Zoom Communications Inc. (ZM) Stock Falls on Q4 2026 Earnings

Zoom Communications Inc. (ZM) reported fourth-quarter 2026 results with revenue of $1.25 billion, up 5.31% year-over-year but slightly below the consensus estimate of $1.27 billion. Diluted earnings per share came in at 2.22 versus an estimate of 1.53, representing a clear beat.

Total revenue: $1.25 billion (+5.31% year-over-year).

Gross profit: $951.3 million (+6.08% year-over-year).

Operating profit: $310.4 million (+37.92% year-over-year).

Net income attributable to common shareholders: $612.9 million (+66.6% year-over-year).

Diluted EPS: 2.22 (+89.74% year-over-year).

Cash flow and balance-sheet highlights:

Cash from operating activities: $354.5 million (down 16.5% year-over-year).

Purchases of property, plant and equipment: $16.1 million (up 92.9% year-over-year).

Cash and cash equivalents: $1.27 billion (down 5.67% year-over-year).

Total liabilities: $2.15 billion (up 4.78% year-over-year).

Additional details:

Cost of sales: $295.7 million (+2.9% year-over-year).

Market reaction: shares were down 1.33% since market close.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

Zoom Communications Inc. Insider Trading Activity

Zoom Communications Inc. insiders have traded $ZM stock on the open market 76 times in the past 6 months. Of those trades, 0 have been purchases and 76 have been sales.

Here’s a breakdown of recent trading of $ZM stock by insiders over the last 6 months:

ERIC S. YUAN (Chief Executive Officer) has made 0 purchases and 46 sales selling 704,390 shares for an estimated $59,333,312.
MICHELLE CHANG (Chief Financial Officer) has made 0 purchases and 4 sales selling 42,373 shares for an estimated $3,512,741.
APARNA BAWA (Chief Operating Officer) has made 0 purchases and 4 sales selling 22,665 shares for an estimated $1,827,413.
VELCHAMY SANKARLINGAM (Pres. of Engineering & Product) has made 0 purchases and 6 sales selling 20,418 shares for an estimated $1,731,870.
SANTIAGO SUBOTOVSKY has made 0 purchases and 16 sales selling 14,850 shares for an estimated $1,264,193.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

Zoom Communications Inc. Hedge Fund Activity

We have seen 428 institutional investors add shares of Zoom Communications Inc. stock to their portfolio, and 364 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 7,563,303 shares (-72.6%) from their portfolio in Q4 2025, for an estimated $652,637,415
NEWLANDS MANAGEMENT OPERATIONS LLC removed 3,760,588 shares (-100.0%) from their portfolio in Q3 2025, for an estimated $310,248,510
AQR CAPITAL MANAGEMENT LLC added 3,718,186 shares (+43.9%) to their portfolio in Q4 2025, for an estimated $320,842,269
FMR LLC added 1,439,621 shares (+13.9%) to their portfolio in Q4 2025, for an estimated $124,224,896
T. ROWE PRICE INVESTMENT MANAGEMENT, INC. removed 1,231,810 shares (-28.7%) from their portfolio in Q4 2025, for an estimated $106,292,884
QUANTINNO CAPITAL MANAGEMENT LP added 1,148,277 shares (+inf%) to their portfolio in Q4 2025, for an estimated $99,084,822
VANGUARD GROUP INC added 1,029,623 shares (+4.0%) to their portfolio in Q4 2025, for an estimated $88,846,168

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Zoom Communications Inc. Analyst Ratings

Wall Street analysts have issued reports on $ZM in the last several months. We have seen 7 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Citigroup issued a "Buy" rating on 01/12/2026
Wedbush issued a "Outperform" rating on 11/25/2025
Jefferies issued a "Buy" rating on 11/25/2025
RBC Capital issued a "Outperform" rating on 11/25/2025
Rosenblatt issued a "Buy" rating on 11/25/2025
Needham issued a "Buy" rating on 11/25/2025
Benchmark issued a "Buy" rating on 09/18/2025

To track analyst ratings and price targets for Zoom Communications Inc., check out Quiver Quantitative's $ZM forecast page.

Zoom Communications Inc. Price Targets

Multiple analysts have issued price targets for $ZM recently. We have seen 14 analysts offer price targets for $ZM in the last 6 months, with a median target of $93.5.

Here are some recent targets:

Matthew Harrigan from Benchmark set a target price of $110.0 on 02/24/2026
Tyler Radke from Citigroup set a target price of $106.0 on 01/12/2026
James Fish from Piper Sandler set a target price of $91.0 on 01/05/2026
Joshua Reilly from Needham set a target price of $100.0 on 11/25/2025
Meta Marshall from Morgan Stanley set a target price of $92.0 on 11/25/2025
Samad Samana from Jefferies set a target price of $105.0 on 11/25/2025
Mark Murphy from JP Morgan set a target price of $90.0 on 11/25/2025