Zoom Communications (ZM) Net Margin (2018 - 2026)
Zoom Communications (ZM) reported Net Margin of 54.06% for Q1 2026, up 2299.0% year-over-year from 2.25% in Q1 2025, and up 8.47% on a QoQ basis from 49.83% in Q4 2025.
Zoom Communications (ZM) has 9 years of Net Margin data on file, last reported at 54.06% in Q1 2026.
- Quarterly Net Margin rose 2299.0% year-over-year to 54.06% in Q1 2026, while the trailing twelve-month figure through Jan 2026 was 39.03% (up 1737.0% YoY) and the FY2026 annual result came in at 39.03%, up 1737.0% from the prior year.
- Net Margin advanced to 54.06% in Q1 2026 per ZM's latest filing, from 49.83% in the prior quarter.
- Across five years, Net Margin topped out at 54.06% in Q1 2026 and bottomed at 9.31% in Q1 2023.
- The 5-year median for Net Margin is 18.84% (2024), against an average of 20.76%.
- The widest annual swing landed in 2023, when Net Margin plunged 5509 bps; it then surged 3537 bps in 2024.
- Tracing ZM's Net Margin over 5 years: stood at 4.39% in 2022, then jumped by 183 bps to 12.42% in 2023, then soared by 42 bps to 17.58% in 2024, then jumped by 183 bps to 49.83% in 2025, then rose by 8 bps to 54.06% in 2026.
- Per Business Quant, the three latest ZM Net Margin figures stand at 54.06% (Q1 2026), 49.83% (Q4 2025), and 29.46% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | 20.22% |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 17.47% |
| 3 | Uber Technologies | 147.39 Bn | 146.35 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | -18.33% |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 12.44% |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 22.77% |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 29.52% |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 22.90% |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 35.80% |
| 10 | Zoom Communications | 31.75 Bn | 23.93 Bn | 951.29 Mn | 54.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| 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% |
| Apr 30, 2021 | 23.78% |
| Jan 31, 2021 | 29.51% |
| Oct 31, 2020 | 25.53% |
| Jul 31, 2020 | 27.99% |
| Apr 30, 2020 | 8.24% |
| Jan 31, 2020 | 8.13% |
| Oct 31, 2019 | 1.32% |
| Jul 31, 2019 | 3.79% |
| Apr 30, 2019 | 0.16% |
| Jan 31, 2019 | 1.13% |
| Oct 31, 2018 | -0.66% |
| Jul 31, 2018 | 0.67% |
| Apr 30, 2018 | -2.23% |