Company: ZM
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001585521-25-000202
Chunk: 266

Company: Zoom Communications, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 1
Chunk 266
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 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 investments, net, and other income, net excluding interest income

11.    Subsequent Events

In November 2025, we entered into an agreement to acquire BrightHire, Inc., a private company providing AI-powered interview intelligence and hiring automation. The acquisition expands our platform’s capabilities in recruiting and candidate engagement. The acquisition is expected to close in our fourth fiscal quarter and the total purchase consideration will be paid in cash from our existing balances of cash and cash equivalents.In November 2025, our Board of Directors authorized the repurchase of an additional $1.0