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AppLovin vs Zoom Communications: APP and ZM compared
AppLovin is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $1.3B for Zoom Communications (Q2 FY27). AppLovin is growing faster (+56% against +5% a year earlier). AppLovin is more profitable, with an operating margin of 78.2% against 24.6%.
Where the money goes: APP and ZM
AppLovin (APP) · Q3 2026
AppLovin, Q3 2026: revenue $2.2B (+56% year over year), operating margin 78.2%, net earnings $1.4B, operating cash flow $1.4B. The chart follows the revenue to costs, profit and cash.
Zoom Communications (ZM) · Q2 FY27
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.
| AppLovin (APP) | Zoom Communications (ZM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $2.2B | $1.3B |
| Revenue growth, Y/Y | +56% | +5% |
| Gross margin | — | 77.2% |
| Operating margin | 78.2% | 24.6% |
| Net earnings | $1.4B | $1.5B |
| Net margin | 65.9% | 120.8% |
| Operating cash flow | $1.4B | $495M |
| Free cash flow | $1.4B | $472M |
| Market value | $133.0B | $27.0B |
| P/E | 26.7× | 8.3× |
| Analysts’ mean target | $459.79 | $118.58 |
Questions
Which is bigger, AppLovin or Zoom Communications?
AppLovin is the larger company: $2.2B of revenue in its latest quarter (Q3 2026) against $1.3B for Zoom Communications (Q2 FY27).
Is AppLovin or Zoom Communications growing faster?
AppLovin is growing faster (+56% against +5% a year earlier).
Which is more profitable, AppLovin or Zoom Communications?
AppLovin is more profitable, with an operating margin of 78.2% against 24.6%.
More: AppLovin earnings · how AppLovin makes money · Zoom Communications earnings · how Zoom Communications makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-Q filed Aug 26, 2026). Fiscal quarters can end on different dates. Not investment advice.