Zoom Communications (ZM) Cost of Revenue (2018 - 2026)

Zoom Communications (ZM) has 9 years of Cost of Revenue data on file, last reported at $359.5 million in Q1 2026.

• Cost of Revenue for Q1 2026 came in at $359.5 million, up 487.97% year-over-year; the trailing twelve-month figure through Jan 2026 was $1.2 billion (up 30.93% YoY), and the FY2026 annual result was $1.4 billion, up 22.9% from the prior year.
• Cost of Revenue grew to $359.5 million in Q1 2026 per ZM's latest filing, from $271.8 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $890.5 million in Q1 2023 and troughed at $61.1 million in Q1 2025.
• A 5-year average of $331.1 million and a median of $283.9 million in 2024 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2025 and 2026: Cost of Revenue tumbled 83.52% in 2025, then surged 487.97% in 2026.
• A 5-year view of Cost of Revenue shows it stood at $270.7 million in 2022, then advanced by 0.12% to $271.0 million in 2023, then gained by 4.76% to $283.9 million in 2024, then dropped by 4.27% to $271.8 million in 2025, then surged by 32.29% to $359.5 million in 2026.
• Business Quant data shows ZM's Cost of Revenue at $359.5 million in Q1 2026, $271.8 million in Q4 2025, and $273.2 million in Q3 2025.