# ServiceNow has outlined a path to more than $30 billion in annual subscription revenue by 2030.

*business · news · 2026-05-07 · Benzinga*

## Key points

- ServiceNow projects over $30 billion in annual subscription revenue by 2030, doubling from 2026.
- The company expects gross margins above 80% despite increased AI adoption and associated costs.
- Now Assist annual contract value exceeded $750 million in Q1 2026 and is set to double by year-end.
- ServiceNow anticipates a 100-basis-point expansion in operating and free cash flow margins in 2027.

**Companies:** ServiceNow

[Read the full story on Benzinga](https://www.benzinga.com/trading-ideas/movers/26/05/52383050/why-servicenow-shares-are-surging-on-thursday)

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