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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
Return on equity & assets (ROE / ROA)
-102% -39% 24% 0% 2018 2019 2020 2021 2022 2023 2024 2025 2026
ROEROA
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 MROEROAFCFTotal debtCash
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

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)
0.0 103.9 207.7 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '26
P/E
Price / sales (P/S)
0.0 3.0 6.1 Mar '23 Sep '23 Mar '24 Sep '24 Mar '25 Sep '25 Mar '26 Sep '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?

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.