Observed Signal · Oct 28, 2026 · earnings · Source: SEC API · Impact: 4.2/5
10-Q Financial Filing Analysis for ServiceNow (2026-10-28)
ServiceNow, Inc. reported its financial results for the third quarter ended September 30, 2026, delivering total revenue of $4,106 million, an increase of 21% year-over-year from $3,407 million. Subscription revenues reached $3,988 million, up 21%, while total remaining performance obligations climbed 22% to $29.7 billion, with current RPO rising 20% to represent 46% of the total. Operating income for the quarter decreased 33% to $385 million, and net income fell to $277 million ($0.27 per diluted share) from $502 million ($0.48 per diluted share) in Q3 2025, driven by higher amortization of intangibles and expanded infrastructure and personnel investments related to recent acquisitions, including Armis Security and Veza Technologies. The company recorded $87 million in quarterly employee severance under its AI-driven workforce optimization strategy, while non-GAAP operating income reached $1,338 million.
Demonstrates sustained enterprise demand with 21% top-line growth and a massive $29.7 billion RPO backlog, alongside significant strategic expansion into enterprise security through large-scale debt-funded acquisitions of Armis and Veza.
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Key Takeaways & Evidence Grounding
- Total revenue increased 21% year-over-year to $4,106 million for Q3 2026, driven by a 21% growth in subscription revenue to $3,988 million, while remaining performance obligations (RPO) grew 22% to $29.7 billion.
- GAAP operating income dropped 33% to $385 million and net income fell to $277 million ($0.27 per diluted share), impacted by $198 million of intangible asset amortization from acquisitions and $87 million in workforce optimization severance costs.
- Capital deployment included $2.225 billion in share repurchases over the nine months ended September 30, 2026, alongside $9.167 billion in net cash deployed for acquisitions, including Armis Security for approximately $7.6 billion and Veza Technologies for $1.2 billion.
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10-Q Financial Filing Analysis for ServiceNow (2026-07-23)
ServiceNow reported robust financial and operational results for the second quarter ended June 30, 2026. Total revenue reached $3.987 billion, up 24.0% year-over-year, driven primarily by a 24.5% surge in subscription revenue to $3.877 billion. The company expanded its enterprise footprint, reaching 658 customers with Annual Contract Value (ACV) exceeding $5 million and maintaining a 98% renewal rate. Total Remaining Performance Obligations (RPO) stood at $29.0 billion (up 21% YoY), with current RPO representing 46% ($13.34 billion). Strategically, the period was defined by aggressive expansion into cybersecurity and identity governance, headlined by the major acquisitions of Armis Security Ltd. for $7.6 billion and Veza Technologies for $1.2 billion. To optimize capital structure following these transactions, ServiceNow established a $3.0 billion revolving credit facility, launched a commercial paper program, and issued $4.0 billion in fixed-rate senior notes to retire term loan debt incurred during the acquisitions.
ServiceNow Shares Fall 14% After Q1 Earnings
ServiceNow reported first-quarter 2026 results that narrowly beat Wall Street estimates on EPS and revenue but said subscription revenue growth was weighed down by delayed deal closings in the Middle East tied to the ongoing conflict with Iran. The company raised its fiscal‑2026 subscription revenue guidance, completed its $7.75 billion acquisition of cybersecurity firm Armis, and said its AI product portfolio is on track to exceed a $1 billion revenue target for 2026. Management repurchased roughly 20 million shares in the quarter and highlighted expanded partnership activity with Google Cloud. The stock fell about 14% after the report despite continued RPO strength and increased guidance, as investors reacted to geopolitically driven timing risks to large deals.
10-K Financial Filing Analysis for FactSet (2026-10-20)
FactSet Research Systems Inc. reported its fiscal year 2026 financial results (period ended August 31, 2026), generating total revenues of $2,476.3 million, up 6.7% year-over-year from $2,321.7 million in fiscal 2025. Organic Annual Subscription Value (ASV) expanded by 7.0% to $2,568.2 million, driven by demand for data solutions and workstations. Operating income contracted 6.5% to $700.0 million, resulting in an operating margin compression of 390 basis points to 28.3%, weighed down by $46.2 million in restructuring costs, higher variable compensation, and executive onboarding expenses. Net income declined 10.6% to $533.5 million, with diluted EPS decreasing 6.3% to $14.57, cushioned by share buybacks reducing share count. Operating cash flows improved to $822.2 million, yielding free cash flow of $707.5 million, supporting $808.1 million in total capital returns through share repurchases and dividends.
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