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Zoom(ZM) - 2026 Q1 - Earnings Call Presentation
2025-05-21 20:22
Financial Performance - Total revenue reached $1,175 million, a 3% year-over-year increase[31] - Enterprise revenue grew by 6% year-over-year[26] - The number of customers contributing over $100,000 in TTM (trailing twelve months) revenue increased by 8% year-over-year[30] - TTM net dollar expansion rate for enterprise customers was 98%[30] - Non-GAAP operating income was $467326 thousand, resulting in a non-GAAP operating margin of 398%[31,42] - Free cash flow was $463 million, representing a free cash flow margin of 394%[35] Customer and Product Growth - Revenue Accelerator licenses increased by 72% year-over-year[16] - Workvivo total customers increased by 106% year-over-year[18] - CC (Customer Care) customers increased by 65% year-over-year, with ZVA (Zoom Virtual Agent) achieving its largest deal to date[21] Future Outlook - The company projects Q2 FY26 revenue to be between $1,195 million and $1,200 million and the full fiscal year 2026 revenue to be between $4,800 million and $4,810 million[36] - Non-GAAP EPS is projected to be between $136 and $137 for Q2 FY26 and between $556 and $559 for the full fiscal year 2026[36]