Zscaler (ZS) Net Margin (2017 - 2026)
Zscaler's Net Margin was -1.88% in FY2026 (year ended Jul 31, 2026), down 0.33 percentage points from -1.55% in FY2025.
Powered by 
Analysis
Zscaler (ZS) Net Margin (2017 - 2026) Analysis & Trends
From FY2016 onward, Zscaler has reported Net Margin for 11 fiscal years.
- Net Margin shows a five-year change of +37.04 percentage points (FY2021 to FY2026).
- Annual Net Margin has moved between -35.77% (FY2022) and -1.55% (FY2025) over five years.
- Per Business Quant data, Net Margin in earlier fiscal years was -1.55% in FY2025 (+1.11 pp), -2.66% in FY2024 (+9.85 pp), -12.51% in FY2023 (+23.26 pp) and -35.77% in FY2022 (+3.15 pp).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 264.72 Bn | 249.79 Bn | 2.30 Bn | -8.27% |
| 2 | CrowdStrike Holdings | 238.73 Bn | 219.14 Bn | 1.10 Bn | 0.36% |
| 3 | Fortinet | 127.27 Bn | 113.20 Bn | 1.64 Bn | 29.61% |
| 4 | Snowflake | 110.23 Bn | 97.55 Bn | 1.04 Bn | -12.39% |
| 5 | Datadog | 89.17 Bn | 70.81 Bn | 881.34 Mn | 3.97% |
| 6 | Zscaler | 33.92 Bn | 20.04 Bn | - | - |
| 7 | Okta | 33.82 Bn | 23.92 Bn | 641.00 Mn | 14.41% |
| 8 | Axon Enterprise | 33.04 Bn | 27.56 Bn | 546.45 Mn | 3.25% |
| 9 | MongoDB | 27.87 Bn | 18.34 Bn | 569.77 Mn | 5.30% |
| 10 | F5 | 25.05 Bn | 19.46 Bn | 711.51 Mn | 24.07% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jan 31, 2026 | -4.21% |
| Oct 31, 2025 | -1.47% |
| Jul 31, 2025 | -2.44% |
| Apr 30, 2025 | -0.61% |
| Jan 31, 2025 | -1.19% |
| Oct 31, 2024 | -1.92% |
| Jul 31, 2024 | -2.51% |
| Apr 30, 2024 | 3.46% |
| Jan 31, 2024 | -5.42% |
| Oct 31, 2023 | -6.74% |
| Jul 31, 2023 | -6.74% |
| Apr 30, 2023 | -10.99% |
| Jan 31, 2023 | -14.82% |
| Oct 31, 2022 | -19.17% |
| Jul 31, 2022 | -30.70% |
| Apr 30, 2022 | -35.36% |
| Jan 31, 2022 | -39.29% |
| Oct 31, 2021 | -39.39% |
| Jul 31, 2021 | -41.11% |
| Apr 30, 2021 | -33.14% |
API Access
Zscaler Net Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=net-margin&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-margin", "ticker": "ZS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=net-margin&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();