Zoom Communications, Inc. (ZM) 10-Year Financial Performance & Capital Metrics

ZM • • Industrial / General

TechnologyApplication SoftwareDigital Media & Entertainment SoftwareStreaming & Content Delivery

AboutZoom Communications, Inc. engages in the provision of a communications and collaboration platform. It operates through the following geographical segments: Americas, Asia Pacific, and Europe, Middle East, and Africa. The company was founded by Eric S. Yuan in 2011 and is headquartered in San Jose, CA.Show more

Revenue $4.67B +3.1%
EBITDA $936M +48.6%
Net Income $1.01B +58.5%
EPS (Diluted) 3.21 +55.1%
Gross Margin 75.79% -0.5%
EBITDA Margin 20.06% +44.2%
Operating Margin 17.43% +50.2%
Net Margin 21.65% +53.8%
ROE 11.92% +33.0%
ROIC 8.6% +28.3%
Debt/Equity 0.01 -20.7%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 109.0%
✓FCF machine: 38.8% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 49.6%
✓Healthy 5Y average net margin of 19.4%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-

5Y49.6%

3Y4.4%

TTM3.85%

Profit (Net Income) CAGR

10Y-

5Y109.05%

3Y-9.78%

TTM69.35%

EPS CAGR

10Y-

5Y106.49%

3Y-10.65%

TTM71.13%

ROCE

10Y Avg8.82%

5Y Avg13.66%

3Y Avg6.87%

Latest9.43%

Peer Comparison

Streaming & Content Delivery

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SRADSportradar Group AG	4.31B	19.82	198.20	26.09%	7.72%	9.63%	2.91%	0.05
VMEOVimeo, Inc.	1.24B	7.85	49.06	-0.05%	1%	1.05%	4.57%	0.03
ZMZoom Communications, Inc.	21.65B	81.52	25.40	3.05%	33.17%	17.16%	8.35%	0.01
YALAYalla Group Limited	900.4M	6.78	9.16	6.52%	42.29%	18.98%	19.1%	0.00
AUUDAuddia Inc.	3.13M	1.01	-0.02			-189.89%		0.02
OBLGOblong, Inc.	6.86M	2.14	-0.14	-37.59%	-187.17%	-45.31%
GITSGlobal Interactive Technologies, Inc.	2.72M	0.74	-0.32			-100.31%		0.06
VSVersus Systems Inc.	6.18M	1.26	-0.57	-77.08%	-57.95%	-40.44%

Profit & Loss

	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	60.82M	151.48M	330.52M	622.66M	2.65B	4.1B	4.39B	4.53B	4.67B
Revenue Growth %	-	1.49%	1.18%	0.88%	3.26%	0.55%	0.07%	0.03%	0.03%
Cost of Goods Sold+	12.47M	30.78M	61M	115.4M	821.99M	1.05B	1.1B	1.08B	1.13B
COGS % of Revenue	0.21%	0.2%	0.18%	0.19%	0.31%	0.26%	0.25%	0.24%	0.24%
Gross Profit+	48.34M	120.7M	269.52M	507.26M	1.83B	3.05B	3.29B	3.45B	3.54B
Gross Margin %	0.79%	0.8%	0.82%	0.81%	0.69%	0.74%	0.75%	0.76%	0.76%
Gross Profit Growth %	-	1.5%	1.23%	0.88%	2.61%	0.66%	0.08%	0.05%	0.03%
Operating Expenses+	48.34M	125.53M	263.35M	494.57M	1.17B	1.98B	3.05B	2.92B	2.72B
OpEx % of Revenue	0.79%	0.83%	0.8%	0.79%	0.44%	0.48%	0.69%	0.65%	0.58%
Selling, General & Admin	39.13M	109.8M	230.34M	427.49M	1.01B	1.62B	2.27B	2.12B	1.87B
SG&A % of Revenue	0.64%	0.72%	0.7%	0.69%	0.38%	0.39%	0.52%	0.47%	0.4%
Research & Development	9.22M	15.73M	33.01M	67.08M	164.08M	362.99M	774.06M	803.19M	852.41M
R&D % of Revenue	0.15%	0.1%	0.1%	0.11%	0.06%	0.09%	0.18%	0.18%	0.18%
Other Operating Expenses	60K	74K	345K	0	0	-5.72M	0	0	0
Operating Income+	0	-4.83M	6.17M	12.7M	659.85M	1.06B	245.43M	525.28M	813.29M
Operating Margin %	-	-0.03%	0.02%	0.02%	0.25%	0.26%	0.06%	0.12%	0.17%
Operating Income Growth %	-	-	2.28%	1.06%	50.97%	0.61%	-0.77%	1.14%	0.55%
EBITDA+	1.22M	-2.05M	13.18M	29.14M	688.71M	1.11B	327.75M	629.73M	935.93M
EBITDA Margin %	0.02%	-0.01%	0.04%	0.05%	0.26%	0.27%	0.07%	0.14%	0.2%
EBITDA Growth %	-	-2.68%	7.44%	1.21%	22.63%	0.61%	-0.71%	0.92%	0.49%
D&A (Non-Cash Add-back)	1.22M	2.79M	7.01M	16.45M	28.86M	48.19M	82.32M	104.45M	122.63M
EBIT	0	-4.83M	6.17M	12.7M	659.85M	1.06B	245.43M	525.28M	813.29M
Net Interest Income+	98K	1.31M	2.18M	13.67M	18.19M	0	0	0	0
Interest Income	98K	1.31M	2.18M	13.67M	18.19M	0	0	0	0
Interest Expense	0	0	0	0	0	0	0	0	0
Other Income/Expense	158K	1.31M	2.18M	13.67M	18.19M	38.04M	3.85M	307.03M	502.29M
Pretax Income+	158K	-3.52M	8.35M	26.36M	678.03M	1.1B	249.28M	832.31M	1.32B
Pretax Margin %	0%	-0.02%	0.03%	0.04%	0.26%	0.27%	0.06%	0.18%	0.28%
Income Tax+	172K	304K	765K	1.06M	5.72M	-274.01M	145.56M	194.85M	305.35M
Effective Tax Rate %	-0.09%	1.09%	0.91%	0.96%	0.99%	1.25%	0.42%	0.77%	0.77%
Net Income+	-14K	-3.82M	7.58M	25.3M	672.32M	1.38B	103.71M	637.46M	1.01B
Net Margin %	-0%	-0.03%	0.02%	0.04%	0.25%	0.34%	0.02%	0.14%	0.22%
Net Income Growth %	-	-272%	2.98%	2.34%	25.57%	1.05%	-0.92%	5.15%	0.58%
Net Income (Continuing)	-14K	-3.82M	7.58M	25.3M	672.32M	1.38B	103.71M	637.46M	1.01B
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.00	-0.01	0.03	0.09	2.25	4.50	0.34	2.07	3.21
EPS Growth %	-	-	2.99%	2.03%	25.32%	1%	-0.92%	5.09%	0.55%
EPS (Basic)	-0.00	-0.02	0.03	0.09	2.37	4.64	0.35	2.12	3.28
Diluted Shares Outstanding	268.8M	268.8M	268.8M	254.3M	298.13M	305.83M	304.23M	308.52M	315.07M
Basic Shares Outstanding	237.28M	237.28M	268.8M	233.64M	283.85M	296.33M	296.56M	300.75M	307.98M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	151.88M	183.16M	276.72M	1.1B	4.79B	6.18B	6.36B	7.93B	8.68B
Cash & Short-Term Investments	134.32M	139.2M	176.4M	855.19M	4.24B	5.42B	5.41B	6.96B	7.79B
Cash Only	134.32M	36.15M	63.62M	283.13M	2.24B	1.06B	1.09B	1.56B	1.35B
Short-Term Investments	0	103.06M	112.78M	572.06M	2B	4.36B	4.33B	5.4B	6.44B
Accounts Receivable	9.88M	24.53M	63.61M	120.44M	294.7M	419.67M	557.4M	536.08M	495.23M
Days Sales Outstanding	59.32	59.1	70.25	70.6	40.57	37.36	46.31	43.22	38.74
Inventory	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-
Other Current Assets	5.51M	13.89M	27.44M	97.57M	192.75M	232.2M	262.85M	239.4M	222.11M
Total Non-Current Assets+	12.92M	31.86M	77.85M	194.32M	505.13M	1.37B	1.77B	2B	2.31B
Property, Plant & Equipment	5.66M	13.03M	37.27M	125.75M	247.57M	318.32M	333.73M	352.68M	386.38M
Fixed Asset Turnover	10.75x	11.62x	8.87x	4.95x	10.71x	12.88x	13.16x	12.84x	12.07x
Goodwill	0	0	0	0	24.34M	27.61M	122.64M	307.3M	307.3M
Intangible Assets	0	0	0	2.16M	0	23.99M	56.66M	72.17M	58.65M
Long-Term Investments	0	0	0	3M	18.67M	367.81M	398.99M	409.22M	591.48M
Other Non-Current Assets	7.26M	18.82M	40.57M	63.42M	213.03M	247.48M	301.21M	200.03M	218.89M
Total Assets+	164.8M	215.02M	354.56M	1.29B	5.3B	7.55B	8.13B	9.93B	10.99B
Asset Turnover	0.37x	0.70x	0.93x	0.48x	0.50x	0.54x	0.54x	0.46x	0.42x
Asset Growth %	-	0.3%	0.65%	2.64%	3.11%	0.43%	0.08%	0.22%	0.11%
Total Current Liabilities+	28.87M	68.53M	152.34M	333.83M	1.26B	1.58B	1.74B	1.76B	1.9B
Accounts Payable	1.48M	2.72M	4.96M	1.6M	8.66M	7.84M	14.41M	10.18M	8.35M
Days Payables Outstanding	43.17	32.29	29.7	5.05	3.85	2.71	4.78	3.45	2.7
Short-Term Debt	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	22.96M	11.05M	18.66M	90.35M	176.32M	148.9M	160.8M	204.04M	223.24M
Current Ratio	5.26x	2.67x	1.82x	3.28x	3.80x	3.91x	3.66x	4.50x	4.56x
Quick Ratio	5.26x	2.67x	1.82x	3.28x	3.80x	3.91x	3.66x	4.50x	4.56x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	173.16M	209.66M	122.07M	177.26M	191.61M	182.81M	148.2M	150.04M
Long-Term Debt	0	0	14.86M	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	64.79M	90.42M	85.02M	73.69M	48.31M	37.41M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	169.25M	184.15M	36.29M	61.63M	68.11M	67.19M	81.38M	95.36M
Total Liabilities	28.87M	241.69M	362M	455.9M	1.44B	1.77B	1.92B	1.91B	2.05B
Total Debt+	0	0	14.86M	72.47M	106.02M	105.72M	96.48M	72.95M	64.43M
Net Debt	-134.32M	-36.15M	-48.77M	-210.67M	-2.13B	-957.11M	-990.35M	-1.49B	-1.28B
Debt / Equity	-	-	-	0.09x	0.03x	0.02x	0.02x	0.01x	0.01x
Debt / EBITDA	-	-	1.13x	2.49x	0.15x	0.10x	0.29x	0.12x	0.07x
Net Debt / EBITDA	-110.19x	-	-3.70x	-7.23x	-3.10x	-0.86x	-3.02x	-2.36x	-1.37x
Interest Coverage	-	-	-	-	-	-	-	-	-
Total Equity+	130.92M	-26.67M	-7.44M	833.94M	3.86B	5.78B	6.21B	8.02B	8.94B
Equity Growth %	-	-1.2%	0.72%	113.1%	3.63%	0.5%	0.07%	0.29%	0.11%
Book Value per Share	0.49	-0.10	-0.03	3.28	12.95	18.90	20.40	25.99	28.36
Total Shareholders' Equity	130.92M	-26.67M	-7.44M	833.94M	3.86B	5.78B	6.21B	8.02B	8.94B
Common Stock	77K	80K	89K	277K	292K	299K	294K	307K	305K
Retained Earnings	-28.91M	-32.74M	-25.15M	152K	672.47M	2.05B	2.15B	2.79B	3.8B
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	-531K	-135K	809K	839K	-17.9M	-50.38M	1.06M	4.99M
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	9.36M	19.43M	51.33M	151.89M	1.47B	1.61B	1.29B	1.6B	1.95B
Operating CF Margin %	0.15%	0.13%	0.16%	0.24%	0.55%	0.39%	0.29%	0.35%	0.42%
Operating CF Growth %	-	1.08%	1.64%	1.96%	8.69%	0.09%	-0.2%	0.24%	0.22%
Net Income	-14K	-3.82M	7.58M	25.3M	672.32M	1.38B	103.71M	637.46M	1.01B
Depreciation & Amortization	1.22M	2.79M	7.01M	16.45M	28.86M	48.19M	82.32M	104.45M	122.63M
Stock-Based Compensation	1.04M	10.33M	8.94M	73.11M	275.82M	477.29M	1.29B	1.06B	931.31M
Deferred Taxes	0	0	0	0	0	-327.96M	-160.96M	-116.68M	-90.55M
Other Non-Cash Items	3.47M	9.85M	22.83M	49.29M	174.33M	218.56M	392.28M	171.06M	98.63M
Working Capital Changes	3.65M	288K	4.97M	-12.26M	319.85M	-186.45M	-412.84M	-254.62M	-126.95M
Change in Receivables	-5.88M	-16.56M	-41.04M	-64.72M	-219.04M	-159.18M	-231.84M	53.27M	26.64M
Change in Inventory	0	0	0	0	0	0	0	0	0
Change in Payables	537K	1.25M	832K	-2.03M	3.48M	-2.22M	11.61M	-4.42M	-3.13M
Cash from Investing+	-2.82M	-113.36M	-39.72M	-499.47M	-1.56B	-2.86B	-318.32M	-1.18B	-1.11B
Capital Expenditures	-4.82M	-9.74M	-28.43M	-38.08M	-79.97M	-132.59M	-103.83M	-126.95M	-136.56M
CapEx % of Revenue	0.08%	0.06%	0.09%	0.06%	0.03%	0.03%	0.02%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	2M	0	-2.02M	-1.71M	-4.18M	-13.02M	-11.27M	0	0
Cash from Financing+	100.27M	-4M	17.53M	615.69M	2.05B	34.07M	-936.94M	60.19M	-1.03B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-939K	48.55M	4.09M	-39.67M	774K	-4.11M	7.17M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	4.54M	9.69M	20.88M	113.67M	1.39B	1.46B	1.18B	1.47B	1.81B
FCF Margin %	0.07%	0.06%	0.06%	0.18%	0.52%	0.36%	0.27%	0.33%	0.39%
FCF Growth %	-	1.14%	1.16%	4.44%	11.19%	0.05%	-0.19%	0.25%	0.23%
FCF per Share	0.02	0.04	0.08	0.45	4.65	4.77	3.86	4.77	5.74
FCF Conversion (FCF/Net Income)	-668.64x	-5.08x	6.77x	6.00x	2.19x	1.17x	12.44x	2.51x	1.93x
Interest Paid	0	0	0	0	0	0	0	0	0
Taxes Paid	15K	133K	214K	1.07M	3.18M	38.98M	309.08M	348.13M	395.4M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-0.01%	-7.33%	-	6.12%	28.64%	28.54%	1.73%	8.96%	11.92%
Return on Invested Capital (ROIC)	-	-	-	3.36%	42.12%	24.36%	3.67%	6.71%	8.6%
Gross Margin	79.49%	79.68%	81.54%	81.47%	69%	74.28%	74.95%	76.19%	75.79%
Net Margin	-0.02%	-2.52%	2.29%	4.06%	25.36%	33.55%	2.36%	14.08%	21.65%
Debt / Equity	-	-	-	0.09x	0.03x	0.02x	0.02x	0.01x	0.01x
FCF Conversion	-668.64x	-5.08x	6.77x	6.00x	2.19x	1.17x	12.44x	2.51x	1.93x
Revenue Growth	-	149.07%	118.19%	88.39%	325.81%	54.63%	7.15%	3.06%	3.05%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024	2025
Reportable	-	-	-	-	-	-	-	-	4.67B
Reportable Growth	-	-	-	-	-	-	-	-	-
Unified Communications and Collaboration Platform	151.48M	330.52M	622.66M	2.65B	4.1B	4.39B	4.53B	-	-
Unified Communications and Collaboration Platform Growth	-	118.19%	88.39%	325.81%	54.63%	7.15%	3.06%	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024	2025
Americas	125.43M	270.13M	500.62M	500.62M	1.83B	2.73B	3.23B	3.23B	3.35B
Americas Growth	-	115.37%	85.32%	0.00%	265.88%	49.27%	18.09%	0.00%	3.79%
EMEA	12.4M	32.66M	70.88M	70.88M	486.83M	801.5M	726.71M	726.71M	742.7M
EMEA Growth	-	163.47%	117.00%	0.00%	586.80%	64.64%	-9.33%	0.00%	2.20%
Asia Pacific	13.65M	27.72M	51.15M	51.15M	332.84M	564.12M	571.6M	571.6M	571.44M
Asia Pacific Growth	-	103.05%	84.53%	0.00%	550.70%	69.48%	1.33%	0.00%	-0.03%

Frequently Asked Questions

Valuation & Price

Zoom Communications, Inc. (ZM) has a price-to-earnings (P/E) ratio of 25.4x. This suggests investors expect higher future growth.

Growth & Financials

Zoom Communications, Inc. (ZM) reported $4.81B in revenue for fiscal year 2025. This represents a 7802% increase from $60.8M in 2017.

Zoom Communications, Inc. (ZM) grew revenue by 3.1% over the past year. Growth has been modest.

Yes, Zoom Communications, Inc. (ZM) is profitable, generating $1.59B in net income for fiscal year 2025 (21.7% net margin).

Dividend & Returns

Zoom Communications, Inc. (ZM) has a return on equity (ROE) of 11.9%. This is reasonable for most industries.

Zoom Communications, Inc. (ZM) generated $2.00B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Zoom Communications, Inc. (ZM) 10-Year Financial Performance & Capital Metrics

ZM • • Industrial / General

TechnologyApplication SoftwareDigital Media & Entertainment SoftwareStreaming & Content Delivery

Revenue $4.67B +3.1%
EBITDA $936M +48.6%
Net Income $1.01B +58.5%
EPS (Diluted) 3.21 +55.1%
Gross Margin 75.79% -0.5%
EBITDA Margin 20.06% +44.2%
Operating Margin 17.43% +50.2%
Net Margin 21.65% +53.8%
ROE 11.92% +33.0%
ROIC 8.6% +28.3%
Debt/Equity 0.01 -20.7%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Company is almost debt free
✓Strong 5Y profit CAGR of 109.0%
✓FCF machine: 38.8% free cash flow margin
✓High quality earnings: Operating CF exceeds net income
✓Strong 5Y sales CAGR of 49.6%
✓Healthy 5Y average net margin of 19.4%

✗Weaknesses

No significant weaknesses identified

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y49.6%

3Y4.4%

TTM3.85%

Profit (Net Income) CAGR

10Y-

5Y109.05%

3Y-9.78%

TTM69.35%

EPS CAGR

10Y-

5Y106.49%

3Y-10.65%

TTM71.13%

ROCE

10Y Avg8.82%

5Y Avg13.66%

3Y Avg6.87%

Latest9.43%

Peer Comparison

Streaming & Content Delivery

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
SRADSportradar Group AG	4.31B	19.82	198.20	26.09%	7.72%	9.63%	2.91%	0.05
VMEOVimeo, Inc.	1.24B	7.85	49.06	-0.05%	1%	1.05%	4.57%	0.03
ZMZoom Communications, Inc.	21.65B	81.52	25.40	3.05%	33.17%	17.16%	8.35%	0.01
YALAYalla Group Limited	900.4M	6.78	9.16	6.52%	42.29%	18.98%	19.1%	0.00
AUUDAuddia Inc.	3.13M	1.01	-0.02			-189.89%		0.02
OBLGOblong, Inc.	6.86M	2.14	-0.14	-37.59%	-187.17%	-45.31%
GITSGlobal Interactive Technologies, Inc.	2.72M	0.74	-0.32			-100.31%		0.06
VSVersus Systems Inc.	6.18M	1.26	-0.57	-77.08%	-57.95%	-40.44%

Profit & Loss

	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	60.82M	151.48M	330.52M	622.66M	2.65B	4.1B	4.39B	4.53B	4.67B
Revenue Growth %	-	1.49%	1.18%	0.88%	3.26%	0.55%	0.07%	0.03%	0.03%
Cost of Goods Sold+	12.47M	30.78M	61M	115.4M	821.99M	1.05B	1.1B	1.08B	1.13B
COGS % of Revenue	0.21%	0.2%	0.18%	0.19%	0.31%	0.26%	0.25%	0.24%	0.24%
Gross Profit+	48.34M	120.7M	269.52M	507.26M	1.83B	3.05B	3.29B	3.45B	3.54B
Gross Margin %	0.79%	0.8%	0.82%	0.81%	0.69%	0.74%	0.75%	0.76%	0.76%
Gross Profit Growth %	-	1.5%	1.23%	0.88%	2.61%	0.66%	0.08%	0.05%	0.03%
Operating Expenses+	48.34M	125.53M	263.35M	494.57M	1.17B	1.98B	3.05B	2.92B	2.72B
OpEx % of Revenue	0.79%	0.83%	0.8%	0.79%	0.44%	0.48%	0.69%	0.65%	0.58%
Selling, General & Admin	39.13M	109.8M	230.34M	427.49M	1.01B	1.62B	2.27B	2.12B	1.87B
SG&A % of Revenue	0.64%	0.72%	0.7%	0.69%	0.38%	0.39%	0.52%	0.47%	0.4%
Research & Development	9.22M	15.73M	33.01M	67.08M	164.08M	362.99M	774.06M	803.19M	852.41M
R&D % of Revenue	0.15%	0.1%	0.1%	0.11%	0.06%	0.09%	0.18%	0.18%	0.18%
Other Operating Expenses	60K	74K	345K	0	0	-5.72M	0	0	0
Operating Income+	0	-4.83M	6.17M	12.7M	659.85M	1.06B	245.43M	525.28M	813.29M
Operating Margin %	-	-0.03%	0.02%	0.02%	0.25%	0.26%	0.06%	0.12%	0.17%
Operating Income Growth %	-	-	2.28%	1.06%	50.97%	0.61%	-0.77%	1.14%	0.55%
EBITDA+	1.22M	-2.05M	13.18M	29.14M	688.71M	1.11B	327.75M	629.73M	935.93M
EBITDA Margin %	0.02%	-0.01%	0.04%	0.05%	0.26%	0.27%	0.07%	0.14%	0.2%
EBITDA Growth %	-	-2.68%	7.44%	1.21%	22.63%	0.61%	-0.71%	0.92%	0.49%
D&A (Non-Cash Add-back)	1.22M	2.79M	7.01M	16.45M	28.86M	48.19M	82.32M	104.45M	122.63M
EBIT	0	-4.83M	6.17M	12.7M	659.85M	1.06B	245.43M	525.28M	813.29M
Net Interest Income+	98K	1.31M	2.18M	13.67M	18.19M	0	0	0	0
Interest Income	98K	1.31M	2.18M	13.67M	18.19M	0	0	0	0
Interest Expense	0	0	0	0	0	0	0	0	0
Other Income/Expense	158K	1.31M	2.18M	13.67M	18.19M	38.04M	3.85M	307.03M	502.29M
Pretax Income+	158K	-3.52M	8.35M	26.36M	678.03M	1.1B	249.28M	832.31M	1.32B
Pretax Margin %	0%	-0.02%	0.03%	0.04%	0.26%	0.27%	0.06%	0.18%	0.28%
Income Tax+	172K	304K	765K	1.06M	5.72M	-274.01M	145.56M	194.85M	305.35M
Effective Tax Rate %	-0.09%	1.09%	0.91%	0.96%	0.99%	1.25%	0.42%	0.77%	0.77%
Net Income+	-14K	-3.82M	7.58M	25.3M	672.32M	1.38B	103.71M	637.46M	1.01B
Net Margin %	-0%	-0.03%	0.02%	0.04%	0.25%	0.34%	0.02%	0.14%	0.22%
Net Income Growth %	-	-272%	2.98%	2.34%	25.57%	1.05%	-0.92%	5.15%	0.58%
Net Income (Continuing)	-14K	-3.82M	7.58M	25.3M	672.32M	1.38B	103.71M	637.46M	1.01B
Discontinued Operations	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.00	-0.01	0.03	0.09	2.25	4.50	0.34	2.07	3.21
EPS Growth %	-	-	2.99%	2.03%	25.32%	1%	-0.92%	5.09%	0.55%
EPS (Basic)	-0.00	-0.02	0.03	0.09	2.37	4.64	0.35	2.12	3.28
Diluted Shares Outstanding	268.8M	268.8M	268.8M	254.3M	298.13M	305.83M	304.23M	308.52M	315.07M
Basic Shares Outstanding	237.28M	237.28M	268.8M	233.64M	283.85M	296.33M	296.56M	300.75M	307.98M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-

Balance Sheet

	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	151.88M	183.16M	276.72M	1.1B	4.79B	6.18B	6.36B	7.93B	8.68B
Cash & Short-Term Investments	134.32M	139.2M	176.4M	855.19M	4.24B	5.42B	5.41B	6.96B	7.79B
Cash Only	134.32M	36.15M	63.62M	283.13M	2.24B	1.06B	1.09B	1.56B	1.35B
Short-Term Investments	0	103.06M	112.78M	572.06M	2B	4.36B	4.33B	5.4B	6.44B
Accounts Receivable	9.88M	24.53M	63.61M	120.44M	294.7M	419.67M	557.4M	536.08M	495.23M
Days Sales Outstanding	59.32	59.1	70.25	70.6	40.57	37.36	46.31	43.22	38.74
Inventory	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-
Other Current Assets	5.51M	13.89M	27.44M	97.57M	192.75M	232.2M	262.85M	239.4M	222.11M
Total Non-Current Assets+	12.92M	31.86M	77.85M	194.32M	505.13M	1.37B	1.77B	2B	2.31B
Property, Plant & Equipment	5.66M	13.03M	37.27M	125.75M	247.57M	318.32M	333.73M	352.68M	386.38M
Fixed Asset Turnover	10.75x	11.62x	8.87x	4.95x	10.71x	12.88x	13.16x	12.84x	12.07x
Goodwill	0	0	0	0	24.34M	27.61M	122.64M	307.3M	307.3M
Intangible Assets	0	0	0	2.16M	0	23.99M	56.66M	72.17M	58.65M
Long-Term Investments	0	0	0	3M	18.67M	367.81M	398.99M	409.22M	591.48M
Other Non-Current Assets	7.26M	18.82M	40.57M	63.42M	213.03M	247.48M	301.21M	200.03M	218.89M
Total Assets+	164.8M	215.02M	354.56M	1.29B	5.3B	7.55B	8.13B	9.93B	10.99B
Asset Turnover	0.37x	0.70x	0.93x	0.48x	0.50x	0.54x	0.54x	0.46x	0.42x
Asset Growth %	-	0.3%	0.65%	2.64%	3.11%	0.43%	0.08%	0.22%	0.11%
Total Current Liabilities+	28.87M	68.53M	152.34M	333.83M	1.26B	1.58B	1.74B	1.76B	1.9B
Accounts Payable	1.48M	2.72M	4.96M	1.6M	8.66M	7.84M	14.41M	10.18M	8.35M
Days Payables Outstanding	43.17	32.29	29.7	5.05	3.85	2.71	4.78	3.45	2.7
Short-Term Debt	0	0	0	0	0	0	0	0	0
Deferred Revenue (Current)	0	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	22.96M	11.05M	18.66M	90.35M	176.32M	148.9M	160.8M	204.04M	223.24M
Current Ratio	5.26x	2.67x	1.82x	3.28x	3.80x	3.91x	3.66x	4.50x	4.56x
Quick Ratio	5.26x	2.67x	1.82x	3.28x	3.80x	3.91x	3.66x	4.50x	4.56x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	0	173.16M	209.66M	122.07M	177.26M	191.61M	182.81M	148.2M	150.04M
Long-Term Debt	0	0	14.86M	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	64.79M	90.42M	85.02M	73.69M	48.31M	37.41M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	0	169.25M	184.15M	36.29M	61.63M	68.11M	67.19M	81.38M	95.36M
Total Liabilities	28.87M	241.69M	362M	455.9M	1.44B	1.77B	1.92B	1.91B	2.05B
Total Debt+	0	0	14.86M	72.47M	106.02M	105.72M	96.48M	72.95M	64.43M
Net Debt	-134.32M	-36.15M	-48.77M	-210.67M	-2.13B	-957.11M	-990.35M	-1.49B	-1.28B
Debt / Equity	-	-	-	0.09x	0.03x	0.02x	0.02x	0.01x	0.01x
Debt / EBITDA	-	-	1.13x	2.49x	0.15x	0.10x	0.29x	0.12x	0.07x
Net Debt / EBITDA	-110.19x	-	-3.70x	-7.23x	-3.10x	-0.86x	-3.02x	-2.36x	-1.37x
Interest Coverage	-	-	-	-	-	-	-	-	-
Total Equity+	130.92M	-26.67M	-7.44M	833.94M	3.86B	5.78B	6.21B	8.02B	8.94B
Equity Growth %	-	-1.2%	0.72%	113.1%	3.63%	0.5%	0.07%	0.29%	0.11%
Book Value per Share	0.49	-0.10	-0.03	3.28	12.95	18.90	20.40	25.99	28.36
Total Shareholders' Equity	130.92M	-26.67M	-7.44M	833.94M	3.86B	5.78B	6.21B	8.02B	8.94B
Common Stock	77K	80K	89K	277K	292K	299K	294K	307K	305K
Retained Earnings	-28.91M	-32.74M	-25.15M	152K	672.47M	2.05B	2.15B	2.79B	3.8B
Treasury Stock	0	0	0	0	0	0	0	0	0
Accumulated OCI	0	-531K	-135K	809K	839K	-17.9M	-50.38M	1.06M	4.99M
Minority Interest	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	9.36M	19.43M	51.33M	151.89M	1.47B	1.61B	1.29B	1.6B	1.95B
Operating CF Margin %	0.15%	0.13%	0.16%	0.24%	0.55%	0.39%	0.29%	0.35%	0.42%
Operating CF Growth %	-	1.08%	1.64%	1.96%	8.69%	0.09%	-0.2%	0.24%	0.22%
Net Income	-14K	-3.82M	7.58M	25.3M	672.32M	1.38B	103.71M	637.46M	1.01B
Depreciation & Amortization	1.22M	2.79M	7.01M	16.45M	28.86M	48.19M	82.32M	104.45M	122.63M
Stock-Based Compensation	1.04M	10.33M	8.94M	73.11M	275.82M	477.29M	1.29B	1.06B	931.31M
Deferred Taxes	0	0	0	0	0	-327.96M	-160.96M	-116.68M	-90.55M
Other Non-Cash Items	3.47M	9.85M	22.83M	49.29M	174.33M	218.56M	392.28M	171.06M	98.63M
Working Capital Changes	3.65M	288K	4.97M	-12.26M	319.85M	-186.45M	-412.84M	-254.62M	-126.95M
Change in Receivables	-5.88M	-16.56M	-41.04M	-64.72M	-219.04M	-159.18M	-231.84M	53.27M	26.64M
Change in Inventory	0	0	0	0	0	0	0	0	0
Change in Payables	537K	1.25M	832K	-2.03M	3.48M	-2.22M	11.61M	-4.42M	-3.13M
Cash from Investing+	-2.82M	-113.36M	-39.72M	-499.47M	-1.56B	-2.86B	-318.32M	-1.18B	-1.11B
Capital Expenditures	-4.82M	-9.74M	-28.43M	-38.08M	-79.97M	-132.59M	-103.83M	-126.95M	-136.56M
CapEx % of Revenue	0.08%	0.06%	0.09%	0.06%	0.03%	0.03%	0.02%	0.03%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-
Other Investing	2M	0	-2.02M	-1.71M	-4.18M	-13.02M	-11.27M	0	0
Cash from Financing+	100.27M	-4M	17.53M	615.69M	2.05B	34.07M	-936.94M	60.19M	-1.03B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-
Other Financing	0	0	-939K	48.55M	4.09M	-39.67M	774K	-4.11M	7.17M
Net Change in Cash	-	-	-	-	-	-	-	-	-
Free Cash Flow+	4.54M	9.69M	20.88M	113.67M	1.39B	1.46B	1.18B	1.47B	1.81B
FCF Margin %	0.07%	0.06%	0.06%	0.18%	0.52%	0.36%	0.27%	0.33%	0.39%
FCF Growth %	-	1.14%	1.16%	4.44%	11.19%	0.05%	-0.19%	0.25%	0.23%
FCF per Share	0.02	0.04	0.08	0.45	4.65	4.77	3.86	4.77	5.74
FCF Conversion (FCF/Net Income)	-668.64x	-5.08x	6.77x	6.00x	2.19x	1.17x	12.44x	2.51x	1.93x
Interest Paid	0	0	0	0	0	0	0	0	0
Taxes Paid	15K	133K	214K	1.07M	3.18M	38.98M	309.08M	348.13M	395.4M

Key Ratios

Metric	2017	2018	2019	2020	2021	2022	2023	2024	2025
Return on Equity (ROE)	-0.01%	-7.33%	-	6.12%	28.64%	28.54%	1.73%	8.96%	11.92%
Return on Invested Capital (ROIC)	-	-	-	3.36%	42.12%	24.36%	3.67%	6.71%	8.6%
Gross Margin	79.49%	79.68%	81.54%	81.47%	69%	74.28%	74.95%	76.19%	75.79%
Net Margin	-0.02%	-2.52%	2.29%	4.06%	25.36%	33.55%	2.36%	14.08%	21.65%
Debt / Equity	-	-	-	0.09x	0.03x	0.02x	0.02x	0.01x	0.01x
FCF Conversion	-668.64x	-5.08x	6.77x	6.00x	2.19x	1.17x	12.44x	2.51x	1.93x
Revenue Growth	-	149.07%	118.19%	88.39%	325.81%	54.63%	7.15%	3.06%	3.05%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024	2025
Reportable	-	-	-	-	-	-	-	-	4.67B
Reportable Growth	-	-	-	-	-	-	-	-	-
Unified Communications and Collaboration Platform	151.48M	330.52M	622.66M	2.65B	4.1B	4.39B	4.53B	-	-
Unified Communications and Collaboration Platform Growth	-	118.19%	88.39%	325.81%	54.63%	7.15%	3.06%	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024	2025
Americas	125.43M	270.13M	500.62M	500.62M	1.83B	2.73B	3.23B	3.23B	3.35B
Americas Growth	-	115.37%	85.32%	0.00%	265.88%	49.27%	18.09%	0.00%	3.79%
EMEA	12.4M	32.66M	70.88M	70.88M	486.83M	801.5M	726.71M	726.71M	742.7M
EMEA Growth	-	163.47%	117.00%	0.00%	586.80%	64.64%	-9.33%	0.00%	2.20%
Asia Pacific	13.65M	27.72M	51.15M	51.15M	332.84M	564.12M	571.6M	571.6M	571.44M
Asia Pacific Growth	-	103.05%	84.53%	0.00%	550.70%	69.48%	1.33%	0.00%	-0.03%

Frequently Asked Questions

Valuation & Price

Zoom Communications, Inc. (ZM) has a price-to-earnings (P/E) ratio of 25.4x. This suggests investors expect higher future growth.

Growth & Financials

Zoom Communications, Inc. (ZM) reported $4.81B in revenue for fiscal year 2025. This represents a 7802% increase from $60.8M in 2017.

Zoom Communications, Inc. (ZM) grew revenue by 3.1% over the past year. Growth has been modest.

Yes, Zoom Communications, Inc. (ZM) is profitable, generating $1.59B in net income for fiscal year 2025 (21.7% net margin).

Dividend & Returns

Zoom Communications, Inc. (ZM) has a return on equity (ROE) of 11.9%. This is reasonable for most industries.

Zoom Communications, Inc. (ZM) generated $2.00B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.