ServiceNow vs Workday — R&D Spend Comparison

ServiceNow (NOW) r&d spend was $3.0B in FY2025 (+16% YoY); Workday (WDAY) r&d spend was $2.7B in FY2026 (+2% YoY). The tables below show the complete quarterly and annual r&d spend history, sourced from SEC EDGAR 10-K and 10-Q filings.

Fiscal Year	ServiceNow	Workday
2026	—	$2.7B
2025	$3.0B	$2.6B
2024	$2.5B	$2.5B
2023	$2.1B	$2.2B
2022	$1.8B	$1.9B
2021	$1.4B	$1.7B
2020	$1.0B	$1.5B
2019	$749M	$1.2B
2018	$530M	$911M
2017	$378M	$681M
2016	$285M	$470M
2015	$217M	$317M
2014	$148M	$182M
2013	$79M	$103M
2012	$39M	$62M
2011	$7M	—
2010	$7M	$39M

ServiceNow — Annual R&D Spend

Fiscal Year	R&D Spend	YoY
2025	$3.0B	+16%
2024	$2.5B	+20%
2023	$2.1B	+20%
2022	$1.8B	+27%
2021	$1.4B	+36%
2020	$1.0B	+37%
2019	$749M	+41%
2018	$530M	+40%
2017	$378M	+32%
2016	$285M	+31%
2015	$217M	+47%
2014	$148M	+88%
2013	$79M	+100%
2012	$39M	+462%
2011	$7M	-3%
2010	$7M

Workday — Annual R&D Spend

Fiscal Year	R&D Spend	YoY
2026	$2.7B	+2%
2025	$2.6B	+7%
2024	$2.5B	+10%
2023	$2.2B	+20%
2022	$1.9B	+9%
2021	$1.7B	+11%
2020	$1.5B	+28%
2019	$1.2B	+33%
2018	$911M	+34%
2017	$681M	+45%
2016	$470M	+48%
2015	$317M	+74%
2014	$182M	+77%
2013	$103M	+66%
2012	$62M	+58%
2010	$39M

Source: NOW on EDGAR · WDAY on EDGAR. Data from SEC EDGAR 10-K and 10-Q filings. Updated quarterly.