OpenNashEarnings

Software · Nasdaq: ZS

Zscaler earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends July · next results expected around 24 Nov 2026

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q4 FY2026

Zscaler grew Q4 FY26 revenue 25% year over year to $898.2 million and ARR 25% to $3,771 million, with non-GAAP income from operations of $218.4 million, a record 24% of revenue.

Zscaler reported fourth-quarter revenue of $898.2 million, up 25% from a year ago, and annual recurring revenue (ARR) of $3,771 million, also up 25%. The Red Canary acquisition contributed $141 million of ARR; without it, ARR grew 20%. Non-GAAP operating margin hit a record 24%. GAAP results were still a net loss of $3.4 million, and free cash flow fell to $60.8 million as capital spending rose.

Read the Q4 FY2026 summary →

Quarters

KPI history

Revenue$898.2M+24.9% y/yQ4 FY26
Q1 FY25: $628.0MQ1 25$628.0MQ2 FY25: $647.9MQ2 25$647.9MQ3 FY25: $678.0MQ3 25$678.0MQ4 FY25: $719.2M (worked out from the annual figure)Q4 25$719.2MQ1 FY26: $788.1MQ1 26$788.1MQ2 FY26: $815.8MQ2 26$815.8MQ3 FY26: $850.5MQ3 26$850.5MQ4 FY26: $898.2M (worked out from the annual figure)Q4 26$898.2M

Fourth quarter worked out from the annual figure.

Data
Q1 FY25$628.0M
Q2 FY25$647.9M
Q3 FY25$678.0M
Q4 FY25$719.2M *
Q1 FY26$788.1M
Q2 FY26$815.8M
Q3 FY26$850.5M
Q4 FY26$898.2M *
Diluted EPS (GAAP)-$0.09−200.0% y/yQ3 FY26
Q1 FY25: -$0.08Q1 25-$0.08Q2 FY25: -$0.05Q2 25-$0.05Q3 FY25: -$0.03Q3 25-$0.03Q1 FY26: -$0.07Q1 26-$0.07Q2 FY26: -$0.21Q2 26-$0.21Q3 FY26: -$0.09Q3 26-$0.09
Data
Q1 FY25-$0.08
Q2 FY25-$0.05
Q3 FY25-$0.03
Q1 FY26-$0.07
Q2 FY26-$0.21
Q3 FY26-$0.09

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin-1.7%+2.8 pts y/yQ4 FY26
Q1 FY25: -4.9%Q1 25-4.9%Q2 FY25: -6.2%Q2 25-6.2%Q3 FY25: -3.7%Q3 25-3.7%Q4 FY25: -4.5%Q4 25-4.5%Q1 FY26: -4.6%Q1 26-4.6%Q2 FY26: -6.3%Q2 26-6.3%Q3 FY26: -3.5%Q3 26-3.5%Q4 FY26: -1.7%Q4 26-1.7%
Data
Q1 FY25-4.9%
Q2 FY25-6.2%
Q3 FY25-3.7%
Q4 FY25-4.5%
Q1 FY26-4.6%
Q2 FY26-6.3%
Q3 FY26-3.5%
Q4 FY26-1.7%
Free cash flow$79.4M−58.3% y/yQ4 FY26
Q1 FY25: $314.3MQ1 25$314.3MQ2 FY25: $164.4MQ2 25$164.4MQ3 FY25: $138.9MQ3 25$138.9MQ4 FY25: $190.6MQ4 25$190.6MQ1 FY26: $431.0MQ1 26$431.0MQ2 FY26: $186.3MQ2 26$186.3MQ3 FY26: $155.6MQ3 26$155.6MQ4 FY26: $79.4MQ4 26$79.4M
Data
Q1 FY25$314.3M
Q2 FY25$164.4M
Q3 FY25$138.9M
Q4 FY25$190.6M
Q1 FY26$431.0M
Q2 FY26$186.3M
Q3 FY26$155.6M
Q4 FY26$79.4M

Operating cash flow minus capital expenditure, from cash flow statements.

Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26
Revenue$628.0M$647.9M$678.0M$719.2Md$788.1M$815.8M$850.5M$898.2Md
Gross margin77.5%77.1%77.0%76.1%76.6%76.6%77.3%76.7%
Operating income-$30.7M-$40.1M-$25.4M-$32.2Md-$36.4M-$51.8M-$29.6M-$15.5Md
Operating margin-4.9%-6.2%-3.7%-4.5%-4.6%-6.3%-3.5%-1.7%
Net income-$12.1M-$7.7M-$4.1M-$17.6Md-$11.6M-$34.3M-$13.9M-$3.4Md
Diluted EPS-$0.08-$0.05-$0.03—-$0.07-$0.21-$0.09—
Operating cash flow$331.3M$179.4Md$211.1Md$250.6Md$448.3M$204.1Md$198.0Md$279.3Md
Capital expenditure$17.0M$15.0Md$72.2Md$60.0Md$17.3M$17.8Md$42.4Md$199.8Md
Free cash flow$314.3M$164.4M$138.9M$190.6M$431.0M$186.3M$155.6M$79.4M
R&D expense$154.3M$170.9M$169.8M$177.6Md$200.5M$229.1M$232.3M$241.5Md

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings