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Growth Metrics

Zscaler (ZS) FCF Margin: 2017-2025

Historic FCF Margin for Zscaler (ZS) over the last 8 years, with Oct 2025 value amounting to 54.64%.

  • Zscaler's FCF Margin rose 545.00% to 54.64% in Q4 2025 from the same period last year, while for Oct 2025 it was 32.82%, marking a year-over-year increase of 185.00%. This contributed to the annual value of 30.23% for FY2025, which is 93.00% up from last year.
  • Zscaler's FCF Margin amounted to 54.64% in Q4 2025, which was up 106.22% from 26.49% recorded in Q3 2025.
  • In the past 5 years, Zscaler's FCF Margin registered a high of 54.64% during Q4 2025, and its lowest value of 12.67% during Q1 2021.
  • In the last 3 years, Zscaler's FCF Margin had a median value of 24.68% in 2025 and averaged 29.80%.
  • Per our database at Business Quant, Zscaler's FCF Margin surged by 2,313bps in 2021 and then plummeted by 1,589bps in 2022.
  • Quarterly analysis of 5 years shows Zscaler's FCF Margin stood at 37.66% in 2021, then tumbled by 862bps to 29.04% in 2022, then surged by 1,770bps to 46.74% in 2023, then soared by 245bps to 49.19% in 2024, then spiked by 545bps to 54.64% in 2025.
  • Its last three reported values are 54.64% in Q4 2025, 26.49% for Q3 2025, and 22.17% during Q2 2025.