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Zoom Communications, Inc.

ZM Technology Software Application

Zoom Communications, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $4.9 billion, up 4.36% from fiscal 2025. In the quarter to July 2026, revenue grew 4.93%, EPS grew 342.9% and free cash flow fell 7.02%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.

93.93 4.58 −4.65%
Market cap
$28.7B
P/E
8.5×
Fwd P/E
24.6×
Dividend yield
—
F-score
7/9
Altman Z
9.77
Beneish M
−2.34
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 94.69
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 3 5 5 2 1 5 2 3 5 2 3 5
Insider Ownership 10.30%

Capital & Financial Ratios $m

Market Cap 28,740.00
Revenue 4,993.05
Net Income 3,255.08
Free Cash Flow 1,924.63
Net Debt (7,249.72)
Current Ratio 3.83 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 8.51
Fwd P/E 24.60
P/S ratio 5.51
P/B ratio 2.43
Past 5Y EPS Growth 22.39% (at or above 15%: strong)
This Y EPS Growth 3.88%
Next Y EPS Growth 3.42%
Next Y revenue growth 4.61%
Next 5Y EPS Growth 4.13%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 4.1×, against a ten-year median of 4.2×; over the ten years it ranged from 2.4× in 2024 to 97.7× in 2020.
P/E against its own 10 years 0.93%
10-year low 10-year high
P/S against its own 10 years 45.78%
10-year low 10-year high
P/B against its own 10 years 9.42%
10-year low 10-year high
EV/Sales against its own 10 years 47.64%
10-year low 10-year high
EV/FCF against its own 10 years 32.63%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 6,962 7,792 7,817 7,250
Receivables 536 495 497 533
Inventory — — — —
Other — — — —
7,926 8,676 8,658 8,115
2024 2025 2026 Q'26
Payables 10 8 6 14
ST’ Debt — — — —
Other — — — —
1,762 1,903 1,999 2,121

Compound Annual Growth %

10y 5y 3y
Sales — 12.92% 3.49%
Cash Flow — 6.22% 15.52%
Earnings — 23.12% 163.63%
Book Value — 20.50% 16.48%

Revenue $m

Apr Jul Oct Jan Year
’26 1,239 1,277 — — —
’26 1,175 1,217 1,230 1,247 4,869
’25 1,141 1,163 1,178 1,184 4,665
’24 1,105 1,139 1,137 1,146 4,527
’23 1,074 1,099 1,102 1,118 4,393
’22 956 1,021 1,051 1,071 4,100
’21 328 664 777 882 2,651
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 522 495 — — —
’26 489 516 629 355 1,989
’25 588 449 483 425 1,945
’24 418 336 493 351 1,599
’23 526 257 295 212 1,290
’22 533 468 395 209 1,605
’21 259 401 411 399 1,471
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 500 472 — — —
’26 463 507 614 338 1,924
’25 570 365 458 416 1,809
’24 397 289 453 333 1,472
’23 498 229 265 183 1,175
’22 454 455 365 185 1,460
’21 252 372 385 376 1,385
Fiscal quarters ending in the months shown.

EPS $

Apr Jul Oct Jan Year
’26 1.42 5.15 — — —
’26 0.81 1.16 2.01 2.22 6.18
’25 0.69 0.70 0.66 1.16 3.21
’24 0.05 0.59 0.45 0.95 2.07
’23 0.37 0.15 0.16 (0.36) 0.34
’22 0.74 1.04 1.11 1.60 4.50
’21 0.09 0.63 0.66 0.87 2.25
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low — — 59.94 65.81 174.66 63.55 58.87 55.06 64.41 70.70

Analyst estimates 2027–2029

Powerpack
High — — 107.34 588.84 451.77 184.91 85.13 92.80 91.43 114.74
People
People Employees — — 1,702 2,532 4,422 6,787 8,484 7,420 7,412 7,438
Revenue/emp, $m 0.00 0.00 0.19 0.25 0.60 0.60 0.52 0.61 0.63 0.65
Income, $m
Income, $m Revenue 61 151 331 623 2,651 4,100 4,393 4,527 4,665 4,869
Gross margin, % 73.77 79.68 81.54 81.47 69.00 74.28 74.95 76.19 75.79 77.02
EBT 0 (4) 8 26 678 1,102 249 832 1,316 2,422
EBT margin, % 0.00 (2.32) 2.53 4.23 25.57 26.87 5.67 18.38 28.20 49.75
Net income (14) (4) 8 25 672 1,376 104 637 1,010 1,900
Depreciation 4 12 28 54 133 225 342 375 405 416
Per share, $
Per share, $ Revenue 0.23 1.94 3.91 2.67 9.34 13.84 14.81 15.05 15.15 16.20
Earnings (0.06) (0.05) 0.09 0.09 2.37 4.64 0.35 2.12 3.28 6.32
Cash flow 0.03 0.25 0.61 0.65 5.18 5.42 4.35 5.32 6.32 6.62
Capex 0.00 (0.12) (0.36) (0.16) (0.30) (0.49) (0.39) (0.42) (0.44) (0.22)
Free cash flow 0.03 0.12 0.25 0.49 4.88 4.93 3.96 4.89 5.87 6.40
Book value 0.00 0.00 (0.09) 3.57 13.60 19.51 20.93 26.66 29.01 32.64
Shares, m 260 78 84 234 284 296 297 301 308 301
Valuation, ×
Valuation, × P/E 690.42 690.42 690.42 847.78 161.15 33.39 227.27 30.62 26.51 14.63
P/S 15.85 15.85 15.85 28.63 40.89 11.15 5.06 4.29 5.74 5.73
P/B 0.00 0.00 0.00 21.38 28.08 7.91 3.58 2.42 3.00 2.85
EV/Sales 15.31 15.31 15.31 27.26 39.29 9.83 3.83 2.75 4.07 4.13
EV/FCF 221.03 221.03 221.03 149.13 75.19 27.64 14.32 8.52 10.54 10.44
Cash, $m
Cash, $m Operating cash flow 9 19 51 152 1,471 1,605 1,290 1,599 1,945 1,989
Capex (5) (10) (30) (38) (86) (146) (115) (127) (137) (65)
Free cash flow 9 10 21 114 1,385 1,460 1,175 1,472 1,809 1,924
Balance, $m
Balance, $m Working capital — 100 124 762 3,533 4,604 4,618 6,164 6,773 6,659
Total debt — — 15 73 106 106 97 — — —
Net debt — (139) (176) (855) (4,245) (5,419) (5,413) (6,962) (7,792) (7,817)
Shareholders’ equity — — (7) 834 3,861 5,780 6,207 8,019 8,935 9,808
Returns, %
Returns, % ROA 0.00 (2.89) 0.00 2.65 20.39 21.40 1.32 7.06 9.66 16.56
ROIC — 0.00 0.00 0.00 0.00 184.27 19.32 31.06 44.46 35.27
ROE 0.00 48.39 0.00 5.26 28.61 28.53 1.73 8.96 11.92 20.28
Negative figures in brackets.

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Charts ten years each

Zoom Communications, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WDAY Workday, Inc. $47.4B 38.5× 35.1× +12.82% (above 0%: growing) +200.00% (above 0%: growing) −21.77% (below 0%: shrinking) 75.39% 11.82% Compare
PAYX Paychex, Inc. $39.4B 22.1× 17.9× +5.88% (above 0%: growing) +13.08% (above 0%: growing) −46.05% (below 0%: shrinking) 73.62% 37.98% Compare
ROP Roper Technologies, Inc. $37.8B 15.8× 20.5× +8.50% (above 0%: growing) +230.68% (above 0%: growing) +18.70% (above 0%: growing) 69.71% 27.73% Compare
ZM Zoom Communications, Inc. $28.7B 8.5× 24.6× +4.93% (above 0%: growing) +342.86% (above 0%: growing) −7.02% (below 0%: shrinking) 77.16% 24.61%
PTC PTC Inc. $21.0B 18.6× 15.2× −6.82% (below 0%: shrinking) −11.86% (below 0%: shrinking) +3.02% (above 0%: growing) 81.74% 27.75% Compare
SSNC SS&C Technologies Holdings, Inc. $19.8B 23.4× 17.7× +10.34% (above 0%: growing) +33.78% (above 0%: growing) +14.94% (above 0%: growing) 48.26% 24.60% Compare
U Unity Software Inc. $19.1B — (loss-making) — (loss-making) +23.93% (above 0%: growing) n/m +59.46% (above 0%: growing) 79.56% (5.90%) Compare
DT Dynatrace, Inc. $18.4B 120× 45.8× +16.17% (above 0%: growing) −18.75% (below 0%: shrinking) +15.68% (above 0%: growing) 81.34% 12.89% Compare
FICO Fair Isaac Corporation $16.6B 22.0× 30.0× +25.68% (above 0%: growing) +39.65% (above 0%: growing) +34.07% (above 0%: growing) 87.09% 53.79% Compare
Median of peers $20.4B 22.1× 20.5× +11.58% +33.78% +15.31% 77.48% 26.17%

All 237 Software Application stocks →

Zoom Communications, Inc. (ZM) key facts

  • Strength: Zoom Communications, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $4.9 billion, up 4.36% from fiscal 2025.
  • Zoom Communications, Inc. (ZM) is a Software Application company in the Technology sector, listed on Nasdaq.
  • As of October 16, 2026, ZM traded at $93.93, a market capitalization of $28.7 billion.
  • Return on equity was 20.3% and debt-to-equity 0.00.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 9.77 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Zoom Communications, Inc. (ZM) Latest News

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stockrow.com/ZM · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com