Zoom Communications, Inc. Earnings Per Share Disclosure
| Year Ended January 31, | ||||||||||||||||||||||||||||||||||||||
| 2026 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||||
| Class A | Class B | Class A | Class B | Class A | Class B | |||||||||||||||||||||||||||||||||
| Numerator: | (in thousands, except share and per share data) | |||||||||||||||||||||||||||||||||||||
Net income, basic | $ | 1,679,924 | $ | 220,224 | $ | 861,755 | $ | 148,483 | $ | 538,554 | $ | 98,908 | ||||||||||||||||||||||||||
Reallocation of net income | (5,267) | 5,267 | (5,170) | 5,170 | (4,653) | 4,653 | ||||||||||||||||||||||||||||||||
Net income, diluted | $ | 1,674,657 | $ | 225,491 | $ | 856,585 | $ | 153,653 | $ | 533,901 | $ | 103,561 | ||||||||||||||||||||||||||
| Denominator: | ||||||||||||||||||||||||||||||||||||||
Weighted-average shares used in computing net income per share, basic | 265,676,002 | 34,827,785 | 262,715,505 | 45,266,466 | 254,084,540 | 46,663,622 | ||||||||||||||||||||||||||||||||
Weighted-average shares used in computing net income per share, diluted | 270,861,859 | 36,471,326 | 267,148,873 | 47,920,709 | 258,398,674 | 50,121,223 | ||||||||||||||||||||||||||||||||
Net income per share, basic | $ | 6.32 | $ | 6.32 | $ | 3.28 | $ | 3.28 | $ | 2.12 | $ | 2.12 | ||||||||||||||||||||||||||
Net income per share, diluted | $ | 6.18 | $ | 6.18 | $ | 3.21 | $ | 3.21 | $ | 2.07 | $ | 2.07 | ||||||||||||||||||||||||||
| Year Ended January 31, | ||||||||||||||||||||||||||||||||||||||
| 2026 | 2025 | 2024 | ||||||||||||||||||||||||||||||||||||
| Class A | Class B | Class A | Class B | Class A | Class B | |||||||||||||||||||||||||||||||||
| Outstanding stock options | 86,576 | — | 95,963 | — | 109,441 | — | ||||||||||||||||||||||||||||||||
| Unvested RSUs | 1,550,584 | — | 8,082,027 | — | 9,124,205 | — | ||||||||||||||||||||||||||||||||
Purchase rights committed under the ESPP | 312,869 | — | 1,236,530 | — | 1,789,166 | — | ||||||||||||||||||||||||||||||||
| Total | 1,950,029 | — | 9,414,520 | — | 11,022,812 | — | ||||||||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Feb 27, 2026 | Showing above |
| 2025 | Feb 28, 2025 | |
| 2024 | Mar 4, 2024 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.