Zoom Communications (ZM) Net Margin (2018 - 2026)

Zoom Communications' (ZM) quarterly Net Margin came in at 54.06% in Q1 2026, up 2299.0% year-on-year from 2.25% in Q1 2025, and up 8.47% on a QoQ basis from 49.83% in Q4 2025.

Zoom Communications (ZM) Net Margin (2018 - 2026) Analysis & Trends

Zoom Communications (ZM) has 9 years of Net Margin data on file, last reported at 54.06% in Q1 2026.

  • On a quarterly basis, Net Margin rose 2299.0% year-over-year to 54.06% in Q1 2026; TTM through Jan 2026 was 39.03%, a 1737.0% increase from a year earlier, with the FY2026 full-year figure at 39.03%, up 1737.0% from the prior year.
  • Net Margin for Q1 2026 stood at 54.06%, up from 49.83% in the prior quarter.
  • Over the last five years, Net Margin for ZM reached as high as 54.06% in Q1 2026 and fell as low as 9.31% in Q1 2023.
  • Historically, Net Margin has averaged 20.76% across 5 years, with a median of 18.84% in 2024.
  • Across the five-year window, Net Margin plunged 5509 bps in 2023 and surged 3537 bps in 2024, its largest moves.
  • Year by year, Net Margin stood at 4.39% in 2022, then soared by 183 bps to 12.42% in 2023, then surged by 42 bps to 17.58% in 2024, then soared by 183 bps to 49.83% in 2025, then increased by 8 bps to 54.06% in 2026.
  • Per Business Quant data, the three most recent Net Margin figures were 54.06% in Q1 2026, 49.83% in Q4 2025, and 29.46% in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Net Margin (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn 20.22%
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn -18.33%
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 2.29%
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 18.93%
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 7.47%
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 22.90%
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn -21.25%
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 22.77%
10 Zoom Communications 25.28 Bn 17.46 Bn 951.29 Mn 54.06%

Historic Data

Download Data
DateValue
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%