Business Segments — Adjusted cost of revenue
Zoom Video Communications, Inc. Business Segments — Adjusted cost of revenue increased by 2.6% to $251.75M in Q4 2025 compared to the prior quarter. Year-over-year, this metric grew by 0.4%, from $250.65M to $251.75M. Over 3 years (FY 2023 to FY 2026), Business Segments — Adjusted cost of revenue shows relatively stable performance with a 2.6% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
A decrease relative to revenue indicates improved operational efficiency and better margins.
Detailed definition
This represents the direct costs associated with delivering the company's cloud-based services, excluding non-cash items...
Peer comparison
Similar to cost of goods sold (COGS) for software companies, often compared as a percentage of revenue.
zm_segment_reportable_segment_adjusted_cost_of_revenueHistorical Data
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $228.23M | $228.23M | $228.23M | $228.23M | $227.07M | $227.07M | $227.07M | $227.07M | $236.14M | $249.32M | $248.82M | $250.65M | $244.63M | $245.41M | $245.46M | $251.75M |
| QoQ Change | — | +0.0% | +0.0% | +0.0% | -0.5% | +0.0% | +0.0% | +0.0% | +4.0% | +5.6% | -0.2% | +0.7% | -2.4% | +0.3% | +0.0% | +2.6% |
| YoY Change | — | — | — | — | -0.5% | -0.5% | -0.5% | -0.5% | +4.0% | +9.8% | +9.6% | +10.4% | +3.6% | -1.6% | -1.3% | +0.4% |
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Frequently Asked Questions
- What is Zoom Video Communications, Inc.'s business segments — adjusted cost of revenue?
- Zoom Video Communications, Inc. (ZM) reported business segments — adjusted cost of revenue of $251.75M in Q4 2025.
- How has Zoom Video Communications, Inc.'s business segments — adjusted cost of revenue changed year-over-year?
- Zoom Video Communications, Inc.'s business segments — adjusted cost of revenue increased by 0.4% year-over-year, from $250.65M to $251.75M.
- What is the long-term trend for Zoom Video Communications, Inc.'s business segments — adjusted cost of revenue?
- Over 3 years (2023 to 2026), Zoom Video Communications, Inc.'s business segments — adjusted cost of revenue has grown at a 2.6% compound annual growth rate (CAGR), from $912.91M to $987.25M.
- What does business segments — adjusted cost of revenue mean?
- The direct costs incurred to provide the company's services to customers, excluding certain non-cash expenses.