Zoom Video Communications Reports Financial Results for the Second Quarter of Fiscal Year 2025

Financial Performance - Second quarter total revenue of $1,162.5 million, up 2.1$682.8 million, up 3.5% year over year [1] - Second quarter GAAP operating margin of 17.4% and non-GAAP operating margin of 39.2% [1] - Second quarter operating cash flow of $449.3 million, up 33.7$436.4 million, or $1.39 per share [4] Customer Metrics - 3,933 customers contributing more than$100,000 in trailing 12 months revenue, up approximately 7.1% year over year [6] - Approximately 191,600 Enterprise customers [6] - Online average monthly churn of 2.9% for the second quarter, down 30 bps year over year [6] - Trailing 12-month net dollar expansion rate for Enterprise customers of 98% [6] Strategic Highlights - Zoom Contact Center secured several marquee customers, including its largest single order deal to-date [2] - Customers contributing more than $100,000 in trailing 12 months revenue increased by 7.1$7.5 billion [5] - Free cash flow for the second quarter was $365.1 million, up 26.2$1.160 billion and $1.165 billion [8] - Full fiscal year 2025 total revenue expected to be between$4.630 billion and $4.640 billion [8] - Full fiscal year non-GAAP income from operations expected to be between$1.790 billion and $1.800 billion [8] Share Repurchase - Repurchased approximately 4.8 million shares of common stock in Q2 [1] -$1.062 billion of authorized share repurchase remaining as of July 31, 2024 [9]