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.

Zoom Video Communications, Inc. ZM Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	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
EBITDA margin	26.8%+5.9pp	25.8%+5.7pp	25.7%+6.8pp	23.3%+4.7pp	20.9%+2.8pp
Free cash flow margin	39.8%+3.5pp	39.5%+0.7pp	41.7%+4.4pp	38.8%+1.3pp	36.2%+0.2pp
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 assets	17.9%+8.1pp	16.6%+6.9pp	14.4%+5.0pp	11%+2.0pp	9.9%+1.0pp
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×
Quick ratio	4.2×-0.3×	4.3×-0.2×	4.4×-0.2×	4.4×-0.1×	4.6×+0.1×
Cash ratio	0.5×-0.2×	0.6×-0.1×	0.6×-0.1×	0.6×-0.2×	0.7×-0.4×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	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×
Interest coverage	3.8×+1.4×	3.4×+0.9×	3.4×+1.1×	2.9×+0.3×	2.5×-0.5×
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%
Enterprise value	$27.76B+27.0%	$26.05B+2.7%	$24.93B+13.9%	$21.25B+23.8%	$21.86B+29.7%
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×
EV / sales	5.6×+1.0×	5.3×-0.1×	5.2×+0.5×	4.5×+0.7×	4.7×+1.0×
Free cash flow yield	6.9%-0.5pp	7.1%+0.3pp	7.7%+0.2pp	8.2%-1.0pp	7.4%-1.4pp
Earnings yield	7.2%+2.7pp	7%+3.2pp	6.1%+2.0pp	5.3%+0.6pp	4.6%+0.1pp
PEG ratio	0.1×-0.7×	0.2×-0.3×	0.2×—	0.5×—	0.9×—

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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.