Zscaler, Inc. (ZS) Income Statement
ZS FY2026 at a glance
Fiscal year ended July 31, 2026 · U.S. dollarsZS revenue and net income
Where ZS's revenue goes
FY2026Each bar shows an amount and its share of revenue. ZS kept −1.9% of revenue as net income.
ZS profit margins
ZS growth rates
to FY2026| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +25.4% | +27.5% | +37.9% | +45.2% |
| Gross profit | +25.3% | +27.1% | +37.6% | +45.6% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | −36.0% | +5.7% | +31.7% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
ZS quarterly EPS vs estimates
Zscaler beat the analyst EPS estimate in 7 of the last 8 quarters. Next report: November 24, 2026 (estimate $0.12).
ZS income statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.35B | $2.67B | $2.17B | $1.62B | $1.09B | $673.1M | $431.3M | $302.8M | $190.2M | $125.7M |
| Cost of revenue | $777.6M | $618.2M | $479.7M | $362.5M | $243.3M | $150.6M | $97.1M | $60.1M | $37.9M | $27.5M |
| Gross profit | $2.57B | $2.05B | $1.69B | $1.25B | $847.6M | $522.5M | $334.2M | $242.8M | $152.3M | $98.2M |
| Research & development | $903.4M | $672.5M | $499.7M | $347.5M | $288.8M | $174.7M | $96.6M | $62.0M | $39.4M | $33.6M |
| Sales, general & admin | $1.80B | $1.51B | $1.31B | $1.13B | $887.0M | $555.9M | $73.6M | $46.6M | $31.1M | $99.8M |
| Total operating expenses | $2.71B | $2.18B | $1.81B | $1.47B | $1.18B | $729.9M | $429.0M | $265.0M | $178.9M | $133.3M |
| Operating income | −$133.3M | −$128.5M | −$123.9M | −$215.4M | −$327.4M | −$207.4M | −$94.9M | −$22.2M | −$26.6M | −$35.1M |
| Interest income | $136.1M | $125.4M | $109.1M | $60.5M | $4.6M | $2.8M | $6.5M | $7.4M | $2.1M | $100,000 |
| Interest expense | $11.8M | $9.5M | $13.1M | $6.8M | $56.6M | $53.4M | $5.0M | $7.4M | $2.3M | $490,000 |
| Income before taxes | −$17.1M | −$18.3M | −$29.2M | −$182.6M | −$383.6M | −$257.2M | −$112.7M | −$27.9M | −$32.3M | −$34.6M |
| Income taxes | $46.0M | $23.2M | $28.5M | $19.8M | $6.6M | $4.9M | $2.4M | $743,000 | $1.3M | $877,000 |
| Net income | −$63.2M | −$41.5M | −$57.7M | −$202.3M | −$390.3M | −$262.0M | −$115.1M | −$28.7M | −$33.6M | −$35.5M |
| EBITDA | $186.6M | $112.4M | $64.8M | −$108.9M | −$277.6M | −$167.4M | −$86.6M | $2.0M | −$24.3M | −$27.7M |
| EPS (diluted) | $2.10 | $3.28 | $3.19 | $1.78 | $0.69 | $0.53 | $0.24 | $0.22 | −$0.23 | −$0.08 |
| Gross margin | 76.8% | 76.9% | 77.9% | 77.6% | 77.7% | 77.6% | 77.5% | 80.2% | 80.1% | 78.1% |
| Operating margin | −4.0% | −4.8% | −5.7% | −13.3% | −30.0% | −30.8% | −22.0% | −7.3% | −14.0% | −27.9% |
| Net margin | −1.9% | −1.6% | −2.7% | −12.5% | −35.8% | −38.9% | −26.7% | −9.5% | −17.7% | −28.2% |
| Jul '26 | Apr '26 | Jan '26 | Oct '25 | Jul '25 | Apr '25 | Jan '25 | Oct '24 | Jul '24 | Apr '24 | Jan '24 | Oct '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $898.2M | $850.5M | $815.8M | $788.1M | $719.2M | $678.0M | $647.9M | $628.0M | $592.9M | $553.2M | $525.0M | $496.7M |
| Cost of revenue | $209.0M | $192.7M | $191.3M | $184.8M | $172.2M | $155.9M | $148.4M | $142.3M | $130.8M | $119.1M | $117.9M | $111.9M |
| Gross profit | $689.2M | $657.8M | $624.5M | $603.4M | $547.6M | $522.2M | $499.5M | $485.7M | $462.1M | $434.1M | $407.1M | $384.8M |
| Research & development | $241.5M | $232.3M | $229.1M | $200.5M | $177.6M | $169.3M | $170.5M | $154.3M | $139.0M | $125.0M | $122.2M | $113.5M |
| Sales, general & admin | $463.2M | $455.2M | $447.1M | $439.2M | $401.6M | $377.7M | $368.3M | $362.9M | $350.5M | $312.9M | $331.1M | $317.8M |
| Total operating expenses | $704.7M | $687.5M | $676.3M | $639.7M | $579.2M | $544.6M | $536.5M | $517.5M | $487.8M | $438.5M | $454.2M | $431.5M |
| Operating income | −$15.5M | −$29.6M | −$51.8M | −$36.4M | −$32.2M | −$22.4M | −$37.0M | −$31.9M | −$25.7M | −$4.4M | −$47.1M | −$46.7M |
| Interest income | $35.0M | $34.0M | $33.9M | $33.2M | $33.2M | $31.3M | $30.9M | $30.0M | $27.2M | $27.6M | $28.4M | $25.9M |
| Interest expense | $2.7M | $2.7M | $4.2M | $2.1M | $2.1M | $2.0M | $2.3M | $3.0M | $3.7M | $2.4M | $3.8M | $3.1M |
| Income before taxes | $14.9M | −$2.4M | −$21.3M | −$8.4M | −$1.9M | $4.6M | −$16.5M | −$4.4M | −$5.1M | $20.9M | −$20.5M | −$24.5M |
| Income taxes | $18.3M | $11.5M | $13.0M | $3.2M | $15.7M | $8.7M | −$8.8M | $7.6M | $9.8M | $1.7M | $8.0M | $9.0M |
| Net income | −$3.4M | −$13.9M | −$34.3M | −$11.6M | −$17.6M | −$4.1M | −$7.7M | −$12.1M | −$14.9M | $19.1M | −$28.5M | −$33.5M |
| EBITDA | $99.5M | $23.0M | $29.0M | $35.0M | $51.5M | $39.0M | $14.5M | $24.2M | $23.0M | $44.3M | $1.8M | −$4.3M |
| EPS (diluted) | $0.14 | $1.08 | −$0.08 | $0.96 | $0.89 | $0.84 | $0.78 | $0.77 | $0.88 | $0.88 | $0.76 | $0.67 |
| Gross margin | 76.7% | 77.3% | 76.6% | 76.6% | 76.1% | 77.0% | 77.1% | 77.3% | 77.9% | 78.5% | 77.5% | 77.5% |
| Operating margin | −1.7% | −3.5% | −6.3% | −4.6% | −4.5% | −3.3% | −5.7% | −5.1% | −4.3% | −0.8% | −9.0% | −9.4% |
| Net margin | −0.4% | −1.6% | −4.2% | −1.5% | −2.4% | −0.6% | −1.2% | −1.9% | −2.5% | 3.5% | −5.4% | −6.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in ZS's financial statements (latest annual report filed September 3, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
ZS financial results
In fiscal year 2026 (ended July 31, 2026), Zscaler reported revenue of $3.4 billion, up 25.4% from the year before. It had a net loss of $63.2 million, a net profit margin of −1.9%. Diluted earnings per share came to $2.10. Over five years revenue grew at an average rate of 37.9% a year.
See the ZS stock overview for the latest quote and news, or the ZS chart for price history and technical indicators.
ZS income statement FAQ
What is Zscaler's annual revenue?
Zscaler reported total revenue of $3.4 billion for fiscal year 2026, which ended on July 31, 2026. That was up 25.4% from $2.7 billion the previous year.
Is Zscaler profitable?
No. Zscaler reported a net loss of $63.2 million in fiscal 2026, a net profit margin of −1.9%; its operating margin was −4.0%.
What is Zscaler's gross margin?
Zscaler's gross margin was 76.8% in fiscal 2026: for every $100 of revenue, Zscaler kept $77 after the direct cost of its products and services.
How much does Zscaler spend on research and development?
Zscaler spent $903.4 million on research and development in fiscal 2026, 26.9% of revenue.
How fast is Zscaler growing?
Revenue grew 37.9% a year on average over the last five fiscal years, from $673.1 million to $3.4 billion.
What are Zscaler's earnings per share?
Zscaler earned $2.10 per diluted share in fiscal 2026, compared with $3.28 a year earlier.
When will Zscaler report its next earnings?
Zscaler is expected to report results for the quarter ending October 31, 2026 on November 24, 2026 after the market closes.
When does Zscaler's fiscal year end?
Zscaler's fiscal year ends in July. The latest annual report covers the year ended July 31, 2026 and was filed on September 3, 2026.