Zoom Communications, Inc. Fair Value Disclosure
As of January 31, 2026 | |||||||||||||||||||||||
| Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||
| Financial Assets: | |||||||||||||||||||||||
| Money market funds | $ | 724,236 | $ | 724,236 | $ | — | $ | — | |||||||||||||||
| Treasury bills | 16,876 | — | 16,876 | — | |||||||||||||||||||
| Agency bonds | 22,298 | — | 22,298 | — | |||||||||||||||||||
| Cash equivalents | 763,410 | 724,236 | 39,174 | — | |||||||||||||||||||
| Agency bonds | 1,095,471 | — | 1,095,471 | — | |||||||||||||||||||
| U.S. government agency securities | 5,383,887 | — | 5,383,887 | — | |||||||||||||||||||
| Treasury bills | 64,673 | — | 64,673 | — | |||||||||||||||||||
| Marketable securities | 6,544,031 | — | 6,544,031 | — | |||||||||||||||||||
| Privately held debt securities included in strategic investments | 3,968 | — | — | 3,968 | |||||||||||||||||||
| Total financial assets | $ | 7,311,409 | $ | 724,236 | $ | 6,583,205 | $ | 3,968 | |||||||||||||||
As of January 31, 2025 | |||||||||||||||||||||||
| Fair Value | Level 1 | Level 2 | Level 3 | ||||||||||||||||||||
| (in thousands) | |||||||||||||||||||||||
| Financial Assets: | |||||||||||||||||||||||
| Money market funds | $ | 825,044 | $ | 825,044 | $ | — | $ | — | |||||||||||||||
| Treasury bills | 17,965 | — | 17,965 | — | |||||||||||||||||||
Agency bonds | 23,992 | — | 23,992 | — | |||||||||||||||||||
| Cash equivalents | 867,001 | 825,044 | 41,957 | — | |||||||||||||||||||
| Commercial paper | 20,841 | — | 20,841 | — | |||||||||||||||||||
| Agency bonds | 1,174,484 | — | 1,174,484 | — | |||||||||||||||||||
| Corporate and other debt securities | 720,795 | — | 720,795 | — | |||||||||||||||||||
| U.S. government agency securities | 4,415,930 | — | 4,415,930 | — | |||||||||||||||||||
| Treasury bills | 110,279 | — | 110,279 | — | |||||||||||||||||||
| Marketable securities | 6,442,329 | — | 6,442,329 | — | |||||||||||||||||||
| Publicly held equity securities included in strategic investments | 35,280 | 35,280 | — | — | |||||||||||||||||||
| Privately held debt securities included in strategic investments | 4,450 | — | — | 4,450 | |||||||||||||||||||
| Total financial assets | $ | 7,349,060 | $ | 860,324 | $ | 6,484,286 | $ | 4,450 | |||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2026 | Feb 27, 2026 | Showing above |
| 2025 | Feb 28, 2025 | |
| 2024 | Mar 4, 2024 | |
| 2023 | Mar 3, 2023 | |
| 2022 | Mar 7, 2022 | |
| 2021 | Mar 18, 2021 | |
| 2020 | Mar 20, 2020 | |
About Fair Value Disclosures
Fair value disclosures classify all assets and liabilities measured at fair value into a three-level hierarchy: Level 1 (quoted market prices), Level 2 (observable inputs like yield curves), and Level 3 (unobservable inputs requiring management estimates). The proportion of Level 3 assets directly reflects how much of the balance sheet depends on internal models rather than market evidence.
Key signals: a growing Level 3 balance relative to total fair-value assets increases valuation uncertainty and earnings volatility risk. Watch for transfers between levels — assets moving from Level 2 to Level 3 often signal deteriorating market liquidity. Unrealized gains and losses on Level 3 positions flow through earnings or other comprehensive income, so large swings deserve scrutiny. For financial institutions, examine the sensitivity disclosures that show how Level 3 valuations change under alternative assumptions. Compare the fair value of debt against its carrying amount to gauge hidden leverage.