0001373715-25-000309
SEC filingNo Notes data available in input.
ServiceNow's cash flow from operations (CFO) of $4.582 billion for the nine months ended September 30, 2025, significantly exceeded net income (not shown here but implied by strong profitability), demonstrating high earnings quality. Capex of $199 million was just 4.3% of CFO, indicating a very asset-light model. Free cash flow (FCF) reached $4.383 billion, well above the $1.831 billion deployed in share repurchases. The company also paid down $2.386 billion in debt and lease obligations, reducing leverage. Notable working capital benefits included a $1.2 billion increase in deferred revenue and $468 million in accounts payable, offset by $309 million in accounts receivable growth. No extraordinary tax or one-time items were evident. Overall, cash generation remains robust and self-funded.