• ServiceNow average return on tangible equity for 2023 was 30.28, a 296.34% decline from 2022.
• ServiceNow average return on tangible equity for 2022 was 7.64, a 16.59% increase from 2021.
• ServiceNow average return on tangible equity for 2021 was 9.16, a 65.37% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.