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Zoom Communications, Inc. (ZM) Fundamental Analysis & AI Grade 2026

ZM Nasdaq Services-Computer Programming, Data Processing, Etc. DE CIK: 0001585521
Updated This Month • Analysis: May 23, 2026 • SEC Data: 2026-04-30
Combined AI Grade
A
76% Confidence
N/A
A
76% Conf
Pending
Analysis scheduled

📊 ZM Key Takeaways

Revenue: $1.2B
Net Margin: 34.4%
Free Cash Flow: $500.5M
Current Ratio: 4.22x
Debt/Equity: 0.00x
EPS: $1.42
AI Grade: A with 76% confidence
Zoom Communications, Inc. (ZM) receives a A fundamental grade with 76% confidence from our AI analysis based on SEC 10-K filings. With revenue of $1.2B, net profit margin of 34.4%, and return on equity (ROE) of 4.3%, Zoom Communications, Inc. demonstrates strong fundamentals in the Technology sector. Below is our complete ZM stock analysis for 2026.

Is Zoom Communications, Inc. (ZM) a Good Investment?

Claude

Zoom demonstrates exceptional profitability (34.4% net margin) and robust free cash flow generation ($500.5M, 40.4% margin) with a pristine fortress balance sheet carrying zero debt. However, slowing revenue growth of 4.4% YoY combined with unexpectedly low ROE (4.3%) despite strong absolute profits signal a mature business facing headwinds, suggesting limited upside unless growth reaccelerates.

Zoom Communications, Inc. Key Strengths (ZM)

Claude
  • + Exceptional net margin of 34.4% demonstrates pricing power and operational efficiency in SaaS model
  • + Outstanding free cash flow generation of $500.5M (40.4% margin) with minimal capital requirements
  • + Fortress balance sheet: zero debt, $890.9M cash, 4.22x current ratio providing strategic flexibility

ZM Stock Risks: Zoom Communications, Inc. Investment Risks

Claude
  • ! Slowing revenue growth of 4.4% YoY is below industry norms for enterprise software and signals market maturation
  • ! Critically low ROE of 4.3% and ROA of 3.5% despite high profitability indicate inefficient capital deployment or balance sheet excess
  • ! Competitive pressures in video conferencing and collaboration markets may constrain pricing and market share

Key Metrics to Watch

Claude
  • * Quarterly revenue growth trajectory and acceleration back above 5%
  • * Return on Equity and return on Assets improvement reflecting better capital utilization
  • * Operating cash flow sustainability and working capital dynamics as revenue normalizes

Zoom Communications, Inc. (ZM) Financial Metrics & Key Ratios

Revenue
$1.2B
Net Income
$425.7M
EPS (Diluted)
$1.42
Free Cash Flow
$500.5M
Total Assets
$12.2B
Cash Position
$890.9M

💡 AI Analyst Insight

The 40.4% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. Strong liquidity with a 4.22x current ratio provides a solid financial cushion.

ZM Profit Margin, ROE & Profitability Analysis

Gross Margin 77.9%
Operating Margin 25.1%
Net Margin 34.4%
ROE 4.3%
ROA 3.5%
FCF Margin 40.4%

ZM vs Technology Sector: How Zoom Communications, Inc. Compares

How Zoom Communications, Inc. compares to Technology sector averages

Net Margin
ZM 34.4%
vs
Sector Avg 18.0%
ZM Sector
ROE
ZM 4.3%
vs
Sector Avg 22.0%
ZM Sector
Current Ratio
ZM 4.2x
vs
Sector Avg 2.5x
ZM Sector
Debt/Equity
ZM 0.0x
vs
Sector Avg 0.5x
ZM Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Zoom Communications, Inc. Stock Overvalued? ZM Valuation Analysis 2026

Based on fundamental analysis, Zoom Communications, Inc. has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
4.3%
Sector avg: 22%
Net Profit Margin
34.4%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.00x
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Zoom Communications, Inc. Balance Sheet: ZM Debt, Cash & Liquidity

Current Ratio
4.22x
Quick Ratio
4.22x
Debt/Equity
0.00x
Debt/Assets
18.0%
Interest Coverage
N/A
Long-term Debt
N/A

ZM Revenue & Earnings Growth: 5-Year Financial Trend

ZM 5-year financial data: Year 2022: Revenue $4.1B, Net Income $25.3M, EPS $0.09. Year 2023: Revenue $4.4B, Net Income $672.3M, EPS $2.25. Year 2024: Revenue $4.5B, Net Income $1.4B, EPS $4.50. Year 2025: Revenue $4.7B, Net Income $103.7M, EPS $0.34. Year 2026: Revenue $4.9B, Net Income $637.5M, EPS $2.07.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Zoom Communications, Inc.'s revenue has grown significantly by 19% over the 5-year period, indicating strong business expansion. The most recent EPS of $2.07 reflects profitable operations.

ZM Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
40.4%
Free cash flow / Revenue

ZM Quarterly Earnings & Performance

Quarterly financial performance data for Zoom Communications, Inc. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2027 $1.2B $254.6M $0.81
Q3 2026 $1.2B $207.1M $0.66
Q2 2026 $1.2B $219.0M $0.70
Q1 2026 $1.1B $216.3M $0.69
Q3 2025 $1.1B $141.2M $0.45
Q2 2025 $1.1B $182.0M $0.59
Q1 2025 $1.1B $15.4M $0.05
Q3 2024 $1.1B $48.4M $0.16

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Zoom Communications, Inc. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$521.6M
Cash generated from operations
Stock Buybacks
$361.7M
Shares repurchased (TTM)
Capital Expenditures
$21.1M
Investment in assets
Dividends
None
No dividend program

ZM SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Zoom Communications, Inc. (CIK: 0001585521)

📋 Recent SEC Filings

Date Form Document Action
Jun 3, 2026 4 xslF345X06/wk-form4_1780520198.xml View →
May 22, 2026 10-Q zm-20260430.htm View →
May 21, 2026 8-K zm-20260521.htm View →
May 6, 2026 4 xslF345X06/wk-form4_1778102851.xml View →
May 5, 2026 4 xslF345X06/wk-form4_1778021016.xml View →

Frequently Asked Questions about ZM

What is the AI rating for ZM?

Zoom Communications, Inc. (ZM) has an AI grade of A with 76% confidence, based on fundamental analysis of SEC EDGAR filings.

What are ZM's key strengths?

Claude: Exceptional net margin of 34.4% demonstrates pricing power and operational efficiency in SaaS model. Outstanding free cash flow generation of $500.5M (40.4% margin) with minimal capital requirements.

What are the risks of investing in ZM?

Claude: Slowing revenue growth of 4.4% YoY is below industry norms for enterprise software and signals market maturation. Critically low ROE of 4.3% and ROA of 3.5% despite high profitability indicate inefficient capital deployment or balance sheet excess.

What is ZM's revenue and growth?

Zoom Communications, Inc. reported revenue of $1.2B.

Does ZM pay dividends?

Zoom Communications, Inc. does not currently pay dividends.

Where can I find ZM SEC filings?

Official SEC filings for Zoom Communications, Inc. (CIK: 0001585521) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is ZM's EPS?

Zoom Communications, Inc. has a diluted EPS of $1.42.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is ZM's fundamental grade?

Based on our AI fundamental analysis in June 2026, Zoom Communications, Inc. has a A grade with 76% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is ZM stock overvalued or undervalued?

Valuation metrics for ZM: ROE of 4.3% (sector avg: 22%), net margin of 34.4% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

What is ZM's AI grade for 2026?

Our dual AI analysis gives Zoom Communications, Inc. a combined A grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is ZM's free cash flow?

Zoom Communications, Inc.'s operating cash flow is $521.6M, with capital expenditures of $21.1M. FCF margin is 40.4%.

How does ZM compare to other Technology stocks?

Vs Technology sector averages: Net margin 34.4% (avg: 18%), ROE 4.3% (avg: 22%), current ratio 4.22 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 23, 2026 | Data as of: 2026-04-30 | Powered by Claude AI