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Zscaler stock: key metrics
ZSZscaler had an operating margin of −4% and a return on invested capital (ROIC) of −2.4% in fiscal 2026.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2015 | 73.1% | −23.1% | −23.9% |
| 2016 | 74.9% | −33.4% | −34.2% |
| 2017 | 78.1% | −27.9% | −28.2% |
| 2018 | 80.1% | −14.0% | −17.7% |
| 2019 | 80.2% | −7.3% | −9.5% |
| 2020 | 77.5% | −22.0% | −26.7% |
| 2021 | 77.6% | −30.8% | −38.9% |
| 2022 | 77.7% | −30.0% | −35.8% |
| 2023 | 77.6% | −13.3% | −12.5% |
| 2024 | 77.9% | −5.7% | −2.7% |
| 2025 | 76.9% | −4.8% | −1.6% |
| 2026 | 76.8% | −4.0% | −1.9% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2015 | −20.5% | −13.9% | −10.1% |
| 2016 | −41.2% | −29.0% | −17.9% |
| 2017 | −71.2% | −40.1% | −19.4% |
| 2018 | −14.0% | −12.8% | −7.5% |
| 2019 | −9.3% | −5.8% | −4.7% |
| 2020 | −23.7% | −8.6% | −6.3% |
| 2021 | −49.5% | −11.1% | −11.6% |
| 2022 | −68.1% | −16.0% | −13.8% |
| 2023 | −27.9% | −9.0% | −5.6% |
| 2024 | −4.5% | −4.1% | −1.2% |
| 2025 | −2.3% | −3.0% | −0.6% |
| 2026 | −2.4% | −2.4% | −0.8% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2026, period end 31 Jul 2026
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Weak, published since 7 Nov 2026 (in the score history since 7 Nov 2025)
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.