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Where the tokens are
Trade ZM perpsStandardised from the company’s filings, newest period first, labelled with the company’s own fiscal calendar. A line the company does not report is left off rather than shown as zero; margins and free cash flow are worked out here, and only where every input is present.
| Line item | Q2 FY272026-07-31 | Q1 FY272026-04-30 | Q4 FY262026-01-31 | Q3 FY262025-10-31 | Q2 FY262025-07-31 | Q1 FY262025-04-30 | Q4 FY252025-01-31 | Q3 FY252024-10-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.28B | $1.24B | $1.25B | $1.23B | $1.22B | $1.17B | $1.18B | $1.18B |
| Cost of revenue | $291.72M | $274.29M | $295.70M | $271.77M | $273.17M | $278.40M | $287.36M | $283.88M |
| Gross profit | $985.50M | $964.72M | $951.29M | $958.07M | $944.06M | $896.31M | $896.78M | $893.66M |
| Gross margin | 77.2% | 77.9% | 76.3% | 77.9% | 77.6% | 76.3% | 75.7% | 75.9% |
| Research and development | $242.50M | $227.93M | $222.92M | $210.10M | $206.45M | $205.42M | $217.12M | $222.98M |
| Selling, general and administrative | $428.68M | $426.32M | $478.49M | $437.55M | $415.88M | $449.31M | $454.60M | $487.84M |
| Operating expenses | $671.18M | $654.25M | $701.40M | $647.65M | $622.33M | $654.72M | $671.72M | $710.82M |
| Operating income | $314.32M | $310.47M | $249.89M | $310.41M | $321.74M | $241.59M | $225.06M | $182.84M |
| Operating margin | 24.6% | 25.1% | 20.0% | 25.2% | 26.4% | 20.6% | 19.0% | 15.5% |
| EBITDA | $346.65M | $343.25M | $72.07M | $414.02M | $353.90M | $276.91M | $48.61M | $286.36M |
| Interest income | $0 | $0 | $81.43M | $78.24M | $0 | $0 | $74.90M | $91.25M |
| Interest expense | $0 | $68.85M | $0 | — | $0 | $87.79M | $0 | — |
| Income before taxes | $1.99B | $531.62M | $863.65M | $794.71M | $448.16M | $315.77M | $450.32M | $280.41M |
| Income taxes | $452.52M | $105.94M | $189.57M | $181.84M | $89.57M | $61.16M | $82.45M | $73.36M |
| Net income | $1.54B | $425.68M | $674.08M | $612.87M | $358.59M | $254.60M | $367.87M | $207.05M |
| Net margin | 120.8% | 34.4% | 54.1% | 49.8% | 29.5% | 21.7% | 31.1% | 17.6% |
| EPS, basic | $5.27 | $1.45 | $2.27 | $2.05 | $1.19 | $0.84 | $1.20 | $0.67 |
| EPS, diluted | $5.15 | $1.42 | $2.22 | $2.01 | $1.16 | $0.81 | $1.16 | $0.66 |
| Diluted shares | 299.75M | 300.23M | 303.30M | 305.02M | 308.22M | 312.78M | 316.70M | 314.19M |
Figures describe Zoom Communications shares, not any token. As of Aug 26, 2026, from Massive's standardised financials. The company reports these figures; a token's issuer holds the shares and reports nothing of its own here.