Homechevron_rightComparechevron_rightNOW vs WDAY

ServiceNow, Inc. vs Workday, Inc.

Side-by-Side SaaS Metrics & Valuation Comparison

analyticsIT Service Management

ServiceNow, Inc.

NOW

$106.5B

compare_arrowsVS

Workday, Inc.

WDAY

$37.9B

Data as of Q1 2026

Summary Verdict

NOW: 4—WDAY: 1wins

Rule of 40

59.4NOW

33.2WDAY

check_circleNOW leads

Revenue Growth

22.7%NOW

13.2%WDAY

check_circleNOW leads

Gross Margin

77%NOW

98%WDAY

check_circleWDAY leads

FCF Margin

36.7%NOW

20.0%WDAY

check_circleNOW leads

Operating Margin

14.0%NOW

9.2%WDAY

check_circleNOW leads

NRR

—NOW

—WDAY

MetricNOWWDAYSector Median

Rule of 40Efficiency score

Median: 59.4

NOW

59.4check_circle

WDAY

33.2

Revenue GrowthYoY

Median: 22.7%

NOW

22.7%check_circle

WDAY

13.2%

Gross Margin% of revenue

Median: 77%

NOW

77%

WDAY

98%check_circle

FCF MarginFree cash flow

Median: 36.7%

NOW

36.7%check_circle

WDAY

20.0%

Operating MarginGAAP

Median: 14.0%

NOW

14.0%check_circle

WDAY

9.2%

NRRNet retention

NOW

N/A

WDAY

N/A

EV / RevenueValuation multiple

Median: 7.7x

NOW

7.7x

WDAY

4.1xcheck_circle

Market CapUSD

Median: $106.5B

NOW

$106.5Bcheck_circle

WDAY

$37.9B

ARR GrowthYoY

NOW

N/A

WDAY

N/A

CAC PaybackMonths to recover

NOW

N/A

WDAY

N/A

insights

Analysis

As of Q1 2026, ServiceNow, Inc. trades at 7.7x EV/Revenue versus Workday, Inc. at 4.1x. On the Rule of 40, ServiceNow, Inc. scores 59.4 compared to Workday, Inc.'s 33.2, placing ServiceNow, Inc. ahead in operating efficiency. Gross margins stand at ServiceNow, Inc. 77% vs Workday, Inc. 98%.

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Sector Context

ServiceNow, Inc. operates in the IT Service Management sector and Workday, Inc. operates in the HR Tech sector. The median comparison above shows where they stand relative to their respective peers.

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