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NASDAQ · Software - Infrastructure · USD

Zscaler, Inc. (ZS) Stock Analysis

Zscaler, Inc. (ZS) is a Software - Infrastructure stock listed on NASDAQ and quoted in US Dollar.

Last Updated: October 21, 2026

ZS

$231.33

+$16.82 (+7.84%)

Oct 21, 2026 · Market close

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Price History

Hover for the daily close. The dotted line marks the period open.

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ZS Key Statistics

As of Oct 21, 2026
Trading
Open
$214.50
Previous Close
$214.51
Day's Range
214.50–232.06
52-Week Range
114.63–336.99
Volume
2.76M
BetaHow much the share price moves relative to the wider market. 1.0 moves in line with it; above 1.0 swings more, below 1.0 less.
0.94
Valuation
Market Cap
$37.72B
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
41.14
PEG RatioThe P/E ratio divided by the expected earnings growth rate. It puts a high P/E in the context of how fast profits are growing.
2.20
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
11.25
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.39
Financials (FY)
Revenue (FY)
$2.67B+23.31%
Net Income (FY)
−$41.48M
Profit marginThe share of revenue left as profit after all costs and taxes.
−1.89%
Shares OutstandingThe total number of shares held by all investors. Market value is this figure multiplied by the share price.
163.05M
1-Year Return
−25.47%
Dividend and dates
Earnings Date
November 24, 2026estimated
Avg Volume
2.85M

Only metrics the company reports are shown. Data provided by Yahoo Finance via yfinance. Updated daily.

Key facts

As of October 21, 2026, ZS closed at $231.33, −25.47% over 1 year.

Zscaler, Inc. (ZS) has a market capitalization of $37.72B.

In fiscal 2025, ZS reported revenue of $2.67B.

ZS Stock Return by Calendar Year

Zscaler, Inc. (ZS) return since Mar 2018: what $10,000 became

1 year
$10,000 $7,453
−25.47%
5 years
$10,000 $7,567
−24.33%
Since Mar 2018
$10,000 $70,100
+601.00%

If you had invested $10,000 in Zscaler, Inc. (ZS) at the close on March 16, 2018, the earliest close on record here, it would have been worth $70,100 at the close on October 21, 2026: +601.00% in total, +25.41% a year, over a partial period shorter than 10 years. A historical calculation from closing prices adjusted for splits and dividends, before fees and taxes.

Calendar-year returns computed from daily closing prices. Partial years are shown muted and marked with an asterisk.

YearReturn
2026 (partial year)+2.85%
2025+24.67%
2024−18.57%
2023+98.00%
2022−65.18%
2021+60.90%
2020+329.48%
2019+18.59%
2018 (partial year)+18.82%

As of October 21, 2026.

ZS Revenue and Earnings by Fiscal Year

FY ends July
Fiscal yearRevenueNet incomeNet margin
2025$2.67B−$41.48M−1.6%
2024$2.17B−$57.71M−2.7%
2023$1.62B−$202.34M−12.5%
2022$1.09B−$390.28M−35.8%
Fiscal yearRevenueGross profitOperating incomeNet incomeNet margin
2025$2.67B$2.05B−$127.14M−$41.48M−1.6%
2024$2.17B$1.69B−$121.48M−$57.71M−2.7%
2023$1.62B$1.25B−$234.62M−$202.34M−12.5%
2022$1.09B$848.66M−$327.43M−$390.28M−35.8%

Annual figures as reported, in the company's reporting currency. As of July 31, 2025.

ZS Valuation vs Software - Infrastructure Median

Median of 182 stocks
MetricZSSoftware - Infrastructure medianvs median
P/S ratio11.253.273.4x the median
Profit margin−1.89%2.53%4.4 pts below

Medians across 182 Software - Infrastructure stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of October 21, 2026.

Recent News

All 20 articles ↓

News provided by third-party sources. Not financial advice.

Analysis

Data-derived

Company Overview

Zscaler, Inc. (ZS) carries a market capitalisation of $37.72B. It is classified in the Software - Infrastructure industry, within the Technology sector. The company reports 8,700 employees.

The most recent close on file for ZS is $231.33, dated October 21, 2026. That is +$16.82 (+7.84%) against the previous close. Over the past 52 weeks the price has ranged from $114.63 to $336.99. The latest close sits 101.81% above that 52-week low.

Financial Health

In fiscal 2025, Zscaler, Inc. reported revenue of $2.67B. That is +23.31% against the prior fiscal year, when revenue was $2.17B. The same year closed with a net loss of $41.48M. Profit margin runs at −1.89%. That is 4.4 percentage points below the Software - Infrastructure median of 2.53%. Trailing earnings per share are −0.39.

Across the 4 fiscal years on file, revenue moves from $1.09B in 2022 to $2.67B in 2025. Of those 4 years, 0 report positive net income.

Valuation Assessment

The record shows negative trailing earnings, so no price-to-earnings ratio is published. On forward earnings the ratio is 41.14. The PEG ratio, which sets the P/E against expected earnings growth, reads 2.2. The price-to-sales ratio is 11.25. On price-to-sales that is 3.4 times the Software - Infrastructure median of 3.27. The medians here are taken across 182 Software - Infrastructure companies that report the metric.

Over the trailing twelve months the total return is −25.47%. Across 5 years the annualized return works out at −5.42%. Beta against the wider market is reported at 0.94. Daily returns over the trailing 8 years annualize to a volatility of 57.97%.

Growth & Income

The record shows no dividend for ZS.

Across the complete calendar years on file, 2020 returned +329.48% and 2022 returned −65.18%. Of the 7 complete calendar years on file, 5 finished higher. So far in 2026 the total return is +2.85%.

Peer Comparison

Zscaler, Inc. (ZS) operates in the Software - Infrastructure industry. Here is how it compares to its closest peers by market capitalization:

Company Ticker Market Cap P/E Ratio
Zscaler, Inc. ZS $37.72B —
Microsoft Corporation MSFT $3.96T 29.7
Palantir Technologies Inc. PLTR $484.74B 173.9
Oracle Corporation ORCL $391.46B 20.2

The Software - Infrastructure industry average P/E ratio is 30.2x. Zscaler, Inc. has no P/E ratio because it is not currently profitable.

Every figure above is read from this page's own data on each daily rebuild. Informational only, not financial advice. As of October 21, 2026.

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About Zscaler, Inc.

Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zero Trust SASE, a solution that securely connects workforces, AI agents, workloads, and IoT/OT devices to cloud apps and AI services; Zscaler Internet Access, which provides advanced threat protection, sandbox, and zero trust firewall; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, and reduced attack surface; Zero Trust Browser, a solution that secures browser-based access to business applications for the extended workforce, including third parties and partners; Zscaler Digital Experience, a solution that monitors end-user experience and helps organizations identify and resolve performance issues across their digital environment; Zero Trust Branch; and Zero Trust Cloud solutions. It also provides Security for AI solution to secure AI adoption across the full AI ecosystem; data security services, including AI-powered data classification and contextual insights, data loss prevention, Saas security, and data security posture management solution. In addition, the company offers Agentic Security Operations solution that enables enterprises to reduce cyber risk by using AI-powered automation; exposure management platform; deception; managed detection and response; agentic security operations center; and threat hunting solutions. It serves automotive, airlines and transportation, conglomerates, consumer goods and retail, energy, financial services, healthcare, insurance, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc. and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.

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