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Financials · ZS

Zscaler Inc. (ZS) financials

For fiscal 2026 (ended Jul 31, 2026), Zscaler Inc. reported $3.35B of revenue and -$63.18M of net income.

Revenue, FY2026
$3.35B
Revenue growth, YoY
+25.4%
Net income, FY2026
-$63.18M
Net margin
-1.9%
Free cash flow, FY2026
$852.35M
EPS, diluted, FY2026
-$0.39
Cash
$928.35M
Total debt
$1.70B
P/S
9.61
Market cap
$32.23B
Annual revenue$3.35B
FY2017FY2026
Annual net income-$63.18M
FY2017FY2026
Annual free cash flow$852.35M
FY2017FY2026

ZS revenue and earnings growth

ZS revenueQ4 2026$898.18M

Quarter YoY
+24.9%
QoQ
+5.6%
FY YoY
+25.4%
5Y CAGR
+37.9%
10Y CAGR
+45.2%

ZS revenue was $898.18M in fiscal Q4 2026 (ended Jul 31, 2026), up 24.9% from a year earlier and up 5.6% from the prior quarter. For the full fiscal 2026 it was $3.35B, up 25.4% from fiscal 2025. Compound annual growth was +37.9% over 5 years and +45.2% over 10 years. It rose in each of the last 10 fiscal years. Fiscal 2026 is the highest of the 11 fiscal years on file.

ZS net incomeQ4 2026-$3.37M

ZS net income was -$3.37M in fiscal Q4 2026 (ended Jul 31, 2026), compared with -$17.58M a year earlier. For the full fiscal 2026 it was -$63.18M, compared with -$41.48M in fiscal 2025.

ZS EPSQ4 2026-$0.02

ZS diluted EPS was -$0.02 in fiscal Q4 2026 (ended Jul 31, 2026), compared with -$0.11 a year earlier. For the full fiscal 2026 it was -$0.39, compared with -$0.27 in fiscal 2025.

ZS free cash flowQ4 2026$79.45M

Quarter YoY
-58.3%
QoQ
-48.9%
FY YoY
+5.5%
5Y CAGR
+40.8%

ZS free cash flow was $79.45M in fiscal Q4 2026 (ended Jul 31, 2026), down 58.3% from a year earlier and down 48.9% from the prior quarter. For the full fiscal 2026 it was $852.35M, up 5.5% from fiscal 2025. Compound annual growth was +40.8% over 5 years. It rose in each of the last 8 fiscal years. Fiscal 2026 is the highest of the 11 fiscal years on file.

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Income statement

Income statement
Line item
FY2026
Jul 31, 2026
FY2025
Jul 31, 2025
FY2024
Jul 31, 2024
FY2023
Jul 31, 2023
FY2022
Jul 31, 2022
FY2021
Jul 31, 2021
FY2020
Jul 31, 2020
FY2019
Jul 31, 2019
FY2018
Jul 31, 2018
FY2017
Jul 31, 2017
Revenue$3.35B$2.67B$2.17B$1.62B$1.09B$673.10M$431.27M$302.84M$190.17M$125.72M
Cost of revenue$777.63M$618.18M$477.13M$362.83M$242.28M$150.32M$95.73M$59.67M$37.88M$27.47M
Gross profit$2.57B$2.05B$1.69B$1.25B$848.66M$522.78M$335.54M$243.17M$152.30M$98.25M
Research and development$903.40M$672.49M$499.83M$350.79M$289.14M$174.65M$97.88M$61.97M$39.38M$33.56M
Selling, general and admin$308.95M$251.75M$212.05M$178.85M$151.74M$96.53M$73.63M$46.60M$31.14M$20.52M
Operating income-$133.27M-$128.46M-$121.48M-$234.62M-$327.43M-$207.81M-$113.96M-$35.31M-$34.62M-$35.07M
Interest expense$11.79M$9.52M$13.13M$6.54M$56.58M$53.36M$5.03M$0$0-
Pre-tax income-$17.14M-$18.29M-$29.23M-$182.56M-$383.63M-$257.18M-$112.73M-$27.91M-$32.31M-$34.58M
Income tax$46.04M$23.19M$28.48M$19.77M$6.65M$4.85M$2.39M$743.0K$1.34M$877.0K
Net income-$63.18M-$41.48M-$57.71M-$202.34M-$390.28M-$262.03M-$115.12M-$28.66M-$33.65M-$35.46M
EPS, basic-$0.39-$0.27-$0.39-$1.40-$2.77-$1.93-$0.89-$0.23-$0.63-$1.54
EPS, diluted-$0.39-$0.27-$0.39-$1.40-$2.77-$1.93-$0.89-$0.23-$0.63-$1.54
Diluted shares160.2M154.4M149.6M144.9M140.9M135.7M129.3M123.6M63.9M29.2M

Balance sheet

Balance sheet
Line item
FY2026
Jul 31, 2026
FY2025
Jul 31, 2025
FY2024
Jul 31, 2024
FY2023
Jul 31, 2023
FY2022
Jul 31, 2022
FY2021
Jul 31, 2021
FY2020
Jul 31, 2020
FY2019
Jul 31, 2019
FY2018
Jul 31, 2018
FY2017
Jul 31, 2017
Cash and equivalents$928.35M$2.39B$1.42B$1.26B$1.01B$275.90M$141.85M$78.48M$136.15M$88.55M
Receivables$1.15B$992.18M$736.53M$582.64M$399.75M$257.11M$147.58M$93.34M$61.61M$39.05M
Current assets$5.03B$4.89B$3.40B$2.89B$2.26B$1.85B$1.58B$496.09M$387.16M$142.91M
Goodwill$1.22B$417.73M$417.03M$89.19M$78.55M$58.98M$30.06M$7.48M$0-
Total assets$7.87B$6.42B$4.70B$3.61B$2.83B$2.26B$1.83B$604.16M$447.78M$182.90M
Current liabilities$2.96B$2.43B$3.11B$1.54B$1.13B$720.21M$423.90M$261.95M$182.83M$120.46M
Long-term debt$1.70B$1.70B$0$1.13B$968.67M$913.54M$861.62M$0--
Total debt$1.70B$1.70B$0$1.13B$968.67M$913.54M$861.62M$0--
Total liabilities$5.27B$4.62B$3.43B$2.88B$2.26B$1.73B$1.35B$295.60M$207.54M$133.07M
Shareholders' equity$2.60B$1.80B$1.27B$725.11M$573.30M$528.89M$484.83M$308.56M$240.24M-$151.14M

Cash flow

Cash flow
Line item
FY2026
Jul 31, 2026
FY2025
Jul 31, 2025
FY2024
Jul 31, 2024
FY2023
Jul 31, 2023
FY2022
Jul 31, 2022
FY2021
Jul 31, 2021
FY2020
Jul 31, 2020
FY2019
Jul 31, 2019
FY2018
Jul 31, 2018
FY2017
Jul 31, 2017
Operating cash flow$1.13B$972.45M$779.85M$462.34M$321.91M$202.04M$79.32M$58.03M$17.31M-$6.02M
Capital expenditures$277.30M$164.25M$144.59M$97.20M$69.30M$48.16M$43.07M$25.52M$13.40M$7.78M
Free cash flow$852.35M$808.20M$635.26M$365.15M$252.62M$153.88M$36.24M$32.51M$3.91M-$13.80M
Investing cash flow-$2.65B-$427.02M-$683.18M-$259.34M$374.06M-$109.67M-$1.04B-$162.07M-$178.10M-$8.17M
Financing cash flow$62.41M$420.51M$64.21M$45.99M$41.34M$41.67M$1.02B$46.38M$208.40M$9.50M
Share repurchases-----$0$0$22.0K$3.81M$0
Stock-based compensation$821.92M$661.35M$527.68M$444.83M$409.56M$258.54M$121.39M$46.42M$11.22M$9.92M
Depreciation and amortization$148.54M$104.36M$66.31M-------

Key ratios

Key ratios
Line item
FY2026
Jul 31, 2026
FY2025
Jul 31, 2025
FY2024
Jul 31, 2024
FY2023
Jul 31, 2023
FY2022
Jul 31, 2022
FY2021
Jul 31, 2021
FY2020
Jul 31, 2020
FY2019
Jul 31, 2019
FY2018
Jul 31, 2018
FY2017
Jul 31, 2017
Revenue growth, YoY25.4%23.3%34.1%48.2%62.1%56.1%42.4%59.2%51.3%56.5%
Gross margin76.8%76.9%78.0%77.6%77.8%77.7%77.8%80.3%80.1%78.1%
Operating margin-4.0%-4.8%-5.6%-14.5%-30.0%-30.9%-26.4%-11.7%-18.2%-27.9%
Net margin-1.9%-1.6%-2.7%-12.5%-35.8%-38.9%-26.7%-9.5%-17.7%-28.2%
Free cash flow margin25.4%30.2%29.3%22.6%23.2%22.9%8.4%10.7%2.1%-11.0%
Return on equity-2.4%-2.3%-4.5%-27.9%-68.1%-49.5%-23.7%-9.3%-14.0%-
Return on assets-0.8%-0.6%-1.2%-5.6%-13.8%-11.6%-6.3%-4.7%-7.5%-19.4%
Current ratio1.702.011.091.881.992.573.731.892.121.19
Debt to equity0.650.950.001.561.691.731.780.00--

Source: XBRL data Zscaler Inc. files with the SEC, latest filing dated Sep 3, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

ZS peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
ZS$3.35B+25.4%-$63.18M-1.9%$32.23B
ADP$22.26B+6.5%$4.53B20.3%$119.75B
INFY$20.16B+4.6%$3.31B16.4%$50.70B
WDAY$10.15B+13.3%$1.25B12.3%$46.49B
CTSH$21.89B+5.0%$2.57B11.8%$28.93B
VRSN$1.73B+6.5%$849.80M49.1%$27.69B
VRSK$3.18B+4.9%$879.20M27.7%$26.63B
IOT$1.85B+29.5%$90.55M4.9%$24.00B
WIT₹926.24B+4.0%₹131.97B14.2%$21.39B

ZS FAQ

9 questions
  • What is ZS revenue?
    Zscaler Inc. (ZS) reported $3.35B of revenue for fiscal 2026 (ended Jul 31, 2026). That is up 25.4% from the year before.
  • Is ZS profitable?
    No. Zscaler Inc. reported a net loss of $63.18M for fiscal 2026 (ended Jul 31, 2026).
  • How much cash and debt does ZS have?
    Zscaler Inc. reported $928.35M in cash and cash equivalents and $1.70B of debt on its most recent balance sheet in SEC filings.
  • How fast is ZS revenue growing?
    Zscaler Inc.'s revenue changed +25.4% in fiscal 2026, to $3.35B. Its compound annual growth rate was +37.9% over 5 years and +45.2% over 10 years.
  • What is ZS gross margin?
    Zscaler Inc.'s gross profit was $2.57B on $3.35B of revenue for fiscal 2026 (ended Jul 31, 2026), a gross margin of 76.8%.
  • What is ZS free cash flow?
    Zscaler Inc. generated $852.35M of free cash flow for fiscal 2026 (ended Jul 31, 2026), which is operating cash flow of $1.13B less capital expenditures.
  • What is ZS earnings per share?
    Diluted earnings per share were -$0.39 for fiscal 2026 (ended Jul 31, 2026), from SEC filings, restated for any stock split those filings show.
  • When did ZS last report financial results?
    The latest statements here come from Zscaler Inc.'s 10-K filed on Sep 3, 2026, covering the period ended Jul 31, 2026.
  • Where does this ZS financial data come from?
    Quantisnow builds these statements from the structured XBRL data Zscaler Inc. files with the SEC. It is provided for information only and is not investment advice.