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Adobe vs ServiceNow: revenue, profit, margins and growth compared

Adobe brought in $23.8B of revenue in fiscal 2025, ServiceNow $13.3B in fiscal 2025. Revenue changed by +10.5% at Adobe and +20.9% at ServiceNow on the year before, so ServiceNow grew faster. Adobe kept 30.0% of its revenue as net profit, ServiceNow 13.2%. Free cash flow was $9.9B at Adobe and $4.6B at ServiceNow.

Side by side, latest fiscal year

ADBENOW
Fiscal year endedFY2025 (November 28, 2025)FY2025 (December 31, 2025)
Revenue$23.8B$13.3B
Revenue growth+10.5%+20.9%
Net income$7.1B$1.7B
Net margin30.0%13.2%
Free cash flow$9.9B$4.6B
Free cash flow margin41.4%34.5%
Earnings per share (diluted)$16.70$1.67
Cash$5.4B$3.7B
Debt$6.2B$1.5B
Price to earnings14.181.2
Market value$93.6B$140.2B
Dividend yieldn/an/a
Rank by revenue in sector#30 of 530 · Technology#47 of 530 · Technology

Over the years

Revenue
ADBE FY2018: $9BADBE FY2019: $11.2BADBE FY2020: $12.9BADBE FY2021: $15.8BADBE FY2022: $17.6BADBE FY2023: $19.4BADBE FY2024: $21.5BADBE FY2025: $23.8BNOW FY2018: $2.6BNOW FY2019: $3.5BNOW FY2020: $4.5BNOW FY2021: $5.9BNOW FY2022: $7.2BNOW FY2023: $9BNOW FY2024: $11BNOW FY2025: $13.3BFY18FY19FY20FY21FY22FY23FY24FY25
ADBE $23.8BNOW $13.3B
Net income
ADBE FY2018: $2.6BADBE FY2019: $3BADBE FY2020: $5.3BADBE FY2021: $4.8BADBE FY2022: $4.8BADBE FY2023: $5.4BADBE FY2024: $5.6BADBE FY2025: $7.1BNOW FY2018: -$26.7MNOW FY2019: $626.7MNOW FY2020: $119MNOW FY2021: $230MNOW FY2022: $325MNOW FY2023: $1.7BNOW FY2024: $1.4BNOW FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25
ADBE $7.1BNOW $1.7B
Net margin
ADBE FY2018: 28.7%ADBE FY2019: 26.4%ADBE FY2020: 40.9%ADBE FY2021: 30.5%ADBE FY2022: 27.0%ADBE FY2023: 28.0%ADBE FY2024: 25.9%ADBE FY2025: 30.0%NOW FY2018: -1.0%NOW FY2019: 18.1%NOW FY2020: 2.6%NOW FY2021: 3.9%NOW FY2022: 4.5%NOW FY2023: 19.3%NOW FY2024: 13.0%NOW FY2025: 13.2%FY18FY19FY20FY21FY22FY23FY24FY25
ADBE 30.0%NOW 13.2%
Revenue growth
ADBE FY2019: +23.7%ADBE FY2020: +15.2%ADBE FY2021: +22.7%ADBE FY2022: +11.5%ADBE FY2023: +10.2%ADBE FY2024: +10.8%ADBE FY2025: +10.5%NOW FY2019: +32.6%NOW FY2020: +30.6%NOW FY2021: +30.5%NOW FY2022: +22.9%NOW FY2023: +23.8%NOW FY2024: +22.4%NOW FY2025: +20.9%FY19FY20FY21FY22FY23FY24FY25
ADBE +10.5%NOW +20.9%
Free cash flow
ADBE FY2018: $3.8BADBE FY2019: $4BADBE FY2020: $5.3BADBE FY2021: $6.9BADBE FY2022: $7.4BADBE FY2023: $6.9BADBE FY2024: $7.9BADBE FY2025: $9.9BNOW FY2018: $586.6MNOW FY2019: $971MNOW FY2020: $1.4BNOW FY2021: $1.8BNOW FY2022: $2.2BNOW FY2023: $2.7BNOW FY2024: $3.4BNOW FY2025: $4.6BFY18FY19FY20FY21FY22FY23FY24FY25
ADBE $9.9BNOW $4.6B

Fiscal years as each company reports them; the two may end in different months.

Questions about Adobe and ServiceNow

Which is bigger by revenue, Adobe or ServiceNow?

Adobe is bigger by revenue: $23.8B in fiscal 2025, against $13.3B for ServiceNow in fiscal 2025.

Which keeps more of its revenue as profit, Adobe or ServiceNow?

Adobe had a net margin of 30.0% in fiscal 2025; ServiceNow had 13.2% in fiscal 2025.

Which grew revenue faster, Adobe or ServiceNow?

In their latest fiscal years revenue changed by +10.5% at Adobe and +20.9% at ServiceNow.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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