Zoom Communications, Inc. (ZM) Revenue History
Annual and quarterly revenue from 2017 to present
ZM Revenue Over Time (2017–2026)
ZM Revenue Growth History
9 of 9 years with positive growth- FY2017 revenue growth
- N/A
- FY2018 revenue growth
- +149.1%
- FY2019 revenue growth
- +118.2%
- FY2020 revenue growth
- +88.4%
- FY2021 revenue growth
- +325.8%
- FY2022 revenue growth
- +54.6%
- FY2023 revenue growth
- +7.1%
- FY2024 revenue growth
- +3.1%
- FY2025 revenue growth
- +3.1%
- FY2026 revenue growth
- +4.4%
| Quarter | Revenue | YoY |
|---|---|---|
| Q1 2027 | $1.24B | +5.5% |
| Q4 2026 | $1.25B | +5.3% |
| Q3 2026 | $1.23B | +4.4% |
| Q2 2026 | $1.22B | +4.7% |
| Q1 2026 | $1.17B | +2.9% |
| Q4 2025 | $1.18B | +3.3% |
| Q3 2025 | $1.18B | +3.6% |
| Q2 2025 | $1.16B | +2.1% |
Multi-year avg. share of annual revenue by fiscal quarter
Revenue Breakdown (FY 2026)
ZM's revenue distribution by segment and geography for fiscal year 2026
By Product/Segment
By Geography
ZM Revenue Analysis (2017–2026)
Current Revenue & Growth
As of June 21, 2026, Zoom Communications, Inc. (ZM) generated trailing twelve-month (TTM) revenue of $4.93 billion, reflecting solid growth of +5.5% year-over-year. The most recent quarter (Q1 2027) recorded $1.24 billion in revenue, down 0.6% sequentially.
Historical Growth Trajectory
ZM's 5-year compound annual growth rate (CAGR) stands at +12.9%, indicating consistent double-digit revenue growth. The 3-year CAGR of +3.5% is below the 5-year average, signalling a growth deceleration in recent years. Zoom Communications, Inc.'s highest annual revenue of $4.87 billion was recorded in 2026, an all-time high.
Revenue by Segment
ZM's revenue is primarily driven by Reportable Segment (100%). With over half of revenue concentrated in Reportable Segment, the company has a focused business model while developing other growth vectors.
Peer Comparison
Compared to Technology sector peers — including MSFT (+17.9% YoY), GOOGL (+17.5% YoY), and CSCO (+9.2% YoY) — ZM has underperformed the peer group in revenue growth. Compare ZM vs MSFT →
ZM Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| ZMCurrent | $4.9B | +5.5% | +12.9% | 23.1% | |
 MSFT | $281.7B | +17.9% | +14.5% | 45.6% | |
 GOOGL | $403.0B | +17.5% | +17.2% | 32.1% | |
 CSCO | $56.7B | +9.2% | +2.8% | 20.8% | |
 RNG | $2.5B | +4.9% | +16.3% | 5.0% | |
 NICE | $2.9B | +8.5% | +12.3% | 21.9% |
ZM Historical Revenue Data (2017–2026)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2026 | $4.87B | +4.4% | $3.75B | 77.0% | $1.12B | 23.1% |
| 2025 | $4.67B | +3.1% | $3.54B | 75.8% | $813.3M | 17.4% |
| 2024 | $4.53B | +3.1% | $3.45B | 76.2% | $525.3M | 11.6% |
| 2023 | $4.39B | +7.1% | $3.29B | 74.9% | $245.4M | 5.6% |
| 2022 | $4.10B | +54.6% | $3.05B | 74.3% | $1.06B | 25.9% |
| 2021 | $2.65B | +325.8% | $1.83B | 69.0% | $659.8M | 24.9% |
| 2020 | $622.7M | +88.4% | $507.3M | 81.5% | $12.7M | 2.0% |
| 2019 | $330.5M | +118.2% | $269.5M | 81.5% | $6.2M | 1.9% |
| 2018 | $151.5M | +149.1% | $120.7M | 79.7% | $-4,833,000 | -3.2% |
| 2017 | $60.8M | - | $48.3M | 79.5% | $0 | - |
Full Stock Analysis
Deep dive into ZM consensus models and risk factors.
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Historical Returns
9+ years return with dividends reinvested.
DCA Calculator
See how regular investing compounds over time.
Peer Comparison
Compare growth, multiples, and margins vs sector.
ZM — Frequently Asked Questions
Quick answers to the most common questions about buying ZM stock.
Is ZM's revenue growth accelerating or slowing?
ZM revenue growth is holding steady at +5.5% year-over-year. TTM revenue is $4.9B. The current growth rate closely tracks the 5-year CAGR of +12.9%, signalling consistent execution.
What is ZM's revenue history from 2017 to 2026?
Zoom Communications, Inc. (ZM) revenue history spans 2017 to 2026. TTM revenue as of 2026 is $4.9B, growing at +5.5% YoY. The 5-year CAGR is +12.9%. Complete annual and quarterly revenue figures are available on this page, including gross profit, operating income, and margin trends.
What is ZM's long-term revenue growth rate (CAGR)?
Zoom Communications, Inc.'s 5-year revenue CAGR of +12.9% reflects the sustained nature of its business expansion. As of 2026, the current YoY growth rate of +5.5% is in line with this long-term average. CAGR is the most reliable measure of sustained revenue momentum for ZM.
Why does ZM's quarterly revenue fluctuate?
ZM quarterly revenue can fluctuate significantly between periods. A quarter-over-quarter (QoQ) change does not always indicate a trend; comparing the same quarter year-over-year (YoY) is a more reliable signal for underlying growth. Zoom Communications, Inc.'s revenue data from 2017 to 2026 shows full historical quarterly detail on this page.
How is ZM's revenue distributed by segment?
ZM reports revenue broken down by product line and geographic region. The segment breakdown on this page shows which business units contribute the most to total revenue as of the latest fiscal year. Concentration in a single segment above 50% indicates category dependence, while a diversified mix signals more resilient revenue streams.
How does ZM's revenue compare to industry peers?
Zoom Communications, Inc. (ZM) with TTM revenue of $4.9B and +5.5% YoY growth can be benchmarked against sector peers using the comparison table on this page. Revenue growth relative to peers indicates market share gains or losses. The peer section shows TTM revenue, YoY growth, and operating margin for direct comparisons.