KPIs & Operating Metrics(New)
Growth Metrics

Zscaler (ZS) Net Margin (2017 - 2026)

Zscaler has reported Net Margin over the past 10 years, most recently at 4.21% for Q1 2026.

  • Quarterly Net Margin fell 301.0% to 4.21% in Q1 2026 from the year-ago period, while the trailing twelve-month figure was 2.25% through Jan 2026, down 161.0% year-over-year, with the annual reading at 1.55% for FY2025, 111.0% up from the prior year.
  • Net Margin was 4.21% for Q1 2026 at Zscaler, down from 1.47% in the prior quarter.
  • Over five years, Net Margin peaked at 3.46% in Q2 2024 and troughed at 39.29% in Q1 2022.
  • The 5-year median for Net Margin is 5.43% (2024), against an average of 10.6%.
  • Year-over-year, Net Margin soared 2447bps in 2023 and then plummeted -407bps in 2025.
  • A 5-year view of Net Margin shows it stood at 19.16% in 2022, then surged by 65bps to 6.74% in 2023, then surged by 72bps to 1.91% in 2024, then rose by 23bps to 1.47% in 2025, then plummeted by -185bps to 4.21% in 2026.
  • Per Business Quant, the three most recent readings for ZS's Net Margin are 4.21% (Q1 2026), 1.47% (Q4 2025), and 2.44% (Q3 2025).