Zscaler, Inc. (ZS)
NASDAQ: ZS · Real-Time Price · USD
169.80
-8.00 (-4.50%)
At close: Sep 4, 2026, 4:00 PM EDT
169.10
-0.70 (-0.41%)
After-hours: Sep 4, 2026, 7:59 PM EDT

Zscaler Financials Overview

Millions USD. Fiscal year is Aug - Jul.

Revenue & Profits

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Jul '26 Jul '25 Jul '24 Jul '23 Jul '22
Revenue
3,3533,3532,6732,1681,6171,091
Revenue Growth
25.42%25.42%23.31%34.06%48.22%62.08%
Gross Profit
2,5762,5762,0581,6931,255850.11
Operating Income
-117.91-117.91-122.22-121.48-228.06-327.43
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 YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Jul '26 Jul '25 Jul '24 Jul '23 Jul '22
Channel Partners
2,8352,8352,3601,9681,4881,017
Direct Customers
517.27517.27312.89199.86128.5774.2
Revenue (Total)
3,3533,3532,6732,1681,6171,091

Cash & Debt

Fiscal YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Jul '26 Jul '25 Jul '24 Jul '23 Jul '22
Cash & Investments
3,4743,4743,5722,4102,1001,731
Total Debt
1,8561,8561,7971,2421,2191,046
Net Cash (Debt)
1,6181,6181,7761,168881.66685.62
Net Cash Growth
-8.87%-8.87%52.06%32.46%28.59%27.45%
Net Cash Per Share
10.1010.1011.507.816.084.87

Cash Flow & CapEx

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Jul '26 Jul '25 Jul '24 Jul '23 Jul '22
Operating Cash Flow
1,1301,130972.45779.85462.34321.91
Capital Expenditures
-277.3-277.3-164.25-144.59-97.2-69.3
Free Cash Flow
852.35852.35808.2635.26365.15252.62
Free Cash Flow Growth
5.46%5.46%27.22%73.97%44.55%64.17%

Margins

Fiscal YearTTMFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingJul '26 Jul '26 Jul '25 Jul '24 Jul '23 Jul '22
Gross Margin
76.85%76.85%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 YearCurrentFY 2026FY 2025FY 2024FY 2023FY 2022
Period EndingSep '26 Jul '26 Jul '25 Jul '24 Jul '23 Jul '22
Forward PE
34.5834.0782.5458.4179.69167.47
P/FCF Ratio
32.4828.6955.0142.6764.0887.08
PS Ratio
8.267.2916.6312.5114.4720.16