ZM FY 2026 Earnings Report — Zoom Communications, Inc. Revenue & Financial Results | Market Cap Arena

Zoom Communications, Inc.ZM

FY 2026 Earnings

Reported February 27, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2026	Prior Q	FY 2025	QoQ Change	YoY Change
Revenue	$4.9B	—	$4.7B	—	4.4%
Op. Income	$1.1B	—	$813M	—	38.2%
Gross Margin	77.0%	—	75.8%	—	1.2pp
Net Margin	39.0%	—	21.7%	—	17.4pp
EPS (Diluted)	$6.18	—	$3.21	—	92.5%
Free Cash Flow	$1.9B	—	$1.8B	—	6.4%

Revenue Flow

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$1.1B
GROSS PROFIT	$3.7B
R&D Expenses	$845M
Selling & Marketing	$1.4B
General & Administrative	$393M
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$2.6B
Cost & Expenses	$3.7B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$1.3B
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$522M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$133M
EBIT	$2.4B
EBITDA	$2.6B
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$4.9B
Cost of Revenue	$1.1B
GROSS PROFIT	$3.7B
R&D Expenses	$845M
Selling & Marketing	$1.4B
General & Administrative	$393M
SG&A Expenses	$1.8B
Other Expenses	$0
Operating Expenses	$2.6B
Cost & Expenses	$3.7B
OPERATING INCOME	$1.1B
Interest Income	$0
Interest Expense	$0
Other Income/Expenses	$1.3B
INCOME BEFORE TAX	$2.4B
Income Tax Expense	$522M
Net Income from Continuing Ops	$1.9B
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$1.9B
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$1.9B
D&A	$133M
EBIT	$2.4B
EBITDA	$2.6B
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$1.9B
Depreciation & Amortization	$416M
Stock-Based Compensation	$761M
Deferred Income Tax	$105M
Other Non-Cash Items	-$925M
Change in Working Capital	-$268M
OPERATING CASH FLOW	$2.0B
Capital Expenditure	-$65M
Acquisitions (Net)	-$120M
Purchases of Investments	-$4.9B
Sales/Maturities of Investments	$4.8B
Other Investing Activities	-$500.0K
NET CASH FROM INVESTING	-$279M
Net Debt Issuance	$0
Common Stock Repurchased	-$1.6B
Common Dividends Paid	$0
Other Financing Activities	-$248M
NET CASH FROM FINANCING	-$1.8B
FREE CASH FLOW	$1.9B
Net Change in Cash	-$89M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.3B
Short-Term Investments	$6.5B
Net Receivables	$497M
Inventory	$0
Other Current Assets	$344M
TOTAL CURRENT ASSETS	$8.7B
PP&E (Net)	$317M
Goodwill	$400M
Intangible Assets	$71M
Long-Term Investments	$1.6B
Tax Assets	$647M
Other Non-Current Assets	$289M
TOTAL NON-CURRENT ASSETS	$3.3B
TOTAL ASSETS	$12.0B
Account Payables	$6M
Short-Term Debt	$0
Deferred Revenue	$1.5B
Other Current Liabilities	$244M
TOTAL CURRENT LIABILITIES	$2.0B
Long-Term Debt	$0
Deferred Revenue NC	$13M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$109M
TOTAL NON-CURRENT LIABILITIES	$153M
TOTAL LIABILITIES	$2.2B
Common Stock	$295.0K
Additional Paid-In Capital	$4.1B
Retained Earnings	$5.7B
Treasury Stock	$0
Accum. Other Comp. Income	$9M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$9.8B
Minority Interest	$0
TOTAL EQUITY	$9.8B
TOTAL LIABILITIES & EQUITY	$12.0B
Total Debt	$58M
Net Debt	-$1.2B