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Reported May 21, 2026 · After market close

Revenue$1.2BBeat by $14.8M
EPS$1.55Beat by $0.13
Revenue estimate$1.2B
EPS estimate$1.42
We saw continued momentum in the first quarter, with revenue up 5.5% year over year, exceeding the high end of our guidance, Customers are increasingly adopting Zoom as an AI-first system of action for modern work, with AI Companion paid users growing 184% year over year, and My Notes reaching 1.5 million licensed users within just four months of launch. We also saw strong progress across new AI monetization streams and Zoom Customer Experience, which continued to see accelerating high double-digit growth. With strong profitability, cash flow, and an increased share repurchase authorization, we remain focused on turning AI innovation into durable growth, measurable customer value, and long-term shareholder returns.
Eric S. Yuan

Next report

Nov 23, 2026 (in 3 months)
Revenue estimate$1.3B
EPS estimate$1.52

Financials

Q1 2027

Income statement

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Revenue$1.2B+5.5%
Gross profit$964.7M+7.6%
Operating income$310.5M+28.5%
Net income$425.7M+67.2%
EPS (diluted)$1.42+75.3%

Balance sheet

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Cash & equivalents$930.9M-25.3%
Total debt$60.2M-2.1%
Total equity$10.0B+12.0%
Total assets$12.2B+11.0%

Cash flow

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Operating cash flow$521.6M+6.6%
CapEx$21.1M-18.5%
Free cash flow$500.5M+8.0%

Valuation & ratios

Valuation

as of 04/30/26
See full
Market cap$28.63B+24.2%
Enterprise value$27.76B+27.0%
P/E13.8×-8.2×
P/S5.8×+0.9×

Profitability

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Gross margin77.4%+1.5pp
Operating margin24.2%+6.0pp
Net margin42%+19.7pp
FCF margin39.8%+3.5pp

Returns & leverage

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Return on equity21.9%+9.8pp
Debt / equity0.0×
Current ratio4.2×-0.3×

Segments

By geography

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Americas$893.6M+5.4%
Europe, Middle East, and Africa (“EMEA”)$194.9M+5.2%
Asia Pacific (“APAC”)$150.5M+6.2%

By segment

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Reportable Segment$1.2B+5.5%

FAQ

When did Zoom Video Communications, Inc. report Q1 2027 earnings?
Zoom Video Communications, Inc. (ZM) reported Q1 2027 earnings on May 21, 2026 after market close.
What were Zoom Video Communications, Inc.'s Q1 2027 revenue and EPS?
Zoom Video Communications, Inc. reported revenue of $1.2B and eps of $1.55 for Q1 2027.
Did Zoom Video Communications, Inc. beat estimates in Q1 2027?
Revenue beat the consensus estimate of $1.2B by $14.8M. EPS beat the consensus estimate of $1.42 by $0.13.
How did Zoom Video Communications, Inc.'s Q1 2027 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 5.5% from $1.2B a year earlier and eps grew 8.4% from $1.43.
Where can I find Zoom Video Communications, Inc.'s Q1 2027 SEC filings?
You can read the 8-K earnings release (0001585521-26-000069) and the 10-Q periodic report (0001585521-26-000071) directly on SEC EDGAR. The filing index links above go to sec.gov.