Zoom Communications (ZM) Financials

$105.64 +8.89 (+9.19%)

Closing price 05/22/2026 04:00 PM Eastern

Extended Trading

$105.68 +0.05 (+0.04%)

As of 05/22/2026 07:59 PM Eastern

Annual Income Statements for Zoom Communications

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

Metric	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2018	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	-8.23	0.00	22	672	1,375	104	637	1,010	1,900
Consolidated Net Income / (Loss)	-3.82	7.58	25	672	1,376	104	637	1,010	1,900
Net Income / (Loss) Continuing Operations	-3.82	7.58	25	672	1,376	104	637	1,010	1,900
Total Pre-Tax Income	-3.52	8.35	26	678	1,102	249	832	1,316	2,422
Total Operating Income	-4.83	6.17	13	660	1,064	245	525	813	1,124
Total Gross Profit	121	270	507	1,829	3,045	3,293	3,449	3,536	3,750
Total Revenue	151	331	623	2,651	4,100	4,393	4,527	4,665	4,869
Operating Revenue	151	331	623	2,651	4,100	4,393	4,527	4,665	4,869
Total Cost of Revenue	31	61	115	822	1,055	1,100	1,078	1,130	1,119
Operating Cost of Revenue	31	61	115	822	1,055	1,100	1,078	1,130	1,119
Total Operating Expenses	126	263	495	1,170	1,982	3,047	2,924	2,723	2,626
Selling, General & Admin Expense	27	45	87	321	483	576	580	443	393
Marketing Expense	83	186	341	685	1,136	1,697	1,541	1,427	1,388
Research & Development Expense	16	33	67	164	363	774	803	852	845
Total Other Income / (Expense), net	1.32	2.18	14	18	38	3.85	307	502	1,299
Interest & Investment Income	1.32	2.18	14	18	38	3.85	307	502	1,299
Income Tax Expense	0.30	0.77	1.06	5.72	-274	146	195	305	522
Basic Earnings per Share	($0.11)	$0.00	$0.09	$2.37	$4.64	$0.35	$2.12	$3.28	$6.32
Weighted Average Basic Shares Outstanding	78.12M	84.48M	233.64M	283.85M	296.33M	296.56M	300.75M	307.98M	300.50M
Diluted Earnings per Share	($0.11)	$0.00	$0.09	$2.25	$4.50	$0.34	$2.07	$3.21	$6.18
Weighted Average Diluted Shares Outstanding	78.12M	116.01M	254.30M	298.13M	305.83M	304.23M	308.52M	315.07M	307.33M
Weighted Average Basic & Diluted Shares Outstanding	-	0.00	241.70M	293.71M	299.12M	293.84M	307.56M	305.23M	294.67M

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

Metric	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
Net Income / (Loss) Attributable to Common Shareholders	141	299	216	219	207	368	255	359	613	674	426
Consolidated Net Income / (Loss)	141	299	216	219	207	368	255	359	613	674	426
Net Income / (Loss) Continuing Operations	141	299	216	219	207	368	255	359	613	674	426
Total Pre-Tax Income	186	353	292	293	280	450	316	448	795	864	532
Total Operating Income	169	169	203	202	183	225	242	322	310	250	310
Total Gross Profit	866	870	868	877	894	897	896	944	958	951	965
Total Revenue	1,137	1,146	1,141	1,163	1,178	1,184	1,175	1,217	1,230	1,247	1,239
Operating Revenue	1,137	1,146	1,141	1,163	1,178	1,184	1,175	1,217	1,230	1,247	1,239
Total Cost of Revenue	271	276	273	285	284	287	278	273	272	296	274
Operating Cost of Revenue	271	276	273	285	284	287	278	273	272	296	274
Total Operating Expenses	696	702	665	675	711	672	655	622	648	701	654
Selling, General & Admin Expense	125	125	111	110	126	96	102	77	95	119	96
Marketing Expense	374	371	348	359	362	359	347	339	343	360	330
Research & Development Expense	197	205	206	207	223	217	205	206	210	223	228
Total Other Income / (Expense), net	16	184	89	91	98	225	74	126	484	614	221
Interest & Investment Income	16	184	89	91	98	225	74	126	484	614	221
Income Tax Expense	45	54	76	74	73	82	61	90	182	190	106
Basic Earnings per Share	$0.47	$0.99	$0.70	$0.71	$0.67	$1.20	$0.84	$1.19	$2.05	$2.24	$1.45
Weighted Average Basic Shares Outstanding	302.49M	300.75M	308.70M	309.14M	307.53M	307.98M	304.91M	301.78M	298.66M	300.50M	294.43M
Diluted Earnings per Share	$0.45	$0.98	$0.69	$0.70	$0.66	$1.16	$0.81	$1.16	$2.01	$2.20	$1.42
Weighted Average Diluted Shares Outstanding	310.39M	308.52M	315.36M	314.03M	314.19M	315.07M	312.78M	308.22M	305.02M	307.33M	300.23M
Weighted Average Basic & Diluted Shares Outstanding	304.42M	307.56M	309.28M	307.79M	306.49M	305.23M	302.55M	299.29M	296.10M	294.67M	293.23M

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

Metric	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2018	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Net Change in Cash & Equivalents	-98	29	268	1,959	-1,220	27	465	-204	-78
Net Cash From Operating Activities	19	51	152	1,471	1,605	1,290	1,599	1,945	1,989
Net Cash From Continuing Operating Activities	19	51	152	1,471	1,605	1,290	1,599	1,945	1,989
Net Income / (Loss) Continuing Operations	-3.82	7.58	25	672	1,376	104	637	1,010	1,900
Consolidated Net Income / (Loss)	-3.82	7.58	25	672	1,376	104	637	1,010	1,900
Depreciation Expense	2.79	7.01	16	29	48	82	104	123	133
Amortization Expense	9.02	21	37	110	203	261	220	210	254
Non-Cash Adjustments To Reconcile Net Income	11	-35	85	340	165	1,416	1,016	729	-157
Changes in Operating Assets and Liabilities, net	0.38	51	-12	320	-186	-572	-379	-127	-141
Net Cash From Investing Activities	-113	-40	-499	-1,562	-2,859	-318	-1,184	-1,106	-279
Net Cash From Continuing Investing Activities	-113	-40	-499	-1,562	-2,859	-318	-1,184	-1,101	-279
Purchase of Property, Plant & Equipment	-9.74	-28	-38	-80	-133	-104	-127	-137	-65
Acquisitions	0.00	-2.02	-0.14	-32	-17	-132	-205	0.00	-120
Purchase of Investments	-143	-78	-803	-2,069	-4,740	-2,918	-4,154	-4,622	-4,923
Sale and/or Maturity of Investments	40	69	344	618	2,030	2,835	3,303	3,658	4,829
Net Cash From Financing Activities	-4.00	18	616	2,050	34	-937	60	-1,028	-1,805
Net Cash From Continuing Financing Activities	-4.00	18	616	2,050	34	-937	60	-1,028	-1,805
Repurchase of Common Equity	-	-	-	0.00	0.00	-1,000	0.00	-1,094	-1,621
Issuance of Common Equity	0.00	0.00	15	38	59	54	54	54	61
Other Financing Activities, net	0.73	3.57	58	33	-26	9.35	6.09	12	-246
Effect of Exchange Rate Changes	-	-	-	0.00	0.00	-8.11	-10	-15	18

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

Metric	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
Net Change in Cash & Equivalents	106	67	331	-347	-266	79	-115	-38	19	56	-353
Net Cash From Operating Activities	493	351	588	449	483	425	489	516	629	355	522
Net Cash From Continuing Operating Activities	493	351	588	449	483	425	489	516	629	355	522
Net Income / (Loss) Continuing Operations	141	299	216	219	207	368	255	359	613	674	426
Consolidated Net Income / (Loss)	141	299	216	219	207	368	255	359	613	674	426
Depreciation Expense	27	27	27	29	32	35	35	32	32	33	33
Amortization Expense	50	49	50	54	52	54	57	61	67	70	50
Non-Cash Adjustments To Reconcile Net Income	315	153	231	255	243	94	220	104	-161	-319	36
Changes in Operating Assets and Liabilities, net	-40	-178	63	-107	-51	-126	-77	-40	79	-103	-23
Net Cash From Investing Activities	-364	-319	-108	-541	-452	-4.89	-125	-61	-144	51	-481
Net Cash From Continuing Investing Activities	-364	-319	-108	-541	-452	-4.89	-125	-61	-144	51	-481
Purchase of Property, Plant & Equipment	-40	-19	-19	-84	-25	-8.33	-26	-7.97	-15	-16	-21
Purchase of Investments	-1,139	-1,138	-871	-1,324	-1,521	-925	-1,135	-1,120	-1,126	-1,542	-1,318
Sale and/or Maturity of Investments	815	775	777	867	1,094	920	1,036	1,065	995	1,733	858
Net Cash From Financing Activities	-5.51	24	-142	-256	-300	-329	-491	-495	-466	-354	-394
Net Cash From Continuing Financing Activities	-5.51	24	-142	-256	-300	-329	-491	-495	-466	-354	-394
Repurchase of Common Equity	-	-	-150	-288	-302	-355	-418	-465	-414	-324	-362
Other Financing Activities, net	-5.51	2.65	7.60	-2.88	1.23	5.85	-73	-66	-52	-55	-32
Effect of Exchange Rate Changes	-17	11	-6.85	0.71	3.13	-12	12	1.42	-0.01	4.31	0.31

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

Metric	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
Total Assets	355	1,290	5,298	7,551	8,128	9,930	10,988	11,960
Total Current Assets	277	1,096	4,793	6,184	6,356	7,926	8,676	8,658
Cash & Equivalents	64	283	2,240	1,063	1,087	1,558	1,349	1,273
Short-Term Investments	113	572	2,004	4,356	4,326	5,404	6,442	6,544
Accounts Receivable	64	120	295	420	557	536	495	497
Prepaid Expenses	10	75	117	146	163	219	201	235
Other Current Assets	26	45	137	199	223	208	188	109
Plant, Property, & Equipment, net	37	57	150	222	253	294	330	265
Total Noncurrent Assets	41	137	355	1,145	1,519	1,710	1,982	3,038
Long-Term Investments	-	-	19	368	399	409	591	1,579
Goodwill	-	0.00	24	28	123	307	307	400
Noncurrent Deferred & Refundable Income Taxes	-	-	1.52	382	558	662	750	647
Other Noncurrent Operating Assets	41	137	311	367	439	331	333	412
Total Liabilities & Shareholders' Equity	355	1,290	5,298	7,551	8,128	9,930	10,988	11,960
Total Liabilities	202	456	1,437	1,771	1,921	1,910	2,053	2,152
Total Current Liabilities	152	334	1,260	1,580	1,739	1,762	1,903	1,999
Accounts Payable	4.96	1.60	8.66	7.84	14	10	8.35	6.27
Accrued Expenses	32	123	393	430	458	500	559	582
Current Deferred Revenue	115	210	858	1,141	1,267	1,252	1,336	1,411
Total Noncurrent Liabilities	50	122	177	192	183	148	150	153
Noncurrent Deferred Revenue	11	21	25	38	42	19	17	13
Other Noncurrent Operating Liabilities	39	101	152	153	141	130	133	140
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-7.44	834	3,861	5,780	6,207	8,019	8,935	9,808
Total Preferred & Common Equity	-7.44	834	3,861	5,780	6,207	8,019	8,935	9,808
Total Common Equity	-7.44	834	3,861	5,780	6,207	8,019	8,935	9,808
Common Stock	18	833	3,187	3,750	4,105	5,229	5,131	4,100
Retained Earnings	-25	0.15	672	2,048	2,152	2,789	3,800	5,700
Accumulated Other Comprehensive Income / (Loss)	-0.14	0.81	0.84	-18	-50	1.06	4.99	8.54

This table presents Zoom 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 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026	Q3 2026	Q1 2027
Period end date	10/31/2022	4/30/2023	7/31/2023	10/31/2023	4/30/2024	7/31/2024	10/31/2024	4/30/2025	7/31/2025	10/31/2025	4/30/2026
Total Assets	7,837	8,536	8,923	9,317	10,297	10,507	10,680	10,952	11,044	11,391	12,162
Total Current Assets	6,142	6,568	7,051	7,485	8,282	8,395	8,532	8,667	8,663	8,715	8,575
Cash & Equivalents	1,096	1,030	1,380	1,493	1,886	1,539	1,274	1,229	1,199	1,216	891
Short-Term Investments	4,069	4,567	4,648	5,002	5,489	5,981	6,428	6,564	6,580	6,727	6,830
Accounts Receivable	590	591	571	514	528	528	458	477	517	418	468
Prepaid Expenses	166	171	244	271	182	149	182	221	190	179	261
Other Current Assets	222	210	207	205	198	198	190	176	177	175	125
Plant, Property, & Equipment, net	251	255	276	292	305	348	341	312	301	285	253
Total Noncurrent Assets	1,444	1,713	1,596	1,541	1,710	1,764	1,807	1,973	2,079	2,391	3,334
Long-Term Investments	355	452	377	353	425	439	445	576	648	1,053	1,876
Goodwill	123	304	307	307	307	307	307	307	307	307	400
Noncurrent Deferred & Refundable Income Taxes	551	533	541	532	674	718	731	769	805	746	628
Other Noncurrent Operating Assets	417	424	371	349	304	300	324	320	319	285	429
Total Liabilities & Shareholders' Equity	7,837	8,536	8,923	9,317	10,297	10,507	10,680	10,952	11,044	11,391	12,162
Total Liabilities	2,081	2,012	1,921	1,904	1,998	1,982	2,000	2,050	2,094	2,104	2,191
Total Current Liabilities	1,896	1,844	1,767	1,753	1,856	1,841	1,853	1,897	1,948	1,959	2,032
Accounts Payable	27	17	21	14	18	11	8.54	14	12	13	19
Accrued Expenses	561	490	397	441	502	439	481	474	471	515	533
Current Deferred Revenue	1,308	1,338	1,349	1,297	1,336	1,391	1,363	1,409	1,465	1,432	1,480
Total Noncurrent Liabilities	185	168	153	151	142	141	147	152	146	145	159
Noncurrent Deferred Revenue	46	29	20	19	16	15	16	16	14	13	14
Other Noncurrent Operating Liabilities	139	140	133	132	85	89	93	136	132	132	146
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	5,756	6,524	7,002	7,413	8,299	8,525	8,680	8,902	8,950	9,287	9,971
Total Preferred & Common Equity	5,756	6,524	7,002	7,413	8,299	8,525	8,680	8,902	8,950	9,287	9,971
Total Common Equity	5,756	6,524	7,002	7,413	8,299	8,525	8,680	8,902	8,950	9,287	9,971
Common Stock	3,573	4,392	4,690	4,950	5,311	5,298	5,241	4,833	4,538	4,251	3,854
Retained Earnings	2,256	2,167	2,349	2,490	3,006	3,225	3,432	4,054	4,413	5,026	6,125
Accumulated Other Comprehensive Income / (Loss)	-73	-35	-37	-27	-17	2.19	6.79	15	-0.48	10	-8.13

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

Metric	2018	2019	2020	2021	2022	2023	2024	2025	2026
Period end date	1/31/2018	1/31/2019	1/31/2020	1/31/2021	1/31/2022	1/31/2023	1/31/2024	1/31/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	296,100,969.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	296,100,969.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	6.42
Growth Metrics	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	-3.38	5.60	12	654	1,328	102	402	625	881
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	1.65%	5.02%	6.99%	8.99%
Earnings before Interest and Taxes (EBIT)	-4.83	6.17	13	660	1,064	245	525	813	1,124
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	6.98	34	66	798	1,314	588	850	1,146	1,511
Valuation Ratios	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	30	9.15	1,036	933	-300	150	720	1,021
Efficiency Ratios	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-
Invested Capital	0.00	-24	-21	-403	-7.06	395	648	552	413
Increase / (Decrease) in Invested Capital	0.00	-24	3.04	-381	396	402	253	-96	-139
Book Value per Share	$0.00	($0.09)	$3.02	$13.50	$19.40	$21.23	$26.34	$29.15	$33.12
Tangible Book Value per Share	$0.00	($0.09)	$3.02	$13.41	$19.30	$20.81	$25.33	$28.15	$31.77
Total Capital	0.00	152	834	3,861	5,780	6,207	8,019	8,935	9,808
Total Debt	0.00	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	0.00
Net Debt	0.00	-176	-855	-4,263	-5,787	-5,812	-7,372	-8,383	-9,396
Capital Expenditures (CapEx)	9.74	28	38	80	133	104	127	137	65
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-52	-94	-712	-815	-795	-798	-1,019	-1,158
Debt-free Net Working Capital (DFNWC)	0.00	124	762	3,533	4,604	4,618	6,164	6,773	6,659
Net Working Capital (NWC)	0.00	124	762	3,533	4,604	4,618	6,164	6,773	6,659
Net Nonoperating Expense (NNE)	0.44	-1.98	-13	-18	-48	-1.60	-235	-386	-1,019
Net Nonoperating Obligations (NNO)	0.00	-176	-855	-4,263	-5,787	-5,812	-7,372	-8,383	-9,396
Total Depreciation and Amortization (D&A)	12	28	54	139	251	343	324	333	387
Earnings Adjustments	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.11)	$0.00	$0.09	$2.37	$4.64	$0.35	$2.12	$3.28	$6.32
Adjusted Weighted Average Basic Shares Outstanding	78.12M	84.48M	233.64M	283.85M	296.33M	296.56M	300.75M	307.98M	300.50M
Adjusted Diluted Earnings per Share	($0.11)	$0.00	$0.09	$2.25	$4.50	$0.34	$2.07	$3.21	$6.18
Adjusted Weighted Average Diluted Shares Outstanding	78.12M	116.01M	254.30M	298.13M	305.83M	304.23M	308.52M	315.07M	307.33M
Adjusted Basic & Diluted Earnings per Share	($0.11)	$0.00	$0.09	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	279.00M	293.71M	299.12M	293.84M	307.56M	305.23M	294.67M
Normalized Net Operating Profit after Tax (NOPAT)	-3.38	5.60	12	654	745	172	402	625	881
Debt Service Ratios	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-

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

Metric	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026	Q3 2026	Q4 2026	Q1 2027
Period end date	10/31/2023	1/31/2024	4/30/2024	7/31/2024	10/31/2024	1/31/2025	4/30/2025	7/31/2025	10/31/2025	1/31/2026	4/30/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	296,100,969.00	294,666,886.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	296,100,969.00	294,666,886.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	2.28	1.44
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.16%	2.56%	3.25%	2.09%	3.59%	3.29%	2.93%	4.71%	4.44%	-	5.47%
EBITDA Growth	59.14%	786.74%	179.36%	10.45%	8.61%	28.03%	19.09%	45.67%	53.05%	-	17.94%
EBIT Growth	154.69%	229.75%	1,983.99%	13.94%	7.94%	33.54%	19.00%	58.98%	69.77%	-	28.51%
NOPAT Growth	119.14%	256.97%	4,221.79%	17.22%	4.88%	28.82%	29.51%	70.12%	77.32%	-	27.62%
Net Income Growth	192.04%	387.20%	1,300.60%	20.36%	46.62%	23.10%	17.70%	63.73%	196.00%	-	67.19%
EPS Growth	181.25%	388.24%	1,280.00%	18.64%	46.67%	18.37%	17.39%	65.71%	204.55%	-	75.31%
Operating Cash Flow Growth	66.99%	65.99%	40.55%	33.74%	-2.01%	20.88%	-16.82%	14.82%	30.24%	-	6.61%
Free Cash Flow Firm Growth	74.29%	77.68%	114.49%	140.93%	164.80%	354.16%	133.95%	131.00%	298.66%	-	102.87%
Invested Capital Growth	139.54%	64.00%	13.54%	0.94%	0.84%	-14.79%	-1.19%	-13.14%	-49.03%	-	-29.93%
Revenue Q/Q Growth	-0.17%	0.86%	-0.46%	1.87%	1.29%	0.56%	-0.80%	3.62%	1.04%	-	-0.64%
EBITDA Q/Q Growth	-4.56%	-0.45%	14.28%	1.72%	-6.15%	17.36%	6.30%	24.43%	-1.40%	-	11.50%
EBIT Q/Q Growth	-4.63%	-0.51%	20.47%	-0.32%	-9.65%	23.09%	7.34%	33.17%	-3.52%	-	24.24%
NOPAT Q/Q Growth	-0.29%	10.87%	5.39%	0.61%	-10.79%	36.18%	5.95%	32.15%	-7.01%	-	27.46%
Net Income Q/Q Growth	-22.40%	111.62%	-27.62%	1.25%	-5.46%	77.67%	-30.79%	40.84%	70.91%	-	-36.85%
EPS Q/Q Growth	-23.73%	117.78%	-29.59%	1.45%	-5.71%	75.76%	-30.17%	43.21%	73.28%	-	-35.45%
Operating Cash Flow Q/Q Growth	46.78%	-28.78%	67.47%	-23.61%	7.54%	-12.14%	15.24%	5.45%	21.98%	-	47.13%
Free Cash Flow Firm Q/Q Growth	43.56%	45.25%	154.32%	69.42%	-10.64%	114.74%	-28.04%	67.29%	54.22%	-	22.16%
Invested Capital Q/Q Growth	-5.22%	14.44%	-22.44%	11.65%	-5.31%	-3.30%	-3.35%	-1.85%	-44.43%	-	-9.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	76.16%	75.90%	76.05%	75.48%	75.89%	75.73%	76.30%	77.56%	77.90%	-	77.86%
EBITDA Margin	21.66%	21.38%	24.55%	24.51%	22.71%	26.50%	28.40%	34.10%	33.28%	-	31.76%
Operating Margin	14.90%	14.70%	17.79%	17.41%	15.53%	19.01%	20.57%	26.43%	25.24%	-	25.06%
EBIT Margin	14.90%	14.70%	17.79%	17.41%	15.53%	19.01%	20.57%	26.43%	25.24%	-	25.06%
Profit (Net Income) Margin	12.42%	26.07%	18.95%	18.84%	17.58%	31.07%	21.67%	29.46%	49.83%	-	34.36%
Tax Burden Percent	75.99%	84.68%	74.09%	74.78%	73.84%	81.69%	80.63%	80.01%	77.12%	-	80.07%
Interest Burden Percent	109.70%	209.39%	143.81%	144.73%	153.36%	200.09%	130.70%	139.30%	256.02%	-	171.23%
Effective Tax Rate	24.01%	15.32%	25.91%	25.22%	26.16%	18.31%	19.37%	19.99%	22.88%	-	19.93%
Return on Invested Capital (ROIC)	127.00%	108.10%	118.47%	99.52%	93.35%	120.77%	145.20%	178.53%	217.13%	-	218.22%
ROIC Less NNEP Spread (ROIC-NNEP)	126.80%	105.74%	117.52%	98.58%	92.39%	118.43%	144.46%	177.29%	212.77%	-	216.25%
Return on Net Nonoperating Assets (RNNOA)	-119.07%	-97.99%	-109.47%	-90.96%	-85.86%	-110.05%	-135.45%	-165.87%	-202.56%	-	-205.85%
Return on Equity (ROE)	7.93%	10.12%	9.00%	8.56%	7.49%	10.72%	9.76%	12.66%	14.57%	-	12.37%
Cash Return on Invested Capital (CROIC)	-52.03%	28.69%	97.08%	95.60%	102.04%	120.10%	125.47%	151.16%	267.30%	-	241.61%
Operating Return on Assets (OROA)	7.82%	7.37%	8.62%	8.22%	7.19%	8.48%	9.10%	11.66%	10.99%	-	10.70%
Return on Assets (ROA)	6.52%	13.07%	9.18%	8.90%	8.14%	13.86%	9.59%	13.00%	21.70%	-	14.66%
Return on Common Equity (ROCE)	7.93%	10.12%	9.00%	8.56%	7.49%	10.72%	9.76%	12.66%	14.57%	-	12.37%
Return on Equity Simple (ROE_SIMPLE)	3.16%	0.00%	10.10%	10.27%	10.84%	0.00%	11.78%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	129	143	150	151	135	184	195	257	239	195	249
NOPAT Margin	11.32%	12.45%	13.18%	13.02%	11.47%	15.53%	16.58%	21.15%	19.47%	-	20.06%
Net Nonoperating Expense Percent (NNEP)	0.20%	2.37%	0.95%	0.94%	0.96%	2.34%	0.74%	1.24%	4.37%	-	1.97%
Return On Investment Capital (ROIC_SIMPLE)	-	1.78%	-	-	-	2.06%	2.19%	2.88%	2.58%	1.99%	2.49%
Cost of Revenue to Revenue	23.84%	24.10%	23.95%	24.52%	24.11%	24.27%	23.70%	22.44%	22.10%	-	22.14%
SG&A Expenses to Revenue	11.01%	10.93%	9.76%	9.42%	10.71%	8.08%	8.71%	6.32%	7.70%	-	7.77%
R&D to Revenue	17.32%	17.91%	18.01%	17.79%	18.94%	18.34%	17.49%	16.96%	17.08%	-	18.40%
Operating Expenses to Revenue	61.26%	61.20%	58.26%	58.07%	60.36%	56.73%	55.73%	51.13%	52.66%	-	52.80%
Earnings before Interest and Taxes (EBIT)	169	169	203	202	183	225	242	322	310	250	310
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	246	245	280	285	267	314	334	415	409	353	393
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.44	2.45	2.26	2.19	2.65	2.98	2.66	2.50	2.81	-	2.87
Price to Tangible Book Value (P/TBV)	2.54	2.55	2.35	2.27	2.75	3.09	2.75	2.59	2.91	-	2.99
Price to Revenue (P/Rev)	4.01	4.34	4.12	4.07	4.97	5.71	5.04	4.71	5.43	-	5.80
Price to Earnings (P/E)	76.95	30.85	22.42	21.34	24.44	26.38	22.57	18.86	16.38	-	13.82
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Earnings Yield	1.30%	3.24%	4.46%	4.69%	4.09%	3.79%	4.43%	5.30%	6.11%	-	7.24%
Enterprise Value to Invested Capital (EV/IC)	19.80	18.99	20.44	17.85	26.10	33.09	28.68	26.70	58.82	-	50.91
Enterprise Value to Revenue (EV/Rev)	2.49	2.72	2.42	2.35	3.22	3.91	3.26	2.94	3.56	-	3.86
Enterprise Value to EBITDA (EV/EBITDA)	19.70	14.47	10.72	10.18	13.82	15.93	12.75	10.51	11.63	-	12.11
Enterprise Value to EBIT (EV/EBIT)	49.39	23.41	15.35	14.47	19.68	22.46	17.96	14.39	15.57	-	15.96
Enterprise Value to NOPAT (EV/NOPAT)	92.61	30.57	19.80	18.58	25.47	29.24	22.94	18.10	19.63	-	20.33
Enterprise Value to Operating Cash Flow (EV/OCF)	7.68	7.69	6.24	5.72	7.96	9.39	8.29	7.31	8.31	-	9.41
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	82.22	22.39	18.76	25.68	25.35	22.72	16.42	14.86	-	17.36
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
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
Financial Leverage	-0.94	-0.93	-0.93	-0.92	-0.93	-0.93	-0.94	-0.94	-0.95	-	-0.95
Leverage Ratio	1.30	1.27	1.27	1.25	1.24	1.23	1.24	1.23	1.23	-	1.22
Compound Leverage Factor	1.43	2.66	1.83	1.81	1.91	2.47	1.61	1.72	3.15	-	2.10
Debt to Total Capital	0.00%	0.00%	0.48%	0.42%	0.43%	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%
Long-Term Debt to Total Capital	0.00%	0.00%	0.48%	0.42%	0.43%	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%
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%
Common Equity to Total Capital	100.00%	100.00%	99.52%	99.58%	99.57%	100.00%	100.00%	100.00%	100.00%	-	100.00%
Debt to EBITDA	0.00	0.00	0.04	0.03	0.03	0.00	0.00	0.00	0.00	-	0.00
Net Debt to EBITDA	0.00	0.00	-7.54	-7.50	-7.52	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.04	0.03	0.03	0.00	0.00	0.00	0.00	-	0.00
Debt to NOPAT	0.00	0.00	0.07	0.06	0.06	0.00	0.00	0.00	0.00	-	0.00
Net Debt to NOPAT	0.00	0.00	-13.92	-13.68	-13.87	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.07	0.06	0.06	0.00	0.00	0.00	0.00	-	0.00
Altman Z-Score	7.34	7.83	7.31	7.33	8.59	9.50	8.69	8.24	9.29	-	9.68
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.27	4.50	4.46	4.56	4.60	4.56	4.57	4.45	4.45	-	4.22
Quick Ratio	4.00	4.26	4.26	4.37	4.40	4.35	4.36	4.26	4.27	-	4.03
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-201	-110	86	146	130	280	201	337	519	334	408
Operating Cash Flow to CapEx	1,233.28%	1,894.42%	3,178.04%	533.44%	1,896.16%	5,094.38%	1,888.31%	6,476.78%	4,192.99%	-	2,470.56%
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
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
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
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.52	0.50	0.48	0.47	0.46	0.45	0.44	0.44	0.44	-	0.43
Accounts Receivable Turnover	8.15	8.28	8.16	8.35	9.52	9.05	9.35	9.10	10.98	-	10.44
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Fixed Asset Turnover	16.58	16.57	16.30	14.71	14.63	14.95	15.23	14.65	15.36	-	17.46
Accounts Payable Turnover	52.59	87.67	62.42	70.28	97.38	121.99	69.79	101.02	103.88	-	67.77
Days Sales Outstanding (DSO)	44.77	44.08	44.72	43.74	38.33	40.34	39.02	40.12	33.25	-	34.96
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Days Payable Outstanding (DPO)	6.94	4.16	5.85	5.19	3.75	2.99	5.23	3.61	3.51	-	5.39
Cash Conversion Cycle (CCC)	37.83	39.92	38.87	38.54	34.59	37.35	33.79	36.51	29.74	-	29.58
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	566	648	540	603	571	552	533	524	291	413	374
Invested Capital Turnover	11.22	8.68	8.99	7.65	8.14	7.78	8.76	8.44	11.16	-	10.88
Increase / (Decrease) in Invested Capital	330	253	64	5.59	4.77	-96	-6.44	-79	-280	-139	-160
Enterprise Value (EV)	11,204	12,297	11,033	10,758	14,895	18,263	15,299	13,977	17,111	-	19,029
Market Capitalization	18,051	19,669	18,792	18,680	23,004	26,647	23,668	22,404	26,107	-	28,627
Book Value per Share	$24.63	$26.34	$26.98	$27.57	$28.20	$29.15	$29.17	$29.58	$31.03	$33.12	$33.84
Tangible Book Value per Share	$23.61	$25.33	$25.98	$26.57	$27.20	$28.15	$28.16	$28.57	$30.00	$31.77	$32.48
Total Capital	7,413	8,019	8,339	8,561	8,717	8,935	8,902	8,950	9,287	9,808	9,971
Total Debt	0.00	0.00	40	36	38	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	40	36	38	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-6,847	-7,372	-7,759	-7,923	-8,109	-8,383	-8,369	-8,427	-8,996	-9,396	-9,597
Capital Expenditures (CapEx)	40	19	19	84	25	8.33	26	7.97	15	16	21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-763	-798	-948	-966	-1,023	-1,019	-1,023	-1,063	-1,188	-1,158	-1,177
Debt-free Net Working Capital (DFNWC)	5,732	6,164	6,426	6,554	6,679	6,773	6,769	6,716	6,756	6,659	6,543
Net Working Capital (NWC)	5,732	6,164	6,426	6,554	6,679	6,773	6,769	6,716	6,756	6,659	6,543
Net Nonoperating Expense (NNE)	-12	-156	-66	-68	-72	-184	-60	-101	-373	-479	-177
Net Nonoperating Obligations (NNO)	-6,847	-7,372	-7,759	-7,923	-8,109	-8,383	-8,369	-8,427	-8,996	-9,396	-9,597
Total Depreciation and Amortization (D&A)	77	77	77	83	85	89	92	93	99	103	83
Debt-free, Cash-free Net Working Capital to Revenue	-16.95%	-17.64%	-20.78%	-21.06%	-22.11%	-21.84%	-21.78%	-22.36%	-24.71%	-	-23.87%
Debt-free Net Working Capital to Revenue	127.41%	136.15%	140.83%	142.88%	144.32%	145.17%	144.06%	141.27%	140.57%	-	132.65%
Net Working Capital to Revenue	127.41%	136.15%	140.83%	142.88%	144.32%	145.17%	144.06%	141.27%	140.57%	-	132.65%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.47	$0.99	$0.70	$0.71	$0.67	$1.20	$0.84	$1.19	$2.05	$2.24	$1.45
Adjusted Weighted Average Basic Shares Outstanding	302.49M	300.75M	308.70M	309.14M	307.53M	307.98M	304.91M	301.78M	298.66M	300.50M	294.43M
Adjusted Diluted Earnings per Share	$0.45	$0.98	$0.69	$0.70	$0.66	$1.16	$0.81	$1.16	$2.01	$2.20	$1.42
Adjusted Weighted Average Diluted Shares Outstanding	310.39M	308.52M	315.36M	314.03M	314.19M	315.07M	312.78M	308.22M	305.02M	307.33M	300.23M
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	304.42M	307.56M	309.28M	307.79M	306.49M	305.23M	302.55M	299.29M	296.10M	294.67M	293.23M
Normalized Net Operating Profit after Tax (NOPAT)	129	143	150	151	135	184	195	257	239	195	249
Normalized NOPAT Margin	11.32%	12.45%	13.18%	13.02%	11.47%	15.53%	16.58%	21.15%	19.47%	-	20.06%
Pre Tax Income Margin	16.35%	30.78%	25.58%	25.19%	23.81%	38.03%	26.88%	36.82%	64.62%	-	42.91%
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
NOPAT to Interest Expense	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
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
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%
Augmented Payout Ratio	3.93%	0.00%	17.90%	50.00%	78.55%	108.28%	129.88%	129.57%	103.62%	-	75.53%

Financials Breakdown Chart

Key Financial Trends

Zoom (NASDAQ: ZM) has shown solid liquidity and healthy operating cash flow in recent quarters, with earnings buoyed in some periods by sizable non-operating investment income. Operating margins remain respectable and free cash flow has generally been positive, though capital returns via buybacks have been a notable cash outflow. Below are the key takeaways from the last four years of quarterly filings.

Gross margin has stayed in the mid-to-upper 70s percentage points across recent quarters (roughly 76–78%), indicating strong core profitability on services.
Operating cash flow remains robust, with net cash from continuing operating activities typically around the 0.5B per quarter range in 2026 (example: 629.3M in Q3 2026; 515.9M in Q2 2026; 489.3M in Q1 2026).
Net income attributable to common shareholders was notably strong in Q4 2026 at about 674.1M (EPS around 2.20–2.24), helping support a healthier quarterly bottom line.
Liquidity is substantial, with cash and short-term investments totaling roughly 7.9B–8.0B in recent quarters (e.g., cash 1.22B and short-term investments ~6.73B in Q3 2026).
Capital allocation has included meaningful share buybacks, returning capital to shareholders (examples: Repurchase of common equity around 323.7M in Q4 2026 and 354.6M in Q4 2025).
Capex has remained moderate, with quarterly purchases of property, plant & equipment typically in the tens of millions (e.g., PPE purchases around 16–21M in several quarters), helping preserve liquidity.
A sizable portion of net income in several quarters is driven by non-operating investment income, which can create earnings volatility and raise questions about sustainability.
Quarter-to-quarter results show some variability due to timing and composition of other income and expenses, making short-term trends less predictable.
Operating expenses (SG&A, marketing, and R&D) remain material relative to revenue, contributing to a moderate operating margin spread and indicating ongoing investment in growth and platform enhancements.
Financing activities have been consistently negative due to ongoing share repurchases, which suppresses cash from financing and reduces total year-to-date cash balance despite strong CFO.

05/24/26 06:18 PM ETAI Generated. May Contain Errors.

Zoom Communications Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Zoom Communications' financial year ends in January. Their financial year 2026 ended on January 31, 2026.

Zoom Communications' net income appears to be on an upward trend, with a most recent value of $1.90 billion in 2026, falling from -$3.82 million in 2018. The previous period was $1.01 billion in 2025. See where experts think Zoom Communications is headed by visiting Zoom Communications' forecast page.

Zoom Communications' total operating income in 2026 was $1.12 billion, based on the following breakdown:

Total Gross Profit: $3.75 billion
Total Operating Expenses: $2.63 billion

Over the last 8 years, Zoom Communications' total revenue changed from $151.48 million in 2018 to $4.87 billion in 2026, a change of 3,114.2%.

Zoom Communications' total liabilities were at $2.15 billion at the end of 2026, a 4.8% increase from 2025, and a 963.0% increase since 2019.

In the past 7 years, Zoom Communications' cash and equivalents has ranged from $63.62 million in 2019 to $2.24 billion in 2021, and is currently $1.27 billion as of their latest financial filing in 2026.

Over the last 8 years, Zoom Communications' book value per share changed from 0.00 in 2018 to 33.12 in 2026, a change of 3,312.5%.

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Financial statements for NASDAQ:ZM last updated on 5/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Zoom Communications (ZM) Financials

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