Filing Flows › Zoom Communications (ZM) › Q2 FY27 › vs Q2 FY26
Zoom Communications (ZM) Q2 FY27 vs Q2 FY26 (year over year)
Zoom Communications's revenue rose $60.0M (+5%) from $1.2B in Q2 FY26 to $1.3B in Q2 FY27. Gross margin 77.2% against 77.6% (-0.4 pts).
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 draws each line against Q2 FY26, the increases inside each band.
Margins
| Q2 FY27 | Q2 FY26 | Change | |
|---|---|---|---|
| Gross margin | 77.2% | 77.6% | -0.4 pts |
| Operating margin | 24.6% | 26.4% | -1.8 pts |
| Net margin | 120.8% | 29.5% | +91.3 pts |
| Free cash flow margin | 37.0% | 41.7% | -4.7 pts |
Every line
| Line | Q2 FY27 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $1.3B | $1.2B | $60.0M | +5% |
| Gross profit | $985M | $944M | $41.4M | +4% |
| Cost of revenue | $292M | $273M | $18.6M | +7% |
| Other income, net | $1.7B | $126M | $1.6B | 13× |
| Operating profit | $314M | $322M | −$7.4M | -2% |
| Operating expenses | $671M | $622M | $48.9M | +8% |
| Pre-tax earnings | $2.0B | $448M | $1.5B | +345% |
| Research & development | $242M | $206M | $36.0M | +17% |
| Sales & marketing | $331M | $339M | −$8.5M | -2% |
| General & admin | $98.2M | $76.9M | $21.3M | +28% |
| Net earnings | $1.5B | $359M | $1.2B | +330% |
| Income tax | $453M | $89.6M | $363M | +405% |
| Depreciation & amortization | $32.3M | $32.2M | $168K | +0.5% |
| Share-based compensation | $180M | $189M | −$8.9M | -5% |
| Working capital & other | $1.3B | $63.5M | $1.2B | 20× |
| Operating cash flow | $495M | $516M | −$21.2M | -4% |
| Free cash flow (company-reported) | $472M | $508M | −$35.6M | -7% |
| Purchases of property and equipment | $22.4M | $8.0M | $14.4M | +181% |
Questions
How much did Zoom Communications's revenue grow year over year in Q2 FY27?
Zoom Communications's revenue rose $60.0M (+5%) from $1.2B in Q2 FY26 to $1.3B in Q2 FY27. Gross margin 77.2% against 77.6% (-0.4 pts).