What move does the options market price into ServiceNow's report?

Implied ±19.4%, either direction · provisional.

How often does ServiceNow move more than the options market prices?

5 of the last 8 reports moved at least as far as the implied move.

NOWNYSEServices-Prepackaged Software

ServiceNow, Inc. (NOW) earnings date, market-implied expected move, and options open interest by expiry

106.04

pre 104.56 −1.37%

Pre-market04:31 ETdelayed

Open104.21Volume35.2MMkt cap$109.1BP/E74.69EPS1.40

Day104.21 – 104.6090%52-wk81.24 – 189.5322%

NOW

ServiceNow, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±19.4%implied · straddle

85.48126.54

spot 106.01exp Feb 19ATM strike 105ATM straddle 24.15IV 53%

Nov 2 closeprovisional

Expected move

Inputs

Next report

Jan 27

after close · in 85 days

est.Q4 FY26

Calendar

Next report

Last report

−26.95%

vs ±9.0% implied · ×2.98

shaded = implied · ▲▼ = realized

Oct 28 '26 · confirmed

Implied vs realized

Linked news

4dRMNI · customerRimini Street posts Q3 revenue of $112.1 million, adjusted EBITDA $15.1 million
8dDOCU · customerDocusign Intelligent Agreement Management to Be Sold as SAP Solution Extensions
42dRNG · customerRingCentral Sees AI Driving Upsell, Growth and Stronger Customer Retention

News

Largest filed tie

13F top-10 QoQ

+10.95%

shares held · 10 largest managers

13F · Jun 30 '26126d lag

2,255 managers

Top fund weight

0.57%

NOW weight · XLK

N-PORTJun 30 '26

9 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

ServiceNow (NOW) is expected to report on Jan 27 after close (estimated date).

Implied vs realized

8 reports

5 of 8≥ implied

avg implied: ±7.8%
avg realized: ±11.5%

Jan 29 '25Jan 29 '25confirmed±6.0%▼−11.44%×1.90

Apr 23 '25Apr 23 '25confirmed±7.2%▲+15.49%×2.15

Jul 23 '25Jul 23 '25confirmed±6.5%▲+4.16%×0.64

Oct 29 '25Oct 29 '25confirmed±7.3%▲+2.52%×0.35

Jan 28 '26Jan 28 '26confirmed±7.2%▼−9.94%×1.38

Q1 FY26Apr 22 '26confirmed±9.5%▼−17.75%×1.87

Q2 FY26Jul 22 '26confirmed±9.8%▼−3.69%×0.38

Q3 FY26Oct 28 '26confirmed±9.0%▼−26.95%×2.98

quarterimplied−30%0+30%realized×

Q3 FY26±9.0%▼−26.95%×2.98

Q2 FY26±9.8%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 10 expiries · Oct 30 close

0.65OI · 10 expiries · Oct 30 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

6 nearer expiries

12,925+62%Nov 63d0.4230,969+209%0.42

8,203+34%Nov 1310d0.5614,709+152%0.56

72,570+15%Nov 2017d0.7399,045+57%0.73

6,958+453%Nov 2724d0.6910,142+317%0.69

804+483%Dec 431d3.07262+67%3.07

41—Dec 1138d0.0011,537—0.00

79,267+16%Dec 1845d0.75106,148+16%0.75

123,536+1%Jan 1573d0.87141,978+2%0.87

report · Jan 27 · after close · est.

ExpiryPutsCallsP/C

6 nearer expiries

Nov 63d12,925+62%30,969+209%0.42

Nov 1310d8,203+34%14,709+152%0.56

Nov 2017d72,570+15%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±19.4%

Funds 4

XLK±0.1%

VUG±0.1%

RSP±0.0%

FB±0.0%

Customers 1

RMNI±6.4%×0.33

Dashed = straddle · × = co-movement · max 499dMethod 2 more funds Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

6.75%as filednet margin · revenue +2.98% QoQ · +20.52% YoY

Revenue

$4.1B+2.98% QoQ

Gross profit

$2.9B+2.73% QoQ

70.51% margin

Operating income

$385M+137.65% QoQ

9.38% margin

Pre-tax income

$370M−15.53% QoQ

Net income

$277M−7.05% QoQ

6.75% margin

Cost of revenue

$1.2B+3.59% QoQ

Operating expenses

$2.5B−5.50% QoQ

Marketing $1.3B

R&D $956M

SG&A $283M

Other expense

$15M

Tax

$93M−33.57% QoQ

Revenue$4.1B+2.98%

Gross profit

$2.9B+2.73%

70.51% margin

Operating income

$385M+137.65%

9.38% margin

Pre-tax income

$370M−15.53%

Net income

$277M−7.05%

6.75% margin

Cost of revenue

$1.2B+3.59%

Operating expenses

$2.5B−5.50%

Marketing $1.3B

R&D $956M

SG&A $283M

Other expense

$15M

Tax$93M−33.57%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 2 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 04:30 ET

Intraday

Event sensitivity

NFP ×1.81· ±3.5% vs ±1.9% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±3.5%4 of 10×1.81

CPROFcorporate profits±3.0%5 of 12×1.56

CPIconsumer prices±3.0%2 of 10×1.55

GDPgross domestic product±2.8%7 of 19×1.47

PCEpersonal income & outlays±2.3%10 of 19×1.19

FOMCrate decision±2.1%10 of 24×1.10

PPIproducer prices±1.5%3 of 10×0.79

Bar = avg |move| to ±4% · tick = ±1.9% avg day · ×base = |move| ÷ ±1.9% · min 6 releases

Earnings history

EPS 0.27 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 28 '26 · confirmed	0.27	—
Q2 FY26	Jul 22 '26 · confirmed	0.29	—
Q1 FY26	Apr 22 '26 · confirmed	0.45	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod