NOW’s worst drop since 2012 was 65%
ServiceNow (NOW) fell 65% from Jan 2025 to Apr 2026. It has not closed above that Jan 2025 peak since, 1.7 years later. Over the same years the S&P 500 fell as much as 34%.
That drop is milder than most. It ranks 655th of the 986 stocks PortfolioAutopsy tracks, counted from the deepest.
Drawdown from the last high, 2012 to now
How NOW held up in each crash
| Crash | Years | NOW | S&P 500 |
|---|---|---|---|
| Dot-com bust | 2000–02 | not trading yet | −47.5% |
| Financial crisis | 2007–09 | not trading yet | −55.2% |
| COVID crash | 2020 | −30.2% | −33.7% |
| 2022 rate shock | 2022 | −45.8% | −24.5% |
Each number is the deepest fall from a high inside that window, using daily prices with dividends reinvested.
See how NOW behaves inside your whole mix, with the worst 12 months, loss odds and crash replays. Free, no signup, and the math runs in your browser.
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What was NOW’s maximum drawdown?
NOW’s deepest fall since 2012 was 64.5%, from its high on January 28, 2025 to its low on April 10, 2026. The figure uses daily prices with dividends reinvested.
How long did NOW take to recover?
It has not recovered yet. As of October 13, 2026 it sits 40.8% below that Jan 2025 high.
Was NOW riskier than the S&P 500?
Over the same years, NOW’s worst drop was 64.5% against 33.7% for the S&P 500 (SPY), and its worst 12 months were −57.2% against −19.7%.
Compare with
Daily adjusted closes from Yahoo Finance, July 2, 2012 through October 13, 2026, dividends reinvested. Historical facts, not a forecast and not investment advice.