Company: ZM
Filing Date: 2025-05-23
Form Type: 10-Q
Source: 0001585521-25-000090
Chunk: 260

Company: Zoom Communications, Inc.
Filing Date: 2025-05-23
Form: 10-Q
Item: Part I, Item 1
Chunk 260
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 The mandatory capitalization requirement increases our cash tax liabilities but also decreases our effective tax rate due to increasing the foreign-derived intangible income deduction. The cash flow impact will decrease over time as capitalized research and development expenditures continue to amortize. 

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9.    Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share for the periods presented:Three Months Ended April 30,20252024Class AClass BClass AClass B(in thousands, except share and per share data)Numerator:Net income, basic$219,213 $35,390 $184,070 $32,238 Reallocation of net income(634)634 (1,292)1,292 Net income, diluted$218,579 $36,024 $182,778 $33,530 Denominator:Weighted-average shares used in computing net income per share, basic262,526,502 42,382,150 262,693,481 46,007,101 Weighted-average shares used in computing net income per share, diluted268,527,554 44,256,307 266,476,843 48,883,835 Net income per share, basic$0.84 $0.84 $0.70 $0.70 Net income per share, diluted$0.81 $0.81 $0.69 $0.69 The potential shares of common stock that were excluded from the computation of diluted net income per share for the periods presented, because including them would have been anti-dilutive, are as follows:Three Months Ended April 30,20252024Class AClass BClass AClass BUnvested RSUs2,262,575 — 10,342,542 — Purchase rights committed under the ESPP211,765 — 1,040,285 — Outstanding stock options91,637 — 102,354 — Total2,565,977 — 11,485,181 — The table above does not include 405,156 shares of issued Class A common stock held by us as of April 30, 2025 and 2024 that are reserved for the sole purpose of being transferred to nonprofit organizations.

10.    Segment information

Our CEO is the Chief Operating Decision Maker (“CODM”) of the Company. The Company manages the business