Company: ZM
Filing Date: 2025-05-23
Form Type: 10-Q
Source: 0001585521-25-000090
Chunk: 396

Company: Zoom Communications, Inc.
Filing Date: 2025-05-23
Form: 10-Q
Item: Part I, Item 2
Chunk 396
---
 

29

offset by a $4.0 million increase in salaries, payroll taxes and benefits, along with costs to support our customer engagement and growth initiatives.

General and AdministrativeThree Months Ended April 30,20252024% Change(in thousands)General and administrative$102,335 $111,344 (8.1)%

General and administrative expense for the three months ended April 30, 2025, decreased by $9.0 million, or 8.1%, compared to the three months ended April 30, 2024. The decrease was primarily due a $7.3 million decrease in personnel-related expenses, including a $5.3 million decrease in stock-based compensation and a $2.0 million decrease in salaries, payroll taxes and benefits.

(Losses) Gains on Strategic Investments, Net

Three Months Ended April 30,20252024% Change(in thousands) (Losses) gains on strategic investments, net$(13,619)$17,354 (178.5)%

Losses on strategic investments, net for the three months ended April 30, 2025 were primarily driven by changes in the fair value of our publicly held securities, while gains on strategic investments, net, for the three months ended April 30, 2024 were primarily driven by changes in the valuations of our privately held securities.

Other Income, NetThree Months Ended April 30,20252024% Change(in thousands) Other income, net$87,792 $71,588 22.6 %

Other income, net for the three months ended April 30, 2025, increased by $16.2 million, or 22.6%, compared to the three months ended April 30, 2024. The increase was due to $12.5 million increase from changes in foreign currency exchange rates and a $3.8 million increase in investment yield from cash and marketable securities.

Provision for Income TaxesThree Months Ended April 30,20252024% Change(in thousands) Provision for income taxes$61,162 $75,656 (19.2)%

Provision for income taxes for the three months ended April 30, 2025 decreased by $14.5 million, or 19.2%, compared to the three months ended April 30, 2024. The year-over-year change was primarily due to the decrease in tax shortfalls on stock-based compensation