8-K Announcements
6Apr 2, 2026·SEC
Feb 25, 2026·SEC
Nov 24, 2025·SEC
Zoom Communications, Inc. (ZM) fundamental analysis — strengths, weaknesses & financial health based on data analysis
No significant weaknesses identified
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Zoom Communications, Inc. (ZM) stock price & volume — 10-year historical chart
Zoom Communications, Inc. (ZM) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Zoom Communications, Inc. (ZM) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 25, 2026 | $1.44vs $1.49-3.4% | $1.2Bvs $1.2B+1.0% |
| Q4 2025 | Nov 24, 2025 | $1.52vs $1.44+5.6% | $1.2Bvs $1.2B+1.3% |
| Q3 2025 | Aug 21, 2025 | $1.53vs $1.38+10.9% | $1.2Bvs $1.2B+1.6% |
| Q2 2025 | May 21, 2025 | $1.43vs $1.31+9.2% | $1.2Bvs $1.2B+0.7% |
Zoom Communications, Inc. (ZM) competitors in Communications and contact center software — business model, growth, and fundamentals comparison
Zoom Communications, Inc. (ZM) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Zoom Communications, Inc. (ZM) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 151.48M | 330.52M | 622.66M | 2.65B | 4.1B | 4.39B | 4.53B | 4.67B | 4.87B |
| Revenue Growth % | 149.07% | 118.19% | 88.39% | 325.81% | 54.63% | 7.15% | 3.06% | 3.05% | 4.36% |
| Cost of Goods Sold | 30.78M | 61M | 115.4M | 821.99M | 1.05B | 1.1B | 1.08B | 1.13B | 1.12B |
| COGS % of Revenue | 20.32% | 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 Expenses | 125.53M | 263.35M | 494.57M | 1.17B | 1.98B | 3.05B | 2.92B | 2.72B | 2.63B |
| OpEx % of Revenue | 82.87% | 79.68% | 79.43% | 44.11% | 48.34% | 69.36% | 64.59% | 58.35% | 53.94% |
| Selling, General & Admin | 109.8M | 230.34M | 427.49M | 1.01B | 1.62B | 2.27B | 2.12B | 1.87B | 1.78B |
| SG&A % of Revenue | 72.48% | 69.69% | 68.66% | 37.92% | 39.48% | 51.74% | 46.85% | 40.08% | 36.58% |
| Research & Development | 15.73M | 33.01M | 67.08M | 164.08M | 362.99M | 774.06M | 803.19M | 852.41M | 844.88M |
| R&D % of Revenue | 10.39% | 9.99% | 10.77% | 6.19% | 8.85% | 17.62% | 17.74% | 18.27% | 17.35% |
| Other Operating Expenses | 74K | 345K | 0 | 0 | -5.72M | 0 | 0 | 0 | 0 |
| 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 | -2.05M | 13.18M | 29.14M | 688.71M | 1.11B | 327.75M | 629.73M | 935.93M | 1.26B |
| 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) | 2.79M | 7.01M | 16.45M | 28.86M | 48.19M | 82.32M | 104.45M | 122.63M | 132.83M |
| EBIT | -4.83M | 6.17M | 12.7M | 659.85M | 1.06B | 245.43M | 525.28M | 813.29M | 1.12B |
| Net Interest Income | 1.31M | 2.18M | 13.67M | 18.19M | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 1.31M | 2.18M | 13.67M | 18.19M | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 1.31M | 2.18M | 13.67M | 18.19M | 38.04M | 3.85M | 307.03M | 502.29M | 1.3B |
| 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 Tax | 304K | 765K | 1.06M | 5.72M | -274.01M | 145.56M | 194.85M | 305.35M | 522.14M |
| 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) | -3.82M | 7.58M | 25.3M | 672.32M | 1.38B | 103.71M | 637.46M | 1.01B | 1.9B |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.01▲ 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) | -0.02 | 0.03 | 0.09 | 2.37 | 4.64 | 0.35 | 2.12 | 3.28 | 6.32 |
| Diluted Shares Outstanding | 268.8M | 268.8M | 254.3M | 298.13M | 305.83M | 304.23M | 308.52M | 315.07M | 307.33M |
| Basic Shares Outstanding | 237.28M | 268.8M | 233.64M | 283.85M | 296.33M | 296.56M | 300.75M | 307.98M | 300.5M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Zoom Communications, Inc. (ZM) balance sheet — assets, liabilities & shareholders' equity
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 183.16M | 276.72M | 1.1B | 4.79B | 6.18B | 6.36B | 7.93B | 8.68B | 8.66B |
| Cash & Short-Term Investments | 139.2M | 176.4M | 855.19M | 4.24B | 5.42B | 5.41B | 6.96B | 7.79B | 7.82B |
| Cash Only | 36.15M | 63.62M | 283.13M | 2.24B | 1.06B | 1.09B | 1.56B | 1.35B | 1.27B |
| Short-Term Investments | 103.06M | 112.78M | 572.06M | 2B | 4.36B | 4.33B | 5.4B | 6.44B | 6.54B |
| Accounts Receivable | 24.53M | 63.61M | 120.44M | 294.7M | 419.67M | 557.4M | 536.08M | 495.23M | 497.34M |
| Days Sales Outstanding | 59.1 | 70.25 | 70.6 | 40.57 | 37.36 | 46.31 | 43.22 | 38.74 | 37.28 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - | - |
| Other Current Assets | 13.89M | 27.44M | 97.57M | 192.75M | 232.2M | 262.85M | 239.4M | 222.11M | 343.71M |
| Total Non-Current Assets | 31.86M | 77.85M | 194.32M | 505.13M | 1.37B | 1.77B | 2B | 2.31B | 3.3B |
| Property, Plant & Equipment | 13.03M | 37.27M | 125.75M | 247.57M | 318.32M | 333.73M | 352.68M | 386.38M | 316.95M |
| Fixed Asset Turnover | 11.62x | 8.87x | 4.95x | 10.71x | 12.88x | 13.16x | 12.84x | 12.07x | 15.36x |
| Goodwill | 0 | 0 | 0 | 24.34M | 27.61M | 122.64M | 307.3M | 307.3M | 400.39M |
| Intangible Assets | 0 | 0 | 2.16M | 0 | 23.99M | 56.66M | 72.17M | 58.65M | 0 |
| Long-Term Investments | 0 | 0 | 3M | 18.67M | 367.81M | 398.99M | 409.22M | 591.48M | 1.58B |
| Other Non-Current Assets | 18.82M | 40.57M | 63.42M | 213.03M | 247.48M | 301.21M | 200.03M | 218.89M | 359.87M |
| 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 Turnover | 0.70x | 0.93x | 0.48x | 0.50x | 0.54x | 0.54x | 0.46x | 0.42x | 0.41x |
| Asset Growth % | 30.48% | 64.9% | 263.78% | 310.75% | 42.53% | 7.64% | 22.17% | 10.66% | 8.85% |
| Total Current Liabilities | 68.53M | 152.34M | 333.83M | 1.26B | 1.58B | 1.74B | 1.76B | 1.9B | 2B |
| Accounts Payable | 2.72M | 4.96M | 1.6M | 8.66M | 7.84M | 14.41M | 10.18M | 8.35M | 6.27M |
| Days Payables Outstanding | 32.29 | 29.7 | 5.05 | 3.85 | 2.71 | 4.78 | 3.45 | 2.7 | 2.04 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue (Current) | 50.35M | 115.12M | 212.96M | 871.33M | 1.16B | 1.3B | 1.29B | 1.38B | 1.41B |
| Other Current Liabilities | 11.05M | 18.66M | 90.35M | 176.32M | 148.9M | 160.8M | 204.04M | 223.24M | 581.77M |
| Current Ratio | 2.67x | 1.82x | 3.28x | 3.80x | 3.91x | 3.66x | 4.50x | 4.56x | 4.33x |
| Quick Ratio | 2.67x | 1.82x | 3.28x | 3.80x | 3.91x | 3.66x | 4.50x | 4.56x | 4.33x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 173.16M | 209.66M | 122.07M | 177.26M | 191.61M | 182.81M | 148.2M | 150.04M | 152.97M |
| Long-Term Debt | 0 | 14.86M | 0 | 0 | 0 | 0 | 0 | 0 | 30.71M |
| Capital Lease Obligations | 0 | 0 | 64.79M | 90.42M | 85.02M | 73.69M | 48.31M | 37.41M | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 169.25M | 184.15M | 36.29M | 61.63M | 68.11M | 67.19M | 81.38M | 95.36M | 122.26M |
| Total Liabilities | 241.69M | 362M | 455.9M | 1.44B | 1.77B | 1.92B | 1.91B | 2.05B | 2.15B |
| Total Debt | 0 | 14.86M | 72.47M | 106.02M | 105.72M | 96.48M | 72.95M | 64.43M | 30.71M |
| Net Debt | -36.15M | -48.77M | -210.67M | -2.13B | -957.11M | -990.35M | -1.49B | -1.28B | -1.24B |
| Debt / Equity | - | - | 0.09x | 0.03x | 0.02x | 0.02x | 0.01x | 0.01x | 0.00x |
| Debt / EBITDA | - | 1.13x | 2.49x | 0.15x | 0.10x | 0.29x | 0.12x | 0.07x | 0.02x |
| 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 | -0.03 | 3.28 | 12.95 | 18.90 | 20.40 | 25.99 | 28.36 | 31.91 |
| Total Shareholders' Equity | -26.67M | -7.44M | 833.94M | 3.86B | 5.78B | 6.21B | 8.02B | 8.94B | 9.81B |
| Common Stock | 80K | 89K | 277K | 292K | 299K | 294K | 307K | 305K | 295K |
| Retained Earnings | -32.74M | -25.15M | 152K | 672.47M | 2.05B | 2.15B | 2.79B | 3.8B | 5.7B |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -531K | -135K | 809K | 839K | -17.9M | -50.38M | 1.06M | 4.99M | 8.54M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Zoom Communications, Inc. (ZM) cash flow — operating, investing & free cash flow history
| Line item | Jan'18 | Jan'19 | Jan'20 | Jan'21 | Jan'22 | Jan'23 | Jan'24 | Jan'25 | Jan'26 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 19.43M | 51.33M | 151.89M | 1.47B | 1.61B | 1.29B | 1.6B | 1.95B | 1.99B |
| 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 | -3.82M | 7.58M | 25.3M | 672.32M | 1.38B | 103.71M | 637.46M | 1.01B | 1.9B |
| Depreciation & Amortization | 2.79M | 7.01M | 16.45M | 28.86M | 48.19M | 82.32M | 104.45M | 122.63M | 416.21M |
| Stock-Based Compensation | 10.33M | 8.94M | 73.11M | 275.82M | 477.29M | 1.29B | 1.06B | 931.31M | 760.78M |
| Deferred Taxes | 0 | 0 | 0 | 0 | -327.96M | -160.96M | -116.68M | -90.55M | 105.03M |
| Other Non-Cash Items | 9.85M | 22.83M | 49.29M | 174.33M | 218.56M | 392.28M | 171.06M | 98.63M | -924.8M |
| Working Capital Changes | 288K | 4.97M | -12.26M | 319.85M | -186.45M | -412.84M | -254.62M | -126.95M | -268.33M |
| Change in Receivables | -16.56M | -41.04M | -64.72M | -219.04M | -159.18M | -231.84M | 53.27M | 26.64M | 2.82M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 1.25M | 832K | -2.03M | 3.48M | -2.22M | 11.61M | -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 Revenue | 6.43% | 8.6% | 6.12% | 3.02% | 3.23% | 2.36% | 2.8% | 2.93% | 1.33% |
| Acquisitions | 0 | 0 | 0 | -26.49M | -3.5M | -120.55M | -204.92M | 0 | -119.8M |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 0 | -2.02M | -1.71M | -4.18M | -13.02M | -11.27M | 0 | 0 | -500K |
| Cash from Financing | -4M | 17.53M | 615.69M | 2.05B | 34.07M | -936.94M | 60.19M | -1.03B | -1.81B |
| Debt Issued (Net) | -120K | 14.91M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | -1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | -1000K |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -4.61M | 0 | 0 | 0 | 0 | -1B | 0 | -1.09B | -1.62B |
| Other Financing | 0 | -939K | 48.55M | 4.09M | -39.67M | 774K | -4.11M | 7.17M | -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 Share | 0.04 | 0.08 | 0.45 | 4.65 | 4.77 | 3.86 | 4.77 | 5.74 | 6.26 |
| FCF Conversion (FCF/Net Income) | -5.08x | 6.77x | 6.00x | 2.19x | 1.17x | 12.44x | 2.51x | 1.93x | 1.05x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 133K | 214K | 1.07M | 3.18M | 38.98M | 309.08M | 348.13M | 395.4M | 0 |
Zoom Communications, Inc. (ZM) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 Margin | 79.49% | 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 | - | - | - | 0.09x | 0.03x | 0.02x | 0.02x | 0.01x | 0.01x | 0.00x |
| FCF Conversion | -668.64x | -5.08x | 6.77x | 6.00x | 2.19x | 1.17x | 12.44x | 2.51x | 1.93x | 1.05x |
| Revenue Growth | - | 149.07% | 118.19% | 88.39% | 325.81% | 54.63% | 7.15% | 3.06% | 3.05% | 4.36% |
Zoom Communications, Inc. (ZM) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 2, 2026·SEC
Feb 25, 2026·SEC
Nov 24, 2025·SEC
Zoom Communications, Inc. (ZM) stock FAQ — growth, dividends, profitability & financials explained
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).
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.
Zoom Communications, Inc. (ZM) financial analysis — history, returns, DCA and operating performance tools
Analyst verdict, bull/bear case, risk factors and peer comparison
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates