Quarterly ResultJul 22, 2026, 04:17 PM
ServiceNow Q2 Subscription Revenue $3.88B, Total $3.99B; Raises FY Outlook
AI Summary
ServiceNow reported strong second-quarter 2026 financial results, exceeding the high end of its guidance across all topline growth and profitability metrics. Subscription revenues reached $3.88 billion, a 24.5% year-over-year increase, while total revenues grew 24% to $3.99 billion. The company also raised its full-year 2026 subscription revenues outlook, driven by robust net new annual contract value and significant adoption of its AI offerings, which crossed $1 billion in annual contract value.
Key Highlights
- Q2 2026 Subscription revenues: $3,877 million, up 24.5% YoY (23% constant currency).
- Q2 2026 Total revenues: $3,987 million, up 24% YoY (22.5% constant currency).
- Current remaining performance obligations (cRPO): $13.20 billion, up 21% YoY.
- Remaining performance obligations (RPO): $29.0 billion, up 21% YoY.
- ServiceNow AI crossed $1 billion in annual contract value in Q2 2026.
- 123 transactions over $1 million in net new ACV in Q2 2026, growing nearly 40% YoY.
- Raised full-year 2026 subscription revenues guidance to $15,760 - $15,780 million.
- Q2 2026 Non-GAAP income from operations: $1,173 million, with a 29.5% margin.
Price Impact
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