ServiceNow Trading Volume Drops 20% to $11.97 Billion, Ranks 58th in Daily Volume

On June 25, 2025, ServiceNow (NOW) closed at $11.97 billion in trading volume, marking a 20.41% decrease from the previous day. The stock ranked 58th in terms of trading volume for the day. NOW has been on an upward trajectory for the past three days, with a cumulative increase of 3.47% over this period.

ServiceNow is actively expanding the use of AI-powered workflows across various industries to support customer growth and boost subscription revenues. This strategic move is aimed at enhancing operational efficiency and productivity, which are crucial for companies to remain competitive in the market.

ServiceNow's cloud-based platform offers powerful tools that can automate and streamline workflows, making it a pivotal player in helping companies transform their operations for AI. The company generates recurring revenue from subscriptions, which reduces business risk compared to companies that rely on selling more products annually to achieve growth. Over the past decade, ServiceNow's revenue has grown at a compound annual growth rate of 32%, with free cash flow increasing by 44%. This has resulted in a 1,100% cumulative return on the share price.

In the first quarter, ServiceNow's subscription revenue grew by 19% year over year to $3 billion, or 20% excluding currency changes. The remaining performance obligations grew by 25% to $22 billion, indicating strong long-term growth prospects. ServiceNow is integrating AI across its platform, which is attracting larger enterprises and expanding its customer base. The company now has over 500 customers with an annual contract value of $5 million or more.

ServiceNow's management believes the company's growth opportunities are accelerating. They see a clear path to reaching annual revenue of $30 billion, which represents significant growth from the company's trailing-12-month revenue of $11.5 billion. The company's history of growth, subscription-based business model, and momentum from AI integration make it a quality growth stock to hold for the long term.