As of Q4'25, ServiceNow ( NOW ) reported a Gross Margin of 76.6%, an Operating Margin of 12.4%, and a Net Profit Margin of 11.2%. These figures reflect a slight decline from the previous quarter, particularly in Gross Margin and Net Profit Margin, indicating some margin compression at the end of the observed period. From Q1'23 to Q4'25, the chart shows that Gross Margin remained consistently strong, fluctuating narrowly between 77% and 80%, though with a modest downward trend in the last few quarters. Operating Margin and Net Profit Margin exhibited more volatility, with Operating Margin peaking at 16.8% in Q3'25 and Net Profit Margin reaching an anomalously high 48.6% in Q2'23 before stabilizing in the 10-15% range. Overall, the data suggests that while ServiceNow maintains robust profitability at the gross level, operating and net margins have experienced more pronounced fluctuations, with a general trend toward stabilization after earlier volatility.