Form 8-K

8-K — Zoom Communications, Inc.

Accession: 0001585521-26-000119

Filed: 2026-08-25

Period: 2026-08-25

CIK: 0001585521

SIC: 7370 (SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.)

Item: Results of Operations and Financial Condition

Item: Financial Statements and Exhibits

Documents

8-K — zm-20260825.htm (Primary)

EX-99.1 (zm-20260731ex991.htm)

XML — IDEA: XBRL DOCUMENT (R1.htm)

8-K

8-K (Primary)

Filename: zm-20260825.htm · Sequence: 1

zm-20260825

0001585521FALSE00015855212026-08-252026-08-25

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_________________________

FORM 8-K

_________________________

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): August 25, 2026

_________________________

Zoom Communications, Inc.

(Exact name of Registrant as Specified in Its Charter)

_________________________

Delaware 001-38865 61-1648780

(State or Other Jurisdiction

of Incorporation) (Commission File Number) (IRS Employer

Identification No.)

55 Almaden Boulevard, 6th Floor

San Jose, California 95113

(Address of principal executive offices and Zip Code)

(888) 799-9666

(Registrant’s Telephone Number, Including Area Code)

Zoom Video Communications, Inc.

(Former Name or Former Address, if Changed Since Last Report)

_________________________

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instructions A.2. below):

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Class A Common Stock, $0.001 par value per share ZM The Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On August 25, 2026, Zoom Communications, Inc. (the “Company”) issued a press release announcing its financial results for the three months ended July 31, 2026. A copy of the press release is furnished as Exhibit 99.1 to this report and is incorporated by reference.

The information contained in this report, including Exhibit 99.1 attached hereto, is furnished and shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or subject to the liabilities of that section. The information shall not be deemed incorporated by reference into any other filing with the Securities and Exchange Commission made by the Company regardless of any general incorporation language in such filing, except as shall be expressly set forth by specific reference in such filing.

Item 9.01 Financial Statements And Exhibits.

(d) Exhibits

Exhibit No. Description

99.1

Press release dated August 25, 2026 of Zoom Communications, Inc.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Zoom Communications, Inc.

Dated: August 25, 2026

By: /s/ Michelle Chang

Michelle Chang

Chief Financial Officer

EX-99.1

Filename: zm-20260731ex991.htm · Sequence: 2

Document

Exhibit 99.1

Zoom Communications Reports Financial Results for the Second Quarter of Fiscal Year 2027

•Second quarter total revenue of $1,277.2 million, up 4.9% year over year as reported and 4.7% in constant currency

•Second quarter Enterprise revenue of $787.5 million, up 7.8% year over year

•Second quarter GAAP operating margin of 24.6% and non-GAAP operating margin of 40.0%

•Trailing 12-month net dollar expansion rate for Enterprise customers increased to 99% from 98% as of the same quarter last fiscal year

•Repurchased approximately 3.7 million shares of common stock in second quarter, bringing the total shares repurchased under the current plan to 44.2 million

•Number of customers contributing more than $100,000 in trailing 12 months revenue up 8.2% year over year

San Jose, California – August 25, 2026 – Zoom Communications, Inc. (NASDAQ: ZM), today announced financial results for the second fiscal quarter ended July 31, 2026.

“FY27 continues to progress well, reflecting focused execution against our three priorities and clear Enterprise business momentum. Total revenue grew 4.9% year over year, anchored by 7.8% growth in Enterprise revenue, its strongest growth rate in three years,” said Eric S. Yuan, Zoom’s founder and CEO. “Our AI-first Customer Experience portfolio continues to scale, delivering high-double-digit ARR expansion, driven in part by strong adoption of Zoom Virtual Agent, whose customer count increased 256% year over year. With innovations including ZoomMate, My Notes, AI Productivity Suite, ZVA Receptionist, and Workvivo HQ Agent, and acquisitions like Common Room and BrightHire, we are embedding AI into the flow of work across collaboration, customer experience, revenue orchestration, recruiting, and employee experience. The breadth of that AI adoption reflects how Zoom is differentiating as a system of action for modern work, moving enterprise operations from conversation to completion.”

Second Quarter Fiscal Year 2027 Financial Highlights:

•Revenue: Total revenue for the second quarter was $1,277.2 million, up 4.9% year over year. Adjusting for foreign currency impact, revenue in constant currency was $1,274.5 million, up 4.7% year over year. Enterprise revenue was $787.5 million, up 7.8% year over year, and Online revenue was $489.7 million, up 0.6% year over year.

•Income from Operations and Operating Margin: GAAP income from operations for the second quarter was $314.3 million, compared to GAAP income from operations of $321.7 million in the second quarter of fiscal year 2026. Non-GAAP income from operations, which adjusts for stock-based compensation expense and related payroll taxes, acquisition-related expenses, and litigation settlements, net, was $510.3 million for the second quarter, compared to non-GAAP income from operations of $503.2 million in the second quarter of fiscal year 2026. For the second quarter, GAAP operating margin was 24.6% and non-GAAP operating margin was 40.0%.

•Net Income and Diluted Net Income Per Share: GAAP net income for the second quarter was $1,542.4 million, or $5.15 per share, compared to GAAP net income of $358.6 million, or $1.16 per share, in the second quarter of fiscal year 2026. Non-GAAP net income for the second quarter, which adjusts for stock-based compensation expense and related payroll taxes, gains on strategic investments, net, acquisition-related expenses, litigation settlements, net, and the tax effects on non-GAAP adjustments, was $464.0 million, or $1.55 per share. In the second quarter of fiscal year 2026, non-GAAP net income was $471.3 million, or $1.53 per share.

•Cash and Marketable Securities: Total cash, cash equivalents, and marketable securities, excluding restricted cash, as of July 31, 2026 was $7.2 billion.

•Cash Flow: Net cash provided by operating activities was $494.8 million for the second quarter, compared to $515.9 million in the second quarter of fiscal year 2026. Free cash flow, which is net cash provided by operating activities less purchases of property and equipment, was $472.4 million, compared to $508.0 million in the second quarter of fiscal year 2026.

Customer Metrics: Drivers of total revenue included acquiring new customers. At the end of the second quarter of fiscal year 2027:

•The number of customers contributing more than $100,000 in trailing 12 months revenue was 4,625, up 8.2% from the same quarter last fiscal year.

•The trailing 12-month net dollar expansion rate for Enterprise customers was 99%, up from 98% as of the same quarter last fiscal year.

•Online average monthly churn was 2.9%, consistent with the same quarter last fiscal year.

•Online customers with at least 16 months of continual service represented 75.6% of total Online MRR, up 70 bps year over year.

Financial Outlook: Zoom is providing the following guidance for its third quarter of fiscal year 2027 and updating its guidance for full fiscal year 2027.

•Third Quarter Fiscal Year 2027: Total revenue is expected to be between $1.275 billion and $1.280 billion and revenue in constant currency is expected to be between $1.275 billion and $1.280 billion. Non-GAAP income from operations is expected to be between $510.0 million and $515.0 million. Non-GAAP diluted EPS is expected to be between $1.46 and $1.48 with approximately 301 million weighted average shares outstanding.

•Full Fiscal Year 2027: Total revenue is expected to be between $5.085 billion and $5.095 billion and revenue in constant currency is expected to be between $5.071 billion and $5.081 billion. Non-GAAP income from operations is expected to be between $2.065 billion and $2.075 billion. Non-GAAP diluted EPS is expected to be between $6.08 and $6.12 with approximately 301 million weighted average shares outstanding. Full fiscal year free cash flow is expected to be between $1.780 billion and $1.820 billion.

The EPS and share count figures do not include the impact from approximately $1.3 billion of authorized share repurchase remaining as of July 31, 2026.

Additional information on Zoom's reported results, including a reconciliation of the non-GAAP results to their most comparable GAAP measures, is included in the financial tables below. A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future, although it is important to note that these factors could be material to Zoom's results computed in accordance with GAAP.

A supplemental financial presentation and other information can be accessed through Zoom’s investor relations website at investors.zoom.com.

Zoom Video Earnings Call

Zoom will host a Zoom Video Webinar for investors on August 25, 2026 at 2:00 p.m. Pacific Time / 5:00 p.m. Eastern Time to discuss the company’s financial results, business highlights and financial outlook. Investors are invited to join the Zoom Video Webinar by visiting: https://investors.zoom.com/

About Zoom

Zoom (NASDAQ:ZM) is a system of action for modern work, turning live collaboration into completed results. From entrepreneurs to global enterprises, customers choose Zoom to seamlessly collaborate, communicate, and drive outcomes across meetings, phone, contact center, and more — all with the built-in assistance of Zoom AI. Founded in 2011, Zoom is headquartered in San Jose, CA. For more information, visit zoom.com.

Forward-Looking Statements

This press release contains express and implied “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding Zoom's financial outlook for the third quarter of fiscal year 2027 and full fiscal year 2027, Zoom’s market position, opportunities, and growth strategy, product initiatives, including future product and feature releases, and go-to-market motions and the expected benefits resulting from the same, market trends, and Zoom's stock repurchase program. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “project,” “will,” “would,” “should,” “could,” “can,” “predict,” “potential,” “target,” “explore,” “continue,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. By their nature, these statements are subject to numerous uncertainties and risks, including

factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the statements, including: declines in new customers, renewals or upgrades, or decline in demand for our platform, difficulties in evaluating our prospects and future results of operations given our continuing growth in scale, complexity and scope, the pace of development, adoption, or performance of our AI capabilities, competition from other providers of communications platforms, the effect of macroeconomic conditions on our business, including geopolitical tensions, tariffs and escalating trade tensions, interest rate fluctuations, inflationary pressures and market and foreign currency exchange rate volatility, lengthened sales cycles with large organizations, delays or outages in services from our co-located data centers, failures in internet infrastructure or interference with broadband access, compromised security measures, including ours and those of the third parties upon which we rely, and global security concerns and their potential impact on regional and global economies and supply chains. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our most recent filings with the Securities and Exchange Commission (the “SEC”), including our quarterly report on Form 10-Q for the fiscal quarter ended April 30, 2026. Forward-looking statements speak only as of the date the statements are made and are based on information available to Zoom at the time those statements are made and/or management's good faith belief as of that time with respect to future events. Zoom assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.

Non-GAAP Financial Measures

Zoom has provided in this press release financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). Zoom uses these non-GAAP financial measures internally in analyzing its financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing Zoom’s financial results with other companies in its industry, many of which present similar non-GAAP financial measures.

Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP financial measures and should be read only in conjunction with Zoom’s condensed consolidated financial statements prepared in accordance with GAAP. A reconciliation of Zoom’s historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review the reconciliation.

Non-GAAP Income from Operations and Non-GAAP Operating Margin. Zoom defines non-GAAP income from operations as income from operations excluding stock-based compensation expense and related payroll taxes, acquisition-related expenses, and litigation settlements, net. Zoom excludes stock-based compensation expense because it is non-cash in nature and excluding this expense provides meaningful supplemental information regarding Zoom’s operational performance and allows investors the ability to make more meaningful comparisons between Zoom’s operating results and those of other companies. Zoom excludes the amount of employer payroll taxes related to employee stock plans, which is a cash expense, in order for investors to see the full effect that excluding stock-based compensation expense had on Zoom's operating results. In particular, this expense is dependent on the price of our common stock and other factors that are beyond our control and do not correlate to the operation of the business. Zoom views acquisition-related expenses when applicable, such as amortization of acquired intangible assets, transaction costs, and acquisition-related retention payments that are directly related to business combinations as events that are not necessarily reflective of operational performance during a period. Zoom excludes significant litigation settlements, net of amounts covered by insurance, that we deem not to be in the ordinary course of our business. In fact, Zoom believes the consideration of measures that exclude such expenses can assist in the comparison of operational performance in different periods that may or may not include such expenses and assist in the comparison with the results of other companies in the industry. Zoom defines non-GAAP operating margin as non-GAAP income from operations divided by GAAP revenue.

Non-GAAP Net Income and Non-GAAP Net Income Per Share, Basic and Diluted. Zoom defines non-GAAP net income as GAAP net income adjusted to exclude stock-based compensation expense and related payroll taxes, acquisition-related expenses, gains/losses on strategic investments, net, litigation settlements, net, and the tax effects of all non-GAAP adjustments. Zoom excludes these items because they are considered by management to be outside of Zoom’s core operating results. These adjustments are intended to provide investors and management with greater visibility to the underlying performance of Zoom’s business operations, facilitate comparison of its results with other periods, and may also facilitate comparison with the results of other companies in the industry. Zoom defines non-GAAP net income per share, basic and diluted, as non-GAAP net income divided by the number of shares outstanding, basic and diluted, calculated in accordance with GAAP.

Free Cash Flow and Free Cash Flow Margin. Zoom defines free cash flow as GAAP net cash provided by operating activities less purchases of property and equipment. Zoom considers free cash flow to be a liquidity measure that provides useful information to management and investors regarding net cash provided by operating activities and cash used for investments in property and equipment required to maintain and grow the business. Zoom defines free cash flow margin as free cash flow divided by GAAP revenue.

Revenue in Constant Currency. Zoom defines revenue in constant currency as GAAP revenue adjusted for revenue reported in currencies other than United States dollars as if they were converted into United States dollars using the average exchange rates from the comparative period rather than the actual exchange rates in effect during the respective periods. Zoom provides revenue in constant currency information as a framework for assessing how Zoom's underlying businesses performed period to period, excluding the effects of foreign currency fluctuations.

Customer Metrics

Zoom defines a customer as a separate and distinct buying entity, which can be a single paid user or an organization of any size (including a distinct unit of an organization) that has multiple users. Zoom defines Enterprise customers as distinct business units that have been engaged by either our direct sales team, resellers, or strategic partners. All other customers that subscribe to our services directly through our website are referred to as Online customers.

Zoom calculates net dollar expansion rate as of a period end by starting with the annual recurring revenue (“ARR”) from Enterprise customers as of 12 months prior (“Prior Period ARR”). Zoom defines ARR as the annualized revenue run rate of subscription agreements from all customers at a point in time. Zoom calculates ARR by taking the monthly recurring revenue (“MRR”) and multiplying it by 12. MRR is defined as the recurring revenue run-rate of subscription agreements from all Enterprise customers for the last month of the period, including revenue from monthly subscribers who have not provided any indication that they intend to cancel their subscriptions. Zoom then calculates the ARR from these Enterprise customers as of the current period end (“Current Period ARR”), which includes any upsells, contraction, and attrition. Zoom divides the Current Period ARR by the Prior Period ARR to arrive at the net dollar expansion rate. For the trailing 12 months calculation, Zoom takes an average of the net dollar expansion rate over the trailing 12 months.

Zoom calculates online average monthly churn by starting with the Online customer MRR as of the beginning of the applicable quarter (“Entry MRR”). Zoom defines Entry MRR as the recurring revenue run-rate of subscription agreements from all Online customers except for subscriptions that Zoom recorded as churn in a previous quarter based on the customers' earlier indication to us of their intention to cancel that subscription. Zoom then determines the MRR related to customers who canceled or downgraded their subscription or notified us of that intention during the applicable quarter (“Applicable Quarter MRR Churn”) and divides the Applicable Quarter MRR Churn by the applicable quarter Entry MRR to arrive at the MRR churn rate for Online Customers for the applicable quarter. Zoom then divides that amount by three to calculate the online average monthly churn.

Public Relations

Karen Modlin

Head of Corporate Communications

press@zoom.us

Investor Relations

Charles Eveslage

Head of Investor Relations

investors@zoom.us

Zoom Communications, Inc.

Condensed Consolidated Balance Sheets

(In thousands)

As of

July 31,

2026 January 31,

2026

Assets (unaudited)

Current assets:

Cash and cash equivalents $ 931,992 $ 1,272,877

Marketable securities 6,317,729 6,544,031

Accounts receivable, net 532,958 497,339

Deferred contract acquisition costs, current 139,034 108,856

Prepaid expenses and other current assets 193,688 234,856

Total current assets 8,115,401 8,657,959

Deferred contract acquisition costs, noncurrent 264,361 215,533

Property and equipment, net 254,705 264,525

Operating lease right-of-use assets 56,402 52,423

Strategic investments 3,785,876 1,578,611

Goodwill 599,181 400,392

Deferred tax assets 328,894 646,640

Other assets, noncurrent 180,576 144,333

Total assets $ 13,585,396 $ 11,960,416

Liabilities and stockholders’ equity

Current liabilities:

Accounts payable $ 14,364 $ 6,268

Accrued expenses and other current liabilities 557,561 581,773

Deferred revenue, current 1,549,428 1,411,149

Total current liabilities 2,121,353 1,999,190

Deferred revenue, noncurrent 12,735 13,195

Operating lease liabilities, noncurrent 33,340 30,710

Other liabilities, noncurrent 114,357 109,063

Total liabilities 2,281,785 2,152,158

Stockholders’ equity:

Common stock 292 295

Additional paid-in capital 3,666,536 4,099,753

Accumulated other comprehensive income (31,005) 8,544

Retained earnings 7,667,788 5,699,666

Total stockholders’ equity 11,303,611 9,808,258

Total liabilities and stockholders’ equity $ 13,585,396 $ 11,960,416

Note: The amount of unbilled accounts receivable included within accounts receivable, net on the condensed consolidated balance sheets was $88.4 million and $84.9 million as of July 31, 2026 and January 31, 2026, respectively.

Zoom Communications, Inc.

Condensed Consolidated Statements of Operations

(Unaudited, in thousands, except share and per share amounts)

Three Months Ended July 31, Six Months Ended July 31,

2026 2025 2026 2025

Revenue $ 1,277,217 $ 1,217,227 $ 2,516,223 $ 2,391,942

Cost of revenue 291,722 273,165 566,009 551,567

Gross profit 985,495 944,062 1,950,214 1,840,375

Operating expenses:

Research and development 242,497 206,447 470,423 411,863

Sales and marketing 330,521 338,995 660,571 685,965

General and administrative 98,161 76,885 194,431 179,220

Total operating expenses 671,179 622,327 1,325,425 1,277,048

Income from operations 314,316 321,735 624,789 563,327

Gains on strategic investments, net 1,614,203 45,056 1,766,500 31,437

Other income, net 66,448 81,371 135,298 169,163

Income before provision for income taxes 1,994,967 448,162 2,526,587 763,927

Provision for income taxes 452,522 89,570 558,465 150,732

Net income 1,542,445 358,592 1,968,122 613,195

Net income per share:

Basic $ 5.27 $ 1.19 $ 6.70 $ 2.02

Diluted $ 5.15 $ 1.16 $ 6.56 $ 1.97

Weighted-average shares used in computing net income per share:

Basic 292,879,238 301,779,114 293,688,378 303,354,835

Diluted 299,746,342 308,224,372 300,021,287 310,515,069

Zoom Communications, Inc.

Condensed Consolidated Statements of Cash Flows

(Unaudited, in thousands)

Three Months Ended July 31, Six Months Ended July 31,

2026 2025 2026 2025

Cash flows from operating activities:

Net income $ 1,542,445 $ 358,592 $ 1,968,122 $ 613,195

Adjustments to reconcile net income to net cash provided by operating activities:

Stock-based compensation expense 179,784 188,699 358,737 390,268

Amortization of deferred contract acquisition costs 55,640 70,006 107,155 139,563

Depreciation and amortization 32,331 32,163 65,112 67,479

Deferred income taxes 318,171 (28,581) 341,465 (53,271)

Gains on strategic investments, net (1,614,203) (45,056) (1,766,500) (31,437)

Provision for accounts receivable allowances 2,300 4,265 5,326 10,120

Unrealized foreign exchange losses (gains) 2,337 (913) 3,001 (8,539)

Non-cash operating lease cost 6,164 6,386 12,048 12,494

Amortization of discount/premium on marketable securities (4,964) (8,790) (6,257) (21,635)

Other (6,363) (330) 987 3,812

Changes in operating assets and liabilities:

Accounts receivable (64,940) (36,093) (40,250) (23,608)

Prepaid expenses and other assets 42,790 15,453 45,906 3,160

Deferred contract acquisition costs (99,420) (81,404) (186,162) (129,552)

Accounts payable (4,379) (2,458) 5,948 4,794

Accrued expenses and other liabilities 53,788 (1,602) (13,960) (81,985)

Deferred revenue 60,169 52,874 129,774 125,015

Operating lease liabilities, net (6,899) (7,271) (14,091) (14,672)

Net cash provided by operating activities 494,751 515,940 1,016,361 1,005,201

Cash flows from investing activities:

Purchases of marketable securities (3,315,905) (1,092,019) (4,488,122) (2,227,043)

Maturities of marketable securities 380,476 1,054,802 1,238,601 2,088,081

Sales of marketable securities 3,428,694 10,000 3,428,694 12,525

Purchases of property and equipment (22,353) (7,966) (43,466) (33,876)

Purchases of strategic investments (295,379) (27,495) (441,074) (27,495)

Proceeds from strategic investments 125 2,505 309 2,505

Cash paid for acquisition, net of cash acquired (248,655) — (248,655) —

Purchases of intangible assets (524) (500) (524) (500)

Net cash used in investing activities (73,521) (60,673) (554,237) (185,803)

Cash flows from financing activities:

Proceeds from exercise of stock options 1,048 421 1,552 1,375

Proceeds from issuance of common stock for employee stock purchase plan 40,892 36,057 40,892 36,057

Proceeds from employee equity transactions (remitted) to be remitted to employees and tax authorities, net (22,952) (10,773) 6,285 (2,083)

Cash paid for repurchases of common stock, including excise taxes (360,506) (465,263) (722,189) (883,284)

Taxes paid related to net share settlement of equity awards (59,593) (55,304) (121,761) (137,457)

Net cash used in financing activities (401,111) (494,862) (795,221) (985,392)

Effect of exchange rate changes on cash, cash equivalents, and restricted cash (2,450) 1,422 (2,136) 13,276

Net increase (decrease) in cash, cash equivalents, and restricted cash 17,669 (38,173) (335,233) (152,718)

Cash, cash equivalents, and restricted cash – beginning of period 930,879 1,246,872 1,283,781 1,361,417

Cash, cash equivalents, and restricted cash – end of period $ 948,548 $ 1,208,699 $ 948,548 $ 1,208,699

Zoom Communications, Inc.

Reconciliation of GAAP to Non-GAAP Measures

(Unaudited, in thousands, except share and per share amounts)

Three Months Ended July 31, Six Months Ended July 31,

2026 2025 2026 2025

GAAP income from operations $ 314,316 $ 321,735 $ 624,789 $ 563,327

Add:

Stock-based compensation expense and related payroll taxes 186,663 195,782 375,835 412,512

Litigation settlements, net — (18,000) — (18,000)

Acquisition-related expenses 9,298 3,709 18,372 12,713

Non-GAAP income from operations $ 510,277 $ 503,226 $ 1,018,996 $ 970,552

GAAP operating margin 24.6 % 26.4 % 24.8 % 23.6 %

Non-GAAP operating margin 40.0 % 41.3 % 40.5 % 40.6 %

GAAP net income $ 1,542,445 $ 358,592 $ 1,968,122 $ 613,195

Add:

Stock-based compensation expense and related payroll taxes 186,663 195,782 375,835 412,512

Litigation settlements, net — (18,000) — (18,000)

Gains on strategic investments, net (1,614,203) (45,056) (1,766,500) (31,437)

Acquisition-related expenses 9,298 3,709 18,372 12,713

Tax effects on non-GAAP adjustments 339,811 (23,708) 333,225 (69,371)

Non-GAAP net income $ 464,014 $ 471,319 $ 929,054 $ 919,612

Net income per share - basic and diluted:

GAAP net income per share - basic $ 5.27 $ 1.19 $ 6.70 $ 2.02

Non-GAAP net income per share - basic $ 1.58 $ 1.56 $ 3.16 $ 3.03

GAAP net income per share - diluted $ 5.15 $ 1.16 $ 6.56 $ 1.97

Non-GAAP net income per share - diluted $ 1.55 $ 1.53 $ 3.10 $ 2.96

GAAP and non-GAAP weighted-average shares used to compute net income per share - basic 292,879,238 301,779,114 293,688,378 303,354,835

GAAP and non-GAAP weighted-average shares used to compute net income per share - diluted 299,746,342 308,224,372 300,021,287 310,515,069

Net cash provided by operating activities $ 494,751 $ 515,940 $ 1,016,361 $ 1,005,201

Less: Purchases of property and equipment (22,353) (7,966) (43,466) (33,876)

Free cash flow (non-GAAP) $ 472,398 $ 507,974 $ 972,895 $ 971,325

Net cash used in investing activities $ (73,521) $ (60,673) $ (554,237) $ (185,803)

Net cash used in financing activities $ (401,111) $ (494,862) $ (795,221) $ (985,392)

Operating cash flow margin (GAAP) 38.7 % 42.4 % 40.4 % 42.0 %

Free cash flow margin (non-GAAP) 37.0 % 41.7 % 38.7 % 40.6 %

Three Months Ended July 31, Six Months Ended July 31,

2026 2026

Revenue YoY Revenue Growth (%) Revenue YoY Revenue Growth (%)

GAAP revenue $ 1,277,217 4.9 % $ 2,516,223 5.2 %

Add: Constant currency impact (2,751) (0.2) % (12,936) (0.5) %

Revenue in constant currency (non-GAAP) $ 1,274,466 4.7 % $ 2,503,287 4.7 %

XML — IDEA: XBRL DOCUMENT

XML

Filename: R1.htm · Sequence: 7

v3.26.1

Cover

Aug. 25, 2026

Cover [Abstract]

Document Type

8-K

Document Period End Date

Aug. 25, 2026

Entity Registrant Name

Zoom Communications, Inc.

Entity Incorporation, State or Country Code

Entity File Number

001-38865

Entity Tax Identification Number

61-1648780

Entity Address, Address Line One

55 Almaden Boulevard, 6th Floor

Entity Address, City or Town

San Jose

Entity Address, State or Province

Entity Address, Postal Zip Code

95113

City Area Code

(888)

Local Phone Number

799-9666

Written Communications

false

Soliciting Material

false

Pre-commencement Tender Offer

false

Pre-commencement Issuer Tender Offer

false

Title of 12(b) Security

Class A Common Stock, $0.001 par value per share

Trading Symbol

Security Exchange Name

NASDAQ

Entity Emerging Growth Company

false

Entity Central Index Key

0001585521

Amendment Flag

false

- Definition

Boolean flag that is true when the XBRL content amends previously-filed or accepted submission.

+ References

No definition available.

+ Details

Name:

dei_AmendmentFlag

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Area code of city

+ References

No definition available.

+ Details

Name:

dei_CityAreaCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Cover page.

+ References

No definition available.

+ Details

Name:

dei_CoverAbstract

Namespace Prefix:

dei_

Data Type:

xbrli:stringItemType

Balance Type:

Period Type:

duration

- Definition

For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD.

+ References

No definition available.

+ Details

Name:

dei_DocumentPeriodEndDate

Namespace Prefix:

dei_

Data Type:

xbrli:dateItemType

Balance Type:

Period Type:

duration

- Definition

The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'.

+ References

No definition available.

+ Details

Name:

dei_DocumentType

Namespace Prefix:

dei_

Data Type:

dei:submissionTypeItemType

Balance Type:

Period Type:

duration

- Definition

Address Line 1 such as Attn, Building Name, Street Name

+ References

No definition available.

+ Details

Name:

dei_EntityAddressAddressLine1

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the City or Town

+ References

No definition available.

+ Details

Name:

dei_EntityAddressCityOrTown

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Code for the postal or zip code

+ References

No definition available.

+ Details

Name:

dei_EntityAddressPostalZipCode

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Name of the state or province.

+ References

No definition available.

+ Details

Name:

dei_EntityAddressStateOrProvince

Namespace Prefix:

dei_

Data Type:

dei:stateOrProvinceItemType

Balance Type:

Period Type:

duration

- Definition

A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityCentralIndexKey

Namespace Prefix:

dei_

Data Type:

dei:centralIndexKeyItemType

Balance Type:

Period Type:

duration

- Definition

Indicate if registrant meets the emerging growth company criteria.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityEmergingGrowthCompany

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen.

+ References

No definition available.

+ Details

Name:

dei_EntityFileNumber

Namespace Prefix:

dei_

Data Type:

dei:fileNumberItemType

Balance Type:

Period Type:

duration

- Definition

Two-character EDGAR code representing the state or country of incorporation.

+ References

No definition available.

+ Details

Name:

dei_EntityIncorporationStateCountryCode

Namespace Prefix:

dei_

Data Type:

dei:edgarStateCountryItemType

Balance Type:

Period Type:

duration

- Definition

The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityRegistrantName

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b-2

+ Details

Name:

dei_EntityTaxIdentificationNumber

Namespace Prefix:

dei_

Data Type:

dei:employerIdItemType

Balance Type:

Period Type:

duration

- Definition

Local phone number for entity.

+ References

No definition available.

+ Details

Name:

dei_LocalPhoneNumber

Namespace Prefix:

dei_

Data Type:

xbrli:normalizedStringItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 13e

-Subsection 4c

+ Details

Name:

dei_PreCommencementIssuerTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration