ZM financial statements

The full income statement, balance sheet, and cash-flow statement for Zoom Communications Inc. (ZM), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.

Shares outstanding (point-in-time)

2024-04 309.3M2024-07 307.8M2024-10 306.5M2025-01 305.2M2025-04 302.5M2025-07 299.3M2025-10 296.1M2026-01 294.7M2026-04 293.2M-5.2% over 8 periods

SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.

PeriodRangeOrderChangeYoYQoQFiguresAs-reported fiscal years.

Line item	FY2026	FY2025	FY2024	FY2023	FY2022
Income Statement	as ofJan 31 ’26	as ofJan 31 ’25	as ofJan 31 ’24	as ofJan 31 ’23	as ofJan 31 ’22
Revenue	4.87B YoY+4.4%	4.67B YoY+3.1%	4.53B YoY+3.1%	4.39B YoY+7.1%	4.10B YoY+54.6%
	3.75B YoY+6.1%	3.54B YoY+2.5%	3.45B YoY+4.8%	3.29B YoY+8.1%	3.05B YoY+66.5%
Cost of revenue	1.12B YoY-0.9%	1.13B YoY+4.8%	1.08B YoY-2.1%	1.10B YoY+4.4%	1.05B YoY+28.3%
	2.63B YoY-3.5%	2.72B YoY-6.9%	2.92B YoY-4.0%	3.05B YoY+53.8%	1.98B YoY+69.4%
Research & development	845M YoY-0.9%	852M YoY+6.1%	803M YoY+3.8%	774M YoY+113.2%	363M YoY+121.2%
Selling, general & administrative	393M YoY-11.2%	443M YoY-23.6%	580M YoY+0.6%	576M YoY+19.4%	483M YoY+50.6%
General & administrative	393M YoY-11.2%	443M YoY-23.6%	580M YoY+0.6%	576M YoY+19.4%	483M YoY+50.6%
Selling & marketing	1.39B YoY-2.7%	1.43B YoY-7.4%	1.54B YoY-9.2%	1.70B YoY+49.4%	1.14B YoY+65.9%
Amortization of intangibles	13.9M YoY+3.0%	13.5M YoY+8.0%	12.5M YoY+135.8%	5.30M YoY+430.0%	1.00M YoY+0.0%
Provision for credit losses	17.4M YoY-13.3%	20.0M YoY-43.2%	35.2M YoY-29.9%	50.3M YoY+36.8%	36.7M YoY+14.8%
Operating income	1.12B YoY+38.2%	813M YoY+54.8%	525M YoY+114.0%	245M YoY-76.9%	1.06B YoY+61.2%
Pre-tax income	2.42B YoY+84.1%	1.32B YoY+58.1%	832M YoY+233.9%	249M YoY-77.4%	1.10B YoY+62.5%
Income tax	522M YoY+71.0%	305M YoY+56.7%	195M YoY+33.9%	146M YoY+153.1%	-274M YoY-4892.0%
	1.90B YoY+88.1%	1.01B YoY+58.5%	637M YoY+514.7%	104M YoY-92.5%	1.38B YoY+104.6%
Net income to common	—	1.01B YoY+58.5%	637M YoY+514.7%	104M YoY-92.5%	1.38B YoY+104.8%
	$6.18 YoY+92.5%	$3.21 YoY+55.1%	$2.07 YoY+508.8%	$0.34 YoY-92.4%	$4.50 YoY+100.0%
EPS (basic)	$6.32 YoY+92.7%	$3.28 YoY+54.7%	$2.12 YoY+505.7%	$0.35 YoY-92.5%	$4.64 YoY+95.8%
	301M YoY-2.4%	308M YoY+2.4%	301M YoY+1.4%	297M YoY+0.1%	296M YoY+4.4%
	307M YoY-2.5%	315M YoY+2.1%	309M YoY+1.4%	304M YoY-0.5%	306M YoY+2.6%
Balance Sheet	as ofJan 31 ’26	as ofJan 31 ’25	as ofJan 31 ’24	as ofJan 31 ’23	as ofJan 31 ’22
	8.66B YoY-0.2%	8.68B YoY+9.5%	7.93B YoY+24.7%	6.36B YoY+2.8%	6.18B YoY+29.0%
Cash & equivalents	1.27B YoY-5.7%	1.35B YoY-13.4%	1.56B YoY+43.4%	1.09B YoY+2.3%	1.06B YoY-52.6%
Accounts receivable	497M YoY+0.4%	495M YoY-7.6%	536M YoY-3.8%	557M YoY+32.8%	420M YoY+42.4%
Prepaid expenses	235M YoY+17.0%	201M YoY-8.4%	219M YoY+34.4%	163M YoY+12.0%	146M YoY+24.6%
Other current assets	20.5M YoY-5.6%	21.7M YoY-9.7%	24.0M YoY-9.1%	26.5M YoY+16.6%	22.7M YoY+302.3%
	12.0B YoY+8.8%	11.0B YoY+10.7%	9.93B YoY+22.2%	8.13B YoY+7.6%	7.55B YoY+42.5%
Property, plant & equipment	265M YoY-20.0%	330M YoY+12.5%	294M YoY+16.2%	253M YoY+13.7%	222M YoY+48.3%
Operating lease right-of-use	52.4M YoY-6.2%	55.9M YoY-5.2%	59.0M YoY-27.1%	80.9M YoY-15.7%	96.0M YoY-1.7%
Goodwill	400M YoY+30.3%	307M YoY+0.0%	307M YoY+150.6%	123M YoY+344.2%	27.6M YoY+13.4%
Intangible assets	46.0M YoY+37.7%	33.4M YoY-28.8%	46.9M YoY+49.4%	31.4M YoY+957.2%	2.97M YoY-62.9%
Long-term investments	1.58B YoY+166.9%	591M YoY+44.5%	409M YoY+2.6%	399M YoY+8.5%	368M YoY+1870.3%
Deferred tax assets	647M YoY-13.8%	750M YoY+13.2%	662M YoY+18.6%	558M YoY+46.1%	382M YoY+25067.6%
Other non-current assets	144M YoY-6.3%	154M YoY+15.4%	133M YoY-25.0%	178M YoY+66.6%	107M YoY+91.4%
	2.00B YoY+5.0%	1.90B YoY+8.0%	1.76B YoY+1.4%	1.74B YoY+10.1%	1.58B YoY+25.4%
Accounts payable	6.27M YoY-24.9%	8.35M YoY-18.0%	10.2M YoY-29.4%	14.4M YoY+83.8%	7.84M YoY-9.5%
Accrued liabilities	192M YoY-4.0%	200M YoY+15.2%	174M YoY+8.6%	160M YoY+7.0%	150M YoY-4.8%
Deferred revenue	1.41B YoY+5.6%	1.34B YoY+6.8%	1.25B YoY-1.2%	1.27B YoY+11.0%	1.14B YoY+33.0%
Current lease liability	27.8M YoY+2.7%	27.0M YoY+9.7%	24.6M YoY+8.1%	22.8M YoY+10.1%	20.7M YoY+32.7%
Other current liabilities	37.6M YoY+24.7%	30.1M YoY+59.3%	18.9M YoY-12.8%	21.7M YoY-3.9%	22.6M YoY+543.9%
	2.15B YoY+4.8%	2.05B YoY+7.5%	1.91B YoY-0.6%	1.92B YoY+8.5%	1.77B YoY+23.2%
Deferred revenue (non-current)	13.2M YoY-23.6%	17.3M YoY-6.7%	18.5M YoY-55.8%	41.9M YoY+9.0%	38.5M YoY+52.6%
Non-current lease liability	30.7M YoY-17.9%	37.4M YoY-22.6%	48.3M YoY-34.4%	73.7M YoY-13.3%	85.0M YoY-6.0%
Operating lease liability (total)	58.5M YoY-9.2%	64.4M YoY-11.7%	73.0M YoY-24.4%	96.5M YoY-8.7%	106M YoY-0.3%
Other non-current liabilities	109M YoY+14.4%	95.4M YoY+17.2%	81.4M YoY+21.1%	67.2M YoY-1.3%	68.1M YoY+10.5%
	9.81B YoY+9.8%	8.94B YoY+11.4%	8.02B YoY+29.2%	6.21B YoY+7.4%	5.78B YoY+49.7%
Preferred stock	—	—	0.00	0.00	0.00
Common stock	295K YoY-3.3%	305K YoY-0.7%	307K YoY+4.4%	294K YoY-1.7%	299K YoY+2.4%
Additional paid-in capital	4.10B YoY-20.1%	5.13B YoY-1.9%	5.23B YoY+27.4%	4.10B YoY+9.5%	3.75B YoY+17.6%
Retained earnings	5.70B YoY+50.0%	3.80B YoY+36.2%	2.79B YoY+29.6%	2.15B YoY+5.1%	2.05B YoY+204.6%
Accumulated other comprehensive income	8.54M YoY+71.2%	4.99M YoY+369.4%	1.06M YoY+102.1%	-50.4M YoY-181.4%	-17.9M YoY-2233.7%
Total liabilities & equity	12.0B YoY+8.8%	11.0B YoY+10.7%	9.93B YoY+22.2%	8.13B YoY+7.6%	7.55B YoY+42.5%
Cash Flow	as ofJan 31 ’26	as ofJan 31 ’25	as ofJan 31 ’24	as ofJan 31 ’23	as ofJan 31 ’22
	1.99B YoY+2.2%	1.95B YoY+21.7%	1.60B YoY+23.9%	1.29B YoY-19.6%	1.61B YoY+9.1%
Depreciation & amortization	133M YoY+8.3%	123M YoY+17.4%	104M YoY+26.9%	82.3M YoY+70.8%	48.2M YoY+67.0%
Intangible amortization	13.9M YoY+3.0%	13.5M YoY+8.0%	12.5M YoY+135.8%	5.30M YoY+430.0%	1.00M YoY+0.0%
Share-based compensation	761M YoY-18.3%	931M YoY-11.9%	1.06B YoY-17.8%	1.29B YoY+169.4%	477M YoY+73.0%
Deferred income taxes	105M YoY+216.0%	-90.6M YoY+22.4%	-117M YoY+27.5%	-161M YoY+57.2%	-376M YoY-49451.8%
Change in receivables	-2.82M YoY+89.4%	-26.6M YoY+50.0%	-53.3M YoY-123.0%	232M YoY+45.6%	159M YoY-27.3%
Change in payables	-613K YoY+80.4%	-3.13M YoY+29.1%	-4.42M YoY-138.0%	11.6M YoY+623.5%	-2.22M YoY-163.7%
Other operating activities	22.3M YoY+451.1%	4.05M YoY+152.8%	-7.67M YoY-565.7%	1.65M YoY-64.1%	4.59M YoY+395.3%
	-279M YoY+74.8%	-1.11B YoY+6.6%	-1.18B YoY-271.9%	-318M YoY+88.9%	-2.86B YoY-83.0%
Capital expenditure	65.0M YoY-52.4%	137M YoY+7.6%	127M YoY+22.3%	104M YoY-21.7%	133M YoY+65.8%
Free cash flow	1.92B YoY+6.4%	1.81B YoY+22.9%	1.47B YoY+24.1%	1.19B YoY-19.4%	1.47B YoY+5.9%
Acquisitions	120M	0.00 YoY-100.0%	205M YoY+70.0%	121M YoY+3343.4%	3.50M YoY-86.8%
Sales/maturities of investments	4.06B YoY+12.6%	3.61B YoY+15.3%	3.13B YoY+10.4%	2.84B YoY+63.6%	1.73B YoY+198.4%
Other investing activities	—	—	—	-300K	0.00 YoY+100.0%
	-1.81B YoY-75.6%	-1.03B YoY-1808.2%	60.2M YoY+106.4%	-937M YoY-2850.2%	34.1M YoY-98.3%
Long-term debt issued	0.00	0.00	0.00	0.00	0.00
Long-term debt repaid	0.00	0.00	0.00	0.00	0.00
Common stock issued	0.00	0.00	0.00	0.00	0.00
Common stock repurchased	1.62B YoY+48.2%	1.09B	0.00 YoY-100.0%	1.00B	0.00
Dividends paid	0.00	0.00	0.00	0.00	0.00
Other financing activities	—	—	0.00	0.00 YoY-100.0%	337K
FX effect on cash	17.6M YoY+215.8%	-15.2M YoY-48.8%	-10.2M YoY-25.8%	-8.11M	0.00
Net change in cash	-77.6M YoY+61.9%	-204M YoY-143.9%	465M YoY+1629.8%	26.9M YoY+102.2%	-1.22B YoY-162.3%
Income taxes paid	422M YoY+6.6%	395M YoY+13.6%	348M YoY+12.6%	309M YoY+693.0%	39.0M YoY+1125.4%
Valuation Ratios	as ofJan 31 ’26	as ofJan 31 ’25	as ofJan 31 ’24	as ofJan 31 ’23	as ofJan 31 ’22
Market cap	28.1B YoY+2.0%	27.5B YoY+35.9%	20.3B YoY-10.3%	22.6B YoY-52.2%	47.2B YoY-57.6%
P/E	17.6× YoY-35.3%	27.3× YoY-14.2%	31.8× YoY-85.4%	217.7× YoY+534.2%	34.3× YoY-86.8%
P/S	5.8× YoY-1.0%	5.9× YoY+31.9%	4.5× YoY-13.0%	5.1× YoY-55.4%	11.5× YoY-79.8%
P/B	3.0× YoY-1.8%	3.1× YoY+22.0%	2.5× YoY-30.6%	3.6× YoY-55.5%	8.2× YoY-89.0%
P/FCF	14.0× YoY-7.8%	15.2× YoY+10.6%	13.8× YoY-27.7%	19.0× YoY-40.6%	32.1× YoY-70.0%
	5.7% YoY+54.7%	3.7% YoY+16.6%	3.1% YoY+585.2%	0.46% YoY-84.2%	2.9% YoY+659.4%
	7.1% YoY+8.5%	6.6% YoY-9.6%	7.3% YoY+38.3%	5.3% YoY+68.5%	3.1% YoY+233.9%
Source filing	10-K	10-K	10-K	10-K	10-K

About this data

Source: ZM's SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn't file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all ZM filings on SEC EDGAR → Not investment advice.