NASDAQ : ZM
Zoom Communications, Inc. — Financial statements
Technology · Software - Application · United States
Last price 95.5 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 27.87B
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Financial statements
Zoom Communications, Inc. (ZM) reported revenue of 4.99B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Revenue | 4.99B | 4.87B | 4.67B | 4.53B | 4.39B | 4.10B |
| Cost of Revenue | 1.12B | 1.10B | 1.13B | 1.08B | 1.10B | 1.05B |
| Gross Profit | 3.88B | 3.77B | 3.54B | 3.45B | 3.29B | 3.05B |
| Selling, General & Admin | 1.77B | 1.78B | 1.87B | 2.07B | 2.27B | 1.62B |
| Research & Development | 903.43M | 844.88M | 852.41M | 803.19M | 774.06M | 362.99M |
| Operating Expenses | 2.67B | 2.63B | 2.72B | 2.87B | 3.04B | 1.98B |
| Operating Income | 1.20B | 1.14B | 814.64M | 577.78M | 252.93M | 1.06B |
| Interest & Investment Income | 317.25M | 317.25M | 340.47M | 210.01M | 54.10M | |
| Currency Exchange Gain (Loss) | 23.80M | 23.80M | ||||
| Other Non Operating Income (Expenses) | -46.08M | -12.22M | -15.33M | -12.75M | -12.69M | -5.72M |
| EBT Excluding Unusual Items | 1.50B | 1.47B | 1.14B | 775.04M | 294.35M | 1.06B |
| Gain (Loss) on Sale of Investments | 2.70B | 969.82M | 177.14M | 109.77M | -37.57M | 43.76M |
| Asset Writedown | -18.20M | -18.20M | ||||
| Legal Settlements | -1.35M | -52.50M | -7.50M | |||
| Pretax Income | 4.18B | 2.42B | 1.32B | 832.31M | 249.28M | 1.10B |
| Income Tax Expense | 929.87M | 522.14M | 305.35M | 194.85M | 145.56M | -274.01M |
| Net Income | 3.26B | 1.90B | 1.01B | 637.46M | 103.71M | 1.38B |
| Preferred Dividends & Other Adjustments | 7.00K | 582.00K | ||||
| Net Income to Common | 3.26B | 1.90B | 1.01B | 637.46M | 103.70M | 1.38B |
| Shares Outstanding (Basic) | 295.67M | 300.50M | 307.98M | 300.75M | 296.56M | 296.33M |
| Shares Outstanding (Diluted) | 302.09M | 307.33M | 315.07M | 308.52M | 304.23M | 305.83M |
| EPS (Basic) | 11.01 | 6.32 | 3.28 | 2.12 | 0.35 | 4.64 |
| EPS (Diluted) | 10.78 | 6.18 | 3.21 | 2.07 | 0.34 | 4.50 |
| Free Cash Flow | 1.93B | 1.92B | 1.81B | 1.47B | 1.19B | 1.47B |
| Free Cash Flow Per Share | 6.38 | 6.26 | 5.74 | 4.77 | 3.90 | 4.82 |
| Gross Margin | 77.66% | 77.39% | 75.79% | 76.19% | 74.95% | 74.28% |
| Operating Margin | 24.10% | 23.45% | 17.46% | 12.76% | 5.76% | 25.94% |
| Profit Margin | 65.19% | 39.03% | 21.65% | 14.08% | 2.36% | 33.54% |
| Free Cash Flow Margin | 38.57% | 39.52% | 38.77% | 32.51% | 27.01% | 35.92% |
| EBITDA | 1.33B | 1.27B | 937.28M | 682.23M | 335.25M | 1.11B |
| EBITDA Margin | 26.71% | 26.18% | 20.09% | 15.07% | 7.63% | 27.12% |
| D&A For EBITDA | 130.46M | 132.83M | 122.63M | 104.45M | 82.32M | 48.19M |
| EBIT | 1.20B | 1.14B | 814.64M | 577.78M | 252.93M | 1.06B |
| EBIT Margin | 24.10% | 23.45% | 17.46% | 12.76% | 5.76% | 25.94% |
| Effective Tax Rate | 22.22% | 21.56% | 23.21% | 23.41% | 58.39% | |
| Advertising Expenses | 56.90M | 50.80M | 56.50M | 64.70M | 40.90M |
Balance sheet
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 931.99M | 1.27B | 1.35B | 1.56B | 1.09B | 1.06B |
| Short-Term Investments | 6.32B | 6.54B | 6.44B | 5.40B | 4.33B | 4.36B |
| Cash & Short-Term Investments | 7.25B | 7.82B | 7.79B | 6.96B | 5.41B | 5.42B |
| Receivables | 532.96M | 497.34M | 495.23M | 536.08M | 557.40M | 419.67M |
| Prepaid Expenses | 161.58M | 203.44M | 166.92M | 188.26M | 123.49M | 112.67M |
| Restricted Cash | 16.56M | 10.90M | 12.04M | 6.87M | 13.14M | 10.24M |
| Other Current Assets | 154.59M | 129.37M | 210.08M | 232.52M | 249.71M | 221.97M |
| Total Current Assets | 8.12B | 8.66B | 8.68B | 7.93B | 6.36B | 6.18B |
| Property, Plant & Equipment | 311.11M | 316.95M | 386.38M | 352.68M | 333.73M | 318.32M |
| Long-Term Investments | 3.79B | 1.58B | 591.48M | 409.22M | 398.99M | 367.81M |
| Goodwill | 599.18M | 400.39M | 307.30M | 307.30M | 122.64M | 27.61M |
| Other Intangible Assets | 106.09M | 71.24M | 58.65M | 72.17M | 56.66M | 23.99M |
| Long-Term Deferred Tax Assets | 328.89M | 646.64M | 749.76M | 662.18M | 558.43M | 382.30M |
| Long-Term Deferred Charges | 264.36M | 215.53M | 123.46M | 138.72M | 179.99M | 164.71M |
| Other Long-Term Assets | 74.48M | 73.10M | 95.42M | 61.30M | 121.22M | 82.77M |
| Total Assets | 13.59B | 11.96B | 10.99B | 9.93B | 8.13B | 7.55B |
| Accounts Payable | 14.36M | 6.27M | 8.35M | 10.18M | 14.41M | 7.84M |
| Accrued Expenses | 390.00M | 440.76M | 435.28M | 394.58M | 333.15M | 309.29M |
| Current Portion of Leases | 26.93M | 27.77M | 27.03M | 24.64M | 22.79M | 20.70M |
| Current Income Taxes Payable | 50.02M | 18.95M | 18.82M | 21.88M | 46.44M | 56.97M |
| Current Unearned Revenue | 1.55B | 1.41B | 1.34B | 1.25B | 1.27B | 1.14B |
| Other Current Liabilities | 90.61M | 94.30M | 77.44M | 59.06M | 55.33M | 43.47M |
| Total Current Liabilities | 2.12B | 2.00B | 1.90B | 1.76B | 1.74B | 1.58B |
| Long-Term Leases | 33.34M | 30.71M | 37.41M | 48.31M | 73.69M | 85.02M |
| Long-Term Unearned Revenue | 12.73M | 13.20M | 17.27M | 18.51M | 41.93M | 38.48M |
| Other Long-Term Liabilities | 114.36M | 109.06M | 95.36M | 81.38M | 67.19M | 68.11M |
| Total Liabilities | 2.28B | 2.15B | 2.05B | 1.91B | 1.92B | 1.77B |
| Common Stock | 292.00K | 295.00K | 305.00K | 307.00K | 294.00K | 299.00K |
| Additional Paid-In Capital | 3.67B | 4.10B | 5.13B | 5.23B | 4.10B | 3.75B |
| Retained Earnings | 7.67B | 5.70B | 3.80B | 2.79B | 2.15B | 2.05B |
| Comprehensive Income & Other | -31.00M | 8.54M | 4.99M | 1.06M | -50.38M | -17.90M |
| Total Common Equity | 11.30B | 9.81B | 8.94B | 8.02B | 6.21B | 5.78B |
| Shareholders' Equity | 11.30B | 9.81B | 8.94B | 8.02B | 6.21B | 5.78B |
| Total Liabilities & Equity | 13.59B | 11.96B | 10.99B | 9.93B | 8.13B | 7.55B |
| Total Debt | 60.27M | 58.48M | 64.43M | 72.95M | 96.48M | 105.72M |
| Net Cash (Debt) | 7.19B | 7.76B | 7.73B | 6.89B | 5.32B | 5.31B |
| Net Cash Per Share | 23.80 | 25.24 | 24.53 | 22.33 | 17.47 | 17.37 |
| Filing Date Shares Outstanding | 291.78M | 294.67M | 305.23M | 307.56M | 293.84M | 299.12M |
| Total Common Shares Outstanding | 292.33M | 295.53M | 305.74M | 307.56M | 293.82M | 299.04M |
| Working Capital | 5.99B | 6.66B | 6.77B | 6.16B | 4.62B | 4.60B |
| Book Value Per Share | 38.67 | 33.19 | 29.22 | 26.07 | 21.12 | 19.33 |
| Tangible Book Value | 10.60B | 9.34B | 8.57B | 7.64B | 6.03B | 5.73B |
| Tangible Book Value Per Share | 36.25 | 31.59 | 28.03 | 24.84 | 20.51 | 19.16 |
| Machinery | 446.21M | 438.35M | 480.45M | 49.76M | 52.70M | 43.98M |
| Leasehold Improvements | 54.31M | 57.76M | 54.88M | 43.98M | 25.95M | 25.34M |
Cash flow statement
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Net Income | 3.26B | 1.90B | 1.01B | 637.46M | 103.71M | 1.38B |
| Depreciation & Amortization | 130.46M | 132.83M | 122.63M | 104.45M | 82.32M | 48.19M |
| Other Amortization | 250.97M | 283.38M | 282.10M | 270.70M | 259.37M | 177.28M |
| Loss (Gain) From Sale of Investments | -2.72B | -998.73M | -248.78M | -160.54M | 38.78M | -18.45M |
| Stock-Based Compensation | 729.25M | 760.78M | 931.31M | 1.06B | 1.29B | 477.29M |
| Provision & Write-off of Bad Debts | 12.56M | 17.35M | 20.02M | 35.24M | 50.28M | 36.75M |
| Other Operating Activities | 564.62M | 161.62M | -45.27M | -91.02M | -117.11M | -304.98M |
| Change in Accounts Receivable | -13.82M | 2.82M | 26.64M | 53.27M | -231.84M | -159.18M |
| Change in Accounts Payable | 541.00K | -613.00K | -3.13M | -4.42M | 11.61M | -2.22M |
| Change in Unearned Revenue | 67.94M | 63.19M | 80.00M | -46.72M | 127.40M | 293.89M |
| Change in Other Net Operating Assets | -278.98M | -333.72M | -230.45M | -256.75M | -320.00M | -318.94M |
| Operating Cash Flow | 2.00B | 1.99B | 1.95B | 1.60B | 1.29B | 1.61B |
| Capital Expenditures | -74.55M | -64.96M | -136.56M | -126.95M | -103.83M | -132.59M |
| Cash Acquisitions | -368.45M | -119.80M | -204.92M | -120.55M | -3.50M | |
| Sale (Purchase) of Intangibles | -524.00K | -500.00K | -11.27M | -13.02M | ||
| Investment in Securities | -203.81M | -93.64M | -969.46M | -851.82M | -82.67M | -2.71B |
| Investing Cash Flow | -647.33M | -278.90M | -1.11B | -1.18B | -318.32M | -2.86B |
| Issuance of Common Stock | 74.98M | 63.69M | 65.80M | 64.29M | 63.06M | 73.73M |
| Repurchase of Common Stock | -1.69B | -1.87B | -1.09B | -4.11M | -1.00B | -40.00M |
| Other Financing Activities | 337.00K | |||||
| Financing Cash Flow | -1.62B | -1.81B | -1.03B | 60.19M | -936.94M | 34.07M |
| Foreign Exchange Rate Adjustments | 2.16M | 17.57M | -15.17M | -10.20M | -8.11M | |
| Net Cash Flow | -260.15M | -77.64M | -203.96M | 465.14M | 26.89M | -1.22B |
| Free Cash Flow | 1.93B | 1.92B | 1.81B | 1.47B | 1.19B | 1.47B |
| Free Cash Flow Margin | 38.57% | 39.52% | 38.77% | 32.51% | 27.01% | 35.92% |
| Free Cash Flow Per Share | 6.38 | 6.26 | 5.74 | 4.77 | 3.90 | 4.82 |
| Levered Free Cash Flow | 1.98B | 1.96B | 1.93B | 1.67B | 1.65B | 1.32B |
| Unlevered Free Cash Flow | 1.98B | 1.96B | 1.93B | 1.67B | 1.65B | 1.32B |
| Cash Income Tax Paid | 421.61M | 421.61M | 395.40M | 348.10M | 309.08M | 38.98M |
| Change in Working Capital | -224.31M | -268.33M | -126.95M | -254.62M | -412.84M | -186.45M |
Ratios
Fiscal year February - January; amounts in USD.
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 27.56B | 27.27B | 26.65B | 19.67B | 21.92B | 45.97B |
| Enterprise Value | 20.37B | 19.38B | 19.01B | 13.25B | 16.86B | 40.65B |
| Last Close Price | 95.50 | 92.10 | 86.94 | 64.61 | 75.00 | 154.28 |
| PE Ratio | 8.77 | 14.35 | 26.38 | 30.86 | 211.41 | 33.44 |
| Forward PE | 15.44 | 15.45 | 16.45 | 13.95 | 21.30 | 35.76 |
| PS Ratio | 5.58 | 5.60 | 5.71 | 4.34 | 4.99 | 11.21 |
| PB Ratio | 2.47 | 2.78 | 2.98 | 2.45 | 3.53 | 7.95 |
| P/TBV Ratio | 2.63 | 2.92 | 3.11 | 2.57 | 3.64 | 8.03 |
| P/FCF Ratio | 14.47 | 14.17 | 14.73 | 13.36 | 18.48 | 31.22 |
| P/OCF Ratio | 13.93 | 13.71 | 13.70 | 12.30 | 16.99 | 28.64 |
| PEG Ratio | 2.24 | 7.99 | 2.21 | 0.32 | 4.07 | 3.44 |
| EV/Sales Ratio | 4.14 | 3.98 | 4.08 | 2.93 | 3.84 | 9.92 |
| EV/EBITDA Ratio | 15.50 | 15.20 | 20.28 | 19.43 | 50.29 | 36.57 |
| EV/EBIT Ratio | 17.18 | 16.97 | 23.34 | 22.94 | 66.66 | 38.22 |
| EV/FCF Ratio | 10.74 | 10.07 | 10.51 | 9.01 | 14.21 | 27.61 |
| Debt / Equity Ratio | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
| Debt / EBITDA Ratio | 0.04 | 0.04 | 0.07 | 0.10 | 0.26 | 0.09 |
| Debt / FCF Ratio | 0.03 | 0.03 | 0.04 | 0.05 | 0.08 | 0.07 |
| Net Debt / Equity Ratio | -0.64 | -0.79 | -0.86 | -0.86 | -0.86 | -0.92 |
| Net Debt / EBITDA Ratio | -5.39 | -6.09 | -8.24 | -10.10 | -15.86 | -4.78 |
| Net Debt / FCF Ratio | -3.73 | -4.03 | -4.27 | -4.68 | -4.48 | -3.61 |
| Asset Turnover | 0.41 | 0.42 | 0.45 | 0.50 | 0.56 | 0.64 |
| Quick Ratio | 3.67 | 4.16 | 4.35 | 4.25 | 3.43 | 3.70 |
| Current Ratio | 3.83 | 4.33 | 4.56 | 4.50 | 3.66 | 3.92 |
| Return on Equity (ROE) | 32.14% | 20.28% | 11.92% | 8.96% | 1.73% | 28.54% |
| Return on Assets (ROA) | 6.11% | 6.22% | 4.87% | 4.00% | 2.02% | 10.35% |
| Return on Invested Capital (ROIC) | 29.14% | 54.99% | 53.52% | 43.81% | 15.51% | 228.01% |
| Return on Capital Employed (ROCE) | 10.50% | 11.50% | 9.00% | 7.10% | 4.00% | 17.80% |
| Earnings Yield | 11.41% | 6.97% | 3.79% | 3.24% | 0.47% | 2.99% |
| FCF Yield | 6.91% | 7.05% | 6.79% | 7.48% | 5.41% | 3.20% |
| Buyback Yield / Dilution | 3.48% | 2.46% | -2.12% | -1.41% | 0.52% | -2.58% |