What is Zscaler's operating income?

Zscaler (ZS) reported operating income of -$29.64M in Q1 2026.

How has Zscaler's operating income changed year-over-year?

Zscaler's operating income decreased by 16.6% year-over-year, from -$25.41M to -$29.64M.

What is the long-term trend for Zscaler's operating income?

Over 4 years (2021 to 2025), Zscaler's operating income has grown at a -11.3% compound annual growth rate (CAGR), from -$207.81M to -$128.46M.

What does operating income mean?

Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

Zscaler ZS Operating Income

Operating Income at other companies

Cisco Systems, Inc.CSCO

$3.96B+23.7%

VirnetX Holding Corp VHC

-$4.51M-11.4%

FortinetFTNT

$580M+27.8%

Palo Alto Networks, Inc.PANW

-$183M-184%

Cloudflare, Inc.NET

-$61.99M-16.4%

CrowdStrike Holdings, Inc.CRWD

-$30.6M+74.2%

Other financials

Income statement

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Revenue$850.5M+25.4%

Gross profit$657.8M+26.0%

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$22.83B-51.2%

Enterprise value$23.57B-48.9%

P/S7.2×-11.2×

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

See full

Return on equity-3.7%+2.3pp

Debt / equity0.7×+0.1×

Current ratio1.9×+0.6×

Where this comes from

Reported directly by Zscaler in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

The official record: Zscaler’s 10-Q, filed May 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zscaler's operating income?: Zscaler (ZS) reported operating income of -$29.64M in Q1 2026.
How has Zscaler's operating income changed year-over-year?: Zscaler's operating income decreased by 16.6% year-over-year, from -$25.41M to -$29.64M.
What is the long-term trend for Zscaler's operating income?: Over 4 years (2021 to 2025), Zscaler's operating income has grown at a -11.3% compound annual growth rate (CAGR), from -$207.81M to -$128.46M.
What does operating income mean?: Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.