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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.

ZS

$169.80

−$8.00 (−4.50%)

Sep 4, 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 Sep 4, 2026
Trading
Open
$166.15
Previous Close
$177.80
Day's Range
165.06–177.14
52-Week Range
114.63–336.99
Volume
7.73M
Valuation
Market Cap
$27.69B
P/E Ratio
unprofitable
Forward P/EShare price divided by forecast earnings for the year ahead, rather than the year just past.
30.38
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.
1.94
P/S ratioMarket value divided by annual revenue. Useful for companies that are not yet profitable, where a P/E cannot be calculated.
8.26
EPS (ttm)Profit attributable to each share over the last twelve months.
−0.37
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.
−1.88%
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
−36.70%
Dividend and dates
Earnings Date
November 24, 2026estimated
Avg Volume
3.02M

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

ZS Stock Return by Calendar Year

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

YearReturn
2026 (partial year)−24.51%
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 September 4, 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 187 stocks
MetricZSSoftware - Infrastructure medianvs median
P/S ratio8.263.48137% above
Profit margin−1.88%0.00%1.9 pts below

Medians across 187 Software - Infrastructure stocks that report the metric. Medians, not averages, so one outlier cannot move them. As of September 4, 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 $27.69B. It is classified in the Software - Infrastructure industry, within the Technology sector.

The most recent close on file for ZS is $169.80, dated September 4, 2026. That is −$8.00 (−4.50%) against the previous close. Over the past 52 weeks the price has ranged from $114.63 to $336.99. The latest close sits 48.14% 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 1.9 percentage points below the Software - Infrastructure median of 0%. Trailing earnings per share are −0.37.

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 30.38. The PEG ratio, which sets the P/E against expected earnings growth, reads 1.94. The price-to-sales ratio is 8.26. On price-to-sales that is 137.49% above the Software - Infrastructure median of 3.48. The medians here are taken across 187 Software - Infrastructure companies that report the metric.

Over the trailing twelve months the price has returned −36.70%. Across 5 years the annualized return works out at −9.99%. Daily returns over the trailing 8 years annualize to a volatility of 57.73%.

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 price is −24.51%.

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 $27.69B
Microsoft Corporation MSFT $3.71T 28.4
Oracle Corporation ORCL $457.36B 27.3
Palantir Technologies Inc. PLTR $418.93B 155.7

The Software - Infrastructure industry average P/E ratio is 25.5x. 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 nightly rebuild. Informational only, not financial advice. As of September 4, 2026.

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About Zscaler, Inc.

Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zscaler Internet Access, which provides threat protection, cloud sandbox, and cloud browser isolation; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, reduced attack surface, and browser isolation; Zero Trust Firewall; Cloud Sandbox; and Zero Trust Browser. It also provides data security products, such as web and email DLP, endpoint DLP, BYOD security, multi-mode CASB, unified SaaS security, DSPM, AI-SPM, public gen AI security, and Microsoft Copilot data protection; Zero Trust Cloud solution. In addition, the company offers Zero Trust Branch comprising Zero Trust SD-WAN; IoT/OT segmentation; privileged remote access; Zscaler Cellular; and Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy-to-understand digital experience score for each user, application, and location within an enterprise. Further, it provides security operations products, including data fabric for security; asset exposure management; Risk360; unified vulnerability management; deception; managed detection and response; and managed threat hunting. Additionally, the company offers Zero Trust Gateway, a fully managed Zscaler service. It serves the 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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