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NOW Current Contract Liabilities

Current Contract Liabilities

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The latest data point for NOW's Current Contract Liabilities in Q1'26 stands at $8.03B USD, reflecting a quarterly decline of approximately 4.8% from $8.43B USD in Q4'25, yet remaining well above the levels observed in earlier periods. Over the timeframe from Q2'23 to Q1'26, the chart exhibits an overall upward trend in a bar format, starting at $4.66B USD and reaching a peak of $8.43B USD in Q4'25, with notable growth accelerations in Q4'23 (to $5.87B USD) and Q4'25, interspersed by minor dips such as the 5% drop from Q1'24 to Q2'24 and the recent pullback; this pattern underscores sustained expansion in deferred revenue obligations, indicative of robust subscription backlog despite periodic seasonal fluctuations.