Zoom Communications (ZM) Return on Capital Employed (2019 - 2026)

Zoom Communications (ZM) posted quarterly 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 reported Return on Capital Employed for 8 consecutive years, with 11.61% the latest figure, recorded in Q1 2026.

  • In Q1 2026, Return on Capital Employed rose 251.0% year-over-year to 11.61%; the TTM figure through Jan 2026 stood at 11.61% (up 251.0% YoY), while the FY2026 annual figure was 11.86%, up 235.0% from the prior year.
  • Return on Capital Employed retreated to 11.61% in Q1 2026 per ZM's latest filing, from 11.87% in the prior quarter.
  • Across five years, Return on Capital Employed topped out at 18.71% in Q1 2022 and bottomed at 1.05% in Q2 2023.
  • Historically, Return on Capital Employed has averaged 9.14% across 5 years, with a median of 9.11% in 2025.
  • Annual changes were most pronounced in 2023 — Return on Capital Employed sank 1618 bps — and 2024, when it surged 765 bps.
  • Zoom Communications' Return on Capital Employed stood at 10.37% in 2022, then plunged by 70 bps to 3.08% in 2023, then jumped by 181 bps to 8.66% in 2024, then surged by 37 bps to 11.87% in 2025, then fell 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 255.48 Bn 234.41 Bn 16.51 Bn 38.72%
2 Shopify 198.95 Bn 194.00 Bn 1.71 Bn 14.37%
3 Salesforce 160.70 Bn 148.86 Bn 8.56 Bn 10.65%
4 Uber Technologies 154.94 Bn 149.73 Bn 6.38 Bn 13.97%
5 ServiceNow 128.25 Bn 123.58 Bn 2.82 Bn 10.59%
6 Snowflake 114.00 Bn 111.05 Bn 926.45 Mn -25.94%
7 Automatic Data Processing 108.58 Bn 104.35 Bn 2.51 Bn -46.62%
8 Adobe 105.34 Bn 99.72 Bn 5.90 Bn 51.24%
9 Intuit 94.55 Bn 87.77 Bn 7.24 Bn 23.43%
10 Zoom Communications 31.31 Bn 23.50 Bn 951.29 Mn 11.61%

Historic Data

Download Data
DateValue
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%