Zoom Communications, Inc. ZM

Technology SIC 7370 - Services-Computer Programming, Data Processing, Etc. NAICS Professional, Scientific, and Technical Services › Computer Systems Design and Related Services derived Nasdaq

Zoom is redefining modern work as a system of action, turning live collaboration into completed results. From entrepreneurs to global enterprises, customers choose Zoom to seamlessly collaborate, communicate, and drive outcomes across meetings, chat, phone, contact center, events, and more — all with the built-in assistance of Zoom AI Companion. Our mission to deliver happiness, grounded in our core value of care, is fundamental to everything we do at Zoom.

Our platform bridges work both inside and outside the organization by integrating AI capabilities across employee collaboration and customer-facing workflows, enabling seamless communication, collaboration, and engagement through Zoom Workplace and Zoom Business Services. Zoom Workplace with AI Companion brings together Zoom's core communication and productivity tools—including Zoom Meetings, Zoom Phone, Zoom Team Chat, Zoom Docs, and Zoom Whiteboard—to support collaboration across organizations of varying sizes. Zoom's Business Services for sales, marketing, and customer experience teams, including Zoom Contact Center, Zoom Revenue Accelerator, and Zoom Events, support customer engagement across the the customer lifecycle. Trust is a cornerstone of the Zoom platform. We equip users with a comprehensive set of tools to make their interactions safe, secure, and private. We believe that strong security should never compromise a great user experience.

Last close 95.77 2026-10-23
Market cap $28.05B estimated share count
52-week range 70.70 - 114.74

Valuation FY2025 figures against the last close

P/S5.8x
P/E15.5x
P/FCF14.6x
EV/EBITDA22.3x
Dividend yield—
Diluted EPS6.18

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • Americas
  • Emea
  • Apac
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 Americas, FY2025: 3.5B (72.1%) 72% Americas Emea, FY2025: 769.9M (15.8%) 16% Emea Apac, FY2025: 590.7M (12.1%) 12% Apac FY2024 Americas, FY2024: 3.4B (71.8%) 72% Emea, FY2024: 742.7M (15.9%) 16% Apac, FY2024: 571.4M (12.2%) 12% FY2023 Americas, FY2023: 3.2B (71.3%) 71% Emea, FY2023: 726.7M (16.1%) 16% Apac, FY2023: 571.6M (12.6%) 13%
Region FY2025FY2024FY2023
Americas $3.51B $3.35B $3.23B
Emea $769.9M $742.7M $726.7M
Apac $590.7M $571.4M $571.6M

As the company reported it, from the “Revenue Recognition - Disaggregation of Revenue by Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $4.87B$4.67B$4.53B$4.39B$4.10B$2.65B$622.7M$330.5M$151.5M—
Cost of revenue $1.12B$1.13B$1.08B$1.10B$1.05B$822.0M$115.4M$61.0M$30.8M—
Gross profit $3.75B$3.54B$3.45B$3.29B$3.05B$1.83B$507.3M$269.5M$120.7M—
R&D $844.9M$852.4M$803.2M$774.1M$363.0M$164.1M$67.1M$33.0M$15.7M—
SG&A $392.9M$442.7M$579.6M$576.4M$482.8M$320.5M$86.8M$44.5M$27.1M—
Total operating expenses $2.63B$2.72B$2.92B$3.05B$1.98B$1.17B$494.6M$263.3M$125.5M—
Operating income $1.12B$813.3M$525.3M$245.4M$1.06B$659.8M$12.7M$6.2M-$4.8M—
Pre-tax income $2.42B$1.32B$832.3M$249.3M$1.10B$678.0M$26.4M$8.3M-$3.5M—
Income tax $522.1M$305.3M$194.8M$145.6M$274.0M$5.7M$1.1M$765.0K$304.0K—
Net income $1.90B$1.01B$637.5M$103.7M$1.38B$672.3M$25.3M$7.6M-$3.8M—
EPS, basic 6.323.282.120.354.642.370.090.00-0.11—
EPS, diluted 6.183.212.070.344.502.250.090.00-0.11—
Shares, diluted (wtd. avg.) 307.3M315.1M308.5M304.2M305.8M298.1M254.3M116.0M78.1M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.27B$1.35B$1.56B$1.10B$1.07B$2.29B$334.1M$66.0M$36.8M$134.7M
Short-term investments $6.54B$6.44B$5.40B$4.33B$4.36B$2.00B$572.1M$112.8M——
Receivables $497.3M$495.2M$536.1M$557.4M$419.7M$294.7M$120.4M$63.6M——
Total current assets $8.66B$8.68B$7.93B$6.36B$6.18B$4.79B$1.10B$276.7M——
Property, plant and equipment $264.5M$330.5M$293.7M$252.8M$222.4M$149.9M$57.1M$37.3M——
Goodwill $400.4M$307.3M$307.3M$122.6M$27.6M$24.3M$0———
Other intangibles $46.0M$33.4M$46.9M$31.4M$3.0M$8.0M$2.2M———
Total assets $11.96B$10.99B$9.93B$8.13B$7.55B$5.30B$1.29B$354.6M——
Accounts payable $6.3M$8.3M$10.2M$14.4M$7.8M$8.7M$1.6M$5.0M——
Total current liabilities $2.00B$1.90B$1.76B$1.74B$1.58B$1.26B$333.8M$152.3M——
Total liabilities $2.15B$2.05B$1.91B$1.92B$1.77B$1.44B$455.9M$202.5M——
Retained earnings $5.70B$3.80B$2.79B$2.15B$2.05B$672.5M$152.0K-$25.2M——
Total equity $9.81B$8.94B$8.02B$6.21B$5.78B$3.86B$833.9M-$7.4M-$26.7M-$28.8M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.99B$1.95B$1.60B$1.29B$1.61B$1.47B$151.9M$51.3M$19.4M—
Depreciation and amortisation $132.8M$122.6M$104.5M$82.3M$48.2M$28.9M$16.4M$7.0M$2.8M—
Stock-based compensation $760.8M$931.3M$1.06B$1.29B$477.3M$275.8M$73.1M$8.9M$10.3M—
Capital expenditure $65.0M$136.6M$127.0M$103.8M$132.6M$80.0M$38.1M$28.4M$9.7M—
Investing cash flow -$278.9M-$1.11B-$1.18B-$318.3M-$2.86B-$1.56B-$499.5M-$39.7M-$113.4M—
Financing cash flow -$1.81B-$1.03B$60.2M-$936.9M$34.1M$2.05B$615.7M$17.5M-$4.0M—
Buybacks $1.62B$1.09B$0$1.00B$0$0————

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-028866.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B Revenue, FY2017: 151.5M Gross profit, FY2017: 120.7M Net income, FY2017: -3.8M Revenue, FY2018: 330.5M Gross profit, FY2018: 269.5M Net income, FY2018: 7.6M Revenue, FY2019: 622.7M Gross profit, FY2019: 507.3M Net income, FY2019: 25.3M Revenue, FY2020: 2.7B Gross profit, FY2020: 1.8B Net income, FY2020: 672.3M Revenue, FY2021: 4.1B Gross profit, FY2021: 3B Net income, FY2021: 1.4B Revenue, FY2022: 4.4B Gross profit, FY2022: 3.3B Net income, FY2022: 103.7M Revenue, FY2023: 4.5B Gross profit, FY2023: 3.4B Net income, FY2023: 637.5M Revenue, FY2024: 4.7B Gross profit, FY2024: 3.5B Net income, FY2024: 1B Revenue, FY2025: 4.9B Gross profit, FY2025: 3.7B Net income, FY2025: 1.9B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $151.5M $330.5M $622.7M $2.65B $4.10B $4.39B $4.53B $4.67B $4.87B
Gross profit — $120.7M $269.5M $507.3M $1.83B $3.05B $3.29B $3.45B $3.54B $3.75B
Net income — -$3.8M $7.6M $25.3M $672.3M $1.38B $103.7M $637.5M $1.01B $1.90B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Officer or director change Item 5.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

Others in SIC 7370

TickerCompanyMarket capP/ERevenue growth
GOOGL Alphabet Inc. $3.89T 29.6x 15.1%
META Meta Platforms, Inc. $1.63T 27.4x 22.2%
APP AppLovin Corp $87.39B 26.7x 70.0%
FLUT Flutter Entertainment plc $13.90B — 16.6%
PINS PINTEREST, INC. $12.56B 36.6x 15.8%
FDS FACTSET RESEARCH SYSTEMS INC $11.78B 21.3x 5.4%
DOCN DigitalOcean Holdings, Inc. $10.96B 37.0x 15.5%
SNAP Snap Inc $10.55B — 10.6%