KPIs & Operating Metrics(New)
Growth Metrics

Zscaler (ZS) Net Margin (2017 - 2026)

Zscaler (ZS) has disclosed Net Margin for 10 consecutive years, with 4.2% as the latest value for Q1 2026.

  • Quarterly Net Margin fell 301.0% to 4.2% 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 for Q1 2026 was 4.2% at Zscaler, down from 1.47% in the prior quarter.
  • The five-year high for Net Margin was 3.46% in Q2 2024, with the low at 39.29% in Q1 2022.
  • Average Net Margin over 5 years is 10.59%, with a median of 5.42% recorded in 2024.
  • The sharpest move saw Net Margin skyrocketed 2447bps in 2023, then tumbled -407bps in 2025.
  • Over 5 years, Net Margin stood at 19.16% in 2022, then surged by 65bps to 6.74% in 2023, then surged by 72bps to 1.92% in 2024, then grew by 23bps to 1.47% in 2025, then plummeted by -186bps to 4.2% in 2026.
  • According to Business Quant data, Net Margin over the past three periods came in at 4.2%, 1.47%, and 2.45% for Q1 2026, Q4 2025, and Q3 2025 respectively.