What move does the options market price into Zoom Communications's report?

Implied ±7.4%, either direction.

ZMNasdaqServices-Computer Programming, Data Processing, Etc.

Zoom Communications, Inc. (ZM) earnings date, market-implied expected move, and options open interest by expiry

91.75

Closed19:12 ET

Open92.17Volume2.5MMkt cap$26.8BP/E8.33EPS11.01

Day89.84 – 92.1782%52-wk70.70 – 114.7448%

Zoom Communications, Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±7.4%implied · report alone

8Q avg ±8.2%·×0.90·fair

85.0798.61

straddle ±10.4%

spot 91.84exp Nov 27ATM strike 92ATM straddle 11.20IV 60%

Nov 3 closereport share · term structure

Expected move

Inputs

Next report

Nov 23

after close · in 19 days

est.Q3 FY27

Calendar

Next report

Last report

−7.03%

vs ±9.4% implied · ×0.75

shaded = implied · ▲▼ = realized

Aug 25 '26 · confirmed

Implied vs realized

Linked news

5dVEEV · customerLe Veeva Summit présente les innovations en IA et en données qui font progresser le commerce des agents

News

Largest filed tie

13F top-10 QoQ

−1.20%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

874 managers

Top fund weight

0.21%

ZM weight · FTC

N-PORTJul 31 '26

5 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Zoom Communications (ZM) is expected to report on Nov 23 after close (estimated date).

Implied vs realized

8 reports

—≥ implied

Nov 25 '24Nov 25 '24confirmed—▼−6.31%—

Feb 24 '25Feb 24 '25confirmed—▼−8.48%—

May 21 '25May 21 '25confirmed—▼−0.24%—

Aug 21 '25Aug 21 '25confirmed—▲+12.71%—

Q3 FY26Nov 24 '25confirmed—▲+9.85%—

Feb 25 '26Feb 25 '26confirmed—▼−11.58%—

Q1 FY27May 21 '26confirmed—▲+9.19%—

Q2 FY27Aug 25 '26confirmed±9.4%▼−7.03%×0.75

quarterimplied−15%0+15%realized×

Q2 FY27±9.4%▼−7.03%×0.75

Q1 FY27—+9.19%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 9 expiries · Oct 26 close

0.59OI · 9 expiries · Oct 26 closeP/C open interest · Nov 27 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

824+16%Nov 62d0.801,026+5%0.80

779+3%Nov 139d0.84929+11%0.84

9,967+2%Nov 2016d0.2049,0840%0.20

report · Nov 23 · after close · est.

40—Nov 2723d68—

0—Dec 430d0.003—0.00

16,0720%Dec 1844d0.6325,6040%0.63

3 later expiries

30,354+2%Jan 1572d0.5654,037+5%0.56

1,3530%Feb 19107d0.68

ExpiryPutsCallsP/C

Nov 62d824+16%1,026+5%0.80

Nov 139d779+3%929+11%0.84

Nov 2016d9,967+2%49,0840%0.20

report · Nov 23 · after close · est.

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±10.4%

Funds 4

FTC±0.0%

REVS±0.0%

VTV±0.0%

VTI±0.0%

Customers 1

VEEV±4.7%×0.45

Dashed = straddle · × = co-movement · max 500dMethod 1 more fund Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ2 FY27

120.77%as filednet margin · revenue +3.08% QoQ · +4.93% YoY

Revenue

$1.3B+3.08% QoQ

Gross profit

$985M+2.15% QoQ

77.16% margin

Operating income

$314M+1.24% QoQ

24.61% margin

Pre-tax income

$2.0B+275.26% QoQ

Net income

$1.5B+262.35% QoQ

120.77% margin

Cost of revenue

$292M+6.36% QoQ

Operating expenses

$671M+2.59% QoQ

Marketing $331M

R&D $242M

SG&A $98M

Tax

$453M+327.14% QoQ

Other income

$1.7B+659.97% QoQ

Revenue$1.3B+3.08%

Gross profit

$985M+2.15%

77.16% margin

Operating income

$314M+1.24%

24.61% margin

Pre-tax income

$2.0B+275.26%

Net income

$1.5B+262.35%

120.77% margin

Cost of revenue

$292M+6.36%

Operating expenses

$671M+2.59%

Marketing $331M

R&D $242M

SG&A $98M

Other income$1.7B+659.97%

Tax$453M+327.14%

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Jul 31 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 19:00 ET

Intraday

Event sensitivity

CPROF ×1.31· ±2.1% vs ±1.6% · 12 releases

eventrelease day|move|up · n×base

CPROFcorporate profits±2.1%7 of 12×1.31

NFPjobs report±2.0%5 of 10×1.27

CPIconsumer prices±2.0%3 of 10×1.25

PCEpersonal income & outlays±1.7%10 of 19×1.03

FOMCrate decision±1.6%12 of 24×1.03

GDPgross domestic product±1.6%8 of 19×0.98

PPIproducer prices±1.3%3 of 10×0.83

Bar = avg |move| to ±3% · tick = ±1.6% avg day · ×base = |move| ÷ ±1.6% · min 6 releases

Earnings history

EPS 5.15 · consensus —

Quarter	Reported	EPS	Consensus
Q2 FY27	Aug 25 '26 · confirmed	5.15	—
Q1 FY27	May 21 '26 · confirmed	1.42	—
Q3 FY26	Nov 24 '25 · confirmed	2.01	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod