Zoom Communications (ZM) Net Margin (2018 - 2026)
Zoom Communications (ZM) reported Net Margin of 120.77% for fiscal Q2 2027 (quarter ended Jul 31, 2026), up 91.31 percentage points from 29.46% a year earlier.
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Analysis
Zoom Communications (ZM) Net Margin (2018 - 2026) Analysis & Trends
Over the twelve months ended Jul 31, 2026, Zoom Communications' Net Margin came in at 64.13%, up 39.13 percentage points year-over-year; for FY2026 (ended Jan 31, 2026), it came in at 39.03%, up 17.37 percentage points from FY2025.
- Net Margin has increased for three consecutive fiscal years, with a five-year change of +13.70 percentage points (FY2021 to FY2026).
- By fiscal year, Net Margin came in at 21.65% in FY2025 (+7.57 pp), 14.08% in FY2024 (+11.72 pp), 2.36% in FY2023 (-31.18 pp) and 33.54% in FY2022 (+8.21 pp).
- The fiscal Q2 2027 figure ranks as the highest quarterly Net Margin in data going back to fiscal Q1 2019.
- The high point for year-over-year Net Margin in five years was fiscal Q2 2027 (a gain of 91.31 percentage points); the low point was fiscal Q4 2023 (a drop of 55.09 percentage points).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 91.17 Bn | 66.42 Bn | 6.00 Bn | 27.03% |
| 2 | Atlassian | 45.78 Bn | 39.06 Bn | 1.53 Bn | 7.87% |
| 3 | Twilio | 44.66 Bn | 34.66 Bn | 725.87 Mn | 71.19% |
| 4 | Autodesk | 42.46 Bn | 30.50 Bn | 1.87 Bn | 24.05% |
| 5 | Zoom Communications | 25.83 Bn | -4.96 Bn | 985.50 Mn | 120.77% |
| 6 | Figma | 11.00 Bn | 4.50 Bn | 309.61 Mn | -30.30% |
| 7 | Dropbox | 7.18 Bn | 2.82 Bn | 506.50 Mn | 15.17% |
| 8 | Nice | 6.45 Bn | 4.92 Bn | 995.81 Mn | 8.38% |
| 9 | RingCentral | 6.23 Bn | 5.73 Bn | 472.31 Mn | 5.95% |
| 10 | Open Text | 5.40 Bn | 835.18 Mn | 1.01 Bn | 11.54% |
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% |
API Access
Zoom Communications Net 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=net-margin&ticker=ZM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=ZM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();