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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalMarket CapitalizationNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on SalesTimes Interest Earned

Zscaler (ZS) EBITDA Margin: 2017-2025

Historic EBITDA Margin for Zscaler (ZS) over the last 9 years, with Oct 2025 value amounting to -4.61%.

  • Zscaler's EBITDA Margin rose 27.00% to -4.61% in Q4 2025 from the same period last year, while for Oct 2025 it was -4.73%, marking a year-over-year decrease of 12.00%. This contributed to the annual value of -4.81% for FY2025, which is 80.00% up from last year.
  • According to the latest figures from Q4 2025, Zscaler's EBITDA Margin is -4.61%, which was down 2.92% from -4.48% recorded in Q3 2025.
  • In the past 5 years, Zscaler's EBITDA Margin registered a high of -0.54% during Q2 2024, and its lowest value of -34.32% during Q1 2021.
  • Its 3-year average for EBITDA Margin is -7.24%, with a median of -5.54% in 2025.
  • Per our database at Business Quant, Zscaler's EBITDA Margin plummeted by 630bps in 2021 and then spiked by 1,688bps in 2023.
  • Quarterly analysis of 5 years shows Zscaler's EBITDA Margin stood at -32.26% in 2021, then spiked by 1,283bps to -19.43% in 2022, then spiked by 1,016bps to -9.27% in 2023, then skyrocketed by 439bps to -4.88% in 2024, then rose by 27bps to -4.61% in 2025.
  • Its EBITDA Margin was -4.61% in Q4 2025, compared to -4.48% in Q3 2025 and -3.75% in Q2 2025.