Company: ZM
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001585521-25-000202
Chunk: 314

Company: Zoom Communications, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 8
Chunk 314
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 primarily consist of personnel-related expenses associated with our finance, legal, and other organizations; professional fees for external legal, accounting, and other consulting services; expected credit losses; insurance; certain indirect taxes; litigation settlements; corporate security and regulatory expenses; and allocated overhead.

Gains on Strategic Investments, Net

Gains on strategic investments, net consist primarily of remeasurement gains or losses on our equity investments.

Other Income, Net

Other income, net consists primarily of interest income and net accretion on our marketable securities and effect of changes in foreign currency exchange rates.

Provision for Income Taxes

Provision for income taxes consists primarily of income taxes related to federal, state, and foreign jurisdictions where we conduct business.

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Results of Operations

The following tables set forth selected condensed consolidated statements of operations data and such data as a percentage of revenue for each of the periods indicated:

Three Months Ended October 31,Nine Months Ended October 31,2025202420252024(in thousands)Revenue$1,229,835 $1,177,541 $3,621,777 $3,481,295 Cost of revenue (1)271,770 283,881 823,337 842,272 Gross profit958,065 893,660 2,798,440 2,639,023 Operating expenses:Research and development (1)210,097 222,980 621,960 635,294 Sales and marketing (1)342,814 361,703 1,028,779 1,068,481 General and administrative (1)94,740 126,137 273,960 347,016 Total operating expenses647,651 710,820 1,924,699 2,050,791 Income from operations310,414 182,840 873,741 588,232 Gains on strategic investments, net406,060 6,324 437,497 26,785 Other income, net78,235 91,248 247,398 250,248 Income before provision for income taxes794,709 280,412 1,558,636 865,265 Provision for income taxes181,836 73,362 332,568 222,892 Net income$612,873 $207,050 $1,226,068 $642,373 (1) Includes stock-based compensation expense as