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% quarter-over-quarter 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.
- Net Margin for Q1 2026 came in at 54.06%, up 2299.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 39.03% (up 1737.0% YoY), and the FY2026 annual result was 39.03%, up 1737.0% from the prior year.
- Net Margin grew to 54.06% in Q1 2026 per ZM's latest filing, from 49.83% in the prior quarter.
- Over five years, Net Margin peaked at 54.06% in Q1 2026 and troughed at 9.31% in Q1 2023.
- A 5-year average of 20.76% and a median of 18.84% in 2024 frame the typical range for Net Margin.
- The sharpest annual moves came in 2023 and 2024: Net Margin slumped 5509 bps in 2023, then jumped 3537 bps in 2024.
- A 5-year view of Net Margin shows it 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 advanced by 8 bps to 54.06% in 2026.
- Business Quant data shows ZM's Net Margin at 54.06% in Q1 2026, 49.83% in Q4 2025, and 29.46% in Q3 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 20.22% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 2.29% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | -18.33% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 18.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 22.77% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.44% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 22.90% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 25.87% |
| 10 | Zoom Communications | 27.67 Bn | 19.85 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% |