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Zscaler (ZS) free cash flow by quarter

Zscaler's free cash flow was $79.4M in Q4 FY26 (fourth quarter fiscal 2026), -49% from Q3 FY26. Over the last 7 quarters it ranged from $79.4M (Q4 FY26) to $431M (Q1 FY26).

Zscaler free cash flow by quarterZscaler free cash flow by quarter$164MQ2 FY25$139MQ3 FY25$191MQ4 FY25$431MQ1 FY26$186MQ2 FY26$156MQ3 FY26$79.4MQ4 FY26
QuarterFree cash flowQ/QY/Y
Q4 FY26$79.4M-49%-58%
Q3 FY26$156M-16%+12%
Q2 FY26$186M-57%+13%
Q1 FY26$431M+126%—
Q4 FY25$191M+37%—
Q3 FY25$139M-16%—
Q2 FY25$164M——

Q4 FY26 at a glance

Zscaler, Q4 FY26: revenue $898M (+25% year over year), operating margin -1.7%, net loss $3.4M, operating cash flow $279M. The chart follows the revenue to costs, profit and cash.

Questions

What is Zscaler's free cash flow?

Zscaler's free cash flow was $79.4M in Q4 FY26 (fourth quarter fiscal 2026), -49% from Q3 FY26.

How has Zscaler's free cash flow changed?

Over the last 7 quarters it ranged from $79.4M (Q4 FY26) to $431M (Q1 FY26).

Q4 FY26 results → · How Zscaler makes money →