Zoom Video Communications, Inc. ZM Ratios & Valuation
| Q1 '27 | Q4 '26 | Q3 '26 | Q2 '26 | Q1 '26 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 77.4%+1.5pp | 77%+1.2pp | 76.9%+1.1pp | 76.4%+0.5pp | 75.9%-0.3pp | |
| Operating margin | 24.2%+6.0pp | 23.1%+5.6pp | 22.9%+6.5pp | 20.4%+4.2pp | 18.1%+2.4pp | |
| Net margin | 42%+19.7pp | 39%+17.4pp | 33.2%+12.8pp | 25%+5.9pp | 22.3%+3.9pp | |
| Returns | ||||||
| Return on equity | 21.9%+9.8pp | 20.3%+8.4pp | 17.7%+6.0pp | 13.6%+2.3pp | 12.2%+0.9pp | |
| Return on invested capital | 11.1%+1.7pp | 10.9%+2.0pp | 11.2%+2.5pp | 10.4%+1.3pp | 9.4%+0.1pp | |
| Efficiency | ||||||
| Asset turnover | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | |
| Liquidity | ||||||
| Current ratio | 4.2×-0.3× | 4.3×-0.2× | 4.4×-0.2× | 4.4×-0.1× | 4.6×+0.1× | |
| Leverage | ||||||
| Debt-to-equity | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | 0×0.0× | |
| Net debt / EBITDA | -0.7×+0.5× | -1×+0.4× | -1×+0.4× | -1×+0.7× | -1.2×+1.0× | |
| Per Share | ||||||
| Book value per share | $33.21+16.7% | $31.91+12.5% | $30.45+10.2% | $29.04+7.0% | $28.46+8.2% | |
| Valuation | ||||||
| Market capitalization | $28.63B+24.2% | $27.27B+2.3% | $26.11B+13.0% | $22.4B+20.2% | $23.04B+23.3% | |
| Price / earnings | 13.8×-8.2× | 14.4×-12.0× | 16.4×-8.2× | 18.9×-2.4× | 22×-0.3× | |
| Price / sales | 5.8×+0.9× | 5.6×-0.1× | 5.4×+0.4× | 4.7×+0.6× | 4.9×+0.8× | |
| Price / book | 2.9×+0.3× | 2.8×-0.2× | 2.8×+0.1× | 2.5×+0.3× | 2.6×+0.3× | |
| EV / EBITDA | 21×-1.2× | 20.7×-6.4× | 20.2×-4.9× | 19.2×-0.9× | 22.2×+1.8× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Zoom Video Communications, Inc.'s profit margins?
- Zoom Video Communications, Inc. (ZM) runs a 77.4% gross margin and a 24.2% operating margin, with a 42.0% net margin.
- Where do Zoom Video Communications, Inc.'s ratios come from?
- Every ratio is computed from Zoom Video Communications, Inc.'s SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
