Stock Analysis on Net
Stock Analysis on Net

ServiceNow Inc. (NYSE:NOW)

Common-Size Income Statement
Quarterly Data

Beginner level

ServiceNow Inc., common-size consolidated income statement (quarterly data)

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3 months ended: Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Subscription 94.74 94.83 95.06 94.48 94.25 93.65 93.80 93.11 93.09 92.75 92.21 91.01 91.42 87.13 90.25 89.35 89.17 85.17 87.43 85.66 85.47 81.25 84.88
Professional services and other 5.26 5.17 4.94 5.52 5.75 6.35 6.20 6.89 6.91 7.25 7.79 8.99 8.58 12.87 9.75 10.65 10.83 14.83 12.57 14.34 14.53 18.75 15.12
Revenues 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Subscription -16.43 -16.06 -15.26 -15.58 -15.73 -16.25 -16.05 -15.86 -15.87 -16.12 -16.19 -16.02 -16.44 -16.07 -16.89 -16.78 -17.21 -16.51 -17.26 -17.33 -17.63 -18.40 -20.02
Professional services and other -5.42 -5.70 -6.08 -6.64 -6.94 -7.52 -7.56 -7.64 -7.58 -8.16 -8.16 -8.57 -9.11 -9.73 -11.05 -10.43 -11.54 -11.80 -13.56 -14.49 -13.72 -13.91 -16.26
Cost of revenues -21.85% -21.75% -21.35% -22.22% -22.67% -23.76% -23.61% -23.50% -23.45% -24.27% -24.35% -24.59% -25.55% -25.80% -27.94% -27.21% -28.75% -28.32% -30.82% -31.83% -31.36% -32.31% -36.28%
Gross profit 78.15% 78.25% 78.65% 77.78% 77.33% 76.24% 76.39% 76.50% 76.55% 75.73% 75.65% 75.41% 74.45% 74.20% 72.06% 72.79% 71.25% 71.68% 69.18% 68.17% 68.64% 67.69% 63.72%
Sales and marketing -39.36 -39.83 -42.17 -43.71 -40.98 -47.24 -45.81 -44.61 -42.98 -49.26 -48.15 -47.64 -45.57 -52.41 -50.89 -48.97 -46.55 -54.64 -51.85 -46.88 -45.15 -55.36 -51.92
Research and development -23.29 -22.89 -21.66 -21.26 -21.46 -22.00 -21.87 -20.78 -20.15 -20.27 -19.90 -19.14 -19.77 -19.08 -20.27 -19.17 -20.97 -20.62 -21.55 -20.46 -21.38 -21.59 -23.52
General and administrative -9.48 -9.72 -10.11 -9.82 -8.54 -10.25 -10.71 -11.07 -11.99 -11.27 -11.04 -11.03 -10.53 -10.92 -11.10 -10.77 -11.21 -10.57 -13.48 -11.64 -12.86 -12.32 -13.87
Legal settlements 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 -88.27 0.00 0.00 0.00 0.00
Operating expenses -72.13% -72.43% -73.94% -74.79% -70.97% -79.48% -78.38% -76.46% -75.13% -80.80% -79.09% -77.81% -75.87% -82.42% -82.26% -78.91% -78.73% -85.83% -175.16% -78.98% -79.38% -89.27% -89.31%
Income (loss) from operations 6.02% 5.81% 4.72% 3.00% 6.36% -3.24% -1.99% 0.04% 1.42% -5.07% -3.44% -2.40% -1.42% -8.21% -10.19% -6.12% -7.49% -14.14% -105.97% -10.80% -10.74% -21.58% -25.59%
Interest expense -0.69 -0.79 -0.82 -0.89 -0.94 -0.99 -1.04 -1.25 -1.67 -2.46 -2.90 -3.08 -3.33 -2.40 -2.08 -2.21 -2.35 -2.42 -2.65 -2.79 -3.00 -3.12 -3.58
Interest income and other income (expense), net -3.12 0.77 0.73 1.49 1.45 2.27 1.57 1.48 1.32 1.05 5.09 0.93 0.17 -1.66 1.85 0.33 0.50 0.66 0.23 1.11 -1.51 0.21 2.22
Income (loss) before income taxes 2.21% 5.79% 4.62% 3.59% 6.86% -1.96% -1.45% 0.27% 1.07% -6.47% -1.25% -4.55% -4.57% -12.28% -10.43% -8.00% -9.33% -15.90% -108.40% -12.48% -15.25% -24.49% -26.94%
(Provision for) benefit from income taxes -1.09 -1.99 -0.01 59.31 -2.28 0.63 1.26 0.71 0.17 -1.89 3.05 -0.54 -0.29 0.30 0.67 -0.45 -0.80 1.36 -0.58 -0.60 -0.46 -0.61 -0.47
Net income (loss) 1.12% 3.81% 4.61% 62.91% 4.58% -1.33% -0.20% 0.98% 1.25% -8.36% 1.80% -5.09% -4.86% -11.97% -9.76% -8.45% -10.14% -14.54% -108.98% -13.09% -15.71% -25.10% -27.41%

Based on: 10-Q (filing date: 2020-10-29), 10-Q (filing date: 2020-07-30), 10-Q (filing date: 2020-04-30), 10-K (filing date: 2020-02-20), 10-Q (filing date: 2019-10-25), 10-Q (filing date: 2019-08-06), 10-Q (filing date: 2019-05-03), 10-K (filing date: 2019-02-27), 10-Q (filing date: 2018-11-07), 10-Q (filing date: 2018-08-08), 10-Q (filing date: 2018-05-08), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-06), 10-Q (filing date: 2017-08-08), 10-Q (filing date: 2017-05-05), 10-K (filing date: 2017-02-28), 10-Q (filing date: 2016-11-04), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-06), 10-K (filing date: 2016-02-25), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-06), 10-Q (filing date: 2015-05-07).

Income statement item Description The company
Income (loss) from operations The net result for the period of deducting operating expenses from operating revenues. ServiceNow Inc.’s income (loss) from operations as a percentage of revenues increased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Income (loss) 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.’s income (loss) before income taxes as a percentage of revenues increased from Q1 2020 to Q2 2020 but then decreased significantly from Q2 2020 to Q3 2020.
Net income (loss) The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. ServiceNow Inc.’s net income (loss) as a percentage of revenues decreased from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.