Zscaler, Inc. (ZS)

NASDAQ: ZS · Real-Time Price · USD

142.32

+2.62 (1.88%)

At close: Jul 24, 2026, 4:00 PM EDT

142.30

-0.02 (-0.02%)

After-hours: Jul 24, 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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Revenue	3,174	2,673	2,168	1,617	1,091	673.1
Revenue Growth	24.61%	23.31%	34.06%	48.22%	62.08%	56.07%
Gross Profit	2,433	2,055	1,691	1,254	848.66	522.78
Operating Income	-150.02	-128.46	-121.48	-234.62	-327.43	-207.81
Net Income	-48.2	-41.48	-57.71	-202.34	-390.28	-262.03
Earnings Per Share	-0.48	-0.27	-0.39	-1.40	-2.77	-1.93
EPS Growth	-	-	-	-	-	-

Revenue by Segment

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Channel Partners	2,704	2,360	1,968	1,488	1,017	632.42
Direct Customers	469.26	312.89	199.86	128.57	74.2	40.68
Revenue (Total)	3,174	2,673	2,168	1,617	1,091	673.1

Cash & Debt

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Cash & Investments	3,539	3,572	2,410	2,100	1,731	1,503
Total Debt	1,861	1,797	1,238	1,211	1,046	964.61
Net Cash (Debt)	1,678	1,776	1,172	889.69	685.62	537.95
Net Cash Growth	-5.56%	51.56%	31.70%	29.76%	27.45%	15.60%
Net Cash Per Share	10.56	11.50	7.83	6.14	4.87	3.97

Cash Flow & CapEx

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Operating Cash Flow	1,101	972.45	779.85	462.34	321.91	202.04
Capital Expenditures	-137.51	-164.25	-144.59	-97.2	-69.3	-48.17
Free Cash Flow	963.46	808.2	635.26	365.15	252.62	153.88
Free Cash Flow Growth	24.83%	27.22%	73.97%	44.55%	64.17%	324.54%

Margins

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Apr '26 Apr 30, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Gross Margin	76.65%	76.87%	77.99%	77.56%	77.79%	77.67%
Operating Margin	-4.73%	-4.81%	-5.60%	-14.51%	-30.01%	-30.87%
Pretax Margin	-0.07%	-0.68%	-1.35%	-11.29%	-35.16%	-38.21%
Profit Margin	-1.52%	-1.55%	-2.66%	-12.51%	-35.77%	-38.93%
FCF Margin	30.36%	30.23%	29.30%	22.58%	23.16%	22.86%

Valuation

Fiscal Year	Current	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jul '26 Jul 26, 2026	Jul '25 Jul 31, 2025	Jul '24 Jul 31, 2024	Jul '23 Jul 31, 2023	Jul '22 Jul 31, 2022	Jul '21 Jul 31, 2021
Forward PE	32.08	82.54	58.41	79.69	167.47	282.00
P/FCF Ratio	23.89	55.93	43.05	64.64	87.80	212.59
PS Ratio	7.25	16.91	12.62	14.60	20.33	48.60