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

Zoom Communications (ZM) has 9 years of Operating Margin data on file, last reported at 20.04% in Q1 2026.

• On a quarterly basis, Operating Margin rose 103.0% year-over-year to 20.04% in Q1 2026; TTM through Jan 2026 was 23.08%, a 565.0% increase from a year earlier, with the FY2026 full-year figure at 23.08%, up 565.0% from the prior year.
• Operating Margin for Q1 2026 stood at 20.04%, down from 25.24% in the prior quarter.
• Over the last five years, Operating Margin for ZM reached as high as 26.43% in Q3 2025 and fell as low as 11.62% in Q1 2023.
• Historically, Operating Margin has averaged 14.97% across 5 years, with a median of 17.41% in 2024.
• Across the five-year window, Operating Margin sank 3512 bps in 2023 and jumped 2632 bps in 2024, its largest moves.
• Year by year, Operating Margin stood at 6.04% in 2022, then soared by 147 bps to 14.9% in 2023, then climbed by 4 bps to 15.53% in 2024, then surged by 63 bps to 25.24% in 2025, then fell by 21 bps to 20.04% in 2026.
• Per Business Quant data, the three most recent Operating Margin figures were 20.04% in Q1 2026, 25.24% in Q4 2025, and 26.43% in Q3 2025.