Company: ZM
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585521-25-000042
Chunk: 148

Company: Zoom Communications, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 8
Chunk 148
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 adopted the ASU as of February 1, 2024, and applied the amendments in this Update retrospectively to all prior periods presented in these financial statements. Our adoption resulted in the addition of a note to consolidated financial statements, “14. Segment Information.”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 from the adoption of this ASU on our consolidated financial statements.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 from the adoption of this ASU on our consolidated financial statements.

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Table of Contents

2.    Revenue Recognition

Disaggregation of RevenueThe following table summarizes revenue by region based on the billing address of customers:Year Ended January 31,202520242023AmountPercentage ofRevenueAmountPercentage ofRevenueAmountPercentage ofRevenue(in thousands, except percentages)Americas$3,351,286 71.8 %$3,228,914 71.3 %$3,054,172 69.5 %APAC571,443 12.2 %571,596 12.6 %590,512 13.4 %EMEA742,704 16.0 %726,714 16.1 %748,276 17.1 %Total$4,665,433 100.0 %$4,527,224 100.0 %$4,392,960 100.0 %Contract BalancesWe receive