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Zscaler, Inc. ZS Q4 2026 Annual earnings

Reported September 3, 2026 · After market close

Revenue$898.2MBeat by $21.2M
Adjusted EPS$1.19Beat by $0.10
Revenue estimate$877.0M
EPS estimate$1.09
“AI represents one of the most significant opportunities in Zscaler's history. By connecting users, workloads, branches, and now agents directly to the applications they need without placing them on the network, we are uniquely equipped to help companies both combat the threats created by agentic AI and securely deploy AI agents and models. Our continued innovation across Zero Trust SASE, Agentic SecOps, Data Security, and Security for AI is driving increased platform adoption and creating new avenues for growth, as reflected in our strong Q4 results. As AI becomes foundational to how organizations operate, we are well positioned to extend our leadership as the cybersecurity platform for the AI era.”
Jay Chaudhry

Next report

Nov 24, 2026 (in a month)
Revenue estimate$937.7M
EPS estimate$1.16

Financials

Q4 2026

Income statement

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Revenue$898.2M+24.9%
Gross profit$689.2M+26.0%
Operating income-$15.5M+52.0%
Net income-$3.4M+80.8%
EPS (diluted)-$0.02+81.8%

Balance sheet

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Cash & equivalents$928.4M-61.1%
Total debt$159.5M-91.1%
Total equity$2.6B+44.4%
Total assets$7.9B+22.5%

Cash flow

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Operating cash flow$279.3M+11.4%
CapEx$199.8M+233%
Free cash flow$79.4M-58.3%

Valuation & ratios

Valuation

as of 10/09/26
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Market cap$35.35B-29.2%
Enterprise value$34.58B-29.8%
P/S10.5×-8.1×

Profitability

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Gross margin76.8%-0.1pp
Operating margin-4%-0.6pp
Net margin-1.9%+0.5pp
FCF margin25.4%-4.8pp

Returns & leverage

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Return on equity-2.9%+0.2pp
Debt / equity0.1×-0.9×
Current ratio1.7×-0.3×

Segments

By geography

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Europe, Middle East and Africa$246.4M+16.9%
Asia Pacific$140.5M+22.9%
Other$31.5M+23.3%

By segment

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Reportable Segment$898.2M+24.9%

FAQ

When did Zscaler, Inc. report Q4 2026 earnings?
Zscaler, Inc. (ZS) reported Q4 2026 earnings on September 3, 2026 after market close.
What were Zscaler, Inc.'s Q4 2026 revenue and EPS?
Zscaler, Inc. reported revenue of $898.2M and adjusted eps of $1.19 for Q4 2026.
Did Zscaler, Inc. beat estimates in Q4 2026?
Revenue beat the consensus estimate of $877.0M by $21.2M. EPS beat the consensus estimate of $1.09 by $0.10.
How did Zscaler, Inc.'s Q4 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 24.9% from $719.2M a year earlier.
Where can I find Zscaler, Inc.'s Q4 2026 SEC filings?
You can read the 8-K earnings release (0001713683-26-000156) and the 10-K periodic report (0001713683-26-000157) directly on SEC EDGAR. The filing index links above go to sec.gov.