Stock Analysis on Net
Stock Analysis on Net

ServiceNow Inc. (NYSE:NOW)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

ServiceNow Inc., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Accounts payable 0.96 1.47 0.33 0.90 1.63 1.27 0.72 0.46 1.15 1.67 2.06 1.76 2.39 1.51 0.82 0.68 1.07 1.24 0.39 0.67 1.32 1.19
Accrued expenses and other current liabilities 6.25 5.29 6.72 5.74 6.39 5.80 7.85 6.63 5.98 5.10 7.33 5.92 6.35 6.01 7.87 6.37 6.62 5.49 7.67 5.74 6.85 5.99
Current portion of deferred revenue 30.85 32.12 33.45 29.60 30.84 32.49 33.27 29.42 30.91 34.83 35.04 31.43 33.20 35.02 35.53 31.11 32.91 33.94 33.99 29.52 34.51 35.74
Current portion of operating lease liabilities 0.47 0.49 0.50 0.58 0.54 0.52 0.51 0.60 0.60 0.71 0.72 0.80 0.78 0.79 0.76 0.87 0.87 0.87 0.83 0.88 1.01 0.98
Current debt, net 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 0.80 0.85 0.98 1.08 0.00 0.00 0.00 0.00 0.00
Current liabilities 38.52% 39.38% 41.00% 36.81% 39.39% 40.09% 42.36% 37.11% 38.65% 42.32% 45.15% 39.91% 42.72% 44.14% 45.83% 40.01% 42.54% 41.53% 42.88% 36.80% 43.69% 43.91%
Deferred revenue, less current portion 0.50 0.56 0.47 0.42 0.47 0.57 0.47 0.30 0.30 0.39 0.53 0.57 0.52 0.52 0.58 0.56 0.53 0.57 0.52 0.49 0.48 0.65
Operating lease liabilities, less current portion 3.70 3.84 3.37 3.53 3.67 3.95 4.07 4.52 4.26 4.81 4.89 4.96 5.15 4.98 5.15 5.99 4.65 4.76 4.85 5.58 6.69 7.11
Long-term debt, net, less current portion 6.76 7.10 7.31 8.08 8.17 8.48 8.56 9.85 9.96 10.92 11.17 13.37 13.38 13.50 13.74 15.66 16.14 18.26 18.82 22.13 10.67 11.32
Other long-term liabilities 0.95 0.77 0.71 0.77 0.70 0.70 0.68 0.62 0.42 0.43 0.42 0.47 0.45 0.50 0.47 0.50 0.49 0.45 0.40 0.30 0.45 0.44
Long-term liabilities 11.90% 12.28% 11.85% 12.79% 13.01% 13.70% 13.77% 15.29% 14.94% 16.55% 17.01% 19.37% 19.50% 19.50% 19.95% 22.71% 21.81% 24.04% 24.59% 28.50% 18.30% 19.53%
Total liabilities 50.42% 51.65% 52.86% 49.60% 52.40% 53.79% 56.13% 52.41% 53.59% 58.87% 62.16% 59.27% 62.22% 63.64% 65.78% 62.71% 64.35% 65.57% 67.48% 65.30% 61.99% 63.43%
Preferred stock, $0.001 par value; no shares issued or outstanding 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 0.00 0.00 0.00 0.00
Common stock, $0.001 par value 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 0.00 0.00 0.00 0.00
Treasury stock, at cost -8.48 -7.21 -5.98 -5.02 -3.87 -4.03 -3.08 -1.87 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
Additional paid-in capital 38.61 37.04 36.31 38.66 37.18 36.86 35.26 38.74 36.76 38.06 36.06 40.58 37.70 35.70 33.94 37.10 35.90 35.51 34.12 37.28 41.59 41.70
Accumulated other comprehensive income (loss) -0.22 -0.33 -0.33 -0.11 -0.43 -0.39 -0.21 -1.04 -0.61 -0.51 -0.77 -1.55 -0.90 -0.15 0.31 0.51 0.76 0.63 1.08 0.67 0.46 -0.23
Retained earnings (accumulated deficit) 19.68 18.85 17.14 16.87 14.71 13.77 11.90 11.76 10.27 3.58 2.54 1.69 0.97 0.80 -0.04 -0.32 -1.01 -1.72 -2.68 -3.25 -4.04 -4.91
Stockholders’ equity 49.58% 48.35% 47.14% 50.40% 47.60% 46.21% 43.87% 47.59% 46.41% 41.13% 37.84% 40.73% 37.78% 36.36% 34.22% 37.29% 35.65% 34.43% 32.52% 34.70% 38.01% 36.57%
Total liabilities and stockholders’ equity 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%

Based on: 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Accounts Payable
The proportion of accounts payable fluctuates moderately, starting at 1.19% in March 2020, peaking around mid-2022 at 2.39%, and generally declining toward early 2024. The data indicate some volatility without a clear sustained upward or downward trend.
Accrued Expenses and Other Current Liabilities
This category shows slight oscillations between approximately 5.1% and 7.85% over the entire period. There are periods of rise notably around late 2020 and late 2021, followed by moderate declines, indicating variability in short-term obligations.
Current Portion of Deferred Revenue
The current deferred revenue remains consistently the largest component of liabilities, ranging near 30% to 36% across all quarters. Seasonal or cyclic fluctuations are observed with dips near Q3 2023 and rises toward Q1 2025, suggesting stable, significant short-term deferred income.
Current Portion of Operating Lease Liabilities
This metric shows a gradual decline in percentage from around 0.98% in early 2020 to below 0.5% by mid-2025. The downward trend suggests reduced short-term lease obligations over time.
Current Debt, Net
Available data is sparse, but a moderate presence is seen around 0.8% to 1.1% in late 2020 and early 2021, after which no values are provided. This points to episodic or transient current debt engagements.
Current Liabilities
The overall current liabilities as a share of total liabilities and equity fluctuate between 36.8% and 45.8%. Peaks occur in Q4 2021 and late 2022, with troughs around Q3 2023, indicating periodic variations in short-term liabilities.
Deferred Revenue, Less Current Portion
This long-term deferred revenue remains relatively low and stable, mostly within 0.3% to 0.6%. Minor fluctuations indicate consistent, modest deferred income amounts beyond one year.
Operating Lease Liabilities, Less Current Portion
This liability category shows a declining trend from about 7.1% in Q1 2020 to around 3.7% by mid-2025. The steady decrease indicates reduction in long-term lease obligations.
Long-term Debt, Net, Less Current Portion
Long-term debt exhibits a sharp rise from 10.67% in June 2020 to a notable peak of 22.13% in September 2020, followed by a consistent decline down to approximately 6.76% by mid-2025. This suggests an initial increase in long-term borrowing that was subsequently reduced over time.
Other Long-term Liabilities
These liabilities remain low but slowly increase from around 0.44% early on to nearly 0.95% by mid-2025, signaling modest growth in other long-term obligations.
Long-term Liabilities
The total long-term liabilities follow a similar pattern to long-term debt, peaking in late 2020 near 28.5%, then declining steadily to roughly 11.9% by mid-2025, indicating overall reduction in long-term obligations.
Total Liabilities
Total liabilities as a percentage of total liabilities and equity vary between approximately 50.4% and 67.5%, generally trending downward from early 2020 through mid-2025. This suggests a gradual deleveraging or an increasing equity base.
Treasury Stock, at Cost
Data starting from late 2022 show an increasing negative balance, moving from -1.87% to -8.48% by the end of 2024, indicating significant repurchases or holdings of treasury stock, which reduces equity.
Additional Paid-in Capital
This equity component fluctuates broadly between 33.94% and 41.7%, showing some volatility but generally maintaining a stable contribution to equity.
Accumulated Other Comprehensive Income (Loss)
This item oscillates around zero with negative values dominating from late 2021 onward, reaching lows of about -1.55%. The small magnitude suggests limited impact on overall equity.
Retained Earnings (Accumulated Deficit)
Retained earnings improve markedly over the period from a deficit near -4.91% in early 2020 to a surplus exceeding 19% by mid-2025. This reflects continued profitability and accumulation of earnings within equity.
Stockholders’ Equity
Equity as a proportion of total liabilities and equity grows from roughly 32.5% in late 2020 to a peak near 50.4% by late 2024, before slightly declining towards mid-2025. This increase corroborates the trend of rising retained earnings and decreasing liabilities.