Company: ZM
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001585521-25-000141
Chunk: 414

Company: Zoom Communications, Inc.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 2
Chunk 414
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Sales and Marketing

Six Months Ended July 31, 20252024% Change(in thousands)Sales and marketing$685,965 $706,778 (2.9)%

Sales and marketing expense for the six months ended July 31, 2025 decreased by $20.8 million, or 2.9%, compared to the six months ended July 31, 2024. The decrease in sales and marketing expense was primarily due to lower personnel-related 

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expenses, including a $29.9 million decrease in stock-based compensation, partially offset by costs to support our customer engagement and growth initiatives.

General and AdministrativeSix Months Ended July 31, 20252024% Change(in thousands)General and administrative$179,220 $220,879 (18.9)%

General and administrative expense for the six months ended July 31, 2025 decreased by $41.7 million, or 18.9%, compared to the six months ended July 31, 2024. The reduction was primarily driven by the reversal of a previous accrual of $18.0 million related to an SEC investigation and a $23.9 million decrease in personnel-related expenses, including a $15.2 million reduction in stock-based compensation.

Gains on Strategic Investments, Net

Six Months Ended July 31, 20252024% Change(in thousands) Gains on strategic investments, net$31,437 $20,461 53.6 %

Gains on strategic investments, net for the six months ended July 31, 2025 and July 31, 2024 were primarily driven by changes in the fair value of our publicly and privately held securities.

Other Income, NetSix Months Ended July 31, 20252024% Change(in thousands) Other income, net$169,163 $159,000 6.4 %

Other income, net for the six months ended July 31, 2025 increased by $10.2 million, or 6.4%, compared to the six months ended July 31, 2024. The increase was primarily due to a $13.0 million increase from changes in foreign currency exchange rates, partially offset by a $3.3 million decrease in investment yields from cash and marketable securities.

Provision for Income Taxes

Six Months Ended July 31, 20252024% Change(in thousands) Provision for income taxes$150,732