Zscaler (ZS) Free Cash Flow (2017 - 2026)
Zscaler's Free Cash Flow was $852.35 million in FY2026 (year ended Jul 31, 2026), up 5.5% from $808.2 million in FY2025.
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Analysis
Zscaler (ZS) Free Cash Flow (2017 - 2026) Analysis & Trends
From FY2016 onward, Zscaler has reported Free Cash Flow for 11 fiscal years.
- Free Cash Flow has now increased for eight consecutive fiscal years, with a five-year compound annual growth rate of 40.8% (FY2021 to FY2026).
- The FY2026 figure marks the highest annual Free Cash Flow in data going back to FY2016.
- Per Business Quant data, Free Cash Flow in earlier fiscal years was $808.2 million in FY2025 (+27.2%), $635.26 million in FY2024 (+74.0%), $365.15 million in FY2023 (+44.5%) and $252.62 million in FY2022 (+64.2%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 277.52 Bn | 262.59 Bn | 2.30 Bn | 1.25 Bn |
| 2 | CrowdStrike Holdings | 249.50 Bn | 229.90 Bn | 1.10 Bn | 405.86 Mn |
| 3 | Fortinet | 133.40 Bn | 119.33 Bn | 1.64 Bn | 965.60 Mn |
| 4 | Snowflake | 117.12 Bn | 104.44 Bn | 1.04 Bn | 83.80 Mn |
| 5 | Datadog | 94.86 Bn | 76.51 Bn | 881.34 Mn | 305.98 Mn |
| 6 | Okta | 36.37 Bn | 26.46 Bn | 641.00 Mn | 233.00 Mn |
| 7 | Zscaler | 35.35 Bn | 21.47 Bn | - | - |
| 8 | Axon Enterprise | 33.67 Bn | 28.19 Bn | 546.45 Mn | -972,000.00 |
| 9 | MongoDB | 29.54 Bn | 20.01 Bn | 569.77 Mn | 139.41 Mn |
| 10 | F5 | 25.93 Bn | 20.34 Bn | 711.51 Mn | 280.61 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jan 31, 2026 | 186.32 Mn |
| Oct 31, 2025 | 430.97 Mn |
| Jul 31, 2025 | 190.56 Mn |
| Apr 30, 2025 | 138.92 Mn |
| Jan 31, 2025 | 164.42 Mn |
| Oct 31, 2024 | 314.31 Mn |
| Jul 31, 2024 | 154.17 Mn |
| Apr 30, 2024 | 137.76 Mn |
| Jan 31, 2024 | 111.18 Mn |
| Oct 31, 2023 | 232.15 Mn |
| Jul 31, 2023 | 108.87 Mn |
| Apr 30, 2023 | 82.23 Mn |
| Jan 31, 2023 | 70.80 Mn |
| Oct 31, 2022 | 103.26 Mn |
| Jul 31, 2022 | 81.89 Mn |
| Apr 30, 2022 | 49.64 Mn |
| Jan 31, 2022 | 34.27 Mn |
| Oct 31, 2021 | 86.82 Mn |
| Jul 31, 2021 | 30.79 Mn |
| Apr 30, 2021 | 58.56 Mn |
API Access
Zscaler Free Cash Flow 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=free-cash-flow&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();