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Over 3B in profit, actually. > Zoom Video Communications gross profit for the twelve months ending October 31, 2022 was $3.283B, a 15.34% increase year-over-ye
by falcolas 4y ago
Over 3B in profit, actually.
> Zoom Video Communications gross profit for the twelve months ending October 31, 2022 was $3.283B, a 15.34% increase year-over-year.
https://www.macrotrends.net/stocks/charts/ZM/zoom-video-communications/gross-profit https://www.macrotrends.net/stocks/charts/ZM/zoom-video-comm...
- mardifoufs 4y agoGross profit is not profit as we commonly understand it.
- falcolas 4y agoA good point. TIL gross profit only counts the cost of producing the product, but not payroll, taxes etc. That same link does show a $900M traditional profit on $4B of revenue, so roughly a 20% profit margin. It is a decrease year over year, but still remarkably good. At an estimated 12k employees, it's also around $360k in revenue per employee, which is pretty decent (though not top-10 for the tech industry).