NASDAQ$ZM

Zoom Video Communications Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Zoom's Q4 2020 earnings showcased strong revenue growth and profitability.

Zoom Video Communications reported a strong fourth quarter with a 78% increase in total revenue, reaching $188.3 million. The company also saw significant growth in customers with more than 10 employees and those contributing over $100,000 in TTM revenue. GAAP income from operations was $10.6 million, and non-GAAP income from operations was $38.4 million.

  • Total revenue increased by 78% year-over-year to $188.3 million.
  • GAAP income from operations rose by 92% year-over-year to $10.6 million.
  • Non-GAAP income from operations increased by 292% year-over-year to $38.4 million.
  • Customers with more than 10 employees grew by 61% year-over-year.

Headline financials

Total Revenue

$188M

Previous: $106M+77.9%
EPS (adj)

$0.15

Previous: $0.02+579.0%
Customers >$100k TTM

641

Previous: 345+85.8%
Net Dollar Expansion Rate

130.0%

No prior period
Capital Expenditures

$9.95M

No prior period
Free Cash Flow

$26.6M

No prior period
Net Income

$15.3M

Previous: $5.7M+168.6%
Operating Income

$10.6M

Previous: $5.49M+93.0%
Gross Profit

$156M

Previous: $86.3M+80.5%
Cash & Equivalents

$283M

No prior period
Total Assets

$1.29B

No prior period
Stock-Based Comp

$26.6M

No prior period

Revenue & EPS history

Zoom · Revenue · Quarterly

$188M

Q4 2020+77.9%vs Q4 2019
Beat estimate in 10 of 11 quarters(91%)
ActualEstimate

Revenue by segment

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

  • Enterprise
    $756M
  • Online
    $483M

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 Q4 2020

Historical avgQ4 2020

+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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