Free Cash Flow for Zscaler (ZS)
Free Cash Flow for Zscaler (ZS): headline value $943.74M · YoY +24.2%. Annual and quarterly series, chart, and tables are below.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
ZS
Currently viewingFree Cash FlowSwitch metric
Latest period
$943.74M
YoY change
+24.2%
5Y CAGR
+92.5%
Peak year (2025)
$726.69M
Latest annual
$726.69M
Free Cash Flow history chart for Zscaler (ZS) from 2015 to 2025
Free Cash Flow history table for Zscaler (ZS) from 2015 to 2025
| Fiscal year | Period ended | Reported | Free Cash Flow | YoY |
|---|---|---|---|---|
| 2025 | $726.69M | +24.2% | ||
| 2024 | $584.95M | +75.3% | ||
| 2023 | $333.62M | +44.2% | ||
| 2022 | $231.33M | +60.9% | ||
| 2021 | $143.74M | +422.5% | ||
| 2020 | $27.51M | -1.3% | ||
| 2019 | $27.86M | +1203.9% | ||
| 2018 | $2.14M | -115.1% | ||
| 2017 | -$14.19M | -21.9% | ||
| 2016 | -$18.16M | +81.9% | ||
| 2015 | -$9.98M | — |
Free Cash Flow values are taken from Zscaler's reported cash flow statements (10-Q quarterly and 10-K annual filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the date the filing was reported; YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
Analysis
As of the 2025 fiscal year, Zscaler (ZS) reported free cash flow of $726.69M – grew 24.2% year-over-year.
Over 2020–2025 (5 years), Zscaler free cash flow expanded at a +92.5% compound annual rate, sustaining 5 straight years of year-over-year growth.
Across the available history, free cash flow reached its high of $726.69M in 2025 and its low of -$18.16M in 2016.
Among 8 Technology peers, Zscaler (ZS) ranks 9th; the peer median for free cash flow is $49.26B.
Zscaler Free Cash Flow by Year
Zscaler Free Cash Flow 2025: $726.69M
Zscaler free cash flow in 2025 was $726.69M, grew 24.2% from 2024. This figure represents the highest annual value in the available history.
Zscaler Free Cash Flow 2024: $584.95M
Zscaler free cash flow in 2024 was $584.95M, surged 75.3% from 2023.
Zscaler Free Cash Flow 2023: $333.62M
Zscaler free cash flow in 2023 was $333.62M, surged 44.2% from 2022.
Zscaler Free Cash Flow 2022: $231.33M
Zscaler free cash flow in 2022 was $231.33M, surged 60.9% from 2021.
Zscaler Free Cash Flow 2021: $143.74M
Zscaler free cash flow in 2021 was $143.74M.
See more financial history for Zscaler (ZS).
Sector peers — Free Cash Flow
Companies in the same sector as Zscaler, ranked by their latest free cash flow.
| Company | Free Cash Flow | Sector |
|---|---|---|
| Taiwan Semiconductor Manufacturing Company Limited (TSM) | $1.10T | Technology |
| Apple Inc. (AAPL) | $98.77B | Technology |
| NVIDIA Corporation (NVDA) | $96.68B | Technology |
| Microsoft Corporation (MSFT) | $71.61B | Technology |
| Broadcom Inc. (AVGO) | $26.91B | Technology |
| ASML Holding N.V. (ASML) | $10.65B | Technology |
| Advanced Micro Devices, Inc. (AMD) | $6.74B | Technology |
| Micron Technology, Inc. (MU) | $1.67B | Technology |
Frequently asked questions
What is Zscaler's free cash flow?
Latest reported free cash flow for Zscaler (ZS) is $943.74M (period ending January 31, 2026).
How has Zscaler free cash flow changed year-over-year?
Zscaler (ZS) free cash flow changed +24.2% year-over-year on the latest annual filing.
What is the long-term growth rate of Zscaler free cash flow?
Zscaler (ZS) free cash flow compound annual growth rate is +92.5% over the most recent 5 years available.
When did Zscaler free cash flow hit its highest annual value?
Zscaler free cash flow reached its highest annual value of $726.69M in 2025.
What was Zscaler free cash flow in 2024?
Zscaler (ZS) free cash flow in 2024 was $584.95M.
What was Zscaler free cash flow in 2025?
Zscaler (ZS) free cash flow in 2025 was $726.69M.
Metrics overview
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