Company: ZM
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001585521-25-000141
Chunk: 410

Company: Zoom Communications, Inc.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 2
Chunk 410
---
 87,412 169,163 159,000 Income before provision for income taxes448,162 292,889 763,927 584,853 Provision for income taxes89,570 73,874 150,732 149,530 Net income$358,592 $219,015 $613,195 $435,323 (1) Includes stock-based compensation expense as follows:Cost of revenue$24,222 $31,299 $51,649 $62,874 Research and development70,476 81,597 143,412 164,166 Sales and marketing63,094 84,225 131,527 161,459 General and administrative30,907 40,829 63,680 78,876 Total stock-based compensation expense$188,699 $237,950 $390,268 $467,375 

Three Months Ended July 31, Six Months Ended July 31, 2025202420252024(as a percentage of revenue)Revenue100.0 %100.0 %100.0 %100.0 %Cost of revenue22.4 24.5 23.1 24.2 Gross profit77.6 75.5 76.9 75.8 Operating expenses:Research and development17.0 17.8 17.2 17.9 Sales and marketing27.8 30.9 28.7 30.7 General and administrative6.4 9.4 7.4 9.6 Total operating expenses51.2 58.1 53.3 58.2 Income from operations26.4 17.4 23.6 17.6 Gains on strategic investments, net3.7 0.3 1.3 0.9 Other income, net6.7 7.5 7.1 6.9 Income before provision for income taxes36.9 25.2 31.9 25.4 Provision for income taxes7.4 6.4 6.3 6.5 Net income29.5 %18.8 %25.6 %18.9 %

30

Comparison of the Three Months Ended July 31, 2025 and 2024 

RevenueThree Months Ended July