Zscaler ZS Operating margin

Operating margin at other companies

Cisco Systems, Inc.CSCO

23.4%+3.1pp

VirnetX Holding Corp VHC

-12,284.6%-6,084pp

FortinetFTNT

32.4%+1.6pp

Palo Alto Networks, Inc.PANW

9.6%-1.5pp

Cloudflare, Inc.NET

-9.3%+0.7pp

CrowdStrike Holdings, Inc.CRWD

-4.2%-0.9pp

FAQ

What is Zscaler's operating margin?

Zscaler (ZS) reported operating margin of -4.7% in Q1 2026.

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

Zscaler's operating margin increased by 2.3% year-over-year, from -4.8% to -4.7%.

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

Over 4 years (2021 to 2025), Zscaler's operating margin has grown at a -37.2% compound annual growth rate (CAGR), from -30.9% to -4.8%.

What does operating margin mean?

Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.