Company / Operating Margin
Zscaler, Inc. Operating Margin History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Operating Margin
-4.8%
FY2025
5-year range
-26.4% / -4.8%
FY2021-FY2025
Trend
+14.1%
vs FY2024
Sector context
#212 of 286
Information Technology
What the data says
At -4.8%, Zscaler, Inc.'s operating margin ranks #212 of 286 in the Information Technology sector. Operating Margin has increased for 3 consecutive years, from -26.4% in FY2022 to -4.8% in FY2025.
Based on SEC 10-K filings.
-4.8% in FY2025 with a 5-year CAGR of +13.4%.
Improved from -14.5% to -4.8% over the past 2 years.
Information Technology sector context is included.
Operating Margin over time
Growth rates
- 3-Year Change
- +21.6pp
- 5-Year Change
- +13.4pp
- 10-Year Change
- -
Sector benchmark
#212 of 286 in Information TechnologyTop 74% of 286This company -4.8% Sector average -210.8%
▼
+97.7% above sector average
Key checks
Key Insights
- Zscaler, Inc.'s operating margin has grown for 3 consecutive years.
- In FY2025, operating margin increased 14.1% year-over-year.
- Currently 206.0pp above the Information Technology sector average.
- Lowest operating margin in the period was in FY2018.
Company context
Key Data Points
- Altman Z-Score 0.64 (distress zone, below 1.8 threshold)
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Operating MarginValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | -4.8% | +14.1% |
| FY2024 | -5.6% | +61.4% |
| FY2023 | -14.5% | +45.1% |
| FY2022 | -26.4% | -126.6% |
| FY2021 | -11.7% | +36.0% |
| FY2020 | -18.2% | +34.7% |
| FY2019 | -27.9% | +16.5% |
| FY2018 | -33.4% | -19.8% |
| FY2017 | -27.9% | +16.5% |
| FY2016 | -33.4% | - |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026