NASDAQ$ZM
Zoom Video Communications Inc · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Zoom's Q1 2023 financial results were released, demonstrating revenue growth and profitability.
Zoom Video Communications announced its financial results for the first quarter of fiscal year 2023, with total revenue of $1,073.8 million, up 12% year over year. The company reported a GAAP operating margin of 17.4% and a non-GAAP operating margin of 37.2%. Net cash provided by operating activities was $526.2 million, representing a 49.0% margin.
- Total revenue for the first quarter reached $1,073.8 million, a 12% increase year over year.
- GAAP operating margin was 17.4%, while non-GAAP operating margin was 37.2%.
- Net cash provided by operating activities amounted to $526.2 million, a 49.0% margin.
- The number of customers contributing more than $100,000 in trailing 12 months revenue increased by 46% year over year.
Headline financials
Revenue & EPS history
Zoom · Revenue · Quarterly
$1.07B
Revenue by segment
Zoom · $1.24B total across 2 segments · Q1 2027
- Enterprise$756M—61.0%
- Online$483M—39.0%
Forward guidance
Zoom provided guidance for the second quarter and full fiscal year 2023.
Tailwinds
- Second quarter revenue is expected to be between $1.115 billion and $1.120 billion.
- Second quarter non-GAAP income from operations is expected to be between $360.0 million and $365.0 million.
- Second quarter non-GAAP diluted EPS is expected to be between $0.90 and $0.92.
- Full fiscal year revenue is expected to be between $4.530 billion and $4.550 billion.
- Full fiscal year non-GAAP income from operations is expected to be between $1.480 billion and $1.500 billion.
Headwinds
- A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis.
- The unavailability is due to the uncertainty of expenses that may be incurred in the future.
- These factors could be material to Zoom's results computed in accordance with GAAP.
- The guidance is subject to numerous uncertainties and risks, including factors beyond Zoom's control.
- These risks could cause actual results, performance or achievement to differ materially and adversely from those anticipated.
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 2023
+2.5%
Avg return
Earnings day
+0.6%
Avg return
5 days after
+1.6%
Avg return
30 days after
42%
13 / 31 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 | — | — | — | |
| 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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