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ServiceNow Inc. drawdown: 43.4% below the all-time high

ServiceNow Inc. is 43.4% below its all-time high, set Jan 28, 2025 (as of market close, Sep 11, 2026). The chart shows every day as a percentage of the highest level reached up to that point: 100% means a fresh record, everything below is a drawdown.

Below all-time high
−43.4%
56.6% of ATH
All-time high
$234.08
Jan 28, 2025
Time below the high
1.6 yrs
since Jan 28, 2025
Worst-ever drawdown
−64.5%
Apr 10, 2026
Longest underwater
2.1 yrs
between all-time highs
Today's level first reached
Sep 3, 2021
5.0 yrs ago
Last time this deep
Jan 11, 2023
in a previous episode

% of all-time high since 2012#

The classic underwater chart (drawdown curve), drawn as % of the all-time high — 100% is a fresh record, everything below it is time spent underwater. Basis and range are in the URL, so a particular view is a link.

Basis
Range
All-time high = 100%40%60%80%
NOW close · log5.0020.00100
2014201620182020202220242026

The deepest drawdowns on record#

Every decline of 15% or more from an all-time high (price basis), deepest first.

PeakTroughDepthPeak → troughRecovered byUnderwater
Jan 28, 2025Apr 10, 2026−64.5%14 monot yet1.6 yrs+
Nov 4, 2021Oct 14, 2022−51.3%11 moDec 11, 20232.1 yrs
Dec 4, 2015Feb 8, 2016−47.6%2 moJan 27, 201714 mo
Sep 24, 2012Jan 14, 2013−35.4%4 moApr 25, 20137 mo
Mar 4, 2014Apr 28, 2014−34.4%55 daysJan 29, 201511 mo
Feb 19, 2020Apr 3, 2020−30.2%44 daysMay 5, 20202 mo
Jul 11, 2019Oct 23, 2019−27.2%3 moJan 13, 20206 mo
Feb 11, 2021May 17, 2021−23.6%3 moAug 5, 20216 mo

Price basis (no dividends) — the convention crash histories use. With dividends reinvested, recoveries arrive years earlier; switch the basis on the chart above to see it.

Drawdown vs what came next#

One dot per month since 2012: how far ServiceNow Inc. stood below its all-time high, and the total return over the following 1, 5 and 10 years.

1950–19992000–today

Read this with survivorship bias in mind: a single asset's history is one surviving sample, so past recoveries here say little about the odds ahead. Monthly windows also overlap heavily (they are not independent samples). Not investment advice.

FAQ#

How far is ServiceNow Inc. from its all-time high?
ServiceNow Inc. is currently 43.4% below its all-time high, set Jan 28, 2025 (as of market close, Sep 11, 2026). Prices only, the convention headlines use; with dividends reinvested the gap is usually smaller.
What was the biggest ServiceNow Inc. drawdown ever?
The deepest decline on record in our data (since 2012) took ServiceNow Inc. 64.5% below its prior high, bottoming Apr 10, 2026. The table on this page lists every major episode with its peak, trough and recovery date.

Methodology & related#

Daily data since -1 from NOW; no free deep history exists for ServiceNow Inc. — for a 150-year drawdown record see the S&P 500 drawdown page. The price basis excludes dividends; the total-return basis reinvests them; the real basis additionally deflates by CPI. See also returns by year. Past performance does not predict future returns; not investment advice.

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