Company: ZM
Filing Date: 2025-11-25
Form Type: 10-Q
Source: 0001585521-25-000202
Chunk: 283

Company: Zoom Communications, Inc.
Filing Date: 2025-11-25
Form: 10-Q
Item: Part I, Item 1
Chunk 283
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,451,447)$(699,106)

Operating Activities

Our largest source of operating cash is cash collections from our customers for subscriptions to our platform. Our primary uses of cash from operating activities are for employee-related expenditures, costs related to hosting our platform, and marketing expenses. Net cash provided by operating activities is impacted by our net income adjusted for certain non-cash items, such as stock-based compensation expense, depreciation and amortization expenses, as well as the effect of changes in operating assets and liabilities.

Net cash provided by operating activities was $1,634.5 million for the nine months ended October 31, 2025, compared to $1,520.7 million for the nine months ended October 31, 2024. The increase primarily reflects higher net income, partially offset by increases in non-cash adjustments, including gains from strategic investments and stock-based compensation expense.

Investing Activities

Net cash used in investing activities of $330.2 million for the nine months ended October 31, 2025 was primarily driven by net purchases of marketable securities of $257.2 million, purchases of property and equipment of $48.9 million, and purchases of strategic investments of $27.5 million.

Net cash used in investing activities of $1,101.1 million for the nine months ended October 31, 2024 was primarily due to net purchases of marketable securities of $964.3 million, purchases of property and equipment of $128.2 million, and purchases of strategic investments of $13.5 million.

Financing Activities

Net cash used in financing activities of $1,451.4 million for the nine months ended October 31, 2025 was primarily due to cash paid for repurchases of common stock, including excise taxes, of $1,297.0 million and taxes paid related to net share 

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settlement of equity awards of $192.3 million, partially offset by proceeds from the issuance of common stock under our ESPP of $36.1 million.

Net cash used in financing activities of $699.1 million for the nine months ended October 31, 2024 was primarily due to cash paid for repurchases of common stock of $739.3 million, partially offset by proceeds from the issuance of common stock under our ESPP of $34.3 million.

Stock Repurchase Program

In February 2024, our Board of Directors authorized a stock repurchase program of up to $1.5 billion