Zoom Communications (ZM) Operating Expenses (2018 - 2026)
Zoom Communications' (ZM) quarterly Operating Expenses came in at $671.2 million in Q3 2026, up 7.85% year-over-year from $622.3 million in Q3 2025, and down 4.31% quarter-over-quarter from $701.4 million in Q1 2026.
Analysis
Zoom Communications (ZM) Operating Expenses (2018 - 2026) Analysis & Trends
Zoom Communications (ZM) has reported Operating Expenses for 9 consecutive years, with $671.2 million the latest figure, recorded in Q3 2026.
- On a quarterly basis, Operating Expenses rose 7.85% year-over-year to $671.2 million in Q3 2026; TTM through Jul 2026 was $2.6 billion, a 0.64% decrease from a year earlier, with the FY2026 full-year figure at $2.6 billion, down 3.54% from the prior year.
- Operating Expenses was $671.2 million for Q3 2026 at Zoom Communications, down from $701.4 million in the prior quarter.
- Over five years, Operating Expenses peaked at $953.3 million in Q1 2023 and troughed at $562.2 million in Q1 2022.
- A 5-year average of $697.4 million and a median of $684.8 million in 2023 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses surged 69.57% in 2023 and decreased 26.4% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at $764.7 million in 2022, then dropped by 8.94% to $696.4 million in 2023, then increased by 2.08% to $710.8 million in 2024, then decreased by 8.89% to $647.7 million in 2025, then gained by 3.63% to $671.2 million in 2026.
- The last three Operating Expenses figures came in at $671.2 million (Q3 2026), $701.4 million (Q1 2026), and $647.7 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Twilio | 35.77 Bn | 33.11 Bn | 725.87 Mn | 641.32 Mn |
| 2 | Zoom Communications | 29.62 Bn | 22.37 Bn | 985.50 Mn | 671.18 Mn |
| 3 | Nice | 6.38 Bn | 6.02 Bn | 995.81 Mn | 765.06 Mn |
| 4 | RingCentral | 6.14 Bn | 6.03 Bn | 472.31 Mn | 422.02 Mn |
| 5 | Five9 | 2.49 Bn | 1.83 Bn | 166.74 Mn | 164.77 Mn |
| 6 | Bandwidth | 1.35 Bn | 1.17 Bn | 78.54 Mn | 83.10 Mn |
| 7 | Consensus Cloud Solutions | 648.68 Mn | 549.78 Mn | 73.07 Mn | 36.24 Mn |
| 8 | Ooma | 640.32 Mn | 622.79 Mn | 50.99 Mn | 47.00 Mn |
| 9 | Agora | 498.86 Mn | 423.01 Mn | 25.74 Mn | 27.28 Mn |
| 10 | 8X8 | 263.26 Mn | 168.30 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 671.18 Mn |
| Jan 31, 2026 | 701.40 Mn |
| Oct 31, 2025 | 647.65 Mn |
| Jul 31, 2025 | 622.33 Mn |
| Apr 30, 2025 | 654.72 Mn |
| Jan 31, 2025 | 671.72 Mn |
| Oct 31, 2024 | 710.82 Mn |
| Jul 31, 2024 | 675.06 Mn |
| Apr 30, 2024 | 664.91 Mn |
| Jan 31, 2024 | 701.62 Mn |
| Oct 31, 2023 | 696.35 Mn |
| Jul 31, 2023 | 694.50 Mn |
| Apr 30, 2023 | 831.68 Mn |
| Jan 31, 2023 | 953.34 Mn |
| Oct 31, 2022 | 764.73 Mn |
| Jul 31, 2022 | 704.10 Mn |
| Apr 30, 2022 | 624.91 Mn |
| Jan 31, 2022 | 562.21 Mn |
| Oct 31, 2021 | 488.94 Mn |
| Jul 31, 2021 | 465.64 Mn |