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Zscaler ZS EBITDA margin

EBITDA margin at other companies

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-12,269.8%-6,076pp
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1.8%+1.6pp

Other financials

Income statement

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Revenue$850.5M+25.4%
Gross profit$657.8M+26.0%
Operating income-$29.6M-16.6%
Net income-$13.9M-237%
EPS (diluted)-$0.09-200%

Balance sheet

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Cash & equivalents$982.1M-50.7%
Total debt$1.7B+40.9%
Total equity$2.4B+31.1%
Total assets$7.1B+32.9%

Cash flow

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Operating cash flow$198.0M-6.2%
CapEx$42.4M-41.2%
Free cash flow$155.6M+12.0%

Valuation

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Market cap$26.29B-41.6%
Enterprise value$27.04B-39.1%
P/S8.3×-8.6×

Profitability

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Gross margin76.7%-0.7pp
Operating margin-4.7%-0.1pp
Net margin-2.4%+3.7pp
FCF margin30.4%+0.1pp

Returns & leverage

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Return on equity-3.7%+2.3pp
Debt / equity0.7×+0.1×
Current ratio1.9×+0.6×

Where this comes from

Calculated from Zscaler’s reported figures.

Based on trailing twelve months.

The source filing: Zscaler’s 10-Q, filed May 26, 2026. Open the filing →

Filed
May 26, 2026, 4:09 PM EDT
Fiscal quarter
Q3 FY2026
Calendar quarter
Q2 2026
Accession
0001713683-26-000096

FAQ

What is Zscaler's EBITDA margin?
Zscaler (ZS) reported EBITDA margin of -2.8% in Q1 2026.
How has Zscaler's EBITDA margin changed year-over-year?
Zscaler's EBITDA margin increased by 13.1% year-over-year, from -3.2% to -2.8%.
What is the long-term trend for Zscaler's EBITDA margin?
Over 4 years (2021 to 2025), Zscaler's EBITDA margin has grown at a -42.4% compound annual growth rate (CAGR), from -29.9% to -3.3%.
What does EBITDA margin mean?
EBITDA (earnings before interest, taxes, depreciation, and amortization) as a percentage of revenue, trailing twelve months. A proxy for cash operating profitability that strips out capital-structure and non-cash charges.

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