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.
ZM YoY Financials
Q4 2026 vs Q4 2025, source: SEC Filings
ZM Revenue by Segment
With YoY comparisons, source: SEC Filings
“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
ZM Earnings Trends
ZM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ZM EPS Trend
Earnings per share: estimate vs actual
ZM Revenue Trend
Quarterly revenue: estimate vs actual
ZM Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 26 BEAT FY | $0.85 | $1.44 | +69.41% | $1.25B | +0.60% |
| FY Full Year | $5.97 | $5.92 | -0.88% | $4.87B | +0.15% |
| Q3 26 BEAT | $1.44 | $1.52 | +5.76% | $1.23B | +1.35% |
| Q2 26 BEAT | $1.38 | $1.53 | +11.02% | $1.22B | +1.58% |
| Q1 26 BEAT | $1.31 | $1.43 | +9.54% | $1.17B | +0.74% |