Company: ZM
Filing Date: 2025-08-22
Form Type: 10-Q
Source: 0001585521-25-000141
Chunk: 279

Company: Zoom Communications, Inc.
Filing Date: 2025-08-22
Form: 10-Q
Item: Part I, Item 1
Chunk 279
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 publicly and privately held securities.

Other Income, NetThree Months Ended July 31, 20252024% Change(in thousands) Other income, net$81,371 $87,412 (6.9)%

Other income, net for the three months ended July 31, 2025 decreased by $6.0 million, or 6.9%, compared to the three months ended July 31, 2024. The decrease was primarily due to lower investment yields from cash and marketable securities.

Provision for Income TaxesThree Months Ended July 31, 20252024% Change(in thousands) Provision for income taxes$89,570 $73,874 21.2 %

Provision for income taxes for the three months ended July 31, 2025 increased by $15.7 million, or 21.2%, compared to the three months ended July 31, 2024. The year-over-year change was primarily due to an increase in income before taxes partially offset by a decrease in tax shortfalls and increase in tax benefits related to stock-based compensation.

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

RevenueSix Months Ended July 31, 20252024% Change(in thousands) Revenue$2,391,942 $2,303,754 3.8 %

Revenue for the six months ended July 31, 2025 increased by $88.2 million, or 3.8%, compared to the six months ended July 31, 2024. The increase in revenue was due to a 6.4% growth in revenue from Enterprise customers, of which 53.6% and 46.4% was from new and existing customers, respectively. Revenue from Online customers remained flat year over year.

Cost of RevenueSix Months Ended July 31, 20252024% Change(in thousands)Cost of revenue$551,567 $558,391 (1.2)%Gross profit$1,840,375 $1,745,363 5.4 %Gross margin76.9 %75.8 %

Cost of revenue for the six months ended July 31, 2025 decreased by $6.8 million, or 1.2%, compared to the six months ended July 31, 2024. The decrease was primarily due to a lower personnel related expenses of $9