scalingplatform

Now Platform subscriptions

Subscription revenue is growing 24.5%. The company guides fiscal 2026 subscription revenue to $15.76 billion to $15.78 billion.

NOW market data

The numbers

Subscription revenue$3.877 billionQ2 2026 · +24.5% year over year (+23% in constant currency) · source ↗
Current remaining performance obligations (cRPO)$13.20 billionQ2 2026 · +21% year over year · source ↗
Customers with more than $5 million in ACV658End of Q2 2026 · About +23% year over year · source ↗
Transactions over $1 million net new ACV123Q2 2026 · Nearly +40% year over year · source ↗

What it is

The core cloud platform for IT service management, IT operations, HR, customer service and security workflows. Enterprise customers pay annual subscriptions by user or by workflow usage. Most of ServiceNow's revenue comes from here.

Why it matters to the stock. This is the base the rest of the company is built on. A trader watches subscription growth, cRPO and large-deal counts to see whether demand holds up as AI products are added.

News

ServiceNow sets third-quarter 2026 results for October 28 after the close

ServiceNow said it will report third-quarter 2026 results after the market close on Wednesday, October 28, with a conference call at 2 p.m.

Earnings

ServiceNow names Anthropic first design partner for Action Fabric and deepens NVIDIA tie-up

In its second-quarter release, ServiceNow said Anthropic became the first design partner for Action Fabric, which lets ServiceNow and third-party AI agents take governed actions through ServiceNow workflows.

Deal

ServiceNow and IBM expand collaboration on enterprise data and legacy application modernization

ServiceNow and IBM agreed an expanded, multi-year collaboration aimed at two obstacles to enterprise AI: data that is not ready for AI and older application layers.

Deal

ServiceNow Action Fabric opens platform to any AI agent through MCP server

At Knowledge 2026 ServiceNow launched Action Fabric, which lets AI agents built on or outside its platform run governed enterprise actions through a Model Context Protocol server.

Product

ServiceNow replaces its five license tiers with Foundation, Advanced and Prime AI bundles

From April 9, 2026 ServiceNow sells its products in three tiers ordered by AI maturity: Foundation for generative AI tasks, Advanced for agent-executed workflows, and Prime for replacing roles such as Level 1 service desk with AI agents.

Product