Zoom Communications (ZM) FCF Margin (2018 - 2026)
Zoom Communications (ZM) recorded FCF Margin of 27.14% in fiscal Q4 2026 (quarter ended Jan 31, 2026), down 8.01 percentage points from 35.15% a year earlier and down 22.81 percentage points from the prior quarter.
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Analysis
Zoom Communications (ZM) FCF Margin (2018 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Zoom Communications reported FCF Margin of 39.52%, up 0.75 percentage points from FY2025.
- Annual FCF Margin has increased for three straight fiscal years, though with a five-year change of -12.95 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, FCF Margin came in at 38.77% in FY2025 (+6.26 pp), 32.51% in FY2024 (+5.50 pp), 27.01% in FY2023 (-8.91 pp) and 35.92% in FY2022 (-16.55 pp).
- The fiscal Q4 2026 figure is the lowest quarterly FCF Margin since fiscal Q2 2024.
- On a year-over-year basis, FCF Margin rose in five of the last eight quarters, with an average year-over-year change of +3.51 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 15.13 percentage points in fiscal Q3 2024, against a drop of 29.20 percentage points in fiscal Q1 2022 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 49.95% (Q3 2026), 41.73% (Q2 2026) and 39.44% (Q1 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn | 36.07% |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn | 26.87% |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn | 24.64% |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn | 27.42% |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn | - |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn | - |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn | 37.24% |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn | 20.58% |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn | 29.81% |
| 10 | Open Text | 5.38 Bn | 813.39 Mn | 1.01 Bn | 9.04% |
Historic Data
Download Data
Historic 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 | 17.61% |
| Oct 31, 2021 | 35.67% |
| Jul 31, 2021 | 44.55% |
| Apr 30, 2021 | 47.50% |
API Access
Zoom Communications FCF 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=fcf-margin&ticker=ZM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-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=fcf-margin&ticker=ZM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();