KPIs & Operating Metrics(New)
Growth Metrics

Zscaler (ZS) Gross Margin (2017 - 2026)

Zscaler (ZS) has disclosed Gross Margin for 10 consecutive years, with 76.55% as the latest value for Q1 2026.

  • On a quarterly basis, Gross Margin fell 53.0% to 76.55% in Q1 2026 year-over-year; TTM through Jan 2026 was 76.53%, a 123.0% decrease, with the full-year FY2025 number at 76.87%, down 112.0% from a year prior.
  • Gross Margin was 76.55% for Q1 2026 at Zscaler, roughly flat from 76.56% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 78.61% in Q2 2024 to a low of 76.05% in Q3 2025.
  • A 5-year average of 77.45% and a median of 77.43% in 2023 define the central range for Gross Margin.
  • Peak YoY movement for Gross Margin: soared 160bps in 2022, then crashed -199bps in 2025.
  • Zscaler's Gross Margin stood at 78.43% in 2022, then dropped by -1bps to 77.57% in 2023, then dropped by 0bps to 77.47% in 2024, then decreased by -1bps to 76.56% in 2025, then dropped by 0bps to 76.55% in 2026.
  • Per Business Quant, the three most recent readings for ZS's Gross Margin are 76.55% (Q1 2026), 76.56% (Q4 2025), and 76.05% (Q3 2025).