Zoom Communications (ZM) Research & Development (2018 - 2026)
Zoom Communications' (ZM) quarterly Research & Development came in at $330.5 million in Q3 2026, down 2.5% year-over-year from $339.0 million in Q3 2025, and down 8.07% quarter-over-quarter from $359.5 million in Q1 2026.
Analysis
Zoom Communications (ZM) Research & Development (2018 - 2026) Analysis & Trends
Zoom Communications (ZM) has reported Research & Development for 9 consecutive years, with $330.5 million the latest figure, recorded in Q3 2026.
- On a quarterly basis, Research & Development fell 2.5% year-over-year to $330.5 million in Q3 2026; TTM through Jul 2026 was $1.4 billion, a 2.47% decrease from a year earlier, with the FY2026 full-year figure at $1.4 billion, down 2.74% from the prior year.
- Research & Development was $330.5 million for Q3 2026 at Zoom Communications, down from $359.5 million in the prior quarter.
- Over five years, Research & Development peaked at $505.6 million in Q1 2023 and troughed at $325.4 million in Q1 2022.
- A 5-year average of $372.8 million and a median of $360.6 million in 2024 frame the typical range for Research & Development.
- Across the five-year window, Research & Development surged 55.37% in 2023 and fell 26.61% in 2024, its largest moves.
- Over 5 years, Research & Development stood at $427.7 million in 2022, then decreased by 12.48% to $374.4 million in 2023, then declined by 3.39% to $361.7 million in 2024, then fell by 5.22% to $342.8 million in 2025, then declined by 3.59% to $330.5 million in 2026.
- The last three Research & Development figures came in at $330.5 million (Q3 2026), $359.5 million (Q1 2026), and $342.8 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Twilio | 35.77 Bn | 33.11 Bn | 725.87 Mn | 273.32 Mn |
| 2 | Zoom Communications | 29.62 Bn | 22.37 Bn | 985.50 Mn | 330.52 Mn |
| 3 | Nice | 6.38 Bn | 6.02 Bn | 995.81 Mn | 385.54 Mn |
| 4 | RingCentral | 6.14 Bn | 6.03 Bn | 472.31 Mn | 274.91 Mn |
| 5 | Five9 | 2.49 Bn | 1.83 Bn | 166.74 Mn | 79.70 Mn |
| 6 | Bandwidth | 1.35 Bn | 1.17 Bn | 78.54 Mn | 37.34 Mn |
| 7 | Consensus Cloud Solutions | 648.68 Mn | 549.78 Mn | 73.07 Mn | 13.50 Mn |
| 8 | Ooma | 640.32 Mn | 622.79 Mn | 50.99 Mn | 22.43 Mn |
| 9 | Agora | 498.86 Mn | 423.01 Mn | 25.74 Mn | 15.40 Mn |
| 10 | 8X8 | 263.26 Mn | 168.30 Mn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 330.52 Mn |
| Jan 31, 2026 | 359.52 Mn |
| Oct 31, 2025 | 342.81 Mn |
| Jul 31, 2025 | 339.00 Mn |
| Apr 30, 2025 | 346.97 Mn |
| Jan 31, 2025 | 358.90 Mn |
| Oct 31, 2024 | 361.70 Mn |
| Jul 31, 2024 | 358.77 Mn |
| Apr 30, 2024 | 348.01 Mn |
| Jan 31, 2024 | 371.05 Mn |
| Oct 31, 2023 | 374.38 Mn |
| Jul 31, 2023 | 373.37 Mn |
| Apr 30, 2023 | 422.50 Mn |
| Jan 31, 2023 | 505.59 Mn |
| Oct 31, 2022 | 427.75 Mn |
| Jul 31, 2022 | 400.47 Mn |
| Apr 30, 2022 | 362.78 Mn |
| Jan 31, 2022 | 325.42 Mn |
| Oct 31, 2021 | 293.70 Mn |
| Jul 31, 2021 | 271.18 Mn |