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) P/S ratio

Alert me on P/S ratio

As of 3 November 2026, Zscaler, Inc. (ZS) trades at a P/S ratio of 10.8×. Over the past ten years it has ranged from 0.0× (April 2018) to 67.5× (November 2021); the current reading is higher than 10% of that period. That is above the Software Infrastructure industry median of 2.9× and above the Technology sector median of 2.8×.

P/S ratio, daily

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Annual newest first

Period P/S ratio Change
FY2026 7.2× (56.19%)
FY2025 16.5× 33.28%
FY2024 12.4× (13.91%)
FY2023 14.4× (27.48%)
FY2022 19.8× (58.85%)
FY2021 48.2× 23.72%
FY2020 38.9× 13.24%
FY2019 34.4× 189.90%
FY2018 11.9× —
FY2017 0.0× —

Quarterly newest first

Period P/S ratio Change
Jul 2026 7.2× 9.17%
Apr 2026 6.6× (37.99%)
Jan 2026 10.7× (42.41%)
Oct 2025 18.5× 12.38%
33 more quarters

Against its own ten years

Low 0.0× High 67.5×
Ten-year median 17.7×
Current reading's percentile 9

P/S ratio against peers

Company P/S ratio
XYZ Block, Inc. compare 1.8×
CRWV CoreWeave Inc. compare 3.9×
NTAP NetApp, Inc. compare 5.1×
CPAY Corpay, Inc. compare 5.3×
TWLO Twilio Inc. compare 5.7×
OKTA Okta, Inc. compare 10.6×
ZS Zscaler, Inc. 10.8×
VRSN VeriSign, Inc. compare 16.3×
NBIS Nebius Group N.V. compare 31.3×
Software Infrastructure industry median 2.9×
Technology sector median 2.8×
Market median 1.9×

What P/S ratio is

Price to Sales Ratio shows how much investors pay for each dollar of a company’s annual sales, whether or not it is profitable.

(Stock Price × Shares (Basic, Weighted) (latest quarter)) ÷ Revenue (TTM)

The full definition of P/S ratio →

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