Company: ZM
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001585521-25-000202
Chunk: 276

Company: Zoom Communications, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 1
Chunk 276
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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 follows: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 

Three Months Ended October 31,Nine