As of Q4'25, ServiceNow's latest reported operating income stands at USD 443M, reflecting a year-over-year growth rate of 18.4%. This marks a sequential decline from the previous quarter's peak of USD 572M, but still represents a substantial increase compared to the same period last year. From Q1'23 to Q4'25, the company's operating income has demonstrated a generally upward trend, rising from USD 144M to USD 443M. Despite some quarterly fluctuations—most notably the sharp increases in Q3'24 and Q3'25—growth rates have moderated over time, with year-over-year percentages declining from highs above 150% in early periods to below 20% by Q4'25. This suggests that while ServiceNow continues to expand its operating income, the pace of growth is stabilizing as the base becomes larger.