SuperworthZscaler profit margin ZS
Gross, operating and net profit as a share of revenue over the last twelve months, from 2018.
- Net margin, 12 months
- −1.9%
- Operating margin, 12 months
- −4.0%
- Net margin on a year earlier
- −0.3 pts
- Peer median
- 15.1%
Over the twelve months to Jul 31, 2026, Zscaler kept −1.9% of its revenue as net profit, with an operating margin of −4.0% and a gross margin of 76.8%.
Five years earlier its net margin was −38.9%.
The median for 10 infrastructure software stocks of a similar size is 15.1%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2026 | −1.9% | −4.0% | 76.8% |
| FY2025 | −1.6% | −4.8% | 76.9% |
| FY2024 | −2.7% | −5.6% | 78.0% |
| FY2023 | −12.5% | −14.5% | 77.6% |
| FY2022 | −35.8% | −30.0% | 77.8% |
| FY2021 | −38.9% | −30.9% | 77.7% |
| FY2020 | −26.7% | −26.4% | 77.8% |
| FY2019 | −9.5% | −11.7% | 80.3% |
| FY2018 | −17.7% | −18.2% | 80.1% |
| FY2017 | n/a | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q4 FY26 | −1.9% | −0.3 pts | −4.0% | |
| Q3 FY26 | −2.4% | −0.9 pts | −4.7% | |
| Q2 FY26 | −2.3% | −1.6 pts | −4.9% | |
| Q1 FY26 | −1.4% | +0.1 pts | −4.7% | |
| Q4 FY25 | −1.6% | +1.1 pts | −4.8% | |
| Q3 FY25 | −1.5% | +2.1 pts | −4.8% | |
| Q2 FY25 | −0.6% | +6.7 pts | −4.2% | |
| Q1 FY25 | −1.6% | +8.0 pts | −4.6% | |
| Q4 FY24 | −2.7% | +9.9 pts | −5.6% | |
| Q3 FY24 | −3.6% | +14.6 pts | −6.9% | |
| Q2 FY24 | −7.3% | +16.8 pts | −10.1% | |
| Q1 FY24 | −9.5% | +20.7 pts | −12.0% |
Against its peers
Companies in Software - Infrastructure nearest Zscaler's size, closest first, today.
| Company | Profit margin |
|---|---|
| ZSZscaler | −1.9% |
| TWLOTwilio | 20.6% |
| XYZBlock | 1.4% |
| OKTAOkta | 9.6% |
| MDBMongoDB | 2.1% |
| VRSNVeriSign | 49.8% |
| CPAYCorpay | 22.7% |
| RBRKRubrik | −16.5% |
| IOTSamsara | 4.9% |
| FFIVF5 | 22.0% |
| PTCPTC | 41.4% |
| Peer median | 15.1% |
Where Zscaler ranks
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Zscaler
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.