NOW Q3 2024 Earnings — Income Statement Breakdown
For its Q3 2024 period (ending 2024-09-30), NOW reported revenue of $2.8B, gross profit of $2.2B (79.1% gross margin), operating income of $418M, and net income of $432M (15.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NOW was profitable; revenue grew 22.2% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +22.2% | +78.5% | +4.9 pp |
| Quarter over quarter | +7.5% | +24.5% | +2.1 pp |
Consensus estimate data is not available for this report.
NOW Q3 2024 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $2.8B | 100% |
| Cost of Revenue | −$584M | 20.9% |
| Gross Profit | $2.2B | 79.1% |
| Research & Development | −$626M | 22.4% |
| Selling, General & Administrative | −$1.2B | 41.8% |
| Operating Income | $418M | 14.9% |
| Other Income, net | $98M | 3.5% |
| Income Tax Expense | −$84M | 3.0% |
| Net Income | $432M | 15.4% |
Source: original SEC filing (filed 2024-10-23). Accession 0001373715-24-000342. Data normalized by EarningsFyi.