash flows from financing activities:
Proceeds from employee stock plans	270	237	194
Repurchases of common stock	(1,840)	(696)	(538)
Taxes paid related to net share settlement of equity awards	(770)	(700)	(459)
Business combination	—	(184)	—
Net cash used in financing activities	(2,340)	(1,343)	(803)
Foreign currency effect on cash, cash equivalents and restricted cash	7	(17)	1
Net change in cash, cash equivalents and restricted cash	1,422	406	429
Cash, cash equivalents and restricted cash at beginning of period	2,310	1,904	1,475
Cash, cash equivalents and restricted cash at end of period	$3,732	$2,310	$1,904
Cash, cash equivalents and restricted cash at end of period:
Cash and cash equivalents	$3,726	$2,304	$1,897
Restricted cash included in prepaid expenses and other current assets	6	6	7
Total cash, cash equivalents and restricted cash shown in the consolidated statements of cash flows	$3,732	$2,310	$1,904
Supplemental disclosures of other cash flow information:
Interest paid	$22	$23	$23
Income taxes paid, net of refunds(1)	283	230	127
Non-cash investing and financing activities:
Property and equipment included in accounts payable, accrued expenses and other liabilities	154	55	44
Fair value of common stock issued for business combinations	1,901	—	—

(1)Income taxes paid, net of refunds, disaggregated by jurisdiction, are outlined below:

	Year Ended December 31,
	2025	2024	2023
Federal	$46	$64	$2
State	83	55	54
Foreign	154	111	71
Income taxes paid, net of refunds	$283	$230	$127
Income taxes paid, net of refunds exceeding 5 percent of total income taxes paid, net of refunds
Foreign
India	$38	$25	$19
Brazil	34	28	15
Ireland	29	17	9
Netherlands	22	15	7
State
New Jersey	15	*	10
Illinois	*	*	14

*The amount of income taxes paid during the year does not meet the 5% disaggregation threshold.

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.