Zoom Communications ZM
NASDAQ ZM
$101.33 +3.19 (+3.25%)
At close: Sep 4, 2026 · 4:00 PM EDT

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

Historic Data

Download Data
DateValue
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