Zoom (ZM) Q2 earnings: How key metrics compare to Wall Street estimates

For the quarter ended July 2026, Zoom Communications (ZM) reported revenue of $1.28 billion, up 4.9% over the same period last year. EPS came in at $1.55, compared to $1.53 in the year-ago quarter.

The reported revenue represents a surprise of +0.68% over the Zacks Consensus Estimate of $1.27 billion. With the consensus EPS estimate being $1.50, the EPS surprise was +3.33%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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

• Customers >$100K TTM Revenue: 4,625 compared to the 4,572 average estimate based on two analysts.
• Current Remaining Performance Obligation (RPO): $2.58 billion versus the two-analyst average estimate of $2.54 billion.
• Revenue- Online: $489.7 million versus the three-analyst average estimate of $492.94 million. The reported number represents a year-over-year change of +0.6%.
• Revenue- Enterprise: $787.5 million versus the three-analyst average estimate of $774.78 million. The reported number represents a year-over-year change of +7.8%.