Company: ZM
Filing Date: 2025-05-01
Form Type: DEF 14A
Source: 0001140361-25-016910
Chunk: 45

Company: Zoom Communications, Inc.
Filing Date: 2025-05-01
Form: DEF 14A
Chunk 45
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 Achievement The Compensation Committee established revenue and non-GAAP income from operations as the corporate performance goals applicable to the fiscal 2025 plan year. The Compensation Committee chose these metrics because they align with our primary objectives to drive revenue growth and operating performance and leverage. Non-GAAP income from operations is an important indicator of our ability to effectively manage operating expenses given our revenue growth. The Compensation Committee set the targets for revenue and non-GAAP income from operations at levels that the Compensation Committee determined to be rigorous and uncertain as of the time of approval in early fiscal 2025, after considering the complex macroeconomic environment and the likelihood of a range of business scenarios that could impact our performance. Our revenue target was set above actual revenue achievement for fiscal 2024, given our expectations that we could, with effort, achieve increased revenue year-over-year and was aligned with our external guidance for fiscal 2025. Our non-GAAP income from operations target was set below actual achievement for fiscal 2024, given our expected decline in non-GAAP operating income year-over-year due to our continued investment in AI, but at the high end of our external guidance as of early fiscal 2025, with maximum goals at levels that would require extremely strong financial performance. 30

TABLE OF CONTENTS

Each of the annual corporate performance goals, their relative weightings, and payout methodology are summarized in the chart below. The incentive payout each participant could receive under the Officer Incentive Plan was capped at 200% of such participant’s target incentive.

| Corporate          
 Performance        
 Goal               |     | Payout Formula(2)                                                     |     | Weight |     | Actual           
 Achievement      |     | Payout     
 Percentage |     | Weighted   
 Payout     
 Percentage |
| Revenue            |     | •Less than threshold achievement ($4,416.0 million): no payout        
 •Threshold achievement ($4,416.0 million): 20% payout funding         
 •Target achievement ($4,600.0 million): 100% payout funding           
 •Maximum achievement ($5,980.0 million or above): 200% payout funding |     | 80%    |     | $4,665.4 million |     | 104.7%     |     | 83.8%      |
| Non-GAAP Income    
 from Operations(1) |     | •Less than threshold achievement ($1,384.0 million): no payout        
 •Threshold achievement ($1,384.0 million): 20% payout funding         
 •