ServiceNow (NOW) is a high-dispersion software earnings name with a heating two-year regime (±12.6% vs ±9.0% decade). Below is its earnings behaviour as of July 16, 2026.
NOW earnings at a glance
NOW’s decade average is about ±8.9%; the last two years average about ±12.6%. The 95th-percentile tail is about ±16.7%; April 2026 peaked near −18.9% against ~±17% implied.
Does NOW beat its implied move?
Among the recent quarters with tracked implied moves, NOW’s actual peak has cleared the implied in 10 of its last 16 reports (about 62%) — a lean toward beating what options priced in, though not a wide one.
2yr avg
How NOW’s moves are distributed
The distribution is moderate-to-wide and heating — decade averages understate the last two years.
Recent NOW earnings
April 2026 peaked near −18.9% vs ~±17% implied. January 2026 peaked near −12.7% vs ~±8.5% implied.
IV rush and IV crush on NOW
Implied volatility builds into the report (the IV rush) and collapses afterward (the IV crush).
What NOW’s earnings data means for options
These figures are a reference point, not a signal. Compare the live implied in the EarningsWatcher app.
- According to EarningsWatcher data, options price a ±11.9% move for NOW's October 28, 2026 earnings report (as of October 13, 2026).
- NOW has averaged a ±8.9% earnings-day move across its last 40 reports (10-year history, per EarningsWatcher).
- NOW's actual earnings move exceeded the options-implied move in 62% of those reports.
Frequently asked questions
When is ServiceNow (NOW) earnings date in July 2026?
ServiceNow reported on Wednesday, July 22, 2026, after the market close (AMC).
What is NOW's implied move for earnings July 22, 2026?
Options priced a plus or minus 11.6% move into the July 22, 2026 report — modestly below the plus or minus 12.6% two-year average. The stock then moved up 5.0% at its intraday peak and finished down 3.7% at the close.
How much does NOW move on earnings?
Over the last 10 years, ServiceNow's average earnings-day peak move was about plus or minus 9.0%, with the last two years averaging about plus or minus 12.6%. The 95th-percentile move is about plus or minus 16.7%.
Does NOW usually beat its implied move?
NOW's actual peak has cleared its implied move in about 62% of recent reports (10 of 16) — a lean toward beating, though not a wide one. Compare each quarter's live implied to the fuller move history.