Zoom Communications (ZM) Return on Capital Employed (2019 - 2026)
Zoom Communications (ZM) reported Return on Capital Employed of 11.61% for Q1 2026, up 251.0% year-over-year from 3.31% in Q1 2025, and down 2.16% quarter-over-quarter from 11.87% in Q4 2025.
Zoom Communications (ZM) Return on Capital Employed (2019 - 2026) Analysis & Trends
Zoom Communications (ZM) has 8 years of Return on Capital Employed data on file, last reported at 11.61% in Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 11.61%, up 251.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 11.61% (up 251.0% YoY), and the FY2026 annual result was 11.86%, up 235.0% from the prior year.
- Return on Capital Employed eased to 11.61% in Q1 2026 per ZM's latest filing, from 11.87% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 18.71% in Q1 2022 and troughed at 1.05% in Q2 2023.
- A 5-year average of 9.14% and a median of 9.11% in 2025 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2023 and 2024: Return on Capital Employed sank 1618 bps in 2023, then surged 765 bps in 2024.
- A 5-year view of Return on Capital Employed shows it stood at 10.37% in 2022, then tumbled by 70 bps to 3.08% in 2023, then soared by 181 bps to 8.66% in 2024, then jumped by 37 bps to 11.87% in 2025, then declined by 2 bps to 11.61% in 2026.
- Business Quant data shows ZM's Return on Capital Employed at 11.61% in Q1 2026, 11.87% in Q4 2025, and 10.73% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | 40.19% |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | 9.54% |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 12.81% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 12.40% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 10.65% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 17.43% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 12.32% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | -20.99% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 51.24% |
| 10 | Zoom Communications | 27.67 Bn | 19.85 Bn | 951.29 Mn | 11.61% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 11.61% |
| Oct 31, 2025 | 11.87% |
| Jul 31, 2025 | 10.73% |
| Apr 30, 2025 | 9.39% |
| Jan 31, 2025 | 9.11% |
| Oct 31, 2024 | 8.66% |
| Jul 31, 2024 | 8.68% |
| Apr 30, 2024 | 8.70% |
| Jan 31, 2024 | 6.68% |
| Oct 31, 2023 | 3.08% |
| Jul 31, 2023 | 1.78% |
| Apr 30, 2023 | 1.05% |
| Jan 31, 2023 | 3.93% |
| Oct 31, 2022 | 10.37% |
| Jul 31, 2022 | 13.88% |
| Apr 30, 2022 | 17.23% |
| Jan 31, 2022 | 18.71% |
| Oct 31, 2021 | 21.14% |
| Jul 31, 2021 | 21.48% |
| Apr 30, 2021 | 21.22% |