Q4 2025 results: revenue beat and Now Assist sizing in focus
Key Questions
What were ServiceNow's key Q4 2025 financial results?
ServiceNow reported Q4 revenue of $3.57B, up 20.7% YoY, with subscription revenue at $3.47B (+21%) and cRPO at $28.2B (+25%). GAAP EPS was $0.92, with TTM EPS at $1.67 (+21%).
How has Now Assist performed in terms of ACV?
Now Assist ACV reached approximately $600M, having doubled. This contributes toward FY25 total ACV of $13.3B (+21%).
What is ServiceNow's FY26 guidance?
FY26 revenue is estimated at $15.98B, with expectations of $15B+ and 36% FCF margins. Q1 guidance includes $3.75B revenue and $0.95 EPS at 32% margins.
Why have ServiceNow shares fallen to near 52-week lows?
Shares are at $100, near 52-week low of $98, due to 9% ACV slowdown, government softness, and AI challenges. Analysts cite concerns over FY26 revenue growth guidance.
What recent changes have analysts made to ServiceNow price targets?
Goldman Sachs cut PT to $188 from $216 (Buy), BTIG to $185 from $200, Stifel $135, Wells Fargo/FBN $160, BNP $140. Despite cuts, most maintain Buy ratings.
What is the consensus analyst outlook for ServiceNow?
Consensus is Strong Buy with PTs of $180-191 or $185-187, implying 80%+ upside from $100. P/E is around 61x, seen as a dip-buy opportunity.
When is ServiceNow's Q1 2026 earnings release?
ServiceNow will announce Q1 2026 financial results on April 22. Preview expects EPS of $0.54.
Has there been notable insider activity at ServiceNow?
CEO bought $3M of shares after a 32% YTD drop. This signals confidence amid stock weakness.
ServiceNow Q4 revenue $3.57B (+20.7% YoY, sub $3.47B +21%, cRPO +25% $28.2B) and GAAP EPS $0.92/TTM $1.67 (+21%); Now Assist ACV $600M doubled toward FY25 $13.3B +21%, FY26 $15.98B est/$15B+/36% FCF/$4.6B/Q1 $3.75B $0.95/32% margins/'A' stable. Latest GS $216→$188 Buy/BTIG $185/Stifel $135/WF/FBN $160/BNP $140 on 9% ACV slowdown/gov softness/AI challenges; shares $100 near 52w low $98; Q1 Apr22 preview EPS $0.54/91% Strong Buy PT $180-191/$185-187 (80%+ upside)/P/E61x/dip-buys vs gov/SaaSpocalypse/usage billing pivot.