ServiceNow, Inc. bonds NOW
Who owns ServiceNow, Inc.'s debt and what their own filings say it is worth. Bond prices and yields are fund-reported marks (SEC Form N-PORT) as of Jul 2026; they lag the market by about two months. NOW stock page.
Every bond funds hold
Each bond's latest fund-reported mark. Price per 100 of face value; yield to maturity from price, coupon and maturity; spread over the matched-maturity Treasury for US-dollar bonds.
| Bond | Coupon | Maturity | Ccy | Price | Yield | Spread | Funds | Held | As of |
|---|---|---|---|---|---|---|---|---|---|
| 81762PAF9 | 4.25% fixed | 2028-05-15 | USD | 99.47 | 4.56% | 38 bp | 24 | $62.8M | Jul 2026 |
| 81762PAE2 | 1.4% fixed | 2030-09-01 | USD | 87.05 | 4.94% | 64 bp | 20 | $76.8M | Jul 2026 |
| 81762PAG7 | 4.7% fixed | 2031-08-15 | USD | 98.48 | 5.04% | 71 bp | 11 | $20.2M | Jul 2026 |
| 81762PAH5 | 5.05% fixed | 2033-05-15 | USD | 98.64 | 5.29% | 84 bp | 18 | $26.6M | Jul 2026 |
| 81762PAJ1 | 5.4% fixed | 2036-05-15 | USD | 97.53 | 5.73% | 114 bp | 30 | $53.6M | Jul 2026 |
| 81762PAK8 | 6.3% fixed | 2056-05-15 | USD | 96.30 | 6.58% | 148 bp | 13 | $9.8M | Jul 2026 |
Spread history
Median spread of the US-dollar bonds over Treasuries, month-ends with complete filings. Fund-reported.
Price history
Median fund-marked price across the bonds, per 100 of face value.
By month
Funds file on staggered quarter-ends, so each month-end is marked by the funds that reported for it; the amount held moves with which funds filed, not only with buying and selling.
| Month-end | Bonds | Held | Median price | USD yield | USD spread | Most funds on one bond |
|---|---|---|---|---|---|---|
| Jul 2026 | 6 | $249.8M | 98.01 | 5.17% | 78 bp | 30 |
| Jun 2026 | 6 | $473.7M | 99.79 | 4.94% | 67 bp | 74 |
| May 2026 | 6 | $205.7M | 100.25 | 4.83% | 59 bp | 29 |
| Apr 2026 | 1 | $69.7M | 87.14 | 4.71% | 81 bp | 20 |
| Mar 2026 | 1 | $58.8M | 86.78 | 4.75% | 94 bp | 39 |
| Feb 2026 | 1 | $65.6M | 88.58 | 4.21% | 57 bp | 20 |
| Jan 2026 | 1 | $18.8M | 88.15 | 4.28% | 53 bp | 18 |
| Dec 2025 | 1 | $79.8M | 88.14 | 4.23% | 55 bp | 40 |
| Nov 2025 | 1 | $76.8M | 88.21 | 4.16% | 50 bp | 22 |
| Oct 2025 | 1 | $16.7M | 87.66 | 4.25% | 61 bp | 17 |
| Sep 2025 | 1 | $99.4M | 87.58 | 4.22% | 57 bp | 42 |
| Aug 2025 | 1 | $85.7M | 87.63 | 4.16% | 37 bp | 21 |
| Jul 2025 | 1 | $14.8M | 86.38 | 4.42% | 46 bp | 15 |
Who holds the debt
Fund series in their latest quarterly N-PORT report, largest first, with the change in face value against each fund's own previous report. Names as reported in the filings. 42 added, 5 cut, 205 new holders and 4 exits in the latest quarter.
| Fund series | Report | Face value | Value | Change in face value |
|---|---|---|---|---|
| VANGUARD TOTAL BOND MARKET INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $86.0M | $82.0M | $65.2M |
| VANGUARD TOTAL BOND MARKET II INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $76.9M | $73.9M | $61.3M |
| VANGUARD INTERMEDIATE-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $52.7M | $51.6M | new |
| DFA Short-Term Extended Quality Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $47.7M | $41.6M | $0 |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $35.1M | $31.4M | $5.7M |
| Dodge & Cox Global Bond Fund Dodge & Cox Funds | 2026-06-30 | $29.7M | $29.6M | new |
| Dodge & Cox Balanced Fund Dodge & Cox Funds | 2026-06-30 | $27.0M | $26.9M | new |
| VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND VANGUARD SCOTTSDALE FUNDS | 2026-05-31 | $23.9M | $24.0M | new |
| VANGUARD INTERMEDIATE-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $23.1M | $23.0M | new |
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND VANGUARD FIXED INCOME SECURITIES FUNDS | 2026-07-31 | $16.1M | $15.9M | new |
| iShares Core U.S. Aggregate Bond ETF iShares Trust | 2026-05-31 | $14.6M | $13.6M | $6.0M |
| VANGUARD SHORT-TERM BOND INDEX FUND VANGUARD BOND INDEX FUNDS | 2026-06-30 | $14.6M | $13.4M | $5.9M |
| Schwab 5-10 Year Corporate Bond ETF SCHWAB STRATEGIC TRUST | 2026-06-30 | $13.3M | $13.3M | new |
| Invesco Core Plus Bond Fund AIM Counselor Series Trust (Invesco Counselor Series Trust) | 2026-05-31 | $13.2M | $13.3M | new |
| VOYA INTERMEDIATE BOND FUND Voya Funds Trust | 2026-06-30 | $12.7M | $12.8M | new |
| Bridge Builder Core Bond Fund Bridge Builder Trust | 2026-06-30 | $12.2M | $12.3M | new |
| iShares Ultra Short Duration Bond Active ETF iShares U.S. ETF Trust | 2026-07-31 | $11.0M | $11.0M | new |
| PIMCO Short-Term Fund PIMCO FUNDS | 2026-06-30 | $10.6M | $10.6M | new |
| Invesco Corporate Bond Fund AIM Investment Securities Funds (Invesco Investment Securities Funds) | 2026-05-31 | $10.4M | $10.5M | new |
| Nuveen Short Term Bond Fund TIAA-CREF Funds | 2026-06-30 | $10.0M | $10.0M | new |
| iShares iBoxx $ Investment Grade Corporate Bond ETF iShares Trust | 2026-05-31 | $9.7M | $9.8M | new |
| DFA Short-Duration Real Return Portfolio DFA INVESTMENT DIMENSIONS GROUP INC | 2026-07-31 | $10.8M | $9.4M | $0 |
| State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF SPDR SERIES TRUST | 2026-06-30 | $9.6M | $9.3M | $7.1M |
| Transamerica Short-Term Bond TRANSAMERICA FUNDS | 2026-07-31 | $9.3M | $9.3M | new |
| Dimensional Ultrashort Fixed Income ETF Dimensional ETF Trust | 2026-07-31 | $9.1M | $9.1M | new |
Largest exits in the latest quarter (fund held the bonds in its previous report, none now): Capital World Bond Fund ($756K), Franklin Investment Grade Corporate ETF ($500K), Putnam Income Fund ($412K), Franklin Templeton SMACS: Series CP ($26K).
ETFs holding these bonds
From each ETF's own latest N-PORT report: the issuer's bonds as a share of the ETF's net assets. A holdings list, not a recommendation.
| ETF | Report | Bonds | Face value | Value | % of net assets |
|---|---|---|---|---|---|
| BND VANGUARD TOTAL BOND MARKET INDEX FUND | 2026-06-30 | 6 | $86.0M | $82.0M | 0.02% |
| VCSH VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $35.1M | $31.4M | 0.06% |
| VCIT VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND | 2026-05-31 | 3 | $23.9M | $24.0M | 0.04% |
| BIV VANGUARD INTERMEDIATE-TERM BOND INDEX FUND | 2026-06-30 | 3 | $23.1M | $23.0M | 0.04% |
| AGG iShares Core U.S. Aggregate Bond ETF | 2026-05-31 | 6 | $14.6M | $13.6M | 0.01% |
| BSV VANGUARD SHORT-TERM BOND INDEX FUND | 2026-06-30 | 3 | $14.6M | $13.4M | 0.02% |
| SCHI Schwab 5-10 Year Corporate Bond ETF | 2026-06-30 | 3 | $13.3M | $13.3M | 0.11% |
| ICSH iShares Ultra Short Duration Bond Active ETF | 2026-07-31 | 1 | $11.0M | $11.0M | 0.13% |
| LQD iShares iBoxx $ Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $9.7M | $9.8M | 0.03% |
| SPIB State Street(R) SPDR(R) Portfolio Intermediate Term Corporate Bond ETF | 2026-06-30 | 5 | $9.6M | $9.3M | 0.08% |
| DUSB Dimensional Ultrashort Fixed Income ETF | 2026-07-31 | 1 | $9.1M | $9.1M | 0.41% |
| IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 2 | $10.1M | $9.0M | 0.04% |
| BSCU Invesco BulletShares 2030 Corporate Bond ETF | 2026-05-31 | 1 | $10.2M | $8.9M | 0.35% |
| IBDV iShares iBonds Dec 2030 Term Corporate ETF | 2026-07-31 | 1 | $9.0M | $7.9M | 0.24% |
| IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF | 2026-05-31 | 3 | $7.4M | $7.5M | 0.04% |
Default risk, three ways
Stock market: distance-to-default
Distance-to-default 5.95: safer than 58% of companies (57th percentile in Technology). Market-implied, prices to 2026-10-16, balance sheet 2026-06-30.
| Equity value | $149.83B |
| Debt barrier (short-term + ½ long-term debt) | $4.80B |
| Equity volatility (1 year) | 58.2% |
| Asset value / asset volatility (solved) | $154.43B / 56.4% |
| Risk-free rate (1-year Treasury) | 4.28% |
Bond market: priced-in odds
A 78 bp spread prices in about 1.3% a year of default odds (spread ÷ (1 − 40% recovery)). Fund-reported marks as of Jul 2026; the spread also pays for liquidity and risk premium, so this overstates actual defaults.
Accounts: Altman Z
Altman Z'' = 1.06 (latest balance sheet). A fundamentals cross-check; see methods for the variant used.
The stock side: 13F filings
What institutions report holding in NOW's stock and options. Options are reported at the value of the underlying shares, not the premium paid; 13F lists long positions only, lags 45 days after quarter-end, and does not show whether puts hedge a stock position.
| Quarter-end | Stock holders | Stock value | Put managers | Puts (underlying value) | Call managers | Calls (underlying value) | Convertible holders |
|---|---|---|---|---|---|---|---|
| 2026-09-30 filings still arriving | 378 | $1.75B | 2 | $1.9M | 6 | $1.2M | 0 |
| 2026-06-30 | 2,213 | $79.70B | 74 | $5.81B | 124 | $5.18B | 1 |
| 2026-03-31 | 2,171 | $73.60B | 63 | $3.47B | 82 | $3.45B | 1 |
| 2025-12-31 | 2,283 | $129.82B | 56 | $3.26B | 56 | $3.34B | 1 |
| 2025-09-30 | 2,206 | $155.88B | 65 | $3.88B | 56 | $3.14B | 1 |
| 2025-06-30 | 2,256 | $177.31B | 60 | $4.12B | 67 | $4.62B | 1 |
Sources: fund holdings and fund-reported marks from SEC Form N-PORT (published about 60 days after each month-end); 13F filings; House and Senate periodic transaction reports and OGE Form 278-T; Treasury yields from FRED. Findings from filings, not advice. How each number is computed.