NOW Q1 2026 Earnings — Income Statement Breakdown
For its Q1 2026 period (ending 2026-03-31), NOW reported revenue of $3.8B, gross profit of $2.8B (75.1% gross margin), operating income of $503M, and net income of $469M (12.4% net margin). The flow of revenue into costs and profit is visualized below.
What changed
NOW was profitable; revenue grew 22.1% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | +22.1% | +2.0% | −2.5 pp |
| Quarter over quarter | +5.7% | +17.0% | +1.2 pp |
Consensus estimate data is not available for this report.
NOW Q1 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $3.8B | 100% |
| Cost of Revenue | −$940M | 24.9% |
| Gross Profit | $2.8B | 75.1% |
| Research & Development | −$823M | 21.8% |
| Selling, General & Administrative | −$1.5B | 39.9% |
| Operating Income | $503M | 13.3% |
| Other Income, net | $170M | 4.5% |
| Income Tax Expense | −$204M | 5.4% |
| Net Income | $469M | 12.4% |
Source: original SEC filing (filed 2026-04-22). Accession 0001373715-26-000054. Data normalized by EarningsFyi.