As of Q4'25, ServiceNow's latest operating expenses show R&D Expenses at USD 773M and SG&A Expenses at USD 1.52B, marking the highest levels in the period covered. Both categories have reached new peaks, with SG&A Expenses consistently representing the larger share of total operating costs. From Q1'23 to Q4'25, the chart reveals a steady upward trend in both R&D and SG&A Expenses, with only minor fluctuations. R&D Expenses grew from USD 492M to USD 773M, while SG&A Expenses increased from USD 1.02B to USD 1.52B, indicating sustained investment in both innovation and administrative functions. The growth is particularly pronounced in SG&A, which remains the dominant expense category throughout the period.