Zscaler (ZS) EBIT Margin (2017 - 2026)
Zscaler's (ZS) quarterly EBIT Margin came in at 6.35% in Q1 2026, down 15.0% year-on-year from 7.47% in Q1 2025, and down 37.56% on a QoQ basis from 4.61% in Q4 2025.
Zscaler (ZS) EBIT Margin (2017 - 2026) Analysis & Trends
Zscaler (ZS) has 10 years of EBIT Margin data on file, last reported at 6.35% in Q1 2026.
- On a quarterly basis, EBIT Margin fell 15.0% year-over-year to 6.35% in Q1 2026; TTM through Jan 2026 was 4.86%, a 70.0% decrease from a year earlier, with the FY2025 full-year figure at 4.81%, up 80.0% from the prior year.
- EBIT Margin for Q1 2026 stood at 6.35%, down from 4.61% in the prior quarter.
- Over the last five years, EBIT Margin for ZS reached as high as 0.54% in Q2 2024 and fell as low as 32.84% in Q1 2022.
- Historically, EBIT Margin has averaged 11.86% across 5 years, with a median of 8.66% in 2024.
- Across the five-year window, EBIT Margin slumped 534 bps in 2022 and surged 1688 bps in 2023, its largest moves.
- Year by year, EBIT Margin stood at 19.43% in 2022, then soared by 52 bps to 9.27% in 2023, then soared by 47 bps to 4.88% in 2024, then increased by 6 bps to 4.61% in 2025, then plunged by 38 bps to 6.35% in 2026.
- Per Business Quant data, the three most recent EBIT Margin figures were 6.35% in Q1 2026, 4.61% in Q4 2025, and 4.48% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBIT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,842.90 Bn | 2,718.46 Bn | 56.06 Bn | 46.33% |
| 2 | PagSeguro Digital | 2,572.26 Bn | 2,572.26 Bn | 358.92 Mn | 75.95% |
| 3 | Oracle | 329.59 Bn | 297.69 Bn | - | 31.97% |
| 4 | Repay Holdings | 314.63 Bn | 314.48 Bn | - | - |
| 5 | Palantir Technologies | 294.47 Bn | 286.44 Bn | 1.42 Bn | 46.18% |
| 6 | Palo Alto Networks | 227.51 Bn | 222.98 Bn | 1.91 Bn | 15.30% |
| 7 | CrowdStrike Holdings | 183.28 Bn | 180.18 Bn | 993.68 Mn | 1.06% |
| 8 | Fortinet | 112.44 Bn | 109.14 Bn | 1.49 Bn | 31.36% |
| 9 | Cloudflare | 92.78 Bn | 91.83 Bn | 455.60 Mn | -9.69% |
| 10 | Zscaler | 22.71 Bn | 19.35 Bn | 624.49 Mn | -6.35% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -6.35% |
| Oct 31, 2025 | -4.61% |
| Jul 31, 2025 | -4.48% |
| Apr 30, 2025 | -3.75% |
| Jan 31, 2025 | -6.20% |
| Oct 31, 2024 | -4.88% |
| Jul 31, 2024 | -4.55% |
| Apr 30, 2024 | -0.54% |
| Jan 31, 2024 | -8.66% |
| Oct 31, 2023 | -9.27% |
| Jul 31, 2023 | -9.79% |
| Apr 30, 2023 | -13.31% |
| Jan 31, 2023 | -16.83% |
| Oct 31, 2022 | -19.43% |
| Jul 31, 2022 | -25.95% |
| Apr 30, 2022 | -30.19% |
| Jan 31, 2022 | -32.84% |
| Oct 31, 2021 | -32.26% |
| Jul 31, 2021 | -34.20% |
| Apr 30, 2021 | -24.86% |