ServiceNow Inc (NOW)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 7,050,000 | 6,654,000 | 6,293,000 | 5,977,000 | 5,672,000 | 5,387,000 | 5,118,000 | 4,835,000 | 4,543,000 | 4,274,000 | 4,012,000 | 3,770,000 | 3,532,000 | 3,301,529 | 3,086,569 | 2,884,326 | 2,664,000 | 2,470,750 | 2,300,949 | 2,143,083 |
| Revenue (ttm) | US$ in thousands | 8,971,000 | 8,474,000 | 8,017,000 | 7,619,000 | 7,245,000 | 6,919,000 | 6,600,000 | 6,257,000 | 5,895,000 | 5,531,000 | 5,171,000 | 4,833,000 | 4,519,000 | 4,220,337 | 3,954,170 | 3,717,074 | 3,460,000 | 3,224,104 | 3,011,368 | 2,808,520 |
| Gross profit margin | 78.59% | 78.52% | 78.50% | 78.45% | 78.29% | 77.86% | 77.55% | 77.27% | 77.07% | 77.27% | 77.59% | 78.01% | 78.16% | 78.23% | 78.06% | 77.60% | 76.99% | 76.63% | 76.41% | 76.31% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,050,000K ÷ $8,971,000K
= 78.59%
ServiceNow Inc's gross profit margin has shown a consistent upward trend, recording a value of 78.59% as of December 31, 2023, compared to 77.26% in March 31, 2022. This indicates that the company has been able to effectively manage its cost of goods sold and maintain a strong level of profitability from its core operations. The incremental improvement in the gross profit margin over the observation period signifies efficient cost control and potentially favorable pricing dynamics. This trend reflects positively on the company's operational efficiency and ability to generate profit from its sales.
Peer comparison
Dec 31, 2023