Stock Analysis on Net
Stock Analysis on Net

ServiceNow Inc. (NYSE:NOW)

Common-Size Income Statement

ServiceNow Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Subscription 96.76 95.11 94.52 94.83 94.07
Professional services and other 3.24 4.89 5.48 5.17 5.93
Revenues 100.00% 100.00% 100.00% 100.00% 100.00%
Subscription -17.90 -16.38 -17.33 -16.17 -15.88
Professional services and other -3.51 -5.33 -5.61 -5.67 -7.14
Cost of revenues -21.41% -21.71% -22.95% -21.84% -23.02%
Gross profit 78.59% 78.29% 77.05% 78.16% 76.98%
Sales and marketing -36.80 -38.84 -38.87 -41.04 -44.34
Research and development -23.68 -24.40 -23.69 -22.66 -21.63
General and administrative -9.62 -10.14 -10.13 -10.05 -9.80
Operating expenses -70.09% -73.39% -72.69% -73.76% -75.76%
Income from operations 8.49% 4.90% 4.36% 4.40% 1.22%
Interest income 3.37 1.13 0.34 0.87 1.60
Interest expense -0.27 -0.37 -0.47 -0.72 -0.96
Other -0.36 -0.15 0.00 -1.25 0.08
Other expense, net -0.62% -0.52% -0.47% -1.97% -0.88%
Income before income taxes 11.24% 5.51% 4.22% 3.30% 1.94%
(Provision for) benefit from income taxes 8.06 -1.02 -0.32 -0.68 16.17
Net income 19.30% 4.49% 3.90% 2.62% 18.11%

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Income from operations The net result for the period of deducting operating expenses from operating revenues. ServiceNow Inc. income from operations as a percentage of revenues increased from 2021 to 2022 and from 2022 to 2023.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. ServiceNow Inc. income before income taxes as a percentage of revenues increased from 2021 to 2022 and from 2022 to 2023.
Net income The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. ServiceNow Inc. net income as a percentage of revenues increased from 2021 to 2022 and from 2022 to 2023.