Company: ZM
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001585521-25-000141
Chunk: 276

Company: Zoom Communications, Inc.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 276
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1,217,227 $1,162,520 $2,391,942 $2,303,754 Cost of revenue (1)273,165 285,089 551,567 558,391 Gross profit944,062 877,431 1,840,375 1,745,363 Operating expenses:Research and development (1)206,447 206,756 411,863 412,314 Sales and marketing (1)338,995 358,770 685,965 706,778 General and administrative (1)76,885 109,535 179,220 220,879 Total operating expenses622,327 675,061 1,277,048 1,339,971 Income from operations321,735 202,370 563,327 405,392 Gains on strategic investments, net45,056 3,107 31,437 20,461 Other income, net81,371 87,412 169,163 159,000 Income before provision for income taxes448,162 292,889 763,927 584,853 Provision for income taxes89,570 73,874 150,732 149,530 Net income$358,592 $219,015 $613,195 $435,323 (1) Includes stock-based compensation expense as follows:Cost of revenue$24,222 $31,299 $51,649 $62,874 Research and development70,476 81,597 143,412 164,166 Sales and marketing63,094 84,225 131,527 161,459 General and administrative30,907 40,829 63,680 78,876 Total stock-based compensation expense$188,699 $237,950 $390,268 $467,375 

Three Months Ended July 31, Six Months Ended July 31, 2025202420252024(as a percentage of revenue)Revenue100.0 %100.0 %100.0 %100.0 %Cost of revenue22.4 24.5 23.1 24.2 Gross profit77.6 75.5 76.9 75.8 Operating expenses:Research and development17.0 17.8 17.2