Zscaler (ZS) Gross Margin (2017 - 2026)

Zscaler (ZS) has 10 years of Gross Margin data on file, last reported at 76.55% in Q1 2026.

• On a quarterly basis, Gross Margin fell 53.0% year-over-year to 76.55% in Q1 2026; TTM through Jan 2026 was 76.53%, a 123.0% decrease from a year earlier, with the FY2025 full-year figure at 76.87%, down 112.0% from the prior year.
• Gross Margin for Q1 2026 stood at 76.55%, roughly flat from 76.56% in the prior quarter.
• Over the last five years, Gross Margin for ZS reached as high as 78.61% in Q2 2024 and fell as low as 76.05% in Q3 2025.
• Historically, Gross Margin has averaged 77.45% across 5 years, with a median of 77.43% in 2023.
• Across the five-year window, Gross Margin jumped 160 bps in 2022 and sank 199 bps in 2025, its largest moves.
• Year by year, Gross Margin stood at 78.43% in 2022, then fell by 1 bps to 77.57% in 2023, then slipped by 0 bps to 77.47% in 2024, then retreated by 1 bps to 76.56% in 2025, then slipped by 0 bps to 76.55% in 2026.
• Per Business Quant data, the three most recent Gross Margin figures were 76.55% in Q1 2026, 76.56% in Q4 2025, and 76.05% in Q3 2025.