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Zoom Communications (ZM) Financials

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$95.46 -0.72 (-0.75%)
Closing price 04:00 PM Eastern
Extended Trading
$95.11 -0.35 (-0.37%)
As of 07:42 PM Eastern
Extended trading is trading that happens on electronic markets outside of regular trading hours. This is a fair market value extended hours price provided by Massive. Learn more.
Annual Income Statements for Zoom Communications

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

Quarterly Income Statements for Zoom Communications

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

Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 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 7/31/2026
Total Costs & Expenses
- - - - - - 622 - - - 671
Net Income / (Loss) Attributable to Common Shareholders
299 216 219 207 368 255 359 613 674 426 1,542
Consolidated Net Income / (Loss)
299 216 219 207 368 255 359 613 674 426 1,542
Net Income / (Loss) Continuing Operations
299 216 219 207 368 255 359 613 674 426 1,542
Total Pre-Tax Income
353 292 293 280 450 316 448 795 864 532 1,995
Total Operating Income
169 203 202 183 225 242 322 310 250 310 314
Total Gross Profit
870 868 877 894 897 896 944 958 951 965 985
Total Revenue
1,146 1,141 1,163 1,178 1,184 1,175 1,217 1,230 1,247 1,239 1,277
Operating Revenue
1,146 1,141 1,163 1,178 1,184 1,175 1,217 1,230 1,247 1,239 1,277
Total Cost of Revenue
276 273 285 284 287 278 273 272 296 274 292
Operating Cost of Revenue
276 273 285 284 287 278 273 272 296 274 292
Total Operating Expenses
702 665 675 711 672 655 622 648 701 654 671
Selling, General & Admin Expense
125 111 110 126 96 102 77 95 119 96 98
Marketing Expense
371 348 359 362 359 347 339 343 360 330 331
Research & Development Expense
205 206 207 223 217 205 206 210 223 228 242
Total Other Income / (Expense), net
184 89 91 98 225 74 126 484 614 221 1,681
Interest & Investment Income
184 89 91 98 225 74 126 484 614 221 1,681
Income Tax Expense
54 76 74 73 82 61 90 182 190 106 453
Basic Earnings per Share
$0.99 $0.70 $0.71 $0.67 $1.20 $0.84 $1.19 $2.05 $2.24 $1.45 $5.27
Weighted Average Basic Shares Outstanding
300.75M 308.70M 309.14M 307.53M 307.98M 304.91M 301.78M 298.66M 300.50M 294.43M 292.88M
Diluted Earnings per Share
$0.98 $0.69 $0.70 $0.66 $1.16 $0.81 $1.16 $2.01 $2.20 $1.42 $5.15
Weighted Average Diluted Shares Outstanding
308.52M 315.36M 314.03M 314.19M 315.07M 312.78M 308.22M 305.02M 307.33M 300.23M 299.75M
Weighted Average Basic & Diluted Shares Outstanding
307.56M 309.28M 307.79M 306.49M 305.23M 302.55M 299.29M 296.10M 294.67M 293.23M 291.78M

Annual Cash Flow Statements for Zoom Communications

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

Quarterly Cash Flow Statements for Zoom Communications

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 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 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 7/31/2026
Net Change in Cash & Equivalents
67 331 -347 -266 79 -115 -38 19 56 -353 18
Net Cash From Operating Activities
351 588 449 483 425 489 516 629 355 522 495
Net Cash From Continuing Operating Activities
351 588 449 483 425 489 516 629 355 522 495
Net Income / (Loss) Continuing Operations
299 216 219 207 368 255 359 613 674 426 1,542
Consolidated Net Income / (Loss)
299 216 219 207 368 255 359 613 674 426 1,542
Depreciation Expense
27 27 29 32 35 35 32 32 33 33 32
Amortization Expense
49 50 54 52 54 57 61 67 70 50 51
Non-Cash Adjustments To Reconcile Net Income
153 231 255 243 94 220 104 -161 -319 36 -1,424
Changes in Operating Assets and Liabilities, net
-178 63 -107 -51 -126 -77 -40 79 -103 -23 293
Net Cash From Investing Activities
-319 -108 -541 -452 -4.89 -125 -61 -144 51 -481 -74
Net Cash From Continuing Investing Activities
-319 -108 -541 -452 -4.89 -125 -61 -144 51 -481 -74
Purchase of Property, Plant & Equipment
-19 -19 -84 -25 -8.33 -26 -7.97 -15 -16 -21 -22
Purchase of Investments
-1,138 -871 -1,324 -1,521 -925 -1,135 -1,120 -1,126 -1,542 -1,318 -3,611
Sale and/or Maturity of Investments
775 777 867 1,094 920 1,036 1,065 995 1,733 858 3,809
Net Cash From Financing Activities
24 -142 -256 -300 -329 -491 -495 -466 -354 -394 -401
Net Cash From Continuing Financing Activities
24 -142 -256 -300 -329 -491 -495 -466 -354 -394 -401
Repurchase of Common Equity
- -150 -288 -302 -355 -418 -465 -414 -324 -362 -361
Other Financing Activities, net
2.65 7.60 -2.88 1.23 5.85 -73 -66 -52 -55 -32 -81
Effect of Exchange Rate Changes
11 -6.85 0.71 3.13 -12 12 1.42 -0.01 4.31 0.31 -2.45

Annual Balance Sheets for Zoom Communications

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

Quarterly Balance Sheets for Zoom Communications

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 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026 Q1 2027 Q2 2027
Period end date 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 7/31/2026
Total Assets
8,536 8,923 9,317 10,297 10,507 10,680 10,952 11,044 11,391 12,162 13,585
Total Current Assets
6,568 7,051 7,485 8,282 8,395 8,532 8,667 8,663 8,715 8,575 8,115
Cash & Equivalents
1,030 1,380 1,493 1,886 1,539 1,274 1,229 1,199 1,216 891 932
Short-Term Investments
4,567 4,648 5,002 5,489 5,981 6,428 6,564 6,580 6,727 6,830 6,318
Accounts Receivable
591 571 514 528 528 458 477 517 418 468 533
Prepaid Expenses
171 244 271 182 149 182 221 190 179 261 194
Other Current Assets
210 207 205 198 198 190 176 177 175 125 139
Plant, Property, & Equipment, net
255 276 292 305 348 341 312 301 285 253 255
Total Noncurrent Assets
1,713 1,596 1,541 1,710 1,764 1,807 1,973 2,079 2,391 3,334 5,215
Long-Term Investments
452 377 353 425 439 445 576 648 1,053 1,876 3,786
Goodwill
304 307 307 307 307 307 307 307 307 400 599
Noncurrent Deferred & Refundable Income Taxes
533 541 532 674 718 731 769 805 746 628 329
Other Noncurrent Operating Assets
424 371 349 304 300 324 320 319 285 429 501
Total Liabilities & Shareholders' Equity
8,536 8,923 9,317 10,297 10,507 10,680 10,952 11,044 11,391 12,162 13,585
Total Liabilities
2,012 1,921 1,904 1,998 1,982 2,000 2,050 2,094 2,104 2,191 2,282
Total Current Liabilities
1,844 1,767 1,753 1,856 1,841 1,853 1,897 1,948 1,959 2,032 2,121
Accounts Payable
17 21 14 18 11 8.54 14 12 13 19 14
Accrued Expenses
490 397 441 502 439 481 474 471 515 533 558
Current Deferred Revenue
1,338 1,349 1,297 1,336 1,391 1,363 1,409 1,465 1,432 1,480 1,549
Total Noncurrent Liabilities
168 153 151 142 141 147 152 146 145 159 160
Noncurrent Deferred Revenue
29 20 19 16 15 16 16 14 13 14 13
Other Noncurrent Operating Liabilities
140 133 132 85 89 93 136 132 132 146 148
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
6,524 7,002 7,413 8,299 8,525 8,680 8,902 8,950 9,287 9,971 11,304
Total Preferred & Common Equity
6,524 7,002 7,413 8,299 8,525 8,680 8,902 8,950 9,287 9,971 11,304
Total Common Equity
6,524 7,002 7,413 8,299 8,525 8,680 8,902 8,950 9,287 9,971 11,304
Common Stock
4,392 4,690 4,950 5,311 5,298 5,241 4,833 4,538 4,251 3,854 3,667
Retained Earnings
2,167 2,349 2,490 3,006 3,225 3,432 4,054 4,413 5,026 6,125 7,668
Accumulated Other Comprehensive Income / (Loss)
-35 -37 -27 -17 2.19 6.79 15 -0.48 10 -8.13 -31

Annual Metrics And Ratios for Zoom Communications

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
- - - - - - - - -

Quarterly Metrics And Ratios for Zoom Communications

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

Metric Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026 Q4 2026 Q1 2027 Q2 2027
Period end date 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 7/31/2026
DEI Shares Outstanding
- - - - - - - - 296,100,969.00 294,666,886.00 293,232,218.00
DEI Adjusted Shares Outstanding
- - - - - - - - 296,100,969.00 294,666,886.00 293,232,218.00
DEI Earnings Per Adjusted Shares Outstanding
- - - - - - - - 2.28 1.44 5.26
Growth Metrics
- - - - - - - - - - -
Revenue Growth
2.56% 3.25% 2.09% 3.59% 3.29% 2.93% 4.71% 4.44% - 5.47% 4.93%
EBITDA Growth
786.74% 179.36% 10.45% 8.61% 28.03% 19.09% 45.67% 53.05% - 17.94% -4.29%
EBIT Growth
229.75% 1,983.99% 13.94% 7.94% 33.54% 19.00% 58.98% 69.77% - 28.51% -2.31%
NOPAT Growth
256.97% 4,221.79% 17.22% 4.88% 28.82% 29.51% 70.12% 77.32% - 27.62% -5.60%
Net Income Growth
387.20% 1,300.60% 20.36% 46.62% 23.10% 17.70% 63.73% 196.00% - 67.19% 330.14%
EPS Growth
388.24% 1,280.00% 18.64% 46.67% 18.37% 17.39% 65.71% 204.55% - 75.31% 343.97%
Operating Cash Flow Growth
65.99% 40.55% 33.74% -2.01% 20.88% -16.82% 14.82% 30.24% - 6.61% -4.11%
Free Cash Flow Firm Growth
77.68% 114.49% 140.93% 164.80% 354.16% 133.95% 131.00% 298.66% - 102.87% 48.08%
Invested Capital Growth
64.00% 13.54% 0.94% 0.84% -14.79% -1.19% -13.14% -49.03% - -29.93% -48.81%
Revenue Q/Q Growth
0.86% -0.46% 1.87% 1.29% 0.56% -0.80% 3.62% 1.04% - -0.64% 3.08%
EBITDA Q/Q Growth
-0.45% 14.28% 1.72% -6.15% 17.36% 6.30% 24.43% -1.40% - 11.50% 0.98%
EBIT Q/Q Growth
-0.51% 20.47% -0.32% -9.65% 23.09% 7.34% 33.17% -3.52% - 24.24% 1.24%
NOPAT Q/Q Growth
10.87% 5.39% 0.61% -10.79% 36.18% 5.95% 32.15% -7.01% - 27.46% -2.25%
Net Income Q/Q Growth
111.62% -27.62% 1.25% -5.46% 77.67% -30.79% 40.84% 70.91% - -36.85% 262.35%
EPS Q/Q Growth
117.78% -29.59% 1.45% -5.71% 75.76% -30.17% 43.21% 73.28% - -35.45% 262.68%
Operating Cash Flow Q/Q Growth
-28.78% 67.47% -23.61% 7.54% -12.14% 15.24% 5.45% 21.98% - 47.13% -5.15%
Free Cash Flow Firm Q/Q Growth
45.25% 154.32% 69.42% -10.64% 114.74% -28.04% 67.29% 54.22% - 22.16% 22.11%
Invested Capital Q/Q Growth
14.44% -22.44% 11.65% -5.31% -3.30% -3.35% -1.85% -44.43% - -9.45% -28.29%
Profitability Metrics
- - - - - - - - - - -
Gross Margin
75.90% 76.05% 75.48% 75.89% 75.73% 76.30% 77.56% 77.90% - 77.86% 77.16%
EBITDA Margin
21.38% 24.55% 24.51% 22.71% 26.50% 28.40% 34.10% 33.28% - 31.76% 31.11%
Operating Margin
14.70% 17.79% 17.41% 15.53% 19.01% 20.57% 26.43% 25.24% - 25.06% 24.61%
EBIT Margin
14.70% 17.79% 17.41% 15.53% 19.01% 20.57% 26.43% 25.24% - 25.06% 24.61%
Profit (Net Income) Margin
26.07% 18.95% 18.84% 17.58% 31.07% 21.67% 29.46% 49.83% - 34.36% 120.77%
Tax Burden Percent
84.68% 74.09% 74.78% 73.84% 81.69% 80.63% 80.01% 77.12% - 80.07% 77.32%
Interest Burden Percent
209.39% 143.81% 144.73% 153.36% 200.09% 130.70% 139.30% 256.02% - 171.23% 634.70%
Effective Tax Rate
15.32% 25.91% 25.22% 26.16% 18.31% 19.37% 19.99% 22.88% - 19.93% 22.68%
Return on Invested Capital (ROIC)
108.10% 118.47% 99.52% 93.35% 120.77% 145.20% 178.53% 217.13% - 218.22% 240.05%
ROIC Less NNEP Spread (ROIC-NNEP)
105.74% 117.52% 98.58% 92.39% 118.43% 144.46% 177.29% 212.77% - 216.25% 226.70%
Return on Net Nonoperating Assets (RNNOA)
-97.99% -109.47% -90.96% -85.86% -110.05% -135.45% -165.87% -202.56% - -205.85% -217.84%
Return on Equity (ROE)
10.12% 9.00% 8.56% 7.49% 10.72% 9.76% 12.66% 14.57% - 12.37% 22.21%
Cash Return on Invested Capital (CROIC)
28.69% 97.08% 95.60% 102.04% 120.10% 125.47% 151.16% 267.30% - 241.61% 297.47%
Operating Return on Assets (OROA)
7.37% 8.62% 8.22% 7.19% 8.48% 9.10% 11.66% 10.99% - 10.70% 9.98%
Return on Assets (ROA)
13.07% 9.18% 8.90% 8.14% 13.86% 9.59% 13.00% 21.70% - 14.66% 48.97%
Return on Common Equity (ROCE)
10.12% 9.00% 8.56% 7.49% 10.72% 9.76% 12.66% 14.57% - 12.37% 22.21%
Return on Equity Simple (ROE_SIMPLE)
0.00% 10.10% 10.27% 10.84% 0.00% 11.78% 0.00% 0.00% - 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)
143 150 151 135 184 195 257 239 195 249 243
NOPAT Margin
12.45% 13.18% 13.02% 11.47% 15.53% 16.58% 21.15% 19.47% - 20.06% 19.03%
Net Nonoperating Expense Percent (NNEP)
2.37% 0.95% 0.94% 0.96% 2.34% 0.74% 1.24% 4.37% - 1.97% 13.35%
Return On Investment Capital (ROIC_SIMPLE)
1.78% - - - 2.06% 2.19% 2.88% 2.58% 1.99% 2.49% 2.15%
Cost of Revenue to Revenue
24.10% 23.95% 24.52% 24.11% 24.27% 23.70% 22.44% 22.10% - 22.14% 22.84%
SG&A Expenses to Revenue
10.93% 9.76% 9.42% 10.71% 8.08% 8.71% 6.32% 7.70% - 7.77% 7.69%
R&D to Revenue
17.91% 18.01% 17.79% 18.94% 18.34% 17.49% 16.96% 17.08% - 18.40% 18.99%
Operating Expenses to Revenue
61.20% 58.26% 58.07% 60.36% 56.73% 55.73% 51.13% 52.66% - 52.80% 52.55%
Earnings before Interest and Taxes (EBIT)
169 203 202 183 225 242 322 310 250 310 314
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)
245 280 285 267 314 334 415 409 353 393 397
Valuation Ratios
- - - - - - - - - - -
Price to Book Value (P/BV)
2.45 2.26 2.19 2.65 2.98 2.66 2.50 2.81 - 2.87 2.49
Price to Tangible Book Value (P/TBV)
2.55 2.35 2.27 2.75 3.09 2.75 2.59 2.91 - 2.99 2.63
Price to Revenue (P/Rev)
4.34 4.12 4.07 4.97 5.71 5.04 4.71 5.43 - 5.80 5.64
Price to Earnings (P/E)
30.85 22.42 21.34 24.44 26.38 22.57 18.86 16.38 - 13.82 8.65
Dividend Yield
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% - 0.00% 0.00%
Earnings Yield
3.24% 4.46% 4.69% 4.09% 3.79% 4.43% 5.30% 6.11% - 7.24% 11.55%
Enterprise Value to Invested Capital (EV/IC)
18.99 20.44 17.85 26.10 33.09 28.68 26.70 58.82 - 50.91 63.93
Enterprise Value to Revenue (EV/Rev)
2.72 2.42 2.35 3.22 3.91 3.26 2.94 3.56 - 3.86 3.43
Enterprise Value to EBITDA (EV/EBITDA)
14.47 10.72 10.18 13.82 15.93 12.75 10.51 11.63 - 12.11 11.03
Enterprise Value to EBIT (EV/EBIT)
23.41 15.35 14.47 19.68 22.46 17.96 14.39 15.57 - 15.96 14.46
Enterprise Value to NOPAT (EV/NOPAT)
30.57 19.80 18.58 25.47 29.24 22.94 18.10 19.63 - 20.33 18.59
Enterprise Value to Operating Cash Flow (EV/OCF)
7.69 6.24 5.72 7.96 9.39 8.29 7.31 8.31 - 9.41 8.57
Enterprise Value to Free Cash Flow (EV/FCFF)
82.22 22.39 18.76 25.68 25.35 22.72 16.42 14.86 - 17.36 14.55
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
-0.93 -0.93 -0.92 -0.93 -0.93 -0.94 -0.94 -0.95 - -0.95 -0.96
Leverage Ratio
1.27 1.27 1.25 1.24 1.23 1.24 1.23 1.23 - 1.22 1.22
Compound Leverage Factor
2.66 1.83 1.81 1.91 2.47 1.61 1.72 3.15 - 2.10 7.72
Debt to Total Capital
0.00% 0.48% 0.42% 0.43% 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%
Long-Term Debt to Total Capital
0.00% 0.48% 0.42% 0.43% 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%
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% 99.52% 99.58% 99.57% 100.00% 100.00% 100.00% 100.00% - 100.00% 100.00%
Debt to EBITDA
0.00 0.04 0.03 0.03 0.00 0.00 0.00 0.00 - 0.00 0.00
Net Debt to EBITDA
0.00 -7.54 -7.50 -7.52 0.00 0.00 0.00 0.00 - 0.00 0.00
Long-Term Debt to EBITDA
0.00 0.04 0.03 0.03 0.00 0.00 0.00 0.00 - 0.00 0.00
Debt to NOPAT
0.00 0.07 0.06 0.06 0.00 0.00 0.00 0.00 - 0.00 0.00
Net Debt to NOPAT
0.00 -13.92 -13.68 -13.87 0.00 0.00 0.00 0.00 - 0.00 0.00
Long-Term Debt to NOPAT
0.00 0.07 0.06 0.06 0.00 0.00 0.00 0.00 - 0.00 0.00
Altman Z-Score
7.83 7.31 7.33 8.59 9.50 8.69 8.24 9.29 - 9.68 9.17
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
4.50 4.46 4.56 4.60 4.56 4.57 4.45 4.45 - 4.22 3.83
Quick Ratio
4.26 4.26 4.37 4.40 4.35 4.36 4.26 4.27 - 4.03 3.67
Cash Flow Metrics
- - - - - - - - - - -
Free Cash Flow to Firm (FCFF)
-110 86 146 130 280 201 337 519 334 408 499
Operating Cash Flow to CapEx
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% 2,213.35%
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
0.50 0.48 0.47 0.46 0.45 0.44 0.44 0.44 - 0.43 0.41
Accounts Receivable Turnover
8.28 8.16 8.35 9.52 9.05 9.35 9.10 10.98 - 10.44 9.51
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
16.57 16.30 14.71 14.63 14.95 15.23 14.65 15.36 - 17.46 17.96
Accounts Payable Turnover
87.67 62.42 70.28 97.38 121.99 69.79 101.02 103.88 - 67.77 87.25
Days Sales Outstanding (DSO)
44.08 44.72 43.74 38.33 40.34 39.02 40.12 33.25 - 34.96 38.37
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)
4.16 5.85 5.19 3.75 2.99 5.23 3.61 3.51 - 5.39 4.18
Cash Conversion Cycle (CCC)
39.92 38.87 38.54 34.59 37.35 33.79 36.51 29.74 - 29.58 34.19
Capital & Investment Metrics
- - - - - - - - - - -
Invested Capital
648 540 603 571 552 533 524 291 413 374 268
Invested Capital Turnover
8.68 8.99 7.65 8.14 7.78 8.76 8.44 11.16 - 10.88 12.62
Increase / (Decrease) in Invested Capital
253 64 5.59 4.77 -96 -6.44 -79 -280 -139 -160 -256
Enterprise Value (EV)
12,297 11,033 10,758 14,895 18,263 15,299 13,977 17,111 - 19,029 17,135
Market Capitalization
19,669 18,792 18,680 23,004 26,647 23,668 22,404 26,107 - 28,627 28,171
Book Value per Share
$26.34 $26.98 $27.57 $28.20 $29.15 $29.17 $29.58 $31.03 $33.12 $33.84 $38.55
Tangible Book Value per Share
$25.33 $25.98 $26.57 $27.20 $28.15 $28.16 $28.57 $30.00 $31.77 $32.48 $36.51
Total Capital
8,019 8,339 8,561 8,717 8,935 8,902 8,950 9,287 9,808 9,971 11,304
Total Debt
0.00 40 36 38 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt
0.00 40 36 38 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt
-7,372 -7,759 -7,923 -8,109 -8,383 -8,369 -8,427 -8,996 -9,396 -9,597 -11,036
Capital Expenditures (CapEx)
19 19 84 25 8.33 26 7.97 15 16 21 22
Debt-free, Cash-free Net Working Capital (DFCFNWC)
-798 -948 -966 -1,023 -1,019 -1,023 -1,063 -1,188 -1,158 -1,177 -1,256
Debt-free Net Working Capital (DFNWC)
6,164 6,426 6,554 6,679 6,773 6,769 6,716 6,756 6,659 6,543 5,994
Net Working Capital (NWC)
6,164 6,426 6,554 6,679 6,773 6,769 6,716 6,756 6,659 6,543 5,994
Net Nonoperating Expense (NNE)
-156 -66 -68 -72 -184 -60 -101 -373 -479 -177 -1,299
Net Nonoperating Obligations (NNO)
-7,372 -7,759 -7,923 -8,109 -8,383 -8,369 -8,427 -8,996 -9,396 -9,597 -11,036
Total Depreciation and Amortization (D&A)
77 77 83 85 89 92 93 99 103 83 83
Debt-free, Cash-free Net Working Capital to Revenue
-17.64% -20.78% -21.06% -22.11% -21.84% -21.78% -22.36% -24.71% - -23.87% -25.15%
Debt-free Net Working Capital to Revenue
136.15% 140.83% 142.88% 144.32% 145.17% 144.06% 141.27% 140.57% - 132.65% 120.05%
Net Working Capital to Revenue
136.15% 140.83% 142.88% 144.32% 145.17% 144.06% 141.27% 140.57% - 132.65% 120.05%
Earnings Adjustments
- - - - - - - - - - -
Adjusted Basic Earnings per Share
$0.99 $0.70 $0.71 $0.67 $1.20 $0.84 $1.19 $2.05 $2.24 $1.45 $5.27
Adjusted Weighted Average Basic Shares Outstanding
300.75M 308.70M 309.14M 307.53M 307.98M 304.91M 301.78M 298.66M 300.50M 294.43M 292.88M
Adjusted Diluted Earnings per Share
$0.98 $0.69 $0.70 $0.66 $1.16 $0.81 $1.16 $2.01 $2.20 $1.42 $5.15
Adjusted Weighted Average Diluted Shares Outstanding
308.52M 315.36M 314.03M 314.19M 315.07M 312.78M 308.22M 305.02M 307.33M 300.23M 299.75M
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
307.56M 309.28M 307.79M 306.49M 305.23M 302.55M 299.29M 296.10M 294.67M 293.23M 291.78M
Normalized Net Operating Profit after Tax (NOPAT)
143 150 151 135 184 195 257 239 195 249 243
Normalized NOPAT Margin
12.45% 13.18% 13.02% 11.47% 15.53% 16.58% 21.15% 19.47% - 20.06% 19.03%
Pre Tax Income Margin
30.78% 25.58% 25.19% 23.81% 38.03% 26.88% 36.82% 64.62% - 42.91% 156.20%
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
0.00% 17.90% 50.00% 78.55% 108.28% 129.88% 129.57% 103.62% - 75.53% 44.84%

Financials Breakdown Chart

Key Financial Trends

Zoom Communications’ financial statements show a company that has steadily improved profitability and expanded its balance sheet since fiscal 2022, although recent earnings growth is heavily influenced by investment income rather than operating revenue. The latest reported quarter, Q2 fiscal 2027, ended July 31, 2026.

Revenue growth has been consistent but moderate. Quarterly revenue increased from approximately $1.05 billion in Q3 fiscal 2022 to $1.28 billion in Q2 fiscal 2027. The latest quarter’s revenue rose 3.1% from Q1 fiscal 2027 and 4.9% from Q2 fiscal 2026. This indicates continued expansion, but growth remains well below the rapid rates Zoom achieved earlier in its corporate history.

Operating profitability has improved significantly. Q2 fiscal 2027 gross profit was $985.5 million, representing a gross margin of approximately 77.2%. Operating income was $314.3 million, compared with $187.1 million in Q3 fiscal 2022 and $9.7 million in Q1 fiscal 2024. The latest operating margin was approximately 24.6%, showing that cost controls and operating leverage have strengthened the core business.

Net income reached an unusually high level. Zoom reported $1.54 billion of net income in Q2 fiscal 2027, compared with $425.7 million in Q1 and $358.6 million in Q2 fiscal 2026. However, $1.68 billion of interest and investment income accounted for most of the quarter’s $1.99 billion in pretax income. Investors should therefore avoid treating the latest $5.15 diluted earnings per share as representative of recurring operating earnings.

  • Revenue has continued to rise: Quarterly revenue grew from approximately $1.05 billion in Q3 fiscal 2022 to $1.28 billion in Q2 fiscal 2027, with the latest quarter posting year-over-year growth of nearly 5%.
  • Core operating margins have expanded: Operating income improved to $314.3 million in Q2 fiscal 2027, producing a 24.6% operating margin versus much lower levels in fiscal 2023 and early fiscal 2024.
  • Operating cash flow remains strong: Zoom generated $494.8 million in operating cash flow in Q2 fiscal 2027 and has produced positive operating cash flow in every supplied quarter.
  • Liquidity and equity have grown substantially: Total assets reached $13.6 billion and shareholders’ equity reached $11.3 billion in the latest quarter, up from $7.0 billion and $5.1 billion, respectively, in Q3 fiscal 2022.
  • Zoom has no material debt burden shown in the supplied statements: Total liabilities were $2.28 billion against $11.3 billion of equity, leaving the company with a strong balance sheet and significant financial flexibility.
  • Share repurchases support per-share results: Zoom repurchased approximately $360.5 million of common stock in Q2 fiscal 2027 and has regularly repurchased shares over the past several years.
  • Investment income is becoming a major earnings contributor: Cash, short-term investments and long-term investments totaled approximately $11.0 billion at the latest quarter-end, creating substantial interest income but also making reported earnings more sensitive to interest rates and investment returns.
  • Deferred revenue remains large: Current and noncurrent deferred revenue totaled approximately $1.56 billion, providing visibility into future revenue recognition but also representing services that still must be delivered.
  • Cash and short-term investments declined from the prior quarter: Cash and equivalents fell to $932.0 million from $890.9 million in Q1 fiscal 2027 only after considering investment movements, while short-term investments declined by more than $510 million. The company’s liquidity remains high, but its cash mix is changing.
  • Operating cash flow softened: Q2 fiscal 2027 operating cash flow of $494.8 million was below $521.6 million in Q1 and $515.9 million in Q2 fiscal 2026, despite the sharp increase in reported net income.

Overall, Zoom’s statements point to a financially strong, cash-generative company with improving operating margins, substantial investments and an aggressive share-repurchase program. The main caution is earnings quality: the latest surge in net income was driven primarily by investment income, while revenue growth and operating cash flow remained comparatively modest. Retail investors may want to focus more on recurring revenue growth, operating income and free cash flow than on the latest quarter’s unusually high earnings per share.

09/10/26 11:10 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%.



Financial statements for NASDAQ:ZM last updated on 8/26/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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