Quarterly ResultMay 21, 2026, 04:06 PM
Zoom Q1 Revenue $1.24B, up 5.5%; Increases Buyback by $1.0B
AI Summary
Zoom Communications announced strong first-quarter fiscal year 2027 financial results, with total revenue increasing 5.5% year over year to $1,239.0 million, exceeding guidance. The company also reported significant improvements in profitability, with GAAP operating margin up 450 basis points to 25.1%. Additionally, Zoom's Board of Directors authorized an additional $1.0 billion for common stock repurchases, bringing the total remaining authorization to $1.625 billion. The company highlighted continued momentum in Enterprise revenue and growth in AI Companion paid users.
Key Highlights
- Zoom increased its common stock repurchase authorization by $1.0 billion, adding to the $625.0 million remaining.
- Total revenue for Q1 was $1,239.0 million, up 5.5% year over year.
- GAAP operating margin increased to 25.1%, up 450 basis points year over year.
- GAAP net income was $425.7 million, or $1.42 per diluted share.
- Enterprise revenue grew 7.2% year over year to $755.7 million.
- Trailing 12-month net dollar expansion rate for Enterprise customers rose to 99% from 98%.
- Free cash flow for the quarter was $500.5 million.
- Full fiscal year 2027 revenue guidance is $5.080 billion to $5.090 billion.
Price Impact
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