Zoom (ZM) Q4 Earnings: What To Expect

Zoom (ZM) Q4 Earnings: What To Expect

Anthony Lee

Tue, February 24, 2026 at 12:09 PM GMT+9 2 min read

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Video communications platform Zoom (NASDAQ:ZM) will be reporting earnings this Wednesday after market hours. Here’s what investors should know.

Zoom beat analysts’ revenue expectations last quarter, reporting revenues of $1.23 billion, up 4.4% year on year. It was a strong quarter for the company, with a solid beat of analysts’ EBITDA estimates and EPS guidance for next quarter beating analysts’ expectations. It added 89 enterprise customers paying more than $100,000 annually to reach a total of 4,363.

Is Zoom a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Zoom’s revenue to grow 4.2% year on year, in line with the 3.3% increase it recorded in the same quarter last year.

Zoom Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Zoom has a history of exceeding Wall Street’s expectations.

Looking at Zoom’s peers in the video conferencing segment, some have already reported their Q4 results, giving us a hint as to what we can expect. 8x8 delivered year-on-year revenue growth of 3.4%, beating analysts’ expectations by 2.9%, and Five9 reported revenues up 7.8%, topping estimates by 0.7%. 8x8 traded up 47% following the results while Five9 was also up 12.5%.

Read our full analysis of 8x8’s results here and Five9’s results here.

The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. Unfortunately, video conferencing stocks have struggled in this environment as share prices are down 22% on average over the last month. Zoom is down 9.8% during the same time and is heading into earnings with an average analyst price target of $97.59 (compared to the current share price of $85.89).

Today’s young investors likely haven’t read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.

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