Filing Flows › Zscaler (ZS) › Q3 FY26 › vs Q2 FY26
Zscaler (ZS) Q3 FY26 vs Q2 FY26 (quarter over quarter)
Zscaler's revenue rose $34.7M (+4%) from $816M in Q2 FY26 to $850M in Q3 FY26.
Zscaler, Q3 FY26: revenue $850M (+25% year over year), operating margin -3.5%, net loss $13.9M, operating cash flow $198M. The chart draws each line against Q2 FY26, the increases inside each band.
Margins
| Q3 FY26 | Q2 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 18.3% | 22.8% | -4.5 pts |
Every line
| Line | Q3 FY26 | Q2 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $850M | $816M | $34.7M | +4% |
| Other income, net | $27.3M | $30.5M | −$3.2M | -11% |
| Net loss | $13.9M | $34.3M | −$20.4M | -60% |
| Costs & expenses | $892M | $881M | $11.1M | +1% |
| Operating costs | $880M | $868M | $12.6M | +1% |
| Income tax | $11.5M | $13.0M | −$1.5M | -12% |
| Cost of revenue | $193M | $191M | $1.4M | +0.7% |
| Research & development | $232M | $229M | $3.1M | +1% |
| Sales & marketing | $372M | $369M | $3.0M | +0.8% |
| General & admin | $83.2M | $78.2M | $5.1M | +6% |
| Operating cash sources | $243M | $217M | $26.6M | +12% |
| Depreciation & amortization | $38.0M | $0 | $38.0M | — |
| Share-based compensation | $205M | $217M | −$11.4M | -5% |
| Net loss absorbed | $13.9M | $34.3M | −$20.4M | -60% |
| Working capital & other | $31.3M | −$21.8M | $53.1M | — |
| Operating cash flow | $198M | $204M | −$6.1M | -3% |
| Free cash flow (OCF − capex) | $156M | $186M | −$30.7M | -16% |
| Capital expenditures | $42.4M | $17.8M | $24.6M | +139% |
Questions
How much did Zscaler's revenue grow quarter over quarter in Q3 FY26?
Zscaler's revenue rose $34.7M (+4%) from $816M in Q2 FY26 to $850M in Q3 FY26.