• ServiceNow average return on tangible equity for 2023 was 26.16, a 232.4% decline from 2022.
• ServiceNow average return on tangible equity for 2022 was 7.87, a 3.55% increase from 2021.
• ServiceNow average return on tangible equity for 2021 was 8.16, a 74.5% 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.