Logo

ZM

Zoom Communications, Inc.

ZM

Zoom Communications, Inc. • NASDAQ
$84.93 ▲ 0.59% (+0.50)
Market Cap $25.73 B
52w High $91.04
52w Low $64.41
Dividend Yield 0%
P/E 16.92
Volume 1.51M
Outstanding Shares 303.00M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2026 $1.23B ▲ $647.651M ▲ $612.873M ▲ 49.834% ▲ $2.03 ▲ $342.805M ▼
Q2-2026 $1.217B ▲ $622.327M ▼ $358.592M ▲ 29.46% ▲ $1.19 ▲ $353.898M ▲
Q1-2026 $1.175B ▼ $654.721M ▼ $254.603M ▼ 21.674% ▼ $0.835 ▼ $276.908M ▲
Q4-2025 $1.184B ▲ $671.72M ▼ $367.865M ▲ 31.066% ▲ $1.2 ▲ $259.654M ▲
Q3-2025 $1.178B $710.82M $207.05M 17.583% $0.67 $215.13M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2026 $7.955B ▲ $11.391B ▲ $2.104B ▲ $9.287B ▲
Q2-2026 $7.779B ▼ $11.044B ▲ $2.094B ▲ $8.95B ▲
Q1-2026 $7.793B ▲ $10.952B ▼ $2.05B ▼ $8.902B ▼
Q4-2025 $7.792B ▲ $10.988B ▲ $2.053B ▲ $8.935B ▲
Q3-2025 $7.702B $10.68B $2B $8.68B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2026 $612.873M ▲ $629.326M ▲ $-144.368M ▼ $-466.055M ▲ $18.889M ▲ $614.317M ▲
Q2-2026 $358.592M ▲ $515.94M ▲ $-60.673M ▲ $-494.862M ▼ $-38.173M ▲ $507.474M ▲
Q1-2026 $254.603M ▼ $489.261M ▲ $-125.13M ▼ $-490.53M ▼ $-114.545M ▼ $463.351M ▲
Q4-2025 $367.865M ▲ $424.566M ▼ $-4.886M ▲ $-328.971M ▼ $78.559M ▲ $416.232M ▼
Q3-2025 $207.05M $483.217M $-452.404M $-300.39M $-266.451M $457.733M

Revenue by Products

Product Q1-2026
Reportable Segment
Reportable Segment
 $1.17Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Zoom’s revenue has continued to grow each year, but the pace has slowed meaningfully since the pandemic surge. Profitability went through a clear cycle: very strong at the height of remote-work demand, then squeezed as costs rose and growth normalized, and now improving again. Recent results show that Zoom has restored solid profit margins and earnings after a weak patch, suggesting cost discipline and a more mature business model. The key watchpoints are whether revenue can re-accelerate beyond modest growth and whether margins can be kept stable as Zoom invests in new products and AI features.

Balance Sheet

Balance Sheet The balance sheet is a clear strength. Assets and shareholder equity have been steadily building, while debt remains very low and manageable. Cash levels have come down from their peak but still look comfortable, giving Zoom flexibility to invest, acquire, or weather slowdowns without relying heavily on borrowing. Overall, the company appears conservatively financed, with a strong cushion against economic or competitive shocks.

Cash Flow

Cash Flow Zoom consistently generates healthy cash from its operations, even in years when accounting profits were under pressure. Free cash flow has remained strong and has been trending upward again, supported by relatively light spending on physical assets and infrastructure. This means the business is not only profitable on paper but also converting earnings into real cash, providing room for ongoing product development, potential acquisitions, and shareholder returns, while still preserving a cash buffer.

Competitive Edge

Competitive Edge Zoom remains a leading name in video communications, with a strong brand and a reputation for reliability and ease of use. Its platform benefits from network effects: many people and organizations already know and default to Zoom, especially for external meetings. At the same time, it faces heavyweight competition from bundled offerings like Microsoft Teams and established enterprise players like Cisco Webex. To stay relevant, Zoom is expanding from a single video app into a broader collaboration and communications suite, which increases switching costs but also pits it more directly against large ecosystems. The moat looks real but not unbreakable, and ongoing product differentiation will be critical.

Innovation and R&D

Innovation and R&D Innovation is a central pillar for Zoom. The company has moved well beyond basic video calls into a full platform that includes phone services, contact center tools, persistent chat, whiteboarding, and now productivity and documentation through Zoom Docs. AI is a major focus: features like AI Companion for meeting summaries and drafting, intelligent camera controls, virtual agents, and smart layouts aim to deepen engagement and keep the experience “just works.” While the narrative is compelling, the real test will be adoption and monetization of these newer offerings in the face of fierce AI competition from larger platforms. R&D intensity is clearly high in strategy, even though exact spending levels are not shown here.

Summary

Zoom has transitioned from hyper-growth during the pandemic to a more stable, mature tech company. Revenue is still inching higher, but the story has shifted from explosive top-line growth to balanced growth with improving profitability and strong cash generation. Its financial footing is robust, with a clean balance sheet and reliable free cash flow, giving it room to invest. Strategically, Zoom is working to evolve from a single-purpose video tool into a broader AI-enhanced collaboration and communications platform, which could deepen its moat but also raises execution risk as it moves into crowded spaces dominated by tech giants. Overall, the company looks financially sound and innovation-driven, with the main uncertainties around long-term growth rates, competitive pressure, and the payoff from its AI and platform expansion efforts.

NEWS

November 24, 2025 · 4:05 PM UTC

Zoom Communications Reports Financial Results for the Third Quarter of Fiscal Year 2026

Read more

November 21, 2025 · 4:15 PM UTC

Imperative Care Presents Positive Real-World Data from Ischemic Stroke Patients Treated with ADAPT 2.0 Using the Zoom Stroke System

Read more

November 13, 2025 · 12:00 PM UTC

Converged Technology Professionals and Carahsoft Partner to Deliver Zoom Solutions for the State, Local and Education Market

Read more

October 28, 2025 · 2:30 PM UTC

Zoom pioneers the next era of custom enterprise AI with NVIDIA

Read more

October 16, 2025 · 4:36 AM UTC

Zoom Communications Inc. Investigated for Securities Fraud Violations - Contact the DJS Law Group to Discuss Your Rights - ZM

Read more