Filing Flows › Zscaler (ZS) › Q3 FY26 › vs Q3 FY25
Zscaler (ZS) Q3 FY26 vs Q3 FY25 (year over year)
Zscaler's revenue rose $172M (+25%) from $678M in Q3 FY25 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 Q3 FY25, the increases inside each band.
Margins
| Q3 FY26 | Q3 FY25 | Change | |
|---|---|---|---|
| Free cash flow margin | 18.3% | 20.5% | -2.2 pts |
Every line
| Line | Q3 FY26 | Q3 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $850M | $678M | $172M | +25% |
| Other income, net | $27.3M | $30.0M | −$2.7M | -9% |
| Net loss | $13.9M | $4.1M | $9.8M | +237% |
| Costs & expenses | $892M | $712M | $179M | +25% |
| Operating costs | $880M | $703M | $177M | +25% |
| Income tax | $11.5M | $8.7M | $2.8M | +33% |
| Cost of revenue | $193M | $156M | $36.7M | +24% |
| Research & development | $232M | $170M | $62.5M | +37% |
| Sales & marketing | $372M | $315M | $57.3M | +18% |
| General & admin | $83.2M | $63.1M | $20.1M | +32% |
| Operating cash sources | $243M | $188M | $55.6M | +30% |
| Depreciation & amortization | $38.0M | $28.2M | $9.8M | +35% |
| Share-based compensation | $205M | $159M | $45.8M | +29% |
| Net loss absorbed | $13.9M | $4.1M | $9.8M | +237% |
| Working capital & other | $31.3M | −$27.6M | $58.9M | — |
| Operating cash flow | $198M | $211M | −$13.1M | -6% |
| Free cash flow (OCF − capex) | $156M | $139M | $16.7M | +12% |
| Capital expenditures | $42.4M | $72.2M | −$29.8M | -41% |
Questions
How much did Zscaler's revenue grow year over year in Q3 FY26?
Zscaler's revenue rose $172M (+25%) from $678M in Q3 FY25 to $850M in Q3 FY26.