ZM - Zoom Communications, Inc.
Price:
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CONSENSUS:
Hold
DETAILS
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PRICE TARGET:
$117.18
DETAILS
HIGH:
$130.00
LOW:
$104.00
MEDIAN:
$118.00
CONSENSUS:
$117.18
UPSIDE:
10.92%
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||
| Revenue | 4,868.8 | 4,665.4 | 4,527.2 | 4,393.0 | 4,099.9 | 2,651.4 | 622.7 | 330.5 | 151.5 | 60.8 |
| Cost of Revenue | 1,119.0 | 1,129.6 | 1,077.8 | 1,100.5 | 1,054.6 | 822.0 | 115.4 | 61.0 | 30.8 | 12.5 |
| Gross Profit | 3,749.7 | 3,535.8 | 3,449.4 | 3,292.5 | 3,045.3 | 1,829.4 | 507.3 | 269.5 | 120.7 | 48.3 |
| Operating Expenses | ||||||||||
| R&D Expenses | 844.9 | 852.4 | 803.2 | 774.1 | 363.0 | 164.1 | 67.1 | 33.0 | 15.7 | 9.2 |
| SG&A Expenses | 1,781.2 | 1,870.1 | 2,121.0 | 2,273.0 | 1,618.7 | 1,005.5 | 427.5 | 230.3 | 109.8 | 39.1 |
| Other Expenses | 0 | 0 | 0 | 0 | (5.7) | 0 | 0 | 0.3 | 0.1 | 0.1 |
| Operating Expenses | 2,626.1 | 2,722.5 | 2,924.1 | 3,047.1 | 1,981.7 | 1,169.5 | 494.6 | 263.3 | 125.5 | 48.3 |
| Operating Income | ||||||||||
| Operating Income | 1,123.6 | 813.3 | 525.3 | 245.4 | 1,063.6 | 659.8 | 12.7 | 6.2 | (4.8) | 0 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 18.2 | 13.7 | 2.2 | 1.3 | 0.1 |
| Profitability | ||||||||||
| EBITDA | 1,256.5 | 935.9 | 629.7 | 327.8 | 1,111.8 | 688.7 | 29.1 | 13.2 | (2.0) | 1.2 |
| EBIT | 1,123.6 | 813.3 | 525.3 | 245.4 | 1,063.6 | 659.8 | 12.7 | 6.2 | (4.8) | 0 |
| Income Before Tax | 2,422.3 | 1,315.6 | 832.3 | 249.3 | 1,101.6 | 678.0 | 26.4 | 8.3 | (3.5) | 0.2 |
| Income Tax Expense | 522.1 | 305.3 | 194.8 | 145.6 | (274.0) | 5.7 | 1.1 | 0.8 | 0.3 | 0.2 |
| Net Income | 1,900.1 | 1,010.2 | 637.5 | 103.7 | 1,375.6 | 672.3 | 25.3 | 7.6 | (3.8) | (0.0) |
| Per Share Data | ||||||||||
| EPS (Basic) | 6.32 | 3.28 | 2.12 | 0.35 | 4.64 | 2.37 | 0.09 | 0.03 | -0.02 | -0.00 |
| EPS (Diluted) | 6.18 | 3.21 | 2.07 | 0.34 | 4.50 | 2.25 | 0.09 | 0.03 | -0.01 | -0.00 |
| Shares Outstanding | 300.5 | 308.0 | 300.7 | 296.6 | 296.3 | 283.9 | 233.6 | 268.8 | 237.3 | 237.3 |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 1,272.9 | 1,349.4 | 1,558.3 | 1,086.8 | 1,062.8 | 2,240.3 | 283.1 | 63.6 | 36.1 | 134.3 |
| Short-Term Investments | 6,544.0 | 6,442.3 | 5,404.2 | 4,325.8 | 4,356.4 | 2,004.4 | 572.1 | 112.8 | 103.1 | 0 |
| Net Receivables | 497.3 | 495.2 | 536.1 | 557.4 | 419.7 | 294.7 | 120.4 | 63.6 | 24.5 | 9.9 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 343.7 | 222.1 | 239.4 | 262.8 | 232.2 | 192.7 | 97.6 | 27.4 | 13.9 | 5.5 |
| Total Current Assets | 8,658.0 | 8,676.0 | 7,926.2 | 6,356.4 | 6,183.8 | 4,792.9 | 1,095.5 | 276.7 | 183.2 | 151.9 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 316.9 | 386.4 | 352.7 | 333.7 | 318.3 | 247.6 | 125.7 | 37.3 | 13.0 | 5.7 |
| Goodwill | 400.4 | 307.3 | 307.3 | 122.6 | 27.6 | 24.3 | 0 | 0 | 0 | 0 |
| Intangible Assets | 71.2 | 58.6 | 72.2 | 56.7 | 24.0 | 0 | 2.2 | 0 | 0 | 0 |
| Long-Term Investments | 1,578.6 | 591.5 | 409.2 | 399.0 | 367.8 | 18.7 | 3 | 0 | 0 | 0 |
| Other Non-Current Assets | 288.6 | 218.9 | 200.0 | 301.2 | 247.5 | 213.0 | 63.4 | 40.6 | 18.8 | 7.3 |
| Total Non-Current Assets | 3,302.5 | 2,312.4 | 2,003.6 | 1,771.7 | 1,367.5 | 505.1 | 194.3 | 77.8 | 31.9 | 12.9 |
| Total Assets | 11,960.4 | 10,988.4 | 9,929.8 | 8,128.1 | 7,551.3 | 5,298.0 | 1,289.8 | 354.6 | 215.0 | 164.8 |
| Current Liabilities | ||||||||||
| Account Payables | 6.3 | 8.3 | 10.2 | 14.4 | 7.8 | 8.7 | 1.6 | 5.0 | 2.7 | 1.5 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Revenue | 1,467.9 | 1,383.7 | 1,292.0 | 1,300.2 | 1,162.3 | 871.3 | 213.0 | 115.1 | 50.4 | 0 |
| Other Current Liabilities | 243.9 | 223.2 | 204.0 | 160.8 | 148.9 | 176.3 | 90.4 | 18.7 | 11.1 | 23.0 |
| Total Current Liabilities | 1,999.2 | 1,903.3 | 1,762.2 | 1,738.6 | 1,579.7 | 1,260.0 | 333.8 | 152.3 | 68.5 | 28.9 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.9 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 109.1 | 95.4 | 81.4 | 67.2 | 68.1 | 61.6 | 36.3 | 184.2 | 169.2 | 0 |
| Total Non-Current Liabilities | 153.0 | 150.0 | 148.2 | 182.8 | 191.6 | 177.3 | 122.1 | 209.7 | 173.2 | 0 |
| Total Liabilities | 2,152.2 | 2,053.3 | 1,910.4 | 1,921.5 | 1,771.3 | 1,437.2 | 455.9 | 362.0 | 241.7 | 28.9 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.3 | 0.1 | 0.1 | 0.1 |
| Retained Earnings | 5,699.7 | 3,799.5 | 2,789.3 | 2,151.8 | 2,048.1 | 672.5 | 0.2 | (25.2) | (32.7) | (28.9) |
| Accumulated Other Comprehensive Income | 8.5 | 5.0 | 1.1 | (50.4) | (17.9) | 0.8 | 0.8 | (0.1) | (0.5) | 0 |
| Total Stockholders' Equity | 9,808.3 | 8,935.1 | 8,019.4 | 6,206.6 | 5,780.0 | 3,860.8 | 833.9 | (7.4) | (26.7) | 130.9 |
| Total Liabilities & Equity | 11,960.4 | 10,988.4 | 9,929.8 | 8,128.1 | 7,551.3 | 5,298.0 | 1,289.8 | 354.6 | 215.0 | 159.8 |
| Debt Metrics | ||||||||||
| Total Debt | 58.5 | 64.4 | 73.0 | 96.5 | 105.7 | 106.0 | 72.5 | 14.9 | 0 | 0 |
| Net Debt | (1,214.4) | (1,284.9) | (1,485.3) | (990.4) | (957.1) | (2,134.3) | (210.7) | (48.8) | (36.1) | (134.3) |
| Metric | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 1,900.1 | 1,010.2 | 637.5 | 103.7 | 1,375.6 | 672.3 | 25.3 | 7.6 | (3.8) | (0.0) |
| Depreciation & Amortization | 416.2 | 122.6 | 104.5 | 82.3 | 48.2 | 28.9 | 16.4 | 7.0 | 2.8 | 1.2 |
| Stock-Based Compensation | 760.8 | 931.3 | 1,057.2 | 1,285.8 | 477.3 | 275.8 | 73.1 | 8.9 | 10.3 | 1.0 |
| Change in Working Capital | (268.3) | (126.9) | (254.6) | (412.8) | (186.5) | 319.9 | (12.3) | 5.0 | 0.3 | 3.7 |
| Other Non-Cash Items | (924.8) | 98.6 | 171.1 | 392.3 | 218.6 | 174.3 | 49.3 | 22.8 | 9.8 | 3.5 |
| Operating Cash Flow | 1,989.0 | 1,945.3 | 1,598.8 | 1,290.3 | 1,605.3 | 1,471.2 | 151.9 | 51.3 | 19.4 | 9.4 |
| Investing Activities | ||||||||||
| Capital Expenditure | (65.0) | (136.6) | (127.0) | (115.1) | (145.6) | (85.8) | (38.2) | (30.4) | (9.7) | (4.8) |
| Acquisitions | (119.8) | 0 | (204.9) | (120.6) | (3.5) | (26.5) | 0 | 0 | 0 | 0 |
| Purchases of Investments | (4,922.8) | (4,640.6) | (4,154.5) | (2,918.2) | (4,739.9) | (2,069.5) | (803.2) | (78.0) | (143.3) | 0 |
| Sales/Maturities of Investments | 4,829.2 | 3,671.1 | 3,302.7 | 2,835.5 | 2,029.9 | 617.7 | 343.6 | 68.7 | 39.7 | 0 |
| Other Investing Activities | (0.5) | 0 | 0 | (11.3) | (13.0) | (4.2) | (1.7) | (2.0) | 0 | 2 |
| Investing Cash Flow | (278.9) | (1,106.0) | (1,183.7) | (318.3) | (2,859.1) | (1,562.4) | (499.5) | (39.7) | (113.4) | (2.8) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 14.9 | (0.1) | 0 |
| Stock Repurchased | (1,620.7) | (1,093.9) | 0 | (1,000.0) | 0 | 0 | 0 | 0 | (4.6) | (15.0) |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (248.4) | 7.2 | (4.1) | 0.8 | (39.7) | 4.1 | 48.5 | (0.9) | 0 | 0 |
| Financing Cash Flow | (1,805.4) | (1,028.1) | 60.2 | (936.9) | 34.1 | 2,050.3 | 615.7 | 17.5 | (4.0) | 100.3 |
| Cash Position | ||||||||||
| Net Change in Cash | (88.5) | (204.0) | 465.1 | 26.9 | (1,219.8) | 1,959.0 | 268.1 | 29.1 | (97.9) | 106.8 |
| Cash at Beginning | 1,361.4 | 1,565.4 | 1,100.2 | 1,073.4 | 2,293.1 | 334.1 | 66.0 | 36.8 | 134.7 | 27.9 |
| Cash at End | 1,272.9 | 1,361.4 | 1,565.4 | 1,100.2 | 1,073.4 | 2,293.1 | 334.1 | 66.0 | 36.8 | 134.7 |
| Free Cash Flow | 1,924.1 | 1,808.7 | 1,471.9 | 1,175.2 | 1,459.7 | 1,385.4 | 113.7 | 20.9 | 9.7 | 4.5 |
| Key Metrics | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||
| Revenue | 4,868.8 | 4,665.4 | 4,527.2 | 4,393.0 | 4,099.9 | 2,651.4 | 622.7 | 330.5 | 151.5 | 60.8 |
| Gross Profit | 3,749.7 | 3,535.8 | 3,449.4 | 3,292.5 | 3,045.3 | 1,829.4 | 507.3 | 269.5 | 120.7 | 48.3 |
| Operating Income | 1,123.6 | 813.3 | 525.3 | 245.4 | 1,063.6 | 659.8 | 12.7 | 6.2 | (4.8) | 0 |
| Net Income | 1,900.1 | 1,010.2 | 637.5 | 103.7 | 1,375.6 | 672.3 | 25.3 | 7.6 | (3.8) | (0.0) |
| EPS (Diluted) | 6.18 | 3.21 | 2.07 | 0.34 | 4.50 | 2.25 | 0.09 | 0.03 | -0.01 | -0.00 |
| Balance Sheet | ||||||||||
| Cash & Equivalents | 1,272.9 | 1,349.4 | 1,558.3 | 1,086.8 | 1,062.8 | 2,240.3 | 283.1 | 63.6 | 36.1 | 134.3 |
| Total Assets | 11,960.4 | 10,988.4 | 9,929.8 | 8,128.1 | 7,551.3 | 5,298.0 | 1,289.8 | 354.6 | 215.0 | 164.8 |
| Total Debt | 58.5 | 64.4 | 73.0 | 96.5 | 105.7 | 106.0 | 72.5 | 14.9 | 0 | 0 |
| Stockholders' Equity | 9,808.3 | 8,935.1 | 8,019.4 | 6,206.6 | 5,780.0 | 3,860.8 | 833.9 | (7.4) | (26.7) | 130.9 |
| Cash Flow | ||||||||||
| Operating Cash Flow | 1,989.0 | 1,945.3 | 1,598.8 | 1,290.3 | 1,605.3 | 1,471.2 | 151.9 | 51.3 | 19.4 | 9.4 |
| Capital Expenditure | (65.0) | (136.6) | (127.0) | (115.1) | (145.6) | (85.8) | (38.2) | (30.4) | (9.7) | (4.8) |
| Free Cash Flow | 1,924.1 | 1,808.7 | 1,471.9 | 1,175.2 | 1,459.7 | 1,385.4 | 113.7 | 20.9 | 9.7 | 4.5 |