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ZM · NasdaqGS

Zoom Communications, Inc.

Software - Application · United States

USD 88.77-3.7% daily changeQuote 2026-09-18 · USD
Market cap (USD)
US$25.90B
Trailing P/E
8.24x
Forward P/E
14.01x
Quarterly revenue growth
4.9%
Trailing net margin
65.2%
Indicated dividend yield

Snapshot 2026-09-20 · Latest financial period 2026-07-31 · Yahoo Finance. Quotes may be delayed; reporting periods can differ.

Next earnings: 2026-11-24 (provider estimate, not issuer-confirmed).

Company background

Zoom Communications, Inc. provides an Artificial Intelligence-first open work platform for human connection in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, a cloud phone system; and Zoom Team Chat enables users to share messages, images, files, and content in desktop, laptop, tablet, and mobile devices. It also provides Zoom Docs, a modular workspace; Zoom Whiteboard, an interactive canvas; Zoom Clips for capturing video and screen content; Zoom Rooms, a software-based conference room system; and Workspace Reservation. In addition, the company offers Zoom Contact Center, an omnichannel solution; Zoom Revenue Accelerator, a conversation intelligence software for Zoom Meetings and Zoom Phone; Zoom Events to manage, host, market, and report on all of virtual and hybrid events; Zoom Webinars Plus; and Zoom Webinars which supports interactive video presentations to large audiences. Further, it provides Workvivo, an all-in-one employee experience platform; Zoom Developer Platform and App Marketplace which integrates platform with other applications, platforms, websites, and services; and Zoom Apps. It serves individuals; and education, entertainment/media, enterprise infrastructure, finance, government, healthcare, manufacturing, non-profit/not for profit and social impact, retail/consumer products, and software/Internet industries. The company was formerly known as Zoom Video Communications, Inc. and changed its name to Zoom Communications, Inc. in November 2024. The company was incorporated in 2011 and is headquartered in San Jose, California.

Company website

Q1 FY2027

Go beyond the headline.

ZM Stock: HOLD Call - Cash Machine No Growth Q1 FY2027

Published 2026-05-22

Comparable businesses

ZM peer comparison

Same business group first, then company size. Preferred market cap: 0.5–2x; extended range: one-third–3x. Outside that range, industry benchmarks are labeled separately and excluded from peer medians.

Comparison stocks

No suitable peers with fresh, comparable size data are available. We have not substituted unrelated companies.

Market metrics · missing or inapplicable values shown as —
MetricZMZoom Communications, Inc.Snapshot 2026-09-20Financial period: 2026-07-31
Market capMarket value, converted to USDUS$25.90B
Forward P/EProvider forward earnings estimate14.01x
EV / EBITDAEnterprise value / trailing EBITDA14.03x
Revenue growthLatest quarter vs prior-year quarter4.9%
Operating marginLatest reported quarter24.6%
Free cash flow yieldTrailing cash flow / market cap7.6%
Net debt / EBITDANet debt / trailing EBITDA-5.39x
Debt / equityTotal debt / positive book equity0.01x
Trailing P/ETrailing twelve-month earnings8.24x
Price / bookPrice / positive book equity per share2.61x
EV / salesEnterprise value / trailing revenue3.75x
Earnings growthLatest quarter vs prior-year quarter342.3%
Gross marginTrailing twelve months77.7%
Net marginTrailing twelve months65.2%
Return on equityProvider trailing return; positive equity only32.1%
Free cash flow marginTrailing free cash flow / revenue39.6%
Dividend yieldIndicated annual dividend / price
Earnings payoutProvider trailing dividend payout0.0%
Current ratioCurrent assets / current liabilities3.83x
BetaProvider historical market sensitivity1.04

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Comparison methodology & limitations

Reviewed operating groups override broad sector classifications. Other companies are matched only within a sufficiently specific provider industry. Business mix, geography and accounting standards can still differ. Market caps are converted to USD using exchange rates captured during the snapshot refresh. Financial ratios that would mix currencies are omitted. Snapshots must be at most 14 days old and no more than seven days apart for automatic selection.

Peer medians require at least two valid similar-size peers for each metric. Negative earnings, nonpositive equity, missing data and irrelevant bank ratios are not presented as attractive valuations. A higher or lower number is not automatically a better investment. Financial statement periods are not calendar-aligned across companies.

Reported performance

Financial trends

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Financial history
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Market context

Valuation & price history

Adjusted closing price

Price history

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Earnings-multiple scenario

Illustrative price = your earnings-per-share assumption × your P/E assumption. This is not a price target or a complete valuation model.

Starting assumptions, when available, use provider forward estimates as of 2026-09-20. Negative earnings require a different valuation method. This calculation omits balance-sheet, dilution and execution risks.

THE RESEARCH RECORD

Research history for ZM

All available reporting periods
Q1 FY20272026-05-22

Reported figures

Verify material figures against company filings. Market data and AI-assisted analysis may contain errors.