Zscaler Inc

ZS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Zscaler Earnings: Strong Sales Execution and Demand for Emerging Products Drive a Solid Quarter

Malik Ahmed Khan

Sep 3, 2025

Zscaler closed out fiscal 2025 with solid results, including sales growth of 21% to $719 million and adjusted margins climbing 60 basis points to 22%. The firm's outlook for fiscal 2026 calls for sales of $3.27 billion and adjusted margins of more than 22%, at the midpoint of guidance.

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Zscaler Inc

Zscaler Earnings: Strong Sales Execution and Demand for Emerging Products Drive a Solid Quarter

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