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) Net margin

Alert me on Net margin

Zscaler, Inc.'s net margin over the twelve months to 31 July 2026 was −1.88%. Over the past ten years it has ranged from −44.9% (fiscal 2016) to −1.55% (fiscal 2025); the current reading is higher than 92% of that period. That is below the Software Infrastructure industry median of 0.00% and below the Technology sector median of 0.00%.

Net margin, annual

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Annual newest first

Period Net margin Change (points)
FY2026 −1.88% (0.33)
FY2025 −1.55% 1.11
FY2024 −2.66% 9.85
FY2023 −12.5% 23.26
FY2022 −35.8% 3.16
FY2021 −38.9% (12.24)
FY2020 −26.7% (17.23)
FY2019 −9.46% 11.56
FY2018 −21.0% 14.80
FY2017 −35.8% 9.10

Quarterly newest first

Period Net margin Change (points)
Jul 2026 −0.38% 1.25
Apr 2026 −1.63% 2.58
Jan 2026 −4.21% (2.74)
Oct 2025 −1.47% 0.97
33 more quarters

Against its own ten years

Low −44.9% High −1.55%
Ten-year median −22.6%
Current reading's percentile 85

Net margin against peers

Company Net margin
VRSN VeriSign, Inc. compare 49.1%
CPAY Corpay, Inc. compare 22.6%
TWLO Twilio Inc. compare 21.8%
NTAP NetApp, Inc. compare 19.2%
OKTA Okta, Inc. compare 9.63%
NBIS Nebius Group N.V. compare 3.13%
XYZ Block, Inc. compare 1.80%
ZS Zscaler, Inc. −1.88%
CRWV CoreWeave Inc. compare −25.4%
Software Infrastructure industry median 0.00%
Technology sector median 0.00%
Market median 1.22%

What Net margin is

Net Profit Margin tells an investor how much of each unit of revenue ends up as profit for shareholders after all costs, interest and taxes.

Net Income Allotted to Shareholders ÷ Revenue

The full definition of Net margin →

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