Zoom Communications Reports Financial Results for the Third Quarter of Fiscal Year 2025

Financial Performance - Total revenue for Q3 2025 was $1,177.5 million, reflecting a year-over-year increase of 3.6% [1][3] - Enterprise revenue reached $698.9 million, up 5.8% year-over-year [1][3] - GAAP operating margin was 15.5%, while non-GAAP operating margin stood at 38.9% [3][34] - GAAP net income for the quarter was $207.1 million, or $0.66 per share, compared to $141.2 million, or $0.45 per share, in the same quarter last year [3][34] Customer Metrics - The number of customers contributing more than $100,000 in trailing 12 months revenue increased by 7.1% year-over-year, totaling 3,995 [4] - Zoom had approximately 192,400 Enterprise customers, with a trailing 12-month net dollar expansion rate of 98% [4] Cash Flow and Stock Repurchase - Net cash provided by operating activities was $483.2 million, down 2.0% year-over-year [3][35] - Free cash flow for the quarter was $457.7 million, up 1.0% year-over-year [3][35] - The company repurchased approximately 4.4 million shares of common stock in Q3 and increased total common stock repurchase authorization by $1.2 billion, with approximately $2.0 billion remaining to be repurchased [1][9] Future Guidance - For Q4 2025, total revenue is expected to be between $1.175 billion and $1.180 billion, with non-GAAP income from operations projected between $443.0 million and $448.0 million [6] - For the full fiscal year 2025, total revenue is anticipated to be between $4.656 billion and $4.661 billion, with non-GAAP income from operations expected between $1.813 billion and $1.818 billion [6]