🔹 Revenue: $1.217B (Est. $1.20B) 🟢; UP +4.7% YoY
🔹 Adj EPS: $1.53 (Est. $1.38) 🟢; UP +10% YoY
FY26 Guide:
🔹 Revenue: $4.825–$4.835B (Est. $4.808B) 🟢
🔹 Adj EPS: $5.81–$5.84 (Est. $5.61) 🟢
🔹 Free Cash Flow: $1.74–$1.78B
Q3’26 Guide:
🔹 Revenue: $1.21–$1.215B (Est. $1.211B) 🟡
🔹 Q3’26 Non-GAAP EPS: $1.42–$1.44 (Est. $1.39) 🟢
Other Q2 Metrics:
🔹 Enterprise Revenue: $730.7M; UP +7.0% YoY
🔹 Online Revenue: $486.6M; UP +1.4% YoY
🔹 Adj Operating Margin: 41.3% (vs 24.9% LY); +640 bps YoY
🔹 Net Income (Non-GAAP): $471.3M; UP +8% YoY
🔹 Free Cash Flow: $508M; UP +39% YoY
Customer Metrics:
🔹 Customers >$100K TTM Revenue: 4,274; UP +8.7% YoY
🔹 Enterprise Net Dollar Expansion Rate: 98%
🔹 Online Monthly Churn: 2.9% (flat YoY)
🔹 74.9% of Online MRR from customers with ≥16 months continual service (+50 bps YoY)
Capital & Liquidity:
🔹 Share Repurchases: 6.0M shares in Q2; 27.4M under current plan
🔹 Cash & Investments: $7.8B (as of Jul 31, 2025)
CEO Commentary:
🔸 “AI is transforming the way we work together, and Zoom is at the forefront—helping people get more done, reduce costs, and deliver better experiences.” — CEO Eric Yuan
🔸 “We achieved our highest YoY revenue growth in 11 quarters, with GAAP operating margin expanding by 9 points.”
🔸 “Given our strong results, we are raising our full-year outlook for revenue, non-GAAP operating income, and free cash flow.”