ServiceNow Inc (NOW)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,364,000 | 762,000 | 355,000 | 257,000 | 199,000 |
| Revenue | US$ in thousands | 10,984,000 | 8,971,000 | 7,245,000 | 5,896,000 | 4,519,000 |
| Operating profit margin | 12.42% | 8.49% | 4.90% | 4.36% | 4.40% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,364,000K ÷ $10,984,000K
= 12.42%
ServiceNow Inc's operating profit margin has shown a fluctuating trend over the past five years, starting at 4.40% on December 31, 2020, and slightly decreasing to 4.36% on December 31, 2021. However, there was a notable increase in the operating profit margin to 4.90% on December 31, 2022. Subsequently, the operating profit margin experienced significant growth, reaching 8.49% on December 31, 2023, and further improving to 12.42% by December 31, 2024. This upward trajectory in the operating profit margin indicates an enhancement in the company's operational efficiency and cost management practices, leading to improved profitability over the years.
Peer comparison
Dec 31, 2024