Zscaler Inc

ZS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	^&t	LOCK\|#&l^	LOCK\|$@W$N!S$

Zscaler Earnings: Solid Start to Fiscal 2026, Emerging Products Growing Strongly; FVE Up 14%

Malik Ahmed Khan

Nov 26, 2025

Zscaler kicked off fiscal 2026 with a set of solid results that included sales growing 26% to $788 million and adjusted margins expanding 40 basis points to 22%. The firm also raised its 2026 sales outlook by $20 million to $3.29 billion and maintained its adjusted margin outlook at 22%.

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Zscaler Inc

Zscaler Earnings: Solid Start to Fiscal 2026, Emerging Products Growing Strongly; FVE Up 14%

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