ZM · Zoom Video Communications, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Revenue | $4.87B | $4.67B | $4.53B | $4.39B | $4.10B | $2.65B |
| Cost of Revenue | $1.12B | $1.13B | $1.08B | $1.10B | $1.05B | $821.99M |
| Gross Profit | $3.75B | $3.54B | $3.45B | $3.29B | $3.05B | $1.83B |
| R&D | $844.88M | $852.41M | $803.19M | $774.06M | $362.99M | $164.08M |
| SG&A | $392.93M | $442.71M | $579.65M | $576.43M | $482.77M | $320.55M |
| Total Operating Expenses | $2.63B | $2.72B | $2.92B | $3.05B | $1.98B | $1.17B |
| D&A | $132.83M | $122.63M | $104.45M | $82.32M | $48.19M | $28.86M |
| Operating Income | $1.12B | $813.29M | $525.28M | $245.43M | $1.06B | $659.85M |
| Interest Expense | - | - | - | - | - | - |
| Income Tax | $522.14M | $305.35M | $194.85M | $145.56M | ($274.01M) | $5.72M |
| Net Income | $1.90B | $1.01B | $637.46M | $103.71M | $1.38B | $672.32M |
| EPS - Basic | $6.32 | $3.28 | $2.12 | $0.35 | $4.64 | $2.37 |
| EPS - Diluted | $6.18 | $3.21 | $2.07 | $0.34 | $4.50 | $2.25 |
Balance Sheet
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.27B | $1.35B | $1.56B | $1.09B | $1.06B | $2.24B |
| Accounts Receivable | $497.34M | $495.23M | $536.08M | $557.40M | $419.67M | $294.70M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $6.27M | $8.35M | $10.18M | $14.41M | $7.84M | $8.66M |
| Current Assets | $8.66B | $8.68B | $7.93B | $6.36B | $6.18B | $4.79B |
| Total Assets | $11.96B | $10.99B | $9.93B | $8.13B | $7.55B | $5.30B |
| Current Liabilities | $2.00B | $1.90B | $1.76B | $1.74B | $1.58B | $1.26B |
| Long-term Debt | - | - | - | - | - | - |
| Total Liabilities | $2.15B | $2.05B | $1.91B | $1.92B | $1.77B | $1.44B |
| Stockholders' Equity | $9.81B | $8.94B | $8.02B | $6.21B | $5.78B | $3.86B |
| Retained Earnings | $5.70B | $3.80B | $2.79B | $2.15B | $2.05B | $672.47M |
Cash Flow
| Line item | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.99B | $1.95B | $1.60B | $1.29B | $1.61B | $1.47B |
| Investing Cash Flow | ($278.90M) | ($1.11B) | ($1.18B) | ($318.32M) | ($2.86B) | ($1.56B) |
| Financing Cash Flow | ($1.81B) | ($1.03B) | $60.19M | ($936.94M) | $34.07M | $2.05B |
| CapEx | $64.96M | $136.56M | $126.95M | $103.83M | $132.59M | $79.97M |
| Free Cash Flow | $1.92B | $1.81B | $1.47B | $1.19B | $1.47B | $1.39B |
Ratios
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 77.0% | 75.8% | 76.2% | 74.9% | 74.3% | 69.0% |
| Operating margin | 23.1% | 17.4% | 11.6% | 5.6% | 25.9% | 24.9% |
| EBITDA margin | 25.8% | 20.1% | 13.9% | 7.5% | 27.1% | 26.0% |
| Net margin | 39.0% | 21.7% | 14.1% | 2.4% | 33.6% | 25.4% |
| Free cash flow margin | 39.5% | 38.8% | 32.5% | 27.0% | 35.9% | 52.5% |
| FCF / Net income | 1.01 | 1.79 | 2.31 | 11.44 | 1.07 | 2.07 |
| R&D / Revenue | 17.4% | 18.3% | 17.7% | 17.6% | 8.9% | 6.2% |
| SG&A / Revenue | 8.1% | 9.5% | 12.8% | 13.1% | 11.8% | 12.1% |
| Effective tax rate | 21.6% | 23.2% | 23.4% | 58.4% | -24.9% | 0.8% |
| Return on assets | 15.9% | 9.2% | 6.4% | 1.3% | 18.2% | 12.7% |
| Return on equity | 19.4% | 11.3% | 7.9% | 1.7% | 23.8% | 17.4% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | 4.33 | 4.56 | 4.50 | 3.66 | 3.91 | 3.80 |
| Quick ratio | 4.33 | 4.56 | 4.50 | 3.66 | 3.91 | 3.80 |
| Cash ratio | 0.64 | 0.71 | 0.88 | 0.63 | 0.67 | 1.78 |
| Leverage | ||||||
| Debt / Equity | - | - | - | - | - | - |
| Debt / Assets | - | - | - | - | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.22 | 1.23 | 1.24 | 1.31 | 1.31 | 1.37 |
| Liabilities / Assets | 0.18 | 0.19 | 0.19 | 0.24 | 0.23 | 0.27 |
| Efficiency | ||||||
| Asset turnover | 0.41 | 0.42 | 0.46 | 0.54 | 0.54 | 0.50 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 37d | 39d | 43d | 46d | 37d | 41d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 2d | 3d | 3d | 5d | 3d | 4d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 14.9x | 27.1x | 31.2x | 220.6x | 34.3x | 165.4x |
| P / B | 2.9x | 3.1x | 2.5x | 3.7x | 8.2x | 28.7x |
| P / S | 5.8x | 5.9x | 4.4x | 5.2x | 11.5x | 41.8x |
| EV / EBITDA | 21.5x | 27.8x | 29.2x | 66.3x | 41.5x | 157.8x |
| Growth | ||||||
| Revenue growth (YoY) | 4.4% | 3.1% | 3.1% | 7.1% | 54.6% | 1650.3% |
| Revenue CAGR (3y) | 3.5% | 4.4% | 19.5% | 207.2% | - | - |
| Revenue CAGR (5y) | 12.9% | 98.5% | - | - | - | - |
| Gross profit growth (YoY) | 6.1% | 2.5% | 4.8% | 8.1% | 66.5% | 260.6% |
| Operating income growth (YoY) | 38.2% | 54.8% | 114.0% | -76.9% | 61.2% | 10599.7% |
| Net income growth (YoY) | 88.1% | 58.5% | 514.7% | -92.5% | 104.6% | 8764.9% |
| EPS growth (YoY) | 92.5% | 55.1% | 508.8% | -92.4% | 100.0% | - |
| EPS CAGR (3y) | 162.9% | -10.6% | -2.7% | - | - | - |
| EPS CAGR (5y) | 22.4% | - | - | - | - | - |
| FCF growth (YoY) | 6.4% | 22.9% | 24.1% | -19.4% | 5.9% | - |
| FCF CAGR (5y) | 6.7% | - | - | - | - | - |
| Book value growth (YoY) | 9.8% | 11.4% | 29.2% | 7.4% | 49.7% | 363.0% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2026-01-31.
Business segments
$4.87B totalReportable Segment$4.87B · 100.0%
Geographic
$4.87B totalAmericas$3.51B · 72.1%
EMEA$769.91M · 15.8%
Asia Pacific$590.71M · 12.1%
Stability scores
Altman Z′
FY 2026 · bankruptcy risk
3.42
Safe
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2026 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✗Asset turnover improved
Peer comparison
Same SIC group: Services-Computer Programming, Data Processing, Etc.
Comparing Zoom Video Communications against the 5 most active filers in the same SIC group.