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

Microsoft brought in $331.8B of revenue in fiscal 2026, ServiceNow $13.3B in fiscal 2025. Revenue changed by +17.8% at Microsoft and +20.9% at ServiceNow on the year before, so ServiceNow grew faster. Microsoft kept 40.3% of its revenue as net profit, ServiceNow 13.2%. Free cash flow was $67B at Microsoft and $4.6B at ServiceNow.

Side by side, latest fiscal year

MSFTNOW
Fiscal year endedFY2026 (June 30, 2026)FY2025 (December 31, 2025)
Revenue$331.8B$13.3B
Revenue growth+17.8%+20.9%
Net income$133.7B$1.7B
Net margin40.3%13.2%
Free cash flow$67B$4.6B
Free cash flow margin20.2%34.5%
Earnings per share (diluted)$17.95$1.67
Cash$20.9B$3.7B
Debt$40.3B$1.5B
Price to earnings28.881.2
Market value$3.83T$140.2B
Dividend yield0.71%n/a
Rank by revenue in sector#3 of 530 · Technology#47 of 530 · Technology

Over the years

Revenue
MSFT FY2019: $125.8BMSFT FY2020: $143BMSFT FY2021: $168.1BMSFT FY2022: $198.3BMSFT FY2023: $211.9BMSFT FY2024: $245.1BMSFT FY2025: $281.7BMSFT FY2026: $331.8BNOW FY2018: $2.6BNOW FY2019: $3.5BNOW FY2020: $4.5BNOW FY2021: $5.9BNOW FY2022: $7.2BNOW FY2023: $9BNOW FY2024: $11BNOW FY2025: $13.3BFY18FY19FY20FY21FY22FY23FY24FY25FY26
MSFT $331.8BNOW $13.3B
Net income
MSFT FY2019: $39.2BMSFT FY2020: $44.3BMSFT FY2021: $61.3BMSFT FY2022: $72.7BMSFT FY2023: $72.4BMSFT FY2024: $88.1BMSFT FY2025: $101.8BMSFT FY2026: $133.7BNOW FY2018: -$26.7MNOW FY2019: $626.7MNOW FY2020: $119MNOW FY2021: $230MNOW FY2022: $325MNOW FY2023: $1.7BNOW FY2024: $1.4BNOW FY2025: $1.7BFY18FY19FY20FY21FY22FY23FY24FY25FY26
MSFT $133.7BNOW $1.7B
Net margin
MSFT FY2019: 31.2%MSFT FY2020: 31.0%MSFT FY2021: 36.5%MSFT FY2022: 36.7%MSFT FY2023: 34.1%MSFT FY2024: 36.0%MSFT FY2025: 36.1%MSFT FY2026: 40.3%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%FY18FY19FY20FY21FY22FY23FY24FY25FY26
MSFT 40.3%NOW 13.2%
Revenue growth
MSFT FY2020: +13.6%MSFT FY2021: +17.5%MSFT FY2022: +18.0%MSFT FY2023: +6.9%MSFT FY2024: +15.7%MSFT FY2025: +14.9%MSFT FY2026: +17.8%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%FY19FY20FY21FY22FY23FY24FY25FY26
MSFT +17.8%NOW +20.9%
Free cash flow
MSFT FY2019: $38.3BMSFT FY2020: $45.2BMSFT FY2021: $56.1BMSFT FY2022: $65.1BMSFT FY2023: $59.5BMSFT FY2024: $74.1BMSFT FY2025: $71.6BMSFT FY2026: $67BNOW FY2018: $586.6MNOW FY2019: $971MNOW FY2020: $1.4BNOW FY2021: $1.8BNOW FY2022: $2.2BNOW FY2023: $2.7BNOW FY2024: $3.4BNOW FY2025: $4.6BFY18FY19FY20FY21FY22FY23FY24FY25FY26
MSFT $67BNOW $4.6B

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

Questions about Microsoft and ServiceNow

Which is bigger by revenue, Microsoft or ServiceNow?

Microsoft is bigger by revenue: $331.8B in fiscal 2026, against $13.3B for ServiceNow in fiscal 2025.

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

Microsoft had a net margin of 40.3% in fiscal 2026; ServiceNow had 13.2% in fiscal 2025.

Which grew revenue faster, Microsoft or ServiceNow?

In their latest fiscal years revenue changed by +17.8% at Microsoft 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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