Zoom Communications (ZM) Gross Margin (2018 - 2026)
Zoom Communications (ZM) recorded Gross Margin of 77.16% in fiscal Q2 2027 (quarter ended Jul 31, 2026), down 0.40 percentage points from 77.56% a year earlier.
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Analysis
Zoom Communications (ZM) Gross Margin (2018 - 2026) Analysis & Trends
On a TTM basis, Zoom Communications' Gross Margin came in at 77.22% as of Jul 31, 2026, up 0.84 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 77.02%, up 1.23 percentage points from FY2025.
- Annual Gross Margin has a five-year change of +8.02 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Gross Margin came in at 75.79% in FY2025 (-0.41 pp), 76.19% in FY2024 (+1.24 pp), 74.95% in FY2023 (+0.67 pp) and 74.28% in FY2022 (+5.28 pp).
- Quarterly Gross Margin has ranged from 73.67% in fiscal Q4 2023 to 77.90% in fiscal Q3 2026 over the past five years.
- On a year-over-year basis, Gross Margin rose in four of the last seven quarters, with an average year-over-year change of +0.58 percentage points.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 7.50 percentage points in fiscal Q3 2022, against a drop of 2.31 percentage points in fiscal Q4 2023 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 90.32 Bn | 65.57 Bn | 6.00 Bn | 88.71% |
| 2 | Atlassian | 46.45 Bn | 39.73 Bn | 1.53 Bn | 86.50% |
| 3 | Twilio | 44.08 Bn | 34.07 Bn | 725.87 Mn | 48.42% |
| 4 | Autodesk | 43.30 Bn | 31.34 Bn | 1.87 Bn | 91.40% |
| 5 | Zoom Communications | 25.52 Bn | -5.27 Bn | 985.50 Mn | 77.16% |
| 6 | Figma | 10.74 Bn | 4.24 Bn | 309.61 Mn | 83.66% |
| 7 | Dropbox | 7.01 Bn | 2.65 Bn | 506.50 Mn | 80.21% |
| 8 | Nice | 6.59 Bn | 5.06 Bn | 995.81 Mn | 64.21% |
| 9 | RingCentral | 6.37 Bn | 5.87 Bn | 472.31 Mn | 71.89% |
| 10 | Open Text | 5.38 Bn | 813.39 Mn | 1.01 Bn | 74.98% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 77.16% |
| 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% |
API Access
Zoom Communications Gross 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=gross-margin&ticker=ZM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-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=gross-margin&ticker=ZM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();