Zoom Communications (ZM) EBITDA Margin (2018 - 2026)
Zoom Communications (ZM) reported EBITDA Margin of 26.75% for fiscal Q2 2027 (quarter ended Jul 31, 2026), down 8.08 percentage points from 34.83% a year earlier.
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Analysis
Zoom Communications (ZM) EBITDA Margin (2018 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Zoom Communications' EBITDA Margin came in at 30.88%, up 1.69 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it was 31.63%, up 5.52 percentage points from FY2025.
- EBITDA Margin has increased for three consecutive fiscal years, with a five-year change of +1.72 percentage points (FY2021 to FY2026).
- By fiscal year, EBITDA Margin came in at 26.11% in FY2025 (+6.22 pp), 19.89% in FY2024 (+6.52 pp), 13.36% in FY2023 (-18.08 pp) and 31.44% in FY2022 (+1.53 pp).
- The fiscal Q2 2027 figure ranks as the lowest quarterly EBITDA Margin since fiscal Q3 2025.
- Year over year, EBITDA Margin gained in six of the last seven quarters, with an average year-over-year change of +2.90 percentage points.
- The high point for year-over-year EBITDA Margin in five years was fiscal Q4 2024 (a gain of 25.83 percentage points); the low point was fiscal Q4 2023 (a drop of 32.45 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn | 38.00% |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn | 14.16% |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn | 8.70% |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn | 40.27% |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn | 26.75% |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn | -31.69% |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn | 32.68% |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn | 22.89% |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn | 22.32% |
| 10 | Open Text | 5.38 Bn | 813.39 Mn | 1.01 Bn | 34.54% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 26.75% |
| Jan 31, 2026 | 28.51% |
| Oct 31, 2025 | 33.66% |
| Jul 31, 2025 | 34.83% |
| Apr 30, 2025 | 29.49% |
| Jan 31, 2025 | 27.93% |
| Oct 31, 2024 | 24.32% |
| Jul 31, 2024 | 26.08% |
| Apr 30, 2024 | 26.10% |
| Jan 31, 2024 | 22.90% |
| Oct 31, 2023 | 23.01% |
| Jul 31, 2023 | 23.65% |
| Apr 30, 2023 | 9.68% |
| Jan 31, 2023 | -2.93% |
| Oct 31, 2022 | 14.10% |
| Jul 31, 2022 | 18.68% |
| Apr 30, 2022 | 24.13% |
| Jan 31, 2022 | 29.53% |
| Oct 31, 2021 | 33.28% |
| Jul 31, 2021 | 34.09% |
API Access
Zoom Communications EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=ZM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "ZM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=ZM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();