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    Z

    Zscaler Inc (ZS)

    Official site

    TECHNOLOGY • SOFTWARE - INFRASTRUCTURE • NASDAQ

    $220.43
    -0.36 (-0.16%)

    Market Cap: $36.00B

    Last updated: Oct 16, 2026 at 1:55 PM ET

    Earnings

    Performance (10Y)

    Beat Rate
    94%(33/35)
    Avg Surprise
    +88.74%
    Streak
    2 Q

    Upcoming Estimates

    Period ending Oct 31, 2026
    EPS Consensus$1.16
    Range$1.15 - $1.20
    39 analysts
    EPS Revisions
    34
    0
    7d
    34
    0
    30d
    EPS Estimate DriftChange to current
    90d ago$1.08+7.7%
    60d ago$1.08+7.7%
    30d ago$1.16+0.0%
    7d ago$1.160.0%
    Current$1.16
    Revenue Consensus
    $938M
    Range$937M - $957M
    40 analysts
    Period ending Jan 31, 2027
    EPS Consensus$1.18
    Range$1.14 - $1.29
    39 analysts
    EPS Revisions
    31
    0
    7d
    32
    2
    30d
    EPS Estimate DriftChange to current
    90d ago$1.11+6.4%
    60d ago$1.11+6.4%
    30d ago$1.18+0.1%
    7d ago$1.18+0.0%
    Current$1.18
    Revenue Consensus
    $958M
    Range$949M - $988M
    39 analysts
    PeriodReportedEst.SurpriseB/MYoY
    Jan 27EST
    -$1.18---
    Oct 26EST
    -$1.16---
    Jul 26
    Reported Sep 3
    $0.14$0.06+133.33%Beat-84.3%
    Apr 26
    Reported May 26
    $1.08$1.01+6.93%Beat+28.6%
    Jan 26
    Reported Feb 26
    $-0.08$-0.05-60.00%Miss-110.3%
    Oct 25
    Reported Nov 25
    $0.96$0.86+11.63%Beat+24.7%
    Jul 25
    Reported Sep 2
    $0.89$0.80+11.25%Beat+1.1%
    Apr 25
    Reported May 29
    $0.84$0.76+10.53%Beat-4.5%
    Jan 25
    Reported Mar 5
    $0.78$0.69+13.04%Beat+2.6%
    Oct 24
    Reported Dec 2
    $0.77$0.63+22.22%Beat+14.9%
    Jul 24
    Reported Sep 3
    $0.88$0.69+27.54%Beat+37.5%
    Apr 24
    Reported May 30
    $0.88$0.65+35.38%Beat+83.3%
    Jan 24
    Reported Feb 29
    $0.76$0.58+31.03%Beat+105.4%
    Oct 23
    Reported Nov 27
    $0.67$0.49+36.73%Beat+131.0%
    Jul 23
    Reported Sep 5
    $0.64$0.49+30.61%Beat+156.0%
    Apr 23
    Reported Jun 1
    $0.48$0.43+11.63%Beat+182.4%
    Jan 23
    Reported Mar 2
    $0.37$0.29+27.59%Beat+184.6%
    Oct 22
    Reported Dec 1
    $0.29$0.26+11.54%Beat+107.1%
    Jul 22
    Reported Sep 8
    $0.25$0.21+19.05%Beat+78.6%
    Apr 22
    Reported May 26
    $0.17$0.11+54.55%Beat+13.3%
    Jan 22
    Reported Feb 24
    $0.13$0.11+18.18%Beat+30.0%
    Oct 21
    Reported Nov 30
    $0.14$0.12+16.67%Beat+0.0%
    Jul 21
    Reported Sep 9
    $0.14$0.09+55.56%Beat+180.0%
    Apr 21
    Reported May 25
    $0.15$0.07+114.29%Beat+114.3%
    Jan 21
    Reported Feb 25
    $0.10$0.08+25.00%Beat+11.1%
    Oct 20
    Reported Dec 2
    $0.14$0.06+133.33%Beat+366.7%
    Jul 20
    Reported Sep 9
    $0.05$0.03+66.67%Beat-28.6%
    Apr 20
    Reported May 28
    $0.07$0.02+250.00%Beat+40.0%
    Jan 20
    Reported Feb 20
    $0.09$0.03+200.00%Beat+0.0%
    Oct 19
    Reported Dec 3
    $0.03$0.01+200.00%Beat+200.0%
    Jul 19
    Reported Sep 10
    $0.07$0.02+250.00%Beat+800.0%
    Apr 19
    Reported May 30
    $0.05$0.01+400.00%Beat+350.0%
    Jan 19
    Reported Feb 28
    $0.09$-0.01+1000.00%Beat+169.2%
    Oct 18
    Reported Dec 4
    $0.01N/A+120.00%Beat+114.3%
    Jul 18
    Reported Sep 5
    $-0.01N/A+80.00%Beat+87.5%
    Apr 18
    Reported Jun 6
    $-0.02N/A+75.00%Beat-
    Jan 18
    Reported Mar 16
    $-0.13$-0.03-333.33%Miss-
    Oct 17
    Reported Jan 3
    $-0.07$0.00N/AMiss-
    Jul 17
    Reported Aug 25
    $-0.08$0.00N/AMiss-

    Key Metrics

    Valuation
    P/E Ratio104.97EV/EBITDA140.01x
    Price/FCF45.33xFCF Yield2.21%
    Profitability
    Profit Margin-1.89%Operating Margin-1.01%
    ROE-2.87%ROIC-3.29%
    Financial Health
    Debt/Equity0.65xInterest Coverage-12.00x
    Current Ratio1.70xQuick Ratio1.70x
    Trading Statistics
    Beta0.94Avg Volume3.05M
    52-Week High$336.9952-Week Low$114.62

    Technical Indicators Dashboard

    Moving Averages

    SMA 10$217.04
    SMA 20$210.16
    SMA 50$191.09
    SMA 200$165.93
    EMA 10$217.85
    EMA 20$209.83
    EMA 50$192.68
    EMA 200$182.95

    MACD

    Line: 10.44Signal: 9.68Hist: 0.76

    ADX

    ADX: 24.6+DI: 28.9-DI: 19.8

    Aroon & PSAR

    Aroon Up88.0
    Aroon Down4.0
    PSAR$206.14

    Bollinger Bands

    Upper Band$233.91
    Lower Band$186.40
    %B Position2260%(Upper)
    Band Width0.72

    RSI (14-Day)

    Neutral
    60.6

    Momentum Oscillators

    Stoch %K71.9
    Stoch %D77.8
    Williams %R-33.9
    ROC (10d)10.9%
    Momentum21.65
    CCI (20d)58.3
    MFI (14d)65.1

    Volatility Measures

    ATR (14d)$10.07(4.6%)
    StdDev (20d)11.88
    Hist Vol58.7%(High)

    Volume Flow

    VWAP$218.40
    OBV83.4M
    AD Line63.8M
    CMF (20d)0.093

    Volume Metrics

    Avg Vol (20d)3.0M
    Vol Ratio0.8x
    VWMA (20d)$209.79

    Pivot Points

    R3$232.62
    R2$229.96
    R1$225.38
    Pivot Point$222.72
    S1$218.13
    S2$215.47
    S3$210.89

    Advanced Oscillators

    TSI26.28
    Ultimate Osc55.5
    KST161.54

    Financial Data

    QuarterJul 2026Apr 2026Jan 2026Oct 2025Jul 2025Apr 2025Jan 2025Oct 2024Jul 2024Apr 2024Jan 2024Oct 2023
    Total Revenue$898.18M$850.48M$815.75M$788.11M$719.23M$678.03M$647.90M$627.96M$592.87M$553.20M$525.00M$496.70M
    Cost of Revenue$208.96M$192.65M$191.26M$184.75M$172.24M$155.98M$148.50M$141.46M$130.21M$118.33M$117.20M$111.39M
    Gross Profit$689.22M$657.82M$624.49M$603.36M$546.99M$522.06M$499.40M$486.49M$462.66M$434.87M$407.80M$385.31M
    Operating Expenses$704.71M$687.46M$676.26M$639.72M$579.23M$547.47M$539.54M$517.16M$489.61M$437.88M$453.26M$431.37M
    R&D$241.48M$232.28M$229.14M$200.50M$177.61M$169.76M$170.86M$154.25M$139.15M$124.96M$122.18M$113.54M
    SG&A$81.87M$83.24M$78.18M$65.66M$71.03M$63.10M$60.81M$56.82M$56.26M$50.48M$54.59M$50.72M
    Operating Income$-15,492,000$-29,640,000$-51,773,000$-36,362,000$-32,242,000$-25,411,000$-40,140,000$-30,667,000$-26,950,000$-3,013,000$-45,457,000$-46,057,000
    Interest Income$35.04M$34.04M$33.89M$33.15M$33.17M$31.26M$30.88M$30.05M$27.23M$27.57M$28.39M$25.94M
    Interest Expense$2.75M$2.70M$4.22M$2.13M$2.07M$1.97M$2.34M$3.14M$3.60M$2.76M$3.60M$3.16M
    Income Before Tax$14.90M$-2,371,000$-21,298,000$-8,374,000$-1,903,000$4.56M$-16,537,000$-4,414,000$-5,104,000$20.87M$-20,505,000$-24,486,000
    Income Tax Expense$18.27M$11.51M$13.01M$3.24M$15.68M$8.69M$-8,813,000$7.64M$9.77M$1.74M$7.96M$9.00M
    Net Income$-3,369,000$-13,883,000$-34,312,000$-11,615,000$-17,578,000$-4,125,000$-7,724,000$-12,051,000$-14,878,000$19.12M$-28,469,000$-33,483,000
    EBITDA$93.80M$68.89M$44.95M$50.10M$45.43M$47.25M$19.66M$29.39M$27.60M$46.30M$-815,000$-2,382,000
    EBIT$-17,392,000$-33,714,000$-50,970,000$-39,401,000$-33,004,000$-24,734,000$-45,076,000$-31,319,000$-28,733,000$-3,940,000$-45,285,000$-47,269,000
    * Some calculated fields are derived from available data when not provided by source

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    ZS Valuation and Fair Value

    P/E
    105.0x
    Forward P/E
    43.9x
    EV/EBITDA
    140.0x
    P/FCF
    45.3x
    PEG
    2.2x
    P/B
    13.6x
    See GNG's fair value

    ZS Profitability: Margins, ROIC and FCF

    Gross margin
    76.8%
    Operating margin
    -1.0%
    Net margin
    -1.9%
    ROIC
    -3.3%
    ROE
    -2.9%
    FCF margin
    23.2%
    FCF yield
    2.2%

    ZS Analyst Ratings

    Consensus
    Buy
    Analysts
    46
    Strong Buy
    7
    Buy
    29
    Hold
    10
    Sell
    0
    Strong Sell
    0

    ZS Bull Case vs Bear Case

    Bull case

    • ZS converts 23.2% of revenue into free cash flow.
    • ZS beat EPS estimates in 87.5% of its last 8 reported quarters.
    • ZS grew quarterly revenue 24.9% year over year.

    Bear case

    • ZS trades at 105.0x trailing earnings.
    • ZS has a -1.9% net profit margin.

    ZS Earnings: Beat Rate and Next Report

    Beat rate
    7 of 8 quarters (87.5%)
    Average surprise
    18.6%
    EPS estimate (fiscal period ending Oct 31, 2026)
    $1.16
    Estimate revisions (30 days, fiscal period ending Oct 31, 2026)
    34 up, 0 down

    Frequently Asked Questions About ZS

    Does ZS pay dividends?

    Zscaler Inc (ZS) does not currently pay a regular dividend.

    What is ZS's P/E ratio?

    Zscaler Inc has a price-to-earnings (P/E) ratio of 104.97.

    What is ZS's market cap?

    Zscaler Inc (ZS) has a market capitalization of $36.00B with a current stock price of $220.43.

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