Pricing Log in Create free account
Tuesday 3 November 2026 Export ZS’s income statement to Excel — free account

Zscaler, Inc.

ZS Technology Software Infrastructure

Zscaler, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $3.4 billion, up 25.4% from fiscal 2025.

Revenue
+24.9%
EPS
+81.8%
Free cash flow
−64.7%
Total debt
−0.26%

Quarter to July 2026, against a year earlier

226.28 2.49 +1.11%
Market cap
$36.5B
P/E
0.0×
Fwd P/E
8,874×
Dividend yield
—
F-score
3/9
Altman Z
3.22
Beneish M
−2.70
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Zscaler, Inc. (ZS) EV/FCF

Alert me on EV/FCF

As of 3 November 2026, Zscaler, Inc. (ZS) trades at a EV/FCF of 45.8×. Over the past ten years it has ranged from −184× (July 2018) to 1,273× (August 2018); the current reading is higher than 21% of that period.

EV/FCF, daily

Embed this chart

Annual newest first

Period EV/FCF Change
FY2026 30.3× (49.26%)
FY2025 59.8× 30.69%
FY2024 45.8× (31.89%)
FY2023 67.2× (26.08%)
FY2022 90.9× (59.41%)
FY2021 224× (64.24%)
FY2020 626× 73.66%
FY2019 361× (60.62%)
FY2018 916× —
FY2017 −34.2× —

Quarterly newest first

Period EV/FCF Change
Jul 2026 30.3× 32.75%
Apr 2026 22.9× (36.45%)
Jan 2026 36.0× (41.50%)
Oct 2025 61.5× 2.80%
33 more quarters

Against its own ten years

Low −184× High 1,273×
Ten-year median 77.8×
Current reading's percentile 17

EV/FCF against peers

Company EV/FCF
NBIS Nebius Group N.V. compare −7.3×
CRWV CoreWeave Inc. compare −4.3×
XYZ Block, Inc. compare 13.4×
CPAY Corpay, Inc. compare 13.8×
NTAP NetApp, Inc. compare 22.0×
TWLO Twilio Inc. compare 28.2×
VRSN VeriSign, Inc. compare 29.4×
OKTA Okta, Inc. compare 32.3×
ZS Zscaler, Inc. 45.8×

What EV/FCF is

EV/Free CF shows how the value of a whole company, debt included, compares with the free cash its business produces.

((Stock Price × Shares (Basic, Weighted) (latest quarter)) + (Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter)) − Cash & Short Term Investments (latest quarter)) ÷ (Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM))

The full definition of EV/FCF →

More on ZS