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.
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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Adobe | 94.11 Bn | 88.47 Bn | 6.00 Bn | 3.64 Bn |
| 2 | Atlassian | 50.75 Bn | 49.51 Bn | 1.53 Bn | 1.32 Bn |
| 3 | Autodesk | 45.38 Bn | 41.23 Bn | 1.87 Bn | 1.27 Bn |
| 4 | Twilio | 44.64 Bn | 41.99 Bn | 725.87 Mn | 641.32 Mn |
| 5 | Zoom Communications | 26.86 Bn | 19.62 Bn | 985.50 Mn | 671.18 Mn |
| 6 | Figma | 11.55 Bn | 9.88 Bn | 309.61 Mn | 426.90 Mn |
| 7 | Dropbox | 7.52 Bn | 6.40 Bn | 506.50 Mn | 341.70 Mn |
| 8 | Nice | 7.12 Bn | 6.76 Bn | 995.81 Mn | 765.06 Mn |
| 9 | RingCentral | 6.64 Bn | 6.53 Bn | 472.31 Mn | 422.02 Mn |
| 10 | Open Text | 5.59 Bn | 4.63 Bn | 1.01 Bn | 691.79 Mn |
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 |
Zoom Communications Operating Expenses 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=operating-expenses&ticker=ZM&period=max&api_key=YOUR_API_KEY
import requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-expenses", "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=operating-expenses&ticker=ZM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();