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. In the quarter to July 2026, revenue grew 24.9%, EPS grew 81.8%, free cash flow fell 64.7% and total debt was flat, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for ten.
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Zscaler, Inc. (ZS) P/E ratio
Zscaler, Inc. has no meaningful P/E ratio: its trailing twelve-month earnings is negative. Over the past ten years it has ranged from 0.0× (October 2026) to 0.0× (October 2026) — the current reading is the highest in ten years.
P/E ratio, daily
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Annual newest first
| Period | P/E ratio | Change |
|---|---|---|
| FY2026 | 0.0× | — |
| FY2025 | 0.0× | — |
| FY2024 | 0.0× | — |
| FY2023 | 0.0× | — |
| FY2022 | 0.0× | — |
| FY2021 | 0.0× | — |
| FY2020 | 0.0× | — |
| FY2019 | 0.0× | — |
| FY2018 | 0.0× | — |
| FY2017 | 0.0× | — |
Quarterly newest first
| Period | P/E ratio | Change |
|---|---|---|
| Jul 2026 | 0.0× | — |
| Apr 2026 | 0.0× | — |
| Jan 2026 | 0.0× | — |
| Oct 2025 | 0.0× | — |
| 33 more quarters | Free account |
Against its own ten years
P/E ratio against peers
| Company | P/E ratio |
|---|---|
| CRWV CoreWeave Inc. compare | n/m |
| ZS Zscaler, Inc. | n/m |
| KSPI Joint Stock Company Kaspi.kz Sponsored ADR compare | 8.4× |
| NTAP NetApp, Inc. compare | 31.7× |
| TWLO Twilio Inc. compare | 33.9× |
| XYZ Block, Inc. compare | 129× |
| OKTA Okta, Inc. compare | 134× |
| MDB MongoDB, Inc. compare | 528× |
| NBIS Nebius Group N.V. compare | 655× |
| Software Infrastructure industry median | 30.5× |
| Technology sector median | 29.5× |
| Market median | 18.6× |
What P/E ratio is
Price to Earnings Ratio shows how much investors pay for each dollar of a company’s annual profit per share.
Stock Price ÷ EPS (Basic) (TTM)