Zscaler (ZS) EBT Margin (2017 - 2026)
Zscaler's (ZS) quarterly EBT Margin came in at 2.61% in Q1 2026, down 6.0% year-over-year from 2.78% in Q1 2025, and down 145.72% quarter-over-quarter from 1.06% in Q4 2025.
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Analysis
Zscaler (ZS) EBT Margin (2017 - 2026) Analysis & Trends
Zscaler (ZS) has reported EBT Margin for 10 consecutive years, with 2.61% the latest figure, recorded in Q1 2026.
- On a quarterly basis, EBT Margin fell 6.0% year-over-year to 2.61% in Q1 2026; TTM through Jan 2026 was 0.9%, a 69.0% decrease from a year earlier, with the FY2026 full-year figure at 0.51%, up 17.0% from the prior year.
- EBT Margin was 2.61% for Q1 2026 at Zscaler, down from 1.06% in the prior quarter.
- Over five years, EBT Margin peaked at 3.77% in Q2 2024 and troughed at 38.45% in Q1 2022.
- A 5-year average of 9.6% and a median of 3.91% in 2024 frame the typical range for EBT Margin.
- Across the five-year window, EBT Margin plunged 343 bps in 2022 and surged 2613 bps in 2023, its largest moves.
- Over 5 years, EBT Margin stood at 17.84% in 2022, then soared by 72 bps to 4.93% in 2023, then surged by 86 bps to 0.7% in 2024, then plunged by 51 bps to 1.06% in 2025, then plunged by 146 bps to 2.61% in 2026.
- The last three EBT Margin figures came in at 2.61% (Q1 2026), 1.06% (Q4 2025), and 0.26% (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn | -7.89% |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn | 0.27% |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn | 35.17% |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn | -12.17% |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn | 4.61% |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn | 3.61% |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn | 5.95% |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn | 15.65% |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn | 10.24% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jan 31, 2026 | -2.61% |
| Oct 31, 2025 | -1.06% |
| Jul 31, 2025 | -0.26% |
| Apr 30, 2025 | 0.67% |
| Jan 31, 2025 | -2.55% |
| Oct 31, 2024 | -0.70% |
| Jul 31, 2024 | -0.86% |
| Apr 30, 2024 | 3.77% |
| Jan 31, 2024 | -3.91% |
| Oct 31, 2023 | -4.93% |
| Jul 31, 2023 | -5.72% |
| Apr 30, 2023 | -9.40% |
| Jan 31, 2023 | -13.87% |
| Oct 31, 2022 | -17.84% |
| Jul 31, 2022 | -29.92% |
| Apr 30, 2022 | -35.53% |
| Jan 31, 2022 | -38.45% |
| Oct 31, 2021 | -38.31% |
| Jul 31, 2021 | -40.68% |
| Apr 30, 2021 | -32.10% |
API Access
Zscaler EBT Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebt-margin&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebt-margin", "ticker": "ZS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebt-margin&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();