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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 has reported FCF Margin over the past 10 years, most recently at 22.91% for Q1 2026.

  • Quarterly FCF Margin fell 155.0% to 22.91% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 31.93% through Jan 2026, up 58.0% year-over-year, with the annual reading at 30.23% for FY2025, 93.0% up from the prior year.
  • FCF Margin was 22.91% for Q1 2026 at Zscaler, down from 54.64% in the prior quarter.
  • Over five years, FCF Margin peaked at 54.64% in Q4 2025 and troughed at 13.41% in Q1 2022.
  • The 5-year median for FCF Margin is 24.9% (2024), against an average of 28.27%.
  • Year-over-year, FCF Margin tumbled -1589bps in 2022 and then soared 2197bps in 2023.
  • A 5-year view of FCF Margin shows it stood at 29.04% in 2022, then soared by 76bps to 51.01% in 2023, then fell by -4bps to 49.19% in 2024, then increased by 11bps to 54.64% in 2025, then crashed by -58bps to 22.91% in 2026.
  • Per Business Quant, the three most recent readings for ZS's FCF Margin are 22.91% (Q1 2026), 54.64% (Q4 2025), and 26.49% (Q3 2025).