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

Zscaler, Inc. (ZS) Gross margin

Alert me on Gross margin

Zscaler, Inc.'s gross margin over the twelve months to 31 July 2026 was 76.8%. Over the past ten years it has ranged from 73.1% (fiscal 2015) to 80.3% (fiscal 2019); the current reading is higher than 25% of that period. That is above the Software Infrastructure industry median of 59.2% and above the Technology sector median of 47.1%.

Gross margin, annual

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Annual newest first

Period Gross margin Change (points)
FY2026 76.8% (0.07)
FY2025 76.9% (1.12)
FY2024 78.0% 0.43
FY2023 77.6% (0.23)
FY2022 77.8% 0.12
FY2021 77.7% (0.13)
FY2020 77.8% (2.50)
FY2019 80.3% 0.22
FY2018 80.1% 1.93
FY2017 78.2% 3.21

Quarterly newest first

Period Gross margin Change (points)
Jul 2026 76.7% (0.62)
Apr 2026 77.4% 0.80
Jan 2026 76.6% (0.01)
Oct 2025 76.6% 0.51
33 more quarters

Against its own ten years

Low 73.1% High 80.3%
Ten-year median 77.7%
Current reading's percentile 12

Gross margin against peers

Company Gross margin
CPAY Corpay, Inc. compare 100.0%
VRSN VeriSign, Inc. compare 88.6%
OKTA Okta, Inc. compare 78.1%
ZS Zscaler, Inc. 76.8%
NBIS Nebius Group N.V. compare 74.3%
NTAP NetApp, Inc. compare 70.6%
CRWV CoreWeave Inc. compare 67.4%
TWLO Twilio Inc. compare 48.6%
XYZ Block, Inc. compare 47.5%
Software Infrastructure industry median 59.2%
Technology sector median 47.1%
Market median 46.4%

What Gross margin is

Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.

Gross Profit ÷ Revenue

The full definition of Gross margin →

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