Inferra AI / Company / ZM
Zoom Communications
ZM · Information Technology
Last earnings Aug 25, 2026
Key results
Revenuequarter
$1,217.2 million
revenue of $1,217.2 million, up 4.7% year over year as reported and 4.4% in constant currency Second quarter
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Growthquarter
up 4.7%
revenue of $1,217.2 million, up 4.7% year over year as reported and 4.4% in constant currency Second quarter
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Enterprise revenuequarter
$730.7 million
Enterprise revenue of $730.7 million, up 7.0% year over year Second quarter
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
GAAP operating marginquarter
26.4%
GAAP operating margin of 26.4% and non-GAAP
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Operating marginquarter
41.3%
operating margin of 41.3% Second quarter GAAP EPS of $1.16, up 65.7% year over year, and non-GAAP EPS of $1.53, up 10.0% year over year Repurchased approximately 6.0 million shares of common stock in Q2
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
EPSquarter
$1.16
operating margin of 41.3% Second quarter GAAP EPS of $1.16, up 65.7% year over year, and non-GAAP EPS of $1.53, up 10.0% year over year Repurchased approximately 6.0 million shares of common stock in Q2
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
revenue up 8.7% year over year
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
We delivered an across-the-board strong Q2 marked by achieving our highest year-over-year revenue growth in 11 quarters and expanding GAAP operating margin year over year by 9 percentage points.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Total revenuefull-year
$1,217.2 million
Second Quarter Fiscal Year 2026 Financial Highlights Revenue Total revenue for the second quarter was $1,217.2 million, up 4.7% year over year.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Revenuefull-year
$1,213.6 million
Adjusting for foreign currency impact, revenue in constant currency was $1,213.6 million, up 4.4% year over year.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Growthfull-year
up 4.4%
Adjusting for foreign currency impact, revenue in constant currency was $1,213.6 million, up 4.4% year over year.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
AI analysis
Q2 FY2026 · reported Aug 21, 2025
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
The quarter in charts
Guidance ladder — revenue
Delivered vs the company's guided range
EX-99 · Aug 21, 2025 Guide as stated by the company; range and midpoint computed from the stated figure.
Headline figures
| Metric | Q2 FY2026 | Prior qtr | Year ago |
|---|---|---|---|
| Revenue | $1,217.2 million | — | — |
| Growth | up 4.7% | — | — |
| Enterprise revenue | $730.7 million | — | — |
| GAAP operating margin | 26.4% | — | — |
| Operating margin | 41.3% | — | — |
| EPS | $1.16 | — | — |
Guidance · company-stated
Direction: Raised
“With our robust performance, we are happy to raise our full year outlook for revenue, non-GAAP operating income, as well as free cash flow, which we now expect to be in the range of $1.74 billion to $1.78 billion.”
Classified from the release's primary full-year outlook statement.
Margin
Capital allocation
The EPS and share count figures do not include any impact from $724.7 million of authorized share repurchase remaining as of July 31, 2025.
What changed vs last quarter
- Guide midpoint vs latest-quarter revenue +43.0% computed from stated figures
Company-stated claims
Historical · increased 256% · arr_recurring
“Our AI-first Customer Experience portfolio continues to scale, delivering high-double-digit ARR expansion, driven in part by strong adoption of Zoom Virtual Agent, whose customer count increased 256% year over year.”
EX-99 · Aug 25, 2026Event summary
Zoom Communications Q2 FY2026 — revenue of $1,217.2 million, up 4.7% year over year as reported and 4.4% in constant currency Second quarter
Based on: Earnings release + parent 8-K + 10-Q — transcript not held
Guidance & outlook
Direction: Raised
Revenue: “With our robust performance, we are happy to raise our full year outlook for revenue, non-GAAP operating income, as well as free cash flow, which we now expect to be in the range of $1.74 billion to $1.78 billion.”
Revenue — Raised (“raise”)
“With our robust performance, we are happy to raise our full year outlook for revenue, non-GAAP operating income, as well as free cash flow, which we now expect to be in the range of $1.74 billion to $1.78 billion.”
Classified from the release's primary full-year outlook statement.
Capital allocation
The EPS and share count figures do not include any impact from $724.7 million of authorized share repurchase remaining as of July 31, 2025.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
com Forward-Looking Statements This press release contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Zoom's financial outlook for the third quarter of fiscal year 2026 and full fiscal year 2026, Zoom s market position, opportunities, and growth strategy, product initiatives, including future product and feature releases and the potential of agentic AI, and go-to-market motions and the expected benefits resulting from the same, market trends, and Zoom's stock repurchase program.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
government agency securities 5,383,887 5,383,887 Agency bonds 1,095,471 1,095,471 Treasury bills 64,673 64,673 Marketable securities 6,544,031 6,544,031 Privately held debt securities included in strategic investments 3,968 3,968 Total financial assets $ 7,311,409 $ 724,236 $ 6,583,205 $ 3,968 We classify our highly liquid money market funds as Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets.
SEC original ↗Zoom Communications — 10-Q Quarterly report10-QAug 26, 2026
We classify our commercial paper, agency bonds, corporate and other debt securities, U.
SEC original ↗Zoom Communications — 10-Q Quarterly report10-QAug 26, 2026
We classify our privately held debt securities as Level 3 due to the lack of relevant observable market data over fair value inputs, such as the probability weighting of the various scenarios that can impact settlement of the arrangement.
SEC original ↗Zoom Communications — 10-Q Quarterly report10-QAug 26, 2026
Stock Repurchase Program In May 2026, our Board of Directors authorized the repurchase of an additional $ 1.0 billion of our outstanding Class A common stock, under our existing repurchase program, bringing the total amount authorized since February 2024 to $ 4.7 billion.
SEC original ↗Zoom Communications — 10-Q Quarterly report10-QAug 26, 2026
Strategy & priorities
Non-GAAP net income for the second quarter, which adjusts for stock-based compensation expense and related payroll taxes, gains on strategic investments, net, acquisition-related expenses, litigation settlements, net, and the tax effects on non-GAAP adjustments, was $471.3 million, or $1.53 per share.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
A trailing 12-month net dollar expansion rate for Enterprise customers of 98%.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Members of Zoom s executive team will take part in a Q A session that will provide insights into the company s business strategy, key initiatives, and recent innovations.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
com Forward-Looking Statements This press release contains express and implied forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Zoom's financial outlook for the third quarter of fiscal year 2026 and full fiscal year 2026, Zoom s market position, opportunities, and growth strategy, product initiatives, including future product and feature releases and the potential of agentic AI, and go-to-market motions and the expected benefits resulting from the same, market trends, and Zoom's stock repurchase program.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Zoom defines non-GAAP net income as GAAP net income adjusted to exclude stock-based compensation expense and related payroll taxes, acquisition-related expenses, gains losses on strategic investments, net, litigation settlements, net, and the tax effects of all non-GAAP adjustments.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Risks & headwinds
Non-GAAP income from operations, which adjusts for stock-based compensation expense and related payroll taxes, acquisition-related expenses, and litigation settlements, net, was $503.2 million for the second quarter, compared to non-GAAP income from operations of $455.5 million in the second quarter of fiscal year 2025.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Non-GAAP net income for the second quarter, which adjusts for stock-based compensation expense and related payroll taxes, gains on strategic investments, net, acquisition-related expenses, litigation settlements, net, and the tax effects on non-GAAP adjustments, was $471.3 million, or $1.53 per share.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Zoom's results computed in accordance with GAAP.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption Risk Factors and elsewhere in our most recent filings with the Securities and Exchange Commission (the SEC ), including our quarterly report on Form 10-Q for the fiscal quarter ended April 30, 2025.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Zoom defines non-GAAP income from operations as income from operations excluding stock-based compensation expense and related payroll taxes, acquisition-related expenses, and litigation settlements, net.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Zoom excludes significant litigation settlements, net of amounts covered by insurance, that we deem not to be in the ordinary course of our business.
SEC original ↗Zoom Communications — Earnings release (8-K exhibit)EX-99Aug 21, 2025
Competitors
Competitors & peers
Same GICS sector — classification peers, not declared competitors
Filings
62 documents- Q2 2026
- 8-KZM
Sep 2, 2026
- 10-QZM
Aug 26, 2026
- 8-KZM
Aug 25, 2026
- 8-KZM
Jul 28, 2026
- Q1 2026
- 8-KZM
Jun 15, 2026
- 10-QZM
May 22, 2026
- 8-KZM
May 21, 2026
- 8-KZM
Apr 2, 2026
- Q4 2025
- 10-KZM
Feb 27, 2026
- 8-KZM
Feb 25, 2026
- Q3 2025
- 10-QZM
Nov 25, 2025
- 8-KZM
Nov 24, 2025
- Q2 2025
- 10-QZM
Aug 22, 2025
- 8-KZM
Aug 21, 2025
- 8-KZM
Aug 15, 2025
- Q1 2025
- 8-KZM
Jun 18, 2025
- 10-QZM
May 23, 2025
- 8-KZM
May 21, 2025
- 8-KZM
Apr 25, 2025
- EX-99ZM
Apr 25, 2025
- 8-KZM
Apr 16, 2025
- Q4 2024
- 10-KZM
Feb 28, 2025
- 8-KZM
Feb 24, 2025
- Q3 2024
- 10-QZM
Nov 26, 2024
- 8-KZM
Nov 25, 2024
- 8-KZM
Oct 1, 2024
- Q2 2024
- 8-KZM
Aug 26, 2024
- 10-QZM
Aug 23, 2024
- 8-KZM
Aug 21, 2024
- Q1 2024
- 8-KZM
Jun 18, 2024
- 10-QZM
May 22, 2024
- 8-KZM
May 20, 2024
- Q4 2023
- 10-KZM
Mar 4, 2024
- 8-KZM
Feb 26, 2024
- Q3 2023
- 10-QZM
Nov 21, 2023
- 8-KZM
Nov 20, 2023
- Q2 2023
- 10-QZM
Aug 23, 2023
- 8-KZM
Aug 21, 2023
- 8-KZM
Jul 21, 2023
- Q1 2023
- 8-KZM
Jun 21, 2023
- 10-QZM
May 25, 2023
- 8-KZM
May 22, 2023
- Q4 2022
- 10-KZM
Mar 3, 2023
- 8-KZM
Mar 2, 2023
- 8-KZM
Feb 27, 2023
- 8-KZM
Feb 7, 2023
- EX-99ZM
Feb 7, 2023
- 8-KZM
Jan 26, 2023
- 8-KZM
Jan 13, 2023
- 8-KZM
Jan 5, 2023
- Q3 2022
- 10-QZM
Nov 23, 2022
- 8-KZM
Nov 21, 2022
- Q2 2022
- 10-QZM
Aug 24, 2022
- 8-KZM
Aug 22, 2022
- Q1 2022
- 8-KZM
Jun 22, 2022
- 8-KZM
Jun 6, 2022
- 10-QZM
May 25, 2022
- 8-KZM
May 23, 2022
- 8-K/AZM
May 23, 2022
- Q4 2021
- 10-KZM
Mar 7, 2022
- 8-KZM
Feb 28, 2022
- 8-KZM
Feb 28, 2022
Earnings releases
20 documentsPresentations
0 documentsNo presentations for Zoom Communications are held in this edition of the library.
Transcripts
0 documentsNo transcripts for Zoom Communications are held in this edition of the library.
See also the earnings calendar for every tracked company’s next earnings date.