Zoom’s Q2 Earnings: Did They Blow Past Expectations or Just Play it Safe? Here’s What Investors *Really* Need to Know.

Zoom Communications just dropped their Q3 results for July 2025, and if you thought Zoom was just about frozen screens and awkward video calls, think again. Revenue clocked in at $1.22 billion — that’s a neat 4.7% jump from last year. Earnings per share didn’t just grow; they leveled up from $1.39 to $1.53, beating Wall Street’s cozy little expectations. But here’s the kicker — revenue and EPS surprises of +1.66% and +11.68%, respectively — that’s the kind of fireworks investors like to see when the numbers hit the stage. Now, don’t just eyeball the headline figures; the real story’s buried in the details — the enterprise customers count, remaining performance obligations, and revenue splits paint a sharper portrait of Zoom’s pulse. Sure, the stock’s been a bit of a rollercoaster lately, slipping -5.1% over the past month compared to the market’s modest climb. But with a Zacks #3 Hold rating, it’s playing the long game — maybe waiting for the next big breakout. Curious how Zoom’s numbers stack up beneath the surface? Dive into the granular gains and gaps that show where this tech titan’s really at. LEARN MORE

For the quarter ended July 2025, Zoom Communications (ZM) reported revenue of $1.22 billion, up 4.7% over the same period last year. EPS came in at $1.53, compared to $1.39 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $1.2 billion, representing a surprise of +1.66%. The company delivered an EPS surprise of +11.68%, with the consensus EPS estimate being $1.37.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company’s financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock’s price performance.

Here is how Zoom performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Enterprise customers: 184,000 versus the four-analyst average estimate of 186,862.
• Customers >$100K TTM Revenue: 4,274 compared to the 4,233 average estimate based on three analysts.
• Current remaining performance obligation (RPO): $2.41 billion compared to the $2.45 billion average estimate based on three analysts.
• Remaining performance obligations (RPO): $3.98 billion versus the two-analyst average estimate of $4 billion.
• Non-current remaining performance obligation (RPO): $1.57 billion versus $1.53 billion estimated by two analysts on average.
• Revenue- Online: $486.6 million versus the three-analyst average estimate of $477.5 million.
• Revenue- Enterprise: $730.7 million versus $719.9 million estimated by three analysts on average.

Shares of Zoom have returned -5.1% over the past month versus the Zacks S&P 500 composite’s +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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