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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInterest Coverage RatioInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Zscaler (ZS) Net Margin (2017 - 2026)

Zscaler (ZS) has disclosed Net Margin for 10 consecutive years, with 4.21% as the latest value for Q1 2026.

  • On a quarterly basis, Net Margin fell 302.0% to 4.21% in Q1 2026 year-over-year; TTM through Jan 2026 was 2.25%, a 161.0% decrease, with the full-year FY2025 number at 1.55%, up 111.0% from a year prior.
  • Net Margin was 4.21% for Q1 2026 at Zscaler, down from 1.47% in the prior quarter.
  • In the past five years, Net Margin ranged from a high of 3.46% in Q2 2024 to a low of 39.29% in Q1 2022.
  • A 5-year average of 10.6% and a median of 5.42% in 2024 define the central range for Net Margin.
  • Peak YoY movement for Net Margin: soared 2446bps in 2023, then plummeted -407bps in 2025.
  • Zscaler's Net Margin stood at 19.16% in 2022, then soared by 65bps to 6.74% in 2023, then soared by 72bps to 1.92% in 2024, then rose by 23bps to 1.47% in 2025, then crashed by -187bps 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 2.45% (Q3 2025).