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Zoom Communications (ZM) operating margin by quarter

Zoom Communications' operating margin was 24.6% in Q2 FY27 (second quarter fiscal 2027), -0.4 pts from Q1 FY27. Over the last 7 quarters it ranged from 19.0% (Q4 FY25) to 26.4% (Q2 FY26).

Zoom Communications operating margin by quarterZoom Communications operating margin by quarter19.0%Q4 FY2520.6%Q1 FY2626.4%Q2 FY2625.2%Q3 FY2620.0%Q4 FY2625.1%Q1 FY2724.6%Q2 FY27
QuarterOperating marginQ/QY/Y
Q2 FY2724.6%-0.4 pts-1.8 pts
Q1 FY2725.1%+5.0 pts+4.5 pts
Q4 FY2620.0%-5.2 pts+1.0 pts
Q3 FY2625.2%-1.2 pts—
Q2 FY2626.4%+5.9 pts—
Q1 FY2620.6%+1.6 pts—
Q4 FY2519.0%——

Q2 FY27 at a glance

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

What is Zoom Communications' operating margin?

Zoom Communications' operating margin was 24.6% in Q2 FY27 (second quarter fiscal 2027), -0.4 pts from Q1 FY27.

How has Zoom Communications' operating margin changed?

Over the last 7 quarters it ranged from 19.0% (Q4 FY25) to 26.4% (Q2 FY26).

Q2 FY27 results → · How Zoom Communications makes money →