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Zoom Communications Inc. (ZM) perpetual futures
ZM perpetual futures on 16 crypto exchanges – live perp price vs the stock, funding rate, open interest and where to trade ZMUSDT.
Zoom Communications, Inc. provides a platform for communication and collaboration, operating in the Americas, Asia Pacific, and EMEA, headquartered in San Jose, California.
$87.34-2.7%NASDAQ closed
Price chart
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Collecting venue price data...
venue perp mark · KuCoin (ZM/USDT)
Auto: highest-volume live perp venueOpen in TradingView
Trading data
Perpetual market activity
16/16 live markets
Trading data
Perpetual market activity
Venues
16
Live markets
16/16
24h volume
$3.4MCoverage: 14/16 marketsExchange-reported volume: $6.6M
Open interest
$36.8MCoverage: 12/16 markets
Best liquidity
$339.4K
Bitunix
Tightest spread
+4.6 bps
Gate.io
Highest volume
$856.7K
Deepcoin
Settlement mix
USDT · 14/16
Perp/spot vol.
0.02x
Spot volume $206.8M
OI / float
+0.16%
Float $23.1B
Spot performance
1D-2.69%
5D-4.19%
1M-11.31%
6M+12.34%
YTD+1.17%
1Y+4.43%
Venue matrix
16 markets
Some venue links are sponsored. We may receive a commission, and eligible users may occasionally receive trading-fee discounts, at no additional cost to you.
| Trade | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
 Deepcoin | Trade | ZM/USDT | Trading | $87.34 | -8.3% APR -0.00760% every 8h | +14.9 bps | $19K | $856.7K | - | USDT | 25x | |
 Binance | Trade | ZM/USDT | Trading | $87.25 | 0.0% APR 0.000% every 8h | +14.9 bps | $127.3K | $772.5K | $401.3K | USDT | - | |
 XT.com | Trade | ZM/USDT | Trading | $87.25 | +11.2% APR +0.010% every 8h | +14.9 bps | $50.8K | $436.5K | $34.8M | USDT | 20x | |
 LBank | Trade | ZM/USDT | Trading | $87.30 | 0.0% APR 0.000% every 8h | +14.9 bps | $65.3K | $421.1K | - | USDT | 50x | |
 Hyperliquid HIP-3 | Trade | xyz:ZM | Trading | $87.28 | +5.5% APR +0.00063% every 1h | +14.1 bps | $32.6K | $341.3K | $423.6K | USDC | 10x | |
 Gate.io | Trade | ZM/USDT | Trading | $87.19 | 0.0% APR 0.000% every 8h | +4.6 bps | - | $152.8K | $171.7K | USDT | 20x | |
 Bybit | Trade | ZM/USDT | Trading | $87.29 | 0.0% APR 0.000% every 8h | +11.5 bps | $6.1K | $119.9K | $61.3K | USDT | 25x | |
 MEXC | Trade | ZM/USDT | Trading | $87.28 | 0.0% APR 0.000% every 8h | +25.2 bps | $34.4K | $94.2K | $530.8K | USDT | 50x | |
 Bitunix | Trade | ZM/USDT | Trading | $87.34 | +3.2% APR +0.00289% every 8h | +10.3 bps | $339.4K | $90.4K | - | USDT | 20x | |
 Bitget | Trade | ZM/USDT | Trading | $87.34 | 0.0% APR 0.000% every 8h | +19.5 bps | - | $85.3K | $174.2K | USDT | 20x | |
 OKX | Trade | ZM/USDT | Trading | $87.26 | 0.0% APR 0.000% every 8h | +19.5 bps | $12.6K | $46.4K | $155.5K | USDT | 20x | |
 HTX | Trade | ZM/USDT | Trading | $87.58 | - | +38.9 bps | $36.3K | $20K | - | USDT | - | |
 Crypto.com Exchange | Trade | ZM/USD | Trading | $86.97 | +297.0% APR +0.034% every 1h | +25.2 bps | $4.5K | $1.7K | $752.3 | USD | 50x | |
 Aster | Trade | ZMUSDT | Trading | $87.28 | 0.0% APR 0.000% every 8h | +99.5 bps | $13.2K | $41.6 | $6.6K | USDT | - | |
 KuCoin | Trade | ZM/USDT | Trading | $87.23 | 0.0% APR 0.000% every 8h | +8.0 bps | $5.5K | $1.9M⚠ | $85.4K | USDT | 20x | |
 BingX | Trade | ZM-USDT | Trading | $87.33 | +5.5% APR +0.00500% every 8h | +20.6 bps | $136.5K | $1.2M⚠ | $8.3K | USDT | - |
Unverified volume: implausibly high against open interest, a typical sign of wash trading. These venues are listed last.
Tokenized wrappers of the real stock, tradable on-chain and on crypto exchanges around the clock. Premium/discount compares the token price to our stock reference price. Data: CoinMarketCap · Robinhood · DexScreener · GeckoTerminal.
| Product | Price | Premium vs stock | 24h Vol. | Market Cap | Chains |
|---|---|---|---|---|---|
| ZMxxStocks | $88.28 | +1.08% | $2k | $150k | Ethereum · BNB Smart Chain (BEP20) · Solana · Arbitrum |
| ZMRobinhood | $87.94 | +0.69% | $27 | $55k | Robinhood Chain |
| Exchange | Pair | Price | 24h Vol. | Liquidity |
|---|---|---|---|---|
 uniswapDEX · robinhood | ZM/USDG ↗ | $87.94 | $27 | $6k |
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100k
Tradability
Execution quality
Entry cost and depth per venue at $1k–$100kBroad liquidity · 10 of 16 venues absorb $10k · Typical cost: +29.6 bps – +51.3 bps
Cheapest execution: Bitunix · +15.2 bps
Too thin: Aster, OKX, KuCoin, Crypto.com Exchange
No fresh book data: Gate.io, Bitget
Taker execution estimate incl. approx. fees - maker fills are not guaranteed.
Best venues for this underlying
Best liquidity
ZMTightest spread
ZMHighest volume
ZMFunding history
Stored venue snapshots by market
Funding history
Stored venue snapshots by marketCompany data
Company fundamentals
Updated 2h ago
Company data
Company fundamentals
Market cap
$25.6B
Updated 2h ago
Revenue
$5B
Trailing 12 months
Revenue growth
+5%
Next fiscal year
Profit margin
+65.2%
P/E
7.9
Peer P/E 15.1
Free cash flow
$1.9B
Trailing 12 months
More metrics
Net income
$3.3B
Trailing 12 months
P/S
5.1
Peer P/E
15.1
Similar listed perps
Revenue estimate
$5.1B
Next fiscal year
Earnings
2026-11-23
Revenue est. $1.3B · Updated 2h ago
Dividend
-
Fundamental detail
Annual + quarterlyLatest revenue$4.9B
Net margin+39.0%
Free cash flow$1.9B
Net debt-$1.2B
PeriodRevenueGrowthNet incomeFCF
2021$2.7B+326%$672.3M$1.4B
2022$4.1B+55%$1.4B$1.5B
2023$4.4B+7%$103.7M$1.2B
2024$4.5B+3%$637.5M$1.5B
2025$4.7B+3%$1B$1.8B
2026$4.9B+4%$1.9B$1.9B
PeriodGross marginOperating marginNet marginROEROA
2021+69.0%+24.9%+25.4%+17.4%+12.7%
2022+74.3%+25.9%+33.6%+23.8%+18.2%
2023+74.9%+5.6%+2.4%+1.7%+1.3%
2024+76.2%+11.6%+14.1%+7.9%+6.4%
2025+75.8%+17.4%+21.7%+11.3%+9.2%
2026+77.0%+23.1%+39.0%+19.4%+15.9%
PeriodCashDebtNet debtCurrent ratio
2021$2.2B$106M-$2.1B3.80
2022$1.1B$105.7M-$957.1M3.91
2023$1.1B$96.5M-$990.4M3.66
2024$1.6B$73M-$1.5B4.50
2025$1.3B$64.4M-$1.3B4.56
2026$1.3B$58.5M-$1.2B4.33
PeriodMarket capEnterprise valueP/SP/E
2021$108.4B$106.3B40.9161.2
2022$45.7B$44.8B11.233.3
2023$22.2B$21.3B5.1214.3
2024$19.4B$17.9B4.330.5
2025$26.8B$25.5B5.726.5
2026$27.7B$26.5B5.714.6
PeriodRevenueGrowthNet incomeFCF
Q3 2025$1.2B+4%$207.1M$457.7M
Q4 2025$1.2B+3%$367.9M$416.2M
Q1 2026$1.2B+3%$254.6M$463.4M
Q2 2026$1.2B+5%$358.6M$507.5M
Q3 2026$1.2B+4%$612.9M$614.3M
Q4 2026$1.2B+5%$674.1M$338.4M
Q1 2027$1.2B+5%$425.7M$500.5M
Q2 2027$1.3B+5%$1.5B$472.4M
PeriodGross marginOperating marginNet marginROEROA
Q3 2025+75.9%+15.5%+17.6%+2.4%+1.9%
Q4 2025+75.7%+19.0%+31.1%+4.1%+3.3%
Q1 2026+76.3%+20.6%+21.7%+2.9%+2.3%
Q2 2026+77.6%+26.4%+29.5%+4.0%+3.2%
Q3 2026+77.9%+25.2%+49.8%+6.6%+5.4%
Q4 2026+76.3%+20.0%+54.1%+6.9%+5.6%
Q1 2027+77.9%+25.1%+34.4%+4.3%+3.5%
Q2 2027+77.2%+24.6%+120.8%+13.6%+11.4%
PeriodCashDebtNet debtCurrent ratio
Q3 2025$1.3B$66.6M-$1.2B4.60
Q4 2025$1.3B$64.4M-$1.3B4.56
Q1 2026$1.2B$61.5M-$1.2B4.57
Q2 2026$1.2B$54.3M-$1.1B4.45
Q3 2026$1.2B$48.5M-$1.2B4.36
Q4 2026$1.3B$58.5M-$1.2B4.33
Q1 2027$890.9M$60.2M-$830.7M4.22
Q2 2027$932M$60.3M-$871.7M3.83
PeriodMarket capEnterprise valueP/SP/E
Q3 2025$23B$21.8B19.527.9
Q4 2025$26.7B$25.4B22.518.1
Q1 2026$23.6B$22.5B20.123.2
Q2 2026$22.3B$21.2B18.415.6
Q3 2026$26.3B$25.1B21.410.7
Q4 2026$27.3B$26.1B21.910.1
Q1 2027$28.6B$27.8B23.116.8
Q2 2027$28.2B$27.3B22.14.6
Refreshed 2h ago
Charts: revenue, profit, cash flow & valuation
CashDebt
Gross marginOperating marginNet margin
P/EP/S
CashDebt
Gross marginOperating marginNet margin
P/EP/S
Next catalyst
Catalysts
Next catalyst
Catalysts
Earnings
2026-11-23
Revenue est. $1.3B · Updated 2h ago
No unusual perp activity right now.
FMP reference data
Market context
FMP reference data
Market context
NASDAQ
After-hours reference
Bid87.13
Ask88.9
Volume2,368,407
Research data
Analysts, filings and peer context
Research data
Analysts, filings and peer context
Estimates
6DateEPS estimateRevenue estimateGrowthAnalysts
FY 20276.15$5.1B+5%15
FY 20286.36$5.3B+9%15
FY 20296.68$5.5B+13%6
FY 20307.00$5.7B+17%2
FY 20316.62$5.9B+22%4
Q2 20271.53$1.3B+1%3
Company events
62026-11-23EarningsActual - / Estimate 1.5-
2026-08-25Earnings · After market closeActual 1.55 / Estimate 1.48Beat
2026-05-21EarningsActual 1.55 / Estimate 1.42Beat
2026-02-25EarningsActual 1.44 / Estimate 1.49Miss
2025-11-24EarningsActual 1.52 / Estimate 1.44Beat
2025-08-21EarningsActual 1.53 / Estimate 1.38Beat
Peer comparison
Similar listed perpsRevenue mix
PendingSegment data is not available yet.
Analysts
PendingNo analyst data available yet.
Ownership
ZM-PERPOwnership data is being populated.
Filings
PendingNo filings available yet.
Transcripts
PendingNo transcripts available yet.
Company news
Reuters, WSJ, Bloomberg and FT first, as far as our news provider delivers them; other publishers behind the second filter. Headlines link to the publisher.No articles from Reuters, WSJ, Bloomberg or FT for this company in our feed.
FMP company data
Company intelligence
Updated: Sep 22, 2026, 03:11 PM UTC
FMP company data
Company intelligence
Company profile
- Sector
- Technology
- Industry
- Software - Application
- Chief executive
- Eric S. Yuan
- Employees
- 7,438
- IPO date
- Apr 18, 2019
- Country
- US
- Exchange
- NASDAQ Global Select
Altman Z-scorei9.55
Piotroski scorei4/9
FMP ratingiS-
Owner earningsi$477.23M$1.59 per share
ESG risk ratingiBIndustry rank: 30 out of 45
Rating factors
- Return on equityi
- 5
- Return on assetsi
- 5
- Debt to equityi
- 5
- Price to earningsi
- 3
- Price to booki
- 3
Company press releases
Zoom unveils AI-powered revenue OS to unify buyer intelligence, customer conversations, and revenue executionGlobeNewsWireZoom Got It Done: Company's New Ad Campaign Featuring Kate McKinnon Shows How Zoom Turns Conversations into Completed WorkGlobeNewsWireZoom Appoints Former Oracle CFO Jeff Epstein to Board of Directors; Jonathan Chadwick to RetireGlobeNewsWireZoom Study Reveals Inbox Anxiety Is the Hidden Cost of VacationGlobeNewsWireZoom Communications Reports Financial Results for the Second Quarter of Fiscal Year 2027GlobeNewsWireZoom to Release Financial Results for the Second Quarter of Fiscal Year 2027GlobeNewsWire
Congressional disclosures
Senate
Charles Patrick RobertsPurchase · $15,001 - $50,000Disclosed: Dec 31, 2020Pat RobertsPurchase · $15,001 - $50,000Disclosed: Dec 31, 2020Charles Patrick RobertsSale (Full) · $15,001 - $50,000Disclosed: Dec 3, 2020Pat RobertsSale (Full) · $15,001 - $50,000Disclosed: Dec 3, 2020Charles Patrick RobertsPurchase · $15,001 - $50,000Disclosed: Sep 30, 2020
House
Robert P. BresnahanSale (Full) · $1,001 - $15,000Disclosed: Jul 9, 2025Robert P. BresnahanSale · $1,001 - $15,000Disclosed: Jul 9, 2025Rob BresnahanSale · $1,001 - $15,000Disclosed: Jul 9, 2025Robert P. BresnahanSale (Full) · $1,001 - $15,000Disclosed: Jul 9, 2025Robert P. BresnahanSale (Full) · $1,001 - $15,000Disclosed: Jul 9, 2025
Market cap history
$26.70B+7.5%Jun 26 – Sep 26
Latest: $26.70B · 2026-09-21High: $31.56B · 2026-08-10Low: $24.83B · 2026-06-22
Largest fund holders
| Fund | Weight | Shares held |
|---|---|---|
| VTI | 0.03% | 8M |
| AFTY | 2.39% | 5.5M |
| VO | 0.23% | 5.4M |
| VXF | 0.31% | 3.1M |
| VETS | 4.79% | 2.6M |
| VTV | 0.09% | 2.4M |
| VGT | 0.13% | 2.2M |
| SZNE | 4.09% | 2.1M |
| FDGRX | 0.19% | 1.9M |
| VOE | 0.4% | 1.6M |
| VFLO | 1.31% | 1.6M |
| FSMAX | 0.3% | 1.3M |
Analyst track record
How the analysts covering ZM have done: ratings, price-target accuracy and the measured reaction after their calls.
| 12 months | 3 years | |
|---|---|---|
| Ratings | 114 | 434 |
| Analysts | 33 | 47 |
| Buy / hold / sell | 69 / 43 / 2 | 166 / 244 / 24 |
| Upgrades / downgrades / initiations | 4 / 0 / 4 | 11 / 2 / 8 |
| Price targets hit / missed | 15 / 80 (16%) | 219 / 138 (61%) |
| Avg. return after a rating (TipRanks) | -14.9% | +5.3% |
| Best / worst call | +22.1% / -33.1% | +64.3% / -33.1% |
After buy calls on this stock: median 21-day move +0.1% vs S&P 500 -1.3% (n = 171)
Most accurate on this stock
Share of an analyst's price targets on this stock that the price reached within 12 months (our measurement over the last 3 years, at least 8 targets). It describes past calls, not the odds of the current one.
- Catharine TrebnickRosenblatt Securities83% hit rate on this stock · 12 targets measuredBuytarget $130Aug 26, 2026
- Matthew HarriganBenchmark Co.67% hit rate on this stock · 9 targets measuredBuytarget $125May 21, 2026
- Michael TurrinWells Fargo63% hit rate on this stock · 16 targets measuredHoldtarget $90.00Oct 1, 2025
Latest ratings
| Date | Analyst | Call | Target | |
|---|---|---|---|---|
| Sep 25, 2026 | Ryan MacWilliamsWells Fargo | HoldMaintained | $105 | article ↗ |
| Sep 25, 2026 | Ryan MacWilliamsWells Fargo | HoldMaintained | $105 | |
| Sep 18, 2026 | Josh BaerMorgan Stanley | HoldReiterated | $107 | article ↗ |
| Sep 18, 2026 | Elizabeth PorterMorgan Stanley | HoldReiterated | $107 | article ↗ |
| Sep 9, 2026 | Matt BullockBank of America Securities | BuyReiterated | $130 | article ↗ |
Share of analysts per call each month (latest call per analyst within 180 days). Targets and closes in USD.
TipRanks data via FMP · computed Sep 26, 2026 · 114 ratings
Frequently asked questions
Where can I trade ZM perpetual futures?
Zoom Communications Inc. (ZM) perpetual futures trade on 16 crypto venues, including KuCoin, BingX, Deepcoin. PerpEquities compares them by live price, funding rate, open interest and liquidity.
Can I trade ZM around the clock?
Yes. Unlike the underlying stock, ZM perpetuals trade 24/7 — including weekends and outside regular market hours.
What is the funding rate on ZM perpetuals?
Right now the ZM perp funding rate is 0.0% annualized (venue median), ranging from -8.3% to +297.0% across 16 venues. A positive rate means longs pay shorts. PerpEquities shows the live rate and its history for every venue.
How does the ZM perp price compare to the Zoom Communications Inc. stock?
The venue-median ZM perp mark is $87.3 versus a reference stock price of $87.3, a basis of -0.1%. Perps follow the stock through an index price; the gap widens when funding or liquidity diverge between venues.
What is a ZM perpetual future?
A ZM perpetual is a derivative that tracks the price of Zoom Communications Inc. with no expiry date. It lets you take long or short exposure to Zoom Communications Inc. on crypto venues, around the clock.
What is ZMUSDT perpetual?
ZMUSDT is the symbol most crypto exchanges use for the Zoom Communications Inc. perpetual settled in USDT (Tether). It tracks the ZM share price through an index, trades 24/7 with leverage and never expires.
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