# ServiceNow (NOW.US)

Canonical: https://gigainvestors.com/s/NOW

Analysis as of: 2026-10-16T07:30:38.883Z. Financial observations: FY2006–FY2026.

Listing currency: USD. Reporting currency: USD.

## Verdict

Not a wonderful business

Quality tests for Buy: not passed (profit record: fail; earnings resilience is evidence only). Published buy qualification: no.

Share price: $148.57 per share; close as of 2026-10-15.

Estimated value: low $29.36 per share, central $40.13 per share, high $46.40 per share. Buy at or below the central value $40.13 per share. Valuation as of 2026-10-16T07:30:38.883Z; scenarios are not confidence intervals.

Expected annual return: 4.8% at the stated quote. About 4.8% a year at today's price (required return 10.0%). required return 10.0% a year (10% floor; US 10-year bond 5.1% + 4 points).

## Checklist

### understandable: fail

- 0 revenue declines in the last 10 years (informational)

- operating margin variation exceeds 0.35

- Financial history: 10 years

- Years with declining revenue: 0

- Years with a net loss: 2

- Operating margin variation: 1.09×

Chart: Operating margin; fiscal year observations.

- FY2017: -0.05×

- FY2018: -0.02×

- FY2019: 0.01×

- FY2020: 0.04×

- FY2021: 0.04×

- FY2022: 0.05×

- FY2023: 0.08×

- FY2024: 0.12×

- FY2025: 0.14×

- LTM to Jun 2026: 0.11×

### moat: fail

- ROIC median below threshold

- ROIC worst years below threshold (more than 1 bad year allowed)

- ROIC, median of available years: 13.2%

- ROIC, second-lowest year: -8.8%

- Typical minus recent gross margin: 2.5 pp

- Typical gross margin (annual median): 77.3%

- Recent gross margin (lower of latest and 3-year median): 74.8%

- Years with nonpositive capital: 0

- Capital spending / revenue: 7.7%

- ROIC including acquisitions, ten-year median: 10.8%

Chart: ROIC excluding acquisitions; fiscal year observations.

- FY2017: -181.4%

- FY2018: -8.8%

- FY2019: 3.0%

- FY2020: 9.6%

- FY2021: 13.0%

- FY2022: 13.4%

- FY2023: 20.0%

- FY2024: 23.0%

- FY2025: 25.6%

- LTM to Jun 2026: 18.5%

### economics: pass

- Owner earnings / net income, 5-yr: 1.01×

- Cash conversion uses consolidated totals: No

- Owner earnings, five-year total: $5.5B

- Net income, five-year total: $5.5B

- Return on incremental invested capital: 48.1%

- Working capital / revenue, annual change: -1.0 pp

- Working capital / revenue, change between three-year averages: -7.9 pp

- Working capital / revenue, final three-year average: 18.5%

Chart: Annual owner cash / profit; fiscal year observations.

- FY2021: 1.32×

- FY2022: 1.00×

- FY2023: 1.00×

- FY2024: 1.00×

- FY2025: 1.00×

### management: pass

- Historical market-dollar context (not the management verdict): 2016 to 2025 (9 years)

- buybacks unrelated to price (informational)

- ROIC first 3 years vs last 3 years: -156.5% vs 23.0%

- Per-share earnings: -0.25 to 1.67 (three-year endpoint medians)

- Management verdict uses per-share economic progress: Yes

- Ordinary dilution, 10-year annual growth: 3.0%

- Ordinary dilution, 5-year annual growth: 0.7%

- Market cap gain: $148B

- Cumulative retained earnings: $6.2B

- Diluted shares, 10-year annual growth: 3.0%

- Diluted shares, 5-year annual growth: 0.7%

- $1 test, starting fiscal year: FY2016

- $1 test, ending fiscal year: FY2025

- Per-share value change: $1.92

- Per-share value, starting three-year median: -$0.25

- Per-share value, ending three-year median: $1.67

- Buybacks concentrated in cheaper years (correlation): -0.04

- Average buyback yield: 0.6%

- Buyback history: 10 years

- Debt-funded buybacks: No

- Acquisition spending: $4.6B

- Cumulative net income, 10 years: $5.6B

- ROIC, first three-year median: -156.5%

- ROIC, last three-year median: 23.0%

Chart: Earnings per share; fiscal year observations.

- FY2016: -$0.55

- FY2017: -$0.17

- FY2018: -$0.03

- FY2019: $0.64

- FY2020: $0.12

- FY2021: $0.23

- FY2022: $0.32

- FY2023: $1.68

- FY2024: $1.37

- FY2025: $1.67

### accounting: pass

- stock compensation exceeds 15% of operating cash flow

- Sloan accruals: -14.2%

- Receivables to sales index (DSRI): 0.97×

- Restructuring years, last five: 0

- Stock compensation / operating cash flow: 35.9%

- Earnings backed by cash: Yes

- Operating cash / earnings: 3.11×

- Accounting red flags: 1

- Goodwill and intangibles / equity: 0.36×

Chart: Sloan accruals; fiscal year observations.

- FY2016: -30.1%

- FY2017: -22.3%

- FY2018: -21.6%

- FY2019: -10.1%

- FY2020: -19.1%

- FY2021: -18.2%

- FY2022: -18.0%

- FY2023: -9.6%

- FY2024: -13.9%

- FY2025: -14.2%

## Holders

- [Chuck Akre](https://gigainvestors.com/AC): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Mark Hillman](https://gigainvestors.com/HCM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Robert Torray](https://gigainvestors.com/T): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Chase Coleman](https://gigainvestors.com/TGM): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [C.T. Fitzpatrick](https://gigainvestors.com/VVP): tracked 13F investor; follow the investor page for holding quarter and amounts.

- [Dan Davidowitz](https://gigainvestors.com/pcm): tracked 13F investor; follow the investor page for holding quarter and amounts.

## Price story

Down 30% since Dec 2024 · "NOW's SaaS business model has suffered from strong adoption of AI-native solutions." (finance.yahoo.com, Aug 2026) · sales +11%

Story as of 2026-10-16T09:59:16.103Z; price observation 2026-10-15.

Price needs cash profits to grow 24.5% a year for ten years

- 2025-04-24: ServiceNow Stock Soars 15.5% After AI Breakthroughs and Bold $12.7B Forecast ([finance.yahoo.com](https://finance.yahoo.com/news/servicenow-stock-soars-15-5-152915894.html))

- 2026-04-22: ServiceNow falls 12% as full-year subscription revenue guidance disappoints ([finance.yahoo.com](https://finance.yahoo.com/markets/stocks/articles/servicenow-falls-12-full-subscription-205502749.html))

- 2026-05-07: ServiceNow Targets $30 Billion As AI Revenue Story Accelerates ([finance.yahoo.com](https://finance.yahoo.com/sectors/technology/articles/servicenow-targets-30-billion-ai-185651122.html))

- 2026-07-23: ServiceNow Beats on Q2 Earnings, Raises Full-Year Subscription Outlook ([finance.yahoo.com](https://finance.yahoo.com/technology/ai/articles/servicenow-beats-q2-earnings-raises-140000757.html))

- 2026-08-28: ServiceNow Says AI Is Driving Growth, Not Budget Pressure ([finance.yahoo.com](https://finance.yahoo.com/technology/ai/articles/servicenow-says-ai-driving-growth-000247222.html))

- 2026-10-06: ServiceNow Sees Stable Demand, Security Could Boost Growth, UBS Says ([finance.yahoo.com](https://finance.yahoo.com/technology/articles/servicenow-sees-stable-demand-security-153831634.html))

### Sales · FY2025–2026

sales +11%; source https://www.sec.gov/Archives/edgar/data/1373715/000137371526000007/now-20251231.htm; observed 2026-01-29.

- FY2017: $1.9B 

- FY2018: $2.6B 

- FY2019: $3.5B 

- FY2020: $4.5B 

- FY2021: $5.9B 

- FY2022: $7.2B 

- FY2023: $9.0B 

- FY2024: $11B 

- FY2025: $13B 

- FY2026: $15B 

### Gross margin · FY2026

gross margin 74.8%; source https://www.sec.gov/Archives/edgar/data/1373715/000137371526000007/now-20251231.htm; observed 2026-01-29.

- FY2017: 74.1% 

- FY2018: 76.1% 

- FY2019: 77.0% 

- FY2020: 78.2% 

- FY2021: 77.1% 

- FY2022: 78.3% 

- FY2023: 78.6% 

- FY2024: 79.2% 

- FY2025: 77.5% 

- FY2026: 74.8% 

## Owner memo

Memo as of 2026-10-16T08:06:05.509Z.

### How it makes money

Operates in software application; annual sales are USD 13.3 billion.

- Source: https://www.sec.gov/Archives/edgar/data/1373715/000137371526000007/now-20251231.htm (filed 2026-01-29); FY2025: revenue 13278000000; grossProfit 10295000000; margin = grossProfit / revenue.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); NOW.US: ServiceNow, Inc. provides cloud-based solution for digital workflows in the North America, Brazil, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company provides asset management, integrated risk management, IT service management, Operational Technology management, Security Operations, strategic portfolio management, IT operations management products; customer service management product; field service management applications; and sales and order management services. It also offers human resources delivery; legal and contract operations; workplace service delivery products; app engine product; automation engine; platform privacy and security product; and source-to-pay operations. In addition, the company provides RaptorDB, a database built to manage workloads at scale; ServiceNow Impact that provides customers with software tools, guided plans, and AI-driven recommendations; customer support; and workflow data fabric. It serves government, financial services, healthcare and life science, manufacturing, Public Sector, retail, technology, and Telecom sectors through service providers and resale partners. The company has a strategic collaboration with Cohesity, Inc. to develop, operate, and safeguard autonomous AI agents and data with enterprise-grade reliability; and with ServiceNow to Advance Ai-Powered Solution for Mission-Critical Infrastructure Monitoring. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. ServiceNow, Inc. has a strategic alliance with Accenture for integrated risk management and third-party risk management solutions, and with Tech Mahindra to validate and deliver production-ready, industry-specific enterprise AI and automation solutions at scale. ServiceNow, Inc. was founded in 2004 and is headquartered in Santa Clara, California.

### Why customers stay

Margins ranged from 77.5% to 79.2% during 2023–25; it earns 13.2% on its capital.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); FY2023: grossProfit / revenue = 78.6%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); FY2024: grossProfit / revenue = 79.2%.

- Source: https://www.sec.gov/Archives/edgar/data/1373715/000137371526000007/now-20251231.htm (filed 2026-01-29); FY2025: grossProfit / revenue = 77.5%.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); 10-year return on capital observations [[2017,-1.8144915522942429],[2018,-0.08844417704383346],[2019,0.029791988083204768],[2020,0.09643315810920945],[2021,0.12986299684514863],[2022,0.13387055601967882],[2023,0.20031545741324921],[2024,0.23049349348304754],[2025,0.25615826712156253],[2026,0.18489609282448155]]; median 0.13186677643241373. ROIC follows the displayed moat series; financial companies use return on tangible equity.

### Can it raise prices

Kept about a 78% gross margin through 2022 cost inflation.

- Source: https://www.sec.gov/Archives/edgar/data/1373715/000137371526000007/now-20251231.htm (filed 2026-01-29); Gross margin observations: [[2021,0.7705223880597015],[2022,0.7828847481021394],[2023,0.7858655668264407]]; range within 2 percentage points.

### Where the cash goes

Spends 7.4% of cash earnings on expansion; earns 48.1% on new investment.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); FY2019: growth capex 85581000; upkeep 252000000; owner earnings 626698000. Growth capex / owner earnings = 0.1365585976020348.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); FY2020: growth capex 96517000; upkeep 336000000; owner earnings 119000000. Growth capex / owner earnings = 0.8110672268907563.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); FY2021: growth capex 0; upkeep 399000000; owner earnings 303000000. Growth capex / owner earnings = 0.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); FY2022: growth capex 117000000; upkeep 433000000; owner earnings 325000000. Growth capex / owner earnings = 0.36.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); FY2023: growth capex 168000000; upkeep 526000000; owner earnings 1731000000. Growth capex / owner earnings = 0.09705372616984402.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); FY2024: growth capex 288000000; upkeep 564000000; owner earnings 1425000000. Growth capex / owner earnings = 0.20210526315789473.

- Source: https://www.sec.gov/Archives/edgar/data/1373715/000137371526000007/now-20251231.htm (filed 2026-01-29); FY2025: growth capex 130000000; upkeep 738000000; owner earnings 1748000000. Growth capex / owner earnings = 0.07437070938215103.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); Incremental return on capital 0.48098442443012657, from the economics test's unchanged annual inputs.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); Dividend observations: [[2016,0],[2017,0],[2018,0],[2019,302132000],[2020,363234000],[2021,445000000],[2022,250000000],[2023,0],[2024,0],[2025,0]]. Zero only counted when supported by a complete cash-flow statement.

- Source: https://www.sec.gov/Archives/edgar/data/1373715/000137371526000007/now-20251231.htm (filed 2026-01-29); FY2025: cash repurchases 1840000000 USD.

### Are managers owners

Insiders own 0.2% of the company.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-10-16); NOW.US SharesStats.PercentInsiders = 0.17500000000000002 percentage points; cache date 2026-10-16.

### What could break it

"We rely on our network of partners for an increasing portion of our revenues" (SEC filing, Jan 2026)

- Source: https://www.sec.gov/Archives/edgar/data/1373715/000137371526000007/now-20251231.htm (filed 2026-01-29); We rely on our network of partners for an increasing portion of our revenues

### What the price says

The price assumes cash profits grow 24.5% yearly over ten years.

- Source: https://eodhd.com/financial-apis/stock-etfs-fundamental-data-feeds/ (filed 2026-01-29); Ten-year compound average after fade. Initial solved rate 0.34557206420229536. Price 148.57; FX 1; discount 0.1; same standard ten-year fade to terminal 0.03. FY2015 owner earnings/share -0.25487159208743587 → FY2025 1.6700248688485904. Closing-price date 2026-10-15.

## Monthly share-price history (USD per share)

- 2016-10: $17.58 per share

- 2016-11: $16.63 per share

- 2016-12: $14.87 per share

- 2017-01: $18.12 per share

- 2017-02: $17.38 per share

- 2017-03: $17.49 per share

- 2017-04: $18.90 per share

- 2017-05: $20.93 per share

- 2017-06: $21.20 per share

- 2017-07: $22.09 per share

- 2017-08: $23.24 per share

- 2017-09: $23.51 per share

- 2017-10: $25.27 per share

- 2017-11: $24.60 per share

- 2017-12: $26.08 per share

- 2018-01: $29.77 per share

- 2018-02: $32.20 per share

- 2018-03: $33.09 per share

- 2018-04: $33.23 per share

- 2018-05: $35.52 per share

- 2018-06: $34.49 per share

- 2018-07: $35.19 per share

- 2018-08: $39.27 per share

- 2018-09: $39.13 per share

- 2018-10: $36.21 per share

- 2018-11: $37.05 per share

- 2018-12: $35.61 per share

- 2019-01: $44.00 per share

- 2019-02: $47.89 per share

- 2019-03: $49.30 per share

- 2019-04: $54.30 per share

- 2019-05: $52.39 per share

- 2019-06: $54.91 per share

- 2019-07: $55.48 per share

- 2019-08: $52.37 per share

- 2019-09: $50.77 per share

- 2019-10: $49.45 per share

- 2019-11: $56.61 per share

- 2019-12: $56.46 per share

- 2020-01: $67.65 per share

- 2020-02: $65.22 per share

- 2020-03: $57.32 per share

- 2020-04: $70.31 per share

- 2020-05: $77.59 per share

- 2020-06: $81.01 per share

- 2020-07: $87.84 per share

- 2020-08: $96.40 per share

- 2020-09: $97.00 per share

- 2020-10: $99.51 per share

- 2020-11: $106.91 per share

- 2020-12: $110.09 per share

- 2021-01: $108.63 per share

- 2021-02: $106.69 per share

- 2021-03: $100.02 per share

- 2021-04: $101.27 per share

- 2021-05: $94.78 per share

- 2021-06: $109.91 per share

- 2021-07: $117.58 per share

- 2021-08: $128.73 per share

- 2021-09: $124.45 per share

- 2021-10: $139.55 per share

- 2021-11: $129.54 per share

- 2021-12: $129.82 per share

- 2022-01: $117.16 per share

- 2022-02: $115.98 per share

- 2022-03: $111.38 per share

- 2022-04: $95.62 per share

- 2022-05: $93.49 per share

- 2022-06: $95.10 per share

- 2022-07: $89.33 per share

- 2022-08: $86.92 per share

- 2022-09: $75.52 per share

- 2022-10: $84.15 per share

- 2022-11: $83.26 per share

- 2022-12: $77.65 per share

- 2023-01: $91.03 per share

- 2023-02: $86.43 per share

- 2023-03: $92.94 per share

- 2023-04: $91.88 per share

- 2023-05: $108.96 per share

- 2023-06: $112.39 per share

- 2023-07: $116.60 per share

- 2023-08: $117.77 per share

- 2023-09: $111.79 per share

- 2023-10: $116.37 per share

- 2023-11: $137.15 per share

- 2023-12: $141.30 per share

- 2024-01: $153.08 per share

- 2024-02: $154.27 per share

- 2024-03: $152.48 per share

- 2024-04: $138.67 per share

- 2024-05: $131.39 per share

- 2024-06: $157.33 per share

- 2024-07: $162.88 per share

- 2024-08: $171.00 per share

- 2024-09: $178.88 per share

- 2024-10: $186.60 per share

- 2024-11: $209.89 per share

- 2024-12: $212.02 per share

- 2025-01: $203.68 per share

- 2025-02: $185.95 per share

- 2025-03: $159.23 per share

- 2025-04: $191.00 per share

- 2025-05: $202.22 per share

- 2025-06: $205.62 per share

- 2025-07: $188.62 per share

- 2025-08: $183.49 per share

- 2025-09: $184.06 per share

- 2025-10: $183.86 per share

- 2025-11: $162.48 per share

- 2025-12: $153.19 per share

- 2026-01: $117.01 per share

- 2026-02: $108.01 per share

- 2026-03: $104.55 per share

- 2026-04: $88.31 per share

- 2026-05: $124.37 per share

- 2026-06: $99.28 per share

- 2026-07: $111.23 per share

- 2026-08: $147.99 per share

- 2026-09: $134.01 per share

- 2026-10: $138.61 per share

## Annual estimated value (USD per share)

- FY2021: low $5.21 per share, central $6.10 per share, high $6.62 per share

- FY2022: low $8.40 per share, central $10.27 per share, high $11.35 per share

- FY2023: low $10.67 per share, central $13.28 per share, high $14.80 per share

- FY2024: low $12.68 per share, central $15.84 per share, high $17.68 per share

- FY2025: low $28.12 per share, central $37.71 per share, high $43.30 per share

Historical values use today's bond yield for every fiscal year

Historical values use today's FX rate into trading currency for every fiscal year

Historical values use current restated fundamentals and current commodity classification; they are not point-in-time estimates

Prior published observations retained from 2026-10-15T06:36:22.684Z where newer inputs omit a numeric field or fiscal period.

## Sources

[Original 10-K filing](https://www.sec.gov/Archives/edgar/data/1373715/000137371526000007/now-20251231.htm); period 2025-12-31, filed 2026-01-29.

Estimates depend on assumptions and are not guarantees or investment advice. Underlying data remains subject to its source licenses; public reading does not grant bulk redistribution rights.

## Reported holder observations

- [Chuck Akre](https://gigainvestors.com/AC): 1,246,099 NOW shares; USD 123,713,000 reported position value; 2.42% of portfolio; add; quarter 2026 Q2.
- [Mark Hillman](https://gigainvestors.com/HCM): 3,415 NOW shares; USD 339,000 reported position value; 0.25% of portfolio; add; quarter 2026 Q2.
- [Robert Torray](https://gigainvestors.com/T): 51,543 NOW shares; USD 5,117,000 reported position value; 0.76% of portfolio; reduce; quarter 2026 Q2.
- [Chase Coleman](https://gigainvestors.com/TGM): 873,485 NOW shares; USD 86,720,000 reported position value; 0.36% of portfolio; reduce; quarter 2026 Q2.
- [C.T. Fitzpatrick](https://gigainvestors.com/VVP): 574,811 NOW shares; USD 57,067,000 reported position value; 1.74% of portfolio; add; quarter 2026 Q2.
- [Dan Davidowitz](https://gigainvestors.com/pcm): 5,370,172 NOW shares; USD 533,151,000 reported position value; 4.59% of portfolio; reduce; quarter 2026 Q2.

# NOW — ServiceNow Inc.

Held by 6 investors · USD 806,107,000 total · 2026 Q2 · reported price USD 99.28 (split-adjusted).
Page: https://gigainvestors.com/s/NOW

## Holders (2026 Q2)

| Investor | Value | % of their portfolio | This quarter |
|---|---:|---:|---|
| Dan Davidowitz (https://gigainvestors.com/pcm) | USD 533,151,000 | 4.6% | reduce -26.13% |
| Chuck Akre (https://gigainvestors.com/AC) | USD 123,713,000 | 2.4% | add +13.68% |
| Chase Coleman (https://gigainvestors.com/TGM) | USD 86,720,000 | 0.4% | reduce -41.77% |
| C.T. Fitzpatrick (https://gigainvestors.com/VVP) | USD 57,067,000 | 1.7% | add +7.68% |
| Robert Torray (https://gigainvestors.com/T) | USD 5,117,000 | 0.8% | reduce -6.04% |
| Mark Hillman (https://gigainvestors.com/HCM) | USD 339,000 | 0.3% | add +1.13% |

## Total held by quarter

- 2017 Q2: USD 341,419,640 · 1 holder · USD 21.20
- 2017 Q3: USD 619,679,049 · 1 holder · USD 23.51
- 2017 Q4: USD 536,751,567 · 1 holder · USD 26.08
- 2018 Q1: USD 442,929,173 · 1 holder · USD 33.09
- 2018 Q2: USD 519,807,930 · 1 holder · USD 34.49
- 2018 Q3: USD 619,552,529 · 1 holder · USD 39.13
- 2018 Q4: USD 666,934,527 · 2 holders · USD 35.61
- 2019 Q1: USD 617,604,271 · 2 holders · USD 49.30
- 2019 Q2: USD 579,609,369 · 2 holders · USD 54.91
- 2019 Q3: USD 633,971,336 · 2 holders · USD 50.77
- 2019 Q4: USD 1,140,665,615 · 3 holders · USD 56.46
- 2020 Q1: USD 1,447,805,183 · 3 holders · USD 57.32
- 2020 Q2: USD 2,405,043,108 · 3 holders · USD 81.01
- 2020 Q3: USD 3,128,739,850 · 3 holders · USD 97.00
- 2020 Q4: USD 3,362,322,543 · 3 holders · USD 110.09
- 2021 Q1: USD 3,495,329,427 · 3 holders · USD 100.02
- 2021 Q2: USD 4,498,470,120 · 3 holders · USD 109.91
- 2021 Q3: USD 4,646,610,806 · 3 holders · USD 124.45
- 2021 Q4: USD 4,779,999,014 · 3 holders · USD 129.82
- 2022 Q1: USD 4,256,806,046 · 3 holders · USD 111.38
- 2022 Q2: USD 2,635,884,763 · 4 holders · USD 95.10
- 2022 Q3: USD 2,135,756,198 · 3 holders · USD 75.52
- 2022 Q4: USD 2,047,541,203 · 3 holders · USD 77.65
- 2023 Q1: USD 2,432,146,860 · 3 holders · USD 92.94
- 2023 Q2: USD 2,724,082,970 · 3 holders · USD 112.39
- 2023 Q3: USD 2,571,431,588 · 3 holders · USD 111.79
- 2023 Q4: USD 3,099,762,392 · 3 holders · USD 141.30
- 2024 Q1: USD 2,480,868,575 · 4 holders · USD 152.49
- 2024 Q2: USD 2,418,049,554 · 4 holders · USD 157.33
- 2024 Q3: USD 2,515,982,007 · 4 holders · USD 178.88
- 2024 Q4: USD 2,355,992,335 · 3 holders · USD 212.02
- 2025 Q1: USD 1,224,013,353 · 3 holders · USD 159.23
- 2025 Q2: USD 1,527,203,911 · 3 holders · USD 205.62
- 2025 Q3: USD 1,318,514,326 · 4 holders · USD 184.07
- 2025 Q4: USD 1,202,282,150 · 3 holders · USD 153.19
- 2026 Q1: USD 1,093,342,012 · 6 holders · USD 104.55
- 2026 Q2: USD 806,107,000 · 6 holders · USD 99.28