Zoom Communications (ZM) Operating Leases (2019 - 2026)
Zoom Communications' (ZM) quarterly Operating Leases came in at $30.7 million in Q1 2026, down 17.9% year-on-year from $37.4 million in Q1 2025, and up 9.4% on a QoQ basis 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.
- On a quarterly basis, Operating Leases fell 17.9% year-over-year to $30.7 million in Q1 2026; TTM through Jan 2026 was $30.7 million, a 17.9% decrease from a year earlier, with the FY2026 full-year figure at $30.7 million, down 17.9% from the prior year.
- Operating Leases for Q1 2026 stood at $30.7 million, up from $28.1 million in the prior quarter.
- Over the last five years, Operating Leases for ZM reached as high as $105.7 million in Q1 2022 and fell as low as $28.1 million in Q4 2025.
- Historically, Operating Leases has averaged $57.3 million across 5 years, with a median of $55.4 million in 2023.
- Across the five-year window, Operating Leases slipped 0.28% in 2022 and sank 48.73% in 2025, its largest moves.
- Year by year, Operating Leases stood at $78.1 million in 2022, then dropped by 29.08% to $55.4 million in 2023, then tumbled by 32.16% to $37.6 million in 2024, then retreated by 25.32% to $28.1 million in 2025, then grew by 9.4% to $30.7 million in 2026.
- Per Business Quant data, the three most recent Operating Leases figures were $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 | 208.91 Bn | 189.27 Bn | 8.16 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn |
| 10 | Zoom Communications | 25.28 Bn | 17.46 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 | 72.95 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 |