Quarterly ResultApr 22, 2026, 04:56 PM
ServiceNow Q1 2026 Subscription Revenue $3.67B, Beats Guidance
AI Summary
ServiceNow reported strong first-quarter 2026 financial results, exceeding the high end of its guidance across all top-line growth and profitability metrics. The company achieved $3.67 billion in subscription revenues, a 22% year-over-year increase, and raised its full-year subscription revenues outlook. This performance was driven by robust growth in remaining performance obligations and significant expansion in AI-related customer spending, reinforcing its position as a fast-growing enterprise software company.
Key Highlights
- Q1 2026 subscription revenues reached $3.67 billion, up 22% year-over-year.
- Total revenues for Q1 2026 were $3.77 billion, a 22% year-over-year increase.
- Current remaining performance obligations grew 22.5% to $12.64 billion.
- Remaining performance obligations increased 25% to $27.7 billion.
- Now Assist customers with over $1M ACV grew over 130% year-over-year.