Company: ZM
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001585521-25-000202
Chunk: 411

Company: Zoom Communications, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 2
Chunk 411
---
 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 Months Ended October 31,2025202420252024(as a percentage of revenue)Revenue100.0 %100.0 %100.0 %100.0 %Cost of revenue22.1 24.1 22.7 24.2 Gross profit77.9 75.9 77.3 75.8 Operating expenses:Research and development17.1 18.9 17.2 18.2 Sales and marketing27.9 30.7 28.4 30.7 General and administrative7.7 10.8 7.6 10.0 Total operating expenses52.7 60.4 53.2 58.9 Income from operations