Zoom Communications (ZM) Net Margin (2018 - 2026)
Zoom Communications' (ZM) quarterly Net Margin came in at 120.77% in Q3 2026, up 9131.0% year-over-year from 1.31% in Q3 2025, and up 123.41% quarter-over-quarter from 54.06% in Q1 2026.
Analysis
Zoom Communications (ZM) Net Margin (2018 - 2026) Analysis & Trends
Zoom Communications (ZM) has reported Net Margin for 9 consecutive years, with 120.77% the latest figure, recorded in Q3 2026.
- On a quarterly basis, Net Margin rose 9131.0% year-over-year to 120.77% in Q3 2026; TTM through Jul 2026 was 64.13%, a 3913.0% increase from a year earlier, with the FY2026 full-year figure at 39.03%, up 1737.0% from the prior year.
- Net Margin was 120.77% for Q3 2026 at Zoom Communications, up from 54.06% in the prior quarter.
- Over five years, Net Margin peaked at 120.77% in Q3 2026 and troughed at 9.31% in Q1 2023.
- A 5-year average of 26.32% and a median of 18.9% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin tumbled 5509 bps in 2023 and surged 9131 bps in 2026, its largest moves.
- Over 5 years, Net Margin stood at 4.39% in 2022, then surged by 183 bps to 12.42% in 2023, then jumped by 42 bps to 17.58% in 2024, then surged by 183 bps to 49.83% in 2025, then soared by 142 bps to 120.77% in 2026.
- The last three Net Margin figures came in at 120.77% (Q3 2026), 54.06% (Q1 2026), and 49.83% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Twilio | 35.77 Bn | 33.11 Bn | 725.87 Mn | 71.19% |
| 2 | Zoom Communications | 29.62 Bn | 22.37 Bn | 985.50 Mn | 120.77% |
| 3 | Nice | 6.38 Bn | 6.02 Bn | 995.81 Mn | 8.38% |
| 4 | RingCentral | 6.14 Bn | 6.03 Bn | 472.31 Mn | 5.95% |
| 5 | Five9 | 2.49 Bn | 1.83 Bn | 166.74 Mn | 1.08% |
| 6 | Bandwidth | 1.35 Bn | 1.17 Bn | 78.54 Mn | 1.09% |
| 7 | Consensus Cloud Solutions | 648.68 Mn | 549.78 Mn | 73.07 Mn | 29.96% |
| 8 | Ooma | 640.32 Mn | 622.79 Mn | 50.99 Mn | 3.56% |
| 9 | Agora | 498.86 Mn | 423.01 Mn | 25.74 Mn | 5.44% |
| 10 | 8X8 | 263.26 Mn | 168.30 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 120.77% |
| Jan 31, 2026 | 54.06% |
| Oct 31, 2025 | 49.83% |
| Jul 31, 2025 | 29.46% |
| Apr 30, 2025 | 21.67% |
| Jan 31, 2025 | 31.07% |
| Oct 31, 2024 | 17.58% |
| Jul 31, 2024 | 18.84% |
| Apr 30, 2024 | 18.95% |
| Jan 31, 2024 | 26.07% |
| Oct 31, 2023 | 12.42% |
| Jul 31, 2023 | 15.98% |
| Apr 30, 2023 | 1.40% |
| Jan 31, 2023 | -9.31% |
| Oct 31, 2022 | 4.39% |
| Jul 31, 2022 | 4.16% |
| Apr 30, 2022 | 10.58% |
| Jan 31, 2022 | 45.78% |
| Oct 31, 2021 | 32.38% |
| Jul 31, 2021 | 31.03% |