Yet ServiceNow's revenue growth has accelerated each quarter this year, making the stock's discounted valuation a compelling opportunity for investors. The company reported a 24% year-over-year increase in revenue in the second quarter, up from 22% growth in Q1 and 20.5% in Q4 2025. Growth and return expectationsGiven the strong top-line growth so far in 2026, management raised its full-year guidance. Subscription revenue is expected to land in a range between $15.755 billion and $15.77 billion, representing a roughly 21% year-over-year growth rate on a constant-currency basis. Management is targeting $32 billion in revenue by 2030 -- roughly double the expected 2026 revenue.