Zoom Communications (ZM) Tax Rate (2018 - 2026)
Zoom Communications (ZM) reported Tax Rate of 21.95% for Q1 2026, up 364.0% year-over-year from 4.73% in Q1 2025, and down 4.07% quarter-over-quarter from 22.88% in Q4 2025.
Zoom Communications (ZM) Tax Rate (2018 - 2026) Analysis & Trends
Zoom Communications (ZM) has 9 years of Tax Rate data on file, last reported at 21.95% in Q1 2026.
- Tax Rate for Q1 2026 came in at 21.95%, up 364.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 21.56% (down 165.0% YoY), and the FY2026 annual result was 21.56%, down 165.0% from the prior year.
- Tax Rate eased to 21.95% in Q1 2026 per ZM's latest filing, from 22.88% in the prior quarter.
- Over five years, Tax Rate peaked at 64.27% in Q2 2023 and troughed at 254.17% in Q1 2022.
- A 5-year average of 1.45% and a median of 21.95% in 2026 frame the typical range for Tax Rate.
- The sharpest annual moves came in 2022 and 2024: Tax Rate tumbled 25569 bps in 2022, then jumped 17844 bps in 2024.
- A 5-year view of Tax Rate shows it stood at 11.68% in 2022, then surged by 106 bps to 24.01% in 2023, then increased by 9 bps to 26.16% in 2024, then fell by 13 bps to 22.88% in 2025, then decreased by 4 bps to 21.95% in 2026.
- Business Quant data shows ZM's Tax Rate at 21.95% in Q1 2026, 22.88% in Q4 2025, and 19.99% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 238.14 Bn | 220.17 Bn | 8.16 Bn | - |
| 2 | Full Truck Alliance | 166.83 Bn | 164.28 Bn | - | -18.42% |
| 3 | Uber Technologies | 150.36 Bn | 149.32 Bn | 11.88 Bn | 39.11% |
| 4 | Shopify | 147.75 Bn | 142.01 Bn | 1.55 Bn | 8.36% |
| 5 | Salesforce | 140.39 Bn | 128.55 Bn | 8.56 Bn | 22.74% |
| 6 | Cadence Design Systems | 105.73 Bn | 104.32 Bn | 1.26 Bn | 21.59% |
| 7 | ServiceNow | 105.42 Bn | 100.24 Bn | 2.83 Bn | 30.31% |
| 8 | Automatic Data Processing | 89.57 Bn | 86.34 Bn | 2.87 Bn | 23.68% |
| 9 | Adobe | 85.05 Bn | 78.16 Bn | 5.90 Bn | 23.50% |
| 10 | Zoom Communications | 27.67 Bn | 19.85 Bn | 951.29 Mn | 21.95% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | 21.95% |
| Jan 31, 2026 | 21.95% |
| Oct 31, 2025 | 22.88% |
| Oct 31, 2025 | 22.88% |
| Jul 31, 2025 | 19.99% |
| Jul 31, 2025 | 19.99% |
| Apr 30, 2025 | 19.37% |
| Apr 30, 2025 | 19.37% |
| Jan 31, 2025 | 18.31% |
| Jan 31, 2025 | 18.31% |
| Oct 31, 2024 | 26.16% |
| Oct 31, 2024 | 26.16% |
| Jul 31, 2024 | 25.22% |
| Jul 31, 2024 | 25.22% |
| Apr 30, 2024 | 25.91% |
| Apr 30, 2024 | 25.91% |
| Jan 31, 2024 | 15.32% |
| Jan 31, 2024 | 15.32% |
| Oct 31, 2023 | 24.01% |
| Oct 31, 2023 | 24.01% |