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

Zoom Communications (ZM) has reported Gross Margin for 9 consecutive years, with 77.16% the latest figure, recorded in Q3 2026.

• On a quarterly basis, Gross Margin fell 40.0% year-over-year to 77.16% in Q3 2026; TTM through Jul 2026 was 77.22%, a 84.0% increase from a year earlier, with the FY2026 full-year figure at 77.02%, up 123.0% from the prior year.
• Gross Margin was 77.16% for Q3 2026 at Zoom Communications, up from 76.29% in the prior quarter.
• Over five years, Gross Margin peaked at 77.9% in Q4 2025 and troughed at 73.67% in Q1 2023.
• A 5-year average of 76.05% and a median of 76.02% in 2024 frame the typical range for Gross Margin.
• Across the five-year window, Gross Margin surged 627 bps in 2022 and tumbled 231 bps in 2023, its largest moves.
• Over 5 years, Gross Margin stood at 75.44% in 2022, then increased by 1 bps to 76.16% in 2023, then decreased by 0 bps to 75.89% in 2024, then gained by 3 bps to 77.9% in 2025, then dropped by 1 bps to 77.16% in 2026.
• The last three Gross Margin figures came in at 77.16% (Q3 2026), 76.29% (Q1 2026), and 77.9% (Q4 2025), per Business Quant data.