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% quarter-over-quarter from 77.9% in Q4 2025.
Zoom Communications (ZM) Gross Margin (2018 - 2026) Analysis & Trends
Zoom Communications (ZM) has 9 years of Gross Margin data on file, last reported at 76.29% in Q1 2026.
- Gross Margin for Q1 2026 came in at 76.29%, up 55.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 77.02% (up 123.0% YoY), and the FY2026 annual result was 77.02%, up 123.0% from the prior year.
- Gross Margin fell to 76.29% in Q1 2026 per ZM's latest filing, from 77.9% 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 75.99% and a median of 75.98% in 2022 frame the typical range for Gross Margin.
- The sharpest annual moves came in 2022 and 2023: Gross Margin soared 627 bps in 2022, then slumped 231 bps in 2023.
- A 5-year view of Gross Margin shows it stood at 75.44% in 2022, then rose by 1 bps to 76.16% in 2023, then slipped by 0 bps to 75.89% in 2024, then advanced by 3 bps to 77.9% in 2025, then dropped by 2 bps to 76.29% in 2026.
- Business Quant data shows ZM's Gross Margin at 76.29% in Q1 2026, 77.9% in Q4 2025, and 77.56% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 72.98% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 89.96% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 48.77% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 76.92% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 85.65% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 75.07% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 48.28% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 89.20% |
| 10 | Zoom Communications | 27.67 Bn | 19.85 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% |