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

Zscaler (ZS) FCF Margin (2017 - 2026)

Zscaler (ZS) has disclosed FCF Margin for 10 consecutive years, with 22.87% as the latest value for Q1 2026.

  • On a quarterly basis, FCF Margin fell 251.0% to 22.87% in Q1 2026 year-over-year; TTM through Jan 2026 was 31.55%, a 27.0% decrease, with the full-year FY2025 number at 30.23%, up 93.0% from a year prior.
  • FCF Margin was 22.87% for Q1 2026 at Zscaler, down from 54.68% in the prior quarter.
  • In the past five years, FCF Margin ranged from a high of 54.68% in Q4 2025 to a low of 13.41% in Q1 2022.
  • A 5-year average of 29.37% and a median of 26.0% in 2024 define the central range for FCF Margin.
  • Peak YoY movement for FCF Margin: skyrocketed 1703bps in 2023, then tumbled -526bps in 2025.
  • Zscaler's FCF Margin stood at 33.98% in 2022, then surged by 50bps to 51.01% in 2023, then fell by -2bps to 50.05% in 2024, then rose by 9bps to 54.68% in 2025, then crashed by -58bps to 22.87% in 2026.
  • Per Business Quant, the three most recent readings for ZS's FCF Margin are 22.87% (Q1 2026), 54.68% (Q4 2025), and 20.75% (Q3 2025).