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Growth Metrics

Zscaler (ZS) FCF Margin (2017 - 2025)

Historic FCF Margin for Zscaler (ZS) over the last 9 years, with Q4 2025 value amounting to 54.64%.

  • Zscaler's FCF Margin rose 54500.0% 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 18500.0%. This contributed to the annual value of 30.23% for FY2025, which is 9300.0% up from last year.
  • As of Q4 2025, Zscaler's FCF Margin stood at 54.64%, which was up 54500.0% from 26.49% recorded in Q3 2025.
  • Zscaler's FCF Margin's 5-year high stood at 54.64% during Q4 2025, with a 5-year trough of 12.67% in Q1 2021.
  • Moreover, its 5-year median value for FCF Margin was 24.68% (2025), whereas its average is 27.11%.
  • Per our database at Business Quant, Zscaler's FCF Margin skyrocketed by 231300bps in 2021 and then crashed by -158900bps in 2022.
  • Over the past 5 years, Zscaler's FCF Margin (Quarter) stood at 37.66% in 2021, then fell by -23bps to 29.04% in 2022, then surged by 61bps to 46.74% in 2023, then grew by 5bps to 49.19% in 2024, then rose by 11bps to 54.64% in 2025.
  • Its FCF Margin was 54.64% in Q4 2025, compared to 26.49% in Q3 2025 and 22.17% in Q2 2025.