ServiceNow has completed a 1-for-5 stock split, with trading on the adjusted basis commencing on December 18, 2025. This marks the company's first stock split, with each pre-split share converting into five post-split shares. Concurrently, ServiceNow announced a $4 billion bond offering, priced on May 15, 2026, which saw its stock price rise by 5.05% despite a 1.24% decline in the S&P 500 index. The bond offering includes senior unsecured notes maturing between 2028 and 2056, with coupon rates from 4.25% to 6.30%. The proceeds, approximately $3.94 billion, will repay a bridge loan used for acquiring Armis Security for $7.75 billion. The offering attracted demand exceeding $38 billion, allowing ServiceNow to secure favorable pricing. CEO Bill McDermott emphasized the strategic importance of the Armis acquisition, while COO Amit Zavery highlighted a shift towards usage-based billing in new sales.