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Snap vs Zoom Communications: SNAP and ZM compared
Snap is the larger company: $1.7B of revenue in its latest quarter (Q3 2026) against $1.3B for Zoom Communications (Q2 FY27). Snap is growing faster (+14% against +5% a year earlier). Zoom Communications is more profitable, with an operating margin of 24.6% against 4.5%.
Where the money goes: SNAP and ZM
Snap (SNAP) · Q3 2026
Snap, Q3 2026: revenue $1.7B (+14% year over year), operating margin 4.5%, net earnings $56.5M, operating cash flow $210M. 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.
| Snap (SNAP) | Zoom Communications (ZM) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 FY27 |
| Revenue | $1.7B | $1.3B |
| Revenue growth, Y/Y | +14% | +5% |
| Gross margin | — | 77.2% |
| Operating margin | 4.5% | 24.6% |
| Net earnings | $56.5M | $1.5B |
| Net margin | 3.3% | 120.8% |
| Operating cash flow | $210M | $495M |
| Free cash flow | $164M | $472M |
| Market value | $8.6B | $27.0B |
| P/E | — | 8.3× |
| Analysts’ mean target | $7.10 | $118.58 |
Where the revenue comes from
Snap
- Advertising revenue: $1.4B (80%)
- Other revenue: $350M (20%)
Questions
Which is bigger, Snap or Zoom Communications?
Snap is the larger company: $1.7B of revenue in its latest quarter (Q3 2026) against $1.3B for Zoom Communications (Q2 FY27).
Is Snap or Zoom Communications growing faster?
Snap is growing faster (+14% against +5% a year earlier).
Which is more profitable, Snap or Zoom Communications?
Zoom Communications is more profitable, with an operating margin of 24.6% against 4.5%.
More: Snap earnings · how Snap 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 5, 2026; 10-Q filed Aug 26, 2026). Fiscal quarters can end on different dates. Not investment advice.