0001585521-26-000071 | 10-Q | XBRL Viewer

Business Combinations

3 Months Ended

Apr. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Business Combinations

BrightHire, Inc.

On December 1, 2025, we acquired 100% of the issued and outstanding share capital of BrightHire, Inc., a private company providing AI-powered interview intelligence and hiring automation, for all-cash purchase consideration of $98.0 million. The acquisition expands Zoom Workplaces’s capabilities in recruiting and candidate engagement. The acquisition was accounted for as a business combination.

In allocating the purchase consideration for the acquisition, the following table summarizes the amounts attributed to goodwill, identifiable intangible assets, and other net assets acquired:


	(in thousands)
Goodwill	$	73,657
Identifiable intangible assets	19,900
Other net assets acquired	4,397
Total purchase consideration	$	97,955

The goodwill amount represents synergies related to our existing products expected to be realized from the acquisition and assembled workforce. The associated goodwill is not deductible for tax purposes. The allocation of the purchase price is based upon a preliminary valuation, and as additional information becomes available, our estimates and assumptions may be subject to refinement within the measurement period, which may be up to one year from the acquisition date. Uncertain tax positions are initially established in connection with the acquisition as of the acquisition date. We continue to collect

information and reevaluate these estimates and assumptions quarterly. We will record any adjustments to our preliminary estimates to goodwill, provided that it is within the one-year measurement period.

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition:


	Fair Value		Useful Life
	(in thousands)		(years)
Developed technology	$	9,000	5.0
Customer relationships	9,800		5.0
Trade names	1,100		3.0
Identifiable intangible assets	$	19,900

Intangible assets are amortized using the straight-line method over their respective estimated useful lives. Amortization of developed technology is recorded within cost of revenue, and amortization of customer relationships and trade names is recorded within sales and marketing expense in the consolidated statements of operations.

Transaction costs incurred in connection with this acquisition were immaterial. The results of operations of BrightHire, Inc., which are not material, have been included in our consolidated financial statements from the date of the acquisition. Pro forma results of operations reflecting the acquisition of BrightHire, Inc. have not been presented, as the results do not have a material effect on any of the periods presented in our consolidated statements of operations.

Other Acquisitions

During the fiscal year ended January 31, 2026, we also completed other acquisitions that were immaterial and included the results in our consolidated financial statements from the date of the acquisitions.

- Definition

The entire disclosure for business combination.

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+ Details

Stockholders’ Equity and Equity Incentive Plans

3 Months Ended

Apr. 30, 2026

Equity [Abstract]

Stockholders’ Equity and Equity Incentive Plans

Common Stock

Our amended and restated certificate of incorporation authorizes the issuance of 2,000,000,000 shares of Class A common stock, $0.001 par value per share, and 300,000,000 shares of Class B common stock, $0.001 par value per share. Class A and Class B common stock are referred to as common stock throughout the notes to the condensed consolidated financial statements, unless otherwise noted.

Stock Repurchase Program

In February 2024, our Board of Directors authorized a stock repurchase program of up to $1.5 billion of our Class A common stock. In November 2024, our Board of Directors authorized the repurchase of an additional $1.2 billion of our outstanding Class A common stock. In November 2025, our Board of Directors authorized the repurchase of an additional $1.0 billion of our outstanding Class A common stock. Repurchases of our Class A common stock may be effected from time to time, either on the open market (including preset trading plans), in privately negotiated transactions, and other transactions in accordance with applicable securities laws. The repurchase program, which has no expiration date, does not obligate us to repurchase any specific number of shares and may be discontinued at any time.

During the three months ended April 30, 2026, we repurchased and subsequently retired 4,169,208 shares of our Class A common stock for an aggregate amount of $361.7 million. As of April 30, 2026, $625.0 million of the repurchase authorization remained available.

In May 2026, our Board of Directors authorized the repurchase of an additional $1.0 billion of our outstanding Class A common stock, under our existing repurchase program.

Equity Incentive Plans

We have two equity incentive plans: the 2011 Global Share Plan (“2011 Plan”) and the 2019 Equity Incentive Plan (“2019 Plan”). All shares that remain available for future grants are under the 2019 Plan.

Stock Options

A summary of stock option activity under our equity incentive plan and related information is as follows:


	Stock Options
	Outstanding Stock Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value

	(in thousands, except share, life, and per share data)
Balance as of January 31, 2026	1,542,753	$	11.81	2.2	$	124,080
Exercised	(248,640)	$2.03			$	19,837
Canceled/forfeited/expired	—	$	—
Outstanding and exercisable as of April 30, 2026	1,294,113	$13.69		2.2	$	108,007

As of April 30, 2026, all options have vested and there is no unrecognized stock-based compensation expense remaining.

Restricted Stock Units

A summary of RSU activity under our equity incentive plan and related information is as follows:


	RSUs
	RSUs	Weighted- Average Grant Date Fair Value Per Share
Unvested as of January 31, 2026	20,106,305	$	75.51
Granted	5,217,795	$	82.69

Vested	(2,642,984)	$	74.63
Canceled/forfeited	(818,494)	$	75.86
Unvested as of April 30, 2026	21,862,622	$	77.32

As of April 30, 2026, unrecognized stock-based compensation expense related to RSUs was $1,585.6 million, which is expected to be recognized over a weighted-average period of 3.0 years.

2019 Employee Stock Purchase Plan

In April 2019, we adopted the 2019 Employee Stock Purchase Plan (“ESPP”). As of April 30, 2026, unrecognized stock-based compensation expense related to the ESPP was $9.4 million, which is expected to be recognized over a weighted-average period of 1.1 years.

Stock-Based Compensation

The stock-based compensation expense by line item in the accompanying condensed consolidated statements of operations is summarized as follows:


	Three Months Ended April 30,
	2026		2025

	(in thousands)
Cost of revenue	$	20,963	$	27,427
Research and development	71,026		72,936
Sales and marketing	58,039		68,433
General and administrative	28,925		32,773
Total stock-based compensation expense	$	178,953	$	201,569
Benefit from income taxes	(33,697)		(38,161)
Total stock-based compensation expense recorded to net income	$	145,256	$	163,408

Revenue Recognition - Disaggregation of Revenue by Region (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Disaggregation of Revenue [Line Items]
Amount	$ 1,239,006	$ 1,174,715
Revenue from Contract with Customer \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of Revenue	100.00%	100.00%
Americas
Disaggregation of Revenue [Line Items]
Amount	$ 893,572	$ 847,696
Americas \| Revenue from Contract with Customer \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of Revenue	72.10%	72.20%
Asia Pacific (“APAC”)
Disaggregation of Revenue [Line Items]
Amount	$ 150,510	$ 141,770
Asia Pacific (“APAC”) \| Revenue from Contract with Customer \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of Revenue	12.10%	12.10%
Europe, Middle East, and Africa (“EMEA”)
Disaggregation of Revenue [Line Items]
Amount	$ 194,924	$ 185,249
Europe, Middle East, and Africa (“EMEA”) \| Revenue from Contract with Customer \| Geographic Concentration Risk
Disaggregation of Revenue [Line Items]
Percentage of Revenue	15.80%	15.70%

- Definition

For an entity that discloses a concentration risk in relation to quantitative amount, which serves as the "benchmark" (or denominator) in the equation, this concept represents the concentration percentage derived from the division.

+ References + Details

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise.

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+ Details

Net Income Per Share - Schedule of Potential Shares of Common Stock Excluded from Computation of Diluted Net Income Per Share (Details) - shares	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Class A
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	341,918	2,565,977
Class A \| RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	6,876	2,262,575
Class A \| Purchase rights committed under the ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	258,618	211,765
Class A \| Outstanding stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	76,424	91,637
Class A \| Shares reserved for transfer to nonprofit organizations
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	164,192	164,192
Class B
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0	0
Class B \| RSUs
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0	0
Class B \| Purchase rights committed under the ESPP
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0	0
Class B \| Outstanding stock options
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive securities excluded from computation of earnings per share, amount (in shares)	0	0

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Current assets:
Cash and cash equivalents	$ 890,938	$ 1,272,877
Marketable securities	6,830,037	6,544,031
Accounts receivable, net of allowances of $19,120 and $18,348 as of April 30, 2026 and January 31, 2026, respectively	467,815	497,339
Deferred contract acquisition costs, current	125,118	108,856
Prepaid expenses and other current assets	261,096	234,856
Total current assets	8,575,004	8,657,959
Deferred contract acquisition costs, noncurrent	234,497	215,533
Property and equipment, net	252,807	264,525
Operating lease right-of-use assets	55,510	52,423
Strategic investments	1,876,419	1,578,611
Goodwill	400,392	400,392
Deferred tax assets	628,432	646,640
Other assets, noncurrent	138,956	144,333
Total assets	12,162,017	11,960,416
Current liabilities:
Accounts payable	18,697	6,268
Accrued expenses and other current liabilities	533,193	581,773
Deferred revenue, current	1,479,635	1,411,149
Total current liabilities	2,031,525	1,999,190
Deferred revenue, noncurrent	13,814	13,195
Operating lease liabilities, noncurrent	31,923	30,710
Other liabilities, noncurrent	113,607	109,063
Total liabilities	2,190,869	2,152,158
Commitments and contingencies (Note 7)
Stockholders’ equity:
Common stock, $0.001 par value per share, 2,000,000,000 Class A shares authorized as of April 30, 2026 and January 31, 2026; 264,877,071 and 266,805,638 shares issued and outstanding as of April 30, 2026 and January 31, 2026, respectively; 300,000,000 Class B shares authorized as of April 30, 2026 and January 31, 2026; 28,610,574 and 28,721,770 shares issued and outstanding as of April 30, 2026 and January 31, 2026, respectively	293	295
Additional paid-in capital	3,853,641	4,099,753
Accumulated other comprehensive income	(8,129)	8,544
Retained earnings	6,125,343	5,699,666
Total stockholders’ equity	9,971,148	9,808,258
Total liabilities and stockholders’ equity	$ 12,162,017	$ 11,960,416

Summary of Business and Significant Accounting Policies	3 Months Ended
Summary of Business and Significant Accounting Policies	Apr. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Business and Significant Accounting Policies	Summary of Business and Significant Accounting Policies Description of Business Zoom provides an AI-first, open work platform that enables a system of action for modern work, turning live collaboration into completed results and moving conversations to completion. Zoom enables customers to seamlessly collaborate, communicate, and drive outcomes across meetings, chat, phone, contact center, events, and more — all with the built-in assistance of Zoom AI Companion. We were incorporated in the state of Delaware in April 2011, and are headquartered in San Jose, California. Fiscal Year Our fiscal year ends on January 31. References to fiscal year 2027, for example, refer to the fiscal year ending January 31, 2027. Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and applicable regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting, and include the accounts of Zoom Communications, Inc., its subsidiaries, and variable interest entities for which we are the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of January 31, 2026 included herein was derived from the audited financial statements as of that date, but does not include all disclosures, including certain notes required by GAAP on an annual reporting basis. The unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to fairly present the balance sheets, statements of operations, statements of comprehensive income, statements of stockholders’ equity, and statements of cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year or any future period. The unaudited condensed consolidated financial statements should be read in conjunction with the audited consolidated financial statements and notes included in our Annual Report on Form 10-K for the year ended January 31, 2026, filed with the SEC on February 27, 2026. Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Significant items subject to such estimates and assumptions include, but are not limited to, the estimated expected benefit period for deferred contract acquisition costs, the fair value of marketable securities, acquired intangible assets and goodwill, the valuation of deferred income tax assets and uncertain tax positions, and accruals and contingencies. Actual results could materially differ from those estimates. Summary of Significant Accounting Policies Our significant accounting policies are discussed in Note 1. “Summary of Business and Significant Accounting Policies” in the notes to consolidated financial statements included in our Annual Report on Form 10-K for the year ended January 31, 2026, filed with the SEC on February 27, 2026. There have been no significant changes to these policies during the three months ended April 30, 2026. Recent Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), which aims to improve financial reporting by requiring additional disclosure about specific expense categories in the notes to financial statements at interim and annual reporting periods. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of the adoption of this ASU on our consolidated financial statements. In September 2025, the Financial Accounting Standards Board issued ASU No. 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (“ASU 2025-06”), which aims to modernize financial reporting by updating how entities recognize and disclose costs incurred for software developed for internal use. ASU 2025-06 is effective for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact of the adoption of this ASU on our consolidated financial statements.

Net Income Per Share (Tables)

3 Months Ended

Apr. 30, 2026

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Net Income (Loss) Per Share

The following table sets forth the computation of basic and diluted net income per share for the periods presented:


	Three Months Ended April 30,
	2026				2025
	Class A		Class B		Class A		Class B
	(in thousands, except share and per share data)
Numerator:


Net income, basic	$	384,203	$	41,474	$	219,213	$	35,390
Reallocation of net income	(949)		949		(634)		634
Net income, diluted	$	383,254	$	42,423	$	218,579	$	36,024
Denominator:
Weighted-average shares used in computing net income per share, basic	265,748,247		28,686,705		262,526,502		42,382,150
Weighted-average shares used in computing net income per share, diluted	270,312,284		29,921,383		268,527,554		44,256,307
Net income per share, basic	$	1.45	$	1.45	$	0.84	$	0.84
Net income per share, diluted	$	1.42	$	1.42	$	0.81	$	0.81

Schedule of Potential Shares of Common Stock Excluded from Computation of Diluted Net Income Per Share

The potential shares of common stock that were excluded from the computation of diluted net income per share for the periods presented, because including them would have been anti-dilutive, are as follows:


	Three Months Ended April 30,
	2026		2025
	Class A	Class B	Class A	Class B
Unvested RSUs	6,876	—	2,262,575	—
Purchase rights committed under the ESPP	258,618	—	211,765	—
Outstanding stock options	76,424	—	91,637	—
Total	341,918	—	2,565,977	—

Segment Information

3 Months Ended

Apr. 30, 2026

Segment Reporting [Abstract]

Segment Information

Segment information

Our CEO is the Chief Operating Decision Maker (“CODM”) of the Company. The Company manages the business activities on a consolidated basis and all information provided to and reviewed by our CODM is compiled at the consolidated entity level. Therefore, we have only one operating and reportable segment. The description of the types of products and services from which the reportable segment derives its revenue is the same as those described in the Summary of Business and Significant Accounting Policies.

The measure of segment profit or loss that our CODM uses to allocate resources and assess performance is our consolidated net income. The CODM uses net income to monitor results and to decide whether to reinvest profits. Our CODM does not assess segment performance or make decisions using asset or liability information.

The following table summarizes the significant segment expenses regularly provided to the CODM as well as other segment items:


	Three Months Ended April 30,
	2026		2025

	(in thousands)
Revenue	$	1,239,006	$	1,174,715

Adjusted cost of revenue (1)	248,798		244,631
Adjusted research and development (1)	153,112		127,079
Adjusted sales and marketing (1)	265,240		271,799
Adjusted general and administrative (1)	63,137		63,880
Stock-based compensation expense	178,953		201,569
Interest income	(70,283)		(81,782)
Other segment items (2)	(131,571)		31,774
Provision for income taxes	105,943		61,162
Segment net income	425,677		254,603
Adjustments and reconciling items	—		—
Consolidated net income	$	425,677	$	254,603

(1) Excludes stock-based compensation expense and related payroll taxes, acquisition-related expenses, and litigation settlements, net.

(2) Includes payroll taxes related to stock-based compensation, acquisition-related expenses, litigation settlements, net, gains on strategic investments, net, and other income, net excluding interest income.

- Definition

The entire disclosure for segment reporting.

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+ Details

Business Combinations - Schedule of Purchase Consideration for Acquisition (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026	Dec. 01, 2025
Business Combination [Line Items]
Goodwill	$ 400,392	$ 400,392
BrightHire, Inc.
Business Combination [Line Items]
Goodwill			$ 73,657
Identifiable intangible assets			19,900
Other net assets acquired			4,397
Total purchase consideration			$ 97,955

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

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+ Details

- Definition

Amount, after accumulated impairment loss, of asset representing future economic benefit arising from other asset acquired in business combination or from joint venture formation or both, that is not individually identified and separately recognized.

+ References

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+ Details

Fair Value Measurements (Tables)

3 Months Ended

Apr. 30, 2026

Fair Value Disclosures [Abstract]

Schedule of Financial Instruments Measured at Fair Value on Recurring Basis

The following tables present information about our financial instruments that are measured at fair value on a recurring basis and indicate the level within the fair value hierarchy of the key valuation inputs utilized to determine such fair value:


	As of April 30, 2026
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	470,662	$	470,662	$	—	$	—


Agency bonds	3,486		—		3,486		—
Cash equivalents	474,148		470,662		3,486		—
U.S. government agency securities	5,590,416		—		5,590,416		—
Agency bonds	1,195,153		—		1,195,153		—

Treasury bills	44,468		—		44,468		—

Marketable securities	6,830,037		—		6,830,037		—




Privately held debt securities included in strategic investments	3,978		—		—		3,978
Total financial assets	$	7,308,163	$	470,662	$	6,833,523	$	3,978


	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		—
U.S. government agency securities	5,383,887		—		5,383,887		—
Agency bonds	1,095,471		—		1,095,471		—

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

Insider Trading Arrangements

3 Months Ended

Apr. 30, 2026

Trading Arrangements, by Individual

Material Terms of Trading Arrangement

During the Company’s last fiscal quarter, the Company’s directors and officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified, or terminated the contracts, instructions or written plans for the purchase or sale of the Company’s securities set forth in the table below.

Type of Trading Arrangement

Name and Position

Action

Adoption/ Termination

Date

Rule 10b5-1*

Non-

Rule 10b5-1**

Total Shares of Class A Common Stock to be Sold***

Expiration Date

Velchamy Sankarlingam, Executive Officer

Adoption

04/15/2026

Up to 83,094

07/22/2027

* Contract, instruction or written plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act.

** “Non-Rule 10b5-1 trading arrangement” as defined in Item 408(c) of Regulation S-K under the Exchange Act.

*** Represents the maximum number of shares that may be sold pursuant to the 10b5-1 arrangement. The actual number of shares sold will be dependent on the satisfaction of certain conditions as set forth in the written plan.

Non-Rule 10b5-1 Arrangement Adopted

false

Rule 10b5-1 Arrangement Terminated

false

Non-Rule 10b5-1 Arrangement Terminated

false

Velchamy Sankarlingam [Member]

Trading Arrangements, by Individual

Name

Velchamy Sankarlingam

Title

Executive Officer

Rule 10b5-1 Arrangement Adopted

true

04/15/2026

07/22/2027

463 days

83,094

Stockholders’ Equity and Equity Incentive Plans (Tables)

3 Months Ended

Apr. 30, 2026

Equity [Abstract]

Schedule of Stock Option Activity Under Equity Incentive Plan

A summary of stock option activity under our equity incentive plan and related information is as follows:


	Stock Options
	Outstanding Stock Options	Weighted- Average Exercise Price		Weighted- Average Remaining Contractual Life (Years)	Aggregate Intrinsic Value

	(in thousands, except share, life, and per share data)
Balance as of January 31, 2026	1,542,753	$	11.81	2.2	$	124,080
Exercised	(248,640)	$2.03			$	19,837
Canceled/forfeited/expired	—	$	—
Outstanding and exercisable as of April 30, 2026	1,294,113	$13.69		2.2	$	108,007

Schedule of Restricted Stock Units (RSUs) Activity Under Equity Incentive Plan

A summary of RSU activity under our equity incentive plan and related information is as follows:


	RSUs
	RSUs	Weighted- Average Grant Date Fair Value Per Share
Unvested as of January 31, 2026	20,106,305	$	75.51
Granted	5,217,795	$	82.69

Vested	(2,642,984)	$	74.63
Canceled/forfeited	(818,494)	$	75.86
Unvested as of April 30, 2026	21,862,622	$	77.32

Schedule of Stock-based Compensation Expense

The stock-based compensation expense by line item in the accompanying condensed consolidated statements of operations is summarized as follows:


	Three Months Ended April 30,
	2026		2025

	(in thousands)
Cost of revenue	$	20,963	$	27,427
Research and development	71,026		72,936
Sales and marketing	58,039		68,433
General and administrative	28,925		32,773
Total stock-based compensation expense	$	178,953	$	201,569
Benefit from income taxes	(33,697)		(38,161)
Total stock-based compensation expense recorded to net income	$	145,256	$	163,408

Investments - Schedule of Strategic Investments (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Debt securities	$ 3,978	$ 3,968
Fair value of strategic investments	3,978	3,968
Measurement Alternative	1,748,737	1,448,531
Equity Method	123,704	126,112
Total equity securities	1,872,441	1,574,643
Total strategic investments	1,876,419	1,578,611
Fair Value
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Equity securities	0	0
Debt securities	$ 3,978	$ 3,968

- Definition

Fair value of investment other than investment in equity security, investment in debt security and equity method investment. Includes, but is not limited to, investment in certain entities that calculate net asset value per share. Example includes, but is not limited to, investment in hedge fund, venture capital fund, private equity fund, and real estate partnership or fund.

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-Topic 820
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+ Details

- Definition

Fair value portion of investments accounted under the equity method.

+ References + Details

- Definition

Fair value portion of investment securities, including, but not limited to, marketable securities, derivative financial instruments, and investments accounted for under the equity method.

+ References + Details

Balance Sheet Components - Schedule of Allowance for Credit Loss (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Beginning balance	$ 14,373	$ 17,262
Provision for credit losses	3,157	5,943
Write-offs	(2,449)	(4,920)
Ending balance	$ 15,081	$ 18,285

Subsequent Events (Details) - USD ($) $ in Millions	May 22, 2026	Apr. 30, 2026	Nov. 30, 2025	Nov. 30, 2024
Subsequent Event [Line Items]
Remaining authorized repurchase amount		$ 625.0
Class A
Subsequent Event [Line Items]
Stock repurchase program, additional amount authorized			$ 1,000.0	$ 1,200.0
Subsequent Event \| Class A
Subsequent Event [Line Items]
Stock repurchase program, additional amount authorized	$ 1,000.0

Segment Information - Additional Information (Details)	3 Months Ended
Segment Information - Additional Information (Details)	Apr. 30, 2026 segment
Segment Reporting [Abstract]
Number of operating segments	1
Number of reportable segments	1

Balance Sheet Components - Schedule of Accrued Expenses and Other Current Liabilities (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accrued expenses	$ 183,607	$ 192,478
Accrued compensation and benefits	141,244	206,367
Income tax liabilities	17,386	18,947
Sales and other non-income tax liabilities	39,763	41,919
Customer deposit liabilities	58,561	56,734
Operating lease liabilities, current	28,289	27,765
Other	64,343	37,563
Accrued expenses and other current liabilities	$ 533,193	$ 581,773

Stockholders’ Equity and Equity Incentive Plans - Summary of Restricted Stock Units Activity Under Equity Incentive Plan (Details) - RSUs	3 Months Ended
	Apr. 30, 2026 $ / shares shares
RSUs
Beginning balance (in shares) \| shares	20,106,305
Granted (in shares) \| shares	5,217,795
Vested (in shares) \| shares	(2,642,984)
Canceled/forfeited (in shares) \| shares	(818,494)
Ending balance (in shares) \| shares	21,862,622
Weighted- Average Grant Date Fair Value Per Share
Beginning balance (in dollars per share) \| $ / shares	$ 75.51
Granted (in dollars per share) \| $ / shares	82.69
Vested (in dollars per share) \| $ / shares	74.63
Canceled/forfeited (in dollars per share) \| $ / shares	75.86
Ending balance (in dollars per share) \| $ / shares	$ 77.32

Summary of Business and Significant Accounting Policies (Policies)	3 Months Ended
	Apr. 30, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“GAAP”) and applicable regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting, and include the accounts of Zoom Communications, Inc., its subsidiaries, and variable interest entities for which we are the primary beneficiary. All intercompany balances and transactions have been eliminated in consolidation. The condensed consolidated balance sheet as of January 31, 2026 included herein was derived from the audited financial statements as of that date, but does not include all disclosures, including certain notes required by GAAP on an annual reporting basis. The unaudited condensed consolidated financial statements reflect all normal recurring adjustments necessary to fairly present the balance sheets, statements of operations, statements of comprehensive income, statements of stockholders’ equity, and statements of cash flows for the interim periods, but are not necessarily indicative of the results of operations to be anticipated for the full fiscal year or any future period.
Use of Estimates	Use of Estimates The preparation of condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, and the reported amounts of revenue and expenses during the reporting period. Significant items subject to such estimates and assumptions include, but are not limited to, the estimated expected benefit period for deferred contract acquisition costs, the fair value of marketable securities, acquired intangible assets and goodwill, the valuation of deferred income tax assets and uncertain tax positions, and accruals and contingencies. Actual results could materially differ from those estimates.
Recent Accounting Pronouncements Not Yet Adopted	Recent Accounting Pronouncements Not Yet Adopted In November 2024, the FASB issued ASU No. 2024-03, Income Statement—Reporting Comprehensive Income—Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses (“ASU 2024-03”), which aims to improve financial reporting by requiring additional disclosure about specific expense categories in the notes to financial statements at interim and annual reporting periods. ASU 2024-03 is effective for fiscal years beginning after December 15, 2026 and interim periods within fiscal years beginning after December 15, 2027. Early adoption is permitted. We are currently evaluating the impact of the adoption of this ASU on our consolidated financial statements. In September 2025, the Financial Accounting Standards Board issued ASU No. 2025-06, Intangibles—Goodwill and Other—Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (“ASU 2025-06”), which aims to modernize financial reporting by updating how entities recognize and disclose costs incurred for software developed for internal use. ASU 2025-06 is effective for fiscal years beginning after December 15, 2027, and interim periods within those fiscal years. Early adoption is permitted. We are currently evaluating the impact of the adoption of this ASU on our consolidated financial statements.

- Definition

Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles.

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+ Details

Net Income Per Share - Schedule of Computation of Basic and Diluted Net Income Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Denominator:
Weighted-average shares used in computing net income per share, basic (in shares)	294,434,952	304,908,652
Weighted-average shares used in computing net income per share, diluted (in shares)	300,233,667	312,783,861
Net income per share, basic (in dollars per share)	$ 1.45	$ 0.84
Net income per share, diluted (in dollars per share)	$ 1.42	$ 0.81
Class A
Numerator:
Net income, basic	$ 384,203	$ 219,213
Reallocation of net income	(949)	(634)
Net income, diluted	$ 383,254	$ 218,579
Denominator:
Weighted-average shares used in computing net income per share, basic (in shares)	265,748,247	262,526,502
Weighted-average shares used in computing net income per share, diluted (in shares)	270,312,284	268,527,554
Net income per share, basic (in dollars per share)	$ 1.45	$ 0.84
Net income per share, diluted (in dollars per share)	$ 1.42	$ 0.81
Class B
Numerator:
Net income, basic	$ 41,474	$ 35,390
Reallocation of net income	949	634
Net income, diluted	$ 42,423	$ 36,024
Denominator:
Weighted-average shares used in computing net income per share, basic (in shares)	28,686,705	42,382,150
Weighted-average shares used in computing net income per share, diluted (in shares)	29,921,383	44,256,307
Net income per share, basic (in dollars per share)	$ 1.45	$ 0.84
Net income per share, diluted (in dollars per share)	$ 1.42	$ 0.81

Investments - Summary of Contractual Maturities of Marketable Securities (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Investments, Debt and Equity Securities [Abstract]
Less than one year	$ 3,118,570	$ 3,168,258
Due in one to five years	3,711,467	3,375,773
Total	$ 6,830,037	$ 6,544,031

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

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+ Details

Investments - Summary of Marketable Securities (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Marketable Securities [Line Items]
Amortized Cost	$ 6,841,552	$ 6,533,457
Gross Unrealized Gains	3,884	12,131
Gross Unrealized Losses	(15,399)	(1,557)
Estimated Fair Value	6,830,037	6,544,031
U.S. government agency securities
Marketable Securities [Line Items]
Amortized Cost	5,598,728	5,373,782
Gross Unrealized Gains	3,650	11,094
Gross Unrealized Losses	(11,962)	(989)
Estimated Fair Value	5,590,416	5,383,887
Agency bonds
Marketable Securities [Line Items]
Amortized Cost	1,198,350	1,095,004
Gross Unrealized Gains	234	1,032
Gross Unrealized Losses	(3,431)	(565)
Estimated Fair Value	1,195,153	1,095,471
Treasury bills
Marketable Securities [Line Items]
Amortized Cost	44,474	64,671
Gross Unrealized Gains	0	5
Gross Unrealized Losses	(6)	(3)
Estimated Fair Value	$ 44,468	$ 64,673

- Definition

Amortized cost of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

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+ Details

- Definition

Amount of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

+ Details

CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY - USD ($) $ in Thousands	Total	Common Stock	Additional Paid-In Capital	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
Beginning balance (in shares) at Jan. 31, 2025		305,740,864
Beginning balance at Jan. 31, 2025	$ 8,935,084	$ 305	$ 5,130,271	$ 4,990	$ 3,799,518
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)		355,620
Issuance of common stock upon exercise of stock options	954		954
Issuance of common stock upon release of restricted stock units (in shares)		4,016,633
Issuance of common stock upon release of restricted stock units	0	$ 4	(4)
Shares withheld related to net share settlement of equity awards (in shares)		(1,171,871)
Shares withheld related to net share settlement of equity awards	(82,153)	$ (1)	(82,152)
Repurchase of common stock, including excise taxes (in shares)		(5,561,920)
Repurchase of common stock, including excise taxes	(419,906)	$ (6)	(419,900)
Stock-based compensation expense	203,631		203,631
Other comprehensive (loss) income	10,155			10,155
Net income	254,603				254,603
Ending balance (in shares) at Apr. 30, 2025		303,379,326
Ending balance at Apr. 30, 2025	8,902,368	$ 302	4,832,800	15,145	4,054,121
Beginning balance (in shares) at Jan. 31, 2026		295,527,408
Beginning balance at Jan. 31, 2026	$ 9,808,258	$ 295	4,099,753	8,544	5,699,666
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Issuance of common stock upon exercise of stock options (in shares)	248,640	248,640
Issuance of common stock upon exercise of stock options	$ 504	$ 0	504
Issuance of common stock upon release of restricted stock units (in shares)		2,642,984
Issuance of common stock upon release of restricted stock units	0	$ 3	(3)
Shares withheld related to net share settlement of equity awards (in shares)		(762,179)
Shares withheld related to net share settlement of equity awards	(62,168)	$ (1)	(62,167)
Repurchase of common stock, including excise taxes (in shares)		(4,169,208)
Repurchase of common stock, including excise taxes	(363,563)	$ (4)	(363,559)
Stock-based compensation expense	179,113		179,113
Other comprehensive (loss) income	(16,673)			(16,673)
Net income	425,677				425,677
Ending balance (in shares) at Apr. 30, 2026		293,487,645
Ending balance at Apr. 30, 2026	$ 9,971,148	$ 293	$ 3,853,641	$ (8,129)	$ 6,125,343

Cover - shares	3 Months Ended
Cover - shares	Apr. 30, 2026	May 08, 2026
Document Information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Apr. 30, 2026
Document Transition Report	false
Entity File Number	001-38865
Entity Registrant Name	Zoom Communications, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	61-1648780
Entity Address, Address Line One	55 Almaden Boulevard
Entity Address, Address Line Two	6th Floor
Entity Address, City or Town	San Jose
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95113
City Area Code	888
Local Phone Number	799-9666
Title of 12(b) Security	Class A Common Stock, $0.001 par value per share
Trading Symbol	ZM
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Amendment Flag	false
Document Fiscal Year Focus	2027
Document Fiscal Period Focus	Q1
Entity Central Index Key	0001585521
Current Fiscal Year End Date	--01-31
Class A
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		264,645,644
Class B
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		28,586,574

Balance Sheet Components - Schedule of Accounts Receivable (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026	Apr. 30, 2025	Jan. 31, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts receivable, gross	$ 486,935	$ 515,687
Less: allowance for credit losses	(15,081)	(14,373)	$ (18,285)	$ (17,262)
Less: allowance for returns	(4,039)	(3,975)
Accounts receivable, net	$ 467,815	$ 497,339

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Statement of Comprehensive Income [Abstract]
Unrealized (loss) gain on available for sale marketable securities, tax benefit (expense)	$ 5,410	$ (3,123)

Income Taxes (Details) - USD ($) $ in Thousands	3 Months Ended
Income Taxes (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Apr. 30, 2025
Income Tax Disclosure [Abstract]
Income before provision for income taxes	$ 531,620	$ 315,765
Provision for income taxes	$ 105,943	$ 61,162
Effective tax rate	19.90%	19.40%

- Definition

Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.

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- Definition

Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations.

+ References

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Balance Sheet Components - Schedule of Property and Equipment, Net (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Property, Plant, and Equipment [Line Items]
Property and equipment, gross	$ 660,764	$ 653,460
Less: accumulated depreciation and amortization	(407,957)	(388,935)
Property and equipment, net	252,807	264,525
Servers
Property, Plant, and Equipment [Line Items]
Property and equipment, gross	384,796	386,702
Software
Property, Plant, and Equipment [Line Items]
Property and equipment, gross	171,870	157,347
Computer and office equipment
Property, Plant, and Equipment [Line Items]
Property and equipment, gross	44,543	45,944
Leasehold improvements
Property, Plant, and Equipment [Line Items]
Property and equipment, gross	54,495	57,761
Furniture and fixtures
Property, Plant, and Equipment [Line Items]
Property and equipment, gross	$ 5,060	$ 5,706

- Definition

Amount of accumulated depreciation, depletion, and amortization of property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

+ References + Details

- Definition

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Amount, after accumulated depreciation, depletion, and amortization, of property, plant, and equipment. Includes, but is not limited to, land and land improvement; building; machinery and equipment; furniture and fixture; and work of art, historical treasure, or similar asset classified as collection.

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Current assets:
Accounts receivable, allowances	$ 19,120	$ 18,348
Stockholders’ equity:
Common stock, par value (in dollars per share)	$ 0.001	$ 0.001
Class A
Stockholders’ equity:
Common stock, par value (in dollars per share)	$ 0.001
Common stock, shares authorized (in shares)	2,000,000,000	2,000,000,000
Common stock, shares issued (in shares)	264,877,071	266,805,638
Common stock, shares outstanding (in shares)	264,877,071	266,805,638
Class B
Stockholders’ equity:
Common stock, par value (in dollars per share)	$ 0.001
Common stock, shares authorized (in shares)	300,000,000	300,000,000
Common stock, shares issued (in shares)	28,610,574	28,721,770
Common stock, shares outstanding (in shares)	28,610,574	28,721,770

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Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation.

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Business Combinations - Additional Information (Details) - BrightHire, Inc.	Dec. 01, 2025 USD ($)
Business Combination [Line Items]
Percentage of voting interests acquired	100.00%
Cash consideration paid	$ 98,000,000.0
Goodwill tax deductible amount	$ 0

- Definition

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Reference 30: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 31: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 32: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 30
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479581/805-30-50-1

Reference 33: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (e)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 34: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 35: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (b)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 36: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 20
-Name Accounting Standards Codification
-Section 50
-Paragraph 1
-Subparagraph (a)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479907/805-20-50-1

Reference 37: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 38: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)(4)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 39: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 40: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)(2)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 41: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (g)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

Reference 42: http://www.xbrl.org/2003/role/disclosureRef
-Topic 805
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147479328/805-10-50-2

+ Details

Stockholders' Equity and Equity Incentive Plans - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	$ 178,953	$ 201,569
Benefit from income taxes	(33,697)	(38,161)
Total stock-based compensation expense recorded to net income	145,256	163,408
Location, Statement of Income, Balance [Axis]: us-gaap:CostOfGoodsAndServicesSold
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	20,963	27,427
Location, Statement of Income, Balance [Axis]: us-gaap:GeneralAndAdministrativeExpense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	28,925	32,773
Location, Statement of Income, Balance [Axis]: us-gaap:ResearchAndDevelopmentExpense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	71,026	72,936
Location, Statement of Income, Balance [Axis]: us-gaap:SellingAndMarketingExpense
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]
Total stock-based compensation expense	$ 58,039	$ 68,433

Stockholders' Equity and Equity Incentive Plans - Summary of Stock Option Activity Under Equity Incentive Plan (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Apr. 30, 2026	Jan. 31, 2026
Outstanding Stock Options
Beginning balance (in shares)	1,542,753
Exercised (in shares)	(248,640)
Canceled/forfeited/expired (in shares)	0
Ending balance (in shares)	1,294,113	1,542,753
Exercisable (in shares)	1,294,113
Weighted- Average Exercise Price
Beginning balance (in dollars per share)	$ 11.81
Exercised (in dollars per share)	2.03
Canceled/forfeited/expired (in dollars per share)	0
Ending balance (in dollars per share)	13.69	$ 11.81
Exercisable (in dollars per share)	$ 13.69
Weighted- Average Remaining Contractual Life (Years)
Outstanding	2 years 2 months 12 days	2 years 2 months 12 days
Exercisable	2 years 2 months 12 days
Aggregate Intrinsic Value
Outstanding	$ 108,007	$ 124,080
Exercised	19,837
Exercisable	$ 108,007

Revenue Recognition - Contract Balances (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025	Jan. 31, 2026
Revenue from Contract with Customer [Abstract]
Unbilled accounts receivable	$ 87.8		$ 84.9
Revenue recognized included in deferred revenue	$ 656.3	$ 624.1

Balance Sheet Components (Tables)

3 Months Ended

Apr. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Schedule of Accounts Receivable

Our short-term accounts receivable consist of the following:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)
Accounts receivable, gross	$	486,935	$	515,687
Less: allowance for credit losses	(15,081)		(14,373)
Less: allowance for returns	(4,039)		(3,975)
Accounts receivable, net	$	467,815	$	497,339

Schedule of Allowance for Credit Loss

The following table is a rollforward of our allowance for credit losses for the three months ended April 30, 2026 and 2025:




	2026		2025
	(in thousands)
Balance as of January 31	$	14,373	$	17,262
Provision for credit losses	3,157		5,943
Write-offs	(2,449)		(4,920)
Balance as of April 30	$	15,081	$	18,285

Schedule of Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)
Prepaid expenses	$	199,355	$	203,443

Restricted cash	39,941		10,904
Other	21,800		20,509
Prepaid expenses and other current assets	$	261,096	$	234,856

Schedule of Property and Equipment, Net

Property and equipment consisted of the following:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)
Servers	$	384,796	$	386,702
Software	171,870		157,347
Computer and office equipment	44,543		45,944
Leasehold improvements	54,495		57,761
Furniture and fixtures	5,060		5,706
Property and equipment, gross	660,764		653,460
Less: accumulated depreciation and amortization	(407,957)		(388,935)
Property and equipment, net	$	252,807	$	264,525

Schedule of Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)
Accounts receivable, noncurrent	$	2,227	$	2,375

Intangible assets subject to amortization, net	41,526		45,997
Indefinite-lived intangible assets	25,239		25,239
Prepaid expenses, noncurrent	30,172		35,000
Income tax receivable, noncurrent	28,776		24,276
Other	11,016		11,446
Other assets, noncurrent	$	138,956	$	144,333

Schedule of Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)

Accrued expenses	$	183,607	$	192,478
Accrued compensation and benefits	141,244		206,367
Income tax liabilities	17,386		18,947
Sales and other non-income tax liabilities	39,763		41,919
Customer deposit liabilities	58,561		56,734
Operating lease liabilities, current	28,289		27,765


Other	64,343		37,563
Accrued expenses and other current liabilities	$	533,193	$	581,773

Schedule of Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)
Sales and other non-income tax liabilities	$	39,353	$	40,184

Long-term income tax liabilities	65,978		62,771
Other	8,276		6,108
Other liabilities, noncurrent	$	113,607	$	109,063

Investments (Tables)

3 Months Ended

Apr. 30, 2026

Investments, Debt and Equity Securities [Abstract]

Schedule of Marketable Securities

As of April 30, 2026 and January 31, 2026, our marketable securities consisted of the following:


	As of April 30, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in thousands)





U.S. government agency securities	$	5,598,728	$	3,650	$	(11,962)	$	5,590,416
Agency bonds	1,198,350		234		(3,431)		1,195,153

Treasury bills	44,474		—		(6)		44,468

Marketable securities	$	6,841,552	$	3,884	$	(15,399)	$	6,830,037


	As of January 31, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in thousands)


U.S. government agency securities	$	5,373,782	$	11,094	$	(989)	$	5,383,887
Agency bonds	1,095,004		1,032		(565)		1,095,471

Treasury bills	64,671		5		(3)		64,673

Marketable securities	$	6,533,457	$	12,131	$	(1,557)	$	6,544,031

Schedule of Contractual Maturities of Marketable Securities

The following table presents the contractual maturities of our marketable securities as of April 30, 2026 and January 31, 2026:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)
Less than one year	$	3,118,570	$	3,168,258
Due in one to five years	3,711,467		3,375,773
Total	$	6,830,037	$	6,544,031

Schedule of Strategic Investments

Strategic investments by type and measurement category as of April 30, 2026 were as follows:


	Measurement Category
	Fair Value		Measurement Alternative		Equity Method		Total

	(in thousands)
Equity securities	$	—	$	1,748,737	$	123,704	$	1,872,441
Debt securities	3,978		—		—		3,978
Strategic investments	$	3,978	$	1,748,737	$	123,704	$	1,876,419

Strategic investments by type and measurement category as of January 31, 2026 were as follows:


	Measurement Category
	Fair Value		Measurement Alternative		Equity Method		Total

	(in thousands)
Equity securities	$	—	$	1,448,531	$	126,112	$	1,574,643
Debt securities	3,968		—		—		3,968
Strategic investments	$	3,968	$	1,448,531	$	126,112	$	1,578,611

- Definition

Tabular disclosure of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale).

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 9
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-9

Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 5: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 6: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 7: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (aaa)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 8: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-2

Reference 9: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 10: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (b)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 11: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

Reference 12: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 320
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481800/320-10-50-3

+ Details

Stockholders’ Equity and Equity Incentive Plans - Additional Information (Details)	3 Months Ended
	Apr. 30, 2026 USD ($) plan $ / shares shares	May 22, 2026 USD ($)	Jan. 31, 2026 $ / shares shares	Nov. 30, 2025 USD ($)	Nov. 30, 2024 USD ($)	Feb. 29, 2024 USD ($)
Class of Stock [Line Items]
Common stock, par value (in dollars per share) \| $ / shares	$ 0.001		$ 0.001
Remaining authorized repurchase amount	$ 625,000,000.0
Number of equity incentive plans \| plan	2
Unrecognized stock-based compensation expenses related to outstanding unvested stock options (in shares)	$ 0
RSUs
Class of Stock [Line Items]
Unrecognized stock-based compensation expenses	$ 1,585,600,000
Unrecognized stock-based compensation excepted to be recognized over a weighted-average period (in years)	3 years
ESPP
Class of Stock [Line Items]
Unrecognized stock-based compensation expenses	$ 9,400,000
Unrecognized stock-based compensation excepted to be recognized over a weighted-average period (in years)	1 year 1 month 6 days
Class A
Class of Stock [Line Items]
Common stock, shares authorized (in shares) \| shares	2,000,000,000		2,000,000,000
Common stock, par value (in dollars per share) \| $ / shares	$ 0.001
Stock repurchase program, amount authorized						$ 1,500,000,000
Stock repurchase program, additional amount authorized				$ 1,000,000,000.0	$ 1,200,000,000
Stock repurchased and retired (in shares) \| shares	4,169,208
Stock repurchased and retired	$ 361,700,000
Class A \| Subsequent Event
Class of Stock [Line Items]
Stock repurchase program, additional amount authorized		$ 1,000,000,000.0
Class B
Class of Stock [Line Items]
Common stock, shares authorized (in shares) \| shares	300,000,000		300,000,000
Common stock, par value (in dollars per share) \| $ / shares	$ 0.001

Investments

3 Months Ended

Apr. 30, 2026

Investments, Debt and Equity Securities [Abstract]

Investments

Marketable Securities

As of April 30, 2026 and January 31, 2026, our marketable securities consisted of the following:


	As of April 30, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in thousands)





U.S. government agency securities	$	5,598,728	$	3,650	$	(11,962)	$	5,590,416
Agency bonds	1,198,350		234		(3,431)		1,195,153

Treasury bills	44,474		—		(6)		44,468

Marketable securities	$	6,841,552	$	3,884	$	(15,399)	$	6,830,037


	As of January 31, 2026
	Amortized Cost		Gross Unrealized Gains		Gross Unrealized Losses		Estimated Fair Value

	(in thousands)


U.S. government agency securities	$	5,373,782	$	11,094	$	(989)	$	5,383,887
Agency bonds	1,095,004		1,032		(565)		1,095,471

Treasury bills	64,671		5		(3)		64,673

Marketable securities	$	6,533,457	$	12,131	$	(1,557)	$	6,544,031

Unrealized losses for securities that have been in an unrealized loss position for less than 12 months were $15.4 million and $1.5 million as of April 30, 2026 and January 31, 2026, respectively. Unrealized losses for securities that have been in an unrealized loss position for 12 months or longer were de minimis as of both April 30, 2026 and January 31, 2026. We review the individual securities that have unrealized losses on a regular basis to evaluate whether any security has experienced, or is expected to experience, credit losses resulting in the decline in fair value. We evaluate, among other factors, whether we have the intention to sell any of these marketable securities and whether it is more likely than not that we will be required to sell any of them before recovery of the amortized cost basis. We have not recorded an allowance for credit losses, as we believe any such losses would be immaterial based on the high-grade credit rating for each of our marketable securities as of the end of each period. There were no material realized gains or losses from available-for-sale securities that were reclassified out of accumulated other comprehensive income for the three months ended April 30, 2026 and 2025.

The following table presents the contractual maturities of our marketable securities as of April 30, 2026 and January 31, 2026:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)
Less than one year	$	3,118,570	$	3,168,258
Due in one to five years	3,711,467		3,375,773
Total	$	6,830,037	$	6,544,031

Strategic Investments

Strategic investments by type and measurement category as of April 30, 2026 were as follows:


	Measurement Category
	Fair Value		Measurement Alternative		Equity Method		Total

	(in thousands)
Equity securities	$	—	$	1,748,737	$	123,704	$	1,872,441
Debt securities	3,978		—		—		3,978
Strategic investments	$	3,978	$	1,748,737	$	123,704	$	1,876,419

Strategic investments by type and measurement category as of January 31, 2026 were as follows:


	Measurement Category
	Fair Value		Measurement Alternative		Equity Method		Total

	(in thousands)
Equity securities	$	—	$	1,448,531	$	126,112	$	1,574,643
Debt securities	3,968		—		—		3,968
Strategic investments	$	3,968	$	1,448,531	$	126,112	$	1,578,611

During the three months ended April 30, 2026, we made an additional $46.0 million investment in preferred stock of Anthropic, PBC (“Anthropic”), bringing the total carrying value of our Anthropic preferred stock to $1,266.9 million, based on the valuation implied by Anthropic’s financing round announced on February 12, 2026. Additionally, during the three months ended April 30, 2026, we made a total of $99.7 million of strategic investments in equity securities of other private companies developing AI products. Based on the terms of these investments in privately-held securities, we determined that we do not have a controlling interest or the ability to exercise significant influence over the operating and financial policies of the investees. Therefore, these investments are accounted for under the measurement alternative method.

During the three months ended April 30, 2026, we recorded net unrealized gains of $154.5 million on our investments accounted for under the measurement alternative method, which were attributable to investments other than our investment in Anthropic.

Fair Value Measurements (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Financial Assets:
Cash equivalents	$ 474,148	$ 763,410
Marketable securities	6,830,037	6,544,031
Privately held debt securities included in strategic investments	3,978	3,968
Total financial assets	7,308,163	7,311,409
U.S. government agency securities
Financial Assets:
Marketable securities	5,590,416	5,383,887
Agency bonds
Financial Assets:
Marketable securities	1,195,153	1,095,471
Treasury bills
Financial Assets:
Marketable securities	44,468	64,673
Money market funds
Financial Assets:
Cash equivalents	470,662	724,236
Treasury bills
Financial Assets:
Cash equivalents		16,876
Agency bonds
Financial Assets:
Cash equivalents	3,486	22,298
Level 1
Financial Assets:
Cash equivalents	470,662	724,236
Marketable securities	0	0
Privately held debt securities included in strategic investments	0	0
Total financial assets	470,662	724,236
Level 1 \| U.S. government agency securities
Financial Assets:
Marketable securities	0	0
Level 1 \| Agency bonds
Financial Assets:
Marketable securities	0	0
Level 1 \| Treasury bills
Financial Assets:
Marketable securities	0	0
Level 1 \| Money market funds
Financial Assets:
Cash equivalents	470,662	724,236
Level 1 \| Treasury bills
Financial Assets:
Cash equivalents		0
Level 1 \| Agency bonds
Financial Assets:
Cash equivalents	0	0
Level 2
Financial Assets:
Cash equivalents	3,486	39,174
Marketable securities	6,830,037	6,544,031
Privately held debt securities included in strategic investments	0	0
Total financial assets	6,833,523	6,583,205
Level 2 \| U.S. government agency securities
Financial Assets:
Marketable securities	5,590,416	5,383,887
Level 2 \| Agency bonds
Financial Assets:
Marketable securities	1,195,153	1,095,471
Level 2 \| Treasury bills
Financial Assets:
Marketable securities	44,468	64,673
Level 2 \| Money market funds
Financial Assets:
Cash equivalents	0	0
Level 2 \| Treasury bills
Financial Assets:
Cash equivalents		16,876
Level 2 \| Agency bonds
Financial Assets:
Cash equivalents	3,486	22,298
Level 3
Financial Assets:
Cash equivalents	0	0
Marketable securities	0	0
Privately held debt securities included in strategic investments	3,978	3,968
Total financial assets	3,978	3,968
Level 3 \| U.S. government agency securities
Financial Assets:
Marketable securities	0	0
Level 3 \| Agency bonds
Financial Assets:
Marketable securities	0	0
Level 3 \| Treasury bills
Financial Assets:
Marketable securities	0	0
Level 3 \| Money market funds
Financial Assets:
Cash equivalents	0	0
Level 3 \| Treasury bills
Financial Assets:
Cash equivalents		0
Level 3 \| Agency bonds
Financial Assets:
Cash equivalents	$ 0	$ 0

Segment Information - Schedule of Significant Segment Expenses and Other Segment Items (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Segment Reporting [Line Items]
Revenue	$ 1,239,006	$ 1,174,715
Stock-based compensation expense	178,953	201,569
Provision for income taxes	105,943	61,162
Net income	425,677	254,603
Operating Segments \| Reportable Segment
Segment Reporting [Line Items]
Revenue	1,239,006	1,174,715
Adjusted cost of revenue	248,798	244,631
Adjusted research and development	153,112	127,079
Adjusted sales and marketing	265,240	271,799
Adjusted general and administrative	63,137	63,880
Stock-based compensation expense	178,953	201,569
Interest income	(70,283)	(81,782)
Other segment items	(131,571)	31,774
Provision for income taxes	105,943	61,162
Net income	425,677	254,603
Eliminations and Reconciling Items
Segment Reporting [Line Items]
Net income	$ 0	$ 0

Income Taxes (Tables)

3 Months Ended

Apr. 30, 2026

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The following table provides details of the provision for income taxes:


	Three Months Ended April 30,
	2026			2025

	(in thousands, except percentages)
Income before provision for income taxes	$	531,620		$	315,765
Provision for income taxes	105,943			61,162
Effective tax rate	19.9		%	19.4		%

Balance Sheet Components - Schedule of Other Assets, Noncurrent (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Accounts receivable, noncurrent	$ 2,227	$ 2,375
Intangible assets subject to amortization, net	41,526	45,997
Indefinite-lived intangible assets	25,239	25,239
Prepaid expenses, noncurrent	30,172	35,000
Income tax receivable, noncurrent	28,776	24,276
Other	11,016	11,446
Other assets, noncurrent	$ 138,956	$ 144,333

Segment Information (Tables)

3 Months Ended

Apr. 30, 2026

Segment Reporting [Abstract]

Schedule of Significant Segment Expenses and Other Segment Items

The following table summarizes the significant segment expenses regularly provided to the CODM as well as other segment items:


	Three Months Ended April 30,
	2026		2025

	(in thousands)
Revenue	$	1,239,006	$	1,174,715

Adjusted cost of revenue (1)	248,798		244,631
Adjusted research and development (1)	153,112		127,079
Adjusted sales and marketing (1)	265,240		271,799
Adjusted general and administrative (1)	63,137		63,880
Stock-based compensation expense	178,953		201,569
Interest income	(70,283)		(81,782)
Other segment items (2)	(131,571)		31,774
Provision for income taxes	105,943		61,162
Segment net income	425,677		254,603
Adjustments and reconciling items	—		—
Consolidated net income	$	425,677	$	254,603

(1) Excludes stock-based compensation expense and related payroll taxes, acquisition-related expenses, and litigation settlements, net.

- Definition

Tabular disclosure of segment reporting. Includes, but is not limited to, reconciliation of reportable segment amount to corresponding consolidated total.

+ References

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+ Details

Income Taxes

3 Months Ended

Apr. 30, 2026

Income Tax Disclosure [Abstract]

Income Taxes

We compute our provision for income taxes by applying the estimated annual effective tax rate to year-to-date ordinary income and adjust the provision for discrete tax items recorded in the period. In each quarter, we update the estimated annual effective tax rate and make a year-to-date adjustment to the provision.

The following table provides details of the provision for income taxes:


	Three Months Ended April 30,
	2026			2025

	(in thousands, except percentages)
Income before provision for income taxes	$	531,620		$	315,765
Provision for income taxes	105,943			61,162
Effective tax rate	19.9		%	19.4		%

For both the three months ended April 30, 2026 and 2025, the effective tax rate differed from the U.S. federal statutory rate due primarily to the foreign-derived deduction eligible income, tax benefits related to stock-based compensation, and research credits offset by tax shortfalls on stock-based compensation, state income taxes, and other compensation-related permanent differences.

- Definition

The entire disclosure for income tax.

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+ Details

Balance Sheet Components - Schedule of Prepaid Expenses and Other Current Assets (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Prepaid expenses	$ 199,355	$ 203,443
Restricted cash	39,941	10,904
Other	21,800	20,509
Prepaid expenses and other current assets	$ 261,096	$ 234,856

Balance Sheet Components - Schedule of Other Liabilities, Noncurrent (Details) - USD ($) $ in Thousands	Apr. 30, 2026	Jan. 31, 2026
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Sales and other non-income tax liabilities	$ 39,353	$ 40,184
Long-term income tax liabilities	65,978	62,771
Other	8,276	6,108
Other liabilities, noncurrent	$ 113,607	$ 109,063

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Statement of Comprehensive Income [Abstract]
Net income	$ 425,677	$ 254,603
Other comprehensive (loss) income:
Unrealized (loss) gain on available-for-sale marketable securities, net of income tax benefit (expense) of $5,410 and $(3,123) for the three months ended April 30, 2026 and 2025, respectively	(16,673)	10,155
Comprehensive income	$ 409,004	$ 264,758

- Definition

Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners.

+ References + Details

- Definition

The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.

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+ Details

Commitments and Contingencies (Details) - SEC Related Matters - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Jul. 31, 2025	Jan. 31, 2025
Other Commitments [Line Items]
Loss contingency accrual (reversal)	$ (18.0)
Pending Litigation
Other Commitments [Line Items]
Loss contingency accrual (reversal)		$ 18.0

Revenue Recognition (Tables)

3 Months Ended

Apr. 30, 2026

Revenue from Contract with Customer [Abstract]

Schedule of Disaggregation of Revenue by Region

The following table summarizes revenue by region based on the billing address of customers:


	Three Months Ended April 30,
	2026				2025
	Amount		Percentage of Revenue		Amount		Percentage of Revenue

	(in thousands, except percentages)
Americas	$	893,572	72.1	%	$	847,696	72.2	%
Asia Pacific (“APAC”)	150,510		12.1		141,770		12.1
Europe, Middle East, and Africa (“EMEA”)	194,924		15.8		185,249		15.7
Total	$	1,239,006	100.0	%	$	1,174,715	100.0	%

Revenue Recognition

3 Months Ended

Apr. 30, 2026

Revenue from Contract with Customer [Abstract]

Revenue Recognition

Disaggregation of Revenue

The following table summarizes revenue by region based on the billing address of customers:


	Three Months Ended April 30,
	2026				2025
	Amount		Percentage of Revenue		Amount		Percentage of Revenue

	(in thousands, except percentages)
Americas	$	893,572	72.1	%	$	847,696	72.2	%
Asia Pacific (“APAC”)	150,510		12.1		141,770		12.1
Europe, Middle East, and Africa (“EMEA”)	194,924		15.8		185,249		15.7
Total	$	1,239,006	100.0	%	$	1,174,715	100.0	%

Contract Balances

We receive payments from customers based on a billing schedule as established in our customer contracts. Accounts receivable are recorded when we contractually have the right to consideration. In some arrangements, a right to consideration for our performance under the customer contract may occur before invoicing to the customer, resulting in an unbilled accounts receivable. The amount of unbilled accounts receivable included within accounts receivable, net was $87.8 million and $84.9 million as of April 30, 2026 and January 31, 2026, respectively.

Contract liabilities consist of deferred revenue. Revenue is deferred when we have the right to invoice in advance of performance under a customer contract. The current portion of deferred revenue balances is recognized over the next 12 months. Revenue recognized from amounts included in deferred revenue at the beginning of each period totaled $656.3 million and $624.1 million for the three months ended April 30, 2026 and 2025, respectively.

Remaining Performance Obligations

The terms of our subscription agreements are monthly, annual, and multiyear, and we may bill for the full term in advance or on an annual, quarterly, or monthly basis, depending on the billing terms with customers. As of April 30, 2026, the aggregate amount of the transaction price allocated to our remaining performance obligations was $4,298.6 million, which consists of both billed consideration in the amount of $1,493.4 million and unbilled consideration in the amount of $2,805.2 million that we expect to recognize as revenue. We expect to recognize 58% of our remaining performance obligations as revenue over the next 12 months and the remainder thereafter.

- Definition

The entire disclosure of revenue from contract with customer to transfer good or service and to transfer nonfinancial asset. Includes, but is not limited to, disaggregation of revenue, credit loss recognized from contract with customer, judgment and change in judgment related to contract with customer, and asset recognized from cost incurred to obtain or fulfill contract with customer. Excludes insurance and lease contracts.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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+ Details

Balance Sheet Components

3 Months Ended

Apr. 30, 2026

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Balance Sheet Components

Accounts Receivable, Net

Accounts receivable are recorded for invoiced amounts and amounts for which revenue has been recognized, but not invoiced, net of allowances. Our short-term accounts receivable consist of the following:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)
Accounts receivable, gross	$	486,935	$	515,687
Less: allowance for credit losses	(15,081)		(14,373)
Less: allowance for returns	(4,039)		(3,975)
Accounts receivable, net	$	467,815	$	497,339

The following table is a rollforward of our allowance for credit losses for the three months ended April 30, 2026 and 2025:




	2026		2025
	(in thousands)
Balance as of January 31	$	14,373	$	17,262
Provision for credit losses	3,157		5,943
Write-offs	(2,449)		(4,920)
Balance as of April 30	$	15,081	$	18,285

Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consisted of the following:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)
Prepaid expenses	$	199,355	$	203,443

Restricted cash	39,941		10,904
Other	21,800		20,509
Prepaid expenses and other current assets	$	261,096	$	234,856

Property and Equipment, Net

Property and equipment consisted of the following:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)
Servers	$	384,796	$	386,702
Software	171,870		157,347
Computer and office equipment	44,543		45,944
Leasehold improvements	54,495		57,761
Furniture and fixtures	5,060		5,706
Property and equipment, gross	660,764		653,460
Less: accumulated depreciation and amortization	(407,957)		(388,935)
Property and equipment, net	$	252,807	$	264,525

Depreciation and amortization expense was $28.3 million and $32.0 million for the three months ended April 30, 2026 and 2025, respectively.

Other Assets, Noncurrent

Other assets, noncurrent consisted of the following:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)
Accounts receivable, noncurrent	$	2,227	$	2,375

Intangible assets subject to amortization, net	41,526		45,997
Indefinite-lived intangible assets	25,239		25,239
Prepaid expenses, noncurrent	30,172		35,000
Income tax receivable, noncurrent	28,776		24,276
Other	11,016		11,446
Other assets, noncurrent	$	138,956	$	144,333

Accrued Expenses and Other Current Liabilities

Accrued expenses and other current liabilities consisted of the following:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)

Accrued expenses	$	183,607	$	192,478
Accrued compensation and benefits	141,244		206,367
Income tax liabilities	17,386		18,947
Sales and other non-income tax liabilities	39,763		41,919
Customer deposit liabilities	58,561		56,734
Operating lease liabilities, current	28,289		27,765


Other	64,343		37,563
Accrued expenses and other current liabilities	$	533,193	$	581,773

Other Liabilities, Noncurrent

Other liabilities, noncurrent consisted of the following:


	As of
	April 30, 2026		January 31, 2026

	(in thousands)
Sales and other non-income tax liabilities	$	39,353	$	40,184

Long-term income tax liabilities	65,978		62,771
Other	8,276		6,108
Other liabilities, noncurrent	$	113,607	$	109,063

Business Combinations - Schedule of Components of Identifiable Intangible Assets Acquired (Details) - BrightHire, Inc. $ in Thousands	Dec. 01, 2025 USD ($)
Intangible Asset, Finite-Lived, Acquired [Line Items]
Fair Value	$ 19,900
Developed technology
Intangible Asset, Finite-Lived, Acquired [Line Items]
Fair Value	$ 9,000
Useful Life	5 years
Customer relationships
Intangible Asset, Finite-Lived, Acquired [Line Items]
Fair Value	$ 9,800
Useful Life	5 years
Trade names
Intangible Asset, Finite-Lived, Acquired [Line Items]
Fair Value	$ 1,100
Useful Life	3 years

Fair Value Measurements

3 Months Ended

Apr. 30, 2026

Fair Value Disclosures [Abstract]

Fair Value Measurements


	As of April 30, 2026
	Fair Value		Level 1		Level 2		Level 3

	(in thousands)
Financial Assets:
Money market funds	$	470,662	$	470,662	$	—	$	—


Agency bonds	3,486		—		3,486		—
Cash equivalents	474,148		470,662		3,486		—
U.S. government agency securities	5,590,416		—		5,590,416		—
Agency bonds	1,195,153		—		1,195,153		—

Treasury bills	44,468		—		44,468		—

Marketable securities	6,830,037		—		6,830,037		—




Privately held debt securities included in strategic investments	3,978		—		—		3,978
Total financial assets	$	7,308,163	$	470,662	$	6,833,523	$	3,978


	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		—
U.S. government agency securities	5,383,887		—		5,383,887		—
Agency bonds	1,095,471		—		1,095,471		—

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

We classify our highly liquid money market funds as Level 1 of the fair value hierarchy because they are valued based on quoted market prices in active markets. We classify our agency bonds, U.S. government agency securities, and treasury bills as Level 2 because they are valued using inputs other than quoted prices that are directly or indirectly observable in the market, including readily available pricing sources for the identical underlying security, which may not be actively traded. We classify our privately held debt securities as Level 3 due to the lack of relevant observable market data over fair value inputs, such as the probability weighting of the various scenarios that can impact settlement of the arrangement.

- Definition

The entire disclosure for the fair value of financial instruments (as defined), including financial assets and financial liabilities (collectively, as defined), and the measurements of those instruments as well as disclosures related to the fair value of non-financial assets and liabilities. Such disclosures about the financial instruments, assets, and liabilities would include: (1) the fair value of the required items together with their carrying amounts (as appropriate); (2) for items for which it is not practicable to estimate fair value, disclosure would include: (a) information pertinent to estimating fair value (including, carrying amount, effective interest rate, and maturity, and (b) the reasons why it is not practicable to estimate fair value; (3) significant concentrations of credit risk including: (a) information about the activity, region, or economic characteristics identifying a concentration, (b) the maximum amount of loss the entity is exposed to based on the gross fair value of the related item, (c) policy for requiring collateral or other security and information as to accessing such collateral or security, and (d) the nature and brief description of such collateral or security; (4) quantitative information about market risks and how such risks are managed; (5) for items measured on both a recurring and nonrecurring basis information regarding the inputs used to develop the fair value measurement; and (6) for items presented in the financial statement for which fair value measurement is elected: (a) information necessary to understand the reasons for the election, (b) discussion of the effect of fair value changes on earnings, (c) a description of [similar groups] items for which the election is made and the relation thereof to the balance sheet, the aggregate carrying value of items included in the balance sheet that are not eligible for the election; (7) all other required (as defined) and desired information.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 820
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
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Reference 2: http://www.xbrl.org/2003/role/exampleRef
-Topic 820
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Reference 3: http://www.xbrl.org/2003/role/exampleRef
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+ Details

Business Combinations (Tables)

3 Months Ended

Apr. 30, 2026

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Schedule of Purchase Consideration for Acquisition

In allocating the purchase consideration for the acquisition, the following table summarizes the amounts attributed to goodwill, identifiable intangible assets, and other net assets acquired:


	(in thousands)
Goodwill	$	73,657
Identifiable intangible assets	19,900
Other net assets acquired	4,397
Total purchase consideration	$	97,955

Schedule of Components of Identifiable Intangible Assets Acquired

The following table sets forth the components of identifiable intangible assets acquired and their estimated useful lives as of the date of acquisition:


	Fair Value		Useful Life
	(in thousands)		(years)
Developed technology	$	9,000	5.0
Customer relationships	9,800		5.0
Trade names	1,100		3.0
Identifiable intangible assets	$	19,900

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Apr. 30, 2026
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Non-cancelable Purchase Obligations During the three months ended April 30, 2026, there have been no material changes to our outstanding non-cancelable purchase obligations from those disclosed in Note 9. “Commitments and Contingencies” in the notes to consolidated financial statements included in our Annual Report on Form 10-K for the year ended January 31, 2026 filed with the SEC on February 27, 2026. Legal Proceedings In June 2020, we received a grand jury subpoena from the Department of Justice’s U.S. Attorney’s Office for Eastern District of New York (“EDNY”), which requested information regarding our interactions with foreign governments and foreign political parties, including the Chinese government, as well as information regarding storage of and access to user data, the development and implementation of Zoom’s privacy policies, and the actions we took responding to law enforcement requests from the Chinese government. In July 2020, we received subpoenas from the Department of Justice’s U.S. Attorney’s Office for the Northern District of California (“NDCA”) and the SEC. Both subpoenas sought documents and information relating to various security, data protection and privacy matters, including our encryption, and our statements relating thereto, as well as calculation of usage metrics and related public statements. In addition, the NDCA subpoena sought information relating to any contacts between our employees and representatives of the Chinese government, and any attempted or successful influence by any foreign government in our policies, procedures, practices, and actions as they relate to users in the United States. We have since received additional subpoenas from EDNY and NDCA seeking related information. We are fully cooperating with all of these investigations and have conducted our own thorough internal investigation. During the fiscal year ended January 31, 2025, we recorded an $18.0 million accrual with respect to a tentative settlement offer for the SEC matter. On July 30, 2025, the SEC informed us that their investigation has concluded and they do not intend to recommend an enforcement action. As a result, during the three months ended July 31, 2025, we reversed the $18.0 million previously accrued. The EDNY and NDCA investigations are ongoing, and a negative outcome in any or all of these matters could cause us to incur substantial fines, penalties, or other financial exposure, as well as reputational harm. We do not know when the EDNY and NDCA matters will be completed, which facts we will ultimately discover as a result of the investigations, or what actions the government may or may not take. We are unable to predict the ultimate outcome of these matters and are unable to reasonably estimate any range of possible loss for these matters. In addition, from time to time, we are involved in various other legal proceedings arising from the normal course of business activities. We are not presently a party to any other such litigation the outcome of which, we believe, if determined adversely to us, would individually, or taken together, have a material adverse effect on our business, operating results, cash flows, or financial condition. Defending such proceedings is costly and can impose a significant burden on management and employees. We may receive unfavorable preliminary or interim rulings in the course of litigation, and there can be no assurances that favorable final outcomes will be obtained.

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Income Statement [Abstract]
Revenue	$ 1,239,006	$ 1,174,715
Cost of revenue	274,287	278,402
Gross profit	964,719	896,313
Operating expenses:
Research and development	227,926	205,416
Sales and marketing	330,050	346,970
General and administrative	96,270	102,335
Total operating expenses	654,246	654,721
Income from operations	310,473	241,592
Gains (losses) on strategic investments, net	152,297	(13,619)
Other income, net	68,850	87,792
Income before provision for income taxes	531,620	315,765
Provision for income taxes	105,943	61,162
Net income	$ 425,677	$ 254,603
Net income per share:
Basic (in dollars per share)	$ 1.45	$ 0.84
Diluted (in dollars per share)	$ 1.42	$ 0.81
Weighted-average shares used in computing net income per share:
Basic (in shares)	294,434,952	304,908,652
Diluted (in shares)	300,233,667	312,783,861

Balance Sheet Components - Additional Information (Details) - USD ($) $ in Millions	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Depreciation and amortization expense	$ 28.3	$ 32.0

Net Income Per Share

3 Months Ended

Apr. 30, 2026

Earnings Per Share [Abstract]

Net Income Per Share

The following table sets forth the computation of basic and diluted net income per share for the periods presented:


	Three Months Ended April 30,
	2026				2025
	Class A		Class B		Class A		Class B
	(in thousands, except share and per share data)
Numerator:


Net income, basic	$	384,203	$	41,474	$	219,213	$	35,390
Reallocation of net income	(949)		949		(634)		634
Net income, diluted	$	383,254	$	42,423	$	218,579	$	36,024
Denominator:
Weighted-average shares used in computing net income per share, basic	265,748,247		28,686,705		262,526,502		42,382,150
Weighted-average shares used in computing net income per share, diluted	270,312,284		29,921,383		268,527,554		44,256,307
Net income per share, basic	$	1.45	$	1.45	$	0.84	$	0.84
Net income per share, diluted	$	1.42	$	1.42	$	0.81	$	0.81


	Three Months Ended April 30,
	2026		2025
	Class A	Class B	Class A	Class B
Unvested RSUs	6,876	—	2,262,575	—
Purchase rights committed under the ESPP	258,618	—	211,765	—
Outstanding stock options	76,424	—	91,637	—
Total	341,918	—	2,565,977	—

The table above does not include 164,192 shares of issued Class A common stock held by us as of April 30, 2026 and 2025 that are reserved for the sole purpose of being transferred to nonprofit organizations.

Revenue Recognition - Remaining Performance Obligation (Details) $ in Millions	Apr. 30, 2026 USD ($)
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 4,298.6
Billed Consideration
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	1,493.4
Unbilled Consideration
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation	$ 2,805.2
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction, Start Date [Axis]: 2026-05-01
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction [Line Items]
Remaining performance obligation percentage (as a percent)	58.00%
Revenue remaining performance obligation, expected timing of satisfaction period (in months)	12 months

Investments - Additional Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025	Jan. 31, 2026
Equity Securities without Readily Determinable Fair Value [Line Items]
Unrealized losses for securities in unrealized loss position for less than 12 months	$ 15,400		$ 1,500
Available-for-sale realized gains (losses)	0	$ 0
Purchase of strategic investments in equity securities	145,695	$ 0
Equity Securities Without Readily Determinable Fair Value, Anthropic
Equity Securities without Readily Determinable Fair Value [Line Items]
Purchase of strategic investments in equity securities	46,000
Strategic investments	1,266,900
Equity Securities Without Readily Determinable Fair Value, Other Private AI Companies
Equity Securities without Readily Determinable Fair Value [Line Items]
Purchase of strategic investments in equity securities	99,700
Equity Securities Without Readily Determinable Fair Value, Other than Anthropic
Equity Securities without Readily Determinable Fair Value [Line Items]
Net unrealized gains on strategic investments	$ 154,500

Subsequent Events	3 Months Ended
Subsequent Events	Apr. 30, 2026
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events In May 2026, our Board of Directors authorized the repurchase of an additional $1.0 billion of our outstanding Class A common stock, incremental to the $625.0 million remaining authorization as of April 30, 2026, under our existing repurchase program. Repurchases of our Class A common stock may be effected, from time to time, either on the open market (including pre-set trading plans), in privately negotiated transactions, and other transactions in accordance with applicable securities laws. The repurchase program, which has no expiration date, does not obligate us to acquire any particular amount of Class A common stock, and the repurchase program may be suspended or discontinued at any time at our discretion.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	3 Months Ended
	Apr. 30, 2026	Apr. 30, 2025
Cash flows from operating activities:
Net income	$ 425,677	$ 254,603
Adjustments to reconcile net income to net cash provided by operating activities:
Stock-based compensation expense	178,953	201,569
Amortization of deferred contract acquisition costs	51,515	69,557
Depreciation and amortization	32,781	35,316
Deferred income taxes	23,294	(24,690)
(Gains) losses on strategic investments, net	(152,297)	13,619
Provision for accounts receivable allowances	3,026	5,855
Unrealized foreign exchange losses (gains)	664	(7,626)
Non-cash operating lease cost	5,884	6,108
Amortization of discount/premium on marketable securities	(1,293)	(12,845)
Other	7,350	4,142
Changes in operating assets and liabilities:
Accounts receivable	24,690	12,485
Prepaid expenses and other assets	3,116	(12,293)
Deferred contract acquisition costs	(86,742)	(48,148)
Accounts payable	10,327	7,252
Accrued expenses and other liabilities	(67,748)	(80,383)
Deferred revenue	69,605	72,141
Operating lease liabilities, net	(7,192)	(7,401)
Net cash provided by operating activities	521,610	489,261
Cash flows from investing activities:
Purchases of marketable securities	(1,172,217)	(1,135,024)
Maturities of marketable securities	858,125	1,033,279
Sales of marketable securities	0	2,525
Purchases of property and equipment	(21,113)	(25,910)
Purchases of strategic investments	(145,695)	0
Proceeds from strategic investments	184	0
Net cash used in investing activities	(480,716)	(125,130)
Cash flows from financing activities:
Proceeds from exercise of stock options	504	954
Proceeds from employee equity transactions to be remitted to employees and tax authorities, net	29,237	8,690
Cash paid for repurchases of common stock	(361,683)	(418,021)
Taxes paid related to net share settlement of equity awards	(62,168)	(82,153)
Net cash used in financing activities	(394,110)	(490,530)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	314	11,854
Net decrease in cash, cash equivalents, and restricted cash	(352,902)	(114,545)
Cash, cash equivalents, and restricted cash – beginning of period	1,283,781	1,361,417
Cash, cash equivalents, and restricted cash – end of period	930,879	1,246,872
Reconciliation of cash, cash equivalents, and restricted cash within the condensed consolidated balance sheets to the amounts shown in the condensed consolidated statements of cash flows above:
Cash and cash equivalents	890,938	1,228,847
Restricted cash, current included in prepaid expenses and other current assets	39,941	18,025
Total cash, cash equivalents, and restricted cash	$ 930,879	$ 1,246,872