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) Return on invested capital

Alert me on Return on invested capital

Zscaler, Inc.'s return on invested capital over the twelve months to 31 July 2026 was −10.2%. Over the past ten years it has ranged from −1,129.3% (fiscal 2024) to 0.00% (fiscal 2025); the current reading is higher than 17% of that period. That is below the Software Infrastructure industry median of 0.00% and below the Technology sector median of 0.00%.

Return on invested capital, annual

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Annual newest first

Period Return on invested capital Change (points)
FY2026 −10.2% (10.15)
FY2025 0.00% 1,129.31
FY2024 −1,129.3% (1,129.31)
FY2023 0.00% 0.00
FY2022 0.00% 0.00
FY2021 0.00% 0.00
FY2020 0.00% 0.00
FY2019 0.00% 0.00
FY2018 0.00% 0.00
FY2017 0.00% 0.00

Against its own ten years

Low −1,129.3% High 0.00%
Ten-year median 0.00%
Current reading's percentile 17

Return on invested capital against peers

Company Return on invested capital
NTAP NetApp, Inc. compare 283.9%
TWLO Twilio Inc. compare 3.42%
OKTA Okta, Inc. compare 3.10%
XYZ Block, Inc. compare 2.60%
CPAY Corpay, Inc. compare 0.00%
VRSN VeriSign, Inc. compare 0.00%
CRWV CoreWeave Inc. compare −0.43%
NBIS Nebius Group N.V. compare −3.94%
ZS Zscaler, Inc. −10.2%
Software Infrastructure industry median 0.00%
Technology sector median 0.00%
Market median 0.00%

What Return on invested capital is

Return on Invested Capital shows how much after-tax operating profit a company earns on the money its lenders and shareholders have put in.

TTM: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) (latest quarter) + Long Term Debt (Total) (latest quarter) + Current Part of Debt (latest quarter) − Cash & Short Term Investments (latest quarter)); Annual: (Operating Income × 0.625) ÷ (Shareholders Equity (Total) + Long Term Debt (Total) + Current Part of Debt − Cash & Short Term Investments)

The full definition of Return on invested capital →

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