Zscaler maintains a dominant position in cloud-native security, yet its transition to sustained GAAP profitability remains elusive as revenue growth decelerated to 25.4% in 2026Q3.
Price trend, volume and key moving averages
Start with the evidence for owning the stock and the risks that can break the thesis.
Revenue growth has moderated from 35.4% in 2024Q2 to 25.4% in 2026Q3, while elevated SG&A expenses of $455.2 million continue to prevent consistent GAAP operating profitability.
Zscaler is a leading provider of cloud-based zero trust security solutions, positioning it well for enterprise digital transformation.
The company's cloud-native security platform addresses growing demand for protecting users, workloads, and devices in the AI era.
With a high forward P/E ratio, investors see long-term growth potential in Zscaler's business model and market position.
Trailing total returns as of 11/7/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q4 2026Latest Sep 3, 2026 | $1.19+9.2% vs $1.09 | $898M+2.4% vs $877M |
Q2 2026 May 26, 2026 | $1.08+6.9% vs $1.01 | $850M+1.8% vs $835M |
Q1 2026 Feb 26, 2026 | $1.01+13.0% vs $0.89 | $816M+2.2% vs $798M |
Q4 2025 Nov 25, 2025 | $0.96+12.1% vs $0.86 | $788M+1.9% vs $773M |
Palo Alto Networks is aggressively shifting to a platformization strategy to consolidate its security services for 70,000 customers. Zscaler continues to dominate the cloud-native zero trust market with a presence in over 50% of the Fortune 500 companies.
The latest trading day saw Zscaler (ZS) settling at $203.88, representing a -9.16% change from its previous close.
SAN JOSE, Calif., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Zscaler , Inc. (NASDAQ: ZS), the cybersecurity platform for the AI era, will release its first quarter fiscal year 2027 earnings after the market closes on Wednesday, December 2, 2026.
ZS' slowing growth and rising spending weigh on its stock, but AI security momentum, Zero Trust adoption and attractive valuation support a hold strategy.
Benchmark ZS against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Zscaler, Inc. (ZS)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $197.66 | $31.96B | -732.07 | 23.31% | -1.55% | -2.7% | — | |
| $216.90 | $220.86B | -1355.63 | 21.71% | 1.08% | 1.27% | — | |
| $313.84 | $213.89B | 196.15 | 14.87% | 2.67% | 1.68% | — | |
| $118.84 | $87.07B | 48.91 | 14.17% | 28.96% | 151.52% | — | |
| $268.75 | $95.39B | -926.72 | 29.85% | -8.21% | -13.86% | — | |
| $21.77 | $7.33B | -15.89 | 21.89% | -30.95% | -23.16% | — |
Zscaler, Inc. (ZS) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Zscaler, Inc. (ZS) SEC filings — annual & quarterly reports (10-K, 10-Q)
Sep 3, 2026·SEC
May 26, 2026·SEC
Apr 16, 2026·SEC
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Zscaler, Inc. (ZS) stock FAQ — growth, dividends, profitability & financials explained
Zscaler, Inc. (ZS) reported $3.35B in revenue over the trailing twelve months. Revenue was $2.67B in fiscal year 2025. That is 4877% more than the $53.7M of fiscal year 2015.
Zscaler, Inc. (ZS) grew revenue by 23.3% in fiscal year 2025, compared with the prior fiscal year.
No. Zscaler, Inc. (ZS) reported a net loss of $63.2M over the trailing twelve months.
Zscaler, Inc. (ZS) had a return on equity (ROE) of -2.7% in fiscal year 2025. A negative ROE means the company lost money over the period.
Zscaler, Inc. (ZS) generated $914.4M in free cash flow over the trailing twelve months.
