Zoom (ZM) Q2 2027 Earnings
How Did ZM Stock React to Q2 2027 Earnings?
S&P 500 over the same 30 days: −0.06%.
Did ZM Beat Earnings? Q2 2027 Results
Yes. Zoom reported Q2 2027 earnings of $1.55 a share on Aug 25, 2026, beating the $1.48 consensus estimate by 5.0%. Revenue was $1.3B against a $1.3B estimate.
Zoom Communications, Inc. posted a solid second-quarter fiscal 2027 report, beating Wall Street expectations on both the top and bottom lines as its Enterprise segment showed renewed momentum. The company reported adjusted EPS of $1.55, clearing the $1.48 consensus estimate by 5.02%, while revenue reached $1.28 billion, a 4.9% year-over-year increase that edged past the $1.27 billion analyst forecast by 0.65%. The clearest driver behind the quarter was Enterprise revenue of $787.50 million, which grew 7.8% year over year, a rate management described as its strongest in three years, offsetting more modest 0.6% growth in the Online segment. Non-GAAP operating margin held at 40.0%, while free cash flow came in at $472.40 million. Looking ahead, management guided full-year FY27 revenue to $5.09 billion at the midpoint and non-GAAP EPS of $6.08 to $6.12, signaling continued confidence in its AI-first platform strategy even as margin and cash flow metrics face modest year-over-year pressure.
- Enterprise revenue grew 7.8% YoY, strongest growth rate in three years
- Customers contributing more than $100,000 in trailing 12-month revenue grew 8.2% YoY to 4,625
- Trailing 12-month net dollar expansion rate for Enterprise customers improved to 99% from 98%
- AI-first Customer Experience portfolio delivered high-double-digit ARR expansion
- Zoom Virtual Agent customer count increased 256% year over year
- Online average monthly churn steady at 2.9%
- Online customers with at least 16 months of continual service represented 75.6% of total Online MRR, up 70 bps YoY
“FY27 continues to progress well, reflecting focused execution against our three priorities and clear Enterprise business momentum. Total revenue grew 4.9% year over year, anchored by 7.8% growth in Enterprise revenue, its strongest growth rate in three years.”
Zoom CEO, on the earnings call
What Is Zoom's Outlook?
For Q3 FY27, Zoom expects total revenue of $1.275B–$1.280B, non-GAAP operating income of $510.0M–$515.0M, and non-GAAP diluted EPS of $1.46–$1.48 on approximately 301 million weighted average shares. For full fiscal year 2027, the company updated guidance to total revenue of $5.085B–$5.095B, non-GAAP operating income of $2.065B–$2.075B, non-GAAP diluted EPS of $6.08–$6.12, and free cash flow of $1.780B–$1.820B. Revenue in constant currency for FY27 is expected to be $5.071B–$5.081B. EPS and share count guidance excludes the impact from approximately $1.3 billion of authorized share repurchase remaining.
ZM YoY Financials
| Metric | Q2 2027 | Q2 2026 | Year over year |
|---|---|---|---|
| Revenue | $1.3B | $1.2B | +4.9% |
| Gross Profit | $985.5M | $944.1M | +4.4% |
| Operating Income | $314.3M | $321.7M | −2.3% |
| Net Income | $1.5B | $358.6M | +330.1% |
ZM Revenue by Segment
When Does Zoom Report Next?
Figures from SEC filings and company reports. Not investment advice.