Zscaler (ZS) EBT Margin (2017 - 2026)
Zscaler (ZS) posted quarterly EBT Margin of 2.61% for 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.
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.
- In Q1 2026, EBT Margin fell 6.0% year-over-year to 2.61%; the TTM figure through Jan 2026 stood at 0.9% (down 69.0% YoY), while the FY2025 annual figure was 0.68%, up 66.0% from the prior year.
- EBT Margin eased to 2.61% in Q1 2026 per ZS's latest filing, from 1.06% in the prior quarter.
- Across five years, EBT Margin topped out at 3.77% in Q2 2024 and bottomed at 38.45% in Q1 2022.
- Historically, EBT Margin has averaged 9.6% across 5 years, with a median of 3.91% in 2024.
- Annual changes were most pronounced in 2022 — EBT Margin tumbled 343 bps — and 2023, when it soared 2613 bps.
- Zscaler's EBT Margin stood at 17.84% in 2022, then surged by 72 bps to 4.93% in 2023, then jumped 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.
- Business Quant data shows ZS's EBT Margin at 2.61% in Q1 2026, 1.06% in Q4 2025, and 0.26% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,679.34 Bn | 3,546.58 Bn | 60.48 Bn | 48.94% |
| 2 | Oracle | 433.50 Bn | 402.15 Bn | - | 27.99% |
| 3 | Palantir Technologies | 418.20 Bn | 408.90 Bn | 1.64 Bn | 55.87% |
| 4 | Palo Alto Networks | 312.41 Bn | 309.30 Bn | 2.03 Bn | -5.20% |
| 5 | Fortinet | 117.38 Bn | 113.31 Bn | 1.64 Bn | 35.17% |
| 6 | Cloudflare | 101.74 Bn | 97.57 Bn | 499.52 Mn | -24.13% |
| 7 | Synopsys | 80.70 Bn | 78.49 Bn | 1.77 Bn | 3.28% |
| 8 | CoreWeave | 58.00 Bn | 52.46 Bn | 1.70 Bn | -21.90% |
| 9 | Block | 49.79 Bn | 43.33 Bn | 3.17 Bn | 4.56% |
| 10 | Zscaler | 29.48 Bn | 26.12 Bn | 624.49 Mn | -2.61% |
Historic Data
Download 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% |