Company: ZM
Filing Date: 2025-02-28
Form Type: 10-K
Source: 0001585521-25-000042
Chunk: 115

Company: Zoom Communications, Inc.
Filing Date: 2025-02-28
Form: 10-K
Item: Item 7
Chunk 115
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576,431 Total operating expenses2,722,511 2,924,144 3,047,080 Income from operations813,295 525,279 245,429 Gains (losses) on strategic investments, net177,142 109,770 (37,571)Other income, net325,147 197,263 41,418 Income before provision for income taxes1,315,584 832,312 249,276 Provision for income taxes305,346 194,850 145,565 Net income$1,010,238 $637,462 $103,711 (1) Includes stock-based compensation expense as follows:Cost of revenue$124,561 $143,798 $174,546 Research and development333,767 336,309 361,720 Sales and marketing319,631 381,298 532,371 General and administrative153,350 195,756 217,115 Total stock-based compensation expense$931,309 $1,057,161 $1,285,752 

Year Ended January 31,202520242023(as a percentage of revenue)Revenue100.0 %100.0 %100.0 %Cost of revenue24.2 %23.8 %25.1 %Gross profit75.8 %76.2 %74.9 %Operating expenses:Research and development18.3 %17.7 %17.6 %Sales and marketing30.6 %34.0 %38.6 %General and administrative9.5 %12.9 %13.1 %Total operating expenses58.4 %64.6 %69.3 %Income from operations17.4 %11.6 %5.6 %Gains (losses) on strategic investments, net3.8 %2.4 %(0.9)%Other income, net7.0 %4.4 %1.0 %Income before provision for income taxes28.2 %18.4 %5.7 %Provision for income taxes6.5 %4.3 %3.3 %Net income21.7 %14.1 %2.4 %

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Comparison of Fiscal Years Ended January 31