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AppLovin vs Zoom Communications: revenue, profit, margins and growth compared

AppLovin brought in $5.5B of revenue in fiscal 2025, Zoom Communications $4.9B in fiscal 2026. Revenue changed by +70.0% at AppLovin and +4.4% at Zoom Communications on the year before, so AppLovin grew faster. AppLovin kept 60.8% of its revenue as net profit, Zoom Communications 39.0%.

Side by side, latest fiscal year

APPZM
Fiscal year endedFY2025 (December 31, 2025)FY2026 (January 31, 2026)
Revenue$5.5B$4.9B
Revenue growth+70.0%+4.4%
Net income$3.3B$1.9B
Net margin60.8%39.0%
Free cash flown/a$1.9B
Free cash flow marginn/a39.5%
Earnings per share (diluted)$9.75$6.18
Cash$2.5B$1.3B
Debt$3.5Bn/a
Price to earnings31.914.5
Market value$104B$26.3B
Dividend yieldn/an/a
Rank by revenue in sector#84 of 530 · Technology#96 of 530 · Technology

Over the years

Revenue
APP FY2019: $994.1MAPP FY2021: $1.5BAPP FY2021: $2.8BAPP FY2022: $2.8BAPP FY2023: $1.8BAPP FY2024: $3.2BAPP FY2025: $5.5BZM FY2020: $330.5MZM FY2020: $622.7MZM FY2021: $2.7BZM FY2022: $4.1BZM FY2023: $4.4BZM FY2024: $4.5BZM FY2025: $4.7BZM FY2026: $4.9BFY19FY20FY21FY22FY23FY24FY25FY26
APP $5.5BZM $4.9B
Net income
APP FY2019: $119MAPP FY2021: -$125.2MAPP FY2021: $35.4MAPP FY2022: -$192.7MAPP FY2023: $356.7MAPP FY2024: $1.6BAPP FY2025: $3.3BZM FY2020: $7.6MZM FY2020: $25.3MZM FY2021: $672.3MZM FY2022: $1.4BZM FY2023: $103.7MZM FY2024: $637.5MZM FY2025: $1BZM FY2026: $1.9BFY19FY20FY21FY22FY23FY24FY25FY26
APP $3.3BZM $1.9B
Net margin
APP FY2019: 12.0%APP FY2021: -8.6%APP FY2021: 1.3%APP FY2022: -6.8%APP FY2023: 19.4%APP FY2024: 49.0%APP FY2025: 60.8%ZM FY2020: 2.3%ZM FY2020: 4.1%ZM FY2021: 25.4%ZM FY2022: 33.6%ZM FY2023: 2.4%ZM FY2024: 14.1%ZM FY2025: 21.7%ZM FY2026: 39.0%FY19FY20FY21FY22FY23FY24FY25FY26
APP 60.8%ZM 39.0%
Revenue growth
APP FY2021: +46.0%APP FY2021: +92.5%APP FY2022: +0.9%APP FY2023: -34.6%APP FY2024: +75.1%APP FY2025: +70.0%ZM FY2020: +88.4%ZM FY2021: +325.8%ZM FY2022: +54.6%ZM FY2023: +7.1%ZM FY2024: +3.1%ZM FY2025: +3.1%ZM FY2026: +4.4%FY20FY21FY22FY23FY24FY25FY26
APP +70.0%ZM +4.4%
Free cash flow
APP FY2019: $195.1MAPP FY2021: $219.6MAPP FY2021: $360.5MAPP FY2022: $412.1MAPP FY2023: $1.1BAPP FY2024: $2.1BZM FY2020: $22.9MZM FY2020: $113.8MZM FY2021: $1.4BZM FY2022: $1.5BZM FY2023: $1.2BZM FY2024: $1.5BZM FY2025: $1.8BZM FY2026: $1.9BFY19FY20FY21FY22FY23FY24FY25FY26
APP $2.1BZM $1.9B

Fiscal years as each company reports them; the two may end in different months.

Questions about AppLovin and Zoom Communications

Which is bigger by revenue, AppLovin or Zoom Communications?

AppLovin is bigger by revenue: $5.5B in fiscal 2025, against $4.9B for Zoom Communications in fiscal 2026.

Which keeps more of its revenue as profit, AppLovin or Zoom Communications?

AppLovin had a net margin of 60.8% in fiscal 2025; Zoom Communications had 39.0% in fiscal 2026.

Which grew revenue faster, AppLovin or Zoom Communications?

In their latest fiscal years revenue changed by +70.0% at AppLovin and +4.4% at Zoom Communications.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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