Company Analysis

Zoom Communications, Inc. (ZM)

Nasdaq: ZM · Services-Computer Programming, Data Processing, Etc. · San Jose, CA · filing with the SEC since 2013
Grade6.3
◀ Past 6.4● Present 7.2▶ Future 5.3

The grade of Zoom Communications, Inc.

Nine metrics read from its own filings, by tense
Headline grade
6.3/10
◀ Past6.425% of the headline
● Present7.235% of the headline
▶ Future5.340% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

6.4/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed
2.9/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2023-01-26.

weight 22% of this tense · 28th percentile among 79 sector filers · read for itself

From the record

Zoom Communications, Inc.'s filings since 2017 show 1 warning event: a notice about its exchange listing (8-K item 3.01, the latest 2023-01-26) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
8.2/10

What has it actually done, year after year?

+54.3% a year over 9 filed years; profitable in 8 of 9.

weight 45% of this tense · 82nd percentile among 70 sector filers · read for its customers

From the record

Zoom Communications, Inc.'s 9 filed years say what it did: revenue went from $151 million in fiscal 2018 to $4.9 billion in fiscal 2026, up 54.3% a year; it rose in 8 of 8 years; it never fell from a peak; net income was positive in 8 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span54.3%top 9% of its family
  • the share of years revenue rosetop 21% of its family
  • the share of filed years with a profittop 21% of its family
  • the deepest fall from a revenue peak0.0%top 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
6.4/10

How has it treated the people who own it?

Share count grew 0.3% a year. 49% of cash flow returned. Insiders: 193 sales, 0 purchases.

weight 33% of this tense · 64th percentile among 41 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-01-31, Zoom Communications, Inc.'s diluted share count grew about 0.3% a year, and dividends and buybacks returned about 49% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 193 sales (193 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-09 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 37% of its family
  • cash returned against operating cash flowtop 35% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

7.2/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
7.7/10

Is it financially healthy right now?

ROE 19%: 19¢ of profit per shareholder dollar. Leverage 18%: owes 18¢ per asset dollar.

weight 45% of this tense · 76th percentile among 74 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-01-31, Zoom Communications, Inc. earned about 19 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 31 cents per dollar of everything the company owns. Leverage: it owed about 18 cents per dollar of assets, and net share issuance: its share count shrank 2.5% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 13% of its family
  • return on equitytop 15% of its family
  • gross profit against assetstop 46% of its family
  • the share count against the year beforetop 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
7.4/10

How strong is its position in its industry?

top 26% of 73 in its family; net margin 39%.

weight 33% of this tense · 74th percentile among 73 sector filers · read for its customers

From the record

Zoom Communications, Inc.'s standing among 73 graded names in its industry family: revenue of $4.9 billion in fiscal 2026 ranks in the top 11% by size; a net margin of 39% ranks in the top 5%; revenue growth of 3.5% a year over the last 3 filed years ranks in the bottom 36% (its annual reports).

What it rests on

  • revenue against the family$4.87Btop 11% of its family
  • net margin39.0%top 5% of its family
  • three-year revenue growth3.5%bottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.2/10

What are the people in charge doing?

top 38% of 34 in its family for leadership; chief executive since 2019.

weight 22% of this tense · 62nd percentile among 34 sector filers · read for its shareholders

From the record

Zoom Communications, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Yuan, Eric S. (Chief Executive Officer, as filed), filing under that title since 2019-04-17, 7.6 years (top 29% of its family); the 13 officers and directors filing in the last fifteen months have been on the record a median of 6.4 years (top 26%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 13 people in charge now (bottom 41%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge8 in three years among 13 peoplebottom 41% of its family
  • the median years the people in charge have filed6.4 yearstop 26% of its family
  • the chief executive's years on the record7.6 yearstop 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

5.3/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed
7.3/10

How much room does it have to grow?

top 27% of 71 in its family for room to expand.

weight 22% of this tense · 73rd percentile among 71 sector filers · read for itself

From the record

Zoom Communications, Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $1.3 billion against no long-term debt tagged leaves 10.7% of its assets as net cash, top 35% of its family; cash from operations less capital spending is 39.5% of revenue (top 6%); a gross margin of 77% (top 25%); research spending of 17.4% of revenue (top 43%) (its annual report).

What it rests on

  • cash less debt against assets10.7%top 35% of its family
  • cash from operations less capital spending against revenue39.5%top 6% of its family
  • gross margin77.0%top 25% of its family
  • research spending against revenue17.4%top 43% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
2.9/10

What could actually drive growth from here?

bottom 29% of 70 in its family for growth drivers.

weight 45% of this tense · 29th percentile among 70 sector filers · read for its customers

From the record

Zoom Communications, Inc.'s growth drivers, from the filed years to fiscal 2026: revenue grew 3.5% a year over the last three filed years against 54.3% over all 9, slowing (bottom 1% of its family); the newest year grew 4.4% (bottom 41%); research spending grew 3% a year (bottom 47%); capital spending grew -14.5% a year (bottom 28%) (its annual reports). Zoom Communications, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-50.8 points a yearbottom 1% of its family
  • the newest year's revenue growth4.4%bottom 41% of its family
  • three-year growth of research spending3.0%bottom 47% of its family
  • three-year growth of capital spending-14.5%bottom 28% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
7.3/10

Did its newest year beat what its own record pointed to?

top 27% of 65 in its family for expectations against reality.

weight 33% of this tense · 73rd percentile among 65 sector filers · read for its shareholders

From the record

Zoom Communications, Inc.'s newest year against its own record: revenue of $4.9 billion in fiscal 2026 came in 1.3% above the $4.8 billion its prior three years' pace pointed to (top 42% of its family); net income of $1.9 billion against a prior three-year average of $584 million (top 21%); a net margin of 39% against 12.7% before (top 19%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace1.3%top 42% of its family
  • net income against the prior three years' average+226%top 21% of its family
  • net margin against its prior average+26.3 pointstop 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton ZM · research, not advice