Filing Flows › Zoom Communications (ZM) › Q4 FY26
Zoom Communications (ZM) Q4 FY26 earnings results (fourth quarter fiscal 2026)
10-K filed Feb 27, 2026
Zoom Communications (ZM) reported revenue of $1.2B for the fourth quarter fiscal 2026 (Q4 FY26), +5% from a year earlier and +1% from the quarter before. Operating margin was 20.0%, net earnings $674M (54.1% of revenue).
Zoom Communications, Q4 FY26: revenue $1.2B (+5% year over year), operating margin 20.0%, net earnings $674M, operating cash flow $355M. The chart follows the revenue to costs, profit and cash.
| Q4 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.2B | +1% | +5% |
| Gross profit | $951M | -0.7% | +6% |
| Operating profit | $250M | -19% | +11% |
| Net earnings | $674M | +10% | +83% |
| Operating cash flow | $355M | -44% | -16% |
| Free cash flow | $338M | — | -19% |
What changed
Revenue was $1.2B in Q4 FY26, up 5% year over year and up 1% from the previous quarter.
Gross margin was 76.3%, up 0.6 points from Q4 FY25. Operating profit was $0.25B, a 20.0% margin (up 1.0 points year over year). Of the extra revenue versus Q4 FY25, 40% reached operating profit, above the 19% margin then. Operating expenses grew 4% against revenue growth of 5%. The fastest-growing cost line was General & admin (+24%). Net earnings were $0.67B, up 83% year over year. The effective tax rate was 21.9%. Non-operating items added $0.61B, 71% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $0.35B (down 16% year over year), 53% 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 $0.54B. After purchases of property and equipment ($0.02B), free cash flow as the company reports it was $0.34B.
Questions
What was Zoom Communications' revenue in the fourth quarter fiscal 2026?
Zoom Communications (ZM) reported revenue of $1.2B for the fourth quarter fiscal 2026 (Q4 FY26), +5% from a year earlier and +1% from the quarter before.
Was Zoom Communications profitable in the fourth quarter fiscal 2026?
Operating profit was $250M (20.0% of revenue) and net earnings $674M.