Zoom Communications annual operating margin
2018
2019
2020
2021
2022
2023
2024
2025
2026
Zoom Communications Operating Margin Growth & History (ZM)
Zoom Communications's operating margin was 23.08% for fiscal 2026.
View full Zoom Communications company overviewZoom Communications annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2026 | 2026-01-31 | 23.08% | +5.65 pp |
| 2025 | 2025-01-31 | 17.43% | +5.83 pp |
| 2024 | 2024-01-31 | 11.60% | +6.02 pp |
| 2023 | 2023-01-31 | 5.59% | −20.36 pp |
| 2022 | 2022-01-31 | 25.94% | +1.06 pp |
| 2021 | 2021-01-31 | 24.89% | +22.85 pp |
| 2020 | 2020-01-31 | 2.04% | +0.17 pp |
| 2019 | 2019-01-31 | 1.87% | +5.06 pp |
| 2018 | 2018-01-31 | −3.19% | — |
Zoom Communications quarterly operating margin
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
Q3.26
Q4.26
Q1.27
| Fiscal quarter | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q1 2027 | 2026-04-30 | 25.06% | +4.49 pp |
| Q4 2026 | 2026-01-31 | 20.04% | +1.03 pp |
| Q3 2026 | 2025-10-31 | 25.24% | +9.71 pp |
| Q2 2026 | 2025-07-31 | 26.43% | +9.02 pp |
| Q1 2026 | 2025-04-30 | 20.57% | +2.78 pp |
| Q4 2025 | 2025-01-31 | 19.01% | +4.31 pp |
| Q3 2025 | 2024-10-31 | 15.53% | +0.63 pp |
| Q2 2025 | 2024-07-31 | 17.41% | +1.81 pp |
| Q1 2025 | 2024-04-30 | 17.79% | +16.91 pp |
| Q4 2024 | 2024-01-31 | 14.70% | +26.32 pp |
| Q3 2024 | 2023-10-31 | 14.90% | +8.87 pp |
| Q2 2024 | 2023-07-31 | 15.60% | +4.53 pp |
| Q1 2024 | 2023-04-30 | 0.88% | −16.54 pp |
| Q4 2023 | 2023-01-31 | −11.62% | −35.12 pp |
| Q3 2023 | 2022-10-31 | 6.04% | −21.64 pp |
| Q2 2023 | 2022-07-31 | 11.07% | −17.77 pp |
| Q1 2023 | 2022-04-30 | 17.42% | −6.25 pp |
| Q4 2022 | 2022-01-31 | 23.50% | −5.52 pp |
| Q3 2022 | 2021-10-31 | 27.68% | +2.95 pp |
| Q2 2022 | 2021-07-31 | 28.84% | +0.49 pp |
| Q1 2022 | 2021-04-30 | 23.67% | +16.54 pp |
| Q4 2021 | 2021-01-31 | 29.02% | +23.42 pp |
| Q3 2021 | 2020-10-31 | 24.74% | +25.74 pp |
| Q2 2021 | 2020-07-31 | 28.35% | +26.80 pp |
| Q1 2021 | 2020-04-30 | 7.13% | +5.85 pp |
| Q4 2020 | 2020-01-31 | 5.61% | +0.41 pp |
| Q3 2020 | 2019-10-31 | −1.01% | +0.17 pp |
| Q2 2020 | 2019-07-31 | 1.55% | −3.04 pp |
| Q1 2020 | 2019-04-30 | 1.28% | +4.08 pp |
| Q4 2019 | 2019-01-31 | 5.19% | — |
| Q3 2019 | 2018-10-31 | −1.18% | — |
| Q2 2019 | 2018-07-31 | 4.59% | — |
| Q1 2019 | 2018-04-30 | −2.80% | — |
Zoom Communications operating margin trends
Over the last five reported fiscal years, Zoom Communications's operating margin decreased from 24.89% to 23.08%, a change of −1.81 percentage points. The latest reported quarter, Q1 2027, shows 25.06%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Zoom Communications filings at SEC.gov ↗