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%

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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

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Zscaler, Inc. (ZS) Price to free cash flow

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As of 3 November 2026, Zscaler, Inc. (ZS) trades at a price to free cash flow of 46.6×. Over the past ten years it has ranged from 0.0× (July 2018) to 1,413× (August 2018); the current reading is higher than 21% of that period. That is above the Software Infrastructure industry median of 17.3× and above the Technology sector median of 20.0×.

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<iframe src="https://stockrow.com/embed/ZS/price-to-free-cash-flow" width="100%" height="360" style="border:0" loading="lazy" title="Zscaler, Inc. price to free cash flow, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/ZS/metrics/price-to-free-cash-flow">Zscaler, Inc. (ZS) price to free cash flow — stockrow.com</a></p>

Period	Price to free cash flow	Change
FY2026	31.2×	(48.76%)
FY2025	60.8×	32.23%
FY2024	46.0×	(34.30%)
FY2023	70.0×	(25.62%)
FY2022	94.1×	(58.72%)
FY2021	228×	(64.67%)
FY2020	645×	72.65%
FY2019	374×	(64.60%)
FY2018	1,056×	—
FY2017	0.0×	—

Period	Price to free cash flow	Change
Jul 2026	31.2×	31.81%
Apr 2026	23.6×	(35.64%)
Jan 2026	36.7×	(40.80%)
Oct 2025	62.0×	2.03%
33 more quarters	Free account

Against its own ten years

Low 0.0× High 1,413×

Ten-year median 80.6×

Current reading's percentile 21

Company	Price to free cash flow
CRWV CoreWeave Inc. compare	n/m
NBIS Nebius Group N.V. compare	n/m
XYZ Block, Inc. compare	13.2×
CPAY Corpay, Inc. compare	16.3×
NTAP NetApp, Inc. compare	22.7×
VRSN VeriSign, Inc. compare	27.6×
TWLO Twilio Inc. compare	30.0×
OKTA Okta, Inc. compare	34.0×
ZS Zscaler, Inc.	46.6×
Software Infrastructure industry median	17.3×
Technology sector median	20.0×
Market median	14.2×

What Price to free cash flow is

Price to Free Cash Flow Ratio shows how much investors pay for each dollar of cash a company generates after its capital spending.

Stock Price ÷ ((Operating Cash Flow (TTM) + Property, Plant, Equipment Change (Net) (TTM) + Intangible Assets Change (Net) (TTM)) ÷ (Shares (Basic, Weighted) (latest quarter)))

The full definition of Price to free cash flow →

Zscaler, Inc. (ZS) Price to free cash flow

Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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Price to free cash flow, daily

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Against its own ten years

Price to free cash flow against peers

What Price to free cash flow is

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