ZMNasdaqServices-Computer Programming, Data Processing, Etc.US GAAP · USD

Zoom Communications, Inc.

Zoom Communications, Inc. is a U.S.-based software company that provides cloud-based communications and collaboration tools for businesses and individuals. Its platform centers on Zoom Workplace, Zoom Phone, Zoom Meetings, and related business services such as contact center, revenue intelligence, and virtual events.

Liikevaihto4 869milj. USD
+4,4 %v/v
Liikevoitto (EBIT)1 124milj. USD
+38,2 %v/v
EBIT-marginaali23,1%
+5,6 %-yks.v/v
Nettotulos1 900milj. USD
+88,1 %v/v
Vapaa kassavirta1 924milj. USD
+6,4 %v/v

Tilikausi 2026 · muutos edellisvuodesta

Kehitys 2021–2026

01 0002 0003 0004 0005 000milj. USD2021: 2 651 milj. USD2021: EBIT 660 milj. USD20212022: 4 100 milj. USD2022: EBIT 1 064 milj. USD20222023: 4 393 milj. USD2023: EBIT 245 milj. USD20232024: 4 527 milj. USD2024: EBIT 525 milj. USD20242025: 4 665 milj. USD2025: EBIT 813 milj. USD20252026: 4 869 milj. USD2026: EBIT 1 124 milj. USD20264 8691 124
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Workplace collaboration55 %

Core communications and collaboration tools for meetings, chat, docs, and workplace workflows.

Voice and telephony20 %

Cloud phone services and calling plans for business users and enterprises.

Customer experience12 %

Contact center and customer engagement tools for support and service teams.

Sales and revenue tools5 %

Conversation intelligence and revenue acceleration tools for sales teams.

Events and employee experience8 %

Virtual events and employee experience products such as Workvivo and Zoom Events.

Asiakkaat

Zoom sells to businesses of all sizes, as well as individual users, through subscription-based plans and add-on services. Its customer base includes enterprise organizations, small and mid-sized businesses, and sector-specific buyers in education, healthcare, and government. The platform is also used by sales, marketing, customer experience, and internal communications teams that need integrated video, voice, chat, and workflow tools.

Enterprise customers

Large organizations buying Zoom Workplace, Zoom Phone, and business services for company-wide collaboration and communications.

Small and mid-sized businesses

SMBs using packaged subscriptions for meetings, chat, phone, and add-on services because of ease of deployment and low total cost.

Customer experience teams

Support and service organizations buying Zoom Contact Center for omnichannel customer interactions.

Sales and marketing teams

Teams using Zoom Revenue Accelerator and Zoom Events to manage customer conversations and engagement.

Education, healthcare, and government

Vertical customers buying specialized plans tailored to regulated or institution-specific communication needs.

Strategia

Zoom’s strategy centers on expanding its AI-first work platform by adding capabilities across meetings, phone, chat, docs, contact center, and employee experience. It also emphasizes platform openness, third-party integrations, and international expansion so the product suite can become a broader operating layer for communication and customer engagement.

Expand AI capabilities across the platformLyhyt aikaväli

AI is intended to improve productivity, collaboration, and customer workflows across Zoom products.

Broaden the platform beyond meetingsKeskipitkä aikaväli

Adding phone, contact center, revenue, and employee experience tools increases wallet share and customer stickiness.

Deepen ecosystem and integrationsKeskipitkä aikaväli

An open platform with third-party apps can make Zoom more embedded in customer workflows.

Grow international reachPitkä aikaväli

International markets remain a meaningful source of growth and diversification.

Maantiede

Q2/2026

Zoom serves customers worldwide, with revenue generated across the United States and international markets. The company discloses that the rest of the world, primarily APAC and EMEA, represented 28.2% of total revenue in fiscal 2025, highlighting a meaningful non-U.S. footprint and exposure to local regulatory and commercial conditions.

Americas72 %
EMEA16 %
Asia Pacific12 %

Osuus liikevaihdosta, jonka yhtiö raportoi maantieteellisesti.

Riskit

Zoom faces intense competition from bundled productivity suites, UCaaS vendors, and contact-center specialists, which can pressure customer acquisition and product adoption. Its Zoom Phone business is also exposed to telecom regulation, FCC oversight, and carrier-related cost obligations, while the broader platform depends on reliable internet infrastructure, privacy, and security trust.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Customer churn and weak upsell conversion1Competitive pressure from bundled suites and UCaaS rivals2FCC and telecom regulation on Zoom Phone3Internet infrastructure and service reliability4International regulatory and operational complexity5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Customer churn and weak upsell conversionVaikutus: KorkeaTodennäköisyys: Korkea

    The business relies on retaining users and expanding adoption of additional products and paid tiers.

    Kohdistuu: Subscription renewals and free-to-paid conversion

  2. Competitive pressure from bundled suites and UCaaS rivalsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Customers can substitute Zoom with communications features already included in broader productivity platforms.

    KohdistuuMeetingsChatPhoneCollaboration subscriptions
  3. FCC and telecom regulation on Zoom PhoneVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Zoom Phone is regulated as an interconnected VoIP service and may face additional compliance, pricing, and service obligations.

    Kohdistuu: Zoom Phone and related voice services

  4. Internet infrastructure and service reliabilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The product suite depends on broadband quality and network availability for real-time communications.

    KohdistuuMeetingsPhoneContact center usage
  5. International regulatory and operational complexityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Operating across multiple jurisdictions increases compliance, localization, and partner-management demands.

    Kohdistuu: APAC and EMEA operations

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition for subscriptions

Zoom sells access to software and services over contract terms, so timing of recognition affects quarterly revenue patterns.

Vaikutus: Reported revenue and deferred revenue

Variable consideration and free-period discounts

Management must estimate the transaction price and whether revenue reversals are probable.

Vaikutus: Revenue timing and contract liabilities

Goodwill and intangible assets

Acquisitions are recorded at fair value and goodwill must be tested for impairment annually.

Vaikutus: Balance sheet carrying values and impairment charges

Cost to obtain contracts

Sales commissions and related costs may be capitalized and amortized depending on contract economics.

Vaikutus: Operating expense timing and margins

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026