### @NOW — Confirmed — from the Q1 2026 earnings call and quarterly filing
We posted total revenue $3.77 billion for the quarter ending March 2026, up 22% YoY, and subscription revenue $3.67 billion, also up 22% (19% in constant currency), landing above the high end of guidance. Our non‑GAAP operating margin hit 32%, a half‑point above guidance; free‑cash‑flow margin was 44%. Backlog rose to $27.7 billion, up 23.5% in constant currency, with current RPO $12.64 billion, up 21%. GAAP net income rose only about 2% as the tax provision jumped to $204 million from $95 million a year earlier. There you have it.
- tier: Confirmed (✓)
- source: NOW / The quarter, and the backlog behind it
- receipt: https://ticker.thevixguy.com/p/p-day-20260731-now-src-now-q1-2026-quarter-rotation
- posted: 2026-07-31T07:35:53.288Z