The strong guidance and accelerating revenue growth suggest Zoom's transformation into a 'system of action' is gaining traction. Traders should monitor Enterprise net dollar expansion rate (currently 98%) and AI adoption metrics in future quarters as leading indicators of sustained growth.
Price Chart
Executive Summary
Zoom reported fourth quarter revenue of $1.247 billion (up 5.3% YoY) and full-year revenue of $4.869 billion (up 4.4% YoY), with strong GAAP EPS growth of 91.4% YoY in Q4. The company guided FY27 revenue to $5.065-$5.075 billion, expecting to surpass $5 billion in annual revenue, while maintaining profitable growth with non-GAAP operating margin of 40.4% for FY26.
Key Financial Metrics
Key Facts
- Q4 revenue: $1.247 billion (up 5.3% YoY), FY26 revenue: $4.869 billion (up 4.4% YoY)
- Q4 GAAP EPS: $2.22 (up 91.4% YoY), FY26 GAAP EPS: $6.18 (up 92.5% YoY)
- FY27 revenue guidance: $5.065-$5.075 billion, representing 16.4-16.6% YoY growth
- Enterprise revenue grew 7.1% YoY in Q4, with 9.3% YoY growth in customers contributing over $100k in trailing 12-month revenue
- Repurchased 20.4 million shares during FY26
Financial Impact
Revenue growth accelerating to 4.4% in FY26 from prior year, with guidance indicating acceleration to ~16.5% growth in FY27, driven by Enterprise segment strength and AI adoption in customer experience products
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Enterprise | $2.9B | +6.5% |
| Online | $1.9B | +1.2% |
Risk Factors
- Non-GAAP EPS growth slowed to 2.1% YoY in Q4 despite strong GAAP EPS growth
- Free cash flow guidance for FY27 ($1.70-$1.74 billion) represents a decrease from FY26 actual of $1.924 billion
- Online revenue growth remains sluggish at 1.2% YoY for full year
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001585521-26-000026 |
| Document: zm-20260225.htm | 0001585521-26-000026 |
| Document: 0001585521-26-000026-index-headers.html | 0001585521-26-000026 |
| Document: 0001585521-26-000026-index.html | 0001585521-26-000026 |
| Document: 0001585521-26-000026.txt | 0001585521-26-000026 |
Filters
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Sep 10, 2026 21d ago | Insider Cluster | $95.57 $88.77 | ▼ −7.12% | ▼ −6.89% | $92.46 (−3.25%) |
Sep 10, 2026 21d ago | Insider Cluster | $95.57 $88.77 | ▼ −7.12% | ▼ −6.89% | $92.46 (−3.25%) |
Sep 2, 2026 29d ago | 8-K | $98.14 $95.57 | ▼ −2.62% | ▼ −1.47% | $92.46 (−5.79%) |
Aug 25, 2026 5w ago | Press Release | $93.83 $95.86 | ▲ +2.16% | ▲ +2.28% | $92.46 (−1.46%) |
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Jul 22, 2026 10w ago | Press Release | $85.81 $92.41 | ▲ +7.69% | ▲ +10.09% | $92.46 (+7.75%) |
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Jul 2, 2026 13w ago | Press Release | $87.15 $89.88 | ▲ +3.14% | ▲ +2.21% | $92.46 (+6.10%) |
US Market Status
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