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
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 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