Zoom Communications (ZM) Operating Leases (2019 - 2026)
Zoom Communications (ZM) reported Operating Leases of $30.7 million for Q1 2026, down 17.9% year-over-year from $37.4 million in Q1 2025, and up 9.4% quarter-over-quarter from $28.1 million in Q4 2025.
Zoom Communications (ZM) Operating Leases (2019 - 2026) Analysis & Trends
Zoom Communications (ZM) has 8 years of Operating Leases data on file, last reported at $30.7 million in Q1 2026.
- Operating Leases for Q1 2026 came in at $30.7 million, down 17.9% year-over-year; the trailing twelve-month figure through Jan 2026 was $30.7 million (down 17.9% YoY), and the FY2026 annual result was $30.7 million, down 17.9% from the prior year.
- Operating Leases advanced to $30.7 million in Q1 2026 per ZM's latest filing, from $28.1 million in the prior quarter.
- Over five years, Operating Leases peaked at $105.7 million in Q1 2022 and troughed at $28.1 million in Q4 2025.
- A 5-year average of $55.8 million and a median of $48.3 million in 2024 frame the typical range for Operating Leases.
- The sharpest annual moves came in 2022 and 2024: Operating Leases declined 0.28% in 2022, then sank 49.93% in 2024.
- A 5-year view of Operating Leases shows it stood at $78.1 million in 2022, then retreated by 29.08% to $55.4 million in 2023, then slumped by 32.16% to $37.6 million in 2024, then dropped by 25.32% to $28.1 million in 2025, then gained by 9.4% to $30.7 million in 2026.
- Business Quant data shows ZM's Operating Leases at $30.7 million in Q1 2026, $28.1 million in Q4 2025, and $32.0 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn |
| 10 | Zoom Communications | 27.67 Bn | 19.85 Bn | 951.29 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 30.71 Mn |
| Oct 31, 2025 | 28.07 Mn |
| Jul 31, 2025 | 32.02 Mn |
| Apr 30, 2025 | 35.89 Mn |
| Jan 31, 2025 | 37.41 Mn |
| Oct 31, 2024 | 37.59 Mn |
| Jul 31, 2024 | 36.05 Mn |
| Apr 30, 2024 | 40.28 Mn |
| Jan 31, 2024 | 48.31 Mn |
| Oct 31, 2023 | 55.41 Mn |
| Jul 31, 2023 | 62.18 Mn |
| Apr 30, 2023 | 68.47 Mn |
| Jan 31, 2023 | 96.48 Mn |
| Oct 31, 2022 | 78.13 Mn |
| Jul 31, 2022 | 75.95 Mn |
| Apr 30, 2022 | 80.20 Mn |
| Jan 31, 2022 | 105.72 Mn |
| Oct 31, 2021 | 79.32 Mn |
| Jul 31, 2021 | 83.01 Mn |
| Apr 30, 2021 | 86.43 Mn |