Zoom Communications (ZM) Operating Margin (2018 - 2026)

Zoom Communications (ZM) has reported Operating Margin for 9 consecutive years, with 24.61% the latest figure, recorded in Q3 2026.

• On a quarterly basis, Operating Margin fell 182.0% year-over-year to 24.61% in Q3 2026; TTM through Jul 2026 was 24.07%, a 363.0% increase from a year earlier, with the FY2026 full-year figure at 23.08%, up 565.0% from the prior year.
• Operating Margin was 24.61% for Q3 2026 at Zoom Communications, up from 20.04% in the prior quarter.
• Over five years, Operating Margin peaked at 26.43% in Q3 2025 and troughed at 11.62% in Q1 2023.
• A 5-year average of 15.51% and a median of 17.41% in 2022 frame the typical range for Operating Margin.
• Across the five-year window, Operating Margin plunged 3512 bps in 2023 and surged 2632 bps in 2024, its largest moves.
• Over 5 years, Operating Margin stood at 6.04% in 2022, then surged by 147 bps to 14.9% in 2023, then increased by 4 bps to 15.53% in 2024, then jumped by 63 bps to 25.24% in 2025, then slipped by 2 bps to 24.61% in 2026.
• The last three Operating Margin figures came in at 24.61% (Q3 2026), 20.04% (Q1 2026), and 25.24% (Q4 2025), per Business Quant data.