Filing Flows › Zoom Communications (ZM) › Q3 FY26
Zoom Communications (ZM) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Nov 25, 2025
Zoom Communications (ZM) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +1% from the quarter before. Operating margin was 25.2%, net earnings $613M (49.8% of revenue).
Zoom Communications, Q3 FY26: revenue $1.2B (+4% year over year), operating margin 25.2%, net earnings $613M, operating cash flow $629M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +1% | +4% |
| Gross profit | $958M | +1% | +7% |
| Operating profit | $310M | -4% | +70% |
| Net earnings | $613M | +71% | +196% |
| Operating cash flow | $629M | +22% | +30% |
| Free cash flow | $614M | — | +34% |
What changed
Revenue was $1.2B in Q3 FY26, up 4% year over year and up 1% from the previous quarter.
Gross margin was 77.9%, up 2.0 points from a year earlier. Operating profit was $0.31B, a 25.2% margin (up 9.7 points year over year). Of the extra revenue versus a year earlier, 244% reached operating profit, above the 16% margin then. Operating expenses fell 9% while revenue rose 4%. Net earnings were $0.61B, up 196% year over year. The effective tax rate was 22.9%. Non-operating items added $0.48B, 61% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.63B (up 30% year over year), 103% of net earnings. Non-cash charges added back $0.03B of depreciation and amortization and $0.19B of share-based compensation. Working capital and other items used $0.20B. After purchases of property and equipment ($0.02B), free cash flow as the company reports it was $0.61B.
Questions
What was Zoom Communications' revenue in the third quarter fiscal 2026?
Zoom Communications (ZM) reported revenue of $1.2B for the third quarter fiscal 2026 (Q3 FY26), +4% from a year earlier and +1% from the quarter before.
Was Zoom Communications profitable in the third quarter fiscal 2026?
Operating profit was $310M (25.2% of revenue) and net earnings $613M.