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Visu uses AI to transform SEC filings and press releases into accurate summaries of earnings and key company events.
ServiceNow Shareholders Approve Equity Plan and Director Elections
At the Annual Shareholders Meeting on May 21, 2026, ServiceNow shareholders approved several key proposals, including amendments to the 2021 Equity Incentive Plan, which increased the available share reserve by 38 million shares. Additionally, shareholders elected new directors and ratified PricewaterhouseCoopers LLP as the independent accounting firm for the year ending December 31, 2026.
The shareholders also conducted advisory votes on executive compensation, approving the 2025 compensation of named executive officers and deciding to hold future advisory votes on executive compensation annually. A proposal regarding shareholder rights to act by written consent was rejected. The outcomes of these votes could have implications for the company's governance and compensation practices.
linkMay 22, 2026 16:41:19
ServiceNow Completes $4 Billion Notes Offering with Various Maturities
ServiceNow, Inc. has successfully completed an offering of $4 billion in aggregate principal amount of notes. This includes five different series of notes: $750 million of 4.250% Notes due 2028, $600 million of 4.700% Notes due 2031, $650 million of 5.050% Notes due 2033, $1.25 billion of 5.400% Notes due 2036, and $750 million of 6.300% Notes due 2056.
The offering was conducted under the company's Registration Statement on Form S-3, with underwriting services provided by Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, and Wells Fargo Securities, LLC. The notes were issued under an Indenture with U.S. Bank Trust Company, National Association, serving as trustee. Legal counsel from Skadden, Arps, Slate, Meagher & Flom LLP has confirmed the legality of the notes.
linkMay 15, 2026 16:05:53
ServiceNow Secures $4 Billion Term Loan for Acquisition Strategy
ServiceNow has entered into a $4 billion unsecured term loan agreement, maturing on October 16, 2026, to help finance its acquisition of Armis Security Ltd. The loan will accrue interest based on the company's credit ratings, and the company has the option to extend the maturity date under certain conditions. This acquisition is expected to enhance ServiceNow's capabilities in cybersecurity and expand its addressable market.
In its financial results for Q1 2026, ServiceNow reported subscription revenues of $3.67 billion, reflecting a 22% year-over-year growth. The company also announced a current remaining performance obligation of $12.64 billion, a 22.5% increase from the previous year. ServiceNow's strong performance was supported by significant growth in high-value customer contracts, with over 130% growth in customers spending more than $1 million annually. The company has also repurchased approximately 20.1 million shares to manage dilution and plans to continue expanding its AI capabilities through strategic partnerships and innovations.
linkApr 22, 2026 16:49:29
ServiceNow Establishes $3 Billion Credit Facility and Program
ServiceNow, Inc. has entered into a Credit Agreement establishing a $3 billion unsecured revolving credit facility, maturing on April 1, 2031. The facility can be used for working capital and general corporate purposes, with the potential to increase commitments by up to $2 billion. The company has not yet borrowed funds under this facility, and interest rates will vary based on the company’s credit ratings.
Additionally, ServiceNow has launched a commercial paper program allowing it to issue short-term, unsecured notes with a maximum outstanding amount of $3 billion. The proceeds from these notes are intended for general corporate purposes, and the notes will have maturities not exceeding 397 days. As of the current date, no notes have been issued under this program.
linkApr 01, 2026 16:14:42
ServiceNow Executives Terminate Trading Plans and CEO Plans Stock Purchase
ServiceNow executives, including CEO William R. McDermott and CFO Gina Mastantuono, have terminated their trading plans that were set up to comply with securities regulations. This action cancels all future planned sales of ServiceNow common stock by these individuals.
Additionally, CEO McDermott has entered into a share purchase agreement to buy $3 million worth of ServiceNow common stock on February 27, 2026. This purchase will occur at market prices and will be reported in a Form 4 filing with the Securities and Exchange Commission as required.
linkFeb 17, 2026 09:02:26
ServiceNow Appoints New Chief Accounting Officer and Executive VP
ServiceNow has appointed Danielle Fontaine as the Chief Accounting Officer and Corporate Controller, effective February 17, 2026. Fontaine, who has been with the company as Assistant Controller since September 2021, previously held roles at Alphabet, Inc. and Gap, Inc. She will receive an annual base salary of $420,000, a target cash bonus opportunity of 40% of her base salary, and a restricted stock unit award valued at $1,250,000, which will vest over four years.
Kevin McBride, the former Chief Accounting Officer, has been promoted to Executive Vice President, Accounting and Corporate Services, taking on new responsibilities. Fontaine's appointment does not involve any arrangements or understandings with other parties, and there are no disclosed family relationships or transactions that require further disclosure. She has also executed the standard indemnification agreement for officers.
linkFeb 11, 2026 09:07:36
ServiceNow Announces Q4 2025 Financial Results and Share Buyback
ServiceNow reported subscription revenues of $3,466 million for the fourth quarter of 2025, marking a 21% increase year-over-year. Total revenues reached $3,568 million, reflecting a 20.5% growth compared to the same quarter last year. The company also noted a significant increase in current remaining performance obligations, which stood at $12.85 billion, a 25% year-over-year growth. Additionally, ServiceNow's Board of Directors has authorized a $5 billion increase in its share repurchase program, building on the $1.4 billion remaining from previous authorizations as of December 31, 2025.
In terms of business expansion, ServiceNow has announced plans to acquire Armis and Veza to enhance its cybersecurity and identity security offerings. The company also completed its acquisition of Moveworks in December 2025. Furthermore, ServiceNow reported that it repurchased approximately 3.6 million shares for $597 million during Q4 2025, with plans for a $2 billion accelerated share repurchase. The company is actively pursuing partnerships to integrate AI capabilities across its services, aiming to strengthen its market position.
linkJan 28, 2026 16:11:25
ServiceNow CEO Employment Agreement and Severance Policy Updated
ServiceNow has amended the employment agreement of its CEO, William R. McDermott, effective January 1, 2026. This amendment ensures that McDermott will continue in his role until at least December 31, 2030, with his compensation tied to the company's performance against peers. The amendment also outlines his potential roles, which may include Executive Chairman, depending on the Board's discretion.
Additionally, the company has updated its Executive Severance Policy, effective January 1, 2026, detailing severance benefits for the CEO upon termination. In cases of a Qualifying Termination related to a Change in Control, the CEO will receive a lump sum equal to twice his base salary and other benefits, including immediate vesting of unvested equity awards. The policy also specifies benefits for terminations not related to a Change in Control and includes provisions for retirement and disability scenarios.
linkDec 23, 2025 17:12:27
ServiceNow Files Registration for Stockholder Share Resale
ServiceNow, Inc. has filed a prospectus supplement with the SEC on December 15, 2025, which covers the resale of shares of the company's common stock by certain stockholders. These stockholders acquired the shares as part of ServiceNow's acquisition of Moveworks, Inc.
The filing includes a legal opinion regarding the validity of the shares from the law firm Skadden, Arps, Slate, Meagher & Flom LLP. This prospectus supplement is part of an effective registration statement under Form S-3ASR, indicating ongoing compliance with regulatory requirements.
linkDec 15, 2025 16:20:40
ServiceNow Announces 5-for-1 Stock Split Approval Details
ServiceNow, Inc. shareholders approved an Amended and Restated Certificate of Incorporation on December 5, 2025, which includes a 5-for-1 stock split of the company's common stock. This stock split will increase the number of authorized shares proportionately and is set to take effect at 4:05 p.m. Eastern Time on December 17, 2025.
Shareholders of record as of December 16, 2025, will receive four additional shares for each share held, with these adjustments reflected in their accounts on approximately December 17, 2025. Trading on a split-adjusted basis is anticipated to begin on December 18, 2025.
linkDec 05, 2025 16:11:27