9 years of revenue, profit, cash flow and balance-sheet history through FY2026,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 12.9% per year over the past 5 years.
Net income has grown faster than revenue (23.1% vs 12.9% per year).
Operating margin has contracted, at 23.1% in the latest year.
Free cash flow has grown 6.7% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2026
$4.9B
$1.9B
77.0%
23.1%
19.4%
15.9%
$1.9B
—
$1.3B
2025
$4.7B
$1.0B
75.8%
17.4%
11.3%
9.2%
$1.8B
—
$1.3B
2024
$4.5B
$637M
76.2%
11.6%
7.9%
6.4%
$1.5B
—
$1.6B
2023
$4.4B
$104M
74.9%
5.6%
1.7%
1.3%
$1.2B
—
$1.1B
2022
$4.1B
$1.4B
74.3%
25.9%
23.8%
18.2%
$1.5B
—
$1.1B
2021
$2.7B
$672M
69.0%
24.9%
17.4%
12.7%
$1.4B
—
$2.2B
2020
$623M
$25M
81.5%
2.0%
3.0%
2.0%
$114M
—
$283M
2019
$331M
$8M
81.5%
1.9%
-101.9%
2.1%
$23M
—
$64M
2018
$151M
-$4M
79.7%
-3.2%
14.3%
—
$10M
—
$36M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jul '26
$1.3B
$1.5B
77.2%
24.6%
13.6%
11.4%
$472M
—
$932M
Apr '26
$1.2B
$426M
77.9%
25.1%
4.3%
3.5%
$500M
—
$891M
Jan '26
$1.2B
$674M
76.3%
20.0%
6.9%
5.6%
$338M
—
$1.3B
Oct '25
$1.2B
$613M
77.9%
25.2%
6.6%
5.4%
$614M
—
$1.2B
Jul '25
$1.2B
$359M
77.6%
26.4%
4.0%
3.2%
$508M
—
$1.2B
Apr '25
$1.2B
$255M
76.3%
20.6%
2.9%
2.3%
$463M
—
$1.2B
Jan '25
$1.2B
$368M
75.7%
19.0%
4.1%
3.3%
$416M
—
$1.3B
Oct '24
$1.2B
$207M
75.9%
15.5%
2.4%
1.9%
$458M
—
$1.3B
Jul '24
$1.2B
$219M
75.5%
17.4%
2.6%
2.1%
$365M
—
$1.5B
Apr '24
$1.1B
$216M
76.1%
17.8%
2.6%
2.1%
$570M
—
$1.9B
Jan '24
$1.1B
$299M
75.9%
14.7%
3.7%
3.0%
$333M
—
$1.6B
Oct '23
$1.1B
$141M
76.2%
14.9%
1.9%
1.5%
$453M
—
$1.5B
Jul '23
$1.1B
$182M
76.6%
15.6%
2.6%
2.0%
$289M
—
$1.4B
Apr '23
$1.1B
$15M
76.1%
0.9%
0.2%
0.2%
$397M
—
$1.0B
Jan '23
$1.1B
-$104M
73.7%
-11.6%
-1.7%
-1.3%
$183M
—
$1.1B
Oct '22
$1.1B
$48M
75.4%
6.0%
0.8%
0.6%
$273M
—
$1.1B
Jul '22
$1.1B
$46M
75.1%
11.1%
0.8%
0.6%
$229M
—
$937M
Apr '22
$1.1B
$114M
75.6%
17.4%
1.9%
1.4%
$501M
—
$1.4B
Jan '22
$1.1B
$491M
76.0%
23.5%
8.5%
6.5%
$189M
—
$1.1B
Oct '21
$1.1B
$340M
74.2%
27.7%
6.7%
4.9%
$375M
—
$1.3B
Valuation over time
How the market has priced ZM against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has fallen from 207.7× (Mar '23) to 14.1× (Nov '26).
The price-to-sales ratio has risen from 4.9× (Mar '23) to 5.5× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is ZM growing its revenue and profit?
Over the past 5 years, Zoom Communications, Inc.'s revenue has grown 12.9% per year, and net income grown 23.1% per year. These are computed facts, not advice.
How much debt does ZM have?
As of FY2026, Zoom Communications, Inc. reported — of total debt against $1.3B of cash.
What is ZM's profit margin?
In FY2026, gross margin was 77.0%, operating margin 23.1%, and net margin 39.0%.
What is ZM's P/E ratio?
Zoom Communications, Inc.'s P/E (TTM) is 8.25 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the ZM stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 14.1× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.