Company: ZM
Filing Date: 2025-05-23
Form Type: 10-Q
Source: 0001585521-25-000090
Chunk: 247

Company: Zoom Communications, Inc.
Filing Date: 2025-05-23
Form: 10-Q
Item: Part I, Item 1
Chunk 247
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. “Summary of Business and Significant Accounting Policies” in the notes to consolidated financial statements included in our Annual Report on Form 10-K for the year ended January 31, 2025, filed with the SEC on February 28, 2025. There have been no significant changes to these policies during the three months ended April 30, 2025.Recent Accounting Pronouncements Not Yet AdoptedIn December 2023, the FASB issued ASU No. 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which aims to improve the transparency of income tax disclosures by requiring consistent categories and greater disaggregation of information in the rate reconciliation and income taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024 and early adoption is permitted. We are currently evaluating the impact of the adoption of this ASU on our consolidated financial statements.

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In November 2024, the FASB issued ASU No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses, which aims to improve financial reporting by requiring additional disclosure about specific expense categories in the notes to financial statements at interim and annual reporting periods. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of the adoption of this ASU on our consolidated financial statements.

2.    Revenue Recognition

Disaggregation of RevenueThe following table summarizes revenue by region based on the billing address of customers:Three Months Ended April 30,20252024AmountPercentage ofRevenueAmountPercentage ofRevenue(in thousands, except percentages)Americas$847,696 72.2 %$818,683 71.7 %Asia Pacific (“APAC”)141,770 12.1 138,314 12.1 Europe, Middle East, and Africa (“EMEA”)185,249 15.7 184,237 16.2 Total$1,174,715 100.0 %$1,141,234 100.0 %Contract BalancesWe receive payments from customers based on a billing schedule as established in our customer contracts. Accounts receivable are recorded when