Zoom Communications (ZM) FCF Margin (2018 - 2026)
Zoom Communications (ZM) reported FCF Margin of 31.13% for Q1 2026, down 1383.0% year-over-year from 2.43% in Q1 2025, and down 37.68% quarter-over-quarter 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 31.13% in Q1 2026.
- FCF Margin for Q1 2026 came in at 31.13%, down 1383.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 40.54% (down 72.0% YoY), and the FY2026 annual result was 40.54%, down 72.0% from the prior year.
- FCF Margin fell to 31.13% in Q1 2026 per ZM's latest filing, from 49.95% in the prior quarter.
- Over five years, FCF Margin peaked at 49.95% in Q4 2025 and troughed at 16.4% in Q1 2023.
- A 5-year average of 34.35% and a median of 35.89% in 2023 frame the typical range for FCF Margin.
- The sharpest annual moves came in 2022 and 2025: FCF Margin tumbled 3037 bps in 2022, then surged 1594 bps in 2025.
- A 5-year view of FCF Margin shows it stood at 24.74% in 2022, then surged by 61 bps to 39.87% in 2023, then dropped by 2 bps to 38.87% in 2024, then grew by 29 bps to 49.95% in 2025, then tumbled by 38 bps to 31.13% in 2026.
- Business Quant data shows ZM's FCF Margin at 31.13% 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 | 238.14 Bn | 220.17 Bn | 8.16 Bn | 36.77% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 17.31% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 15.02% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 58.89% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 20.82% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 41.64% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 36.83% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 31.84% |
| 10 | Zoom Communications | 27.67 Bn | 19.85 Bn | 951.29 Mn | 31.13% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 31.13% |
| Oct 31, 2025 | 49.95% |
| Jul 31, 2025 | 41.73% |
| Apr 30, 2025 | 39.44% |
| Jan 31, 2025 | 44.96% |
| 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 | 17.61% |
| Oct 31, 2021 | 35.67% |
| Jul 31, 2021 | 44.55% |
| Apr 30, 2021 | 47.50% |