Filing Flows › Zoom Communications (ZM) › Guidance history
Zoom Communications (ZM) guidance history: what it guided and what it reported
Zoom Communications gave guidance in 12 earnings releases on file since Nov 20, 2023. Of 10 guided periods since reported, it met or beat its own guidance 10 times (100%). Revenue: 9 of 9, on average +0.9% against the guided midpoint. Its releases raised guidance twice and lowered it 0 times.
Revenue
Met or beat 9 of 9 periods (8 above, 1 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| Q3 FY27 | $1.3B–$1.3B (Aug 25, 2026) | — | to be reported | — |
| Q2 FY27 | $1.3B–$1.3B (May 21, 2026) | $1.3B | above the range | +0.8% |
| Q1 FY27 | $1.2B–$1.2B (Feb 25, 2026) | $1.2B | above the range | +1.4% |
| FY27 | $5.1B–$5.1B (Feb 25, 2026) → raised $5.1B–$5.1B (May 21, 2026) → reaffirmed $5.1B–$5.1B (Aug 25, 2026) | — | to be reported | — |
| Q4 FY26 | $1.2B–$1.2B (Nov 24, 2025) | $1.2B | above the range | +1.2% |
| FY26 | $4.8B–$4.8B (Feb 24, 2025) → raised $4.8B–$4.8B (May 21, 2025) → raised $4.8B–$4.8B (Aug 21, 2025) → raised $4.9B–$4.9B (Nov 24, 2025) | $4.9B | above the range | +0.3% |
| Q3 FY26 | $1.2B–$1.2B (Aug 21, 2025) | $1.2B | above the range | +1.4% |
| Q2 FY26 | $1.2B–$1.2B (May 21, 2025) | $1.2B | above the range | +1.6% |
| Q1 FY26 | $1.2B–$1.2B (Feb 24, 2025) | $1.2B | above the range | +0.9% |
| Q4 FY25 | $1.2B–$1.2B (Nov 25, 2024) | $1.2B | above the range | +0.6% |
GAAP operating margin
Met or beat 1 of 1 periods (1 above, 0 within, 0 below).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | 23.1% (Feb 25, 2026) | — | to be reported | — |
| FY26 | 17.4% (Feb 24, 2025) | 23.1% | above the range | +5.7 pts |
Adjusted operating income
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $487M–$492M (Feb 25, 2026) → raised $508M–$513M (May 21, 2026) → raised $510M–$515M (Aug 25, 2026) | — | to be reported | — |
| FY26 | $440M–$445M (Feb 24, 2025) → raised $460M–$465M (May 21, 2025) → raised $465M–$470M (Aug 21, 2025) → raised $477M–$482M (Nov 24, 2025) | — | — | — |
| FY25 | $410M–$415M (Feb 26, 2024) → raised $415M–$420M (May 20, 2024) → raised $438M–$443M (Aug 21, 2024) → raised $443M–$448M (Nov 25, 2024) | — | — | — |
| FY24 | $409M–$414M (Nov 20, 2023) | — | — | — |
Operating cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $1.9B (Feb 24, 2025) | $2.0B (GAAP) | not judged | — |
| FY25 | $1.6B (Feb 26, 2024) | $1.9B (GAAP) | not judged | — |
Free cash flow
The GAAP figure from the filings is shown for each period reported; it is not judged against the guide, which may leave items out (one-off payments, acquisitions).
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY27 | $1.7B–$1.7B (Feb 25, 2026) → reaffirmed $1.7B–$1.7B (May 21, 2026) → raised $1.8B–$1.8B (Aug 25, 2026) | — | to be reported | — |
| FY26 | $1.7B–$1.7B (Feb 24, 2025) → reaffirmed $1.7B–$1.7B (May 21, 2025) → raised $1.9B–$1.9B (Nov 24, 2025) | $1.9B (GAAP) | not judged | — |
| FY25 | $1.4B–$1.5B (Feb 26, 2024) → raised $1.6B–$1.6B (Aug 21, 2024) → reaffirmed $1.6B–$1.6B (Nov 25, 2024) | $1.8B (GAAP) | not judged | — |
Adjusted free cash flow
The guide is on an adjusted basis that the GAAP statements do not show, so there is no reported figure to hold it to.
| Period | Guided (and how it moved) | Reported | Result | vs midpoint |
|---|---|---|---|---|
| FY26 | $1.7B–$1.8B (Aug 21, 2025) | — | — | — |
| FY24 | $1.3B–$1.4B (Nov 20, 2023) | — | — | — |
The latest quarter
Zoom Communications, Q2 FY27: revenue $1.3B (+5% year over year), operating margin 24.6%, net earnings $1.5B, operating cash flow $495M. The chart follows the revenue to costs, profit and cash.
Questions
Does Zoom Communications beat its guidance?
Zoom Communications gave guidance in 12 earnings releases on file since Nov 20, 2023. Of 10 guided periods since reported, it met or beat its own guidance 10 times (100%). Revenue: 9 of 9, on average +0.9% against the guided midpoint.
How often does Zoom Communications raise guidance?
Its earnings releases raised guidance twice and lowered it 0 times since Nov 20, 2023.
Each guided period is held to the last guidance given before its figures were reported; a single figure counts as in line within 1% (0.25 pts for a rate). Reported figures are GAAP, from the company's filings; adjusted guidance shows its moves only.