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How Zscaler (ZS) makes money
Zscaler (ZS) made $898M of revenue in the fourth quarter fiscal 2026 (Q4 FY26), +25% from a year earlier.
Drawing the Sankey…
Where each dollar of revenue goes
| Line | Q4 FY26 | % of revenue |
|---|---|---|
| Revenue | $898M | 100.0% |
| Income tax | $18.3M | 2.0% |
| Operating cash flow | $279M | 31.1% |
| Free cash flow | $79.4M | 8.8% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q4 FY26 | $898M | +25% |
| Q3 FY26 | $850M | +25% |
| Q2 FY26 | $816M | +26% |
| Q1 FY26 | $788M | +26% |
| Q4 FY25 | $719M | +21% |
| Q3 FY25 | $678M | +23% |
| Q2 FY25 | $648M | +23% |
From Zscaler's 10-K filed Sep 3, 2026 (on EDGAR).
Questions
How does Zscaler make money?
Zscaler (ZS) made $898M of revenue in the fourth quarter fiscal 2026 (Q4 FY26), +25% from a year earlier.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.