Zoom Communications (ZM) Operating Leases (2019 - 2026)
Zoom Communications (ZM) posted quarterly 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 reported Operating Leases for 8 consecutive years, with $30.7 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Operating Leases fell 17.9% year-over-year to $30.7 million; the TTM figure through Jan 2026 stood at $30.7 million (down 17.9% YoY), while the FY2026 annual figure was $30.7 million, down 17.9% from the prior year.
- Operating Leases rose to $30.7 million in Q1 2026 per ZM's latest filing, from $28.1 million in the prior quarter.
- Across five years, Operating Leases topped out at $105.7 million in Q1 2022 and bottomed at $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.
- Annual changes were most pronounced in 2022 — Operating Leases declined 0.28% — and 2025, when it tumbled 48.73%.
- Zoom Communications' Operating Leases stood at $78.1 million in 2022, then decreased by 29.08% to $55.4 million in 2023, then tumbled by 32.16% to $37.6 million in 2024, then declined by 25.32% to $28.1 million in 2025, then advanced 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn |
| 10 | Zoom Communications | 31.31 Bn | 23.50 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 |