Zscaler, Inc. (ZS)

NASDAQ: ZS · Real-Time Price · USD

214.51

+1.98 (0.93%)

At close: Oct 20, 2026, 4:00 PM EDT

215.50

+0.99 (0.46%)

After-hours: Oct 20, 2026, 7:59 PM EDT

Zscaler Financials Overview

Financials in millions USD. Fiscal year is August - July.

Millions USD. Fiscal year is Aug - Jul.

Revenue & Profits

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul '26 Jul 31, 2026	Jul '26 Jul 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
Revenue	3,353	3,353	2,673	2,168	1,617	1,091
Revenue Growth	25.42%	25.42%	23.31%	34.06%	48.22%	62.08%
Gross Profit	2,577	2,577	2,058	1,693	1,255	850.11
Operating Income	-118.01	-118.01	-122.22	-121.48	-228.06	-327.43
Net Income	-63.18	-63.18	-41.48	-57.71	-202.34	-390.28
Earnings Per Share	-0.39	-0.39	-0.27	-0.39	-1.40	-2.77
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul '26 Jul 31, 2026	Jul '26 Jul 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
Channel Partners	2,835	2,835	2,360	1,968	1,488	1,017
Direct Customers	517.27	517.27	312.89	199.86	128.57	74.2
Revenue (Total)	3,353	3,353	2,673	2,168	1,617	1,091

Cash & Debt

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul '26 Jul 31, 2026	Jul '26 Jul 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
Cash & Investments	3,474	3,474	3,572	2,410	2,100	1,731
Total Debt	1,868	1,868	1,797	1,242	1,219	1,046
Net Cash (Debt)	1,606	1,606	1,776	1,168	881.66	685.62
Net Cash Growth	-9.55%	-9.55%	52.06%	32.46%	28.59%	27.45%
Net Cash Per Share	10.02	10.02	11.50	7.81	6.08	4.87

Cash Flow & CapEx

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul '26 Jul 31, 2026	Jul '26 Jul 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
Operating Cash Flow	1,130	1,130	972.45	779.85	462.34	321.91
Capital Expenditures	-277.3	-277.3	-164.25	-144.59	-97.2	-69.3
Free Cash Flow	852.35	852.35	808.2	635.26	365.15	252.62
Free Cash Flow Growth	5.46%	5.46%	27.22%	73.97%	44.55%	64.17%

Margins

Fiscal Year	TTM	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Jul '26 Jul 31, 2026	Jul '26 Jul 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
Gross Margin	76.87%	76.87%	76.99%	78.08%	77.63%	77.92%
Operating Margin	-3.52%	-3.52%	-4.57%	-5.60%	-14.10%	-30.01%
Pretax Margin	-0.51%	-0.51%	-0.68%	-1.35%	-11.29%	-35.16%
Profit Margin	-1.88%	-1.88%	-1.55%	-2.66%	-12.51%	-35.77%
FCF Margin	25.42%	25.42%	30.23%	29.30%	22.58%	23.16%

Valuation

Fiscal Year	Current	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Oct '26 Oct 21, 2026	Jul '26 Jul 31, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022
Forward PE	43.70	34.07	82.54	58.41	79.69	167.47
P/FCF Ratio	41.03	28.69	55.01	42.67	64.08	87.08
PS Ratio	10.43	7.29	16.63	12.51	14.47	20.16