Zscaler (ZS) FCF Margin (2017 - 2026)
Zscaler (ZS) recorded FCF Margin of 25.42% in FY2026 (year ended Jul 31, 2026), down 4.81 percentage points from 30.23% in FY2025.
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Analysis
Zscaler (ZS) FCF Margin (2017 - 2026) Analysis & Trends
Starting with FY2016, Zscaler's FCF Margin history includes 11 fiscal years.
- Annual FCF Margin has a five-year change of +2.56 percentage points (FY2021 to FY2026).
- The FY2026 figure is the lowest annual FCF Margin since FY2023.
- Per Business Quant data, ZS's FCF Margin was 30.23% in FY2025 (+0.93 pp), 29.30% in FY2024 (+6.72 pp), 22.58% in FY2023 (-0.57 pp) and 23.16% in FY2022 (+0.30 pp).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 255.53 Bn | 240.60 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 230.03 Bn | 210.43 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 123.13 Bn | 109.06 Bn | 1.64 Bn | 47.15% |
| 4 | Snowflake | 107.35 Bn | 94.67 Bn | 1.04 Bn | 5.42% |
| 5 | Datadog | 87.69 Bn | 69.33 Bn | 881.34 Mn | 27.28% |
| 6 | Zscaler | 32.63 Bn | 18.74 Bn | - | - |
| 7 | Okta | 32.61 Bn | 22.70 Bn | 641.00 Mn | 28.94% |
| 8 | Axon Enterprise | 32.22 Bn | 26.75 Bn | 546.45 Mn | -0.11% |
| 9 | MongoDB | 26.93 Bn | 17.40 Bn | 569.77 Mn | 18.06% |
| 10 | F5 | 24.99 Bn | 19.40 Bn | 711.51 Mn | 32.44% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jan 31, 2026 | 22.84% |
| Oct 31, 2025 | 54.68% |
| Jul 31, 2025 | 26.49% |
| Apr 30, 2025 | 20.49% |
| Jan 31, 2025 | 25.38% |
| Oct 31, 2024 | 50.05% |
| Jul 31, 2024 | 26.00% |
| Apr 30, 2024 | 24.90% |
| Jan 31, 2024 | 21.18% |
| Oct 31, 2023 | 46.74% |
| Jul 31, 2023 | 23.93% |
| Apr 30, 2023 | 19.63% |
| Jan 31, 2023 | 18.27% |
| Oct 31, 2022 | 29.04% |
| Jul 31, 2022 | 25.75% |
| Apr 30, 2022 | 17.31% |
| Jan 31, 2022 | 13.41% |
| Oct 31, 2021 | 37.66% |
| Jul 31, 2021 | 15.62% |
| Apr 30, 2021 | 33.19% |
API Access
Zscaler FCF Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-margin&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "ticker": "ZS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-margin&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();