Live Earnings Conference Call: Zoom Video Communications will host a live Q1 2026 earnings call on May 21, 2025 at 5:00PM ET. Get details.

Zoom Video Communications (ZM) Financials

$83.10 -0.21 (-0.25%)

As of 05/20/2025 04:00 PM Eastern

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Annual Income Statements for Zoom Video Communications

This table shows Zoom Video Communications' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020	2019	2018
Period end date	1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021	1/31/2020	1/31/2019	1/31/2018
Net Income / (Loss) Attributable to Common Shareholders	1,010	637	104	1,375	672	22	0.00	-8.23
Consolidated Net Income / (Loss)	1,010	637	104	1,376	672	25	7.58	-3.82
Net Income / (Loss) Continuing Operations	1,010	637	104	1,376	672	25	7.58	-3.82
Total Pre-Tax Income	1,316	832	249	1,102	678	26	8.35	-3.52
Total Operating Income	813	525	245	1,064	660	13	6.17	-4.83
Total Gross Profit	3,536	3,449	3,293	3,045	1,829	507	270	121
Total Revenue	4,665	4,527	4,393	4,100	2,651	623	331	151
Operating Revenue	4,665	4,527	4,393	4,100	2,651	623	331	151
Total Cost of Revenue	1,130	1,078	1,100	1,055	822	115	61	31
Operating Cost of Revenue	1,130	1,078	1,100	1,055	822	115	61	31
Total Operating Expenses	2,723	2,924	3,047	1,982	1,170	495	263	126
Selling, General & Admin Expense	443	580	576	483	321	87	45	27
Marketing Expense	1,427	1,541	1,697	1,136	685	341	186	83
Research & Development Expense	852	803	774	363	164	67	33	16
Total Other Income / (Expense), net	502	307	3.85	38	18	14	2.18	1.32
Interest & Investment Income	502	307	3.85	38	18	14	2.18	1.32
Income Tax Expense	305	195	146	-274	5.72	1.06	0.77	0.30
Net Income / (Loss) Attributable to Noncontrolling Interest	0.00	0.00	0.01	0.58	0.79	3.56	7.58	0.00
Basic Earnings per Share	$3.28	$2.12	$0.35	$4.64	$2.37	$0.09	$0.00	($0.11)
Weighted Average Basic Shares Outstanding	307.98M	300.75M	296.56M	296.33M	283.85M	233.64M	84.48M	78.12M
Diluted Earnings per Share	$3.21	$2.07	$0.34	$4.50	$2.25	$0.09	$0.00	($0.11)
Weighted Average Diluted Shares Outstanding	315.07M	308.52M	304.23M	305.83M	298.13M	254.30M	116.01M	78.12M
Weighted Average Basic & Diluted Shares Outstanding	305.23M	307.56M	293.84M	299.12M	293.71M	241.70M	0.00	-

This table shows Zoom Video Communications' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Income / (Loss) Attributable to Common Shareholders	368	207	219	216	299	141	182	15	-104	48	46
Consolidated Net Income / (Loss)	368	207	219	216	299	141	182	15	-104	48	46
Net Income / (Loss) Continuing Operations	368	207	219	216	299	141	182	15	-104	48	46
Total Pre-Tax Income	450	280	293	292	353	186	250	43	-40	55	90
Total Operating Income	225	183	202	203	169	169	178	9.74	-130	67	122
Total Gross Profit	897	894	877	868	870	866	872	841	823	831	826
Total Revenue	1,184	1,178	1,163	1,141	1,146	1,137	1,139	1,105	1,118	1,102	1,099
Operating Revenue	1,184	1,178	1,163	1,141	1,146	1,137	1,139	1,105	1,118	1,102	1,099
Total Cost of Revenue	287	284	285	273	276	271	267	264	294	271	274
Operating Cost of Revenue	287	284	285	273	276	271	267	264	294	271	274
Total Operating Expenses	672	711	675	665	702	696	694	832	953	765	704
Selling, General & Admin Expense	96	126	110	111	125	125	129	200	186	141	131
Marketing Expense	359	362	359	348	371	374	373	423	506	428	400
Research & Development Expense	217	223	207	206	205	197	192	209	261	196	173
Total Other Income / (Expense), net	225	98	91	89	184	16	73	33	90	-12	-31
Interest & Investment Income	225	98	91	89	184	16	73	33	90	-12	-31
Income Tax Expense	82	73	74	76	54	45	68	28	65	6.40	45
Basic Earnings per Share	$1.20	$0.67	$0.71	$0.70	$0.99	$0.47	$0.61	$0.05	($0.34)	$0.16	$0.15
Weighted Average Basic Shares Outstanding	307.98M	307.53M	309.14M	308.70M	300.75M	302.49M	299.09M	295.41M	296.56M	295.54M	298.55M
Diluted Earnings per Share	$1.16	$0.66	$0.70	$0.69	$0.98	$0.45	$0.59	$0.05	($0.34)	$0.16	$0.15
Weighted Average Diluted Shares Outstanding	315.07M	314.19M	314.03M	315.36M	308.52M	310.39M	305.93M	304.12M	304.23M	301.99M	307.16M
Weighted Average Basic & Diluted Shares Outstanding	305.23M	306.49M	307.79M	309.28M	307.56M	304.42M	300.96M	297.54M	293.84M	292.32M	297.65M

This table details how cash moves in and out of Zoom Video Communications' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020	2019	2018
Period end date	1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021	1/31/2020	1/31/2019	1/31/2018
Net Change in Cash & Equivalents	-204	465	27	-1,220	1,959	268	29	-98
Net Cash From Operating Activities	1,945	1,599	1,290	1,605	1,471	152	51	19
Net Cash From Continuing Operating Activities	1,945	1,599	1,290	1,605	1,471	152	51	19
Net Income / (Loss) Continuing Operations	1,010	637	104	1,376	672	25	7.58	-3.82
Consolidated Net Income / (Loss)	1,010	637	104	1,376	672	25	7.58	-3.82
Depreciation Expense	123	104	82	48	29	16	7.01	2.79
Amortization Expense	210	220	261	203	110	37	21	9.02
Non-Cash Adjustments To Reconcile Net Income	815	1,016	1,416	165	340	85	-35	11
Changes in Operating Assets and Liabilities, net	-213	-379	-572	-186	320	-12	51	0.38
Net Cash From Investing Activities	-1,106	-1,184	-318	-2,859	-1,562	-499	-40	-113
Net Cash From Continuing Investing Activities	-1,106	-1,184	-318	-2,859	-1,562	-499	-40	-113
Purchase of Property, Plant & Equipment	-137	-127	-104	-133	-80	-38	-28	-9.74
Acquisitions	0.00	-205	-132	-17	-32	-0.14	-2.02	0.00
Purchase of Investments	-4,641	-4,154	-2,918	-4,740	-2,069	-803	-78	-143
Sale and/or Maturity of Investments	3,658	3,133	2,835	2,030	618	344	69	40
Other Investing Activities, net	13	170	0.30	0.00	1.66	-1.57	0.00	0.00
Net Cash From Financing Activities	-1,028	60	-937	34	2,050	616	18	-4.00
Net Cash From Continuing Financing Activities	-1,028	60	-937	34	2,050	616	18	-4.00
Repurchase of Common Equity	-1,094	0.00	-1,000	0.00	0.00	-	-	-
Issuance of Common Equity	54	54	54	59	38	15	0.00	0.00
Other Financing Activities, net	12	6.09	9.35	-26	33	58	3.57	0.73
Effect of Exchange Rate Changes	-15	-10	-8.11	0.00	0.00	-	-	-
Cash Income Taxes Paid	395	348	309	39	3.18	1.07	0.21	0.13

This table details how cash moves in and out of Zoom Video Communications' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Net Change in Cash & Equivalents	79	-266	-347	331	67	106	350	-58	-5.85	163	-471
Net Cash From Operating Activities	425	483	449	588	351	493	336	418	212	295	257
Net Cash From Continuing Operating Activities	425	483	449	588	351	493	336	418	212	295	257
Net Income / (Loss) Continuing Operations	368	207	219	216	299	141	182	15	-104	48	46
Consolidated Net Income / (Loss)	368	207	219	216	299	141	182	15	-104	48	46
Depreciation Expense	35	32	29	27	27	27	26	24	24	22	21
Amortization Expense	54	52	54	50	49	50	54	66	70	66	64
Non-Cash Adjustments To Reconcile Net Income	94	243	255	224	153	315	227	320	473	350	317
Changes in Operating Assets and Liabilities, net	-126	-51	-107	71	-178	-40	-154	-7.74	-251	-191	-190
Net Cash From Investing Activities	-4.89	-452	-541	-108	-319	-364	-19	-481	-258	448	-466
Net Cash From Continuing Investing Activities	-4.89	-452	-541	-108	-319	-364	-19	-481	-258	448	-466
Purchase of Property, Plant & Equipment	-8.33	-25	-84	-19	-19	-40	-47	-22	-28	-23	-28
Purchase of Investments	-925	-1,521	-1,324	-871	-1,138	-1,139	-1,058	-819	-926	-354	-1,015
Sale and/or Maturity of Investments	920	1,094	867	777	775	815	983	560	697	831	697
Other Investing Activities, net	8.53	0.20	-	4.65	63	-	107	0.00	-	0.30	-
Net Cash From Financing Activities	-329	-300	-256	-142	24	-5.51	34	7.02	12	-560	-256
Net Cash From Continuing Financing Activities	-329	-300	-256	-142	24	-5.51	34	7.02	12	-560	-256
Repurchase of Common Equity	-355	-302	-288	-150	-	-	-	0.00	-9.23	-565	-294
Issuance of Common Equity	20	-	-	-	22	-	-	-	19	-	-
Other Financing Activities, net	5.85	1.23	-2.88	7.60	2.65	-5.51	1.93	7.02	1.87	4.97	3.35
Effect of Exchange Rate Changes	-12	3.13	0.71	-6.85	11	-17	-1.23	-2.55	29	-21	-6.69

This table presents Zoom Video Communications' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2025	2024	2023	2022	2021	2020	2019
Period end date	1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021	1/31/2020	1/31/2019
Total Assets	10,988	9,930	8,128	7,551	5,298	1,290	355
Total Current Assets	8,676	7,926	6,356	6,184	4,793	1,096	277
Cash & Equivalents	1,349	1,558	1,087	1,063	2,240	283	64
Short-Term Investments	6,442	5,404	4,326	4,356	2,004	572	113
Accounts Receivable	495	536	557	420	295	120	64
Prepaid Expenses	201	219	163	146	117	75	10
Other Current Assets	188	208	223	199	137	45	26
Plant, Property, & Equipment, net	330	294	253	222	150	57	37
Total Noncurrent Assets	1,982	1,710	1,519	1,145	355	137	41
Long-Term Investments	591	409	399	368	19	-	-
Goodwill	307	307	123	28	24	0.00	-
Noncurrent Deferred & Refundable Income Taxes	750	662	558	382	1.52	-	-
Other Noncurrent Operating Assets	333	331	439	367	311	137	41
Total Liabilities & Shareholders' Equity	10,988	9,930	8,128	7,551	5,298	1,290	355
Total Liabilities	2,053	1,910	1,921	1,771	1,437	456	202
Total Current Liabilities	1,903	1,762	1,739	1,580	1,260	334	152
Accounts Payable	8.35	10	14	7.84	8.66	1.60	4.96
Accrued Expenses	559	500	458	430	393	123	32
Current Deferred Revenue	1,336	1,252	1,267	1,141	858	210	115
Total Noncurrent Liabilities	150	148	183	192	177	122	50
Noncurrent Deferred Revenue	17	19	42	38	25	21	11
Other Noncurrent Operating Liabilities	133	130	141	153	152	101	39
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,935	8,019	6,207	5,780	3,861	834	-7.44
Total Preferred & Common Equity	8,935	8,019	6,207	5,780	3,861	834	-7.44
Total Common Equity	8,935	8,019	6,207	5,780	3,861	834	-7.44
Common Stock	5,131	5,229	4,105	3,750	3,187	833	18
Retained Earnings	3,800	2,789	2,152	2,048	672	0.15	-25
Accumulated Other Comprehensive Income / (Loss)	4.99	1.06	-50	-18	0.84	0.81	-0.14

This table presents Zoom Video Communications' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2025	Q2 2025	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	10/31/2024	7/31/2024	4/30/2024	10/31/2023	7/31/2023	4/30/2023	10/31/2022	7/31/2022	4/30/2022	10/31/2021
Total Assets	10,680	10,507	10,297	9,317	8,923	8,536	7,837	8,048	7,957	6,979
Total Current Assets	8,532	8,395	8,282	7,485	7,051	6,568	6,142	6,414	6,564	6,113
Cash & Equivalents	1,274	1,539	1,886	1,493	1,380	1,030	1,096	937	1,407	1,322
Short-Term Investments	6,428	5,981	5,489	5,002	4,648	4,567	4,069	4,583	4,319	4,096
Accounts Receivable	458	528	528	514	571	591	590	510	484	378
Prepaid Expenses	182	149	182	271	244	171	166	159	143	139
Other Current Assets	190	198	198	205	207	210	222	225	212	178
Plant, Property, & Equipment, net	341	348	305	292	276	255	251	239	241	213
Total Noncurrent Assets	1,807	1,764	1,710	1,541	1,596	1,713	1,444	1,394	1,152	654
Long-Term Investments	445	439	425	353	377	452	355	358	343	300
Goodwill	307	307	307	307	307	304	123	123	28	26
Noncurrent Deferred & Refundable Income Taxes	731	718	674	532	541	533	551	494	420	-
Other Noncurrent Operating Assets	324	300	304	349	371	424	417	419	361	328
Total Liabilities & Shareholders' Equity	10,680	10,507	10,297	9,317	8,923	8,536	7,837	8,048	7,957	6,979
Total Liabilities	2,000	1,982	1,998	1,904	1,921	2,012	2,081	2,057	2,009	1,865
Total Current Liabilities	1,853	1,841	1,856	1,753	1,767	1,844	1,896	1,867	1,809	1,691
Accounts Payable	8.54	11	18	14	21	17	27	23	23	20
Accrued Expenses	481	439	502	441	397	490	561	498	500	510
Current Deferred Revenue	1,363	1,391	1,336	1,297	1,349	1,338	1,308	1,346	1,286	1,161
Total Noncurrent Liabilities	147	141	142	151	153	168	185	190	200	174
Capital Lease Obligations	38	36	40	-	-	-	-	-	-	-
Noncurrent Deferred Revenue	16	15	16	19	20	29	46	56	45	25
Other Noncurrent Operating Liabilities	93	89	85	132	133	140	139	135	155	149
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,680	8,525	8,299	7,413	7,002	6,524	5,756	5,990	5,948	5,114
Total Preferred & Common Equity	8,680	8,525	8,299	7,413	7,002	6,524	5,756	5,990	5,948	5,114
Total Common Equity	8,680	8,525	8,299	7,413	7,002	6,524	5,756	5,990	5,948	5,114
Common Stock	5,241	5,298	5,311	4,950	4,690	4,392	3,573	3,831	3,831	3,561
Retained Earnings	3,432	3,225	3,006	2,490	2,349	2,167	2,256	2,208	2,162	1,557
Accumulated Other Comprehensive Income / (Loss)	6.79	2.19	-17	-27	-37	-35	-73	-48	-45	-5.13

This table displays calculated financial ratios and metrics derived from Zoom Video Communications' official financial filings.

Metric	2025	2024	2023	2022	2021	2020	2019	2018
Period end date	1/31/2025	1/31/2024	1/31/2023	1/31/2022	1/31/2021	1/31/2020	1/31/2019	1/31/2018
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	3.05%	3.06%	7.15%	54.63%	325.81%	88.39%	118.19%	0.00%
EBITDA Growth	34.92%	44.42%	-55.24%	64.62%	1,105.27%	94.76%	387.59%	0.00%
EBIT Growth	54.83%	114.02%	-76.92%	61.19%	5,097.29%	105.87%	227.60%	0.00%
NOPAT Growth	55.24%	293.99%	-92.31%	102.99%	5,268.72%	117.55%	265.59%	0.00%
Net Income Growth	58.48%	514.65%	-92.46%	104.61%	2,556.85%	233.66%	298.43%	0.00%
EPS Growth	55.07%	508.82%	-92.44%	100.00%	2,400.00%	0.00%	100.00%	0.00%
Operating Cash Flow Growth	21.67%	23.92%	-19.62%	9.11%	868.57%	195.90%	164.24%	0.00%
Free Cash Flow Firm Growth	381.64%	149.87%	-132.16%	-9.95%	11,218.61%	-69.39%	0.00%	0.00%
Invested Capital Growth	-14.79%	64.00%	5,692.59%	98.25%	-1,794.57%	12.50%	0.00%	0.00%
Revenue Q/Q Growth	0.81%	0.64%	1.07%	4.83%	35.47%	15.26%	0.00%	0.00%
EBITDA Q/Q Growth	6.38%	49.37%	-37.82%	1.39%	54.69%	12.23%	0.00%	0.00%
EBIT Q/Q Growth	7.47%	131.54%	-60.87%	-0.40%	59.27%	66.29%	0.00%	0.00%
NOPAT Q/Q Growth	6.81%	232.54%	-90.04%	33.29%	58.26%	82.43%	0.00%	0.00%
Net Income Q/Q Growth	7.33%	171.75%	-85.15%	20.08%	57.43%	61.56%	0.00%	0.00%
EPS Q/Q Growth	5.94%	176.00%	-85.15%	19.68%	56.25%	50.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	3.92%	9.57%	0.17%	-10.58%	32.74%	15.66%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	24.21%	171.66%	-262.46%	-24.08%	38.72%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-3.30%	14.44%	67.16%	98.83%	-8.23%	45.35%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	75.79%	76.19%	74.95%	74.28%	69.00%	81.47%	81.54%	79.68%
EBITDA Margin	24.57%	18.77%	13.39%	32.06%	30.11%	10.64%	10.29%	4.61%
Operating Margin	17.43%	11.60%	5.59%	25.94%	24.89%	2.04%	1.87%	-3.19%
EBIT Margin	17.43%	11.60%	5.59%	25.94%	24.89%	2.04%	1.87%	-3.19%
Profit (Net Income) Margin	21.65%	14.08%	2.36%	33.55%	25.36%	4.06%	2.29%	-2.52%
Tax Burden Percent	76.79%	76.59%	41.60%	124.87%	99.16%	95.99%	90.84%	108.64%
Interest Burden Percent	161.76%	158.45%	101.57%	103.58%	102.76%	207.64%	135.38%	72.79%
Effective Tax Rate	23.21%	23.41%	58.40%	-24.87%	0.84%	4.01%	9.16%	0.00%
Return on Invested Capital (ROIC)	104.12%	77.17%	52.65%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	99.23%	73.60%	52.62%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-92.21%	-68.21%	-50.92%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	11.92%	8.96%	1.73%	28.54%	28.64%	5.13%	4.99%	0.00%
Cash Return on Invested Capital (CROIC)	120.10%	28.69%	-75.93%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	7.78%	5.82%	3.13%	16.55%	20.03%	1.54%	1.74%	0.00%
Return on Assets (ROA)	9.66%	7.06%	1.32%	21.41%	20.41%	3.08%	2.14%	0.00%
Return on Common Equity (ROCE)	11.92%	8.96%	1.73%	28.54%	28.64%	4.30%	-0.24%	0.00%
Return on Equity Simple (ROE_SIMPLE)	11.31%	7.95%	1.67%	23.80%	17.41%	3.03%	-101.95%	0.00%
Net Operating Profit after Tax (NOPAT)	625	402	102	1,328	654	12	5.60	-3.38
NOPAT Margin	13.39%	8.89%	2.32%	32.39%	24.68%	1.96%	1.69%	-2.23%
Net Nonoperating Expense Percent (NNEP)	4.90%	3.57%	0.03%	0.95%	0.70%	2.54%	2.25%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	6.99%	5.02%	1.65%	-	-	-	-	-
Cost of Revenue to Revenue	24.21%	23.81%	25.05%	25.72%	31.00%	18.53%	18.46%	20.32%
SG&A Expenses to Revenue	9.49%	12.80%	13.12%	11.78%	12.09%	13.95%	13.47%	17.88%
R&D to Revenue	18.27%	17.74%	17.62%	8.85%	6.19%	10.77%	9.99%	10.39%
Operating Expenses to Revenue	58.35%	64.59%	69.36%	48.34%	44.11%	79.43%	79.68%	82.87%
Earnings before Interest and Taxes (EBIT)	813	525	245	1,064	660	13	6.17	-4.83
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,146	850	588	1,314	798	66	34	6.98
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.98	2.45	3.53	7.95	27.56	25.29	0.00	0.00
Price to Tangible Book Value (P/TBV)	3.09	2.55	3.60	7.99	27.74	25.29	0.00	0.00
Price to Revenue (P/Rev)	5.71	4.34	4.99	11.21	40.14	33.87	2.27	4.96
Price to Earnings (P/E)	26.38	30.85	211.41	33.43	158.47	969.63	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.79%	3.24%	0.47%	2.99%	0.63%	0.10%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	33.09	18.99	40.80	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	3.91	2.72	3.67	9.80	38.53	32.50	2.22	0.00
Enterprise Value to EBITDA (EV/EBITDA)	15.93	14.47	27.39	30.58	127.94	305.44	21.59	0.00
Enterprise Value to EBIT (EV/EBIT)	22.46	23.41	65.65	37.78	154.81	1,593.75	119.09	0.00
Enterprise Value to NOPAT (EV/NOPAT)	29.24	30.57	157.79	30.26	156.13	1,660.32	131.11	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	9.39	7.69	12.49	25.03	69.44	133.21	14.31	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	25.35	82.22	0.00	43.09	98.64	2,211.41	24.57	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.93	-0.93	-0.97	-1.04	-1.09	-1.05	-1.16	0.00
Leverage Ratio	1.23	1.27	1.31	1.33	1.40	1.67	2.33	0.00
Compound Leverage Factor	2.00	2.01	1.33	1.38	1.44	3.46	3.16	0.00
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	104.89%	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	-4.89%	0.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	9.68	7.95	8.54	17.69	46.31	28.98	3.54	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	16.18%	104.89%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	4.56	4.50	3.66	3.91	3.80	3.28	1.82	0.00
Quick Ratio	4.35	4.26	3.43	3.70	3.60	2.92	1.58	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	720	150	-300	933	1,036	9.15	30	0.00
Operating Cash Flow to CapEx	1,424.51%	1,259.39%	1,242.72%	1,210.70%	1,839.62%	398.83%	180.54%	199.49%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.50	0.56	0.64	0.80	0.76	0.93	0.00
Accounts Receivable Turnover	9.05	8.28	8.99	11.48	12.77	6.77	5.20	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.95	16.57	18.49	22.03	25.61	13.19	8.87	0.00
Accounts Payable Turnover	121.99	87.67	98.89	127.79	160.23	35.19	12.29	0.00
Days Sales Outstanding (DSO)	40.34	44.08	40.59	31.80	28.57	53.94	70.25	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	2.99	4.16	3.69	2.86	2.28	10.37	29.70	0.00
Cash Conversion Cycle (CCC)	37.35	39.92	36.90	28.94	26.30	43.57	40.55	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	552	648	395	-7.06	-403	-21	-24	0.00
Invested Capital Turnover	7.78	8.68	22.65	-20.02	-12.51	-27.35	-27.22	0.00
Increase / (Decrease) in Invested Capital	-96	253	402	396	-381	3.04	-24	0.00
Enterprise Value (EV)	18,263	12,297	16,113	40,188	102,151	20,234	734	0.00
Market Capitalization	26,647	19,669	21,924	45,975	106,415	21,089	751	751
Book Value per Share	$29.15	$26.34	$21.23	$19.40	$13.50	$3.02	($0.09)	$0.00
Tangible Book Value per Share	$28.15	$25.33	$20.81	$19.30	$13.41	$3.02	($0.09)	$0.00
Total Capital	8,935	8,019	6,207	5,780	3,861	834	152	0.00
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-8,383	-7,372	-5,812	-5,787	-4,263	-855	-176	0.00
Capital Expenditures (CapEx)	137	127	104	133	80	38	28	9.74
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,019	-798	-795	-815	-712	-94	-52	0.00
Debt-free Net Working Capital (DFNWC)	6,773	6,164	4,618	4,604	3,533	762	124	0.00
Net Working Capital (NWC)	6,773	6,164	4,618	4,604	3,533	762	124	0.00
Net Nonoperating Expense (NNE)	-386	-235	-1.60	-48	-18	-13	-1.98	0.44
Net Nonoperating Obligations (NNO)	-8,383	-7,372	-5,812	-5,787	-4,263	-855	-176	0.00
Total Depreciation and Amortization (D&A)	333	324	343	251	139	54	28	12
Debt-free, Cash-free Net Working Capital to Revenue	-21.84%	-17.64%	-18.09%	-19.88%	-26.85%	-15.02%	-15.74%	0.00%
Debt-free Net Working Capital to Revenue	145.17%	136.15%	105.12%	112.30%	133.25%	122.33%	37.63%	0.00%
Net Working Capital to Revenue	145.17%	136.15%	105.12%	112.30%	133.25%	122.33%	37.63%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.28	$2.12	$0.35	$4.64	$2.37	$0.09	$0.00	($0.11)
Adjusted Weighted Average Basic Shares Outstanding	307.98M	300.75M	296.56M	296.33M	283.85M	233.64M	84.48M	78.12M
Adjusted Diluted Earnings per Share	$3.21	$2.07	$0.34	$4.50	$2.25	$0.09	$0.00	($0.11)
Adjusted Weighted Average Diluted Shares Outstanding	315.07M	308.52M	304.23M	305.83M	298.13M	254.30M	116.01M	78.12M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.09	$0.00	($0.11)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	305.23M	307.56M	293.84M	299.12M	293.71M	279.00M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	625	402	172	745	654	12	5.60	-3.38
Normalized NOPAT Margin	13.39%	8.89%	3.91%	18.16%	24.68%	1.96%	1.69%	-2.23%
Pre Tax Income Margin	28.20%	18.38%	5.67%	26.87%	25.57%	4.23%	2.53%	-2.32%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	108.28%	0.00%	964.22%	0.00%	0.00%	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Zoom Video Communications' official financial filings.

Metric	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023
Period end date	1/31/2025	10/31/2024	7/31/2024	4/30/2024	1/31/2024	10/31/2023	7/31/2023	4/30/2023	1/31/2023	10/31/2022	7/31/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.29%	3.59%	2.09%	3.25%	2.56%	3.16%	3.57%	2.94%	4.33%	4.87%	7.63%
EBITDA Growth	28.03%	8.61%	10.45%	179.36%	786.74%	59.14%	24.91%	-61.83%	-111.08%	-56.61%	-41.86%
EBIT Growth	33.54%	7.94%	13.94%	1,983.99%	229.75%	154.69%	45.90%	-94.79%	-151.58%	-77.13%	-58.68%
NOPAT Growth	28.82%	4.88%	17.22%	4,221.79%	256.97%	119.14%	109.53%	-97.65%	-110.19%	-75.66%	-78.64%
Net Income Growth	23.10%	46.62%	20.36%	1,300.60%	387.20%	192.04%	297.76%	-86.41%	-121.21%	-85.79%	-85.57%
EPS Growth	18.37%	46.67%	18.64%	1,280.00%	388.24%	181.25%	293.33%	-86.49%	-121.12%	-85.59%	-85.58%
Operating Cash Flow Growth	20.88%	-2.01%	33.74%	40.55%	65.99%	66.99%	30.62%	-20.46%	1.05%	-25.15%	-45.04%
Free Cash Flow Firm Growth	354.16%	164.80%	140.93%	114.49%	77.68%	74.29%	44.00%	-161.11%	-199.32%	-265.12%	-207.63%
Invested Capital Growth	-14.79%	0.84%	0.94%	13.54%	64.00%	139.54%	433.17%	491.15%	5,692.59%	139.12%	119.13%
Revenue Q/Q Growth	0.56%	1.29%	1.87%	-0.46%	0.86%	-0.17%	3.01%	-1.11%	1.44%	0.22%	2.39%
EBITDA Q/Q Growth	17.36%	-6.15%	1.72%	14.28%	-0.45%	-4.56%	157.28%	380.94%	-123.07%	-25.09%	-21.38%
EBIT Q/Q Growth	23.09%	-9.65%	-0.32%	20.47%	-0.51%	-4.63%	1,723.22%	107.50%	-295.30%	-45.37%	-34.92%
NOPAT Q/Q Growth	36.18%	-10.79%	0.61%	5.39%	10.87%	-0.29%	3,609.25%	103.83%	-254.79%	-4.67%	-58.37%
Net Income Q/Q Growth	77.67%	-5.46%	1.25%	-27.62%	111.62%	-22.40%	1,078.28%	114.84%	-315.19%	5.69%	-59.75%
EPS Q/Q Growth	75.76%	-5.71%	1.45%	-29.59%	117.78%	-23.73%	1,080.00%	114.71%	-312.50%	6.67%	-59.46%
Operating Cash Flow Q/Q Growth	-12.14%	7.54%	-23.61%	67.47%	-28.78%	46.78%	-19.72%	97.78%	-28.35%	14.81%	-51.12%
Free Cash Flow Firm Q/Q Growth	114.74%	-10.64%	69.42%	154.32%	45.25%	43.56%	40.01%	-20.41%	36.93%	-22.92%	-179.72%
Invested Capital Q/Q Growth	-3.30%	-5.31%	11.65%	-22.44%	14.44%	-5.22%	25.60%	20.38%	67.16%	110.96%	192.14%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	75.73%	75.89%	75.48%	76.05%	75.90%	76.16%	76.59%	76.12%	73.67%	75.44%	75.11%
EBITDA Margin	26.50%	22.71%	24.51%	24.55%	21.38%	21.66%	22.66%	9.07%	-3.19%	14.04%	18.79%
Operating Margin	19.01%	15.53%	17.41%	17.79%	14.70%	14.90%	15.60%	0.88%	-11.62%	6.04%	11.07%
EBIT Margin	19.01%	15.53%	17.41%	17.79%	14.70%	14.90%	15.60%	0.88%	-11.62%	6.04%	11.07%
Profit (Net Income) Margin	31.07%	17.58%	18.84%	18.95%	26.07%	12.42%	15.98%	1.40%	-9.31%	4.39%	4.16%
Tax Burden Percent	81.69%	73.84%	74.78%	74.09%	84.68%	75.99%	72.68%	35.73%	263.12%	88.32%	50.61%
Interest Burden Percent	200.09%	153.36%	144.73%	143.81%	209.39%	109.70%	140.96%	443.75%	30.44%	82.32%	74.25%
Effective Tax Rate	18.31%	26.16%	25.22%	25.91%	15.32%	24.01%	27.32%	64.27%	0.00%	11.68%	49.39%
Return on Invested Capital (ROIC)	120.77%	93.35%	99.52%	118.47%	108.10%	127.00%	142.73%	7.87%	-184.24%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	118.43%	92.39%	98.58%	117.52%	105.74%	126.80%	141.87%	7.68%	-184.01%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-110.05%	-85.86%	-90.96%	-109.47%	-97.99%	-119.07%	-134.12%	-7.46%	178.06%	0.00%	0.00%
Return on Equity (ROE)	10.72%	7.49%	8.56%	9.00%	10.12%	7.93%	8.60%	0.42%	-6.18%	12.85%	18.60%
Cash Return on Invested Capital (CROIC)	120.10%	102.04%	95.60%	97.08%	28.69%	-52.03%	-120.78%	-125.04%	-75.93%	78.13%	339.09%
Operating Return on Assets (OROA)	8.48%	7.19%	8.22%	8.62%	7.37%	7.82%	8.21%	0.47%	-6.51%	3.54%	6.54%
Return on Assets (ROA)	13.86%	8.14%	8.90%	9.18%	13.07%	6.52%	8.41%	0.75%	-5.22%	2.57%	2.46%
Return on Common Equity (ROCE)	10.72%	7.49%	8.56%	9.00%	10.12%	7.93%	8.60%	0.42%	-6.18%	12.85%	18.60%
Return on Equity Simple (ROE_SIMPLE)	0.00%	10.84%	10.27%	10.10%	0.00%	3.16%	2.02%	0.08%	0.00%	12.13%	16.53%
Net Operating Profit after Tax (NOPAT)	184	135	151	150	143	129	129	3.48	-91	59	62
NOPAT Margin	15.53%	11.47%	13.02%	13.18%	12.45%	11.32%	11.34%	0.31%	-8.13%	5.33%	5.60%
Net Nonoperating Expense Percent (NNEP)	2.34%	0.96%	0.94%	0.95%	2.37%	0.20%	0.86%	0.20%	-0.23%	-0.18%	-0.29%
Return On Investment Capital (ROIC_SIMPLE)	2.06%	-	-	-	1.78%	-	-	-	-1.46%	-	-
Cost of Revenue to Revenue	24.27%	24.11%	24.52%	23.95%	24.10%	23.84%	23.41%	23.88%	26.33%	24.56%	24.89%
SG&A Expenses to Revenue	8.08%	10.71%	9.42%	9.76%	10.93%	11.01%	11.36%	18.08%	16.68%	12.80%	11.92%
R&D to Revenue	18.34%	18.94%	17.79%	18.01%	17.91%	17.32%	16.84%	18.93%	23.37%	17.78%	15.70%
Operating Expenses to Revenue	56.73%	60.36%	58.07%	58.26%	61.20%	61.26%	60.99%	75.24%	85.29%	69.40%	64.04%
Earnings before Interest and Taxes (EBIT)	225	183	202	203	169	169	178	9.74	-130	67	122
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	314	267	285	280	245	246	258	100	-36	155	207
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.98	2.65	2.19	2.26	2.45	2.44	3.12	2.77	3.53	4.31	5.17
Price to Tangible Book Value (P/TBV)	3.09	2.75	2.27	2.35	2.55	2.54	3.26	2.90	3.60	4.41	5.28
Price to Revenue (P/Rev)	5.71	4.97	4.07	4.12	4.34	4.01	4.89	4.08	4.99	5.71	7.21
Price to Earnings (P/E)	26.38	24.44	21.34	22.42	30.85	76.95	153.98	3,277.12	211.41	35.57	31.30
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	3.79%	4.09%	4.69%	4.46%	3.24%	1.30%	0.65%	0.03%	0.47%	2.81%	3.20%
Enterprise Value to Invested Capital (EV/IC)	33.09	26.10	17.85	20.44	18.99	19.80	25.82	25.24	40.80	81.75	224.21
Enterprise Value to Revenue (EV/Rev)	3.91	3.22	2.35	2.42	2.72	2.49	3.45	2.71	3.67	4.44	5.85
Enterprise Value to EBITDA (EV/EBITDA)	15.93	13.82	10.18	10.72	14.47	19.70	32.30	28.18	27.39	20.42	21.87
Enterprise Value to EBIT (EV/EBIT)	22.46	19.68	14.47	15.35	23.41	49.39	124.37	176.22	65.65	30.80	29.49
Enterprise Value to NOPAT (EV/NOPAT)	29.24	25.47	18.58	19.80	30.57	92.61	271.00	4,771.27	157.79	18.85	23.31
Enterprise Value to Operating Cash Flow (EV/OCF)	9.39	7.96	5.72	6.24	7.69	7.68	12.22	10.15	12.49	15.00	18.10
Enterprise Value to Free Cash Flow (EV/FCFF)	25.35	25.68	18.76	22.39	82.22	0.00	0.00	0.00	0.00	104.64	66.12
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-0.93	-0.93	-0.92	-0.93	-0.93	-0.94	-0.95	-0.97	-0.97	-1.03	-1.04
Leverage Ratio	1.23	1.24	1.25	1.27	1.27	1.30	1.31	1.32	1.31	1.36	1.37
Compound Leverage Factor	2.47	1.91	1.81	1.83	2.66	1.43	1.84	5.87	0.40	1.12	1.02
Debt to Total Capital	0.00%	0.43%	0.42%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.43%	0.42%	0.48%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	100.00%	99.57%	99.58%	99.52%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Debt to EBITDA	0.00	0.03	0.03	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	0.00	-7.52	-7.50	-7.54	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	0.00	0.03	0.03	0.04	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	0.00	0.06	0.06	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	0.00	-13.87	-13.68	-13.92	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	0.00	0.06	0.06	0.07	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	9.50	8.59	7.33	7.31	7.83	7.34	8.46	6.92	8.39	8.80	10.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.56	4.60	4.56	4.46	4.50	4.27	3.99	3.56	3.66	3.24	3.44
Quick Ratio	4.35	4.40	4.37	4.26	4.26	4.00	3.73	3.36	3.43	3.03	3.23
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	280	130	146	86	-110	-201	-356	-594	-493	-782	-636
Operating Cash Flow to CapEx	5,094.38%	1,896.16%	533.44%	3,178.04%	1,894.42%	1,233.28%	720.97%	1,917.38%	748.77%	1,301.06%	924.15%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.45	0.46	0.47	0.48	0.50	0.52	0.53	0.54	0.56	0.59	0.59
Accounts Receivable Turnover	9.05	9.52	8.35	8.16	8.28	8.15	8.26	8.23	8.99	8.99	9.49
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.95	14.63	14.71	16.30	16.57	16.58	17.34	17.85	18.49	18.76	19.84
Accounts Payable Turnover	121.99	97.38	70.28	62.42	87.67	52.59	49.97	56.50	98.89	44.96	29.24
Days Sales Outstanding (DSO)	40.34	38.33	43.74	44.72	44.08	44.77	44.18	44.32	40.59	40.62	38.44
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	2.99	3.75	5.19	5.85	4.16	6.94	7.30	6.46	3.69	8.12	12.48
Cash Conversion Cycle (CCC)	37.35	34.59	38.54	38.87	39.92	37.83	36.88	37.86	36.90	32.50	25.96
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	552	571	603	540	648	566	597	475	395	236	112
Invested Capital Turnover	7.78	8.14	7.65	8.99	8.68	11.22	12.59	25.00	22.65	-23.64	-18.15
Increase / (Decrease) in Invested Capital	-96	4.77	5.59	64	253	330	485	597	402	840	697
Enterprise Value (EV)	18,263	14,895	10,758	11,033	12,297	11,204	15,420	12,002	16,113	19,316	25,111
Market Capitalization	26,647	23,004	18,680	18,792	19,669	18,051	21,825	18,050	21,924	24,836	30,990
Book Value per Share	$29.15	$28.20	$27.57	$26.98	$26.34	$24.63	$23.53	$22.20	$21.23	$19.34	$20.08
Tangible Book Value per Share	$28.15	$27.20	$26.57	$25.98	$25.33	$23.61	$22.50	$21.17	$20.81	$18.93	$19.67
Total Capital	8,935	8,717	8,561	8,339	8,019	7,413	7,002	6,524	6,207	5,756	5,990
Total Debt	0.00	38	36	40	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	38	36	40	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-8,383	-8,109	-7,923	-7,759	-7,372	-6,847	-6,405	-6,049	-5,812	-5,520	-5,878
Capital Expenditures (CapEx)	8.33	25	84	19	19	40	47	22	28	23	28
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,019	-1,023	-966	-948	-798	-763	-745	-873	-795	-919	-973
Debt-free Net Working Capital (DFNWC)	6,773	6,679	6,554	6,426	6,164	5,732	5,284	4,724	4,618	4,246	4,548
Net Working Capital (NWC)	6,773	6,679	6,554	6,426	6,164	5,732	5,284	4,724	4,618	4,246	4,548
Net Nonoperating Expense (NNE)	-184	-72	-68	-66	-156	-12	-53	-12	13	10	16
Net Nonoperating Obligations (NNO)	-8,383	-8,109	-7,923	-7,759	-7,372	-6,847	-6,405	-6,049	-5,812	-5,520	-5,878
Total Depreciation and Amortization (D&A)	89	85	83	77	77	77	80	91	94	88	85
Debt-free, Cash-free Net Working Capital to Revenue	-21.84%	-22.11%	-21.06%	-20.78%	-17.64%	-16.95%	-16.69%	-19.72%	-18.09%	-21.15%	-22.64%
Debt-free Net Working Capital to Revenue	145.17%	144.32%	142.88%	140.83%	136.15%	127.41%	118.37%	106.76%	105.12%	97.68%	105.87%
Net Working Capital to Revenue	145.17%	144.32%	142.88%	140.83%	136.15%	127.41%	118.37%	106.76%	105.12%	97.68%	105.87%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.20	$0.67	$0.71	$0.70	$0.99	$0.47	$0.61	$0.05	($0.34)	$0.16	$0.15
Adjusted Weighted Average Basic Shares Outstanding	307.98M	307.53M	309.14M	308.70M	300.75M	302.49M	299.09M	295.41M	296.56M	295.54M	298.55M
Adjusted Diluted Earnings per Share	$1.16	$0.66	$0.70	$0.69	$0.98	$0.45	$0.59	$0.05	($0.34)	$0.16	$0.15
Adjusted Weighted Average Diluted Shares Outstanding	315.07M	314.19M	314.03M	315.36M	308.52M	310.39M	305.93M	304.12M	304.23M	301.99M	307.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	305.23M	306.49M	307.79M	309.28M	307.56M	304.42M	300.96M	297.54M	293.84M	292.32M	297.65M
Normalized Net Operating Profit after Tax (NOPAT)	184	135	151	150	143	129	129	6.82	-91	59	62
Normalized NOPAT Margin	15.53%	11.47%	13.02%	13.18%	12.45%	11.32%	11.34%	0.62%	-8.13%	5.33%	5.60%
Pre Tax Income Margin	38.03%	23.81%	25.19%	25.58%	30.78%	16.35%	21.99%	3.91%	-3.54%	4.97%	8.22%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	108.28%	78.55%	50.00%	17.90%	0.00%	3.93%	405.06%	15,782.99%	964.22%	141.86%	43.01%

Frequently Asked Questions About Zoom Video Communications' Financials

When does Zoom Video Communications's fiscal year end?

According to the most recent income statement we have on file, Zoom Video Communications' financial year ends in January. Their financial year 2025 ended on January 31, 2025.

How has Zoom Video Communications' net income changed over the last 7 years?

Zoom Video Communications' net income appears to be on an upward trend, with a most recent value of $1.01 billion in 2025, falling from -$3.82 million in 2018. The previous period was $637.46 million in 2024. See Zoom Video Communications' forecast for analyst expectations on what’s next for the company.

What is Zoom Video Communications's operating income?

Zoom Video Communications's total operating income in 2025 was $813.30 million, based on the following breakdown:

Total Gross Profit: $3.54 billion
Total Operating Expenses: $2.72 billion

How has Zoom Video Communications revenue changed over the last 7 years?

Over the last 7 years, Zoom Video Communications' total revenue changed from $151.48 million in 2018 to $4.67 billion in 2025, a change of 2,979.9%.

How much debt does Zoom Video Communications have?

Zoom Video Communications' total liabilities were at $2.05 billion at the end of 2025, a 7.5% increase from 2024, and a 914.2% increase since 2019.

How much cash does Zoom Video Communications have?

In the past 6 years, Zoom Video Communications' cash and equivalents has ranged from $63.62 million in 2019 to $2.24 billion in 2021, and is currently $1.35 billion as of their latest financial filing in 2025.

How has Zoom Video Communications' book value per share changed over the last 7 years?

Over the last 7 years, Zoom Video Communications' book value per share changed from 0.00 in 2018 to 29.15 in 2025, a change of 2,915.3%.

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This page (NASDAQ:ZM) was last updated on 5/21/2025 by MarketBeat.com Staff

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Zoom Video Communications (ZM) Financials

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Zoom Video Communications (ZM) Financials

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