NASDAQ$ZM
Zoom Video Communications Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Zoom's Q1 2022 financial results were released, showcasing substantial revenue growth and profitability.
Zoom Video Communications, Inc. reported a very strong first quarter with a 191% year-over-year increase in total revenue, alongside strong profitability and cash flow. The company is raising its full fiscal year guidance range to $3.975 billion to $3.990 billion.
- Total revenue for the first quarter was $956.2 million, up 191% year over year.
- GAAP income from operations for the first quarter was $226.3 million, up from $23.4 million in the first quarter of fiscal year 2021.
- GAAP net income attributable to common stockholders for the first quarter was $227.4 million, or $0.74 per share.
- Approximately 497,000 customers with more than 10 employees, up approximately 87% from the same quarter last fiscal year.
Headline financials
Revenue & EPS history
Zoom · Revenue · Quarterly
$956M
Revenue by segment
Zoom · $1.24B total across 2 segments · Q1 2027
- Enterprise$756M—61.0%
- Online$483M—39.0%
Forward guidance
Zoom is providing the following guidance for its second quarter fiscal year 2022 and its full fiscal year 2022. Total revenue is expected to be between $985.0 million and $990.0 million and non-GAAP income from operations is expected to be between $355.0 million and $360.0 million. Non-GAAP diluted EPS is expected to be between $1.14 and $1.15 with approximately 311 million non-GAAP weighted average shares outstanding. Total revenue is expected to be between $3.975 billion and $3.990 billion. Non-GAAP income from operations is expected to be between $1.425 billion and $1.440 billion. Non-GAAP diluted EPS is expected to be between $4.56 and $4.61 with approximately 311 million non-GAAP weighted average shares outstanding.
Tailwinds
- Total revenue is expected to be between $985.0 million and $990.0 million for Q2 2022.
- Non-GAAP income from operations is expected to be between $355.0 million and $360.0 million for Q2 2022.
- Non-GAAP diluted EPS is expected to be between $1.14 and $1.15 for Q2 2022.
- Total revenue is expected to be between $3.975 billion and $3.990 billion for full year 2022.
- Non-GAAP income from operations is expected to be between $1.425 billion and $1.440 billion for full year 2022.
Headwinds
- A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis without unreasonable effort due to the uncertainty of expenses that may be incurred in the future.
- Factors could be material to Zoom's results computed in accordance with GAAP.
- Declines in new customers and hosts.
- Competition from other providers of communications platforms.
- Continued uncertainty regarding the extent and duration of the impact of COVID-19 and the responses of government and private industry thereto.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2022
+2.7%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+1.3%
Avg return
30 days after
44%
14 / 32 earnings
Positive
+52.9%
Q2 2021
Best reaction
-18.3%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2027 | +9.3% | +3.4% | -10.6% | |
| Q4 2026 | -11.6% | -14.0% | -9.0% | |
| Q3 2026 | +9.8% | +8.1% | +11.7% | |
| Q2 2026 | +12.7% | +10.6% | +15.0% | |
| Q1 2026 | -0.1% | -4.1% | -5.2% | |
| Q4 2025 | -8.5% | -9.1% | -5.3% | |
| Q3 2025 | -2.9% | -3.7% | -0.2% | |
| Q2 2025 | +15.1% | +20.6% | +14.2% | |
| Q1 2025 | -0.5% | -1.8% | -12.4% | |
| Q4 2024 | +7.5% | +11.8% | +5.1% | |
| Q3 2024 | +2.8% | +0.6% | +9.0% | |
| Q2 2024 | -0.7% | +2.1% | +3.8% | |
| Q1 2024 | -5.4% | -4.5% | -3.5% | |
| Q4 2023 | +0.9% | -4.2% | -4.5% | |
| Q3 2023 | -5.5% | -7.6% | -14.3% | |
| Q2 2023 | -18.3% | -18.2% | -23.7% | |
| Q1 2023 | +5.1% | +23.0% | +28.3% | |
| Q4 2022 | -2.0% | -13.1% | -2.3% | |
| Q3 2022 | -17.8% | -12.4% | -23.1% | |
| Q2 2022 | -15.1% | -12.5% | -24.5% | |
| Q1 2022 | -1.3% | +1.3% | +16.6% | |
| Q4 2021 | -0.2% | -9.7% | -14.0% | |
| Q3 2021 | -13.8% | -13.1% | -25.1% | |
| Q2 2021 | +52.9% | +23.6% | +57.1% | |
| Q1 2021 | +9.7% | +1.7% | +28.2% | |
| Q4 2018 | +28.9% | +11.6% | +21.2% | |
| Q4 2020 | +6.4% | -3.2% | +9.1% | |
| Q3 2020 | -10.3% | -7.7% | -3.8% | |
| Q2 2018 | -1.1% | +3.7% | -12.5% | |
| Q2 2020 | -8.7% | -14.1% | -18.2% | |
| Q1 2018 | +28.4% | +29.4% | +15.7% | |
| Q1 2020 | +20.5% | +21.6% | +17.7% | |
| Q4 2019 | — | — | — | |
| Q3 2018 | — | — | — |
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