TTM
-4.7%
YoY change
+0.91pp
Trough year (2016)
-33.4%
Peak year (2025)
-4.8%
Latest annual
-4.8%
Operating Margin history chart for Zscaler (ZS) from 2015 to 2025
Latest: -4.8%
Operating Margin change chart for Zscaler (ZS) from 2015 to 2025
Latest: +0.91pp
Operating Margin history table for Zscaler (ZS) from 2015 to 2025
| 2025 | -4.8% | +0.91pp | ||
| 2024 | -5.7% | +7.61pp | ||
| 2023 | -13.3% | +16.69pp | ||
| 2022 | -30.0% | +0.80pp | ||
| 2021 | -30.8% | -8.82pp | ||
| 2020 | -22.0% | -14.65pp | ||
| 2019 | -7.3% | +6.64pp | ||
| 2018 | -14.0% | +13.92pp | ||
| 2017 | -27.9% | +5.52pp | ||
| 2016 | -33.4% | -10.30pp | ||
| 2015 | -23.1% | — |
- 2025-4.8%+0.91pp
- 2024-5.7%+7.61pp
- 2023-13.3%+16.69pp
- 2022-30.0%+0.80pp
- 2021-30.8%-8.82pp
- 2020-22.0%-14.65pp
- 2019-7.3%+6.64pp
- 2018-14.0%+13.92pp
- 2017-27.9%+5.52pp
- 2016-33.4%-10.30pp
- 2015-23.1%—
Operating Margin values are taken from Zscaler's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About Operating Margin at Zscaler (ZS)
According to Zscaler's latest reported financial statements, the company's latest reported operating margin is -4.7%. Operating margin is operating income divided by revenue — the share of each sales dollar left after cost of goods sold and operating expenses (SG&A, R&D), but before interest and taxes. It isolates how profitable the core business is before financing and tax decisions, so it is comparable across companies with different capital structures.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
In 2025, Zscaler (ZS) operating margin totalled -4.81% – expanded 0.9 percentage points year-over-year.
2025 marks the peak operating margin at -4.81%, with the historical low of -33.42% recorded in 2016.
Zscaler Operating Margin by Year
Zscaler Operating Margin 2025: -4.8%
In 2025, Zscaler reported operating margin of -4.81%, expanded 0.9 percentage points from 2024. This figure represents the highest annual value in the available history.
Zscaler Operating Margin 2024: -5.7%
Zscaler operating margin in 2024 was -5.71%, expanded 7.6 percentage points from 2023.
Zscaler Operating Margin 2023: -13.3%
2023's operating margin for Zscaler came in at -13.32%, expanded 16.7 percentage points from 2022.
Zscaler Operating Margin 2022: -30.0%
Zscaler posted operating margin of -30.01% in 2022, expanded 0.8 percentage points from 2021.
Zscaler Operating Margin 2021: -30.8%
Zscaler operating margin in 2021 was -30.81%.
See more financial history for Zscaler (ZS).
Sector peers by Operating Margin
Technology peers of Zscaler (ZS), ranked by their latest operating margin
| 64.0% | |
| 53.2% | |
| 48.5% | |
| 46.8% | |
| 43.7% | |
| 34.8% | |
| 32.6% | |
| 11.7% |
- 64.0%
- 53.2%
- 46.8%
- 43.7%
- 34.8%
- 32.6%
- 11.7%
Frequently asked questions
Zscaler (ZS) Key Financials
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