ZMNasdaqServices-Computer Programming, Data Processing, Etc.Fiscal year ends January 31
Zoom Communications, Inc.
Financials through Q2 FY2027, quarter ended Jul 31, 2026Last filing: 10-Q on Aug 26, 2026
$97.59+3.40 (+3.61%)
Close on Oct 19, 2026
- Market cap
- $29.25B
- P/E (TTM)
- 9.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2017 to 2026
Gross margin
77.0%+8.0 pts over 5 years
Operating margin
23.1%−1.8 pts over 5 years
Net margin
39.0%+13.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +4.4% | +3.5% | +12.9% | – | |
| Gross profit | +6.1% | +4.4% | +15.4% | – | |
| Operating income | +38.2% | +66.0% | +11.2% | – | |
| Net income | +88.1% | +163.6% | +23.1% | – | |
| EPS, diluted | +92.5% | +162.9% | +22.4% | – | |
| Free cash flow | +6.4% | +17.5% | +6.7% | – |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | 28.6% | 20.3% | |
| Return on assets | – | 20.4% | 16.6% | |
| Current ratio | – | 3.80 | 4.33 | |
| Capex to revenue | – | 3.0% | 1.3% | |
| Diluted shares | – | 298M | 307M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Zoom Communications generated $8.43B from operations and spent $4.28B on capital expenditure, dividends and share buybacks. 13% of that went back into the business.
Generated
$8.43B
Used
$4.28B
Capital expenditure$564.89M13%Dividends$00%Share buybacks$3.71B87%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin39.0%
×Asset turnover0.42×
×Equity multiplier1.22×
=Return on equity, FY202620.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 39.0% | 0.42× | 1.22× | 20.3% |
| FY2025 | 21.7% | 0.45× | 1.23× | 11.9% |
| FY2024 | 14.1% | 0.50× | 1.27× | 9.0% |
| FY2023 | 2.4% | 0.56× | 1.31× | 1.7% |
| FY2022 | 33.6% | 0.64× | 1.33× | 28.5% |
| FY2021 | 25.4% | 0.80× | 1.40× | 28.6% |
| FY2020 | 4.1% | 0.76× | 1.99× | 6.1% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
6of 8 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero$1.90B
- Cash generatingOperating cash flow above zero$1.99B
- Return on assets improvedROA up on the prior year10.2% → 17.3%
- Earnings backed by cashOperating cash flow above net income$1.99B vs $1.90B
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose4.56 → 4.33
- No dilutionShare count did not rise315M → 307M
- Gross margin improvedGross margin up on the prior year75.79% → 77.02%
- More efficientAsset turnover rose0.47 → 0.44