TTM
24.2%
YoY change
+5.65pp
Trough year (2018)
-3.2%
Peak year (2022)
25.9%
Latest annual
23.1%
Operating Margin history chart for Zoom Communications (ZM) from 2017 to 2026
Latest: 23.1%
Operating Margin change chart for Zoom Communications (ZM) from 2017 to 2026
Latest: +5.65pp
Operating Margin history table for Zoom Communications (ZM) from 2017 to 2026
| 2026 | 23.1% | +5.65pp | ||
| 2025 | 17.4% | +5.83pp | ||
| 2024 | 11.6% | +6.02pp | ||
| 2023 | 5.6% | -20.36pp | ||
| 2022 | 25.9% | +1.06pp | ||
| 2021 | 24.9% | +22.85pp | ||
| 2020 | 2.0% | +0.17pp | ||
| 2019 | 1.9% | +5.06pp | ||
| 2018 | -3.2% | -3.19pp | ||
| 2017 | 0.0% | — |
- 202623.1%+5.65pp
- 202517.4%+5.83pp
- 202411.6%+6.02pp
- 20235.6%-20.36pp
- 202225.9%+1.06pp
- 202124.9%+22.85pp
- 20202.0%+0.17pp
- 20191.9%+5.06pp
- 2018-3.2%-3.19pp
- 20170.0%—
Operating Margin values are taken from Zoom Communications's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Zoom Communications (ZM)
According to Zoom Communications's latest reported financial statements, the company's latest reported operating margin is 24.2%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2026, Zoom Communications (ZM) operating margin totalled 23.08% – expanded 5.6 percentage points year-over-year.
The record annual operating margin stands at 25.94%, reached in 2022; the historical low of -3.19% was recorded in 2018.
Zoom Communications Operating Margin by Year
Zoom Communications Operating Margin 2026: 23.1%
Zoom Communications posted operating margin of 23.08% in 2026, expanded 5.6 percentage points from 2025.
Zoom Communications Operating Margin 2025: 17.4%
In 2025, Zoom Communications reported operating margin of 17.43%, expanded 5.8 percentage points from 2024.
Zoom Communications Operating Margin 2024: 11.6%
Zoom Communications operating margin in 2024 was 11.60%, expanded 6.0 percentage points from 2023.
Zoom Communications Operating Margin 2023: 5.6%
2023's operating margin for Zoom Communications came in at 5.59%, contracted 20.4 percentage points from 2022.
Zoom Communications Operating Margin 2022: 25.9%
Zoom Communications operating margin in 2022 was 25.94%.
See more financial history for Zoom Communications (ZM).
Sector peers by Operating Margin
Technology peers of Zoom Communications (ZM), ranked by their latest operating margin
| 64.0% | |
| 53.2% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 11.7% |
- 64.0%
- 53.2%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 11.7%
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