Last 32 quarters of trend data · Technology · Software - Application
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '27 | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 14.36 | 4.67 | 17.10 | 10.37 | 10.90 | 15.96 | 23.81 | 18.74 | 28.31 | 21.57 | 22.14 | 17.00 | 32.60 | 31.08 | 302.31 | — | 130.38 | 173.10 | 67.28 | 24.11 | 61.86 |
| — | -70.7% | -28.2% | -44.6% | -61.5% | -26.0% | +7.6% | +10.2% | -13.2% | -30.6% | -92.7% | — | -75.0% | -82.0% | +349.4% | — | +110.8% | +90.5% | -37.7% | -77.5% | -64.6% | |
| P/S Ratio | 5.35 | 5.64 | 5.89 | 5.60 | 5.47 | 4.69 | 5.16 | 5.81 | 4.99 | 4.08 | 4.22 | 4.42 | 4.09 | 4.93 | 4.23 | 4.91 | 5.72 | 7.25 | 7.11 | 11.02 | 19.99 |
| — | +20.4% | +14.0% | -3.7% | +9.8% | +14.9% | +22.3% | +31.6% | +21.8% | -17.2% | -0.1% | -10.1% | -28.4% | -32.1% | -40.6% | -55.4% | -71.4% | -74.4% | -72.1% | -65.2% | -54.9% | |
| P/B Ratio | 2.78 | 2.55 | 2.93 | 2.85 | 2.90 | 2.55 | 2.72 | 3.08 | 2.71 | 2.22 | 2.32 | 2.53 | 2.51 | 3.20 | 2.86 | 3.54 | 4.38 | 5.33 | 5.13 | 8.17 | 16.43 |
| — | -0.0% | +7.4% | -7.6% | +7.2% | +14.6% | +17.3% | +22.0% | +7.7% | -30.6% | -18.9% | -28.7% | -42.6% | -39.8% | -44.2% | -56.7% | -73.4% | -78.6% | -78.0% | -71.8% | -82.1% | |
| P/FCF | 13.53 | 15.25 | 14.57 | 20.62 | 10.96 | 11.24 | 13.09 | 16.54 | 12.83 | 12.99 | 8.46 | 15.22 | 10.27 | 19.39 | 11.77 | 30.08 | 23.75 | 34.77 | 15.33 | 63.74 | 57.53 |
| — | +35.7% | +11.3% | +24.7% | -14.6% | -13.4% | +54.8% | +8.7% | +24.9% | -33.0% | -28.2% | -49.4% | -56.8% | -44.2% | -23.2% | -52.8% | -58.7% | -45.3% | -71.5% | -14.2% | -35.7% | |
| EV / EBITDA | 19.75 | 17.37 | 22.82 | 23.60 | 18.78 | 15.31 | 20.84 | 25.27 | 25.89 | 18.89 | 18.99 | 23.96 | 21.90 | 25.95 | 131.17 | — | 68.54 | 54.45 | 36.11 | 43.70 | 68.22 |
| — | +13.4% | +9.5% | -6.6% | -27.5% | -18.9% | +9.7% | +5.5% | +18.2% | -27.2% | -85.5% | — | -68.0% | -52.3% | +263.3% | — | +0.5% | -41.3% | -64.4% | -57.7% | -60.3% | |
| EV / EBIT | 22.09 | 3.50 | 22.82 | 26.71 | 20.74 | 16.85 | 23.89 | 29.16 | 30.46 | 21.61 | 21.49 | 27.84 | 25.39 | 29.76 | 455.33 | — | 90.97 | 63.79 | 39.06 | 118.86 | 71.17 |
| — | -79.2% | -4.5% | -8.4% | -31.9% | -22.0% | +11.2% | +4.7% | +20.0% | -27.4% | -95.3% | — | -72.1% | -53.3% | +1065.9% | — | +27.8% | -34.0% | -63.2% | +11.0% | -60.1% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '27 | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.0% | 77.2% | 77.9% | 76.3% | 77.9% | 77.6% | 76.3% | 75.7% | 75.9% | 75.5% | 76.1% | 75.9% | 76.2% | 76.6% | 76.1% | 73.7% | 75.4% | 75.1% | 75.6% | 76.0% | 74.2% |
| — | -0.5% | +2.0% | +0.7% | +2.6% | +2.8% | +0.3% | -0.2% | -0.4% | -1.5% | -0.1% | +3.0% | +1.0% | +2.0% | +0.7% | -3.0% | +1.6% | +0.9% | +4.6% | +9.0% | +11.2% | |
| Operating Margin | 23.1% | 24.6% | 25.1% | 20.0% | 25.2% | 26.4% | 20.6% | 19.0% | 15.5% | 17.4% | 17.8% | 14.7% | 14.9% | 15.6% | 0.9% | -11.6% | 6.0% | 11.1% | 17.4% | 23.5% | 27.7% |
| — | -6.9% | +21.8% | +5.4% | +62.6% | +51.8% | +15.6% | +29.3% | +4.2% | +11.6% | +1918.6% | +226.5% | +146.9% | +40.9% | -94.9% | -149.4% | -78.2% | -61.6% | -26.4% | -19.0% | +11.9% | |
| Net Margin | 39.0% | 120.8% | 34.4% | 54.1% | 49.8% | 29.5% | 21.7% | 31.1% | 17.6% | 18.8% | 19.0% | 26.1% | 12.4% | 16.0% | 1.4% | -9.3% | 4.4% | 4.2% | 10.6% | 45.8% | 32.4% |
| — | +309.9% | +58.5% | +74.0% | +183.4% | +56.4% | +14.3% | +19.2% | +41.5% | +17.9% | +1256.6% | +380.0% | +183.1% | +284.1% | -86.8% | -120.3% | -86.5% | -86.6% | -55.5% | +55.1% | +26.7% |
| Metric | TTM | Q2 '27 | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 20.3% | 14.5% | 4.3% | 7.1% | 6.7% | 4.0% | 2.9% | 4.2% | 2.4% | 2.6% | 2.7% | 3.9% | 2.0% | 2.7% | 0.2% | -1.7% | 0.8% | 0.8% | 1.9% | 9.0% | 7.0% |
| — | +260.9% | +50.8% | +69.0% | +179.3% | +54.3% | +7.7% | +7.8% | +22.9% | -3.2% | +992.8% | +322.6% | +138.0% | +251.1% | -87.5% | -119.3% | -88.2% | -89.3% | -65.7% | -7.4% | -52.7% | |
| ROA | 16.6% | 12.0% | 3.5% | 5.8% | 5.5% | 3.3% | 2.3% | 3.4% | 2.0% | 2.1% | 2.1% | 3.1% | 1.5% | 2.1% | 0.2% | -1.3% | 0.6% | 0.6% | 1.5% | 6.8% | 5.0% |
| — | +267.5% | +52.1% | +70.0% | +179.5% | +54.9% | +8.5% | +9.3% | +26.2% | +1.0% | +1053.7% | +338.2% | +154.3% | +264.6% | -87.4% | -119.3% | -87.9% | -88.8% | -64.0% | +8.2% | -27.9% | |
| ROIC | 10.4% | 2.4% | 2.6% | 2.2% | 2.9% | 3.1% | 2.4% | 2.2% | 1.9% | 2.2% | 2.3% | 2.0% | 2.2% | 2.4% | 0.1% | -2.0% | 1.0% | 1.9% | 3.0% | 4.3% | 6.5% |
| — | -22.4% | +11.5% | +0.5% | +54.9% | +38.4% | +0.7% | +10.7% | -13.0% | -4.9% | +1629.3% | +203.3% | +115.6% | +26.5% | -95.4% | -145.0% | -84.5% | -76.5% | -61.0% | -71.0% | -69.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '27 | Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 |
| — | -12.0% | -12.6% | -17.3% | -32.0% | -19.3% | -15.5% | -20.7% | -28.3% | -38.6% | -41.5% | -41.5% | -38.3% | -25.1% | -17.9% | -15.0% | -8.9% | -24.1% | -30.7% | -33.4% | -59.4% | |
| Debt / EBITDA | 0.05 | 0.15 | 0.19 | 0.21 | 0.14 | 0.15 | 0.22 | 0.25 | 0.31 | 0.28 | 0.30 | 0.37 | 0.40 | 0.42 | 2.69 | — | 1.13 | 0.69 | 0.50 | 0.40 | 0.32 |
| — | -2.3% | -12.6% | -16.7% | -54.3% | -44.6% | -24.9% | -33.4% | -23.4% | -34.2% | -89.0% | — | -64.3% | -38.8% | +438.9% | — | +252.4% | +109.8% | +15.2% | +0.0% | -8.9% | |
| Current Ratio | 4.33 | 3.83 | 4.22 | 4.33 | 4.36 | 4.45 | 4.57 | 4.56 | 4.60 | 4.56 | 4.46 | 4.50 | 4.27 | 3.99 | 3.56 | 3.66 | 3.24 | 3.44 | 3.63 | 3.91 | 3.61 |
| — | -14.0% | -7.6% | -5.0% | -5.3% | -2.4% | +2.4% | +1.3% | +7.8% | +14.3% | +25.3% | +23.0% | +31.8% | +16.1% | -1.8% | -6.6% | -10.4% | -0.7% | +3.8% | +2.9% | +94.7% | |
| Quick Ratio | 4.33 | 3.83 | 4.22 | 4.33 | 4.36 | 4.45 | 4.57 | 4.56 | 4.60 | 4.56 | 4.46 | 4.50 | 4.27 | 3.99 | 3.56 | 3.66 | 3.24 | 3.44 | 3.63 | 3.91 | 3.61 |
| — | -14.0% | -7.6% | -5.0% | -5.3% | -2.4% | +2.4% | +1.3% | +7.8% | +14.3% | +25.3% | +23.0% | +31.8% | +16.1% | -1.8% | -6.6% | -10.4% | -0.7% | +3.8% | +2.9% | +94.7% | |
| Interest Coverage | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | 97.11 |
| — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 32 years · Updated daily
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Quick answers to the most common questions about buying ZM stock.
Zoom Communications, Inc.'s current P/E is 14.4x. The average P/E over the last 4 quarters is 10.8x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Zoom Communications, Inc.'s current operating margin is 23.1%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Zoom Communications, Inc.'s business trajectory between earnings reports.