ServiceNow Q1 2026 Subscription Revenue Hits $3.67B, Up 22% YoY
ServiceNow (NYSE:NOW) announced Q1 2026 financial results with subscription revenue of $3,671 million, representing 22% YoY growth and 19% constant currency growth. Current remaining performance obligations (cRPO) reached a record high.
Key Numbers
ServiceNow, Inc. (NYSE:NOW) reported its Q1 2026 financial results on April 22, 2026, with subscription revenue reaching $3,671 million, reflecting 22% year-over-year growth and 19% growth in constant currency. The company's current remaining performance obligations (cRPO) also hit a record level as of March 31, 2026, signaling strong future revenue.
Key Financial Metrics
| Metric | Q1 2026 | YoY Change |
|---|---|---|
| Subscription Revenue | $3,671M | +22% |
| Constant Currency Growth | 19% | - |
| cRPO | Record high | - |
Note: Net income and EPS were not disclosed in the release.
Highlights from the Announcement
ServiceNow attributed the growth to increased adoption of its cloud-based automation platform, particularly in AI and workflow automation. The record cRPO indicates strong contract wins and customer commitment.
Guidance
No specific forward guidance was provided in the announcement. However, cRPO growth is often viewed as a leading indicator of future subscription revenue.
Stock Impact
The stock reaction was not mentioned in the source. Investors typically monitor subscription growth and cRPO as key health metrics.
What This Means for Investors
ServiceNow's results reinforce its position as a fundamental growth stock in enterprise software, favored by billionaire investors. The strong subscription growth and record cRPO suggest sustained demand, but investors should watch for future guidance and competitive dynamics.
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