Zoom Communications, Inc. ZM

Technology SIC 7370 - Services-Computer Programming, Data Processing, Etc. 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 101.33 2026-09-04
Market cap $29.68B estimated share count
52-week range 70.70 - 114.74

Valuation FY2025 figures against the last close

P/S6.1x
P/E16.4x
P/FCF15.4x
EV/EBITDA23.6x
Dividend yield
Diluted EPS6.18

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.) $307.3M$315.1M$308.5M$304.2M$305.8M$298.1M$254.3M$116.0M$78.1M

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.

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