Live: Will Rubrik Crush Q1 Earnings Tonight and Continue Its 33% 1-Month Rally?
Q1 27 EPS
$1.55
Q1 27 Revenue
$1.24B
BEAT +1.21%
Est. $1.22B
vs S&P Since Q1 27
+4.2%
BEATING MARKET
ZM +5.7% vs S&P +1.5%
Market Reaction
Did ZM Beat Earnings? Q1 2027 Results
Zoom Communications, Inc. Delivered a strong first-quarter fiscal 2027 report, posting non-GAAP earnings of $1.55 per diluted share and beating the $1.42 consensus estimate by 9.47%, marking the fourth consecutive quarter the company has topped EPS e… Read more Zoom Communications, Inc. Delivered a strong first-quarter fiscal 2027 report, posting non-GAAP earnings of $1.55 per diluted share and beating the $1.42 consensus estimate by 9.47%, marking the fourth consecutive quarter the company has topped EPS expectations. Revenue climbed 5.5% year over year to $1.24 billion, ahead of the $1.22 billion consensus by 1.21%, as the company's AI-first strategy provided a meaningful lift; AI Companion paid users grew 184% year over year, and enterprise revenue of $755.70 million grew 7.2%, reflecting deepening traction with larger customers. Profitability also improved materially, with GAAP operating margin expanding 450 basis points to 25.1% and free cash flow reaching $500.50 million, a 40.4% margin. The company raised its full-year fiscal 2027 guidance to revenue of $5.08 to $5.09 billion and non-GAAP EPS of $5.96 to $6.00, while also announcing an incremental $1.00 billion share repurchase authorization alongside $625.00 million remaining under its prior program, signaling continued confidence in its cash generation outlook.
Key Takeaways
- • Enterprise revenue grew 7.2% YoY, driven by customer acquisition and upsells
- • 4,534 customers contributing more than $100,000 in trailing 12-month revenue, up 8.2% YoY
- • Trailing 12-month net dollar expansion rate for Enterprise improved to 99% from 98%
- • GAAP operating margin expanded 450 bps YoY to 25.1%
- • Non-GAAP operating margin expanded 130 bps YoY to 41.1%
- • Gains on strategic investments of $152.3 million boosted GAAP net income
- • Zoom Customer Experience continued accelerating high double-digit growth
ZM Forward Guidance & Outlook
For Q2 FY2027, Zoom guided total revenue of $1.265–$1.270 billion, non-GAAP operating income of $508–$513 million, and non-GAAP diluted EPS of $1.45–$1.47 on approximately 304 million weighted average shares. For the full fiscal year 2027, the company guided total revenue of $5.080–$5.090 billion, non-GAAP operating income of $2.065–$2.075 billion, non-GAAP diluted EPS of $5.96–$6.00, and free cash flow of $1.700–$1.740 billion. The EPS and share count figures do not include the impact from the newly expanded share repurchase authorization.
ZM YoY Financials
Q1 2027 vs Q1 2026, source: SEC Filings
ZM Revenue by Segment
With YoY comparisons, source: SEC Filings
“We saw continued momentum in the first quarter, with revenue up 5.5% year over year, exceeding the high end of our guidance.”
— Eric S. Yuan, Q1 2027 Earnings Press Release
ZM Earnings Trends
ZM vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ZM EPS Trend
Earnings per share: estimate vs actual
ZM Revenue Trend
Quarterly revenue: estimate vs actual
ZM Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 27 | — | $1.55 | — | $1.24B | +1.21% |
| Q4 26 BEAT FY | $0.85 | $1.44 | +69.41% | $1.25B | +0.60% |
| FY Full Year | $5.97 | $5.92 | -0.88% | $4.87B | +0.15% |
| Q3 26 BEAT | $1.44 | $1.52 | +5.76% | $1.23B | +1.35% |
| Q2 26 BEAT | $1.38 | $1.53 | +11.02% | $1.22B | +1.58% |
| Q1 26 BEAT | $1.31 | $1.43 | +9.54% | $1.17B | +0.74% |