ZM Chart
About

Zoom Communications, Inc. provides an Artificial Intelligence-first work platform for human connection in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, a cloud phone system; and Zoom Team Chat enables users to share messages, images, files, and content in desktop, laptop, tablet, and mobile devices. It also provides Zoom Mail and Calendar; Zoom Workflow Automation, a no-code workflow builder that helps users build workflows across Zoom Workplace and third-party applications; Zoom Docs, a modular workspace; Zoom Whiteboard, an interactive canvas; and Zoom Clips for capturing video and screen content. In addition, the company offers Zoom Contact Center, an omnichannel contact center solution; Zoom Revenue Accelerator, a conversation intelligence software for Zoom Meetings and Zoom Phone; Zoom Events to manage, host, market, and report on all of virtual and hybrid events; Zoom Sessions that allows customers to use the signature features; and Zoom Webinars which supports interactive video presentations to large audiences. Further, it provides Workvivo, an all-in-one employee experience platform; Zoom Rooms, a software-based conference room system; Workspace Reservation; Zoom Developer Platform; App Marketplace which integrates platform with other applications, platforms, websites, and services; and Zoom Apps. It serves individuals; and education, entertainment/media, enterprise infrastructure, finance, government, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries. The company was formerly known as Zoom Video Communications, Inc. and changed its name to Zoom Communications, Inc. in November 2024. The company was incorporated in 2011 and is headquartered in San Jose, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Application Market Cap 26.19B
Enterprise Value 18.02B Income 1.59B Sales 4.81B
Book/sh 31.27 Cash/sh 26.83 Dividend Yield —
Payout 0.00% Employees 7412 IPO —
P/E 17.03 Forward P/E 14.43 PEG —
P/S 5.45 P/B 2.80 P/C —
EV/EBITDA 14.59 EV/Sales 3.75 Quick Ratio 4.27
Current Ratio 4.45 Debt/Eq 0.52 LT Debt/Eq —
EPS (ttm) 5.14 EPS next Y 6.06 EPS Growth 204.90%
Revenue Growth 4.40% Earnings 2026-02-25 ROA 6.23%
ROE 17.74% ROIC — Gross Margin 76.89%
Oper. Margin 25.24% Profit Margin 33.17% Shs Outstand 265.57M
Shs Float 261.71M Short Float 2.41% Short Ratio 1.95
Short Interest — 52W High 97.58 52W Low 64.41
Beta 0.90 Avg Volume 3.43M Volume 4.16M
Target Price $97.78 Recom Buy Prev Close $86.06
Price $87.51 Change 1.68%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$97.78
Mean price target
2. Current target
$85.34
Latest analyst target
3. DCF / Fair value
$136.78
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$85.34
Low
$69.00
High
$115.00
Mean
$97.78

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-24 reit Citizens Market Perform → Market Perform —
2026-02-24 main Benchmark Buy → Buy $110
2026-01-12 up Citigroup Neutral → Buy $106
2026-01-05 main Piper Sandler Neutral → Neutral $91
2025-11-25 main Jefferies Buy → Buy $105
2025-11-25 main Morgan Stanley Equal-Weight → Equal-Weight $92
2025-11-25 reit RBC Capital Outperform → Outperform $100
2025-11-25 main JP Morgan Neutral → Neutral $90
2025-11-25 reit Cantor Fitzgerald Neutral → Neutral $87
2025-11-25 reit Wedbush Outperform → Outperform $95
2025-11-25 main Rosenblatt Buy → Buy $115
2025-11-25 reit Needham Buy → Buy $100
2025-11-17 main Citigroup Neutral → Neutral $94
2025-11-11 main Rosenblatt Buy → Buy $115
2025-10-01 init Wells Fargo — → Equal-Weight $90
2025-09-18 main Stifel Hold → Hold $90
2025-09-18 reit RBC Capital Outperform → Outperform $100
2025-09-18 reit Cantor Fitzgerald Neutral → Neutral $87
2025-09-18 reit JMP Securities Market Perform → Market Perform —
2025-09-18 main Benchmark Buy → Buy $110
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 2475 223716.0 — Sale at price 89.19 - 92.12 per share. SUBOTOVSKY SANTIAGO Director — 2026-02-05 00:00:00 D
1 24200 2206077.0 — Sale at price 88.50 - 93.82 per share. YUAN ERIC S. Chief Executive Officer — 2026-02-03 00:00:00 I
2 24200 nan — — YUAN ERIC S. Chief Executive Officer — 2026-02-03 00:00:00 I
3 12137 987553.0 — Sale at price 81.22 - 81.78 per share. BAWA APARNA Chief Operating Officer — 2026-01-16 00:00:00 I
4 59469 4972188.0 — Sale at price 83.10 - 85.92 per share. YUAN ERIC S. Chief Executive Officer — 2026-01-14 00:00:00 I
5 24215 nan — — YUAN ERIC S. Chief Executive Officer — 2026-01-14 00:00:00 I
6 7568 654997.0 — Sale at price 86.34 - 87.21 per share. SANKARLINGAM VELCHAMY Officer — 2026-01-12 00:00:00 D
7 8417 728424.0 — Sale at price 86.34 - 87.21 per share. CHANG MICHELLE Chief Financial Officer — 2026-01-12 00:00:00 D
8 1345000 nan — — SUBOTOVSKY SANTIAGO Director — 2026-01-12 00:00:00 I
9 20752 nan — — SANKARLINGAM VELCHAMY Officer — 2026-01-09 00:00:00 D
Financials
Line Item2025-01-312024-01-312023-01-312022-01-31
TaxEffectOfUnusualItems41.10M25.69M-7.89M9.19M
TaxRateForCalcs0.230.230.210.21
NormalizedEBITDA758.78M519.96M365.32M1.07B
TotalUnusualItems177.14M109.77M-37.57M43.76M
TotalUnusualItemsExcludingGoodwill177.14M109.77M-37.57M43.76M
NetIncomeFromContinuingOperationNetMinorityInterest1.01B637.46M103.71M1.38B
ReconciledDepreciation122.63M104.45M82.32M48.19M
ReconciledCostOfRevenue1.13B1.08B1.10B1.05B
EBITDA935.93M629.73M327.75M1.11B
EBIT813.29M525.28M245.43M1.06B
NormalizedIncome874.19M553.38M133.39M1.34B
NetIncomeFromContinuingAndDiscontinuedOperation1.01B637.46M103.71M1.38B
TotalExpenses3.85B4.00B4.15B3.04B
TotalOperatingIncomeAsReported813.29M525.28M245.43M1.06B
DilutedAverageShares315.07M308.52M304.23M305.83M
BasicAverageShares307.98M300.75M296.56M296.33M
DilutedEPS3.212.070.344.50
BasicEPS3.282.120.354.64
DilutedNIAvailtoComStockholders1.01B637.46M103.70M1.38B
NetIncomeCommonStockholders1.01B637.46M103.70M1.38B
OtherunderPreferredStockDividend0.000.007.00K582.00K
NetIncome1.01B637.46M103.71M1.38B
NetIncomeIncludingNoncontrollingInterests1.01B637.46M103.71M1.38B
NetIncomeContinuousOperations1.01B637.46M103.71M1.38B
TaxProvision305.35M194.85M145.56M-274.01M
PretaxIncome1.32B832.31M249.28M1.10B
OtherIncomeExpense502.29M307.03M3.85M38.04M
OtherNonOperatingIncomeExpenses325.15M197.26M41.42M-5.72M
GainOnSaleOfSecurity177.14M109.77M-37.57M43.76M
OperatingIncome813.29M525.28M245.43M1.06B
OperatingExpense2.72B2.92B3.05B1.98B
ResearchAndDevelopment852.41M803.19M774.06M362.99M
SellingGeneralAndAdministration1.87B2.12B2.27B1.62B
SellingAndMarketingExpense1.43B1.54B1.70B1.14B
GeneralAndAdministrativeExpense442.71M579.65M576.43M482.77M
OtherGandA442.71M579.65M576.43M482.77M
GrossProfit3.54B3.45B3.29B3.05B
CostOfRevenue1.13B1.08B1.10B1.05B
TotalRevenue4.67B4.53B4.39B4.10B
OperatingRevenue4.67B4.53B4.39B4.10B
Line Item2025-01-312024-01-312023-01-312022-01-31
OrdinarySharesNumber305.74M307.56M293.82M299.04M
ShareIssued305.74M307.56M293.82M299.04M
TotalDebt64.43M72.95M96.48M105.72M
TangibleBookValue8.57B7.64B6.03B5.73B
InvestedCapital8.94B8.02B6.21B5.78B
WorkingCapital6.77B6.16B4.62B4.60B
NetTangibleAssets8.57B7.64B6.03B5.73B
CapitalLeaseObligations64.43M72.95M96.48M105.72M
CommonStockEquity8.94B8.02B6.21B5.78B
TotalCapitalization8.94B8.02B6.21B5.78B
TotalEquityGrossMinorityInterest8.94B8.02B6.21B5.78B
StockholdersEquity8.94B8.02B6.21B5.78B
GainsLossesNotAffectingRetainedEarnings4.99M1.06M-50.38M-17.90M
OtherEquityAdjustments4.99M1.06M-50.38M-17.90M
RetainedEarnings3.80B2.79B2.15B2.05B
AdditionalPaidInCapital5.13B5.23B4.10B3.75B
CapitalStock305.00K307.00K294.00K299.00K
CommonStock305.00K307.00K294.00K299.00K
PreferredStock0.000.000.00
TotalLiabilitiesNetMinorityInterest2.05B1.91B1.92B1.77B
TotalNonCurrentLiabilitiesNetMinorityInterest150.04M148.20M182.81M191.61M
OtherNonCurrentLiabilities4.40M5.26M1.73M14.19M
TradeandOtherPayablesNonCurrent90.97M76.12M65.46M53.92M
NonCurrentDeferredLiabilities17.27M18.51M41.93M38.48M
NonCurrentDeferredRevenue17.27M18.51M41.93M38.48M
LongTermDebtAndCapitalLeaseObligation37.41M48.31M73.69M85.02M
LongTermCapitalLeaseObligation37.41M48.31M73.69M85.02M
CurrentLiabilities1.90B1.76B1.74B1.58B
OtherCurrentLiabilities30.13M18.92M21.69M22.58M
CurrentDeferredLiabilities1.38B1.29B1.30B1.16B
CurrentDeferredRevenue1.38B1.29B1.30B1.16B
CurrentDebtAndCapitalLeaseObligation27.03M24.64M22.79M20.70M
CurrentCapitalLeaseObligation27.03M24.64M22.79M20.70M
PensionandOtherPostRetirementBenefitPlansCurrent193.11M185.13M139.10M126.32M
PayablesAndAccruedExpenses269.33M241.51M254.90M247.77M
CurrentAccruedExpenses200.42M173.99M160.19M149.66M
Payables68.92M67.52M94.71M98.11M
TotalTaxPayable60.57M57.34M80.30M90.27M
IncomeTaxPayable18.82M21.88M46.44M56.97M
AccountsPayable8.35M10.18M14.41M7.84M
TotalAssets10.99B9.93B8.13B7.55B
TotalNonCurrentAssets2.31B2.00B1.77B1.37B
OtherNonCurrentAssets11.77M11.85M19.49M11.01M
NonCurrentPrepaidAssets52.16M23.35M9.70M16.12M
NonCurrentDeferredAssets873.22M800.90M738.42M547.01M
NonCurrentDeferredTaxesAssets749.76M662.18M558.43M382.30M
NonCurrentAccountsReceivable31.50M26.10M92.03M55.64M
InvestmentsAndAdvances591.48M409.22M398.99M367.81M
OtherInvestments367.81M
InvestmentinFinancialAssets591.48M409.22M398.99M367.81M
HeldToMaturitySecurities4.45M3.83M14.40M14.23M
AvailableForSaleSecurities587.03M405.39M384.59M353.58M
GoodwillAndOtherIntangibleAssets365.94M379.47M179.30M51.60M
OtherIntangibleAssets58.65M72.17M56.66M23.99M
Goodwill307.30M307.30M122.64M27.61M
NetPPE386.38M352.68M333.73M318.32M
AccumulatedDepreciation-328.12M-236.32M-159.68M-91.61M
GrossPPE714.50M589.00M493.41M409.92M
Leases54.88M43.98M25.95M25.34M
OtherProperties55.90M58.98M80.91M95.97M
MachineryFurnitureEquipment603.71M486.04M386.56M288.62M
Properties0.000.000.000.00
CurrentAssets8.68B7.93B6.36B6.18B
OtherCurrentAssets21.72M24.05M26.46M22.70M
CurrentDeferredAssets188.36M208.47M223.25M199.27M
RestrictedCash12.04M6.87M13.14M10.24M
PrepaidAssets166.92M188.26M123.49M112.67M
Receivables495.23M536.08M557.40M419.67M
AccountsReceivable495.23M536.08M557.40M419.67M
AllowanceForDoubtfulAccountsReceivable-22.08M-32.37M-33.21M-24.70M
GrossAccountsReceivable517.31M568.45M590.61M444.37M
CashCashEquivalentsAndShortTermInvestments7.79B6.96B5.41B5.42B
OtherShortTermInvestments6.44B5.40B4.33B4.36B
CashAndCashEquivalents1.35B1.56B1.09B1.06B
Line Item2025-01-312024-01-312023-01-312022-01-31
FreeCashFlow1.81B1.47B1.18B1.46B
RepurchaseOfCapitalStock-1.09B0.00-1.00B0.00
IssuanceOfCapitalStock0.000.00
CapitalExpenditure-136.56M-126.95M-115.09M-145.61M
IncomeTaxPaidSupplementalData395.40M348.13M309.08M38.98M
EndCashPosition1.36B1.57B1.10B1.07B
BeginningCashPosition1.57B1.10B1.07B2.29B
EffectOfExchangeRateChanges-15.17M-10.20M-8.11M0.00
ChangesInCash-188.79M475.33M35.00M-1.22B
FinancingCashFlow-1.03B60.19M-936.94M34.07M
CashFlowFromContinuingFinancingActivities-1.03B60.19M-936.94M34.07M
NetOtherFinancingCharges7.17M-4.11M774.00K-39.67M
ProceedsFromStockOptionExercised58.63M64.29M62.29M73.73M
NetCommonStockIssuance-1.09B0.00-1.00B0.00
CommonStockPayments-1.09B0.00-1.00B0.00
CommonStockIssuance0.000.00
InvestingCashFlow-1.11B-1.18B-318.32M-2.86B
CashFlowFromContinuingInvestingActivities-1.11B-1.18B-318.32M-2.86B
NetOtherInvestingChanges300.00K
NetInvestmentPurchaseAndSale-969.46M-851.82M-82.67M-2.71B
SaleOfInvestment3.67B3.30B2.84B2.03B
PurchaseOfInvestment-4.64B-4.15B-2.92B-4.74B
NetBusinessPurchaseAndSale0.00-204.92M-120.55M-3.50M
PurchaseOfBusiness0.00-204.92M-120.55M-3.50M
NetIntangiblesPurchaseAndSale0.000.00-11.27M-13.02M
PurchaseOfIntangibles0.000.00-11.27M-13.02M
NetPPEPurchaseAndSale-136.56M-126.95M-103.83M-132.59M
PurchaseOfPPE-136.56M-126.95M-103.83M-132.59M
OperatingCashFlow1.95B1.60B1.29B1.61B
CashFlowFromContinuingOperatingActivities1.95B1.60B1.29B1.61B
ChangeInWorkingCapital-126.95M-254.62M-412.84M-186.45M
ChangeInOtherWorkingCapital-166.73M-261.38M-171.23M46.52M
ChangeInOtherCurrentLiabilities-28.88M-22.82M-23.84M-17.00M
ChangeInPayablesAndAccruedExpense59.14M47.56M32.14M99.15M
ChangeInAccruedExpense62.28M51.97M20.53M101.37M
ChangeInPayable-3.13M-4.42M11.61M-2.22M
ChangeInAccountPayable-3.13M-4.42M11.61M-2.22M
ChangeInPrepaidAssets-17.11M-71.25M-18.07M-155.93M
ChangeInReceivables26.64M53.27M-231.84M-159.18M
ChangesInAccountReceivables26.64M53.27M-231.84M-159.18M
OtherNonCashItems310.22M284.10M289.95M200.26M
StockBasedCompensation931.31M1.06B1.29B477.29M
ProvisionandWriteOffofAssets20.02M35.24M50.28M36.75M
AmortizationOfSecurities-71.64M-50.77M1.21M25.32M
DeferredTax-90.55M-116.68M-160.96M-327.96M
DeferredIncomeTax-90.55M-116.68M-160.96M-327.96M
DepreciationAmortizationDepletion122.63M104.45M82.32M48.19M
DepreciationAndAmortization122.63M104.45M82.32M48.19M
OperatingGainsLosses-159.98M-97.51M50.84M-43.76M
GainLossOnInvestmentSecurities-177.14M-109.77M37.57M-43.76M
NetForeignCurrencyExchangeGainLoss17.16M12.26M13.27M0.00
NetIncomeFromContinuingOperations1.01B637.46M103.71M1.38B
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for ZM
Date User Asset Broker Type Position Size Entry Price Patterns