Zoom Communications (ZM) FCF Margin (2018 - 2026)

Zoom Communications' (ZM) quarterly FCF Margin came in at 27.14% in Q1 2026, down 801.0% year-on-year from 3.87% in Q1 2025, and down 45.67% on a QoQ basis from 49.95% in Q4 2025.

Zoom Communications (ZM) FCF Margin (2018 - 2026) Analysis & Trends

Zoom Communications (ZM) has 9 years of FCF Margin data on file, last reported at 27.14% in Q1 2026.

  • On a quarterly basis, FCF Margin fell 801.0% year-over-year to 27.14% in Q1 2026; TTM through Jan 2026 was 39.52%, a 75.0% increase from a year earlier, with the FY2026 full-year figure at 39.52%, up 75.0% from the prior year.
  • FCF Margin for Q1 2026 stood at 27.14%, down from 49.95% in the prior quarter.
  • Over the last five years, FCF Margin for ZM reached as high as 49.95% in Q4 2025 and fell as low as 16.4% in Q1 2023.
  • Historically, FCF Margin has averaged 34.19% across 5 years, with a median of 35.15% in 2025.
  • Across the five-year window, FCF Margin plunged 2368 bps in 2022 and surged 1513 bps in 2023, its largest moves.
  • Year by year, FCF Margin stood at 24.74% in 2022, then surged by 61 bps to 39.87% in 2023, then retreated by 2 bps to 38.87% in 2024, then gained by 29 bps to 49.95% in 2025, then sank by 46 bps to 27.14% in 2026.
  • Per Business Quant data, the three most recent FCF Margin figures were 27.14% in Q1 2026, 49.95% in Q4 2025, and 41.73% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Margin (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 39.26%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 15.02%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 17.31%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 58.89%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 11.86%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 36.83%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 16.73%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 20.82%
10 Zoom Communications 25.28 Bn 17.46 Bn 951.29 Mn 27.14%

Historic Data

Download Data
DateValue
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%