Zoom Communications (ZM) Operating Expenses (2018 - 2026)
Zoom Communications (ZM) posted quarterly Operating Expenses of $701.4 million for Q1 2026, up 4.42% year-over-year from $671.7 million in Q1 2025, and up 8.3% quarter-over-quarter from $647.7 million in Q4 2025.
Zoom Communications (ZM) Operating Expenses (2018 - 2026) Analysis & Trends
Zoom Communications (ZM) has reported Operating Expenses for 9 consecutive years, with $701.4 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Expenses rose 4.42% year-over-year to $701.4 million; the TTM figure through Jan 2026 stood at $2.6 billion (down 3.54% YoY), while the FY2026 annual figure was $2.6 billion, down 3.54% from the prior year.
- Operating Expenses advanced to $701.4 million in Q1 2026 per ZM's latest filing, from $647.7 million in the prior quarter.
- Across five years, Operating Expenses topped out at $953.3 million in Q1 2023 and bottomed at $562.2 million in Q1 2022.
- Historically, Operating Expenses has averaged $698.9 million across 5 years, with a median of $694.5 million in 2023.
- Annual changes were most pronounced in 2023 — Operating Expenses soared 69.57% — and 2024, when it slipped 26.4%.
- Zoom Communications' Operating Expenses stood at $764.7 million in 2022, then fell by 8.94% to $696.4 million in 2023, then gained by 2.08% to $710.8 million in 2024, then dropped by 8.89% to $647.7 million in 2025, then increased by 8.3% to $701.4 million in 2026.
- Business Quant data shows ZM's Operating Expenses at $701.4 million in Q1 2026, $647.7 million in Q4 2025, and $622.3 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -16.33 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 1.22 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 6.22 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 12.30 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 2.66 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 1.25 Bn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 4.34 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 3.67 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 4.54 Bn |
| 10 | Zoom Communications | 31.31 Bn | 23.50 Bn | 951.29 Mn | 701.40 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Apr 30, 2021 | 464.93 Mn |