Filing Flows › Zscaler (ZS) › Q4 FY26 › vs Q3 FY26
Zscaler (ZS) Q4 FY26 vs Q3 FY26 (quarter over quarter)
Zscaler's revenue rose $47.7M (+6%) from $850M in Q3 FY26 to $898M in Q4 FY26.
Zscaler, Q4 FY26: revenue $898M (+25% year over year), operating margin -1.7%, net loss $3.4M, operating cash flow $279M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Free cash flow margin | 8.8% | 18.3% | -9.5 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| Revenue | $898M | $850M | $47.7M | +6% |
| Other income, net | $30.4M | $27.3M | $3.1M | +11% |
| Net loss | $3.4M | $13.9M | −$10.5M | -76% |
| Costs & expenses | $932M | $892M | $40.3M | +5% |
| Operating costs | $914M | $880M | $33.6M | +4% |
| Income tax | $18.3M | $11.5M | $6.8M | +59% |
| Cost of revenue | $209M | $193M | $16.3M | +8% |
| Research & development | $241M | $232M | $9.2M | +4% |
| Sales & marketing | $381M | $372M | $9.4M | +3% |
| General & admin | $81.9M | $83.2M | −$1.4M | -2% |
| Operating cash sources | $283M | $212M | $70.8M | +33% |
| Depreciation & amortization | $42.9M | $38.0M | $4.9M | +13% |
| Share-based compensation | $212M | $205M | $6.4M | +3% |
| Working capital & other | $28.1M | −$31.3M | $59.4M | — |
| Net loss absorbed | $3.4M | $13.9M | −$10.5M | -76% |
| Operating cash flow | $279M | $198M | $81.3M | +41% |
| Free cash flow (OCF − capex) | $79.4M | $156M | −$76.2M | -49% |
| Capital expenditures | $200M | $42.4M | $157M | +371% |
Questions
How much did Zscaler's revenue grow quarter over quarter in Q4 FY26?
Zscaler's revenue rose $47.7M (+6%) from $850M in Q3 FY26 to $898M in Q4 FY26.