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Workvivo Ltd recorded net profit of €25,866,283 for the financial year ended January 2026, up from €16.9m the year before. Its turnover reached €96,566,244, a 39% increase. Irish Examiner reported that higher services to parent company Zoom contributed to the result, alongside continued enterprise customer growth—not that Zoom alone accounted for the profit increase.
What Workvivo reported for the year ended January 2026
Irish Examiner reported the figures from Workvivo Ltd’s filed financial results. The comparison separates the company’s profit from its turnover, which measures revenue rather than earnings.
| Measure | Year ended January 2026 | Comparison reported |
|---|---|---|
| Net profit | €25,866,283 | Up from €16.9m in the previous year |
| Turnover | €96,566,244 | Up 39% on 2025 |
| Intercompany turnover | Rose by €23.79m | Further services provided to parent Zoom |
| Third-party turnover | Not stated as a total by Irish Examiner | Increased 12% |
| US market | €76m | Reported as Workvivo’s strongest market |
| Average employment | 230 | Up from 165; payroll costs reached €39.9m |
Irish Examiner’s report attributes the figures to the filed results; the underlying accounts filing is not reproduced here.
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Why did profit increase?
The company’s financial statement, quoted by Irish Examiner, said performance reflected “the uplift in services provided to the parent company (Zoom) and continued acquisition of major global enterprise customers”. The statement also linked enterprise growth to sustained product-development investment.
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The €23.79m rise in intercompany turnover is evidence of increased services to Zoom. Separately, third-party turnover grew 12%, indicating growth beyond the parent-company relationship. The report does not break down how much of the €25.9m net profit came from either stream, so the entire profit increase should not be attributed to Zoom.
Higher headcount costs and increased cost of sales—mainly data-centre costs—partly offset the gains. Average employment rose to 230 from 165, while payroll costs reached €39.9m.
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Workvivo’s Cork roots and Zoom ownership
Workvivo says it was founded in Cork in 2017 by CEO John Goulding and CTO Joe Lennon. Zoom acquired the business in April 2023, according to Workvivo’s company history. Irish Examiner reported the deal value as €250m and said Workvivo moved its Cork headquarters to City Quarter, Lapps Quay, in February 2024.
In September 2024, Workvivo announced a Cork hub and a plan to create 100 Irish jobs over three years with IDA Ireland support. That was an announced target; the announcement does not establish how many of those roles were ultimately filled. Workvivo’s announcement quoted Goulding describing plans to expand the product and develop features for employee engagement, culture and communications.
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How the €25.9m result differs from Workvivo’s $100m ARR announcement
On 26 August 2026, Workvivo announced that it had surpassed $100 million in annual recurring revenue (ARR), a milestone it said was disclosed during Zoom Communications’ Q2 FY27 earnings call on 25 August. Workvivo’s announcement is a separate company-scale indicator, not the same measure as Workvivo Ltd’s Irish turnover of €96.6m for the year ended January 2026. The currencies, measures and reporting scopes differ, so the figures should not be treated as a like-for-like comparison.
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