Company: ZM
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001585521-25-000202
Chunk: 301

Company: Zoom Communications, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 8
Chunk 301
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 compensation expense remaining.Restricted Stock UnitsA summary of RSU activity under our equity incentive plan and related information is as follows:RSUsRSUsWeighted-AverageGrant Date Fair Value Per ShareUnvested as of January 31, 202523,870,513 $73.48 Granted8,157,824 $78.45 Vested(9,028,227)$76.34 Canceled/forfeited(2,474,987)$72.67 Unvested as of October 31, 202520,525,123 $74.34 As of October 31, 2025, unrecognized stock-based compensation expense related to RSUs was $1,403.8 million, which is expected to be recognized over a weighted-average period of 2.8 years.For the nine months ended October 31, 2025, we granted 665.9 thousand RSUs that contain both service and performance vesting criteria. The ultimate number of shares eligible to vest pursuant to these RSUs ranges from 0% to 100% of the target number of shares depending on achievement of the performance metrics. The number of RSUs with service and performance vesting conditions included in the granted amount in the table above reflects the shares that would be eligible to vest at 100% of the target amount.2019 Employee Stock Purchase PlanIn April 2019, we adopted the 2019 ESPP. As of October 31, 2025, unrecognized stock-based compensation expense related to the ESPP was $17.4 million, which is expected to be recognized over a weighted-average period of 1.0 years.

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Stock-Based CompensationThe stock-based compensation expense by line item in the accompanying condensed consolidated statements of operations is summarized as follows:Three Months Ended October 31,Nine Months Ended October 31,2025202420252024(in thousands)Cost of revenue$23,121 $30,439 $74,770 $93,313 Research and development70,176 89,836 213,588 254,002 Sales and marketing61,399 80,738 192,926 242,197 General and administrative30,586 39,982 94,266 118,858 Total stock-based compensation expense$185,282 $240,995 $575,550 $708,370 Benefit from income taxes(34,923)(44,279)(