ServiceNow Research and Development Expenses 2010-2023 | NOW
ServiceNow annual/quarterly research and development expenses history and growth rate from 2010 to 2023. Research and development expenses can be defined as an expense arising from studies and product development processes.
- ServiceNow research and development expenses for the quarter ending December 31, 2023 were $0.562B, a 23.79% increase year-over-year.
- ServiceNow research and development expenses for the twelve months ending December 31, 2023 were $2.124B, a 20.14% increase year-over-year.
- ServiceNow annual research and development expenses for 2023 were $2.124B, a 20.14% increase from 2022.
- ServiceNow annual research and development expenses for 2022 were $1.768B, a 26.56% increase from 2021.
- ServiceNow annual research and development expenses for 2021 were $1.397B, a 36.43% increase from 2020.
ServiceNow Annual Research and Development Expenses
(Millions of US $) |
| 2023 |
$2,124 |
| 2022 |
$1,768 |
| 2021 |
$1,397 |
| 2020 |
$1,024 |
| 2019 |
$749 |
| 2018 |
$530 |
| 2017 |
$378 |
| 2016 |
$285 |
| 2015 |
$217 |
| 2014 |
$148 |
| 2013 |
$79 |
| 2012 |
$39 |
| 2011 |
$ |
| 2011 |
$7 |
| 2010 |
$ |
| 2010 |
$7 |
| 2009 |
$ |
| 2009 |
$2 |
ServiceNow Quarterly Research and Development Expenses
(Millions of US $) |
| 2023-12-31 |
$562 |
| 2023-09-30 |
$549 |
| 2023-06-30 |
$521 |
| 2023-03-31 |
$492 |
| 2022-12-31 |
$454 |
| 2022-09-30 |
$456 |
| 2022-06-30 |
$444 |
| 2022-03-31 |
$414 |
| 2021-12-31 |
$392 |
| 2021-09-30 |
$358 |
| 2021-06-30 |
$333 |
| 2021-03-31 |
$314 |
| 2020-12-31 |
$284 |
| 2020-09-30 |
$268 |
| 2020-06-30 |
$245 |
| 2020-03-31 |
$227 |
| 2019-12-31 |
$203 |
| 2019-09-30 |
$190 |
| 2019-06-30 |
$183 |
| 2019-03-31 |
$173 |
| 2018-12-31 |
$149 |
| 2018-09-30 |
$136 |
| 2018-06-30 |
$128 |
| 2018-03-31 |
$117 |
| 2017-12-31 |
$105 |
| 2017-09-30 |
$98 |
| 2017-06-30 |
$90 |
| 2017-03-31 |
$84 |
| 2016-12-31 |
$74 |
| 2016-09-30 |
$75 |
| 2016-06-30 |
$70 |
| 2016-03-31 |
$66 |
| 2015-12-31 |
$58 |
| 2015-09-30 |
$56 |
| 2015-06-30 |
$53 |
| 2015-03-31 |
$50 |
| 2014-12-31 |
$42 |
| 2014-09-30 |
$40 |
| 2014-06-30 |
$35 |
| 2014-03-31 |
$31 |
| 2013-12-31 |
$24 |
| 2013-09-30 |
$21 |
| 2013-06-30 |
$18 |
| 2013-03-31 |
$16 |
| 2012-12-31 |
$13 |
| 2012-09-30 |
$11 |
| 2012-06-30 |
$9 |
| 2012-03-31 |
$6 |
| 2011-12-31 |
|
| 2011-09-30 |
$3 |
| 2011-06-30 |
$2 |
| 2011-03-31 |
|
| 2010-06-30 |
|
| 2009-06-30 |
|
| Sector |
Industry |
Market Cap |
Revenue |
| Computer and Technology |
Information Technology Services |
$149.675B |
$8.971B |
|
ServiceNow Inc. provides cloud computing services that automate digital workflows to accelerate enterprise IT operations. The company's Now Platform enables enterprises to enhance productivity by streamlining system processes. By utilizing its product portfolio, customers can reduce the manual time taken by complex processes and consequently optimize total cost of ownership. Its solutions address the needs of many departments within an enterprise, including IT, HR, facilities, field service, marketing, customer service, security, legal & finance. The company has 3 product suites for IT management and operations: IT Service Management, IT Operations Management and IT Business Management solutions. Non-IT products include Customer Service, HR and Security Operations. Its end-markets include financial services, consumer products, IT services, health care, government, education and technology. ServiceNow derives revenues from two sources: subscriptions and professional services & others.
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