Company profile · free preview
ZM
ZM · Updated 10/23/2026
Revenue
$4.9B
Fiscal 2026
Net income
$1.9B
Fiscal 2026
Free cash flow
$1.9B
Fiscal 2026
Net cash / (debt)
—
Fiscal 2026
Five-year financials
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | $4.9B | $4.7B | $4.5B | $4.4B | $4.1B |
| Net income | $1.9B | $1.0B | $637.5M | $103.7M | $1.4B |
| Diluted EPS | — | — | — | — | — |
| Operating cash flow | $2.0B | $1.9B | $1.6B | $1.3B | $1.6B |
| Free cash flow | $1.9B | $1.8B | $1.5B | $1.2B | $1.5B |
| Cash | $1.3B | $1.3B | $1.6B | $1.1B | $1.1B |
| Total debt | — | — | — | — | — |
Where the cash went
Cumulative, fiscal 2022–2026, straight from the reported cash-flow statements.
Reinvested in capex
6.7%
of operating cash flow
Returned to owners
—
of free cash flow (buybacks + dividends)
Diluted share count
—
change 2022–2026
| Operating cash flow | $8.4B |
| Capital expenditure | ($564.9M) |
| Free cash flow | $7.9B |
| Share buybacks | — |
| Dividends paid | — |
| Acquisitions (net) | — |
| Net debt issued / (repaid) | — |
| Stock-based compensation (non-cash) | — |
"—" means a year didn't report that line, so no total is shown rather than an estimate.
SEC filings
- 10-K · period 2026-01-312026-02-27EDGAR
Analyst overview
ZM operates as a global provider of video-first unified communications, offering a platform that integrates video conferencing, voice, webinars, chat, and contact center functionalities. The company primarily generates revenue through subscriptions to its various service tiers, catering to individual users, small businesses, and large enterprises alike. Its competitive edge lies in brand recognition and a strong network effect, though it operates in a highly competitive market with established tech giants and emerging players.
The company has demonstrated consistent revenue growth, from $4.1 billion in 2022 to $4.9 billion in 2026. Net income has also shown significant expansion, accelerating from $103.7 million in 2023 to $1.9 billion in 2026, recovering from a dip in 2023. ZM consistently generates substantial free cash flow, reaching $1.9 billion in 2026, and maintains a robust cash position, holding $1.3 billion as of 2026, with no reported total debt.
ZM's key strengths include its powerful brand, strong profitability, and significant cash generation, underpinning its financial stability. A primary risk remains intense competition and the potential for technological disruption in the rapidly evolving communications sector. Investors will be closely watching the company's ability to innovate and expand its platform offerings to sustain growth and market share in the coming periods.
AI-generated from published financials and filings · 10/23/2026. Not investment advice.
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