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Wednesday 7 October 2026 Export all ZS data to Excel Powerpack

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 growth for ten consecutive years, operating cash flow growth for ten.

212.25 10.45 +5.18%
Market cap
$33.4B
P/E
0.0×
Dividend yield
—
F-score
3/9
Altman Z
3.22
Beneish M
−2.70
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 15.21
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 7 1 — 3 — — 8 2 1 9 —
Insider Ownership 34.00%

Capital & Financial Ratios $m

Market Cap 33,350.00
Revenue 3,352.52
Net Income (63.18)
Free Cash Flow 779.14
Net Debt (1,777.80)
Current Ratio 1.70
Debt/Equity 0.65
P/E ratio 0.00
P/S ratio 10.14
P/B ratio 13.09
Past 5Y EPS Growth —
This Y EPS Growth 15.91%
Next Y EPS Growth 14.74%
Next 5Y EPS Growth 15.55%

Scores & Valuation vs History

F-score 3/9 Altman Z 3.22 Beneish M −2.70 Dividend safety n/a
P/S against its own 10 years 8.35%
10-year low 10-year high
P/B against its own 10 years 13.91%
10-year low 10-year high
EV/Sales against its own 10 years 8.72%
10-year low 10-year high
EV/FCF against its own 10 years 11.86%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 2026
Cash 2,100 2,410 3,572 3,474
Receivables 583 737 992 1,149
Inventory — — — —
Other — — — —
2,890 3,397 4,894 5,031
2023 2024 2025 2026
Payables 18 23 47 48
ST’ Debt 34 1,142 — —
Other — 1,142 — —
1,536 3,113 2,430 2,961

Compound Annual Growth %

10y 5y 3y
Sales 45.23% 37.87% 27.51%
Cash Flow 0.00% 41.09% 34.69%
Earnings 0.00% 0.00% 0.00%
Book Value 44.24% 37.49% 53.02%

Revenue $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 788 816 850 898 3,353
’25 628 648 678 719 2,673
’24 497 525 553 593 2,168
’23 356 388 419 455 1,617
’22 231 256 287 318 1,091
’21 143 157 176 197 673
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 448 204 198 279 1,130
’25 331 179 211 251 972
’24 261 142 173 204 780
’23 128 89 108 136 462
’22 93 48 77 103 322
’21 54 30 73 45 202
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Oct Jan Apr Jul Year
’26 — — — — —
’26 413 169 136 61 779
’25 292 143 119 172 727
’24 225 101 123 136 585
’23 96 63 74 101 334
’22 83 29 44 75 231
’21 42 18 56 28 144
Fiscal quarters ending in the months shown.

EPS $

Oct Jan Apr Jul Year
’26 — — — — —
’26 (0.07) (0.21) (0.09) (0.02) (0.39)
’25 (0.08) (0.05) (0.03) (0.11) (0.27)
’24 (0.23) (0.19) 0.12 (0.10) (0.39)
’23 (0.48) (0.40) (0.32) (0.21) (1.40)
’22 (0.65) (0.71) (0.72) (0.69) (2.77)
’21 (0.41) (0.50) (0.43) (0.59) (1.93)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to July

Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 Trend 2027e 2028e 2029e
Price, $
Price, $ Low — 24.76 38.03 35.00 157.03 105.74 84.93 153.45 164.78 114.63

Analyst estimates 2027–2029

Powerpack
High — 48.24 89.54 212.59 376.11 323.55 227.29 259.61 336.99 231.48
People
People Employees 950 1,050 1,480 2,020 3,153 4,975 5,962 7,348 7,923 8,700
Revenue/emp, $m 0.13 0.18 0.20 0.21 0.21 0.22 0.27 0.30 0.34 0.39
Income, $m
Income, $m Revenue 126 190 303 431 673 1,091 1,617 2,168 2,673 3,353
Gross margin, % 78.15 80.08 80.30 77.80 77.67 77.79 77.56 77.99 76.87 76.80
EBT (35) (32) (28) (113) (257) (384) (183) (29) (18) (17)
EBT margin, % (27.51) (16.99) (9.22) (26.14) (38.21) (35.16) (11.29) (1.35) (0.68) (0.51)
Net income (35) (34) (29) (115) (262) (390) (202) (58) (41) (63)
Depreciation 15 21 30 51 129 199 169 215 292 404
Per share, $
Per share, $ Revenue 4.30 2.98 2.45 3.33 4.96 7.74 11.16 14.49 17.31 20.92
Earnings (1.21) (0.63) (0.23) (0.89) (1.93) (2.77) (1.40) (0.39) (0.27) (0.39)
Cash flow (0.21) 0.27 0.47 0.61 1.49 2.28 3.19 5.21 6.30 7.05
Capex (0.28) (0.24) (0.24) (0.40) (0.43) (0.64) (0.89) (1.30) (1.59) (2.19)
Free cash flow (0.49) 0.03 0.23 0.21 1.06 1.64 2.30 3.91 4.71 4.86
Book value 1.71 3.76 2.50 3.75 3.90 4.07 5.00 8.52 11.65 16.22
Shares, m 29 64 124 129 136 141 145 150 154 160
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
P/S 0.00 11.86 34.38 38.94 48.18 19.82 14.38 12.38 16.49 7.23
P/B 0.00 9.39 33.75 34.64 61.31 37.72 32.06 21.06 24.51 9.32
EV/Sales 0.00 10.29 33.18 37.79 47.33 19.15 13.80 12.32 16.22 7.04
EV/FCF (34.15) 915.82 360.61 626.23 223.94 90.89 67.18 45.76 59.80 30.34
Cash, $m
Cash, $m Operating cash flow (6) 17 58 79 202 322 462 780 972 1,130
Capex (8) (15) (30) (52) (58) (91) (129) (195) (246) (351)
Free cash flow (14) 2 28 28 144 231 334 585 727 779
Balance, $m
Balance, $m Working capital 22 204 234 1,158 1,128 1,122 1,354 284 2,465 2,070
Total debt — — — 878 934 995 1,168 1,142 1,701 1,696
Net debt (88) (299) (365) (493) (569) (737) (932) (1,267) (1,872) (1,778)
Shareholders’ equity 50 240 309 485 529 573 725 1,274 1,799 2,598
Returns, %
Returns, % ROA (26.77) (12.68) (5.45) (9.44) (12.81) (15.33) (6.28) (1.39) (0.75) (0.88)
ROIC 0.00 0.00 0.00 0.00 0.00 0.00 0.00 (1,129.31) 0.00 (10.15)
ROE 32.64 (89.74) (10.44) (29.02) (51.70) (70.82) (31.17) (5.77) (2.70) (2.87)
Negative figures in brackets.

All 10 years →

Fiscal years to Jul 2026 · latest quarter Jul 2026

Charts ten years each

Zscaler, Inc. peers in Software Infrastructure

Company Market cap P/E Compare
MDB MongoDB, Inc. $29.0B 487× Compare
OKTA Okta, Inc. $38.6B 129× Compare
VRSN VeriSign, Inc. $26.4B 31.8× Compare
CPAY Corpay, Inc. $26.4B 24.5× Compare
Company Market cap P/E Compare
FFIV F5, Inc. $26.0B 37.0× Compare
RBRK Rubrik, Inc. $25.5B 0.0× Compare
NTAP NetApp, Inc. $44.0B 31.8× Compare
IOT Samsara Inc. $24.8B 255× Compare

All 173 Software Infrastructure stocks →

Zscaler, Inc. (ZS) key facts

  • Zscaler, Inc. (ZS) is a Software Infrastructure company in the Technology sector, listed on Nasdaq.
  • Zscaler, Inc.’s revenue for fiscal 2026 (year ended July 2026) was $3.4 billion, up 25.4% from fiscal 2025.
  • As of October 6, 2026, ZS traded at $212.25, a market capitalization of $33.4 billion.
  • Return on equity was −2.87% and debt-to-equity 0.65.
  • Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 3.22 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Zscaler, Inc. (ZS) Latest News

3 Mar

Impact 5 ·

26 Feb

Impact 5 · transcript
stockrow.com/ZS · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com