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ZM logoZoom Communications, Inc.(ZM)Earnings, Financials & Key Ratios

ZM•NASDAQ
$105.13
$32.31B mkt cap·17.0× P/E·Price updated May 6, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryCommunications and contact center software
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$4.87B+4.4%
  • EBITDA$1.26B+34.2%
  • Net Income$1.9B+88.1%
  • EPS (Diluted)6.18+92.5%
  • Gross Margin77.02%+1.6%
  • EBITDA Margin25.81%+28.6%
  • Operating Margin23.08%+32.4%
  • Net Margin39.03%+80.2%
  • ROE20.28%+70.1%
  • ROIC10.39%+20.8%
  • Debt/Equity0.00-56.6%
Analysis→Technical→

ZM Key Insights

Zoom Communications, Inc. (ZM) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong 5Y profit CAGR of 23.1%
  • ✓Strong Piotroski F-Score: 7/9
  • ✓FCF machine: 39.5% free cash flow margin
  • ✓Momentum leader: RS Rating 83 (top 17%)
  • ✓Strong 5Y sales CAGR of 12.9%

✗Weaknesses

No significant weaknesses identified

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

ZM Price & Volume

Zoom Communications, Inc. (ZM) stock price & volume — 10-year historical chart

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ZM Growth Metrics

Zoom Communications, Inc. (ZM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years12.92%
3 Years3.49%
TTM4.36%

Profit CAGR

10 Years-
5 Years23.1%
3 Years163.63%
TTM88.09%

EPS CAGR

10 Years-
5 Years22.39%
3 Years162.93%
TTM92.96%

Return on Capital

10 Years9.16%
5 Years10.73%
3 Years9.48%
Last Year11.8%

ZM Recent Earnings

Zoom Communications, Inc. (ZM) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 11/12 qtrs (92%)●Beat Revenue 12/12 qtrs (100%)
Q1 2026Latest
Feb 25, 2026
EPS
$1.44
Est $1.49
-3.4%
Revenue
$1.2B
Est $1.2B
+1.0%
Q4 2025
Nov 24, 2025
EPS
$1.52
Est $1.44
+5.6%
Revenue
$1.2B
Est $1.2B
+1.3%
Q3 2025
Aug 21, 2025
EPS
$1.53
Est $1.38
+10.9%
Revenue
$1.2B
Est $1.2B
+1.6%
Q2 2025
May 21, 2025
EPS
$1.43
Est $1.31
+9.2%
Revenue
$1.2B
Est $1.2B
+0.7%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 25, 2026
$1.44vs $1.49-3.4%
$1.2Bvs $1.2B+1.0%
Q4 2025Nov 24, 2025
$1.52vs $1.44+5.6%
$1.2Bvs $1.2B+1.3%
Q3 2025Aug 21, 2025
$1.53vs $1.38+10.9%
$1.2Bvs $1.2B+1.6%
Q2 2025May 21, 2025
$1.43vs $1.31+9.2%
$1.2Bvs $1.2B+0.7%
Based on last 12 quarters of dataView full earnings history →

ZM Peer Comparison

Zoom Communications, Inc. (ZM) competitors in Communications and contact center software — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
MSFT logoMSFTMicrosoft CorporationDirect Competitor3.07T413.8730.3414.93%39.34%33.13%0.33
GOOGL logoGOOGLAlphabet Inc.Direct Competitor4.81T397.8236.8015.13%37.91%38.98%0.14
CSCO logoCSCOCisco Systems, Inc.Direct Competitor362.87B91.6335.935.3%18.76%23.21%0.63
RNG logoRNGRingCentral, Inc.Direct Competitor4.09B45.7295.254.78%1.73%
NICE logoNICENICE Ltd.Direct Competitor5.85B96.8510.027.68%20.78%16.36%0.04
TWLO logoTWLOTwilio Inc.Product Competitor29B191.40911.4313.66%1.96%1.32%0.14
BAND logoBANDBandwidth Inc.Product Competitor1.49B46.45-108.020.71%1.96%4.04%1.75
EGHT logoEGHT8x8, Inc.Product Competitor337.09M2.42-11.52-1.87%-0.53%-2.7%3.36

Compare ZM vs Peers

Zoom Communications, Inc. (ZM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs MSFT

Most directly comparable listed peer for ZM.

Scale Benchmark

vs NVDA

Larger-name benchmark to compare ZM against a more recognizable public peer.

Peer Set

Compare Top 5

vs MSFT, GOOGL, CSCO, RNG

ZM Income Statement

Zoom Communications, Inc. (ZM) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemJan'18Jan'19Jan'20Jan'21Jan'22Jan'23Jan'24Jan'25Jan'26
Sales/Revenue151.48M330.52M622.66M2.65B4.1B4.39B4.53B4.67B4.87B
Revenue Growth %149.07%118.19%88.39%325.81%54.63%7.15%3.06%3.05%4.36%
Cost of Goods Sold30.78M61M115.4M821.99M1.05B1.1B1.08B1.13B1.12B
COGS % of Revenue20.32%18.46%18.53%31%25.72%25.05%23.81%24.21%22.98%
Gross Profit
120.7M▲ 0%
269.52M▲ 123.3%
507.26M▲ 88.2%
1.83B▲ 260.6%
3.05B▲ 66.5%
3.29B▲ 8.1%
3.45B▲ 4.8%
3.54B▲ 2.5%
3.75B▲ 6.1%
Gross Margin %79.68%81.54%81.47%69%74.28%74.95%76.19%75.79%77.02%
Gross Profit Growth %149.66%123.3%88.21%260.64%66.47%8.12%4.77%2.5%6.05%
Operating Expenses125.53M263.35M494.57M1.17B1.98B3.05B2.92B2.72B2.63B
OpEx % of Revenue82.87%79.68%79.43%44.11%48.34%69.36%64.59%58.35%53.94%
Selling, General & Admin109.8M230.34M427.49M1.01B1.62B2.27B2.12B1.87B1.78B
SG&A % of Revenue72.48%69.69%68.66%37.92%39.48%51.74%46.85%40.08%36.58%
Research & Development15.73M33.01M67.08M164.08M362.99M774.06M803.19M852.41M844.88M
R&D % of Revenue10.39%9.99%10.77%6.19%8.85%17.62%17.74%18.27%17.35%
Other Operating Expenses74K345K00-5.72M0000
Operating Income
-4.83M▲ 0%
6.17M▲ 227.6%
12.7M▲ 105.9%
659.85M▲ 5097.3%
1.06B▲ 61.2%
245.43M▼ 76.9%
525.28M▲ 114.0%
813.29M▲ 54.8%
1.12B▲ 38.2%
Operating Margin %-3.19%1.87%2.04%24.89%25.94%5.59%11.6%17.43%23.08%
Operating Income Growth %-227.6%105.87%5097.29%61.19%-76.92%114.02%54.83%38.16%
EBITDA-2.05M13.18M29.14M688.71M1.11B327.75M629.73M935.93M1.26B
EBITDA Margin %-1.35%3.99%4.68%25.98%27.12%7.46%13.91%20.06%25.81%
EBITDA Growth %-267.92%743.62%121.21%2263.03%61.43%-70.52%92.14%48.62%34.25%
D&A (Non-Cash Add-back)2.79M7.01M16.45M28.86M48.19M82.32M104.45M122.63M132.83M
EBIT-4.83M6.17M12.7M659.85M1.06B245.43M525.28M813.29M1.12B
Net Interest Income1.31M2.18M13.67M18.19M00000
Interest Income1.31M2.18M13.67M18.19M00000
Interest Expense000000000
Other Income/Expense1.31M2.18M13.67M18.19M38.04M3.85M307.03M502.29M1.3B
Pretax Income
-3.52M▲ 0%
8.35M▲ 337.3%
26.36M▲ 215.8%
678.03M▲ 2472.0%
1.1B▲ 62.5%
249.28M▼ 77.4%
832.31M▲ 233.9%
1.32B▲ 58.1%
2.42B▲ 84.1%
Pretax Margin %-2.32%2.53%4.23%25.57%26.87%5.67%18.38%28.2%49.75%
Income Tax304K765K1.06M5.72M-274.01M145.56M194.85M305.35M522.14M
Effective Tax Rate %-8.64%9.16%4.01%0.84%-24.87%58.4%23.41%23.21%21.56%
Net Income
-3.82M▲ 0%
7.58M▲ 298.4%
25.3M▲ 233.7%
672.32M▲ 2556.9%
1.38B▲ 104.6%
103.71M▼ 92.5%
637.46M▲ 514.7%
1.01B▲ 58.5%
1.9B▲ 88.1%
Net Margin %-2.52%2.29%4.06%25.36%33.55%2.36%14.08%21.65%39.03%
Net Income Growth %-27200%298.43%233.66%2556.85%104.61%-92.46%514.65%58.48%88.09%
Net Income (Continuing)-3.82M7.58M25.3M672.32M1.38B103.71M637.46M1.01B1.9B
Discontinued Operations000000000
Minority Interest000000000
EPS (Diluted)
-0.01▲ 0%
0.03▲ 298.6%
0.09▲ 203.2%
2.25▲ 2531.6%
4.50▲ 100.0%
0.34▼ 92.4%
2.07▲ 508.8%
3.21▲ 55.1%
6.18▲ 92.5%
EPS Growth %-298.59%203.19%2531.58%100%-92.44%508.82%55.07%92.52%
EPS (Basic)-0.020.030.092.374.640.352.123.286.32
Diluted Shares Outstanding268.8M268.8M254.3M298.13M305.83M304.23M308.52M315.07M307.33M
Basic Shares Outstanding237.28M268.8M233.64M283.85M296.33M296.56M300.75M307.98M300.5M
Dividend Payout Ratio---------

ZM Balance Sheet

Zoom Communications, Inc. (ZM) balance sheet — assets, liabilities & shareholders' equity

Line itemJan'18Jan'19Jan'20Jan'21Jan'22Jan'23Jan'24Jan'25Jan'26
Total Current Assets183.16M276.72M1.1B4.79B6.18B6.36B7.93B8.68B8.66B
Cash & Short-Term Investments139.2M176.4M855.19M4.24B5.42B5.41B6.96B7.79B7.82B
Cash Only36.15M63.62M283.13M2.24B1.06B1.09B1.56B1.35B1.27B
Short-Term Investments103.06M112.78M572.06M2B4.36B4.33B5.4B6.44B6.54B
Accounts Receivable24.53M63.61M120.44M294.7M419.67M557.4M536.08M495.23M497.34M
Days Sales Outstanding59.170.2570.640.5737.3646.3143.2238.7437.28
Inventory000000000
Days Inventory Outstanding---------
Other Current Assets13.89M27.44M97.57M192.75M232.2M262.85M239.4M222.11M343.71M
Total Non-Current Assets31.86M77.85M194.32M505.13M1.37B1.77B2B2.31B3.3B
Property, Plant & Equipment13.03M37.27M125.75M247.57M318.32M333.73M352.68M386.38M316.95M
Fixed Asset Turnover11.62x8.87x4.95x10.71x12.88x13.16x12.84x12.07x15.36x
Goodwill00024.34M27.61M122.64M307.3M307.3M400.39M
Intangible Assets002.16M023.99M56.66M72.17M58.65M0
Long-Term Investments003M18.67M367.81M398.99M409.22M591.48M1.58B
Other Non-Current Assets18.82M40.57M63.42M213.03M247.48M301.21M200.03M218.89M359.87M
Total Assets
215.02M▲ 0%
354.56M▲ 64.9%
1.29B▲ 263.8%
5.3B▲ 310.7%
7.55B▲ 42.5%
8.13B▲ 7.6%
9.93B▲ 22.2%
10.99B▲ 10.7%
11.96B▲ 8.8%
Asset Turnover0.70x0.93x0.48x0.50x0.54x0.54x0.46x0.42x0.41x
Asset Growth %30.48%64.9%263.78%310.75%42.53%7.64%22.17%10.66%8.85%
Total Current Liabilities68.53M152.34M333.83M1.26B1.58B1.74B1.76B1.9B2B
Accounts Payable2.72M4.96M1.6M8.66M7.84M14.41M10.18M8.35M6.27M
Days Payables Outstanding32.2929.75.053.852.714.783.452.72.04
Short-Term Debt000000000
Deferred Revenue (Current)50.35M115.12M212.96M871.33M1.16B1.3B1.29B1.38B1.41B
Other Current Liabilities11.05M18.66M90.35M176.32M148.9M160.8M204.04M223.24M581.77M
Current Ratio2.67x1.82x3.28x3.80x3.91x3.66x4.50x4.56x4.33x
Quick Ratio2.67x1.82x3.28x3.80x3.91x3.66x4.50x4.56x4.33x
Cash Conversion Cycle---------
Total Non-Current Liabilities173.16M209.66M122.07M177.26M191.61M182.81M148.2M150.04M152.97M
Long-Term Debt014.86M00000030.71M
Capital Lease Obligations0064.79M90.42M85.02M73.69M48.31M37.41M0
Deferred Tax Liabilities000000000
Other Non-Current Liabilities169.25M184.15M36.29M61.63M68.11M67.19M81.38M95.36M122.26M
Total Liabilities241.69M362M455.9M1.44B1.77B1.92B1.91B2.05B2.15B
Total Debt014.86M72.47M106.02M105.72M96.48M72.95M64.43M30.71M
Net Debt-36.15M-48.77M-210.67M-2.13B-957.11M-990.35M-1.49B-1.28B-1.24B
Debt / Equity--0.09x0.03x0.02x0.02x0.01x0.01x0.00x
Debt / EBITDA-1.13x2.49x0.15x0.10x0.29x0.12x0.07x0.02x
Net Debt / EBITDA--3.70x-7.23x-3.10x-0.86x-3.02x-2.36x-1.37x-0.99x
Interest Coverage---------
Total Equity
-26.67M▲ 0%
-7.44M▲ 72.1%
833.94M▲ 11310.4%
3.86B▲ 363.0%
5.78B▲ 49.7%
6.21B▲ 7.4%
8.02B▲ 29.2%
8.94B▲ 11.4%
9.81B▲ 9.8%
Equity Growth %-120.37%72.11%11310.42%362.95%49.71%7.38%29.21%11.42%9.77%
Book Value per Share-0.10-0.033.2812.9518.9020.4025.9928.3631.91
Total Shareholders' Equity-26.67M-7.44M833.94M3.86B5.78B6.21B8.02B8.94B9.81B
Common Stock80K89K277K292K299K294K307K305K295K
Retained Earnings-32.74M-25.15M152K672.47M2.05B2.15B2.79B3.8B5.7B
Treasury Stock000000000
Accumulated OCI-531K-135K809K839K-17.9M-50.38M1.06M4.99M8.54M
Minority Interest000000000

ZM Cash Flow Statement

Zoom Communications, Inc. (ZM) cash flow — operating, investing & free cash flow history

Line itemJan'18Jan'19Jan'20Jan'21Jan'22Jan'23Jan'24Jan'25Jan'26
Cash from Operations19.43M51.33M151.89M1.47B1.61B1.29B1.6B1.95B1.99B
Operating CF Margin %12.82%15.53%24.39%55.49%39.15%29.37%35.32%41.7%40.85%
Operating CF Growth %107.52%164.24%195.9%868.57%9.11%-19.62%23.92%21.67%2.25%
Net Income-3.82M7.58M25.3M672.32M1.38B103.71M637.46M1.01B1.9B
Depreciation & Amortization2.79M7.01M16.45M28.86M48.19M82.32M104.45M122.63M416.21M
Stock-Based Compensation10.33M8.94M73.11M275.82M477.29M1.29B1.06B931.31M760.78M
Deferred Taxes0000-327.96M-160.96M-116.68M-90.55M105.03M
Other Non-Cash Items9.85M22.83M49.29M174.33M218.56M392.28M171.06M98.63M-924.8M
Working Capital Changes288K4.97M-12.26M319.85M-186.45M-412.84M-254.62M-126.95M-268.33M
Change in Receivables-16.56M-41.04M-64.72M-219.04M-159.18M-231.84M53.27M26.64M2.82M
Change in Inventory000000000
Change in Payables1.25M832K-2.03M3.48M-2.22M11.61M-4.42M-3.13M-613K
Cash from Investing-113.36M-39.72M-499.47M-1.56B-2.86B-318.32M-1.18B-1.11B-278.9M
Capital Expenditures-9.74M-28.43M-38.08M-79.97M-132.59M-103.83M-126.95M-136.56M-64.96M
CapEx % of Revenue6.43%8.6%6.12%3.02%3.23%2.36%2.8%2.93%1.33%
Acquisitions000-26.49M-3.5M-120.55M-204.92M0-119.8M
Investments---------
Other Investing0-2.02M-1.71M-4.18M-13.02M-11.27M00-500K
Cash from Financing-4M17.53M615.69M2.05B34.07M-936.94M60.19M-1.03B-1.81B
Debt Issued (Net)-120K14.91M0000000
Equity Issued (Net)-1000K1000K1000K1000K1000K-1000K1000K-1000K-1000K
Dividends Paid000000000
Share Repurchases-4.61M0000-1B0-1.09B-1.62B
Other Financing0-939K48.55M4.09M-39.67M774K-4.11M7.17M-248.35M
Net Change in Cash
-97.93M▲ 0%
29.15M▲ 129.8%
268.11M▲ 819.9%
1.96B▲ 630.7%
-1.22B▼ 162.3%
26.89M▲ 102.2%
465.14M▲ 1629.8%
-203.96M▼ 143.9%
-88.54M▲ 56.6%
Free Cash Flow
9.69M▲ 0%
20.88M▲ 115.5%
113.67M▲ 444.3%
1.39B▲ 1118.8%
1.46B▲ 5.4%
1.18B▼ 19.5%
1.47B▲ 25.2%
1.81B▲ 22.9%
1.92B▲ 6.4%
FCF Margin %6.4%6.32%18.26%52.25%35.6%26.75%32.51%38.77%39.52%
FCF Growth %113.53%115.55%444.33%1118.79%5.36%-19.49%25.25%22.89%6.38%
FCF per Share0.040.080.454.654.773.864.775.746.26
FCF Conversion (FCF/Net Income)-5.08x6.77x6.00x2.19x1.17x12.44x2.51x1.93x1.05x
Interest Paid000000000
Taxes Paid133K214K1.07M3.18M38.98M309.08M348.13M395.4M0

ZM Key Ratios

Zoom Communications, Inc. (ZM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric2017201820192020202120222023202420252026
Return on Equity (ROE)-0.01%-7.33%-6.12%28.64%28.54%1.73%8.96%11.92%20.28%
Return on Invested Capital (ROIC)---3.36%42.12%24.36%3.67%6.71%8.6%10.39%
Gross Margin79.49%79.68%81.54%81.47%69%74.28%74.95%76.19%75.79%77.02%
Net Margin-0.02%-2.52%2.29%4.06%25.36%33.55%2.36%14.08%21.65%39.03%
Debt / Equity---0.09x0.03x0.02x0.02x0.01x0.01x0.00x
FCF Conversion-668.64x-5.08x6.77x6.00x2.19x1.17x12.44x2.51x1.93x1.05x
Revenue Growth-149.07%118.19%88.39%325.81%54.63%7.15%3.06%3.05%4.36%

ZM SEC Filings & Documents

Zoom Communications, Inc. (ZM) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 2, 2026·SEC

Material company update

Feb 25, 2026·SEC

Material company update

Nov 24, 2025·SEC

10-K Annual Reports

2
FY 2026

Feb 27, 2026·SEC

FY 2025

Feb 28, 2025·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 25, 2025·SEC

FY 2025

Aug 22, 2025·SEC

FY 2025

May 23, 2025·SEC

ZM Frequently Asked Questions

Zoom Communications, Inc. (ZM) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Zoom Communications, Inc. (ZM) reported $4.87B in revenue for fiscal year 2026. This represents a 7906% increase from $60.8M in 2017.

Zoom Communications, Inc. (ZM) grew revenue by 4.4% over the past year. Growth has been modest.

Yes, Zoom Communications, Inc. (ZM) is profitable, generating $1.90B in net income for fiscal year 2026 (39.0% net margin).

Dividend & Returns

Zoom Communications, Inc. (ZM) has a return on equity (ROE) of 20.3%. This is excellent, indicating efficient use of shareholder capital.

Zoom Communications, Inc. (ZM) generated $1.92B in free cash flow for fiscal year 2026. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

Explore More ZM

Zoom Communications, Inc. (ZM) financial analysis — history, returns, DCA and operating performance tools

Full ZM Stock Analysis

Analyst verdict, bull/bear case, risk factors and peer comparison

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Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

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Price History

Long-term charts & historical price data

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Revenue History

Sales growth patterns & revenue breakdown

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Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

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