NASDAQ$ZM

Zoom Video Communications Inc · Q1 2026 earnings

Q1 2026 earnings · · After market close · Investor relations

Briefing

Zoom reported Q1 fiscal 2026 revenue of $1.17B with net income of $254.6M and diluted EPS of $0.81.

Revenue was $1.17 billion as enterprise and AI-powered collaboration offerings expanded. Net income was $254.6 million; diluted EPS was $0.81 versus $0.69 a year ago. Remaining performance obligations totaled $3.88 billion.

  • Q1 revenue $1.17B.
  • Net income $254.6M; diluted EPS $0.81.
  • Enterprise traction and AI features support ARPU.
  • RPO $3.88B provides revenue visibility.

Headline financials

Total Revenue

$1.17B

Previous: $1.14B+2.9%
EPS (adj)

$0.81

Previous: $0.69+17.4%
Customers >$100k TTM

4.2K

Previous: 3.9K+8.0%
Net Dollar Expansion Rate

98.0%

No prior period
Online Monthly Churn

2.8%

Previous: 3.2%-12.5%
Online 16mo+ MRR %

74.2%

Previous: 73.8%+0.5%
Capital Expenditures

-$25.9M

Previous: -$18.5M-40.0%
Net Income

$255M

Previous: $216M+17.7%
Operating Income

$242M

Previous: $203M+19.0%
Gross Profit

$896M

Previous: $868M+3.3%

Revenue & EPS history

Zoom · Revenue · Quarterly

$1.17B

Q1 2026+2.9%vs Q1 2025
Beat estimate in 14 of 15 quarters(93%)
ActualEstimate

Revenue by segment

Zoom · $1.24B total across 2 segments · Q1 2027

  • Enterprise
    $756M
  • Online
    $483M

Forward guidance

Software and platform outlook emphasizes consumption, ARR/RPO, and AI attach.

Tailwinds

  • Enterprise adoption and remaining performance obligations.
  • Platform consolidation and subscription mix.

Headwinds

  • Consumption volatility and competitive pricing.
  • SBC and investment spend weigh on GAAP profitability.

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 2026

Historical avgQ1 2026

+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

Earnings price reactions
QuarterReport dateReaction (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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