Zoom Communications Inc

ZM: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Zoom Earnings: Positive Trends Around Enterprise and AI Persist

Dan Romanoff

May 22, 2026

Zoom reported first-quarter results with both revenue and non-GAAP operating margin topping the high end of guidance. Revenue was $1.239 billion, while non-GAAP operating margin was 41.1%. The firm’s second-quarter outlook was also ahead of our expectations.

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Zoom Communications Inc

Zoom Earnings: Positive Trends Around Enterprise and AI Persist

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