Zoom(ZM)2025-05-21 20:05Revenue Performance - Total revenue for Q1 FY 2026 was $1,174.7 million, representing a year-over-year increase of 2.9%[6] - Enterprise revenue for Q1 FY 2026 reached $704.7 million, up 5.9% year over year[6] - Revenue for the three months ended April 30, 2025, was $1,174,715 thousand, representing a year-over-year growth of 2.9%[30] - Gross profit for the same period was $896,313 thousand, with a gross margin of approximately 76.3%[30] - Full fiscal year 2026 revenue is expected to be between $4.800 billion and $4.810 billion, with non-GAAP diluted EPS projected between $5.56 and $5.59[14] Earnings and Profitability - GAAP EPS for Q1 FY 2026 was $0.81, an increase of 18.7% year over year, while non-GAAP EPS was $1.43, up 6.0% year over year[6] - Basic net income per share increased to $0.84 from $0.70 year-over-year[30] - The company reported a GAAP operating margin of 20.6%, up from 17.8% in the previous year[34] - Non-GAAP net income for the three months ended April 30, 2025, was $448,293 thousand, compared to $426,318 thousand in the prior year[34] Customer Metrics - The number of customers contributing more than $100,000 in trailing 12 months revenue increased by 8.0% year over year, totaling 4,192 customers[5] - The trailing 12-month net dollar expansion rate for Enterprise customers was 98%[14] - Online average monthly churn for Q1 FY 2026 was 2.8%, a decrease of 40 basis points from the same quarter last fiscal year[14] Cash Flow and Financial Position - Net cash provided by operating activities for Q1 FY 2026 was $489.3 million, down from $588.2 million in Q1 FY 2025[7] - Free cash flow for Q1 FY 2026 was $463.4 million, compared to $569.7 million in the same quarter last fiscal year[7] - Total current assets as of April 30, 2025, were $8,666,777 thousand, slightly down from $8,675,974 thousand as of January 31, 2025[28] - Total liabilities decreased to $2,049,528 thousand from $2,053,337 thousand in the previous quarter[28] - Cash flows from operating activities for the three months ended April 30, 2025, were $489,261 thousand, compared to $588,191 thousand in the prior year[32] - Free cash flow (non-GAAP) for the period was $463,351 thousand, down from $569,683 thousand year-over-year[34] Guidance - Guidance for Q2 FY 2026 projects total revenue between $1.195 billion and $1.200 billion, with non-GAAP diluted EPS expected between $1.36 and $1.37[14]