NASDAQ$ZM
Zoom Video Communications Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Zoom's Q3 2022 financial results were released, showing revenue growth and strong customer acquisition.
Zoom Video Communications announced its Q3 fiscal year 2022 results, with total revenue reaching $1,050.8 million, a 35% increase year-over-year. The company reported a GAAP operating margin of 27.7% and a non-GAAP operating margin of 39.1%. Zoom is projecting full fiscal year revenue between $4.079 billion and $4.081 billion.
- Total revenue for Q3 reached $1,050.8 million, up 35% year-over-year.
- GAAP income from operations was $290.9 million, increasing from $192.2 million in Q3 2021.
- GAAP net income attributable to common stockholders was $340.3 million, or $1.11 per share.
- Zoom had 2,507 customers contributing more than $100,000 in TTM revenue, a 94% increase year-over-year.
Headline financials
Revenue & EPS history
Zoom · Revenue · Quarterly
$1.05B
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 Q4 2022 and full fiscal year 2022. They expect Q4 revenue between $1.051 billion and $1.053 billion. Full year revenue is projected between $4.079 billion and $4.081 billion.
Tailwinds
- Total revenue is expected to be between $1.051 billion and $1.053 billion for Q4 2022
- Non-GAAP income from operations is expected to be between $361.0 million and $363.0 million for Q4 2022
- Non-GAAP diluted EPS is expected to be between $1.06 and $1.07 for Q4 2022
- Total revenue is expected to be between $4.079 billion and $4.081 billion for full fiscal year 2022
- Non-GAAP income from operations is expected to be between $1.598 billion and $1.600 billion for full fiscal year 2022
Headwinds
- A reconciliation of non-GAAP guidance measures to corresponding GAAP measures is not available on a forward-looking basis
- Uncertainty of expenses that may be incurred in the future
- These factors could be material to Zoom's results computed in accordance with GAAP
- Potential effect on our user growth rate once the impact of the COVID-19 pandemic tapers
- Users return to work or school or are otherwise no longer subject to limitations on in-person meetings
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 Q3 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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