Zoom Communications (ZM) Gross Margin (2018 - 2026)
Zoom Communications (ZM) reported Gross Margin of 76.29% for Q1 2026, up 55.0% year-over-year from 49.22% in Q1 2025, and down 2.07% on a QoQ basis from 77.9% in Q4 2025.
Zoom Communications (ZM) has 9 years of Gross Margin data on file, last reported at 76.29% in Q1 2026.
- Quarterly Gross Margin rose 55.0% year-over-year to 76.29% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 77.02% (up 123.0% YoY) and the FY2026 annual result came in at 77.02%, up 123.0% from the prior year.
- Gross Margin retreated to 76.29% in Q1 2026 per ZM's latest filing, from 77.9% in the prior quarter.
- Across five years, Gross Margin topped out at 77.9% in Q4 2025 and bottomed at 73.67% in Q1 2023.
- The 5-year median for Gross Margin is 75.98% (2022), against an average of 75.99%.
- The widest annual swing landed in 2022, when Gross Margin jumped 627 bps; it then plunged 231 bps in 2023.
- Tracing ZM's Gross Margin over 5 years: stood at 75.44% in 2022, then grew by 1 bps to 76.16% in 2023, then retreated by 0 bps to 75.89% in 2024, then rose by 3 bps to 77.9% in 2025, then decreased by 2 bps to 76.29% in 2026.
- Per Business Quant, the three latest ZM Gross Margin figures stand at 76.29% (Q1 2026), 77.9% (Q4 2025), and 77.56% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 72.98% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 77.61% |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 48.77% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 75.07% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 85.65% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 89.62% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 48.28% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 79.05% |
| 10 | Zoom Communications | 31.75 Bn | 23.93 Bn | 951.29 Mn | 76.29% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 76.29% |
| Oct 31, 2025 | 77.90% |
| Jul 31, 2025 | 77.56% |
| Apr 30, 2025 | 76.30% |
| Jan 31, 2025 | 75.73% |
| Oct 31, 2024 | 75.89% |
| Jul 31, 2024 | 75.48% |
| Apr 30, 2024 | 76.05% |
| Jan 31, 2024 | 75.90% |
| Oct 31, 2023 | 76.16% |
| Jul 31, 2023 | 76.59% |
| Apr 30, 2023 | 76.12% |
| Jan 31, 2023 | 73.67% |
| Oct 31, 2022 | 75.44% |
| Jul 31, 2022 | 75.11% |
| Apr 30, 2022 | 75.62% |
| Jan 31, 2022 | 75.98% |
| Oct 31, 2021 | 74.21% |
| Jul 31, 2021 | 74.42% |
| Apr 30, 2021 | 72.29% |
| Jan 31, 2021 | 69.71% |
| Oct 31, 2020 | 66.71% |
| Jul 31, 2020 | 71.02% |
| Apr 30, 2020 | 68.40% |
| Jan 31, 2020 | 82.71% |
| Oct 31, 2019 | 81.48% |
| Jul 31, 2019 | 80.87% |
| Apr 30, 2019 | 80.24% |
| Jan 31, 2019 | 81.55% |
| Oct 31, 2018 | 81.31% |
| Jul 31, 2018 | 82.59% |
| Apr 30, 2018 | 80.59% |