ServiceNow, Inc. vs Workday, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsIT Service Management
Data as of Q2 2026
Summary Verdict
NOW: 3—WDAY: 2wins
Rule of 40
65.3NOW
37.2WDAY
check_circleNOW leads
Revenue Growth
30.9%NOW
18.1%WDAY
check_circleNOW leads
Gross Margin
75%NOW
98%WDAY
check_circleWDAY leads
FCF Margin
34.4%NOW
19.2%WDAY
check_circleNOW leads
Operating Margin
11.1%NOW
11.6%WDAY
check_circleWDAY leads
NRR
—NOW
—WDAY
Metric
Rule of 40Efficiency score
NOW
65.3check_circle
WDAY
37.2
Revenue GrowthYoY
NOW
30.9%check_circle
WDAY
18.1%
Gross Margin% of revenue
NOW
75%
WDAY
98%check_circle
FCF MarginFree cash flow
NOW
34.4%check_circle
WDAY
19.2%
Operating MarginGAAP
NOW
11.1%
WDAY
11.6%check_circle
NRRNet retention
NOW
N/A
WDAY
N/A
EV / RevenueValuation multiple
NOW
10.0x
WDAY
5.3xcheck_circle
Market CapUSD
NOW
$146.0Bcheck_circle
WDAY
$51.3B
ARR GrowthYoY
NOW
N/A
WDAY
N/A
CAC PaybackMonths to recover
NOW
N/A
WDAY
N/A
insights
Analysis
As of Q2 2026, ServiceNow, Inc. trades at 10.0x EV/Revenue versus Workday, Inc. at 5.3x. On the Rule of 40, ServiceNow, Inc. scores 65.3 compared to Workday, Inc.'s 37.2, placing ServiceNow, Inc. ahead in operating efficiency. Gross margins stand at ServiceNow, Inc. 75% vs Workday, Inc. 98%.
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.