How does Zscaler (ZS) make money?

Zscaler (ZS) primarily makes money through Reportable Segment, which accounts for 100% of total revenue. For TTM through Q1 2026, Zscaler generated $3.00B in total revenue with a net profit margin of -2.3%.

What is Zscaler (ZS) gross profit margin?

Zscaler (ZS) reported a gross profit margin of 76.6% for TTM through Q1 2026, equivalent to $2.30B in gross profit. This means Zscaler retains 76.6% of each revenue unit after direct costs of production.

What is Zscaler (ZS) operating profit margin?

Zscaler (ZS) reported an operating profit margin of -4.8% for TTM through Q1 2026, equivalent to −$142.81M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.

What is Zscaler (ZS) net profit margin?

Zscaler (ZS) reported a net profit margin of -2.3% for TTM through Q1 2026, equivalent to −$67.63M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.

How much does Zscaler (ZS) invest in R&D?

Zscaler (ZS) invested $776.53M in research and development in TTM through Q1 2026 (25.9% of total revenue). R&D spending reflects investment in future products, services, and technologies.

How much does Zscaler (ZS) spend on capital expenditures?

Zscaler (ZS) spent $170.30M on capital expenditures in TTM through Q1 2026 (5.7% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.

What is Zscaler (ZS) free cash flow?

Zscaler (ZS) generated $943.74M in free cash flow for TTM through Q1 2026 (31.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

How Zscaler (ZS) Makes Money: A Visual Guide

Zscaler (ZS) generated $3.00B in revenue but reported a net loss of $67.63M. Its largest revenue source is Reportable Segment (100% of revenue). Below is an interactive breakdown of how revenue flows through the income statement.

Zscaler (ZS) Income Statement Flow — TTM through Q1 2026

Calculated from the four most recent reported quarters, ending January 31, 2026 (reported February 26, 2026).

Frequently asked questions

How does Zscaler (ZS) make money?: Zscaler (ZS) primarily makes money through Reportable Segment, which accounts for 100% of total revenue. For TTM through Q1 2026, Zscaler generated $3.00B in total revenue with a net profit margin of -2.3%.
What is Zscaler (ZS) gross profit margin?: Zscaler (ZS) reported a gross profit margin of 76.6% for TTM through Q1 2026, equivalent to $2.30B in gross profit. This means Zscaler retains 76.6% of each revenue unit after direct costs of production.
What is Zscaler (ZS) operating profit margin?: Zscaler (ZS) reported an operating profit margin of -4.8% for TTM through Q1 2026, equivalent to −$142.81M in operating profit. This reflects profitability after operating expenses such as R&D, sales, and administration, but before taxes and non-operating items.
What is Zscaler (ZS) net profit margin?: Zscaler (ZS) reported a net profit margin of -2.3% for TTM through Q1 2026, equivalent to −$67.63M in net profit. This is the share of revenue that remains as profit after all expenses, taxes, and non-operating items.
How much does Zscaler (ZS) invest in R&D?: Zscaler (ZS) invested $776.53M in research and development in TTM through Q1 2026 (25.9% of total revenue). R&D spending reflects investment in future products, services, and technologies.
How much does Zscaler (ZS) spend on capital expenditures?: Zscaler (ZS) spent $170.30M on capital expenditures in TTM through Q1 2026 (5.7% of total revenue). Capital expenditures represent investments in physical assets such as property, equipment, and infrastructure.
What is Zscaler (ZS) free cash flow?: Zscaler (ZS) generated $943.74M in free cash flow for TTM through Q1 2026 (31.4% of total revenue). Free cash flow is the cash remaining after capital expenditures and represents the company's ability to fund growth, pay dividends, or reduce debt.

Data & methodology

What is a Sankey diagram?: A Sankey diagram shows how money flows through a company from revenue to net profit. The width of each flow represents its proportion.
How is the data calculated?: We use the income statement from company filings. For TTM (Trailing Twelve Months), we use a pre-aggregated twelve-month view aligned with our latest four quarterly periods. Revenue flows to cost of revenue and gross profit, then to operating expenses (R&D, S&M, G&A) and operating profit.
When was this data last updated?: Based on company filings through TTM through Q1 2026.