Zoom Communications (ZM) Operating Expenses (2018 - 2026)

Zoom Communications (ZM) has 9 years of Operating Expenses data on file, last reported at $701.4 million in Q1 2026.

• Quarterly Operating Expenses rose 4.42% year-over-year to $701.4 million in Q1 2026, while the trailing twelve-month figure through Jan 2026 was $2.6 billion (down 3.54% YoY) and the FY2026 annual result came in at $2.6 billion, down 3.54% from the prior year.
• Operating Expenses rose 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.
• The 5-year median for Operating Expenses is $694.5 million (2023), against an average of $698.9 million.
• The widest annual swing landed in 2023, when Operating Expenses jumped 69.57%; it then retreated 26.4% in 2024.
• Tracing ZM's Operating Expenses over 5 years: stood at $764.7 million in 2022, then slipped by 8.94% to $696.4 million in 2023, then grew by 2.08% to $710.8 million in 2024, then retreated by 8.89% to $647.7 million in 2025, then advanced by 8.3% to $701.4 million in 2026.
• Per Business Quant, the three latest ZM Operating Expenses figures stand at $701.4 million (Q1 2026), $647.7 million (Q4 2025), and $622.3 million (Q3 2025).

Peer Comparison