KPIs & Operating Metrics(New)
Growth Metrics

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.

  • Quarterly FCF Margin fell 159.0% to 22.87% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 34.69% through Jan 2026, up 117.0% year-over-year, with the annual reading at 33.33% for FY2025, 32.0% down from the prior year.
  • FCF Margin for Q1 2026 was 22.87% at Zscaler, down from 54.68% in the prior quarter.
  • The five-year high for FCF Margin was 54.68% in Q4 2025, with the low at 13.06% in Q2 2022.
  • Average FCF Margin over 5 years is 30.92%, with a median of 28.21% recorded in 2023.
  • Peak annual rise in FCF Margin hit 1971bps in 2022, while the deepest fall reached -3553bps in 2022.
  • Over 5 years, FCF Margin stood at 33.98% in 2022, then surged by 38bps to 46.74% in 2023, then increased by 5bps to 49.19% in 2024, then grew by 11bps to 54.68% in 2025, then plummeted by -58bps to 22.87% in 2026.
  • According to Business Quant data, FCF Margin over the past three periods came in at 22.87%, 54.68%, and 38.0% for Q1 2026, Q4 2025, and Q3 2025 respectively.