S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%
Zoom

ZM Q4 2026 Earnings

Reported Feb 25, 2026 at 4:06 PM ET · SEC Source

Q4 26 EPS

$1.44

BEAT +69.41%

Est. $0.85

Q4 26 Revenue

$1.25B

BEAT +0.60%

Est. $1.24B

vs S&P Since Q4 26

+21.7%

BEATING MARKET

ZM +26.2% vs S&P +4.5%

Full Year 2026 Results

FY 26 EPS

$5.92

MISS 0.88%

Est. $5.97

FY 26 Revenue

$4.87B

BEAT +0.15%

Est. $4.86B

Market Reaction

Did ZM Beat Earnings? Q4 2026 Results

Zoom delivered a standout fourth quarter for fiscal 2026, posting non-GAAP EPS of $1.44 against a consensus estimate of $0.85, a beat of 69.41%, while revenue of $1.25 billion edged past expectations by 0.60% and grew 5.3% year over year. The headlin… Read more Zoom delivered a standout fourth quarter for fiscal 2026, posting non-GAAP EPS of $1.44 against a consensus estimate of $0.85, a beat of 69.41%, while revenue of $1.25 billion edged past expectations by 0.60% and grew 5.3% year over year. The headline earnings outperformance was substantially shaped by $532.33 million in gains on strategic investments, though the underlying business also showed genuine momentum; Enterprise revenue climbed 7.1% to $757.30 million, and the company's large-customer cohort grew 9.3% to 4,468 accounts contributing more than $100,000 in trailing revenue. CEO Eric Yuan pointed to Zoom's Customer Experience segment, which posted accelerating high-double-digit growth, as a key strategic pillar, with paid AI featured in each of the top 10 CX deals in the quarter. At least one analyst firm has maintained a Buy rating on the stock with a $115 price target, reflecting continued confidence in the platform's direction. Looking ahead, Zoom guided fiscal 2027 revenue of $5.07 to $5.08 billion, crossing the $5 billion milestone for the first time.

Key Takeaways

  • • Enterprise revenue growth of 7.1% YoY driven by large customer acquisition
  • • 9.3% YoY growth in customers contributing more than $100,000 in trailing 12-month revenue
  • • Accelerating adoption of Zoom Customer Experience with embedded AI
  • • Revenue growth acceleration of 130 basis points in FY26 to 4.4%

ZM Forward Guidance & Outlook

For Q1 FY2027, Zoom expects total revenue of $1.220–$1.225 billion, non-GAAP operating income of $487.0–$492.0 million, and non-GAAP diluted EPS of $1.40–$1.42 on approximately 304 million diluted shares. For full fiscal year 2027, the company expects total revenue of $5.065–$5.075 billion, non-GAAP operating income of $2.050–$2.060 billion, non-GAAP diluted EPS of $5.77–$5.81 on approximately 308 million diluted shares, and free cash flow of $1.700–$1.740 billion. The company expects to surpass the $5 billion revenue milestone in FY27. EPS and share count guidance excludes any impact from $1.0 billion of authorized share repurchase remaining as of January 31, 2026.

24/7 Wall St

ZM YoY Financials

Q4 2026 vs Q4 2025, source: SEC Filings

24/7 Wall St

ZM Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 26 Q4 26

“In FY26, revenue growth accelerated 130 basis points to 4.4%, reflecting the growing adoption of Zoom as a system of action for modern work. As work increasingly starts in conversations, customers are choosing Zoom to turn those conversations into completed workflows across customer-facing and internal use cases. In Q4, we saw accelerating, high-double-digit growth in Zoom Customer Experience, with paid AI included in each of our top 10 CX deals, underscoring the value of live context and automated follow-through. As we enter FY27, we expect to surpass the $5 billion revenue milestone and remain focused on delivering durable, profitable growth and long-term shareholder returns.”

— Eric S. Yuan, Q4 2026 Earnings Press Release

Back to ZM Stock Page