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Zoom Profits in 2020: $660 Million. Zoom Tax Payment In 2021: $0.

Company paid effective tax rate of 0.8% for 2019, according to its annual report.

Joseph Curl
Zoom Profits in 2020: $660 Million. Zoom Tax Payment In 2021: $0.
Alistair Berg / Getty Images

With the COVID-19 pandemic forcing workers to stay home for much of 2020, the videoconferencing utility Zoom made money hand over fist.

Zoom hauled in some $660 million in pre-tax profits in 2020, compared to $16 million in profits in 2019, according to the Institute on Taxation and Economic Policy.

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