Company: ZM
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001585521-25-000202
Chunk: 304

Company: Zoom Communications, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 8
Chunk 304
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    Segment information

Our CEO is the Chief Operating Decision Maker (“CODM”) of the Company. The Company manages the business activities on a consolidated basis and all information provided to and reviewed by our CODM is compiled at the consolidated entity level. Therefore, we have only one operating and reportable segment. The description of the types of products and services from which the reportable segment derives its revenue is the same as those described in the Summary of Business and Significant Accounting Policies.The measure of segment profit or loss that our CODM uses to allocate resources and assess performance is our consolidated net income. The CODM uses net income to monitor results and to decide whether to reinvest profits. Our CODM does not assess segment performance or make decisions using asset or liability information.The following table summarizes the significant segment expenses regularly provided to the CODM as well as other segment items:

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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 Adjusted cost of revenue (1)245,463 248,817 735,507 734,270 Adjusted research and development (1)136,990 129,774 397,866 367,144 Adjusted sales and marketing (1)278,076 277,706 821,523 813,487 Adjusted general and administrative (1)62,356 63,450 189,379 196,461 Stock-based compensation expense185,282 240,995 575,550 708,370 Interest income(78,863)(89,160)(241,803)(255,407)Other segment items (2)(394,178)25,547 (414,881)51,705 Provision for income taxes181,836 73,362 332,568 222,892 Segment net income612,873 207,050 1,226,068 642,373 Adjustments and reconciling items— — — — Consolidated net income$612,873 $207,050 $1,226,068 $642,373 (1)  Excludes stock-based compensation expense and related payroll taxes, acquisition-related expenses, and litigation settlements, net(2) Includes stock-based compensation related payroll taxes, acquisition-related expenses, litigation settlements, net, gains on strategic