Zscaler, Inc. (ZS) stock

ZSNasdaqServices-Computer Programming ServicesFiscal year ends July 31

Financials through Q4 FY2026, quarter ended Jul 31, 2026Last filing: 10-K on Sep 3, 2026Score 10/30

$237.83−9.99 (-4.03%)

Close on Oct 30, 2026Market cap $38.78BP/E –Yield –

Earnings

Zscaler's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.

Next report

Nov 24, 2026

Q1 FY2027 · estimated, after the close

Revenue, Q4 FY2026

$898.20M

+24.9% on a year earlier

Non-GAAP net income per share, Q4 FY2026

$1.19

$0.89 a year earlier

Latest guidance

Issued

Sep 3, 2026 · 10 items

Quarterly results

Revenue and earnings per share from each of Zscaler's earnings releases, newest first

Quarter	Reported	Revenue	YoY	EPS	Adj. EPS	Source
Q1 FY2027ended Oct 31, 2026	Nov 24, 2026Expected	–	–	–	–	–
Q4 FY2026ended Jul 31, 2026	Sep 3, 2026after the close	$898.20M	+24.9%	-$0.02	$1.19	Release
Q3 FY2026ended Apr 30, 2026	May 26, 2026after the close	$850.50M	+25.4%	-$0.09	$1.08	Release
Q2 FY2026ended Jan 31, 2026	Feb 26, 2026after the close	$815.80M	+25.9%	-$0.21	$1.01	Release
Q1 FY2026ended Oct 31, 2025	Nov 25, 2025after the close	$788.10M	+25.5%	-$0.07	$0.96	Release
Q4 FY2025ended Jul 31, 2025	Sep 2, 2025after the close	$719.20M	+21.3%	-$0.11	$0.89	Release
Q3 FY2025ended Apr 30, 2025	May 29, 2025after the close	$678.00M	+22.6%	-$0.03	$0.84	Release
Q2 FY2025ended Jan 31, 2025	Mar 5, 2025after the close	$647.90M	+23.4%	-$0.05	$0.78	Release
Q1 FY2025ended Oct 31, 2024	Dec 2, 2024after the close	$628.00M	+26.4%	-$0.08	$0.77	Release
Q4 FY2024ended Jul 31, 2024	Sep 3, 2024after the close	$592.90M	+30.3%	-$0.10	$0.88	Release
Q3 FY2024ended Apr 30, 2024	May 30, 2024after the close	$553.20M	+32.1%	$0.12	$0.88	Release
Q2 FY2024ended Jan 31, 2024	Feb 29, 2024after the close	$525.00M	+35.4%	-$0.19	$0.76	Release
Q1 FY2024ended Oct 31, 2023	Nov 27, 2023after the close	$496.70M	+39.7%	-$0.23	$0.67	Release
Q4 FY2023ended Jul 31, 2023	Sep 5, 2023after the close	$455.00M	+43.0%	-$0.21	$0.64	Release
Q3 FY2023ended Apr 30, 2023	Jun 1, 2023after the close	$418.80M	+46.0%	-$0.32	$0.48	Release
Q2 FY2023ended Jan 31, 2023	Mar 2, 2023after the close	$387.60M	+51.6%	-$0.40	$0.37	Release
Q1 FY2023ended Oct 31, 2022	Dec 1, 2022after the close	$355.50M	+54.2%	-$0.48	$0.29	Release
Q4 FY2022ended Jul 31, 2022	Sep 8, 2022after the close	$318.10M	–	-$0.69	$0.25	Release
Q3 FY2022ended Apr 30, 2022	May 26, 2022after the close	$286.80M	–	-$0.72	$0.17	Release
Q2 FY2022ended Jan 31, 2022	Feb 24, 2022after the close	$255.60M	–	$0.71	$0.13	Release
Q1 FY2022ended Oct 31, 2021	Nov 30, 2021after the close	$230.50M	–	-$0.65	$0.14	Release
Q4 FY2021ended Jul 31, 2021	Sep 9, 2021after the close	–	–	–	–	Filing
Q3 FY2021ended Apr 30, 2021	May 25, 2021after the close	–	–	–	–	Filing
Q2 FY2021ended Jan 31, 2021	Feb 25, 2021after the close	–	–	–	–	Filing
Q1 FY2021ended Oct 31, 2020	Dec 2, 2020after the close	–	–	–	–	Filing
Q4 FY2020ended Jul 31, 2020	Sep 9, 2020after the close	–	–	–	–	Filing

Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.

Current guidance

Zscaler's latest outlook for periods it has not reported yet, compared with what it said before

Metric	Period	Guidance	Before	Change	Given
Revenue	Q1 FY2027	$935.00M – $939.00M	–	New	Sep 3, 2026
Non-GAAP gross marginnon-GAAP	Q1 FY2027	80%	–	New	Sep 3, 2026
Non-GAAP income from operationsnon-GAAP	Q1 FY2027	$215.00M – $217.00M	–	New	Sep 3, 2026
Non-GAAP net income per sharenon-GAAP	Q1 FY2027	$1.15 – $1.16	–	New	Sep 3, 2026
Revenue	FY2027	$3.91B – $3.94B	–	New	Sep 3, 2026
Non-GAAP gross marginnon-GAAP	FY2027	80%	–	New	Sep 3, 2026
Non-GAAP income from operationsnon-GAAP	FY2027	$924.00M – $932.00M	–	New	Sep 3, 2026
Non-GAAP net income per sharenon-GAAP	FY2027	$4.86 – $4.90	–	New	Sep 3, 2026
Free cash flow margin	FY2027	23% – 23.5%	–	New	Sep 3, 2026
ARR	FY2027	$4.40B – $4.43B	–	New	Sep 3, 2026

Guidance vs results

The last range Zscaler gave before each report, against the figure it then reported. Full years add up the four quarters.

Period	Metric	Guidance	Actual	Result
FY2026	Non-GAAP net income per share	$4.10 – $4.11	$4.24Σ4Q	Above range
FY2026	Revenue	$3.33B – $3.33B	$3.35BΣ4Q	Above range
Q4 FY2026	Non-GAAP net income per share	$1.08 – $1.09	$1.19	Above range
Q4 FY2026	Revenue	$875.00M – $878.00M	$898.20M	Above range
Q3 FY2026	Non-GAAP net income per share	$1.00 – $1.01	$1.08	Above range
Q3 FY2026	Revenue	$834.00M – $836.00M	$850.50M	Above range
Q2 FY2026	Non-GAAP net income per share	$0.89 – $0.90	$1.01	Above range
Q2 FY2026	Revenue	$797.00M – $799.00M	$815.80M	Above range
Q1 FY2026	Non-GAAP net income per share	$0.85 – $0.86	$0.96	Above range
Q1 FY2026	Revenue	$772.00M – $774.00M	$788.10M	Above range
FY2025	Non-GAAP net income per share	$3.18 – $3.19	$3.28Σ4Q	Above range
FY2025	Revenue	$2.66B – $2.66B	$2.67BΣ4Q	Above range
Q4 FY2025	Non-GAAP net income per share	$0.79 – $0.80	$0.89	Above range
Q4 FY2025	Revenue	$705.00M – $707.00M	$719.20M	Above range
Q3 FY2025	Non-GAAP net income per share	$0.75 – $0.76	$0.84	Above range
Q3 FY2025	Revenue	$665.00M – $667.00M	$678.00M	Above range
Q2 FY2025	Non-GAAP net income per share	$0.68 – $0.69	$0.78	Above range
Q2 FY2025	Revenue	$633.00M – $635.00M	$647.90M	Above range
Q1 FY2025	Non-GAAP net income per share	$0.62 – $0.63	$0.77	Above range
Q1 FY2025	Revenue	$604.00M – $606.00M	$628.00M	Above range
Q4 FY2024	Non-GAAP net income per share	$0.69 – $0.70	$0.88	Above range
Q4 FY2024	Revenue	$565.00M – $567.00M	$592.90M	Above range
Q3 FY2024	Non-GAAP net income per share	$0.64 – $0.65	$0.88	Above range
Q3 FY2024	Revenue	$534.00M – $536.00M	$553.20M	Above range
Q2 FY2024	Non-GAAP net income per share	$0.57 – $0.58	$0.76	Above range
Q2 FY2024	Revenue	$505.00M – $507.00M	$525.00M	Above range
Q1 FY2024	Non-GAAP net income per share	$0.48 – $0.49	$0.67	Above range
Q1 FY2024	Revenue	$472.00M – $474.00M	$496.70M	Above range
Q4 FY2023	Non-GAAP net income per share	$0.49	$0.64	Above range
Q4 FY2023	Revenue	$429.00M – $431.00M	$455.00M	Above range
Q3 FY2023	Non-GAAP net income per share	$0.39	$0.48	Above range
Q3 FY2023	Revenue	$396.00M – $398.00M	$418.80M	Above range
Q2 FY2023	Non-GAAP net income per share	$0.29 – $0.30	$0.37	Above range
Q2 FY2023	Revenue	$364.00M – $366.00M	$387.60M	Above range
Q1 FY2023	Non-GAAP net income per share	$0.26	$0.29	Above range
Q1 FY2023	Revenue	$339.00M – $341.00M	$355.50M	Above range
Q4 FY2022	Non-GAAP net income per share	$0.20 – $0.21	$0.25	Above range
Q4 FY2022	Revenue	$304.00M – $306.00M	$318.10M	Above range
Q3 FY2022	Non-GAAP net income per share	$0.10 – $0.11	$0.17	Above range
Q3 FY2022	Revenue	$270.00M – $272.00M	$286.80M	Above range
Q2 FY2022	Non-GAAP net income per share	$0.11	$0.13	Above range
Q2 FY2022	Revenue	$240.00M – $242.00M	$255.60M	Above range

Guidance history

Every forecast Zscaler put in an earnings release, newest first

Given	Metric	Period	Guidance	Change
Sep 3, 2026	Non-GAAP net income per share	FY2027	$4.86 – $4.90	New
Sep 3, 2026	Non-GAAP net income per share	Q1 FY2027	$1.15 – $1.16	New
Sep 3, 2026	Free cash flow margin	FY2027	23% – 23.5%	New
Sep 3, 2026	Non-GAAP gross margin	FY2027	80%	New
Sep 3, 2026	Non-GAAP gross margin	Q1 FY2027	80%	New
Sep 3, 2026	Non-GAAP income from operations	FY2027	$924.00M – $932.00M	New
Sep 3, 2026	Non-GAAP income from operations	Q1 FY2027	$215.00M – $217.00M	New
Sep 3, 2026	ARR	FY2027	$4.40B – $4.43B	New
Sep 3, 2026	Revenue	FY2027	$3.91B – $3.94B	New
Sep 3, 2026	Revenue	Q1 FY2027	$935.00M – $939.00M	New
May 26, 2026	Non-GAAP net income per share	FY2026	$4.10 – $4.11	Raised
May 26, 2026	Non-GAAP net income per share	Q4 FY2026	$1.08 – $1.09	New
May 26, 2026	Non-GAAP gross margin	Q4 FY2026	80%	New
May 26, 2026	Non-GAAP income from operations	FY2026	$755.00M – $757.00M	Raised
May 26, 2026	Non-GAAP income from operations	Q4 FY2026	$206.00M – $208.00M	New
May 26, 2026	Annual Recurring Revenue	FY2026	$3.74B – $3.75B	Raised
May 26, 2026	Free cash flow margin	FY2026	22.8% – 23.3%	New
May 26, 2026	Revenue	FY2026	$3.33B – $3.33B	Raised
May 26, 2026	Revenue	Q4 FY2026	$875.00M – $878.00M	New
Feb 26, 2026	Non-GAAP net income per share	FY2026	$3.99 – $4.02	Raised
Feb 26, 2026	Non-GAAP net income per share	Q3 FY2026	$1.00 – $1.01	New
Feb 26, 2026	Non-GAAP income from operations	FY2026	$742.00M – $748.00M	Raised
Feb 26, 2026	Non-GAAP income from operations	Q3 FY2026	$187.00M – $189.00M	New
Feb 26, 2026	Annual Recurring Revenue	FY2026	$3.73B – $3.75B	Raised
Feb 26, 2026	Revenue	FY2026	$3.31B – $3.32B	Raised
Feb 26, 2026	Revenue	Q3 FY2026	$834.00M – $836.00M	New
Nov 25, 2025	Non-GAAP net income per share	FY2026	$3.78 – $3.82	Raised
Nov 25, 2025	Non-GAAP net income per share	Q2 FY2026	$0.89 – $0.90	New
Nov 25, 2025	Non-GAAP income from operations	FY2026	$732.00M – $740.00M	Raised
Nov 25, 2025	Non-GAAP income from operations	Q2 FY2026	$172.00M – $174.00M	New
Nov 25, 2025	Annual Recurring Revenue	FY2026	$3.70B – $3.72B	Raised
Nov 25, 2025	Revenue	FY2026	$3.28B – $3.30B	Raised
Nov 25, 2025	Revenue	Q2 FY2026	$797.00M – $799.00M	New
Sep 2, 2025	Non-GAAP net income per share	FY2026	$3.64 – $3.68	New
Sep 2, 2025	Non-GAAP net income per share	Q1 FY2026	$0.85 – $0.86	New
Sep 2, 2025	Non-GAAP income from operations	FY2026	$728.00M – $736.00M	New
Sep 2, 2025	Non-GAAP income from operations	Q1 FY2026	$166.00M – $168.00M	New
Sep 2, 2025	Annual Recurring Revenue	FY2026	$3.68B – $3.70B	New
Sep 2, 2025	Revenue	FY2026	$3.27B – $3.28B	New
Sep 2, 2025	Revenue	Q1 FY2026	$772.00M – $774.00M	New
May 29, 2025	Non-GAAP net income per share	FY2025	$3.18 – $3.19	Raised
May 29, 2025	Non-GAAP net income per share	Q4 FY2025	$0.79 – $0.80	New
May 29, 2025	Non-GAAP income from operations	FY2025	$573.00M – $575.00M	Raised
May 29, 2025	Non-GAAP income from operations	Q4 FY2025	$152.00M – $154.00M	New
May 29, 2025	Calculated billings	FY2025	$3.18B – $3.19B	Raised
May 29, 2025	Revenue	FY2025	$2.66B – $2.66B	Raised
May 29, 2025	Revenue	Q4 FY2025	$705.00M – $707.00M	New
Mar 5, 2025	Non-GAAP net income per share	FY2025	$3.04 – $3.09	New
Mar 5, 2025	Non-GAAP net income per share	Q3 FY2025	$0.75 – $0.76	New
Mar 5, 2025	Non-GAAP income from operations	FY2025	$562.00M – $572.00M	New
Mar 5, 2025	Non-GAAP income from operations	Q3 FY2025	$140.00M – $142.00M	New
Mar 5, 2025	Calculated billings	FY2025	$3.15B – $3.17B	New
Mar 5, 2025	Revenue	FY2025	$2.64B – $2.65B	New
Mar 5, 2025	Revenue	Q3 FY2025	$665.00M – $667.00M	New
Dec 2, 2024	Non-GAAP net income per share	Q2 FY2025	$0.68 – $0.69	New
Dec 2, 2024	Non-GAAP net income per share	FY2025	$2.94 – $2.99	Raised
Dec 2, 2024	Non-GAAP income from operations	Q2 FY2025	$126.00M – $128.00M	New
Dec 2, 2024	Non-GAAP income from operations	FY2025	$549.00M – $559.00M	Raised
Dec 2, 2024	Calculated billings	FY2025	$3.12B – $3.15B	Raised
Dec 2, 2024	Revenue	Q2 FY2025	$633.00M – $635.00M	New
Dec 2, 2024	Revenue	FY2025	$2.62B – $2.64B	Raised
Sep 3, 2024	Non-GAAP net income per share	Q1 FY2025	$0.62 – $0.63	New
Sep 3, 2024	Non-GAAP net income per share	FY2025	$2.81 – $2.87	New
Sep 3, 2024	Non-GAAP income from operations	Q1 FY2025	$114.00M – $116.00M	New
Sep 3, 2024	Non-GAAP income from operations	FY2025	$530.00M – $540.00M	New
Sep 3, 2024	Calculated billings	FY2025	$3.11B – $3.14B	New
Sep 3, 2024	Revenue	Q1 FY2025	$604.00M – $606.00M	New
Sep 3, 2024	Revenue	FY2025	$2.60B – $2.62B	New
May 30, 2024	Non-GAAP net income per share	Q4 FY2024	$0.69 – $0.70	New
May 30, 2024	Non-GAAP net income per share	FY2024	$2.99 – $3.01	Raised
May 30, 2024	Non-GAAP income from operations	Q4 FY2024	$107.00M – $109.00M	New
May 30, 2024	Non-GAAP income from operations	FY2024	$422.00M – $424.00M	Raised
May 30, 2024	Calculated billings	FY2024	$2.60B – $2.61B	Raised
May 30, 2024	Revenue	Q4 FY2024	$565.00M – $567.00M	New
May 30, 2024	Revenue	FY2024	$2.14B – $2.14B	Raised
Feb 29, 2024	Non-GAAP net income per share	Q3 FY2024	$0.64 – $0.65	New
Feb 29, 2024	Non-GAAP net income per share	FY2024	$2.73 – $2.77	Raised
Feb 29, 2024	Non-GAAP income from operations	Q3 FY2024	$98.00M – $100.00M	New
Feb 29, 2024	Non-GAAP income from operations	FY2024	$395.00M – $400.00M	Raised
Feb 29, 2024	Calculated billings	FY2024	$2.55B – $2.57B	New
Feb 29, 2024	Revenue	Q3 FY2024	$534.00M – $536.00M	New
Feb 29, 2024	Revenue	FY2024	$2.12B – $2.12B	New
Nov 27, 2023	Non-GAAP net income per share	Q2 FY2024	$0.57 – $0.58	New
Nov 27, 2023	Non-GAAP net income per share	FY2024	$2.45 – $2.48	Raised
Nov 27, 2023	Non-GAAP income from operations	Q2 FY2024	$84.00M – $86.00M	New
Nov 27, 2023	Non-GAAP income from operations	FY2024	$360.00M – $365.00M	Raised
Nov 27, 2023	Calculated billings	FY2024	$2.52B – $2.56B	Reaffirmed
Nov 27, 2023	Revenue	Q2 FY2024	$505.00M – $507.00M	New
Nov 27, 2023	Revenue	FY2024	$2.09B – $2.10B	Raised
Sep 5, 2023	Non-GAAP net income per share	Q1 FY2024	$0.48 – $0.49	New
Sep 5, 2023	Non-GAAP net income per share	FY2024	$2.20 – $2.25	New
Sep 5, 2023	Non-GAAP income from operations	Q1 FY2024	$70.00M – $72.00M	New
Sep 5, 2023	Non-GAAP income from operations	FY2024	$330.00M – $340.00M	New
Sep 5, 2023	Calculated billings	FY2024	$2.52B – $2.56B	New
Sep 5, 2023	Revenue	Q1 FY2024	$472.00M – $474.00M	New
Sep 5, 2023	Revenue	FY2024	$2.05B – $2.07B	New
Jun 1, 2023	Non-GAAP net income per share	Q4 FY2023	$0.49	New
Jun 1, 2023	Non-GAAP net income per share	FY2023	$1.63 – $1.64	Raised
Jun 1, 2023	Non-GAAP income from operations	Q4 FY2023	$69.00M – $70.00M	New
Jun 1, 2023	Non-GAAP income from operations	FY2023	$224.00M – $225.00M	Raised
Jun 1, 2023	Calculated billings	FY2023	$1.97B – $1.98B	Raised
Jun 1, 2023	Revenue	Q4 FY2023	$429.00M – $431.00M	New
Jun 1, 2023	Revenue	FY2023	$1.59B – $1.59B	Raised
Mar 2, 2023	Non-GAAP net income per share	Q3 FY2023	$0.39	New
Mar 2, 2023	Non-GAAP net income per share	FY2023	$1.52 – $1.53	Raised
Mar 2, 2023	Non-GAAP income from operations	Q3 FY2023	$55.00M – $56.00M	New
Mar 2, 2023	Non-GAAP income from operations	FY2023	$213.00M – $215.00M	Raised
Mar 2, 2023	Calculated billings	FY2023	$1.94B – $1.95B	Raised
Mar 2, 2023	Total revenue	Q3 FY2023	$396.00M – $398.00M	New
Mar 2, 2023	Total revenue	FY2023	$1.56B – $1.56B	Raised
Dec 1, 2022	Non-GAAP net income per share	Q2 FY2023	$0.29 – $0.30	New
Dec 1, 2022	Non-GAAP net income per share	FY2023	$1.23 – $1.25	Raised
Dec 1, 2022	Non-GAAP income from operations	Q2 FY2023	$42.00M – $43.00M	New
Dec 1, 2022	Non-GAAP income from operations	FY2023	$179.00M – $183.00M	Raised
Dec 1, 2022	Calculated billings	FY2023	$1.93B – $1.94B	Raised
Dec 1, 2022	Total revenue	Q2 FY2023	$364.00M – $366.00M	New
Dec 1, 2022	Total revenue	FY2023	$1.53B – $1.53B	Raised
Sep 8, 2022	Non-GAAP net income per share	Q1 FY2023	$0.26	New
Sep 8, 2022	Non-GAAP net income per share	FY2023	$1.16 – $1.18	New
Sep 8, 2022	Non-GAAP income from operations	Q1 FY2023	$37.00M – $38.00M	New
Sep 8, 2022	Non-GAAP income from operations	FY2023	$173.00M – $176.00M	New
Sep 8, 2022	Calculated billings	FY2023	$1.92B – $1.94B	New
Sep 8, 2022	Total revenue	Q1 FY2023	$339.00M – $341.00M	New
Sep 8, 2022	Total revenue	FY2023	$1.49B – $1.50B	New
May 26, 2022	Non-GAAP net income per share	Q4 FY2022	$0.20 – $0.21	New
May 26, 2022	Non-GAAP net income per share	FY2022	$0.64 – $0.65	Raised
May 26, 2022	Non-GAAP income from operations	Q4 FY2022	$33.00M – $34.00M	New
May 26, 2022	Non-GAAP income from operations	FY2022	$106.00M – $108.00M	Raised
May 26, 2022	Calculated billings	FY2022	$1.43B – $1.43B	Raised
May 26, 2022	Total revenue	Q4 FY2022	$304.00M – $306.00M	New
May 26, 2022	Total revenue	FY2022	$1.08B	Raised
Feb 24, 2022	Non-GAAP net income per share	Q3 FY2022	$0.10 – $0.11	New
Feb 24, 2022	Non-GAAP net income per share	FY2022	$0.54 – $0.56	Raised
Feb 24, 2022	Non-GAAP income from operations	Q3 FY2022	$19.00M – $20.00M	New
Feb 24, 2022	Non-GAAP income from operations	FY2022	$95.00M – $98.00M	Raised
Feb 24, 2022	Calculated billings	FY2022	$1.37B – $1.37B	Raised
Feb 24, 2022	Total revenue	Q3 FY2022	$270.00M – $272.00M	New
Feb 24, 2022	Total revenue	FY2022	$1.05B – $1.05B	New
Nov 30, 2021	Non-GAAP net income per share	Q2 FY2022	$0.11	New
Nov 30, 2021	Non-GAAP net income per share	FY2022	$0.50 – $0.52	New
Nov 30, 2021	Non-GAAP income from operations	Q2 FY2022	$20.00M – $21.00M	New
Nov 30, 2021	Non-GAAP income from operations	FY2022	$90.00M – $93.00M	New
Nov 30, 2021	Calculated billings	FY2022	$1.30B – $1.31B	New
Nov 30, 2021	Total revenue	Q2 FY2022	$240.00M – $242.00M	New
Nov 30, 2021	Total revenue	FY2022	$1.00B – $1.01B	New

Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.