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
DateValue
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