ServiceNow segment results
ServiceNow does not report traditional operating segments (Customer Workflow / Employee Workflow / Creator Workflow are now product suites, not reportable segments). Its primary revenue split is by revenue type (Subscription vs. Professional Services) and by geography, which I've pulled from the 10-K.
ServiceNow Revenue Mix (Annual, $M)
| Metric | FY22 | FY23 | FY24 |
|---|---|---|---|
| Subscription revenues | 6,891 | 8,539 | 10,634 |
| Professional services & other | 354 | 280 | 322 |
| Total revenues | 7,245 | 8,819 | 10,956 |
| Subscription % of total | 95% | 97% | 97% |
ServiceNow Revenue by Geography (FY24, % of total)
| Region | FY24 | FY23 |
|---|---|---|
| North America | 63% | 64% |
| Outside North America | 37% | 36% |
Operating performance context (Annual, $M)
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Total revenue | 5,896 | 7,245 | 8,819 | 10,956 | 12,069E |
| Operating income | 257 | 285 | 555 | 867 | 1,114E |
| Net income | 230 | 325 | 1,484 | 1,777 | 1,792E |
Key segment commentary (from FY24 10-K): - Subscription is the dominant segment (~97% of revenue) and grew ~25% YoY in FY24, with cRPO of ~$10.3B (+23% YoY) and 98% subscription renewal rate. - Professional services is intentionally kept small (3% of revenue) as ServiceNow partners with global SIs for implementation. - Direct sales organization drives ~78% of revenue; ~22% comes via the indirect channel. - No customers exceed 10% of revenue; no single customer concentration risk.