ServiceNow stock climbs after a 24% revenue jump
Published on 08/27/2026 at 10:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ServiceNow Inc. (US81762P1021) is trading off a July 22, 2026 quarter that delivered $3.99 billion in revenue and adjusted EPS of $0.90, both above expectations in the latest reported period. The stock's recent market frame also includes a close of $126.98 on August 25, 2026 and a market value of $131.29 billion.
What the latest quarter showed
The July 22, 2026 report was the main catalyst behind the current setup: revenue rose 24% year over year from the prior quarter's comparison base, while EPS improved to $0.90 from $0.81 a year earlier. Subscription revenue reached $3.88 billion, and current remaining performance obligations increased 21% to $13.20 billion, pointing to a deeper booked base.
That combination matters because it shows both execution and backlog growth in the same quarter. The company also lifted full-year 2026 subscription revenue guidance to $15.76 billion to $15.78 billion, implying 22.5% growth for the year.
Valuation still matters
At $126.98 on August 25, 2026, the shares sat well below the 52-week high of $194.73 and above the 52-week low of $81.24. The market cap was listed at $131.29 billion, while the price target consensus was $144.24.
For investors, the tension is simple: growth remains strong, but the multiple is still rich. A P/E ratio of 79.36 leaves little room for a slowdown if subscription growth or the guidance range softens.
ServiceNow platform mix
ServiceNow's workflow software spans IT service management, employee workflows, and customer service use cases, which helps explain why subscription revenue and RPO are watched so closely. The business also keeps adding AI-related functionality across its enterprise platform, which has become a key part of the revenue story.
Recent trading context
The shares were last quoted at $126.98 on August 25, 2026, with extended trading at $122.80 on August 26, 2026, showing how quickly sentiment can shift around a large-cap software name. MarketBeat's snapshot also showed a consensus rating of Moderate Buy and an average price target of $144.24.
Fact box
Company: ServiceNow Inc.
ISIN: US81762P1021
Ticker: NOW
Exchange: Nasdaq
Price (as of August 25, 2026, 3:59 p.m. ET): $126.98 USD
Market cap: $131.29 billion (as of August 26, 2026)
Sector / Industry: Information Technology / Software - Infrastructure
Index membership: Nasdaq-100
More on ServiceNow stock
ServiceNow stock continues to trade as a growth-and-valuation story, with the July 22, 2026 quarter, the $15.76 billion to $15.78 billion subscription revenue guide, and the $131.29 billion market cap defining the setup into late August.
