Zoom Communications (ZM) Research & Development (2018 - 2026)
Zoom Communications (ZM) posted quarterly Research & Development of $359.5 million for Q1 2026, down 54.61% year-over-year from $792.1 million in Q1 2025, and up 4.87% quarter-over-quarter from $342.8 million in Q4 2025.
Zoom Communications (ZM) Research & Development (2018 - 2026) Analysis & Trends
Zoom Communications (ZM) has reported Research & Development for 9 consecutive years, with $359.5 million the latest figure, recorded in Q1 2026.
- In Q1 2026, Research & Development fell 54.61% year-over-year to $359.5 million; the TTM figure through Jan 2026 stood at $1.1 billion (down 35.15% YoY), while the FY2026 annual figure was $1.4 billion, down 2.74% from the prior year.
- Research & Development improved to $359.5 million in Q1 2026 per ZM's latest filing, from $342.8 million in the prior quarter.
- Across five years, Research & Development topped out at $943.4 million in Q1 2024 and bottomed at -$416.9 million in Q1 2023.
- Historically, Research & Development has averaged $339.6 million across 5 years, with a median of $342.8 million in 2025.
- Annual changes were most pronounced in 2023 — Research & Development sank 146.85% — and 2024, when it jumped 326.27%.
- Zoom Communications' Research & Development stood at $427.7 million in 2022, then slumped by 53.98% to $196.8 million in 2023, then soared by 83.76% to $361.7 million in 2024, then decreased by 5.22% to $342.8 million in 2025, then rose by 4.87% to $359.5 million in 2026.
- Business Quant data shows ZM's Research & Development at $359.5 million in Q1 2026, $342.8 million in Q4 2025, and $206.4 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Zoom Communications | 31.31 Bn | 23.50 Bn | 951.29 Mn | 359.52 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 359.52 Mn |
| Oct 31, 2025 | 342.81 Mn |
| Jul 31, 2025 | 206.45 Mn |
| Apr 30, 2025 | 205.42 Mn |
| Jan 31, 2025 | 792.09 Mn |
| Oct 31, 2024 | 361.70 Mn |
| Jul 31, 2024 | 358.77 Mn |
| Apr 30, 2024 | 205.56 Mn |
| Jan 31, 2024 | 943.40 Mn |
| Oct 31, 2023 | 196.83 Mn |
| Jul 31, 2023 | 373.37 Mn |
| Apr 30, 2023 | 209.27 Mn |
| Jan 31, 2023 | -416.95 Mn |
| Oct 31, 2022 | 427.75 Mn |
| Jul 31, 2022 | 172.56 Mn |
| Apr 30, 2022 | 144.29 Mn |
| Jan 31, 2022 | 889.97 Mn |
| Oct 31, 2021 | 293.70 Mn |
| Jul 31, 2021 | 271.18 Mn |
| Apr 30, 2021 | 245.67 Mn |