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Zoom Communications, Inc.
Zoom Communications, Inc. (ZM) is listed on NASDAQ and classified in Software - Application, part of the Technology sector. It is headquartered in San Jose, United States and has 7,438 employees. The company is worth $28.07B and trades at 8.9x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $4.87B in fiscal 2026, up 4.4% from the year before. Net income was $1.9B. The share price is 16.2% below its 52-week high of $114.74. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $563.43M. In that quarter, 1 of them opened or added to the position and 5 reduced it. Over the last 30 days, company insiders sold $4.41M of its stock on the open market and bought none. All of those sales were scheduled in advance under 10b5-1 plans.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -55.4% over 5Y.
today you would have $342.95▼ -65.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 8 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $94.19 | $86.29 | $81.61 | $71.91 | $67.74 | $183.91 | $337.32 | $68.04 | |
| P/E | 26.9x | 15.2x | 26.9x | 39.4x | 211.5x | 15.1x | 81.7x | 3748.0x | — |
| P/S | 5.9x | 5.9x | 5.8x | 5.6x | 5.0x | 5.1x | 20.7x |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 22.4% a year plus a 0.0% dividend yield. Growth capped at 25%.
Median P/E of 28.0 among peers in the sector.
Median P/E of 26.9 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| JBLJabil Inc | $267.41 | 28.8x | 17.4x | 0.12% | 66.37% | $28.02B |
| FLEXFLEX Ltd | $76.69 | 32.8x | 5.2x | 0.00% | 18.38% | $28.33B |
| ONON Semiconductor Corp | $73.23 | 47.2x | 3.9x | 0.00% | 8.31% | $28.51B |
| VRSNVerisign Inc | $304.59 |
| 137.8x |
| 23.9x |
| P/B | 3.5x | 3.0x | 3.0x | 3.1x | 3.5x | 3.6x | 14.2x | 102.9x | — |
| EPS | $6.18 | $3.21 | $2.07 | $0.34 | $4.50 | $2.25 | $0.09 | $0.00 |
| Profit margin | 17.87% | 39.03% | 21.65% | 14.08% | 2.36% | 33.55% | 25.36% | 4.06% | 2.29% |
| ROE | 11.31% | 19.37% | 11.31% | 7.95% | 1.67% | 23.80% | 17.41% | 3.03% | — |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+77.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 33.1x |
| — |
| 1.06% |
| — |
| $27.53B |
| TDYTeledyne Technologies Inc | $620.47 | 28.4x | 2.6x | 0.00% | 9.47% | $28.76B |
| CPAYCorpay Inc | $415.01 | 25.2x | 7.7x | 0.00% | 29.21% | $27.25B |