Zoom Communications (ZM) FCF Margin (2018 - 2026)
Zoom Communications (ZM) posted quarterly FCF Margin of 27.14% for Q1 2026, down 801.0% year-over-year from 3.87% in Q1 2025, and down 45.67% quarter-over-quarter from 49.95% in Q4 2025.
Zoom Communications (ZM) FCF Margin (2018 - 2026) Analysis & Trends
Zoom Communications (ZM) has reported FCF Margin for 9 consecutive years, with 27.14% the latest figure, recorded in Q1 2026.
- In Q1 2026, FCF Margin fell 801.0% year-over-year to 27.14%; the TTM figure through Jan 2026 stood at 39.52% (up 75.0% YoY), while the FY2026 annual figure was 39.52%, up 75.0% from the prior year.
- FCF Margin retreated to 27.14% in Q1 2026 per ZM's latest filing, from 49.95% in the prior quarter.
- Across five years, FCF Margin topped out at 49.95% in Q4 2025 and bottomed at 16.4% in Q1 2023.
- Historically, FCF Margin has averaged 34.19% across 5 years, with a median of 35.15% in 2025.
- Annual changes were most pronounced in 2022 — FCF Margin slumped 2368 bps — and 2023, when it jumped 1513 bps.
- Zoom Communications' FCF Margin stood at 24.74% in 2022, then soared by 61 bps to 39.87% in 2023, then declined by 2 bps to 38.87% in 2024, then increased by 29 bps to 49.95% in 2025, then sank by 46 bps to 27.14% in 2026.
- Business Quant data shows ZM's FCF Margin at 27.14% in Q1 2026, 49.95% in Q4 2025, and 41.73% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | 36.13% |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 18.25% |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 58.89% |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 19.67% |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 11.86% |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 16.73% |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 24.76% |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 31.84% |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 61.18% |
| 10 | Zoom Communications | 31.31 Bn | 23.50 Bn | 951.29 Mn | 27.14% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 27.14% |
| Oct 31, 2025 | 49.95% |
| Jul 31, 2025 | 41.73% |
| Apr 30, 2025 | 39.44% |
| Jan 31, 2025 | 35.15% |
| Oct 31, 2024 | 38.87% |
| Jul 31, 2024 | 31.41% |
| Apr 30, 2024 | 49.92% |
| Jan 31, 2024 | 29.02% |
| Oct 31, 2023 | 39.87% |
| Jul 31, 2023 | 25.41% |
| Apr 30, 2023 | 35.89% |
| Jan 31, 2023 | 16.40% |
| Oct 31, 2022 | 24.74% |
| Jul 31, 2022 | 20.86% |
| Apr 30, 2022 | 46.67% |
| Jan 31, 2022 | 28.70% |
| Oct 31, 2021 | 35.67% |
| Jul 31, 2021 | 44.55% |
| Apr 30, 2021 | 47.50% |