- Price
- $137.97 → $140.86(+2.1%)
- Discount
- 16.4% → 14.6%(−1.8 pts)
- Balance sheet
- Cash: $6.7B
Debt: $7.5B
Net debt: $800M
EBITDA, last 12 months: $3.5B
Net debt / EBITDA: 0.2× (low)
Undrawn credit line: $3.0B, to April 2031
Last debt due: 2056
Ratings: Moody's A2, S&P A
ServiceNow had almost no debt until April 2026. Then it paid about $7.6 billion in cash for Armis and used a $4.0 billion term loan for part of the price. In May 2026, it repaid the loan with $4.0 billion of fixed-rate unsecured notes due from 2028 to 2056. At June 30, 2026, debt was $7.5 billion. Of this, $5.5 billion of debt was fixed-rate notes, including $1.5 billion of 1.40% notes due 2030. The other $2.1 billion was commercial paper with an average remaining term of 81 days, so this part must roll over at short-term rates. Cash and marketable securities wereincludes $6.7 billion: $2.5 billion of cash, $2.2 billion of short-term securities and $2.0 billion of long-term securities. Net debt was only about $0.8 billion. This is small against EBITDA of about $3.5 billionis for the 12 months to June 2026, and free cash flow ofwas about $4.6 billion in the 12 months to June 2026same period. Customers pay subscriptions in advance, so deferred revenue of $8.2 billion is the largest liability. This helps cash flow, but it is not debt. The $3.0 billion revolving credit facility to April 2031 was undrawn. Theratings are from the May 2026 bond documents showed ratings of A2 at Moody's and A at S&P. Goodwill and intangible assets rose to $13.6 billion after the purchases. The low net debt leaves room to keep buying back shares: $2.2 billion in the first half of 2026, with $4.2 billion of authorization left.
As of 2026-06-30.