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ZM Financials Zoom Communications, Inc.

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
-$4M $2B $5B $0 2018 2019 2020 2021 2022 2023 2024 2025 2026
RevenueNet income
Margins (gross / operating / net)
-3% 39% 82% 0% 2018 2019 2020 2021 2022 2023 2024 2025 2026
GrossOperatingNet
Free cash flow (CFO − capex)
$0 $962M $2B 2018 2019 2020 2021 2022 2023 2024 2025 2026
Free cash flow
Cash vs total debt
$0 $1B $2B 2018 2019 2020 2021 2022 2023 2024 2025 2026
CashTotal debt
Cash flow: operating / investing / financing
-$3B -$404M $2B $0 2018 2019 2020 2021 2022 2023 2024 2025 2026
OperatingInvestingFinancing

Key annual figures

FYRevenueNet incomeGross MOp MFCFTotal debtCash
2026 $4.9B $1.9B 77.0% 23.1% $1.9B $1.3B
2025 $4.7B $1.0B 75.8% 17.4% $1.8B $1.3B
2024 $4.5B $637M 76.2% 11.6% $1.5B $1.6B
2023 $4.4B $104M 74.9% 5.6% $1.2B $1.1B
2022 $4.1B $1.4B 74.3% 25.9% $1.5B $1.1B
2021 $2.7B $672M 69.0% 24.9% $1.4B $2.2B
2020 $623M $25M 81.5% 2.0% $114M $283M
2019 $331M $8M 81.5% 1.9% $23M $64M
2018 $151M -$4M 79.7% -3.2% $10M $36M

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.

Price / earnings (P/E)
0.0 104.8 209.6 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
P/E
Price / sales (P/S)
0.0 3.1 6.1 Mar '23 Aug '23 Jan '24 Jun '24 Nov '24 Apr '25 Sep '25 Feb '26
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?

As of Jun '26, Zoom Communications, Inc. traded at a price-to-earnings ratio of about 12.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. 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), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.