Tearsheet
Investment Highlights Market Valuation Price Chart Business Description Interactive Breakdown Latest Trefis Analyses Better Bets vs. ZM Recent Active Movers More From Trefis Peer Financials Peer Growth & Margins Peer Valuation Peer Returns Peer Analyses FDIC Bank Data Financials Segment Financials Price Behavior Short Interest Earnings Returns History SEC Filings Insider Activity Industry Resource Links External Quote Links

Zoom Communications (ZM)

Market Price (9/18/2025): $86.6 | Market Cap: $26.1 Bil
Sector: Information Technology | Industry: Application Software

Zoom Communications (ZM)

Market Price (9/18/2025): $86.6
Market Cap: $26.1 Bil
Sector: Information Technology
Industry: Application Software

Investment Highlights

0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -30%		 Trading close to highs
Dist 52W High is -3.1%, Dist 3Y High is -3.1%		 
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39%		 Weak multi-year price returns
2Y Excs Rtn is -24%, 3Y Excs Rtn is -58%		 
2 Attractive yield
FCF Yield is 7.1%		  
3 Low stock price volatility
Vol 12M is 33%		  
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -30%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 40%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 39%
2 Attractive yield
FCF Yield is 7.1%
3 Low stock price volatility
Vol 12M is 33%
4 Trading close to highs
Dist 52W High is -3.1%, Dist 3Y High is -3.1%
5 Weak multi-year price returns
2Y Excs Rtn is -24%, 3Y Excs Rtn is -58%

Market Valuation

 9/18/25202420232022
Share Price CYE$86.60$81.61$71.91$67.74
Market Cap CYE ($ Bil)26.125.121.820.0
Total Debt ($ Bil)0.10.10.10.1
Total Cash ($ Bil)7.87.87.05.4
Enterprise Value ($ Bil)18.425.221.920.1
Valuation Ratios    
P/S TTM5.55.44.84.6
P/EBIT TTM26.930.941.281.8
P/E TTM22.024.933.9193.7
Sector Ratios    
P/S TTM (Sector)3.23.12.82.5
P/EBIT TTM (Sector)3.9-0.0-0.1-0.5
P/E TTM (Sector)-0.4-0.3-0.4-0.5
 9/18/252024
Share Price CYE$86.60$81.61
Market Cap CYE ($ Bil)26.125.1
Total Debt ($ Bil)0.10.1
Total Cash ($ Bil)7.87.8
Enterprise Value ($ Bil)18.425.2
Valuation Ratios  
P/S TTM5.55.4
P/EBIT TTM26.930.9
P/E TTM22.024.9
Sector Ratios  
P/S TTM (Sector)3.23.1
P/EBIT TTM (Sector)3.9-0.0
P/E TTM (Sector)-0.4-0.3

Market Cap Chart

Business Description

Zoom Video Communications, Inc. provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices. Show more

Price Returns Compared

Expand for Detailed View

 202020212022202320242025Total [1]
Returns
ZM Return396%-45%-63%6%13%6%23%
Peers Return44%30%-35%31%27%28%158%
S&P 500 Return16%27%-19%24%23%12%104%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: MSFT, GOOGL, CSCO, RNG, ORCL. See ZM Returns vs. Peers.
[3] 2025 data is for the year up to 9/17/2025 (YTD)

Better Bets than Zoom Communications (ZM)

 ZMBetter Performance than ZM
MetricValueIndustry (Application Software)
Rev Chg LTM3.6%ORCL (9.7%), PLTR (38.8%), SAP (10.3%), CRM (8.3%), SHOP (29.0%)
Rev Chg 3Y Avg3.4%ORCL (10.2%), PLTR (25.7%), SAP (8.7%), CRM (10.5%), SHOP (26.0%)
Op Mgn LTM20.4%ORCL (31.6%), SAP (25.9%), CRM (21.2%), INTU (26.2%), ADBE (36.4%)
CFO/Rev LTM40.2%PLTR (50.3%), ADBE (42.5%), DAVE (44.4%)
FCF/Rev LTM38.8%PLTR (49.7%), ADBE (41.8%), DAVE (42.8%), TRAK (39.8%)
Total Yield4.6%MSTR (5.3%), SSNC (4.8%), OTEX (7.5%), DBX (5.6%), DLB (4.7%)
 ZMBetter Performance than ZM
MetricValueAll Other Sectors
Rev Chg LTM3.6%GOOGL (13.1%), AMZN (10.9%), META (19.4%), JPM (8.2%), WMT (4.2%)
Rev Chg 3Y Avg3.4%GOOGL (10.2%), AMZN (11.3%), META (13.0%), TSLA (12.9%), BRK-B (16.6%)
Op Mgn LTM20.4%GOOGL (32.7%), META (42.9%), LLY (43.0%), V (66.5%), MA (58.0%)
CFO/Rev LTM40.2%META (56.4%), V (60.4%), MA (53.3%), RY (135.4%), APP (53.7%)
FCF/Rev LTM38.8%V (56.8%), MA (49.2%), RY (131.7%), APP (53.7%), SCHW (79.4%)
Total Yield4.6%BRK-B (5.9%), JPM (6.5%), XOM (9.7%), JNJ (8.1%), HD (5.7%)

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Zoom Communications Earnings Notes  
2ZM's 16% One Month Pop Begs The Question: Is ADBE Better Instead?Counter-Intuitive Comparisons 
3ZM Shares Rally 17% In A Month: How Does the Competition Measure Up?Peer Comparison 
4Better Bet Than ZM Stock: Pay Less Than Zoom Communications To Get More From CALM, POWL   
5ZM Dip Buy Analysis  
6Zoom Communications vs. Cadence Design Systems: With Return Forecast Of 51%, Cadence Design Systems Is A Better BetPeer Comparison 
7Zoom Communications vs. AppLovin: With Return Forecast Of 9.9%, Zoom Communications Is A Better BetPeer Comparison 
8Zoom Communications vs. CrowdStrike: With Return Forecast Of 37%, CrowdStrike Is A Better BetPeer Comparison 
9Zoom Communications vs. RingCentral: With Return Forecast Of 34%, RingCentral Is A Better BetPeer Comparison 
10Zoom Communications vs. Cisco Systems: With Return Forecast Of 10%, Zoom Communications Is A Better BetPeer Comparison 
11ARTICLES  
12ZM’s One-Month Rally Offers a Chance to Reevaluate ADBE September 17th, 2025
13ZM Jumps 16% in a Month, But Does ADBE Offer Better Fundamentals? September 4th, 2025
14Buy or Sell Zoom Communications Stock Ahead of Its Earnings? August 19th, 2025
15Will Zoom Communications Stock Fall On Upcoming Earnings? May 16th, 2025
16What’s Next For Zoom Stock? February 26th, 2025
Title
0DASHBOARDS
1ZM’s One-Month Rally Offers a Chance to Reevaluate ADBE
2ZM Jumps 16% in a Month, But Does ADBE Offer Better Fundamentals?
3Buy or Sell Zoom Communications Stock Ahead of Its Earnings?
4Will Zoom Communications Stock Fall On Upcoming Earnings?
5What’s Next For Zoom Stock?
6ARTICLES
7Zoom Communications Earnings Notes
8ZM's 16% One Month Pop Begs The Question: Is ADBE Better Instead?
9ZM Shares Rally 17% In A Month: How Does the Competition Measure Up?
10Better Bet Than ZM Stock: Pay Less Than Zoom Communications To Get More From CALM, POWL 
11ZM Dip Buy Analysis
12Zoom Communications vs. Cadence Design Systems: With Return Forecast Of 51%, Cadence Design Systems Is A Better Bet
13Zoom Communications vs. AppLovin: With Return Forecast Of 9.9%, Zoom Communications Is A Better Bet
14Zoom Communications vs. CrowdStrike: With Return Forecast Of 37%, CrowdStrike Is A Better Bet
15Zoom Communications vs. RingCentral: With Return Forecast Of 34%, RingCentral Is A Better Bet
16Zoom Communications vs. Cisco Systems: With Return Forecast Of 10%, Zoom Communications Is A Better Bet

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1ECDAECD Automotive Design3347.2%307.9%
2BDSXBiodesix1090.6%-79.7%
3CLSDClearside Biomedical987.7%-74.7%
4ATHAAthira Pharma892.1%544.3%
5SDOTSadot690.6%-79.9%
6ATCHAtlasClear684.9%-83.1%
7HSDTHelius Medical Technologies232.1%-95.5%
8CHEKCheck-Cap222.2%134.4%
9APLMApollomics197.8%89.1%
10SPRCSciSparc147.0%1141.7%

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#TickerCompany1W RtnYTD Rtn
1CURXCuranex Pharmaceuticals-80.5%148.4%
2ATYRaTyr Pharma-80.4%-71.7%
3NAKAKindly MD-70.2% 
4BNGOBionano Genomics-64.0%-89.8%
5XAGELongevity Health-57.6%-86.1%
6FAASDigiAsia-55.4%-88.0%
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8VCIGVCI Global-51.0%-98.9%
9REXREX American Resources-50.7%44.3%
10RBNERobin Energy-42.6% 

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10BCTXBriaCell Therapeutics1032.4%-89.8%

1 Month Top Losers

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1CJETChijet Motor-94.5%-96.0%
2STFSStar Fashion Culture-92.3%-97.9%
3ELPWElong Power-91.1%-76.9%
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6NAKAKindly MD-88.1% 
7BINIBollinger Innovations-87.6%-100.0%
8JEM707 Cayman-87.4%-98.2%
9YAASYouxin Technology-83.3%-98.4%
10NEONNeonode-82.5%-51.0%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1ECDAECD Automotive Design3347.2%307.9%
2BDSXBiodesix1090.6%-79.7%
3CLSDClearside Biomedical987.7%-74.7%
4ATHAAthira Pharma892.1%544.3%
5SDOTSadot690.6%-79.9%
6ATCHAtlasClear684.9%-83.1%
7HSDTHelius Medical Technologies232.1%-95.5%
8CHEKCheck-Cap222.2%134.4%
9APLMApollomics197.8%89.1%
10SPRCSciSparc147.0%1141.7%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1CURXCuranex Pharmaceuticals-80.5%148.4%
2ATYRaTyr Pharma-80.4%-71.7%
3NAKAKindly MD-70.2% 
4BNGOBionano Genomics-64.0%-89.8%
5XAGELongevity Health-57.6%-86.1%
6FAASDigiAsia-55.4%-88.0%
7ASSTStrive-54.5%650.3%
8VCIGVCI Global-51.0%-98.9%
9REXREX American Resources-50.7%44.3%
10RBNERobin Energy-42.6% 

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Zoom Communications

Financials

ZMMSFTGOOGLCSCORNGORCLMedian
NameZoom Com.MicrosoftAlphabet Cisco Sy.RingCent.Oracle  
Mkt Price86.30510.02249.5367.7231.54301.41167.91
Mkt Cap26.03,789.43,024.8268.22.9851.8560.0
Rev LTM4,754281,724371,39956,6542,45659,01857,836
Op Inc LTM971128,528121,37012,5046618,66715,586
FCF LTM1,84571,61166,72813,288489-5,8807,566
FCF 3Y Avg1,56668,38666,20314,1783454,9499,564
CFO LTM1,913136,162133,70814,19357721,53417,864
CFO 3Y Avg1,685114,097112,63614,98642719,46817,227

Growth & Margins

ZMMSFTGOOGLCSCORNGORCLMedian
NameZoom Com.MicrosoftAlphabet Cisco Sy.RingCent.Oracle  
Rev Chg LTM3.6%14.9%13.1%5.3%6.5%9.7%8.1%
Rev Chg 3Y Avg3.4%12.5%10.2%3.4%10.6%10.2%10.2%
Rev Chg Q4.7%18.1%13.8%7.6%4.6%12.2%9.9%
QoQ Delta Rev Chg LTM1.2%4.3%3.2%1.9%1.1%2.8%2.3%
Op Mgn LTM20.4%45.6%32.7%22.1%2.7%31.6%26.9%
Op Mgn 3Y Avg13.1%44.0%29.4%24.5%-4.8%30.3%27.0%
QoQ Delta Op Mgn LTM2.3%0.4%0.0%0.3%1.7%0.2%0.3%
CFO/Rev LTM40.2%48.3%36.0%25.1%23.5%36.5%36.2%
CFO/Rev 3Y Avg36.5%46.0%34.1%26.7%18.4%35.6%34.8%
FCF/Rev LTM38.8%25.4%18.0%23.5%19.9%-10.0%21.7%
FCF/Rev 3Y Avg33.9%27.9%20.3%25.3%14.8%9.8%22.8%

Valuation

ZMMSFTGOOGLCSCORNGORCLMedian
NameZoom Com.MicrosoftAlphabet Cisco Sy.RingCent.Oracle  
Mkt Cap26.03,789.43,024.8268.22.9851.8560.0
P/S5.513.58.14.71.214.46.8
P/EBIT26.830.121.621.143.247.128.4
P/E21.937.226.226.3-235.068.526.3
P/CFO13.627.822.618.95.039.620.8
Total Yield4.6%3.3%4.1%6.2%-0.4%2.1%3.7%
Dividend Yield0.0%0.6%0.3%2.4%0.0%0.6%0.5%
FCF Yield 3Y Avg7.6%2.2%3.5%6.4%12.9%1.6%5.0%
D/E0.00.00.00.10.50.10.1
Net D/E-0.3-0.0-0.00.00.40.10.0

Returns

ZMMSFTGOOGLCSCORNGORCLMedian
NameZoom Com.MicrosoftAlphabet Cisco Sy.RingCent.Oracle  
1M Rtn17.2%-1.4%22.7%1.2%4.3%21.0%10.7%
3M Rtn11.4%6.4%44.1%2.9%15.9%43.2%13.6%
6M Rtn13.2%32.0%52.6%11.5%15.9%98.8%23.9%
12M Rtn26.7%18.1%57.3%36.7%5.0%81.9%31.7%
3Y Rtn9.7%113.6%144.4%70.3%-25.5%356.0%91.9%
1M Excs Rtn14.8%-3.7%20.4%-1.2%1.9%18.7%8.4%
3M Excs Rtn0.5%-3.5%31.6%-6.7%6.8%34.8%3.6%
6M Excs Rtn-3.2%15.9%38.1%-4.5%-0.7%85.3%7.6%
12M Excs Rtn10.4%2.0%41.9%21.6%-10.0%70.6%16.0%
3Y Excs Rtn-57.9%35.5%66.1%-1.7%-92.9%246.6%16.9%

Comparison Analyses

Title
0ZM Shares Rally 17% In A Month: How Does the Competition Measure Up?
1Zoom Communications vs. Cadence Design Systems: With Return Forecast Of 51%, Cadence Design Systems Is A Better Bet
2Zoom Communications vs. AppLovin: With Return Forecast Of 9.9%, Zoom Communications Is A Better Bet
3Zoom Communications vs. CrowdStrike: With Return Forecast Of 37%, CrowdStrike Is A Better Bet
4Zoom Communications vs. RingCentral: With Return Forecast Of 34%, RingCentral Is A Better Bet
5Zoom Communications vs. Cisco Systems: With Return Forecast Of 10%, Zoom Communications Is A Better Bet
6Zoom Communications vs. Microsoft: With Return Forecast Of 30%, Microsoft Is A Better Bet
7Zoom Communications vs. Alphabet: With Return Forecast Of 28%, Alphabet Is A Better Bet
8Zoom Communications vs. Fair Isaac: With Return Forecast Of 14%, Fair Isaac Is A Better Bet
9Zoom Communications vs. Digital Realty Trust: Both Seem Similar Bets

Financials

$ Mil | FY: 1/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
Period End7/31/20254/30/20251/31/202510/31/20247/31/20244/30/20241/31/202410/31/20237/31/20234/30/20231/31/202310/31/2022
Filing Date8/22/20255/23/20252/28/202511/26/20248/23/20245/22/20243/4/202411/21/20238/23/20235/25/20233/3/202311/23/2022
Key Financials Quarterly            
Total Revenue1,2171,1751,1841,1781,1631,1411,1461,1371,1391,1051,1181,102
Ebitda35427726021523123019619620434-10588
Operating Income32224222518320220316916917810-13067
Net Income35925536820721921629914118215-10448
EPS1.190.841.200.670.710.700.980.470.610.05-0.360.16
Key Financials TTM            
Total Revenue TTM4,7544,6994,6654,6284,5874,5634,5274,4994,4644,4254,3934,347
Ebitda TTM1,106983936872853826630328220159328698
Operating Income TTM97185281375774371952522712468245627
Net Income TTM1,1881,0491,0109418758386372351425104698
Growth Rates Quarterly            
Total Revenue Growth4.7%2.9%3.3%3.6%2.1%3.2%2.6%3.2%3.6%2.9%4.3%4.9%
EBITDA Growth52.9%20.6%32.6%9.6%13.6%579.2%285.6%122.5%42.9%-83.3%-139.8%-70.9%
Operating Income Growth59.0%19.0%33.5%7.9%13.9%1984.0%229.8%154.7%45.9%-94.8%-151.6%-77.1%
Net Income Growth63.7%17.7%23.1%46.6%20.4%1300.6%387.2%192.0%297.8%-86.4%-121.2%-85.8%
Margins Quarterly            
EBITDA Margin29.1%23.6%21.9%18.3%19.9%20.1%17.1%17.3%17.9%3.1%-9.4%8.0%
Operating Income Margin26.4%20.6%19.0%15.5%17.4%17.8%14.7%14.9%15.6%0.9%-11.6%6.0%
Net Income Margin29.5%21.7%31.1%17.6%18.8%19.0%26.1%12.4%16.0%1.4%-9.3%4.4%
Cash & Debt            
Total Cash7,7797,7937,7927,7027,5207,3746,9626,4946,0295,5965,4135,165
Total Debt5461646764687379869196100
Net Debt / (Cash)-7,724-7,731-7,727-7,635-7,456-7,306-6,890-6,415-5,943-5,505-5,316-5,065
Cash Flows Quarterly            
FCF from Operations516489425483449588351493336418212295
Cash Flows TTM            
FCF from Operations TTM1,9131,8461,9451,8721,8821,7691,5991,4591,2611,1831,2901,288
Returns to Shareholders Quarterly            
Dividends000000000000
Share Repurchases465418355302288150-0-0-0-09565
Return on Invested Capital (ROIC) Quarterly            
ROIC------------
Return on Invested Capital (ROIC) TTM            
ROIC TTM------------

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Single Segment4,5274,3934,1002,651623
Total4,5274,3934,1002,651623


Price Behavior

ZM Betas & Captures as of 8/31/2025

 1M2M3M6M1Y3Y
Beta2.732.371.460.840.851.17
Up Beta4.323.852.530.830.801.12
Down Beta2.292.321.450.900.781.14
Up Capture269%148%70%80%94%134%
Bmk +ve Days10223571142415
Stock +ve Days10182662126361
Down Capture165%162%133%83%96%105%
Bmk -ve Days11192754106334
Stock -ve Days11233662121385

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date8292025
Short Interest: Shares Quantity5,667,506
Short Interest: % Change Since 8152025-16.9%
Average Daily Volume5,396,864
Days-to-Cover Short Interest1.05
Basic Shares Quantity301,779,114
Short % of Basic Shares1.9%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/21/202512.7%10.5% 
5/21/2025-0.2%-2.8%-6.1%
2/24/2025-8.5%-8.4%-3.7%
8/21/202413.0%17.4%12.1%
5/20/2024-0.4%-3.2%-9.0%
2/26/20248.0%10.4%5.1%
11/20/2023-0.1%2.3%5.8%
8/21/2023-2.1%0.4%2.3%
...
SUMMARY STATS   
# Positive8810
# Negative161614
Median Positive7.8%9.2%9.0%
Median Negative-8.0%-11.2%-12.9%
Max Positive40.8%20.3%44.6%
Max Negative-16.7%-24.1%-26.1%

SEC Filings

Expand for More

Report DateFiling DateFiling
7312025822202510-Q 7/31/2025
4302025523202510-Q 4/30/2025
1312025228202510-K 1/31/2025
103120241126202410-Q 10/31/2024
7312024823202410-Q 7/31/2024
4302024522202410-Q 4/30/2024
1312024304202410-K 1/31/2024
103120231121202310-Q 10/31/2023
7312023823202310-Q 7/31/2023
4302023525202310-Q 4/30/2023
1312023303202310-K 1/31/2023
103120221123202210-Q 10/31/2022
7312022824202210-Q 7/31/2022
4302022525202210-Q 4/30/2022
1312022307202210-K 1/31/2022
103120211123202110-Q 10/31/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0McMaster Herbert Raymond 8262025Sell80.001,00080,000792,080Form
1Subotovsky Santiago 7072025Sell77.172,475190,99612,133,841Form
2Subotovsky Santiago 6052025Sell80.481,649132,70612,568,402Form
3Subotovsky Santiago 5072025Sell78.822,475195,08712,440,177Form
4Subotovsky Santiago 4282025Sell75.432,475186,68412,091,001Form

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