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 209.1× (Mar '23) to 15.2× (Sep '26).
The price-to-sales ratio has risen from 4.9× (Mar '23) to 5.9× (Sep '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?
As of Sep '26, Zoom Communications, Inc. traded at a price-to-earnings ratio of about 15.2× (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.