Filing Flows › Zscaler (ZS) › Q4 FY26 › vs Q4 FY25
Zscaler (ZS) Q4 FY26 vs Q4 FY25 (year over year)
Zscaler's revenue rose $179M (+25%) from $719M in Q4 FY25 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 Q4 FY25, the increases inside each band.
Margins
| Q4 FY26 | Q4 FY25 | Change | |
|---|---|---|---|
| Free cash flow margin | 8.8% | 26.5% | -17.6 pts |
Every line
| Line | Q4 FY26 | Q4 FY25 | Change | % |
|---|---|---|---|---|
| Revenue | $898M | $719M | $179M | +25% |
| Other income, net | $30.4M | $30.3M | $57K | +0.2% |
| Net loss | $3.4M | $17.6M | −$14.2M | -81% |
| Costs & expenses | $932M | $767M | $165M | +21% |
| Operating costs | $914M | $751M | $162M | +22% |
| Income tax | $18.3M | $15.7M | $2.6M | +17% |
| Cost of revenue | $209M | $172M | $36.7M | +21% |
| Research & development | $241M | $178M | $63.9M | +36% |
| Sales & marketing | $381M | $331M | $50.8M | +15% |
| General & admin | $81.9M | $71.0M | $10.8M | +15% |
| Operating cash sources | $283M | $268M | $14.5M | +5% |
| Depreciation & amortization | $42.9M | $30.3M | $12.7M | +42% |
| Share-based compensation | $212M | $173M | $38.9M | +23% |
| Working capital & other | $28.1M | $65.3M | −$37.1M | -57% |
| Net loss absorbed | $3.4M | $17.6M | −$14.2M | -81% |
| Operating cash flow | $279M | $251M | $28.7M | +11% |
| Free cash flow (OCF − capex) | $79.4M | $191M | −$111M | -58% |
| Capital expenditures | $200M | $60.0M | $140M | +233% |
Questions
How much did Zscaler's revenue grow year over year in Q4 FY26?
Zscaler's revenue rose $179M (+25%) from $719M in Q4 FY25 to $898M in Q4 FY26.